Reiteration https://www.benzinga.com/views/taxonomy/term/39823 en What Is Roku's Secret Weapon? Analysts React To Q1 Earnings, Tough Comps Ahead https://www.benzinga.com/analyst-ratings/analyst-color/21/05/21014356/what-is-rokus-secret-weapon-analysts-react-to-q1-earnings-tough-comps-ahead <p><strong>Roku Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/roku#NASDAQ">ROKU</a>) shares are trading higher&nbsp;after beating revenue and eps estimates for the first quarter. Analysts are out with reactions to the first quarter and thoughts on difficult comps ahead.</p> <p><strong>The Roku Analysts: </strong>Morgan Stanley analyst Benjamin Swinburne reiterates an Underweight rating on Roku&nbsp;and lowers the price target from $300 to $275.</p> <p>Rosenblatt analyst Mark Zgutowicz reiterates a Buy rating and has a $560 price target.</p> <p>Needham analyst Laura Martin reiterates a Buy rating and has a $550 price target.</p> <p>KeyBanc analyst Justin Patterson reiterates an Overweight rating and lowers the price target from $518 to $460.</p> <p><em>Related Link: <a href="https://www.benzinga.com/news/earnings/21/05/21001331/roku-shares-climb-on-q1-revenue-eps-beat-strong-guidance">Roku Shares Climb On Q1 Revenue, EPS Beat, Strong Guidance</a></em></p> <p><strong>Q1 Takeaways: </strong>Swinburne called Roku media&rsquo;s favorite streaming partner saying the company continues to impress and provide more value for its partners.</p> <p>&ldquo;This was particularly clear in stronger than expected 1Q revenue growth and margins,&rdquo; Swinburne said.</p> <p>The SVOD wars are heating up and Roku looks to be the continued winner, Zgutowicz ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/21/05/21014356/what-is-rokus-secret-weapon-analysts-react-to-q1-earnings-tough-comps-ahead alt=What Is Roku&#039;s Secret Weapon? Analysts React To Q1 Earnings, Tough Comps Ahead>Full story available on Benzinga.com</a></p> Analyst Color Benjamin Swinburne Earnings Justin Patterson KeyBanc Laura Martin Mark Zgutowiz Morgan Stanley Needham News NFLX ROKU Rosenblatt streaming stocks The Roku Channel Price Target Reiteration Top Stories Analyst Ratings Trading Ideas NFLX US64110L1061 ROKU News Analyst Color Earnings Price Target Reiteration Top Stories Analyst Ratings Trading Ideas Benzinga Fri, 07 May 2021 19:40:19 +0000 Chris Katje 21014356 at https://www.benzinga.com ViacomCBS Strong Earnings Offset By High Investments, Analyst Says https://www.benzinga.com/analyst-ratings/analyst-color/21/05/21013667/viacomcbs-strong-earnings-offset-by-high-investments-analyst-says <p>Although <strong>ViacomCBS Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/viac#NASDAQ">VIAC</a>) reported strong first-quarter results&nbsp;backed by solid streaming performance, its bottom-line will be under pressure due to high investments, according to BofA Securities.</p> <p><strong>The ViacomCBS Analyst: </strong>Jessica Reif Ehrlich reiterated an Underperform rating for ViacomCBS, while keeping the price target unchanged at $38.</p> <p><strong>The ViacomCBS Thesis: </strong>The company reported global streaming and digital video revenue growth of +65%, with 36 million subscribers and Pluto MAUs (monthly average users) of 50 million, Reif Ehrlich said in the note.</p> <p>However, ViacomCBS recorded higher ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/21/05/21013667/viacomcbs-strong-earnings-offset-by-high-investments-analyst-says alt=ViacomCBS Strong Earnings Offset By High Investments, Analyst Says>Full story available on Benzinga.com</a></p> Analyst Color BofA Securities Jessica Reif Ehrlich VIAC Reiteration Analyst Ratings Media VIAC Analyst Color Reiteration Analyst Ratings Media Benzinga Fri, 07 May 2021 16:30:53 +0000 Priya Nigam 21013667 at https://www.benzinga.com What 3 Analysts Think About Etsy's Future Growth After Q1 Earnings Report https://www.benzinga.com/analyst-ratings/analyst-color/21/05/20994636/what-3-analysts-think-about-etsys-future-growth-after-q1-earnings-report <p>Analysts are reacting to the first-quarter earnings report from <strong>Etsy Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/etsy#NASDAQ">ETSY</a>) and the second-quarter guidance for the e-commerce company.</p> <p><strong>The Etsy Analysts:</strong> Roth Capital analyst Darren Aftahi has a Buy rating&nbsp;and a $245 price target.</p> <p>Morgan Stanley analyst Lauren Schenk has an Underweight rating and raises the price target from $123 to $135.</p> <p>KeyBanc analyst Edward Yruma has a Sector Weight rating and no price target on shares.</p> <p><strong>First Quarter Strength:</strong> Etsy&rsquo;s product assortment helped the company&rsquo;s gross merchandise sales in the <a href="https://www.benzinga.com/news/earnings/21/05/20975348/etsy-q1-earnings-insights">first quarter</a>. Habitual buyers represented 9% of active buyers in the first quarter, but represented 40% of GMS.</p> <p>GMS was up 132% year-over-year in the first quarter.</p> <p>There are many concerns over the decline in mask sales from Etsy as sales of the COVID-19 pandemic-related item have fallen. The ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/21/05/20994636/what-3-analysts-think-about-etsys-future-growth-after-q1-earnings-report alt=What 3 Analysts Think About Etsy&#039;s Future Growth After Q1 Earnings Report>Full story available on Benzinga.com</a></p> Analyst Color Darren Aftahi ecommerce Edward Yruma ETSY KeyBanc Lauren Schenk Morgan Stanley Roth Capital Price Target Reiteration Analyst Ratings Trading Ideas ETSY Analyst Color Price Target Reiteration Analyst Ratings Trading Ideas Benzinga Thu, 06 May 2021 21:59:19 +0000 Chris Katje 20994636 at https://www.benzinga.com Activision Blizzard Has Yellow Brick Road With Key Franchises Launching As Mobile Games https://www.benzinga.com/analyst-ratings/analyst-color/21/05/20970164/activision-blizzard-has-yellow-brick-road-with-key-franchises-launching-as-mobile-g <p>Analysts react to the first-quarter earnings from <strong>Activision Blizzard </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atvi#NASDAQ">ATVI</a>) on Tuesday night.</p> <p><strong>The Activision Blizzard Analysts: </strong>Raymond James analyst Andrew Marok reiterates an Outperform rating and $120 price target.</p> <p>KeyBanc analyst Tyler Parker reiterates an Overweight rating and&nbsp;price target of $120.</p> <p>Needham analyst Laura Martin reiterates a Buy rating and $102 price target.</p> <p>Morgan Stanley analyst Brian Nowak reiterates an Overweight rating and raises the price target from $115 to $120.</p> <p><strong>Strength of Call of Duty: </strong>The highlight for many of the analysts from the first quarter was the strength of the company&rsquo;s &quot;Call of Duty&quot; brand.</p> <p>&ldquo;Call of Duty continues to significantly expand its audience, with the segment hitting 150M MAUs in 1Q21,&rdquo; Marok wrote in a note.</p> <p>Strong seasons for &quot;Call of Duty Warzone&quot; and the launch of &quot;Call of Duty Mobile&quot; in China were highlights. &quot;Call of Duty Mobile&quot; passed $1 billion in gross revenue worldwide in the first quarter.</p> <p>&quot;Call of Duty&#39;s&quot;&nbsp;monthly active users have tripled to 150 million over the past two years and hit a record in the first quarter, Martin highlighted. The success of the mobile game is also helping to drive sales of the PC and ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/21/05/20970164/activision-blizzard-has-yellow-brick-road-with-key-franchises-launching-as-mobile-g alt=Activision Blizzard Has Yellow Brick Road With Key Franchises Launching As Mobile Games>Full story available on Benzinga.com</a></p> Analyst Color Andrew Marok ATVI Blizzard Brian Nowak Call of Duty Candy Crush Diablo Earnings KeyBanc Laura Martin Mobile Games Morgan Stanley Needham News Raymond James Tyler Parker video games World of Warcraft Guidance Price Target Reiteration Top Stories Analyst Ratings ATVI US00507V1098 News Analyst Color Earnings Guidance Price Target Reiteration Top Stories Analyst Ratings Benzinga Wed, 05 May 2021 18:15:20 +0000 Chris Katje 20970164 at https://www.benzinga.com Chegg Analysts Bullish After Q1 Report: 'Balanced Subscriber Beat' https://www.benzinga.com/analyst-ratings/analyst-color/21/05/20942706/chegg-analysts-bullish-after-q1-report-balanced-subscriber-beat <p><strong>Chegg Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/chgg#NYSE">CHGG</a>) shares traded lower&nbsp;Tuesday after the company reported <a href="https://www.benzinga.com/news/earnings/21/05/20924962/chegg-q1-earnings-insights">mixed first-quarter earnings numbers</a>.</p> <p>For the first quarter, Chegg reported adjusted EPS of 28 cents, missing consensus analyst estimates of 31 cents. First-quarter revenue was $198.3 million, beating Wall Street expectations of $184.59 million. Revenue was up 50.8% from a year ago.</p> <p><em>Related Link: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/21/04/20892427/the-one-to-own-in-ecommerce-wall-street-cheers-amazon-following-earnings-beat">&#39;The One To Own In eCommerce&#39;: Wall Street Cheers Amazon Following Earnings Beat</a> </em></p> <p>Chegg also said its Chegg Services subscriber count was up 64% in the first quarter to 4.8 million.</p> <p>Looking ahead, Chegg guided for second-quarter revenue of between $188 million and $190 million and adjusted EBITDA of between $72 million and $$74 million.</p> <p>For the full fiscal 2021 year, Chegg guided for revenue of between $790 million and $800 million and adjusted EBITDA of between $275 million and $280 million. The company also projected full-year gross margins of between 68% ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/21/05/20942706/chegg-analysts-bullish-after-q1-report-balanced-subscriber-beat alt=Chegg Analysts Bullish After Q1 Report: &#039;Balanced Subscriber Beat&#039;>Full story available on Benzinga.com</a></p> Analyst Color Brian Peterson CHGG Earnings Jason Celino Josh Baer KeyBanc Morgan Stanley Needham News Raymond James Ryan MacDonald Guidance Price Target Reiteration Analyst Ratings CHGG News Analyst Color Earnings Guidance Price Target Reiteration Analyst Ratings Benzinga Tue, 04 May 2021 19:44:25 +0000 Wayne Duggan 20942706 at https://www.benzinga.com Uber Has Analyst Bullish Ahead of Wednesday's Earnings https://www.benzinga.com/analyst-ratings/analyst-color/21/05/20940003/uber-has-analyst-bullish-ahead-of-wednesdays-earnings <p><strong>Uber Technologies Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uber#NYSE">UBER</a>) is set to report its first-quarter earnings on Wednesday afternoon. On Tuesday, one analyst said he is bullish on the stock but investors can expect a bumpy road to full recovery in 2021.</p> <p><strong>The Analyst: </strong>Bank of America analyst Justin Post reiterated his Buy rating and $71 price target for Uber.</p> <p><em>Related Link: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/21/04/20867631/why-teslas-stock-is-stuck-until-one-of-these-two-things-happens">Why Tesla&#39;s Stock Is &#39;Stuck&#39; Until One Of These Two Things Happens</a> </em></p> <p><strong>The Thesis:</strong> In his earnings preview, Post said he is expecting Uber to report better-than-expected first-quarter bookings but fall short of consensus revenue expectations.</p> <p>Uber recently disclosed that average daily mobility bookings were up 9% month-over-month in March to ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/21/05/20940003/uber-has-analyst-bullish-ahead-of-wednesdays-earnings alt=Uber Has Analyst Bullish Ahead of Wednesday&#039;s Earnings>Full story available on Benzinga.com</a></p> Analyst Color Bank of America Justin Post UBER Price Target Reiteration Analyst Ratings UBER Analyst Color Price Target Reiteration Analyst Ratings Benzinga Tue, 04 May 2021 16:20:04 +0000 Wayne Duggan 20940003 at https://www.benzinga.com Why This Pfizer Analyst Is Sidelined After Beat-And-Raise Q1 https://www.benzinga.com/analyst-ratings/analyst-color/21/05/20938876/why-this-pfizer-analyst-is-sidelined-after-beat-and-raise-q1 <p><strong>Pfizer Inc. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pfe#NYSE">PFE</a>) <a href=" https://www.benzinga.com/general/biotech/21/05/20934105/pfizer-beats-q1-wall-street-estimates-sees-covid-19-vaccine-sales-of-26b-in-fy21"> reported </a> Tuesday with forecast-beating first-quarter earnings and upwardly revised its fiscal year 2021 earnings and revenue guidance.</p> <p>Despite the impressive results, an analyst at BofA Securities is staying on the sidelines of the COVID-19 vaccine stock.</p> <p><strong>The Pfizer Analyst: </strong> Geoff Meacham maintained a Neutral rating on Pfizer with a&nbsp;$39 price target.</p> <p><strong>The Pfizer Takeaways: </strong> Pfizer&#39;s first-quarter beat came about primarily due to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/21/03/20422700/pfizers-late-stage-covid-19-vaccine-data-in-adolescents-reinforces-bull-case-analys?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+benzinga%2Fnews+%28Channels+-+News%29"> COVID-19 vaccine sales, </a>Meacham said in a Tuesday note.</p> <p>The revised guidance was not a surprise&nbsp;given the scope of the pandemic, the analyst said.&nbsp;<br /> The updated guidance, according to BofA, reflects&nbsp;1.6 billion doses under contract for 2021&nbsp;as of mid-April.</p> <p><em>Related Link: <a href="https://www.benzinga.com/general/biotech/21/05/20903835/week-ahead-in-biotech-may-2-8-chemocentryx-adcom-ophthalmology-conference-presentations-earnings-"> ...</a></em></p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/21/05/20938876/why-this-pfizer-analyst-is-sidelined-after-beat-and-raise-q1 alt=Why This Pfizer Analyst Is Sidelined After Beat-And-Raise Q1>Full story available on Benzinga.com</a></p> Analyst Color Biotech BofA Securities Earnings Geoff Meacham News PFE Health Care Price Target Reiteration Analyst Ratings General PFE US7170811035 News Analyst Color Earnings Biotech Health Care Price Target Reiteration Analyst Ratings General Benzinga Tue, 04 May 2021 15:20:40 +0000 Shanthi Rexaline 20938876 at https://www.benzinga.com Why This GE Analyst Is Raising Their Earnings, Cash Flow Forecasts https://www.benzinga.com/analyst-ratings/analyst-color/21/05/20915912/why-this-ge-analyst-is-raising-their-earnings-cash-flow-forecasts <p><strong>General Electric Company </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ge#NYSE">GE</a>) shares have slumped since the company reported first-quarter earnings last week. Yet&nbsp;GE investors are optimistic that 2021 could be the year the company finally turns the corner, and BofA Securities&nbsp;analyst Andrew Obin has raised his outlook for GE cash flow and earnings.</p> <p><strong>BofA On GE&#39;s Turnaround:</strong> On Monday, Obin released a new deep dive report into <a href="https://www.benzinga.com/news/earnings/21/04/20808298/recap-general-electric-q1-earnings">GE&rsquo;s first-quarter numbers</a>.</p> <p>GE&rsquo;s first quarter was somewhat boring, the analyst said &mdash; which is exactly what investors should be hoping for as the industrial giant&rsquo;s turnaround story stays on track.</p> <p><em>Related Link: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/21/03/20056138/general-electric-analyst-raises-price-target-following-aercap-deal-reports">General Electric Analyst Raises Price Target Following AerCap Deal Reports</a> </em></p> <p>&ldquo;GE&rsquo;s work to improve the linearity of cash flows and structural working capital is bearing fruit,&rdquo; he said.</p> <p>He ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/21/05/20915912/why-this-ge-analyst-is-raising-their-earnings-cash-flow-forecasts alt=Why This GE Analyst Is Raising Their Earnings, Cash Flow Forecasts>Full story available on Benzinga.com</a></p> AER Analyst Color Andrew Obin BofA Securities GE Price Target Reiteration Analyst Ratings AER NL0000687663 GE US3696041033 Analyst Color Price Target Reiteration Analyst Ratings Benzinga Mon, 03 May 2021 16:00:29 +0000 Wayne Duggan 20915912 at https://www.benzinga.com What Wall Street Thinks Of Twitter's Disappointing Quarter https://www.benzinga.com/analyst-ratings/analyst-color/21/04/20896317/what-wall-street-thinks-of-twitters-disappointing-quarter <p>Analysts were left with many questions after&nbsp;<strong>Twitter Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/twtr#NYSE">TWTR</a>) reported first quarter earnings. Future concerns exist, leading to several price target cuts.</p> <p><strong>The Twitter Analysts:</strong> Raymond James analyst Aaron Kessler reiterates a Market Perform rating and has no price target.</p> <p>Rosenblatt analyst Mark Zgutowicz has a Neutral rating and lowers the price target from $65 to $60.</p> <p>KeyBanc analyst Justin Patterson has an Overweight rating and lowers the price target from $90 to $77.</p> <p>Morgan Stanley analyst Brian Nowak has an Equal-Weight rating and lowers the price target from $68 to $62.</p> <p>Bank of America analyst Justin Post has&nbsp;a Buy rating and lowers the price target from $92 to $82.</p> <p><strong>Earnings Takeaways:</strong> Twitter reported year-over-year revenue growth of 28% to $1.04 billion in the first quarter. The growth came in lower than peers, one analyst noted.</p> <p>&ldquo;Twitter&rsquo;s US revenue performance was sub par to social peers including Snap, Pinterest and Factset, all of which witnessed 1Q US revenue momentum,&rdquo; Rosenblatt&#39;s Zgutowicz&nbsp;said.</p> <p>&ldquo;Trends exiting the quarter in March were more solid,&rdquo; Raymond James&#39; Kessler said.</p> <p>The first-quarter ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/21/04/20896317/what-wall-street-thinks-of-twitters-disappointing-quarter alt=What Wall Street Thinks Of Twitter&#039;s Disappointing Quarter>Full story available on Benzinga.com</a></p> AAPL Aaron Kessler Analyst Color Bank of America Brian Nowak Justin Patterson Justin Post KeyBanc Mark Zgutowicz Morgan Stanley Raymond James Rosenblatt TWTR Price Target Reiteration Analyst Ratings Trading Ideas AAPL US0378331005 TWTR US90184L1026 Analyst Color Price Target Reiteration Analyst Ratings Trading Ideas Benzinga Fri, 30 Apr 2021 21:16:11 +0000 Chris Katje 20896317 at https://www.benzinga.com 5 McDonald's Analysts On Q1 Earnings, COVID-19 Recovery https://www.benzinga.com/analyst-ratings/analyst-color/21/04/20892810/5-mcdonalds-analysts-on-q1-earnings-covid-19-recovery <p><strong>McDonald&rsquo;s Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcd#NYSE">MCD</a>) saw its stock hit a record high of $236.10 per share Friday&nbsp;following the release of a&nbsp;<a href="https://www.benzinga.com/news/earnings/21/04/20859084/recap-mcdonalds-q1-earnings">first-quarter earnings report</a> that saw $5.1 billion in revenue, up from $4.7 billion one year earlier, and net income of $1.54 billion, up from $1.11 billion.</p> <p>Same-store sales in the U.S. were up 13.6%. year-over-year and global same-store sales climbed 7.5%.</p> <p>Here&#39;s what five analysts covering the Golden Arches had to say after the print.&nbsp;</p> <p><strong>Cowen On &#39;Dynamite&#39; McDonald&#39;s Quarter:</strong>&nbsp;&ldquo;Impressively, MCD noted the impact of March&#39;s $1,400 stimulus checks are waning yet momentum in the business is sustaining,&rdquo; Cowen analyst Andrew Charles said in a note.&nbsp;</p> <p>The chicken sandwich launched by McDonald&#39;s Feb. 24 exceeded expectations, the analyst said.&nbsp;</p> <p>He also highlighted the company&rsquo;s renewed focus on the breakfast market share, recalling that it &ldquo;represented 25% of pre-COVID-19 sales and faced perhaps the greatest market share battle.&rdquo;</p> <p>Charles envisions&nbsp;this mealtime segment as offering &ldquo;an opportunity to repurpose the chicken recipe at breakfast.&rdquo;</p> <p>And the debut of McDonald&rsquo;s loyalty program will leverage&nbsp;20 million U.S. app downloads, he said.&nbsp;</p> <p>&ldquo;Looking ahead, we believe MCD is well positioned to deliver 3%+ U.S. comps in 2022&nbsp;and beyond, with remodels that are substantially complete and the brand&#39;s scale that we believe can help maximize loyalty and digital efforts.&rdquo;&nbsp;</p> <p>Cowen has an Outperform rating on McDonald&#39;s with a price target lifted from $255 to $266.&nbsp;</p> <p><strong>KeyBanc&rsquo;s Post-COVID-19 McDonald&#39;s&nbsp;Scenario:</strong> KeyBanc raised its 2021 and 2022 earnings per share estimates to $8.56 and $9.34, respectively, &ldquo;based on strong U.S. momentum and a high potential for improved IOM trends later this year,&rdquo; analyst Eric Gonzalez said in a note.&nbsp;</p> <p>The analyst acknowledged McDonald&rsquo;s prominence in the U.S. and referred to it as a &ldquo;category leader in the majority of its foreign markets, where it ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/21/04/20892810/5-mcdonalds-analysts-on-q1-earnings-covid-19-recovery alt=5 McDonald&#039;s Analysts On Q1 Earnings, COVID-19 Recovery>Full story available on Benzinga.com</a></p> Analyst Color Cowen KeyBanc Capital Markets MCD News Raymond James Rutherford Wedbush Price Target Reiteration Restaurants Analyst Ratings General MCD US5801351017 News Analyst Color Price Target Reiteration Restaurants Analyst Ratings General Benzinga Fri, 30 Apr 2021 20:15:59 +0000 Phil Hall 20892810 at https://www.benzinga.com BofA Cuts NIO Target Despite Record High Margins, Growth https://www.benzinga.com/analyst-ratings/analyst-color/21/04/20889774/bofa-cuts-nio-target-despite-record-high-margins-growth <p><strong>Nio Inc - ADR&nbsp;</strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nio#NYSE">NIO</a>) could continue to gain share in the Chinese electric vehicle market over the next couple of years, according to BofA Securities.</p> <p><strong>The Nio Analyst: </strong>Ming Hsun Lee maintained a Buy rating for Nio, while reducing the price target from $63 to $60.</p> <p><strong>The Nio Thesis: </strong>The company&rsquo;s gross processing margin (GPM) hit a record high in the first quarter, driven by higher contribution from EC6, a higher take rate of the 100kWh battery pack and NIO Pilot, as well ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/21/04/20889774/bofa-cuts-nio-target-despite-record-high-margins-growth alt=BofA Cuts NIO Target Despite Record High Margins, Growth>Full story available on Benzinga.com</a></p> Analyst Color BofA Securities electric vehicles EVs Ming Hsun Lee NIO Price Target Reiteration Analyst Ratings NIO Analyst Color Price Target Reiteration Analyst Ratings Benzinga Fri, 30 Apr 2021 18:07:31 +0000 Priya Nigam 20889774 at https://www.benzinga.com What 5 Analysts Think Of eBay's Mixed Guidance For Q2 https://www.benzinga.com/analyst-ratings/analyst-color/21/04/20868492/what-5-analysts-think-of-ebays-mixed-guidance-for-q2 <p><strong>eBay Inc&nbsp;</strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ebay#NASDAQ">EBAY</a>) shares&nbsp;pulled back sharply after issuing mixed guidance for the second quarter.</p> <p><strong>The eBay Analysts: </strong> BofA Securities analyst Justin Post reiterated a Neutral rating on eBay shares and lowered the price target from $71 to $68.</p> <p>Morgan Stanley analyst Brian Nowak maintained an Equal-weight rating and a $63 price target.</p> <p>Wedbush analyst Ygal Arounian downgraded eBay shares from Outperform to Neutral and reduced the price target from $74 to $63.</p> <p>KeyBanc Capital Markets analyst Edward Yruma maintained an Overweight rating and an $80 price target.</p> <p>Raymond James analyst Aaron Kessler maintained a Market Perform rating.</p> <p><em><a href="https://www.benzinga.com/news/21/04/20851951/13-stocks-moving-in-wednesdays-after-hours-session">Related Link: </a><a href="https://www.benzinga.com/money/buy-ebay-stocks/">How to Buy eBay (EBAY) Stock</a></em></p> <p><strong>GMV Commentary Adds Uncertainty, BofA Says: </strong> eBay reported first-quarter revenues of $3.02 billion and EPS of $1.09, ahead of the Street estimates of $2.97 billion and $1.06, respectively, BofA analyst Post said in a note.</p> <p>With stimulus benefit in the first quarter, U.S. gross merchandise volume growth was strong at 36% year-over-year, the analyst noted. U.S. revenue growth of 56% was achieved on the back of management payments rollout accelerating to 80% complete in the U.S., he added.</p> <p>The guidance for a year-over-year decline in gross merchandise volume in the second quarter, with the weakness possibly lasting through the fourth quarter, overshadowed the quarterly results, the analyst ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/21/04/20868492/what-5-analysts-think-of-ebays-mixed-guidance-for-q2 alt=What 5 Analysts Think Of eBay&#039;s Mixed Guidance For Q2>Full story available on Benzinga.com</a></p> Aaron Kessler Analyst Color BofA Securities Brian Nowak Earnings EBAY Edward Yruma Justin Post KeyBanc Capital Markets Morgan Stanley News Raymond James Wedbush Ygal Arounian Downgrades Price Target Reiteration Analyst Ratings Trading Ideas EBAY US2786421030 News Analyst Color Earnings Downgrades Price Target Reiteration Analyst Ratings Trading Ideas Benzinga Fri, 30 Apr 2021 17:18:32 +0000 Shanthi Rexaline 20868492 at https://www.benzinga.com Overstock Earnings Impress BofA Analyst: Here's Why https://www.benzinga.com/analyst-ratings/analyst-color/21/04/20889191/overstock-earnings-impress-bofa-analyst-heres-why <p><strong>Overstock.com Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ostk#NASDAQ">OSTK</a>) reported solid first-quarter results, highlighting continued improvement in the company&rsquo;s position in the retail segment, according to BofA Securities.</p> <p><strong>The Overstock Analyst: </strong>Ryan Gee maintained a Buy rating for Overstock, while raising the price target from $91 to $105.</p> <p><strong>The Overstock Thesis:</strong> The quarterly results indicate the increased mindshare the company had gained during the pandemic is &ldquo;having a lasting, positive impact on buyer behavior,&rdquo; Gee said in the note.</p> <p>&ldquo;Retail accelerated to up 94% Y/Y in ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/21/04/20889191/overstock-earnings-impress-bofa-analyst-heres-why alt=Overstock Earnings Impress BofA Analyst: Here&#039;s Why>Full story available on Benzinga.com</a></p> Analyst Color BofA Securities OSTK Ryan Gee shopping Price Target Reiteration Analyst Ratings OSTK US6903701018 Analyst Color Price Target Reiteration Analyst Ratings Benzinga Fri, 30 Apr 2021 15:55:06 +0000 Priya Nigam 20889191 at https://www.benzinga.com Shopify Analysts Cautious Following Q1 Print: 'Look For A More Attractive Entry Point' https://www.benzinga.com/analyst-ratings/analyst-color/21/04/20870841/shopify-analysts-cautious-following-q1-print-look-for-a-more-attractive-entry-point <p><strong>Shopify Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shop#NYSE">SHOP</a>) shares dropped 4.41% Thursday as investors took profits following the company&rsquo;s big first-quarter earnings beat.</p> <p>For the first quarter, Shopify reported adjusted EPS of $2.01 on $988.6 million in revenue. Both numbers beat consensus analyst estimates of 75 cents and $862.7 million, respectively. Revenue was up 110% from a year ago.</p> <p><em>Related Link: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/21/04/20866038/3-ford-analysts-on-dearborns-q1-beat-ongoing-production-disruptions">3 Ford Analysts On Dearborn&#39;s Q1 Beat, Ongoing Production Disruptions</a> </em></p> <p>Gross merchandise volume more than doubled to $37.3 billion in the quarter.</p> <p>Shopify&#39;s net income got a boost from a $1.3-billion unrealized gain in the company&rsquo;s 20 million shares of online payments company <strong>Affirm Holdings Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/afrm#NASDAQ">AFRM</a>), which completed its IPO in January.</p> <p>Despite the big first-quarter numbers, Shopify warned investors that the reopening of the economy this summer coupled with difficult year-over-year pandemic comps could weigh on growth moving forward. Shopify was one of the biggest winners during the pandemic, when many retail stores temporarily closed and shoppers were stuck at home with little else to do other than online shopping.</p> <p><strong>Difficult Comps Ahead?</strong>&nbsp;Bank of America analyst Brad Sills said Thursday ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/21/04/20870841/shopify-analysts-cautious-following-q1-print-look-for-a-more-attractive-entry-point alt=Shopify Analysts Cautious Following Q1 Print: &#039;Look For A More Attractive Entry Point&#039;>Full story available on Benzinga.com</a></p> AFRM Analyst Color BofA Securities Brad Sills Brian Peterson Earnings Jefferies Josh Beck KeyBanc News Raymond James Samad Samana SHOP Wedbush Ygal Arounian Price Target Reiteration Analyst Ratings SHOP AFRM News Analyst Color Earnings Price Target Reiteration Analyst Ratings Benzinga Thu, 29 Apr 2021 21:41:55 +0000 Wayne Duggan 20870841 at https://www.benzinga.com Why Did These Analysts Increase Facebook Price Targets? https://www.benzinga.com/analyst-ratings/analyst-color/21/04/20871778/why-did-these-analysts-increase-facebook-price-targets <p>Social media giant&nbsp;<strong>Facebook Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fb#NASDAQ">FB</a>)&nbsp;<a href="https://www.benzinga.com/news/earnings/21/04/20848856/facebook-surges-to-new-highs-as-q1-revenue-jumps-48-what-investors-should-know">reported </a>first-quarter revenue growth of 48% year-over-year. The display of growth for the company&rsquo;s advertising segments has prompted several price target upgrades from analysts.</p> <p><strong>The Facebook Analysts:</strong> KeyBanc analyst Justin Patterson reiterates an Overweight rating on<strong> </strong>Facebook and raises the price target from $360 to $414.</p> <p>Raymond James analyst Aaron Kessler reiterates a Strong Buy rating and raises the price target from $360 to $415.</p> <p>Needham analyst Laura Martin reiterates a Hold rating and has no price target on the stock.</p> <p>Jefferies analyst Brent Thill reiterates a Buy rating and raises the price target from $360 to $385.</p> <p>Morgan Stanley analyst Brian Nowak reiterates an Overweight rating and raises the price target from $345 to $375.</p> <p>Wedbush analyst Ygal Arounian reiterates a Neutral rating and raises the price target from $340 to $350.</p> <p><strong>Advertising Growth: </strong>Advertising revenue per ad was up 30% year-over-year and 12% more ads were delivered versus last year&rsquo;s first quarter.</p> <p>&ldquo;Facebook&rsquo;s ad revenue is benefitting from a stronger than expected demand recovery,&rdquo; KeyBanc&#39;s Patterson said.</p> <p>Facebook&rsquo;s advertising revenue was ahead of street expectations along with a 43% operating margin which Jeffries&#39;&nbsp;Thill called a &ldquo;rare combination.&rdquo;</p> <p>&ldquo;Recovering ad demand will likely support further revenue growth acceleration in Q2 and a clear pathway to $15+ EPS by FY22,&rdquo; Thill added.</p> <p>Morgan Stanley&#39;s Nowak sees Facebook&rsquo;s advertising revenue hitting accelerated ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/21/04/20871778/why-did-these-analysts-increase-facebook-price-targets alt=Why Did These Analysts Increase Facebook Price Targets?>Full story available on Benzinga.com</a></p> Aaron Kessler Analyst Color Brent Thill Brian Nowak FB Jefferies Justin Patterson KeyBanc Laura Martin Morgan Stanley Needham Raymond James Wedbush Ygal Arounian Price Target Reiteration Analyst Ratings Trading Ideas FB Analyst Color Price Target Reiteration Analyst Ratings Trading Ideas Benzinga Thu, 29 Apr 2021 20:49:41 +0000 Chris Katje 20871778 at https://www.benzinga.com