-
Roku's Slowing Profit Growth Keeps Analysts, Investors Hesitant On The Stock
Thursday, November 7, 2019 - 12:27pm | 537Investors continued to disconnect from Roku Inc (NASDAQ: ROKU) following tepid forward guidance that also failed to impress sell-side analysts, who warned of slowing growth in profits. The sell-off came despite third-quarter revenue and earnings beats on Wednesday. The Analysts Wedbush analyst...
-
In Defense Of Pinterest? These Analysts Stay Positive After Earnings Drop
Friday, November 1, 2019 - 10:34am | 481Image-sharing social media platform Pinterest Inc (NYSE: PINS) disappointed the Street with its third-quarter report, but at least three analysts are defending the company. The Analysts DA Davidson analyst Tom Forte upgraded Pinterest's stock from Neutral to Buy with a $28 price target....
-
What To Make Of Apple Earnings: Wearables, China And Apple TV+
Thursday, October 31, 2019 - 10:18am | 856Apple Inc. (NASDAQ: AAPL) shares traded higher by 2% on Thursday after the company beat earnings and revenue expectations in the fiscal fourth quarter and guided for better-than-expected sales in the critical holiday quarter. Apple reported 18% Services segment growth and 54% revenue growth in...
-
Fitbit Pulls Out Of China To Escape Tariffs
Thursday, October 10, 2019 - 9:39am | 544The Trump administration’s trade policies have finally gotten to Fitbit Inc (NYSE: FIT). The company announced Wednesday that it would shift certain product manufacturing from China to another market in order to evade the cost of Section 301 tariffs. What Happened Beginning in...
-
DA Davidson: Buy GrubHub On Weakness After Chanos Shorts Stock
Friday, September 20, 2019 - 3:11pm | 394Shares of GrubHub Inc (NYSE: GRUB) fell Thursday after Jim Chanos said he is short the stock due to concerns around competition and labor costs. Competition is good for the company, and investors should take advantage of Thursday’s weakness, according to D.A. Davidson. The Analyst Tom Forte...
-
Roku's Rough Week: A Constructive Pullback For The Stock?
Friday, September 20, 2019 - 1:47pm | 602Roku Inc (NASDAQ: ROKU) shares have experienced a steady sell-off this week, culminating in a 20% drop on Friday. Here’s a closer look at the fundamental headlines behind the sell-off and the stock’s technical outlook heading into next week. Negative Headlines On Wednesday, The Verge...
-
Analyst Defends Roku After Comcast Product Launch
Thursday, September 19, 2019 - 11:18am | 406Media giant Comcast Corporation (NASDAQ: CMCSA) will begin offering internet customers a free over-the-top box set, but one Roku Inc (NASDAQ: ROKU) analyst isn't worried about the new competitive landscape. The Analyst D.A. Davidson analyst Tom Forte maintained a Buy rating on Roku with an...
-
Analysts React To Heavy Selling Pressure In The Tech Sector
Monday, September 9, 2019 - 2:01pm | 735Tech stocks led the market lower on Monday, with the Technology Select Sector SPDR Fund (NYSE: XLK) trading down 1% on the day. Twilio Inc (NYSE: TWLO) shares plunged 9.7%, Roku Inc (NASDAQ: ROKU) shares dropped 4.4% and Snap Inc (NYSE: SNAP) shares tumbled 7.1% amid the sell-off. Fearful Investors...
-
Analysts: Are Sonos Investors Tone-Deaf?
Thursday, August 8, 2019 - 3:50pm | 629Smart speaker maker Sonos Inc. (NASDAQ: SONO) posted a strong third-quarter beat Wednesday, but investors aren’t hearing how good things sound for the growing company, sell-side analysts said. The company’s new partnership with Ikea, which will sell Sonos connected speakers, and...
-
Analysts Upgrade Roku, Stock Soars After Big Q2 Earnings Beat
Thursday, August 8, 2019 - 9:43am | 615Roku Inc (NASDAQ: ROKU) reported second-quarter results which prompted two analysts to turn bullish on the streaming content provider. Earnings came in at a loss of 8 cents per share, beating estimates by 13 cents. Sales came in at $250.1 million, beating estimates by $25.9 million. The company...
-
Analyst Likes Amazon, Logitech, Turtle Beach After Fortnite World Cup
Tuesday, July 30, 2019 - 2:13pm | 290After the success of the Fortnite World Cup Finals in New York over the weekend, D.A. Davidson said the battle royale game franchise is "alive and well. The event is a positive data point for the emergence of esports, analyst Tom Forte said in a Monday note. The analyst said he...
-
Analyst Calls Overstock's Crypto Wallet App A 'Significant Milestone'
Friday, June 28, 2019 - 12:05pm | 392Overstock.com, Inc. (NASDAQ: OSTK) is launching a mobile wallet app for buying and using cryptocurrency, leading investors to spend traditional money snapping up the stock Friday morning. The Analyst DA Davidson’s Tom Forte reiterated a Buy rating on Overstock with a $48 price target. The...
-
DA Davidson On Park City Group: 'The Time For Execution Is Now'
Monday, June 24, 2019 - 1:43pm | 337DA Davidson analysts recently hosted investor meetings with Park City Group, Inc. (NASDAQ: PCYG) CFO John Merrill and the conversations emphasized the case for being bullish on the stock. The Analyst DA Davidson's Tom Forte maintains a Buy rating on Park City Group with an unchanged $11.50...
-
DA Davidson: Shopify Could Sustain Solid Sales Growth For Years To Come
Monday, June 24, 2019 - 12:16pm | 393Shopify Inc (NYSE: SHOP) held its Unite partners and developers conference June 18-20 in Canada. The company's recently announced fulfillment, international expansion and retail initiatives should complement its core mission and enable the e-commerce platform to generate “a high rate of...
-
Roku Analyst Lifts Price Target By $18, Details 'Valuable' New Ad Offering
Thursday, May 23, 2019 - 9:19am | 412Roku Inc (NASDAQ: ROKU) announced the addition of Activation Insights to its array of over-the-top advertising tools, the Ad Insights Suite. The move could “serve as a catalyst” for the company’s advertising sales and boosts the near-term and long-term outlook, according to D.A....