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FIT

Fitbit

$7.05

0.265 (3.91%)

, FB

Facebook

$199.47

-0.27 (-0.14%)

13:17
11/26/19
11/26
13:17
11/26/19
13:17

Facebook had bid for Fitbit, but no longer looking to buy, CNBC says

Facebook (FB) is the "Party A" revealed in an SEC filing that bid several times to acquire Fitbit (FIT) before the latter agreed to be bought by Google (GOOGL), according to CNBC's Alex Sherman, Christina Farr and Salvador Rodriguez, citing people familiar with the matter. Facebook made a "best and final" offer of $7.30 per share for the fitness tracker maker and doesn't plan to bid again now that Google has agreed to the purchase, one of the sources told CNBC. Reference Link

FIT

Fitbit

$7.05

0.265 (3.91%)

FB

Facebook

$199.47

-0.27 (-0.14%)

GOOG

Alphabet

$1,314.43

8.07 (0.62%)

GOOGL

Alphabet Class A

$1,313.94

9.5 (0.73%)

  • 26

    Nov

  • 09

    Dec

FIT Fitbit
$7.05

0.265 (3.91%)

11/06/19
DADA
11/06/19
NO CHANGE
Target $20
DADA
Buy
Sonos rallies after DA Davidson calls 'natural acquisition target' for Apple
DA Davidson analyst Tom Forte reiterates a Buy rating on Sonos (SONO) with a $20 price target following Alphabet's (GOOG, GOOGL) acquisition of Fitbit (FIT). The stock in early trading is up 82c to $14.28. The analyst sees Sonos as the most likely company he covers to have its shares rally from either an improvement in investor perception or a takeover. Sonos is the "best house" on the "bad block" of hardware companies, and is "adjacent to the mansion on the neighboring block, Apple (AAPL)," Forte tells investors in a research note. Similar to Apple, Sonos makes products that are superior to the competition, has an eye for design, and boasts a premium brand that enables it to sell its products at higher prices than others, the analyst says. Further, Forte believes that similar to Fitbit not getting proper credit for its healthcare-related efforts, Sonos does not get credit for its superior technology and premium brand. As such, he sees Sonos as a "natural acquisition target for Apple." Furthermore, while less obvious than Apple, Amazon (AMZN) could acquire Sonos to advance its connected home efforts, according to Forte. The analyst also thinks the company could go private given the "lack of appreciation by Wall Street."
11/04/19
DADA
11/04/19
DOWNGRADE
Target $7.35
DADA
Neutral
Fitbit downgraded to Neutral from Buy at DA Davidson
DA Davidson analyst Tom Forte downgraded Fitbit (FIT) to Neutral from Buy with a price target of $7.35, up from $5.75, after the company agreed to be acquired by Google (GOOGL). The analyst notes that while the deal may get some scrutiny from regulators, he is also encouraged that it is "finally" receiving "much deserved" attention for its healthcare-related business.
11/04/19
SBSH
11/04/19
UPGRADE
Target $7.35
SBSH
Neutral
Fitbit upgraded to Neutral from Sell at Citi
Citi analyst Jim Suva upgraded Fitbit (FIT) to Neutral from Sell with a price target of $7.35, up from $2.00. The analyst cites the takeover by Alphabet (GOOGL) for the upgrade to Neutral as he believes the acquisition will likely occur. He does not see any antitrust hurdles nor additional bidders.
11/01/19
MSCO
11/01/19
UPGRADE
Target $7.35
MSCO
Equal Weight
Fitbit upgraded to Equal Weight from Underweight at Morgan Stanley
Morgan Stanley analyst Katy Huberty upgraded Fitbit (FIT) to Equal Weight from Underweight with a price target of $7.35, up from $3.20, after the company agreed to be acquired by Google (GOOGL).
FB Facebook
$199.47

-0.27 (-0.14%)

11/05/19
11/05/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Facebook (FB) upgraded to Buy from Outperform at Daiwa with analyst Satoshi Tanaka saying the company's Q3 results and 2020 outlook last week go a "long way to alleviate concerns." 2. Beyond Meat (BYND) upgraded to Outperform from Market Perform at Bernstein with analyst Alexia Howard saying she is making a "straightforward valuation call" with the shares down 66% from their peak. 3. NXP Semiconductors (NXPI) upgraded to Buy from Neutral at Mizuho with analyst Vijay Rakesh saying the company's auto segment is showing signs of recovery, with easier compares and content wins. 4. Amgen (AMGN) upgraded to Overweight from Neutral at Cantor Fitzgerald with analyst Alethia Young saying recent events have set the stage for a "clean base business and pipeline story" for Amgen in 2020. 5. Autoliv (ALV) upgraded to Buy from Neutral at Mizuho with analyst Vijay Rakesh saying an improving 2020-2021 auto outlook with easier compares, continued airbag market share gains versus Takata, and lower product launch costs position Autoliv well. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/05/19
DAIW
11/05/19
UPGRADE
Target $250
DAIW
Buy
Daiwa upgrades Facebook to Buy, says earnings concerns 'largely alleviated'
Daiwa analyst Satoshi Tanaka last night upgraded Facebook to Buy from Outperform with a price target of $250, up from $235. The company's Q3 results and 2020 outlook last week go a "long way to alleviate concerns," Tanaka tells investors in a research note. The analyst sees "clearer visibility" from 2020 as well as higher upside after the stock's recent pullback. Facebook's revenue growth slowdown is more moderate than previously anticipated while its guidance for total expenses remains within expectations, contends the analyst. He believes the "negative repercussions" stemming from the implementation of Europe's new data protection regulation and Facebook's data leak "controversy are clearer now that a year has passed." Concerns on the earnings front "have largely been alleviated," says Tanaka.
11/04/19
DAIW
11/04/19
UPGRADE
DAIW
Buy
Facebook upgraded to Buy from Outperform at Daiwa
11/15/19
JPMS
11/15/19
NO CHANGE
JPMS
Overweight
JPMorgan adds Lyft to list of top Internet picks
Earlier, JPMorgan analyst Doug Anmuth added Lyft (LYFT) to his list of top picks in the internet sector following third quarter earnings, saying the ride-hailing giant reported "significantly" better than expected revenue and EBITDA as it continues to take share of an increasingly rational U.S. rideshare market, thereby accelerating its path to profitability. Anmuth said that Lyft, which joins Facebook (FB), Amazon (AMZN), and Netflix (NFLX) in his top picks in the sector, also reiterated its expectation for consolidated EBITDA profit by the fourth quarter of 2021, though he continues to believe core rideshare can be profitable "well before that," likely sometime in 2020. The analyst, who has an Overweight rating on Lyft, noted that he removed Twitter (TWTR) and IAC/InterActive (IAC) from his top picks.
GOOG Alphabet
$1,314.43

8.07 (0.62%)

11/19/19
BTIG
11/19/19
NO CHANGE
BTIG
Neutral
GrubHub needs to get more efficient with marketing costs, says BTIG
BTIG analyst Peter Saleh keeps his Neutral rating on GrubHub (GRUB), noting that while the healthy consumer demand for quick delivery service in fast-casual and casual dining categories should survive, providers will need to be "more efficient" with their advertising budgets. The analyst adds that the expected migration toward delivery aggregators such as FoodBoss or Google (GOOG) will be positive for GrubHub's value offering, but he remains on the sidelines until he sees a reversal in the company's diner acquisition costs, increase in customer frequency, or a stronger financial outlook.
11/14/19
RHCO
11/14/19
NO CHANGE
Target $43
RHCO
Buy
TripAdvisor price target lowered to $43 from $60 at SunTrust
SunTrust analyst Naved Khan lowered his price target on TripAdvisor (TRIP) to $43 after its Q3 earnings miss reported last week. The analyst says he was mistaken in expecting stabilization in the company's Hotels, Media & Platform segment and also underestimated the SEO risk from Google (GOOGL). Khan is keeping his Buy rating on TripAdvisor stock however, stating that its Experiences/Dining business accounts for the "bulk" of its intrinsic value and represents the primary reason to hold the shares.
11/11/19
UBSW
11/11/19
NO CHANGE
Target $240
UBSW
Buy
Nvidia price target raised to $240 ahead of earnings, DC product launch at UBS
UBS analyst Timothy Arcuri raised his price target on Nvidia shares to $240 from $195 ahead of the company's October quarter earnings report. He models quarterly revenue and EPS of $2.91B and $1.61, respectively, which he notes is "more or less" in-line with consensus, but he still sees a path higher for the stock despite the fact that it has outperformed both the S&P 500 and S&P 500 Semis by a "wide margin" over the last three months. Data is starting to play out to prove strength in gaming as ray tracing becomes standard and in the data center as the new 7nm product should be announced next week, said Arcuri. He thinks "performance-focused" customers like Google (GOOGL) are waiting for this new 7nm product and that others are building it into their 2020 roadmaps, the analyst added.
11/07/19
PIPR
11/07/19
NO CHANGE
Target $39
PIPR
Neutral
TripAdvisor price target lowered to $39 from $52 at Piper Jaffray
Piper Jaffray analyst Michael Olson lowered his price target for TripAdvisor (TRIP) shares to $39 from $52 after the company reported weak Q3 revenue and EBITDA and lowered its FY19 EBITDA growth expectation. He believes Google's (GOOGL) "increased aggressiveness" in travel, including placing more emphasis on its own hotel offerings and driving free links farther down the page, is hurting TripAdvisor as well as other online travel players, Olson tells investors. TripAdvisor, and others, may have to turn to higher cost marketing channels to drive similar traffic or face further top-line challenges, contends the analyst, who keeps a Neutral rating on the TripAdvisor shares.
GOOGL Alphabet Class A
$1,313.94

9.5 (0.73%)

11/11/19
LOOP
11/11/19
NO CHANGE
Target $1450
LOOP
Hold
Alphabet price target raised to $1,450 from $1,350 at Loop Capital
Loop Capital analyst Alan Gould raised his price target on Alphabet to $1,450, rolling forward his valuation model to 2021 and noting that the company's fundamentals remains strong while its growth in advertising revenue continues at unprecedented scale. The analyst is keeping his Hold rating on Alphabet however, stating that the current regulatory environment poses a growing challenge with no expected improvement over the next 12 months.
11/08/19
DADA
11/08/19
NO CHANGE
Target $44
DADA
Buy
TripAdvisor price target lowered to $44 from $55 at DA Davidson
DA Davidson analyst Tom White lowered his price target on TripAdvisor (TRIP) to $44 after its "disappointing" Q3 results as the company's core Hotels, Media & Platform segment revenue fell 12% while leading to a cut in its 2019 EBITDA growth outlook to "single-digits" from "double-digit". The analyst notes that the competitive Google (GOOGL) SEO issues are unlikely to abate in 2020, but he is keeping his Buy rating on the stock, noting that Tripadvisor is making progress in accelerating its ongoing transformation into a hotel/lodging business that relies less on auction-based ad spend.

TODAY'S FREE FLY STORIES

14:08
12/11/19
12/11
14:08
12/11/19
14:08
General news
Treasury Budget data reported »

November Treasury Budget…

YETI

Yeti

$32.29

1.66 (5.42%)

14:05
12/11/19
12/11
14:05
12/11/19
14:05
Options
YETI Holdings call volume above normal and directionally bullish »

Bullish option flow…

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$313.70

0.15 (0.05%)

14:03
12/11/19
12/11
14:03
12/11/19
14:03
General news
Fed says economic activity rising at 'moderate rate' »

The Federal Reserve said…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$313.70

0.15 (0.05%)

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14:02
12/11/19
12/11
14:02
12/11/19
14:02
General news
FOMC Meeting Announcement Federal Funds Rate data reported »

FOMC Meeting Announcement…

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$313.65

0.1 (0.03%)

14:01
12/11/19
12/11
14:01
12/11/19
14:01
Periodicals
Fed keeps rates unchanged, says current policy stance 'appropriate' »

The Federal Reserve said…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$313.65

0.1 (0.03%)

03/08/13
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SPY

SPDR S&P 500 ETF Trust

$313.65

0.1 (0.03%)

, SPX

S&P 500

$0.00

(0.00%)

14:01
12/11/19
12/11
14:01
12/11/19
14:01
General news
Fed projections point to 1.6% Federal funds rate to end 2020 »

The economic projections…

SPY

SPDR S&P 500 ETF Trust

$313.65

0.1 (0.03%)

SPX

S&P 500

$0.00

(0.00%)

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SAIA

Saia

$93.02

1.6 (1.75%)

14:01
12/11/19
12/11
14:01
12/11/19
14:01
Conference/Events
Saia management to meet with Wolfe Research »

Meetings to be held in…

03/08/13
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03/06/13
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  • 11

    Dec

  • 12

    Dec

  • 13

    Dec

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$313.66

0.11 (0.04%)

14:00
12/11/19
12/11
14:00
12/11/19
14:00
General news
Breaking General news story on S&P 500, SPDR S&P 500 ETF Trust »

Federal Reserve keeps…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$313.66

0.11 (0.04%)

03/08/13
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HD

Home Depot

$212.00

-3.84 (-1.78%)

13:54
12/11/19
12/11
13:54
12/11/19
13:54
Recommendations
Home Depot analyst commentary  »

Home Depot price target…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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  • 11

    Dec

  • 25

    Feb

EVH

Evolent Health

$8.60

-0.39 (-4.34%)

, ANTM

Anthem

$280.75

-2.84 (-1.00%)

13:48
12/11/19
12/11
13:48
12/11/19
13:48
Periodicals
Outgoing Kentucky administration upholds 'snub' of Evolent partner, LCJ says »

The finance secretary of…

EVH

Evolent Health

$8.60

-0.39 (-4.34%)

ANTM

Anthem

$280.75

-2.84 (-1.00%)

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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PAAS

Pan American Silver

$20.30

0.53 (2.68%)

13:45
12/11/19
12/11
13:45
12/11/19
13:45
Options
Pan American Silver call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
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03/06/13
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13:45
12/11/19
12/11
13:45
12/11/19
13:45
General news
Treasury Budget to be reported at 14:00 »

November Treasury Budget…

13:45
12/11/19
12/11
13:45
12/11/19
13:45
General news
FOMC Meeting Announcement Federal Funds Rate to be reported at 14:00 »

FOMC Meeting Announcement…

SBPH

Spring Bank Pharmaceuticals

$3.20

-0.25 (-7.25%)

13:41
12/11/19
12/11
13:41
12/11/19
13:41
Recommendations
Spring Bank Pharmaceuticals analyst commentary  »

Spring Bank to add CASOs…

03/08/13
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CTL

CenturyLink

$13.99

-0.155 (-1.10%)

13:25
12/11/19
12/11
13:25
12/11/19
13:25
Options
CenturyLink call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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CFX

Colfax

$34.68

0.39 (1.14%)

13:25
12/11/19
12/11
13:25
12/11/19
13:25
Conference/Events
Cowen industrial innovation analyst to hold an analyst/industry conference call »

Industrial Innovation…

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03/08/13
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  • 11

    Dec

  • 18

    Dec

BIIB

Biogen

$293.60

-3.45 (-1.16%)

13:25
12/11/19
12/11
13:25
12/11/19
13:25
Conference/Events
SVB Leerink biotech analyst to hold analyst/industry conference call »

Biotech Analysts, along…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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  • 11

    Dec

XLNX

Xilinx

$93.24

1.99 (2.18%)

13:25
12/11/19
12/11
13:25
12/11/19
13:25
Conference/Events
Xilinx participates in a conference call with Benchmark »

Semiconductor Analyst…

03/08/13
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03/08/13
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  • 11

    Dec

  • 06

    Jan

  • 28

    Jan

DISCA

Discovery

$32.21

-0.03 (-0.09%)

, DISCK

Discovery Inc.

$29.98

-0.005 (-0.02%)

13:21
12/11/19
12/11
13:21
12/11/19
13:21
Periodicals
Bruin Sports explores sale of streaming provider Deltatre, Bloomberg says »

Bruin Sports Capital is…

DISCA

Discovery

$32.21

-0.03 (-0.09%)

DISCK

Discovery Inc.

$29.98

-0.005 (-0.02%)

DIS

Disney

$146.88

0.76 (0.52%)

AMZN

Amazon.com

$1,737.40

-1.75 (-0.10%)

CMCSA

Comcast

$42.17

-0.6 (-1.40%)

CMCSK

Comcast

$0.00

(0.00%)

TWTR

Twitter

$30.17

0.32 (1.07%)

NFLX

Netflix

$297.28

4.07 (1.39%)

03/08/13
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03/08/13
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  • 06

    Feb

LQDT

Liquidity Services

$6.15

-0.27 (-4.21%)

13:21
12/11/19
12/11
13:21
12/11/19
13:21
Recommendations
Liquidity Services analyst commentary  »

Liquidity Services on…

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  • 12

    Dec

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
12/11/19
12/11
13:17
12/11/19
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
12/11/19
12/11
13:16
12/11/19
13:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
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03/06/13
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03/06/13
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GLW

Corning

$28.28

0.28 (1.00%)

13:15
12/11/19
12/11
13:15
12/11/19
13:15
Options
Corning put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 11

    Dec

PNRG

PrimeEnergy

$153.00

-2 (-1.29%)

13:15
12/11/19
12/11
13:15
12/11/19
13:15
Hot Stocks
PrimeEnergy director Clint Hurt sells over $1.1M in company shares »

PrimeEnergy director…

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03/06/13
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AMBA

Ambarella

$54.84

2.33 (4.44%)

13:05
12/11/19
12/11
13:05
12/11/19
13:05
Options
Ambarella call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

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  • 08

    Jan

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