Here are Friday’s biggest calls on Wall Street: Goldman Sachs upgrades Utz to buy from neutral Goldman said investors should buy the dip in shares of the snacks company. “We upgrade Utz to Buy, as we see an above average top and bottom line growth outlook given the company’s strong position in the attractive salty … Read more
Netflix’s revelation that it lost 200,000 subscribers in the first quarter put further pressure on an already beleaguered tech sector, but top tech analyst Mark Mahaney believes the current weakness in the sector presents several opportunities for investors. Aaronp / bauer-griffin | Gc Images | Getty Images Here are the stocks making headlines on Friday, … Read more
Check out the companies making headlines before the bell: DocuSign (DOCU) – The electronic-signature technology company’s stock plunged 26.1% in the premarket after its quarterly profit and revenue fell short of Wall Street forecasts. DocuSign had previously warned that a return to post-Covid working conditions could cut into its business. Vail Resorts (MTN) – Vail … Read more
It’s time to sell Netflix as the potential of an impending recession and rising competition pressure the beaten-up streaming giant, Goldman Sachs said. “We downgrade NFLX to Sell (from prior Neutral rating) as we have concerns around the impact of a consumer recession as well as heightened levels of competition on demand trends (both in … Read more
It’s been a painful year for newly debuted tech companies, but investors can find treasure in the rubble if they know where to look, according to Bank of America. Tech companies especially have suffered as the Federal Reserve proceeds on its rate-hiking campaign. Higher interest rates are particularly tough on tech names as they reduce … Read more
A man photographs a banner for Snap Inc. on the facade of the New York Stock Exchange on the morning of the company’s IPO in New York City, March 2, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading Tuesday. Snap – Shares of Snapchat’s parent company plummeted 41.2% after … Read more
Here are Tuesday’s biggest calls on Wall Street: Atlantic Equities downgrades Roblox to neutral from overweight Atlantic Equities downgraded the stock due to “weakening app download trends.” “We believe Roblox is taking the right approach to increase focus on monetization and YoY bookings trends should improve going forward as comps get easier. However, weakening app … Read more
Things aren’t looking so good for Roblox, Atlantic Equities said. Analyst Kunaal Malde downgraded shares of Roblox to neutral, saying in a Tuesday note that flagging user engagement numbers suggest trouble ahead as the company tries to monetize its online gaming platform. “We believe Roblox is taking the right approach to increase focus on monetization … Read more
An attendee tries out an Electronic Arts video game during the annual Studio Showcase media event at the company’s headquarters in Redwood City, California. Tony Avelar | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Unity Software – The stock plunged more than 33% after the video game software company … Read more
A child looks back at a banner for Roblox, displayed to celebrate the company’s IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, March 10, 2021. Brendan McDermid | Reuters Shares of Roblox were up 10% Wednesday morning, marking a strong turnaround from an initial 10% plunge on Tuesday … Read more