Why Apple Won’t Acquire Peloton
Peloton’s subpar technology and inability to follow consumers wherever they go make the connected fitness leader an unattractive acquisition candidate for Apple, according to Needham analyst Laura Martin.
Ranking Big Tech’s Earnings Performance
Apple, Amazon, Alphabet, and Facebook all reported earnings Thursday. Here is a look at how each of them fared.
Apple Services and Wearables to Push Stock to $450: Needham
Apple’s Services and Wearables segments will fuel the company’s ecosystem and drive growth in revenue per user for years to come, according to Needham analyst Laura Martin. The firm raised its price target for the iPhone maker to $450 from $350 on Wednesday.
Spotify Share Price Not Justified: Analyst
While Spotify bulls expect its podcast strategy to boost advertising profits and subscriber additions, Wells Fargo analyst Steven Cahall, who has an UNDERWEIGHT rating and $175 price target, says the stock price has gotten ahead of itself.
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.