|Over a week ago|
Cowen to hold a virtual summit » 10:3005/2605/26/21
M, MYTE, BBW, JWN, RVLV, REAL, POSH
2nd Annual New Retail…
2nd Annual New Retail Ecosystem CEO Virtual Summit: Innovation & Digitization will be held on May 26.
Mytheresa price target raised to $39 from $38 at JPMorgan » 07:3405/2405/24/21
JPMorgan analyst Matthew…
JPMorgan analyst Matthew Boss raised the firm's price target on Mytheresa to $39 from $38 and keeps an Overweight rating on the shares after hosting meetings with management. Management has "clear confidence" in the multi-year sustainability of the luxury consumer's online shift and the company's ability deliver 22%-25% annual revenue growth, Boss tells investors in a research note.
|Over a month ago|
Mytheresa price target raised to $42 from $37 at Morgan Stanley » 08:0505/1905/19/21
Morgan Stanley analyst…
Morgan Stanley analyst Kimberly Greenberger raised the firm's price target on Mytheresa to $42 from $37 and keeps an Overweight rating on the shares following Q3 results and a raised fiscal year outlook that she said "bolstered" her thesis. Mytheresa is showing "exceptional execution" at a time when the Covid-induced luxury shift online presented a "unique customer acquisition opportunity," argues Greenberger, who also views this shift as likely to be more durable than initially expected.
Cowen to hold a virtual summit » 08:5804/0604/06/21
FTCH, WMT, MYTE
2nd Annual Consumer…
2nd Annual Consumer Platforms for the Next Generation Virtual Summit will be held on April 6.
|Over a quarter ago|
Fly Intel: Top five weekend stock stories » 20:0103/0703/07/21
GE, AER, MSFT, NHIC, LOW, DIS, MYTE, VRTX, AVGO, CSCO, QCOM, TXN
Catch up on the…
Catch up on the weekend's top five stories with this list compiled by The Fly: 1. General Electric (GE) is nearing a $30B-plus deal to combine its aircraft-leasing business with Ireland's AerCap (AER), The Wall Street Journal's Cara Lombardo and Emily Glazer reported, citing people familiar with the matter. Though details of how the deal would be structured couldn't be learned, it is expected to have a valuation of more than $30B, some of the people said. An announcement is expected Monday, assuming the talks don't fall apart, the authors added. 2. Evolv Technology is combining with a special-purpose acquisition company to go public in a deal that values the crowd-safety company at about $1.7B, The Wall Street Journal's Amrith Ramkumar reported. Backed by investors including Microsoft (MSFT) co-founder Bill Gates and former Florida Gov. Jeb Bush, Evolv is merging with the SPAC NewHold Investment Corp. (NHIC), the author noted. 3. Lowe's (LOW) was a lockdown winner and investors are having second thoughts about its stock now that reopening looms, but Lowe's is far more than just a COVID-19 play, Teresa Rivas wrote in this week's edition of Barron's. Concerns are probably overblown and with COVID receding, Lowe's is set to become a more profitable company, while housing might be more resilient than it's given credit for, the author contended. 4. Disney's (DIS) "Raya and the Last Dragon" easily won the weekend box office, the biggest since pandemic shut down theaters as New York City was finally allowed to reopen at 25% capacity. The movie sports an A CinemaScore and took in an estimated $8.6M in its North American debut. Overseas, "Raya and the Last Dragon" earned $17.6M from 32 markets for a global total of $26.2M. 5. Mytheresa (MYTE), Vertex Pharmaceuticals (VRTX), Broadcom (AVGO), Cisco (CSCO), Qualcomm (QCOM) and Texas Instruments (TXN) saw positive mentions in this week's edition of Barron's.
MyTheresa stock might be cheapest thing it sells, Barron's says » 12:0103/0603/06/21
Mytheresa stock -…
Mytheresa stock - technically an American depositary share of parent company MYT Netherlands Parent - was recently trading just below its $26 initial-public-offering price after having jumped to $36 shortly after the debut, Nicholas Jasinski writes in this week's edition of Barron's. The stock could recover those losses and more in the coming months, the author contends, noting that while luxury buyer might have been slower to adopt e-commerce, the overall luxury market is growing by about 7% annually. Reference Link
Fly Intel: Top five analyst initiations » 09:5302/1602/16/21
BEAM, CURI, LOTZ, CRWD, MYTE
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Beam Therapeutics (BEAM) initiated with an Overweight at Wells Fargo. 2. CuriosityStream (CURI) initiated with a Buy at Roth Capital. 3. CarLotz (LOTZ) initiated with an Outperform at William Blair. 4. Crowdstrike (CRWD) initiated with a Buy at Canaccord. 5. Mytheresa (MYTE) initiated with an Outperform at Cowen and Credit Suisse, initiated with an Overweight at JPMorgan and Morgan Stanley, and initiated with a Buy at Jefferies. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Mytheresa initiated with a Buy at Jefferies » 07:4702/1602/16/21
Jefferies analyst Flavio…
Jefferies analyst Flavio Cereda initiated coverage of Mytheresa with a Buy rating and $37 price target. The company is "the only pure Luxury multibrand digital platform currently listed" on the NYSE in a a segment of the sector that has "high barriers to entry and is a de facto oligopoly," Cereda tells investors. He sees Mytheresa being set to deliver compound annual revenue growth of 20%+ with "stable margins," Cereda added.
Mytheresa initiated with an Outperform at Credit Suisse » 06:5702/1602/16/21
Credit Suisse analyst…
Credit Suisse analyst Michael Binetti initiated coverage of Mytheresa with an Outperform rating and $39 price target. Mytheresa is a Germany-based global digital luxury retailer selling the highest-priced products from greater than 200 top luxury brands to top-tier wealthy consumers, Binetti tells investors in a research note. The company has a small base of customers today at 568,000, but active customers are growing at the top of the digital retail peer group range, says the analyst. He sees the stock outperforming given the strong global luxury growth, the shift to digital channels and a "passionate" customer base.
Mytheresa initiated with an Overweight at Morgan Stanley » 06:3802/1602/16/21
Morgan Stanley analyst…
Morgan Stanley analyst Kimberly Greenberger initiated coverage of Mytheresa with an Overweight rating and $37 price target. Luxury e-commerce is "one of the most attractive high-growth Softlines sub-segments," said Greenberger, who is constructive on the company's carefully edited product selection and loyal customer base of everyday luxury shoppers. She forecasts revenue growth for Mytheresa at least in-line with the "attractive" 23% 2014-25 compound annual growth rate she sees for the overall luxury e-commerce market, the analyst tells investors.