Scott Devitt

Uber Technologies Inc (NYSE: UBER) shares are down about 28% since the ride-hailing service's IPO, and Lyft Inc (NASDAQ: LYFT) shares are down about 39%.  What's In Store For Uber In 2020?  Multiple analysts are maintaining bullish ratings on Uber despite the stock's...

Etsy Inc (NASDAQ: ETSY) reported second-quarter results highlighted by a beat on the EPS line but revenue of $132.4 million missed expectations of $181.1 million. Despite a revenue shortfall, management still lifted its full year revenue guidance and this received a mix reaction from Street...

The RealReal (NASDAQ: REAL), an online marketplace for authenticated luxury goods, hit the public market for the first time in June and shares remain about 20% higher compared to its $20 IPO pricing. The Analysts Raymond James' Aaron Kessler initiated coverage of The RealReal's stock with a...

Shares of personalized fashion company Stitch Fix Inc (NASDAQ: SFIX) have lost more than 15% since the start of July which Stifel says creates a buying scenario. The Analyst Stifel's Scott Devitt upgraded Stitch Fix from Hold to Buy with an unchanged $35 price target. The Thesis The case for...

Stifel is bullish on the ride-hailing industry and raised its target price on Lyft Inc (NASDAQ: LYFT), while starting coverage of Uber Technologies Inc (NYSE: UBER). The Analyst Stifel’s Scott Devitt raised the target price on Lyft from $70 to $76 and is keeping a Buy rating on the stock....

Notwithstanding the recent sell-off in Alibaba Group Holding Ltd (NYSE: BABA), its shares represent an opportunity for long-term investors, according to Stifel.  The Analyst Analyst Scott Devitt maintained a Buy rating on Alibaba with a $220 price target for Alibaba shares. Stifel also...

Wayfair Inc (NYSE: W) shares continued to fall Friday after reporting a bigger-than-expected first-quarter loss. Sell-side analysts remain mostly cautious on the still-unprofitable e-commerce company, saying heavy spending is a near-term headwind, though several still like the company in...

Google's parent company Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) reported first-quarter results which prompted an immediate sell-off in the stock as the report showed a deceleration of growth in certain key metrics. Here is a summary of how some of the Street's top analysts reacted to...

Okay, Google, what’s the Street saying about your mixed first-quarter earnings? The Rating Stifel analysts Scott Devitt and Logan Thomas downgraded Alphabet Inc Class A (NASDAQ: GOOGL) to Hold and maintained a $1,287 price target on the stock. The Thesis For the first time since 2015, the...

Longtime Square Inc (NYSE: SQ) CFO Sarah Friar confirmed Wednesday she will step down from her post to assume the CEO title of Nextdoor, a social network for local neighborhoods. Square's stock sold off more than 15 percent Thursday. Here's a summary of how some of the Street's top...

Just days after a sell-side firm predicted Amazon.com, Inc. (NASDAQ: AMZN) shares will skyrocket to $3,000 by 2020, one Stifel analyst raised the firm's price target to suggest roughly 28-percent upside from current levels. The Analyst Analyst Scott Devitt maintained a Buy rating on...

Latin American e-commerce and payment company Mercadolibre Inc (NASDAQ: MELI) fell short on multiple metrics in its second-quarter report, but the worst is now behind it, according to Stifel. The Analyst Stifel's Scott Devitt upgraded Mercadolibre from Hold to Buy with an...

Etsy Inc (NASDAQ: ETSY) shares are soaring after a second-quarter earnings and sales beat Monday that also saw the company raise its 2018 guidance. Here's how three analysts reacted.  Stifel  Etsy has "a bounce in its step," said Stifel analyst Scott Devitt. He...

Amazon.com, Inc. (NASDAQ: AMZN) reported earnings for the second quarter Thursday. Earnings per share and sales came in at $5.07 and $5.29 billion, respectively. The company also issued guidance for Q3 just below consensus estimates, but with significantly higher operating profits. It was this...

Investors punished eBay Inc (NASDAQ: EBAY) after its second-quarter earnings report and forward looking guidance disappointed many investors. Here's a summary of how five of the Street's top analysts reacted to the print. The Analysts Morgan Stanley's Brian Nowak maintains an...