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Fly News Breaks for October 1, 2019
Oct 1, 2019 | 08:11 EDT
Needham analyst Brad Erickson lowered his price target on Angi Homeservices to $11, saying the company's Nextdoor traffic deal looks like a "band-aid" amid "bleeding sentiment" and indications of more competitive pressure from Google (GOOGL) in the home services vertical. The analyst also lowers his FY20 EBITDA view to $251.6M from $258M on expectation of higher projected traffic spending, but keeps his Buy rating on the stock to reflect the continued strong monetization of HomeAdvisor.
News For ANGI;GOOG;GOOGL;IAC From the Last 2 Days
Nov 12, 2019 | 12:45 EDT
NEW RELEASES: This week's major release in Nintendo's (NTDOY) "Pokemon Sword and Shield," the latest in the decades-long "Pokemon" franchise. The games roll... To see the rest of the story go to See Story Here
Nov 12, 2019 | 06:20 EST
Google has been quietly working with the second-largest health system in the U.S. on a healthcare data project, Business Insider's Lydia Ramsey and Alexandra Ma report. According to internal documents reviewed by Business Insider, Project Nightingale is a plan to move data from healthcare system Ascension, and then build an electronic health records search tool. Reference Link
Nov 11, 2019 | 16:31 EDT
Stocks were generally lower in a day marked by lower trading volumes as bond market were closed for the Veteran's Day holiday. While the S&P... To see the rest of the story go to See Story Here
Nov 11, 2019 | 13:13 EST
In a blog post, Google (GOOG) unveiled its lineup of games that will be available on its Stadia video game streaming service on its November 19 launch date. The twelve game's available on day one will be Ubisoft's (UBSFY) "Assassin's Creed Odyssey," Bungie's "Destiny 2: The Collection," Tequila Works' "Gylt," Ubisoft's "Just Dance 2020," Gwen Frey's "Kine," Warner Bros.' (T) "Mortal Kombat 11," Take-Two's (TTWO) "Red Dead Redemption 2," Drool's "Thumper," Square Enix's "Tomb Raider: Definitive Edition," "Rise of the Tomb Raider," and "Shadow of the Tomb Raider," and SNK's "Samurai Shodown." Stadia noted that other games coming to the service in 2019 include Take-Two's "Borderlands 3" and "NBA 2K20," Bandai Namco's "Dragon Ball Xenoverse 2," Square Enix's "Final Fantasy XV," Ubisoft's "Ghost Recon Breakpoint," and Bethesda's "Rage 2," and "Wolfenstein: Youngblood." Reference Link
Nov 11, 2019 | 08:34 EST
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.
Nov 11, 2019 | 08:30 EST
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.