Pinterest plunges after earnings but Wall Street analysts are sticking with the stock

Wall Street analysts are sticking with Pinterest despite a very rocky first earnings report Thursday after the bell. Analysts at UBS noted Pinterest is in a, “unique position,” in its space and reiterated its confidence in the company’s ability to execute over the long haul. “While its initial earnings report & forward commentary were roughly inline with Street estimates, we still see signs that PINS long-term narrative is solidly intact,” wrote UBS analyst Eric Sheridan in his recap not to clie


Wall Street analysts are sticking with Pinterest despite a very rocky first earnings report Thursday after the bell. Analysts at UBS noted Pinterest is in a, “unique position,” in its space and reiterated its confidence in the company’s ability to execute over the long haul. “While its initial earnings report & forward commentary were roughly inline with Street estimates, we still see signs that PINS long-term narrative is solidly intact,” wrote UBS analyst Eric Sheridan in his recap not to clie
Pinterest plunges after earnings but Wall Street analysts are sticking with the stock Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: michael bloom
Keywords: news, cnbc, companies, plunges, analyst, ubs, stock, street, pinterest, wall, analysts, report, intact, view, trading, earnings, wasnt, sticking


Pinterest plunges after earnings but Wall Street analysts are sticking with the stock

Wall Street analysts are sticking with Pinterest despite a very rocky first earnings report Thursday after the bell. The social media platform posted a much bigger loss than many expected.

Most analysts feel the social media company, which went public last month, is on the right track and said to use the pullback as an opportunity to buy the shares.

“The stock could remain volatile near term, but management laid out a compelling roadmap that should ensure ongoing strong revenue growth and a route to attractive profitability over the medium term,” Atlantic Equities analyst James Cordwell said.

Shares plunged 15% in premarket trading Friday to $25.79, still above the stock’s $19 IPO price but just around its closing price on its first day of trading of $24.40.

The negative earnings headlines were mostly, “noise,” according to Baird analysts.

“Overall, fundamentals are intact, and we view significant near-term weakness as an attractive buying opportunity,” analyst Colin Sebastian said.

Analysts at UBS noted Pinterest is in a, “unique position,” in its space and reiterated its confidence in the company’s ability to execute over the long haul.

“While its initial earnings report & forward commentary were roughly inline with Street estimates, we still see signs that PINS long-term narrative is solidly intact,” wrote UBS analyst Eric Sheridan in his recap not to clients.

One analyst admitted the earnings report wasn’t great but wasn’t backing down from his buy rating.

“Though the headline outlook may have missed the mark, we believe expectations have been broadly reset for the rest of the year and our view on the long-term drivers of the business remain intact (and actually pulled in a bit),” Nomura analyst Mark Kelley said.

Here are what the major analysts are saying about Pinterest earnings:


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: michael bloom
Keywords: news, cnbc, companies, plunges, analyst, ubs, stock, street, pinterest, wall, analysts, report, intact, view, trading, earnings, wasnt, sticking


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US-China trade war worries caused analysts to bail on these stocks

The ramifications of the U.S.-China trade war are being felt far and wide. Now, the dispute is causing Wall Street analysts to take drastic measures and remove their buy ratings on stocks in their coverage universes. They include stocks like Owens Corning, American Eagle, Melco Resorts, Duke Realty, G-III, Steven Madden and China Southern Airlines. This week Piper Jaffray decided it had seen enough and downgraded Steven Madden and G-III Apparel over the dispute. The feeling was mutual over at We


The ramifications of the U.S.-China trade war are being felt far and wide. Now, the dispute is causing Wall Street analysts to take drastic measures and remove their buy ratings on stocks in their coverage universes. They include stocks like Owens Corning, American Eagle, Melco Resorts, Duke Realty, G-III, Steven Madden and China Southern Airlines. This week Piper Jaffray decided it had seen enough and downgraded Steven Madden and G-III Apparel over the dispute. The feeling was mutual over at We
US-China trade war worries caused analysts to bail on these stocks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: michael bloom
Keywords: news, cnbc, companies, tariff, trade, worries, madden, stocks, wide, week, uschina, american, caused, bail, analysts, eagle, giii, war


US-China trade war worries caused analysts to bail on these stocks

The ramifications of the U.S.-China trade war are being felt far and wide. Now, the dispute is causing Wall Street analysts to take drastic measures and remove their buy ratings on stocks in their coverage universes.

Companies feeling the heat cover a wide range of sectors and it appears almost no one is being spared. They include stocks like Owens Corning, American Eagle, Melco Resorts, Duke Realty, G-III, Steven Madden and China Southern Airlines.

While the S&P 500 hit an all-time closing high in April, it’s now down more than 2% this month due to the ongoing trade escalation.

The retail sector is one group widely believed to be among the most vulnerable to tariffs, according to many analysts.

This week Piper Jaffray decided it had seen enough and downgraded Steven Madden and G-III Apparel over the dispute. “We are downgrading SHOO & GIII from OW to Neutral as tariff rhetoric accelerates across our group weighing on names that have large U.S. businesses & a disproportionate share of production in China,” analyst Erinn Murphy said.

“Even if there is tariff relief in the next month–we are not certain we’ll see a full recovery of the multiples,” she said.

Steven Madden is down more than 2% while G-III has fallen more than 13% this week.

The feeling was mutual over at Wedbush where analyst Jen Redding downgraded American Eagle Outfitters.

“Although we continue to remain bullish on American Eagle over the long term, we now have less conviction in runway for shares as we approach our price target in what we view as an increasingly volatile retail environment, until investor visibility into a US-China trade settlement improves, and are stepping to the sidelines for now,” she said.

Shares are down more than 6% this week.


Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: michael bloom
Keywords: news, cnbc, companies, tariff, trade, worries, madden, stocks, wide, week, uschina, american, caused, bail, analysts, eagle, giii, war


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Wall Street analysts are sticking by these stocks hit hard by the trade war

The Dow dropped a s much 719 points on Monday as the trade war continued its escalation but is higher in early trading on Tuesday. CNBC did a deep dive through sell-side stock research since the trade war escalated to find companies that analysts are singling out in their respective coverage universes. Wall Street analysts aren’t backing down from their buy ratings on stocks that have been hit hard in the latest trade battle between the U.S. and China. Wall Street will be watching Alibaba’s earn


The Dow dropped a s much 719 points on Monday as the trade war continued its escalation but is higher in early trading on Tuesday. CNBC did a deep dive through sell-side stock research since the trade war escalated to find companies that analysts are singling out in their respective coverage universes. Wall Street analysts aren’t backing down from their buy ratings on stocks that have been hit hard in the latest trade battle between the U.S. and China. Wall Street will be watching Alibaba’s earn
Wall Street analysts are sticking by these stocks hit hard by the trade war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: michael bloom
Keywords: news, cnbc, companies, war, sticking, buy, analysts, wall, earnings, trade, hard, street, tariffs, services, hit, chinese, china, company, stocks


Wall Street analysts are sticking by these stocks hit hard by the trade war

Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 26, 2018.

The Dow dropped a s much 719 points on Monday as the trade war continued its escalation but is higher in early trading on Tuesday.

CNBC did a deep dive through sell-side stock research since the trade war escalated to find companies that analysts are singling out in their respective coverage universes.

Wall Street analysts aren’t backing down from their buy ratings on stocks that have been hit hard in the latest trade battle between the U.S. and China. While the two countries continue slapping tariffs on each other, many analysts say clients should use the market weakness as a time to buy these beaten down shares because the risks are overblown.

Wall Street will be watching Alibaba’s earnings report on Wednesday for any signs of the trade war effect on the Chinese e-commerce giant.

The most recent actions by the White House have brought “greater uncertainty,” to the company, but SunTrust analysts are sticking with their buy rated call. “The latest data out of National Bureau of Statistics of China suggests that the macro environment has been improving, a positive for Chinese consumption, and for BABA in particular,” analyst Youssef Squali said.

“Long term we view BABA as a winner considering 1) its dominance of the Chinese ecom. mkt and the insatiable appetite for China’s growing middle class, 2) it’s a 25%+ compounder over the next 5 yrs (our ests), and 3) its portfolio of strategic invests,” he added.

Shares of the company are down 4% over the last week.

Apple has also been hit hard by the ongoing trade uncertainty, but Wedbush analysts say things might not be as bad as they appear.

“That said, for Apple in particular we believe the way things stand today the bark will be worse than the bite for Cupertino around China headwinds and we would be buyers of the name on weakness,” said analyst Dan Ives who’s keeping his outperform rating on the stock.

Apple, which was the worst performer on the Dow on Monday, is down more than 8% over the last week.

Despite the trade dispute, Credit Suisse analysts are not backing down from their calls on some business services stocks.

Alarm.com, provides cloud services for remote control home monitoring services and has an outperform rating at the firm.

The company recently reported earnings and stated that tariffs were indeed having an effect.

“ALRM highlighted on its most recent earnings call that higher tariffs have modestly impacted hardware sales,” analyst Kevin McVeigh said.

The stock is down more than 15% over the last week.

Here are other buy-rated stocks analysts are sticking by in the trade war:


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: michael bloom
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Here are the biggest analyst calls of the day: Coca-Cola, Deere, Tyson Foods, & more

Morgan Stanley upgraded Coca-Cola to ‘overweight’ from ‘equal-weight’Morgan Stanley said the beverage giant’s growth prospects are not reflected in the current valuation. “We believe Coke has morphed into a structurally higher topline growth company vs. CPG peers. Surprisingly, despite clear historical proof, this is not being recognized in valuation at what we see as an unfair discount to peers. Second, Coke’s more modest recent topline growth rebound than mega-cap peers is more than explained


Morgan Stanley upgraded Coca-Cola to ‘overweight’ from ‘equal-weight’Morgan Stanley said the beverage giant’s growth prospects are not reflected in the current valuation. “We believe Coke has morphed into a structurally higher topline growth company vs. CPG peers. Surprisingly, despite clear historical proof, this is not being recognized in valuation at what we see as an unfair discount to peers. Second, Coke’s more modest recent topline growth rebound than mega-cap peers is more than explained
Here are the biggest analyst calls of the day: Coca-Cola, Deere, Tyson Foods, & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: michael bloom
Keywords: news, cnbc, companies, foods, calls, day, deere, analyst, topline, vs, tyson, megacap, cocacola, rebounding, minds, lt, biggest, valuation, growth, peers, stanley


Here are the biggest analyst calls of the day: Coca-Cola, Deere, Tyson Foods, & more

Morgan Stanley upgraded Coca-Cola to ‘overweight’ from ‘equal-weight’

Morgan Stanley said the beverage giant’s growth prospects are not reflected in the current valuation.

“We believe Coke has morphed into a structurally higher topline growth company vs. CPG peers. Surprisingly, despite clear historical proof, this is not being recognized in valuation at what we see as an unfair discount to peers. While the market has compressed Coke’s relative multiple vs. peers recently after below consensus 2019 EPS guidance and with short-term topline growth rebounding to a greater extent at mega-cap peers, this provides a compelling buying opportunity in our minds. First, below consensus 2019 guidance was due to FX or below the profit line items that in our minds should have little valuation impact. Second, Coke’s more modest recent topline growth rebound than mega-cap peers is more than explained by comparisons, with two yr avg KO underlying sales growth actually accelerating. We see higher LT topline growth at Coke than peers as comparisons normalize, with our raised ~5% LT topline growth forecast today (from 4%) due to our analysis of building pricing power, the benefit from favorable strategy changes, and rebounding CPG emerging markets trends. ”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: michael bloom
Keywords: news, cnbc, companies, foods, calls, day, deere, analyst, topline, vs, tyson, megacap, cocacola, rebounding, minds, lt, biggest, valuation, growth, peers, stanley


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Here’s what Wall Street thinks of the unfolding trade deal drama: ‘Potential for a bear market’

In a note to clients, Bank of America outlined three trade scenarios and its implications for the broader market. “The worst-case scenario: an all-out trade war, with tariffs on the remaining Chinese goods, retaliation from China, and an increased risk of auto tariffs that could push the global economy into recession,” wrote Savita Subramanian. “Under a deal, we expect the S&P 500 could rally above 3000 near-term…while under a full-fledged trade war, the S&P 500 could pull back 5-10% near-term


In a note to clients, Bank of America outlined three trade scenarios and its implications for the broader market. “The worst-case scenario: an all-out trade war, with tariffs on the remaining Chinese goods, retaliation from China, and an increased risk of auto tariffs that could push the global economy into recession,” wrote Savita Subramanian. “Under a deal, we expect the S&P 500 could rally above 3000 near-term…while under a full-fledged trade war, the S&P 500 could pull back 5-10% near-term
Here’s what Wall Street thinks of the unfolding trade deal drama: ‘Potential for a bear market’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-10  Authors: michael bloom, carlos barria
Keywords: news, cnbc, companies, street, drama, wall, china, war, expect, trump, tariffs, potential, market, trade, sp, marketthe, thinks, unfolding, bank, deal, heres


Here's what Wall Street thinks of the unfolding trade deal drama: 'Potential for a bear market'

In a note to clients, Bank of America outlined three trade scenarios and its implications for the broader market.

“The worst-case scenario: an all-out trade war, with tariffs on the remaining Chinese goods, retaliation from China, and an increased risk of auto tariffs that could push the global economy into recession,” wrote Savita Subramanian.

“Under a deal, we expect the S&P 500 could rally above 3000 near-term…while under a full-fledged trade war, the S&P 500 could pull back 5-10% near-term, with potential to enter a bear market.”

“The next focal point for markets will be whether we see Trump and Liu actually meet. As mentioned, a potential release valve for sentiment would be if Trump and Xi speak on the phone following Liu’s visit,” Deutsche Bank said.

“We expect China to hike retaliatory tariffs, and the US to begin the process of imposing tariffs on all other imports from China, but further US tariff increases are still unlikely in our view and would likely take a couple months to implement,” said Goldman Sachs chief economist Jan Hatzius.


Company: cnbc, Activity: cnbc, Date: 2019-05-10  Authors: michael bloom, carlos barria
Keywords: news, cnbc, companies, street, drama, wall, china, war, expect, trump, tariffs, potential, market, trade, sp, marketthe, thinks, unfolding, bank, deal, heres


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Here are the biggest analyst calls of the day: Pinterest, US Steel, Mylan & more

UBS said it sees market share losses in the coming years. “We downgrade US Steel to Sell from Neutral as we estimate near-term capital investment will not reverse market share losses in the coming years. We are reducing our 2019-2021 EBITDA estimates by 31% and raising our capex estimates by 94% on average. We think the investment may only modestly reduce costs, and markets for new products may not be proven. We estimate X is pricing in EBITDA of US$94/st versus our US$82/st estimate and a US$64


UBS said it sees market share losses in the coming years. “We downgrade US Steel to Sell from Neutral as we estimate near-term capital investment will not reverse market share losses in the coming years. We are reducing our 2019-2021 EBITDA estimates by 31% and raising our capex estimates by 94% on average. We think the investment may only modestly reduce costs, and markets for new products may not be proven. We estimate X is pricing in EBITDA of US$94/st versus our US$82/st estimate and a US$64
Here are the biggest analyst calls of the day: Pinterest, US Steel, Mylan & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-08  Authors: michael bloom
Keywords: news, cnbc, companies, lab, losses, day, steel, calls, biggest, estimate, market, analyst, pinterest, versus, ubs, share, producers, mylan, result


Here are the biggest analyst calls of the day: Pinterest, US Steel, Mylan & more

UBS said it sees market share losses in the coming years.

“We downgrade US Steel to Sell from Neutral as we estimate near-term capital investment will not reverse market share losses in the coming years. Geospatial analysis conducted by UBS Evidence Lab shows planned capacity additions will result in 2.6% more domestic market coverage for electric arc furnace (EAF) producers versus 2.5% less for blast furnace (BOF) producers by 2022 (see UBS Evidence Lab inside: Is this the End Game?). We are reducing our 2019-2021 EBITDA estimates by 31% and raising our capex estimates by 94% on average. X is investing significantly in its asset base to remain competitive, but the result is negative free cash flow over three years (2019-2021 UBSe). We think the investment may only modestly reduce costs, and markets for new products may not be proven. We estimate X is pricing in EBITDA of US$94/st versus our US$82/st estimate and a US$64/st five-year average. “


Company: cnbc, Activity: cnbc, Date: 2019-05-08  Authors: michael bloom
Keywords: news, cnbc, companies, lab, losses, day, steel, calls, biggest, estimate, market, analyst, pinterest, versus, ubs, share, producers, mylan, result


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Here are the biggest analyst calls of the day: Boeing, Beyond Meat, Lululemon, Roku & more

Dennis Muilenburg, CEO of Boeing Inc. speaking at the Business Roundtable CEO Innovation Summit in Washington D.C. on Dec. 6th, 2018. Here are the biggest calls on Wall Street on Tuesday:Barclays downgraded Boeing to ‘equal weight’ from ‘overweight’Barclays said it believes that fliers will avoid the Boeing 737 Max when it’s back in service. “We expect the recovery of 737 MAX production to take longer than expected and our 2019-21 EPS & FCF forecasts are below consensus as a result. Our view is


Dennis Muilenburg, CEO of Boeing Inc. speaking at the Business Roundtable CEO Innovation Summit in Washington D.C. on Dec. 6th, 2018. Here are the biggest calls on Wall Street on Tuesday:Barclays downgraded Boeing to ‘equal weight’ from ‘overweight’Barclays said it believes that fliers will avoid the Boeing 737 Max when it’s back in service. “We expect the recovery of 737 MAX production to take longer than expected and our 2019-21 EPS & FCF forecasts are below consensus as a result. Our view is
Here are the biggest analyst calls of the day: Boeing, Beyond Meat, Lululemon, Roku & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: michael bloom
Keywords: news, cnbc, companies, roku, boeing, ceo, view, max, 737, washington, fliers, lululemon, biggest, calls, wall, weight, day, meat, avoid, analyst


Here are the biggest analyst calls of the day: Boeing, Beyond Meat, Lululemon, Roku & more

Dennis Muilenburg, CEO of Boeing Inc. speaking at the Business Roundtable CEO Innovation Summit in Washington D.C. on Dec. 6th, 2018.

Here are the biggest calls on Wall Street on Tuesday:

Barclays downgraded Boeing to ‘equal weight’ from ‘overweight’

Barclays said it believes that fliers will avoid the Boeing 737 Max when it’s back in service.

“We expect the recovery of 737 MAX production to take longer than expected and our 2019-21 EPS & FCF forecasts are below consensus as a result. Our view is informed by our survey that indicates a large portion of fliers are likely to avoid 737 MAX for an extended period beyond when the grounding is lifted.”

Read more about this call here.


Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: michael bloom
Keywords: news, cnbc, companies, roku, boeing, ceo, view, max, 737, washington, fliers, lululemon, biggest, calls, wall, weight, day, meat, avoid, analyst


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Here’s what Wall Street is saying about Trump’s tariff threat and what it means for investors

President Donald Trump and China’s President Xi Jinping meet business leaders at the Great Hall of the People in Beijing, China, November 9, 2017. Wall Street strategists urged calm after the latest threats from President Donald Trump after a series of tweets Sunday afternoon. Trump warned that tariffs on on $200 billion worth of Chinese goods could rise to 25% on Friday. Some analysts differed as to whether President Trump’s tweets were really a negotiating tactic. “The timing of the threat sug


President Donald Trump and China’s President Xi Jinping meet business leaders at the Great Hall of the People in Beijing, China, November 9, 2017. Wall Street strategists urged calm after the latest threats from President Donald Trump after a series of tweets Sunday afternoon. Trump warned that tariffs on on $200 billion worth of Chinese goods could rise to 25% on Friday. Some analysts differed as to whether President Trump’s tweets were really a negotiating tactic. “The timing of the threat sug
Here’s what Wall Street is saying about Trump’s tariff threat and what it means for investors Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: michael bloom
Keywords: news, cnbc, companies, tariff, heres, wall, trade, negotiating, street, means, investors, strategists, threat, saying, president, china, talks, trumps, tariffs, tweets, leverage, trump


Here's what Wall Street is saying about Trump's tariff threat and what it means for investors

President Donald Trump and China’s President Xi Jinping meet business leaders at the Great Hall of the People in Beijing, China, November 9, 2017.

Wall Street strategists urged calm after the latest threats from President Donald Trump after a series of tweets Sunday afternoon. Trump warned that tariffs on on $200 billion worth of Chinese goods could rise to 25% on Friday.

Stock futures are down more than 450 points.

“We think it is more likely that the increase will be narrowly avoided and believe the odds of tariffs increasing on Friday are 40%,” Goldman Sachs analysts said.

“Unless China walks away from the talks (which is not necessarily the same as Vice Premier Liu canceling his trip but rather having no talks at all), we do not expect an escalation of trade tensions into a trade war,” Citi said.

Some analysts differed as to whether President Trump’s tweets were really a negotiating tactic.

“The timing of the threat suggests it is a tactic designed to increase leverage going into final trade negotiations,” UBS said.

But Raymond James wasn’t so sure.

“Based upon our conversations with our trade contacts, there appears to be a universal belief that this is not negotiating leverage, but what was almost a done deal last week, has derailed in recent days,” wrote analyst Ed Mills in a note to clients.

Here’s what strategists say about the U.S. China tariff feud.


Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: michael bloom
Keywords: news, cnbc, companies, tariff, heres, wall, trade, negotiating, street, means, investors, strategists, threat, saying, president, china, talks, trumps, tariffs, tweets, leverage, trump


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Here are the biggest analyst calls of the day: Uber, Lyft, Walmart, Target & more

MKM downgraded EA and said it doesn’t see enough “upside” to continue rating the game maker as a buy. “We no longer see sufficient upside to justify a Buy rating. Furthermore, we are less enthusiastic about the incremental drivers in FY20 than we were two to three months ago. As a result of our higher FY20E EPS, our fair value estimate is now $100 (19x our FY20E EPS plus cash), up from our prior price target of $92. Based on our concerns and with just 6% upside potential from the current price l


MKM downgraded EA and said it doesn’t see enough “upside” to continue rating the game maker as a buy. “We no longer see sufficient upside to justify a Buy rating. Furthermore, we are less enthusiastic about the incremental drivers in FY20 than we were two to three months ago. As a result of our higher FY20E EPS, our fair value estimate is now $100 (19x our FY20E EPS plus cash), up from our prior price target of $92. Based on our concerns and with just 6% upside potential from the current price l
Here are the biggest analyst calls of the day: Uber, Lyft, Walmart, Target & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: michael bloom
Keywords: news, cnbc, companies, biggest, fy20, calls, analyst, day, eps, target, price, justify, months, upside, looking, potential, rating, lyft, view, walmart, uber


Here are the biggest analyst calls of the day: Uber, Lyft, Walmart, Target & more

MKM downgraded EA and said it doesn’t see enough “upside” to continue rating the game maker as a buy.

“We no longer see sufficient upside to justify a Buy rating. Looking at FY20, even though our EPS estimate is rising to $4.36 from $4.02, our outlook is below consensus of $4.51 and, management, in our view, is unlikely to issue initial guidance beyond $4.10-$4.20. Furthermore, we are less enthusiastic about the incremental drivers in FY20 than we were two to three months ago. Most notably, the initial success of Apex Legends in 4QFY19 likely created a head fake where early, upward revisions of FY20 Street forecasts may have been too much, too soon as player engagement has meaningfully declined in the last 10 weeks. Furthermore, in looking at other key FY20 drivers, our current view is less enthusiastic than three months ago as: (1) Anthem proved disappointing relative to forecasts and its impact should be minor; (2) Star Wars Jedi: Fallen Order appears to have no recurrent revenue spending potential; and (3) we project mobile will decline double digits. As a result of our higher FY20E EPS, our fair value estimate is now $100 (19x our FY20E EPS plus cash), up from our prior price target of $92. Based on our concerns and with just 6% upside potential from the current price level, we cannot justify a Buy rating and are therefore downgrading EA shares to Neutral. “


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: michael bloom
Keywords: news, cnbc, companies, biggest, fy20, calls, analyst, day, eps, target, price, justify, months, upside, looking, potential, rating, lyft, view, walmart, uber


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Most Wall Street analysts are really positive ahead of Alphabet’s earnings report after the bell

Analysts are not backing down from their bullish positions on Alphabet as the company reports its first quarter earnings Monday after the bell. In fact, many analysts expect the tech giant to build on last quarter’s strong earnings. The bullish commentary continued from analysts at Goldman Sachs. Financials may be impacted by recent product innovations and could serve as a key driver of the stock according to Cowen analysts. “The next few months should be a barrage of positive catalysts for Goog


Analysts are not backing down from their bullish positions on Alphabet as the company reports its first quarter earnings Monday after the bell. In fact, many analysts expect the tech giant to build on last quarter’s strong earnings. The bullish commentary continued from analysts at Goldman Sachs. Financials may be impacted by recent product innovations and could serve as a key driver of the stock according to Cowen analysts. “The next few months should be a barrage of positive catalysts for Goog
Most Wall Street analysts are really positive ahead of Alphabet’s earnings report after the bell Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: michael bloom
Keywords: news, cnbc, companies, bell, ahead, search, wall, report, positive, alphabets, earnings, google, strong, stock, quarter, street, really, growth, continued, analysts, recent, youtube


Most Wall Street analysts are really positive ahead of Alphabet's earnings report after the bell

Workers set up the booth for Alphabet Inc’s Google inside the National Exhibition and Convention Center, the venue for the upcoming China International Import Expo (CIIE), in Shanghai, China, October 28, 2018.

Analysts are not backing down from their bullish positions on Alphabet as the company reports its first quarter earnings Monday after the bell. In fact, many analysts expect the tech giant to build on last quarter’s strong earnings.

Key metrics to watch out for include an update on the company’s ad and cloud business, margin trends, new products, and how the recent EU fine may affect the bottom line.

Alphabet stock is up 22% year to date.

“We maintain our outperform rating given solid continued advertising growth for both search and YouTube, increasing Google Cloud traction, and an attractive valuation, ” said Raymond James analyst Aaron Kessler.

The bullish commentary continued from analysts at Goldman Sachs. “Our advertiser checks point to continued strength in search, and especially strong growth in YouTube, with Merkle showing 99% yoy growth in YouTube spend in the first quarter,” analyst Heather Bellini said in her earnings preview note.

Financials may be impacted by recent product innovations and could serve as a key driver of the stock according to Cowen analysts. “Shares would likely rise off the print with a small revenue beat and margin upside from faster traffic acquisition costs cost decelerate and potentially lower than expected R&D costs,” they said.

The best may be yet to come, however, Barclays said. “The next few months should be a barrage of positive catalysts for Google, including its annual developer conference and marketing summit in mid May.”

Here’s what else the major analysts are saying:


Company: cnbc, Activity: cnbc, Date: 2019-04-29  Authors: michael bloom
Keywords: news, cnbc, companies, bell, ahead, search, wall, report, positive, alphabets, earnings, google, strong, stock, quarter, street, really, growth, continued, analysts, recent, youtube


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