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FB

Facebook

$218.10

-0.21 (-0.10%)

, BIDU

Baidu

$144.57

3.67 (2.60%)

06:43
01/13/20
01/13
06:43
01/13/20
06:43

Mizuho recommends Facebook and Baidu as top Internet picks for 2020

Mizuho analyst James Lee recommends Facebook (FB) with a $240 price target as his top 2020 U.S. Internet pick, and Baidu (BIDU) with a $175 price target as his top 2020 China Internet pick. For U.S. Internet, the analyst believes regulatory concerns are overstated, and that the risk "is already baked into valuations of large-cap stocks." For China Internet, Lee believes advertising will recover and outperform the e-commerce segment.

FB

Facebook

$218.10

-0.21 (-0.10%)

BIDU

Baidu

$144.57

3.67 (2.60%)

  • 22

    Jan

  • 29

    Jan

FB Facebook
$218.10

-0.21 (-0.10%)

01/10/20
01/10/20
INITIATION
Target $250

Outperform
Facebook initiated with an Outperform at Bernstein
Bernstein analyst Mark Shmulik initiated coverage of Facebook with an Outperform rating and $250 price target as part of a broader initiation of the U.S. Internet sector with a generally positive outlook. Shmulik says he expects Facebook's portfolio of apps to continue to capture 70%-80% of new social media users with Instagram nicely supplementing core Blue's slowing growth. He expects Facebook to continue capturing 40%+ of new digital ad dollars on the back of the "rent" for brands selling online, as well as unlocking new ad opportunities within Instagram and Whatsapp. The analyst adds that he thinks regulatory risk is already priced in, and believes Facebook's actual risk is less than perceived, although cost of compliance will weigh on margins and potentially stall the acquisition engine.
01/10/20
01/10/20
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Facebook (FB), Snap (SNAP), and Alphabet (GOOG, GOOGL) initiated with an Outperform at Bernstein, Amazon.com (AMZN) and Pinterest (PINS) initiated with a Market Perform at Bernstein, while Twitter (TWTR) was initiated with an Underperform at Bernstein. 2. iRhythm (IRTC) initiated with an Outperform at William Blair. 3. ResMed (RMD) initiated with a Perform at Oppenheimer. 4. AGNC Investment (AGNC) initiated with a Neutral at Wedbush. 5. McCormick (MKC) reinstated with a Neutral at BofA. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
01/13/20
EVER
01/13/20
DOWNGRADE
Target $115
EVER
Underperform
Spotify downgraded to Underperform from In Line at Evercore ISI
Evercore ISI analyst Benjamin Black downgraded Spotify Technology (SPOT) to Underperform from In Line with an unchanged price target of $115. The stock closed Friday down $1.70 to $156.04. The analyst, who views Spotify as a "tool for tactical trading," says the risk/reward with the shares back near $160 has "tilted back in favor of rewarding shorts." Black says Facebook (FB), Lyft (LYFT) and Match Group (MTCH) are his best ideas in Internet.
01/13/20
EVER
01/13/20
NO CHANGE
Target $280
EVER
Outperform
Facebook price target raised to $280 from $235 at Evercore ISI
Evercore ISI analyst Benjamin Black raised his price target on Facebook to $280 and kept his Outperform rating, calling the stock one of his "best ideas" in Internet entering 2020. The analyst believes that the current valuation models on the stock under-appreciate the "blurring of lines" at Instagram's advertising and e-commerce businesses, with reduced regulatory uncertainty also expected to be a positive. Black further states that an upward margin inflection at Facebook is a matter of "when, not if".
BIDU Baidu
$144.57

3.67 (2.60%)

11/11/19
OPCO
11/11/19
UPGRADE
Target $145
OPCO
Outperform
Baidu's core valuation is 'attractive,' says Oppenheimer
Oppenheimer analyst Jason Helfstein upgraded Baidu to Outperform with a $145 price target following the company's "better" Q3 results, driven by stabilizing advertising trends and more disciplined investments, resulting in EBITDA that was much better than expected. In a research note to investors, Helfstein says he views Baidu's core valuation as attractive.
11/21/19
MACQ
11/21/19
INITIATION
Target $134
MACQ
Neutral
Baidu initiated with a Neutral at Macquarie
Macquarie initiated coverage of Baidu with a Neutral rating and $134 price target.
12/04/19
LOOP
12/04/19
NO CHANGE
Target $125
LOOP
Hold
Baidu price target raised to $125 from $110 at Loop Capital
Loop Capital analyst Rob Sanderson raised his price target on Baidu to $125, rolling forward his expected earnings valuation model to 2021. The analyst also raises his assumed earnings multiple to 8.5-times from 7.0-times to reflect the company's signs of improvement and acceleration in core revenue growth. Sanderson keeps his Hold rating however, stating that Baidu's "considerable value in emerging AI opportunities" will not be reflected in valuation until these initiatives show a concrete path to profit contribution.
01/10/20
LEHM
01/10/20
NO CHANGE
Target $150
LEHM
Equal Weight
Baidu price target raised to $150 from $140 at Barclays
Barclays analyst Gregory Zhao raised his price target for Baidu to $150 from $140 while keeping an Equal Weight rating on the shares. Baidu was an industry laggard in 2019, but investor interest has increased over the last week, Zhao tells investors in a research note. The Street seems to be looking for a turnaround in China's online advertising market in 2020 and expects Baidu core to gradually recover from the trough in Q3, adds the analyst. His primary concern with China's online ads market is the ads inventory supply and pricing trend in 2020, which he notes is still controlled by TikTok.

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JPMorgan

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Bank of America

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CEL

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  • 30

    Jan

LIZI

Lizhi

$11.72

(0.00%)

, DNK

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$13.50

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TLGT

Teligent

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  • 24

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AYTU

Aytu BioScience

$0.80

0.0014 (0.18%)

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  • 24

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DVA

DaVita

$79.45

0.43 (0.54%)

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  • 23

    Jan

TSM

TSMC

$58.58

-0.18 (-0.31%)

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KKR

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$31.20

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, APO

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BX

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CG

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HLNE

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SPOT

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BYND

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IEF

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$111.28

-0.13 (-0.12%)

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-0.005 (-0.01%)

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$331.98

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$16.82

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UBSFY

Ubisoft

$0.00

(0.00%)

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IMVT

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17:27
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