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Fly News Breaks for October 11, 2019
SQ, TWLO, DAVA, PTON, GRWG
Oct 11, 2019 | 10:16 EDT
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Square (SQ) initiated with a Reduce rating at Nomura Instinet. 2. Twilio (TWLO) initiated with an Outperform at RBC Capital. 3. Endava (DAVA) initiated with a Neutral at Cantor Fitzgerald. 4. Peloton (PTON) initiated with a Neutral rating at MKM Partners. 5. Grow Generation (GRWG) initiated with a Buy at Roth Capital. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
News For SQ;TWLO;DAVA;PTON;GRWG From the Last 2 Days
SQ
Feb 24, 2020 | 07:08 EST
KeyBanc analyst Josh Beck notes that the Wall Street Journal reported that Intuit (INTU) is nearing a deal to buy Credit Karma for $7B, which he believes illustrates the rising importance of FinApps, a theme that he thinks was also underscored by Visa's (V) $5B purchase of Plaid, as well as Square (SQ)/Cash and PayPal (PYPL)/Venmo initiatives. Strategic rationale behind a Intuit/Turbotax and Credit Karma combination could offer significant data advantages, customer scale, and engagement benefits, while potentially providing a launching pad for future innovative financial services, he adds. Beck acknowledges that he is not familiar with current Credit Karma financials, but provided that it is a well-known brand that we believe could drive organic customer acquisition and sizeable ARPU potential, the profitability could be higher than typical private technology companies.