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Analyst Updates on Alibaba Group Holding Ltd (BABA) and Netflix, Inc. (NFLX)

Analyst Updates on Alibaba Group Holding Ltd (BABA) and Netflix, Inc. (NFLX)

October 20, 2015 at 8:32 pm

Credit Suisse remains constructive on Alibaba Group Holding Ltd (NYSE:BABA), but never mind, its cutting its price target and EPS estimates for the company. Because of economic cold in China, Credit Suisse has become more conservative about GMV growth in fiscal 2016 and 2017. As such, it has lowered itsRead More

JPMorgan cites favorable valuation in upgrading Box Inc (BOX) to Overweight; Benchmark Positive on Zynga Inc (ZNGA)

JPMorgan cites favorable valuation in upgrading Box Inc (BOX) to Overweight; Benchmark Positive on Zynga Inc (ZNGA)

October 20, 2015 at 8:31 pm

From Benchmark’s assessment of Zynga Inc (NASDAQ:ZNGA), the stock features a favorable risk/reward standing. Some of the favorable things that Benchmark has noted in Znyga include strong balance sheet, cost curtailment efforts, mobile growth, recent product launches and strong pipeline. Bookings stability is another strength that Benchmark sees in Zynga.Read More

JMP downgrades Twitter (TWTR) over weak engagement growth; Piper Jaffray cites key catalysts for Facebook shares

JMP downgrades Twitter (TWTR) over weak engagement growth; Piper Jaffray cites key catalysts for Facebook shares

October 20, 2015 at 8:23 pm

Twitter Inc (NASDAQ:TWTR) has had its stock rating reduced to Market Perform from Market Outperform at JMP. The main reason JMP took the action on Twitter is that it believes engagement growth on the platform will trail industry peers, thus adversely impacting monetization. Although JMP acknowledges that Twitter is making effortsRead More

Why Nomura is more optimistic on AT&T Inc. (T) than Verizon Communications Inc. (VZ)

October 20, 2015 at 8:22 pm

Nomura sees multiple positives in AT&T Inc. (NYSE:T), which is why it has initiated coverage of the carrier with a Buy rating and 12-month price target of $39. Among other things, Nomura sees compelling synergies for AT&T from the acquisition of DirecTV (NASDAQ:DTV). For example, Nomura notes that DirecTV willRead More

Goldman explains its confidence in Amazon.com, Inc. (AMZN)

Goldman explains its confidence in Amazon.com, Inc. (AMZN)

October 20, 2015 at 8:22 pm

Amazon.com, Inc. (NASDAQ:AMZN)’s 3Q2015 results could reflect how the company’s ongoing investment in delivery infrastructure is paying off, according to Goldman Sachs. Amazon Web Services (AWS) is another growth business that is likely to register strong gain in the coming report. Goldman estimates that Amazon.com will report revenue of $25.5Read More

Ocwen Financial Corp (OCN) Tumbles 23%

October 19, 2015 at 12:11 pm

Ocwen Financial Corp (NYSE:OCN) tumbled to a new 2-year low after the company confirmed that its executive chairman, William Erbey, will resign as part of a legal settlement with New York’s financial regulator. Shares are down 22.97% at $16.87, and earlier touched $16.71 – its lowest since April 2012. Erbey is expectedRead More