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Bullish Shopify Analyst Says E-Commerce Platform In Early Stages Of Growth
Wednesday, September 30, 2020 - 11:49am | 263Read More...Shopify Inc (NYSE: SHOP) has the ability to capture share in e-commerce in the near term and is poised to benefit from the acceleration in e-commerce trends over time, according to Wedbush. The Shopify Analyst: Ygal Arounian upgraded Shopify from Neutral to Outperform and raised the price target...
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E-Commerce, Leadership, Blockchain: Why Wedbush Is Turning Bullish On Overstock
Wednesday, September 16, 2020 - 2:10pm | 260Read More...Overstock.com Inc (NASDAQ: OSTK) is set to capture gains in home goods as micro and macro level catalysts drive continued upside to revenue, according to Wedbush. The Overstock Analyst: Ygal Arounian initiated coverage of Overstock with an Outperform rating and $92 price target. The Overstock...
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Should Investors Continue Riding With Uber? The Street Weighs In
Friday, August 7, 2020 - 1:59pm | 1008Read More...Ride-hailing and delivery company Uber Technologies Inc (NYSE: UBER) reported mixed second-quarter results Thursday that prompted Street analysts to debate whether the company is overly exposed to COVID-19 headwinds. The Uber Analysts Raymond James analyst Aaron Kessler maintains a Market...
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Why Wedbush Says Shopify's Q2 Results Were A 'Blowout'
Thursday, July 30, 2020 - 12:39pm | 284Read More...Shopify (NYSE: SHOP) posted a "blowout" second quarter Wednesday, with revenue that came in nearly 40% above expectations, according to Wedbush Securities. The Shopify Analyst: Ygal Arounian maintained a Neutral rating on Shopify and raised price target from $998 to $1,053. The Shopify...
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GrubHub Ditches Uber For Europe's Just Eat: What The Street Thinks
Thursday, June 11, 2020 - 10:15am | 769Read More...Food delivery company GrubHub Inc (NYSE: GRUB) agreed to sell itself to Europe's JUST EAT TAKEAW/ADR (OTC: TKAYY) Wednesday in an all-stock transaction for $75.15 per GrubHub share. The announcement follows reports that Uber Technologies Inc (NYSE: UBER) was looking to buy GrubHub for around $...
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Uber, GrubHub Analysts Dish Opinions On Reported M&A Talks: 'Not Surprising'
Tuesday, May 12, 2020 - 3:34pm | 839Read More...If media reports are accurate that Uber Technologies Inc (NYSE: UBER) is in talks to acquire rival food delivery platform GrubHub Inc (NYSE: GRUB), it would be both an offensive and defensive move, according to Wedbusgh. The Uber Analysts Wedbush analyst Ygal Arounian maintains an Outperform rating...
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Wall Street Weighs In On Pinterest's Disappointing Quarter
Wednesday, May 6, 2020 - 12:15pm | 632Read More...Pinterest Inc (NYSE: PINS) shares were tumbling more than 12% on Wednesday after the company reported slowing user growth in the first quarter. On Tuesday afternoon, Pinterest reported an adjusted earnings per share loss of 10 cents on revenue of $272 million. Losses were slightly heavier than the...
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GoDaddy Is Resilient, With Attractive Valuation, Wedbush Says In Upgrade
Monday, April 6, 2020 - 10:11am | 337Read More...GoDaddy Inc (NYSE: GDDY) has a business model that is “relatively resilient to coronavirus pressures,” its fundamentals are moving in the right direction and the stock's valuation represents an attractive entry point, according to Wedbush. The GoDaddy Analyst Ygal Arounian upgraded...
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What To Do With Etsy's Stock After 15% Surge
Thursday, February 27, 2020 - 7:34pm | 720Read More...Online marketplace Etsy Inc (NASDAQ: ETSY) reported fourth-quarter results that came in above expectations and was followed up with better-than-expected guidance for 2020. Here is a summary of how some of the Street's top analysts reacted to the print. The Etsy Analysts Nomura Instinet analyst...
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Zillow Soars 20% But Are Analysts Just As Bullish?
Thursday, February 20, 2020 - 3:30pm | 776Read More...Online real estate platform Zillow Group Inc (NASDAQ: ZG) reported fourth-quarter results, highlighted by a revenue beat and a much better than expected loss. Here is a summary of how some of the Street's top analysts reacted to the print. The Zillow Analysts Goldman Sachs analyst Heath...
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Analysts In Wait-And-See Mode On Groupon After Business Shift, Weak Q4 Earnings
Thursday, February 20, 2020 - 11:25am | 546Read More...After a disappointing fourth quarter and a decision by Groupon Inc (NASDAQ: GRPN) to give up on its "Groupon Goods" online merchandise sales business, sell-side analysts dropped price expectations on the stock and issued reminders about ongoing headwinds for the Chicago-based marketplace...
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5 Analysts Raise Shopify Price Targets After Strong Quarter
Thursday, February 13, 2020 - 12:10pm | 764Read More...Shopify Inc (NYSE: SHOP) surged after beating fourth-quarter estimates in gross merchandise volume (GMV), subscription revenue, merchant services revenue, and operating income. The company’s 47% total revenue growth represented its first quarter-over-quarter acceleration since 2013, while the...
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Pinterest Has The Opportunity To Create A 'Uniquely Strong Shopping Platform'
Friday, February 7, 2020 - 3:40pm | 714Read More...Pinterest Inc (NYSE: PINS) beat almost all Street estimates in its fourth-quarter earnings report. While monthly active users (MAU) trended in line with forecasts, total revenue grew 46%, conversion optimization revenue popped 150%, and earnings before interest, tax, depreciation and amortization...
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Uber's End To 'Rock Star-Like Spending,' Aim For Quicker Profitability
Friday, February 7, 2020 - 9:54am | 816Read More...A big step toward profitability at Uber Technologies Inc (NYSE: UBER) and a stated interest at the company in ramping toward making money more quickly boosted the ride-hailing company's credibility on Wall Street, prompting sell-side analysts to boost price expectations on the stock. Analysts...
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Wedbush Adds Uber To 'Best Ideas List,' Sees Upside To $50
Monday, February 3, 2020 - 9:26am | 362Read More...Uber Technologies Inc (NYSE: UBER) investors who bought at the IPO have been living through a "nightmare," but the "dark clouds" are starting to clear, according to Wedbush. The Uber Analysts Ygal Arounian and Daniel Ives added Uber's stock to Wedbush's "Best Ideas...
