Amazon’s Ad Business Worth $350 Billion: Analyst
Amazon’s stock price is ignoring the company’s booming advertising business, according to Jefferies analyst Brent Thill, who now values the segment at $350 billion. Thill upped his estimate from $300 billion, citing a surge in consumers flocking to Amazon for grocery shopping as a result of the pandemic.
The 3 Top Reasons Walmart Wants a Piece of TikTok
Walmart is considering a joint bid for TikTok and the increasingly blurred line between retail and social commerce is one of the key reasons that TikTok’s viral video factory would accelerate sales for Walmart.
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.
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).
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.
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.
Lululemon Remains a Favorite Among Analysts After Earnings
Lululemon shares pulled back following a mixed earnings report, but analysts are rallying around the athletic-wear company and calling it a best-of-class specialty retailer.
Better Coffee Play: Starbucks or Dunkin’?
Starbucks vs. Dunkin’: Lower price points and higher drive-thru availability could give Dunkin’ an edge if social distancing measures persist and economic fallout from COVID-19 persists.
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.
Is Stitch Fix the Future of Retail? The Jury Is Still Out
Stitch Fix missed across the board when it delivered its quarterly earnings report on June 8. The data-driven personal styling company generated net revenue of $371.7 million, a drop of 9.1% from last year, even as the pandemic accelerated consumer adoption of online shopping.
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.
A “Post-Quarantine Glow Up” is Coming for Shares of Ulta and Estée Lauder: Analyst
New consumer behavior trends are emerging amid COVID-19, creating opportunities for companies with exposure to skincare and other self-care products, according to Piper Sandler analyst Erinn Murphy. While the recovery of makeup remains murky, the gravitation towards skincare is shaping up to be a habit that will live on after the pandemic.
Hibbett Sports Upgraded by Susquehanna, PT Hiked to $25
Hibbett Sports is immune to the downfall of malls, according to Susquehanna. Analyst Sam Poser notes Hibbett Sports is largely protected from the declining health of malls, giving the retailer a distinct advantage over competitors.
Foot Locker Desperate for the Return of Malls and Basketball
Basketball is at the core of Foot Locker’s business and malls are the key to getting the latest sneakers into the hands of consumers. The pause of basketball across the country, combined with anemic foot traffic to malls, is putting massive pressure on the sports retailer’s business.
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.
Home Improvement Trends Offer Positive Sign for Lowe’s, Home Depot
Not all retailers are created equally. While companies including JCPenney, J.Crew, and Neiman Marcus have filed bankruptcy in the wake of COVID-19, Home Depot and Lowe’s have navigated the pandemic largely unscathed as homeowners take on DIY projects.
Chipotle’s Path to $1,100 a Share
Chipotle’s stock has more than doubled since it hit a 52-week low of $415 a share in March, and Piper Sandler believes there is still 20% upside potential in the next year.
Is Casper a Sleeper Pick?
Wall Street hasn’t yet bought into Casper’s mission as an end-to-end sleep company, but an e-commerce-centric business model and a shifting focus towards profitability could make Casper a compelling underdog story.