|Over a week ago|
Fly Intel: Top five analyst initiations » 09:5410/1810/18/21
FRSH, RELY, TOST, OLED, ARBK
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Freshworks (FRSH) initiated with a Buy at Needham, Canaccord, and Needham, initiated with an Outperform at Oppenheimer, Baird, and JMP Securities, initiated with an Overweight at Piper Sandler, JPMorgan, initiated with an Equal Weight at Barclays, initiated with a Market Perform at Raymond James, an Equal Weight at Morgan Stanley and a Neutral at BofA. 2. Remitly Global (RELY) initiated with a Buy at Goldman Sachs and Citi, initiated with an Overweight at Barclays and JPMorgan, initiated with an Outperform at William Blair and initiated with a Peer Perform at Wolfe Research. 3. Toast (TOST) initiated with a Buy at Needham and Canaccord, initiated with an Overweight at Piper Sandler and KeyBanc, initiated with an Outperform at William Blair, initiated with a Neutral at Goldman Sachs, and JPMorgan and initiated with an Equal Weight at Morgan Stanley. 4. Universal Display (OLED) initiated with a Buy at BofA. 5. Argo Blockchain (ARBK) initiated with a Buy at Compass Point, Canaccord, Jefferies and with an Overweight at Barclays. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Argo Blockchain initiated with a Buy at Compass Point » 07:5010/1810/18/21
Compass Point analyst…
Compass Point analyst Giuliano Bologna initiated coverage of Argo Blockchain with a Buy rating and $21 price target. The crypto miner has "significant growth potential" as it builds out a Texas mining facility to about 200MW of power capacity by the end of FY22 with future upside to 800 MW, said Bologna, who believes Argo is well positioned based on the company's current miner order book and delivery schedule. Bologna estimates the company will reach 3.7 exahash per second, or EH/s, by year-end 2022.
Argo Blockchain initiated with a Buy at Canaccord » 07:0710/1810/18/21
Canaccord analyst Joseph…
Canaccord analyst Joseph Vafi initiated coverage of Argo Blockchain with a Buy rating and $24 price target. After adding 600 petahash of new, hydro-driven mining capacity in Quebec during Q2, all the pieces are coming together for the company to further, materially expand its hash rate capacity in 2022, leveraging 200MW of cheap, Texas wind power and recently placed orders for new Bitcoin miners, Vafi tells investors in a research note. At full capacity, the 200MW of Texas wind power could drive a multifold increase in Argo's mining capacity and do so using green, renewable energy procured at ~$0.02 per kWh, the analyst adds.
Argo Blockchain initiated with a Buy at Canaccord » 07:0110/1810/18/21
Canaccord analyst Joseph…
Canaccord analyst Joseph Vafi initiated coverage of Argo Blockchain with a Buy rating and $24 price target.
Argo Blockchain initiated with a Buy at Jefferies » 06:0210/1810/18/21
Jefferies analyst Jonathan Petersen initiated coverage of Argo Blockchain with a Buy rating and $30 price target. The analyst expects the company o increase its market share of the global bitcoin mining market to 1.8% by the end of 2022, from 0.7% today, which should drive a three-times increase in its revenue run-rate. In addition, Argo's focus on sustainable energy and DeFi investments differentiate the company versus peers, Petersen tells investors in a research note.
Argo Blockchain initiated with an Overweight at Barclays » 05:5410/1810/18/21
Barclays analyst Ramsey…
Barclays analyst Ramsey El-Assal initiated coverage of Argo Blockchain with an Overweight rating and $22 price target. The analyst sees the company as a way to "lever exposure to bitcoin, an asset that continues to gain in popularity." He sees near-term catalysts as Argo aunches a large new mining facility in West Texas, which is expected to expand megawatt capacity by five-times, thereby boosting production, driving scale, and enhancing margins.
Opening Day: GitLab jumps in Nasdaq debut as IHS opens well below IPO price » 08:1210/1610/16/21
MSFT, FNA, INKT, GTLB, IHS, LUCD, CLST, HCTI, AVDX, HLTH, CWAN, ARBK, BRLT, SOVO, STER, THRN, ESMT, RELY, WRBY, JUNS, MDXH, LVLU, QNIU, AUTH, PTLO, AMZN, F, WCGC
Shares of GitLab jumped…
|Over a month ago|
Opening Day: Toast surges in trading debut, Argo gets cool reception » 08:2209/2509/25/21
HLTH, CWAN, ARBK, BRLT, SOVO, THRN, ESMT, RELY, FRSH, TOST, AKA, VBNK, QNIU, SCAN, AUTH, WRBY, ALVU, BIRD, GTLB, KETR, ARIS, LUCD, PAVM, AMZN, F, BABA, TPX, CSPR
Shares of Toast soared…
Argo Blockchain opens at $15.01, IPO priced at $15 per ADS » 12:1909/2309/23/21
Argo Blockchain (ARBK)…
Argo Blockchain (ARBK) priced 7.5M American Depositary Shares at $15.00. Jefferies and Barclays acted as joint book running managers for the offering. Argo Blockchain, which is headquartered in London, UK and has its shares listed on the Main Market of the London Stock Exchange, identifies itself as "a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy."
Argo Blockchain 7.5M share IPO priced at $15.00 » 07:5709/2309/23/21
Jefferies and Barclays…
Jefferies and Barclays acted as joint book running managers for the offering.