Tesla’s Q2 Delivery Victory Puts Old School Automakers on Notice
Tesla investors are celebrating a major achievement by Elon Musk and Co. The electric vehicle maker cruised past expectations for Q2 deliveries, despite its Fremont assembly plant being shut down for almost half the quarter due to COVID-19.
Original Content and Pricing Power are Leading Catalysts for Netflix
Netflix is becoming more of a must-have streaming service, putting the company in a position to jack up prices without losing a significant portion of subscribers, according to Cowen. The firm raised its price target to $535 from $485 on Tuesday morning, suggesting 20% upside for the stock.
Is Mirror the Next Peloton? Not so Fast
Lululemon thinks it found the next Peloton, expanding into fitness technology with its $500 million acquisition of Mirror, an at-home fitness subscription company.
Facebook Ad Boycott Creates Buying Opportunity: Analyst
Facebook’s stock is taking a hit as the list of brands that are bailing on Facebook continues to grow in response to the social media company’s refusal to fact-check President Trump’s tweets. The fallout, however, might not be as drastic as the stock market is forecasting and creates a buying opportunity, according to Raymond James analyst Aaron Kessler.
Peloton FOMO Pushes Stock to New High
Raymond James has a case of FOMO. The firm is jumping back into its coverage of Peloton with a price target of $65 and an OVERWEIGHT rating.
Peloton is Not a Fad, Holiday-like Demand to Continue for Several Quarters: Analyst
Peloton is capitalizing on the confluence of shifting consumer behavior, gym closures, and social distancing, and could see holiday-like demand for several quarters, according to Stifel analyst Scott Devitt. The firm raised its price target for Peloton shares to $62 (from $55) and reiterated its BUY rating late Sunday night.
Sonos is “The Apple of Home Audio”
Sonos is dominating the connected home speaker category, beating out Apple, Google, and Amazon, according to notable short-seller Citron Research. As of Monday morning, the firm is calling for shares of Sonos to hit $30 in 2020.
Snap Price Target Increased to $26 by Stifel
Snap is building a case that it is among the best-positioned companies to capture a growing share of digital advertising dollars in a post-COVID environment. On Friday, the Snapchat parent company received a price target hike to $26 (previously $18) from Stifel analyst John Egbert.
The ‘Hidden Value’ of Amazon’s Media Business
Amazon’s media businesses today are worth about $500 billion, or 38% of the internet giant’s total value, according to new analysis from Needham. Analyst Laura Martin, who initiated coverage of the stock Wednesday with a $3,200 price target, says Amazon’s media assets are 90% as valuable as AWS, “but these revenue streams are somewhat ‘hidden’ since AMZN doesn’t break out their revenue or operating income.”
Shopify is Underappreciated, Despite Stock Doubling in 2020: Analyst
Shares of Shopify are up more than 100% since the start of 2020, but RBC believes the e-commerce stock is still undervalued. Internet analyst Mark Mahaney raised his price target to $1,000 (from $850) on Wednesday after the bell.
Survey of Netflix Subscribers Indicates Pricing Power Abroad
International growth is the key for Netflix as it faces intense competition in the U.S. and abroad. Jefferies surveyed Netflix subscribers across the U.S, UK, and India, and found that the streaming service has the flexibility to raise prices in some of its most important markets.
Controversial Trucking Company Nikola Scores Bullish Call from Wall Street
Nikola, the auto company with a $23 billion valuation and zero revenue, has won over a new bull on Wall Street. Cowen’s Jeffrey Osborne initiated coverage of Nikola with an OUTPERFORM rating and a price target of $79. The PT is based on 2025 sales.
What the Rise of TikTok Means for Snap
TikTok has been the most popular app of 2020 and is showing little signs of slowing down. Despite competing for screen time from a similar demographic, Wall Street believes the two video-first mobile apps can co-exist.
Tesla Investor Ross Gerber on Model Y, Battery Tech, Nikola, and More
Tesla’s meteoric rise past $1,000 a share sparked downgrades from Goldman Sachs and Morgan Stanley, but investors focused on the long-term story of Tesla should not get distracted by near-term commentary about valuation, according to notable Tesla investor Ross Gerber.
Power Balance in Food Delivery Shifts As Just Eat Takeaway Steals Grubhub From Uber
Grubhub is set to be acquired by Just Eat Takeaway.com for $7.3 billion following a failed attempt by Uber to purchase the food delivery company.
Chewy Shares Have the Bite to Match the Bark
Chewy had a lot to prove in order to match Wall Street’s elevated expectations heading into its earnings report and the pet e-tailer lived up to the hype.
Amazon Price Target Raised to a Street High $3,300 by RBC Despite "Disturbing" Trend
Online Retail is a “Structural Winner from the COVID Crisis” and Amazon is likely the best global play off of Online Retail, according to RBC analyst Mark Mahaney.
Tesla Bull Case at $1,350 a Share: Wedbush
The opening of the Fremont factory and the strengthening of Model 3 demand out of China are key catalysts that can push Tesla’s stock to $1,350, according to Wedbush Securities. The firm’s analyst Dan Ives lifted his bull case scenario price target by 35%, up from $1,000. The firm raised its base case price target to $800 from $600, and maintained a NEUTRAL rating.
How Joe Rogan Fits Into Spotify’s Plan for Podcast Supremacy
Spotify is adding another prized asset to its growing list of podcast properties with the acquisition of The Joe Rogan Experience podcast and video-cast.
What the Reopening of Gyms Means for Peloton, Planet Fitness
Gyms across the country are beginning to reopen as states start to give Americans the green light to leave their homes. One question investors are asking is whether Peloton can sustain its growth while stay-at-home orders loosen up.