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Wedbush's Michael Pachter Talks Stocks Well-Positioned As Work-At-Home Becomes A Permanent Trend
Wednesday, May 12, 2021 - 11:30am | 395Read More...Some stocks will continue to benefit from the shelter-in-place movement as the work-from-home trend becomes a permanent shift, Wedbush analyst Michael Pachter said Wednesday on Benzinga's YouTube show "PreMarket Prep." Overstock.com Inc (NASDAQ: OSTK) is...
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Roku Stock Gets Upgrade: Find Out Why
Thursday, April 29, 2021 - 10:38am | 243Read More...Advertisers are likely to continue shifting from linear TV to over-the-top on-demand, which is where Roku Inc (NASDAQ: ROKU) has “dominant market share, a rapidly growing user base, and superior targeting capabilities,” according to Wedbush. The Roku Analyst: Michael Pachter upgraded...
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Netflix Analysts Cautious Following Q1 Earnings: 'Net Adds Shortfall Will Likely Overwhelm The Narrative'
Wednesday, April 21, 2021 - 1:27pm | 787Read More...Netflix Inc (NASDAQ: NFLX) shares dropped 7.5% on Wednesday morning after the company reported first-quarter subscriber growth that fell well short of Wall Street’s expectations. For the first quarter, Netflix reported adjusted EPS of $3.75 on $7.16 billion in revenue. Both numbers beat...
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Wedbush Adds Alphabet Stock To Best Ideas List: What You Need To Know
Wednesday, April 14, 2021 - 11:56am | 620Read More...Wedbush Securities updated its coverage of a handful of top tech stocks on Wednesday. The Tech Analysts: Wedbush analysts Michael Pachter and Ygal Arounian assumed coverage of the following stocks: Overstock.com Inc (NASDAQ: OSTK) initiated at Outperform with a price target lowered from $100...
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Roku Had A 'Stellar' Quarter, But Is The Stock Valued Too High Right Now?
Friday, February 19, 2021 - 3:30pm | 577Read More...Streaming video company Roku Inc (NASDAQ: ROKU) reported fourth-quarter results that came in better than expected but not all analysts were equally impressed. The Roku Analysts: Rosenblatt Securities analyst Mark Zgutowicz maintains a Buy rating on Roku's stock with a price target lifted from $...
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Long-Term Netflix Bear Admits He Got These Key Things Wrong About The Company
Monday, January 25, 2021 - 4:08am | 458Read More...Wedbush analyst Michael Pachter has been one of the most prominent long-term bears on Netflix Inc.’s (NASDAQ: NFLX) stock, despite the streaming video-on-demand company’s stellar run over the last decade. While Pachter remains bearish on Netflix, he admitted in an interview with...
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Why This Skillz Analyst Is Bullish On Growth Prospects For Esports Platform
Wednesday, January 13, 2021 - 1:15pm | 226Read More...Skillz Inc.’s (NYSE: SKLZ) growth in gamer engagement and retention has boosted its revenue, which in turn has increased the budget available to the company to improve and introduce new experiences that further propel engagement, retention and revenue, according to Wedbush. The Skillz...
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Could A Facebook Breakup Boost Share Value? Experts Weigh In
Wednesday, December 16, 2020 - 6:35pm | 617Read More...Facebook Inc (NASDAQ: FB) faces a suit from the Federal Trade Commission and 46 states for anticompetitive behavior. What Happened: The Federal Trade Commission and states filed a suit against Facebook aimed at forcing the sale of Instagram and WhatsApp. The key point of the lawsuit is Facebook...
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Wedbush Upgrades Turtle Beach Ahead Of Earnings
Monday, November 2, 2020 - 11:28am | 211Read More...Turtle Beach Corp’s (NASDAQ: HEAR) second-quarter results indicate strong execution and its latest product releases appear highly competitive, according to Wedbush. The Turtle Beach Analyst: Michael Pachter upgraded Turtle Beach from Neutral to Outperform while raising the price target...
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PreMarket Prep Stock Of The Day: GameStop
Friday, October 9, 2020 - 3:32pm | 1051Read More...Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session. On any given...
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Facebook Likely To Parrot TikTok, As It Did With Snapchat: Wedbush Analyst
Wednesday, June 24, 2020 - 11:49am | 462Read More...TikTok is a top-five most downloaded app globally, and it isn't owned by Facebook, Inc. (NASDAQ: FB). Should the social media leader be worried? What Happened: Facebook has reason to be concerned that TikTok boasts more than 300 million users, including 30 million in the U.S., Wedbush...
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Electronic Arts Analysts See Stay-At-Home Strength, Possible Game Delays After Q4 Report
Thursday, May 7, 2020 - 8:34am | 749Read More...Electronic Arts (NASDAQ: EA) reported fourth-quarter earnings Tuesday of $1.43 per share against a 98-cent estimate and sales of $1.387 billion that beat a $1.19-billion estimate. The video game developer guided to first-quarter net sales of $1.22 billion, net bookings of $1 billion and...
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Wall Street Reacts To Twitter's Mixed Quarter: Positioning For 2021?
Friday, May 1, 2020 - 1:10pm | 681Read More...Twitter Inc (NYSE: TWTR) shares were down 5% on Friday after the company reported an earning beat in the first quarter but failed to reassure investors that its advertising business has stabilized in the current quarter. Twitter reported first-quarter earnings per share of 11 cents on $808 million...
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Amazon Analysts React To Q1 Earnings: Stock Sell-Off Is Short-Sighted
Friday, May 1, 2020 - 11:55am | 1036Read More...Amazon.com, Inc. (NASDAQ: AMZN) shares traded lower by more than 7% on Friday after the company missed first-quarter earnings estimates and said it plans to spend $4 billion in the second quarter combatting the coronavirus (COVID-19). Amazon reported first-quarter EPS of $5.01, short of consensus...
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Snap's Stock Rips Higher By 30%: Here's What The Street Thinks
Wednesday, April 22, 2020 - 2:30pm | 677Read More...Snap Inc (NYSE: SNAP) reported better-than-expected first-quarter results, highlighted by a 44% year-over-year increase in revenue and a 20% growth in daily active users. Here is a summary of how some of the Street's top analysts reacted to the print. The Snap Analysts Credit Suisse...
