Check out today's top analyst calls from around Wall Street, compiled by The Fly.
BUY ROKU: Evercore ISI analyst Mark Mahaney initiated coverage of Roku (ROKU) with an Outperform rating and $400 price target. He views Roku as "one of the best-positioned assets" to benefit from the shift of linear TV advertising dollars to over-the-top and connected TV models, and cites its leadership position in long-form ad-supported video streaming, audience size, and product quality.
Mahaney also assumed coverage of
MORE POTENTIAL FOR 'V-SHAPED' RECOVERY: Atlantic Equities analyst Edward Lewis initiated coverage of Starbucks (SBUX) with an Overweight rating and $128 price target. Starbucks, with more "skin in the game" as largely an operator and not a franchisor, offers more potential for a "V- shaped" recovery in fiscal years 2021 and 2022, argued Lewis, who also thinks the company's s trade-area transformation program supports improved returns.
ON THE SIDELINES: Atlantic Equities analyst Edward Lewis initiated coverage of McDonald's (MCD) with a Neutral rating and $237 price target. While he thinks the company has "navigated the past 12 months admirably," he does not think McDonald's offers the same type of scope for improved returns in the near-term as his preferred names in the space, namely Starbucks and Yum China (YUMC). The analyst also started coverage of Yum! Brands (YUM) with a Neutral rating and $118 price target, and Yum China with an Overweight rating and $72 price target.
FOREFRONT OF MEGATRENDS: Credit Suisse analyst Kaumil Gajrawala initiated coverage of Peloton (PTON) with an Outperform rating and $164 price target as part of the firm's Wellness sector initiation. Peloton is at the forefront of the three "megatrends" of "more exercise, more classes, and more technology" and its total addressable market is growing, said Gajrawala, who estimates the company will have 3.1M subscribers in fiscal year 2021 and 11M by fiscal year 2025. The analyst also initiated coverage of Yeti (YETI) with an Outperform rating and a price target of $85.
LAS VEGAS RECOVERY, BOSTON GROWTH: Argus analyst John Staszak upgraded Wynn Resorts (WYNN) to Buy from Hold with a $160 price target to reflect the recovery in the company's Las Vegas business and growth in its Boston operations as more COVID vaccines are rolled out and leisure travel returns. Staszak further anticipates a recovery in Macau and the launch of its iGaming and sports betting platform in 10 U.S. states.
Roku
+18.59 (+5.67%)
Alphabet
-1.59 (-0.07%)
Alphabet
-6.71 (-0.30%)
Amazon.com
+12.08 (+0.37%)
Ticker changed to META
-0.64 (-0.21%)
Netflix
+10.99 (+2.03%)
+2.32 (+3.61%)
eBay
-1.22 (-1.92%)
Shopify
+2.07 (+0.18%)
Match Group
-0.57 (-0.40%)
Snap
+3.8 (+7.02%)
Lyft
+0.64 (+0.99%)
Uber
+1.1 (+1.92%)
Spotify
+9.085 (+3.33%)
FuboTV
-0.22 (-1.02%)
Starbucks
+0.98 (+0.88%)
McDonald's
+0.99 (+0.43%)
Yum China
+0.44 (+0.74%)
Yum! Brands
+2.22 (+2.01%)
Peloton
+1.895 (+1.74%)
Yeti
+1.63 (+2.24%)
Wynn Resorts
+4.81 (+3.67%)