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.
Warner Music Group Gets Flurry of Positive Ratings from Wall Street
Warner Music Group is getting the approval of several analysts as many begin initiating coverage of the pure-play music company with positive ratings and price targets ranging from $28 to $40.
3 Potential Winners, Other Than Tesla, from California’s New Zero-Emission Truck Rule
California’s Air Resources Board passed a new rule that requires commercial trucks and vans sold in the state by 2045 to be zero-emission. Outside of Tesla, which announced its Class 8 semi-truck in November 2017, there are a handful of other companies that could capitalize on California’s new rule, according to Cowen analyst Jeffrey Osborne.
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.
Nike’s Reliance on Wholesale a Top Risk Despite Digital Growth
Optimism that was building up leading into earnings has been deflated following weaker than expected fourth quarter results and a disappointing 1H21 outlook. While digital sales growth served as a silver lining, investors are zeroing in on the 38% sales drop and surprise earnings loss.
The Sims is an Underrated Asset for EA: Needham
FIFA and Madden are Electronic Arts’ prized possessions, but The Sims is the underrated asset creating upside for the stock, according to Needham analyst Laura Martin. Martin raised her price target to $150 from $135 on Friday morning.
Spotify Stays Hot with Goldman PT Hike
Spotify’s string of new content deals and monetization innovation is prompting Goldman Sachs to lift its price target for shares to $280, up from $205.
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.
DraftKings News Flow: Fresh Capital, Legalization Roadmap, COVID-19 Surge
California is the big prize for online sports betting, but the path to legalization has recently become a little less clear. Plus, investors, driven by the optimism for the return of sports, have piled into DraftKings stock but a resurgence in Coronavirus is making the future of sports more difficult to predict.
Dick’s Sporting Goods is Stepping Up Its Sneaker Game
Strong online growth and positive sneaker trends are setting up the sports retailer for future gains, according to Cowen analyst John Kernan. The firm upgraded shares of Dick’s Sporting Goods to OUTPERFORM from MARKET PERFORM, with a price target increase to $50 (from $36).
Manchester United’s Financial Stability, Prowess On the Pitch Make its Stock a Winner
Have you ever wanted to be an owner of a sports team, but couldn’t scrape up the millions or billions of dollars it takes to purchase one? Well, for less than $20, you can be a part-owner in Manchester United, and Jefferies analyst Randy Konik recommends purchasing MANU stock.
The Case for Buying Nike Ahead of Earnings
Nike is heading into its earnings report in a position of strength and will likely emerge from COVID-19 with a competitive edge over its rivals, according to a number of Wall Street analysts. Nike delivers its quarterly results on Thursday, and analysts are pumping up their price targets in anticipation of positive near-term performance.
Etsy is “Crafting” Its Way Higher: RBC
Shares of Etsy are up 120% year-to-date, benefiting from a herd of consumers that rushed to the e-commerce company’s website for masks and other goods. With expectations that many of the new buyers who purchased from Etsy for the first time will become repeat customers, RBC analyst Shweta Khajuria raised her price target for the stock to $117, up from $79, on Monday evening.
Apple Hits All-Time High
Shares of Apple are trading at an all-time high and making their way towards $400 a share following a price target hike from UBS.
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.
Hard Tea and Spiked Seltzer Strength Make Boston Beer a Top Pick: Cowen
Spiked seltzer and hard tea are the darlings of the alcohol business, and having strong brands in each category makes Boston Beer Company a stock to own, according to Cowen. The research firm rates Boston Beer company as its best Small-Mid Cap idea and its #2 Top Pick overall, citing growth in the Truly and Twisted Tea brands.
A Whole New Norm Could Spell Trouble for Disney
Disney’s dependence on experiences, particularly Parks and Films, puts its business at the mercy of an untamed coronavirus outbreak. Wells Fargo Securities reiterated its Equal Weight rating and bumped up its price target to $118 from $107, saying it is not convinced the country or world will soon have a handle on the pandemic.
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.