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Fly News Breaks for February 7, 2020
Feb 7, 2020 | 08:53 EDT
MKM Partners analyst Rohit Kulkarni raised his price target on Pinterest to $29 after its strong Q4 results and better than expected guidance for FY20. The analyst still keeps his Neutral rating on Pinterest given the management's plans for 2020 as an "investment year" by indicating that they will reinvest the surplus positive EBITDA into R&D and sales.
News For PINS From the Last 2 Days
Dec 2, 2021 | 10:33 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. PIPER UPS OKTA... To see the rest of the story go to See Story Here
Dec 2, 2021 | 11:23 EST
Internet Analysts Walmsley & Madhukar discuss their initiation of the Internet Industry including UBER, LYFT, SNAP, GOOGL, AMZN, BKNG, FB, FTCH, EBAY, TRVG, SFIX, TRIP, DSP, MYTE, DASH, TWTR, REAL, EXPE, PINS, WISH, ABNB and ETSY on an Analyst/Industry conference call to be held on December 2 at 12 pm.
Dec 2, 2021 | 10:04 EST
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. ContextLogic (WISH) downgraded to Neutral from Buy at UBS with analyst Kunal Madhukar estimating that the company continues to see revenue declines. 2. Hibbett Sports (HIBB) downgraded to Neutral from Buy at BofA with analyst Alexander Perry expecting lower consumer demand beginning in the January quarter as Hibbett "begins to lap significant consumer stimulus" compares. 3. (AI) downgraded to Underperform from Neutral at BofA with analyst Brad Sills saying he is encouraged by the move to non-cancellable RPO, which should provide some revenue visibility, as well as the commentary suggesting meaningful pipeline builds for joint solutions with Google (GOOGL) and Microsoft (MSFT), but thinks that near-term uncertainty introduced by execution challenges and the departure of CFO David Barter are likely to be an overhang on the shares. 4. Choice Hotels (CHH) downgraded to Hold from Buy at Loop Capital with analyst Daniel Adam saying the analyst is "generally constructive" on global lodging trends heading into 2022, but is not forecasting a return to 2019 RevPAR levels until 2023, at the earliest. 5. Pinterest (PINS) downgraded to Neutral from Buy at UBS with analyst Lloyd Walmsley saying his estimates are below consensus on Pinterest revenue and user growth due to evidence of continued app usage declines, "deteriorating" advertising checks and a "suspect product pivot." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.