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Fly News Breaks for February 6, 2020
Feb 6, 2020 | 05:45 EDT
Nomura Instinet analyst Mark Kelley raised his price target for Match Group (MTCH) to $86 from $81 saying a large market opportunity remains for the company despite its "hiccup" in Q4. Match reported Q4 revenue below expectations, due to increased Tinder churn from the new iOS 13 cancellation flow, which was amplified as Apple (AAPL) forced users to upgrade in late December, Kelley tells investors in a post-earnings research note. However, the non-Tinder brands remain a focus and are expected to contribute to revenue growth, especially at Hinge, which is expected to be near breakeven in 2020, adds the analyst. He believes Match's iOS cancellation issues will abate and that estimates have upside as we progress throughout the year.
News For MTCH;AAPL From the Last 2 Days
Oct 20, 2020 | 13:29 EDT
Netflix (NFLX) is scheduled to report results of its third fiscal quarter after market close on Tuesday, October 20. A video interview... To see the rest of the story go to See Story Here
Oct 20, 2020 | 06:29 EDT
According to analyst Ming-Chi Kuo, iPhone 12 preorders are double those of the iPhone 11, 9to5Mac's Ben Lovejoy reports. Apple is said to have sold between 1.7 million and 2 million units of the iPhone 12 in its first 24 hours of preorder availability, compared to a 500,000 to 800,000 range for the iPhone 11. In terms of the split between the iPhone 12 and iPhone 12 Pro, Kuo estimates that demand for the more expensive model is higher than expected. Reference Link