Wall Street climbs as Fed puts December rate hike in play

Poor New Product Sales Negatively Effect GoPro's (GPRO) 3Q Revenue; Northland Capital Markets Cuts Price Target to $39

October 29, 2015 10:38 AM EDT

Northland Capital Markets maintained an Outperform rating on GoPro (NASDAQ: GPRO), and cut the price target to $39.00 (from $80.00), following the company's 3Q earnings results. GPRO reported non-GAAP earnings of $0.25, $0.04 below guidance of $0.29-$0.32. Revenue was negatively impacted by weak sales of GPROs new... More

Oppenheimer Remains Sidelined Following a Rough 3Q for GoPro (GPRO)

October 29, 2015 9:32 AM EDT

Oppenheimer maintained a Perform rating on GoPro (NASDAQ: GPRO) following the company's 3Q earnings results and guidance. GPRO guided 4Q sales at $500-550M vs. consensus of $675M, and EPS at $0.35-0.45. GPRO also announced a $300M share repurchase program and more aggressive marketing... More

FBR Capital Downgrades Akamai Technologies (AKAM) to Underperform

October 29, 2015 6:41 AM EDT

FBR Capital downgraded Akamai Technologies (NASDAQ: AKAM) from Market Perform to Underperform with a price target of $49.00 (from $59.00), saying lower media traffic outlook to drive lower 2016 growth.

Analyst David Dixo commented, "Yesterday, following its 3Q15 earnings report, AKAM shares were down ~17% on a more muted media traffic outlook, which appears... More

Twitter (TWTR) Sees Steady Recovery Off Lows

October 28, 2015 11:58 AM EDT

After starting the day down 10% following disappointing results/guidance, Twitter (NYSE: TWTR) continues to recover lost ground. Shares last traded down 5.9%.

... More

Tax-Related Miss Blamed for Decline in Ford Motor (F) Shares; UBS Cuts Price Target to $22

October 28, 2015 11:31 AM EDT

UBS maintained a Buy rating on Ford (NYSE: F), and cut the price target to $22.00 (from $23.00), following the company's 3Q earnings results. Ford shares fell ~5% after todays tax-related miss.

Analyst Colin Langan commented, "The reaction likely reflects the higher tax forecast & a... More

Twitter (TWTR) Attributes EBITDA Upside to Cost Shifting to 4Q; Sterne Agee CRT Remains Neutral

October 28, 2015 10:30 AM EDT

Sterne Agee CRT maintained a Neutral rating on Twitter, Inc. (NYSE: TWTR) following the company's 3Q earnings results. 3Q revenue and EBITDA were 2% and 22%. Management attributed some of the EBITDA upside to costs shifting to 4Q. Monthly Active Users (MAUs) were again light relative to... More

Twitter (TWTR) PT Cut to $32 at BMO Capital

October 28, 2015 9:12 AM EDT

BMO Capital analyst Daniel Salmon reiterated a Market Perform rating and lowered his price target on Twitter, Inc. (NYSE: TWTR) to $32.00 (from $34.00).

Salmon commented, "With a new CEO and a number of new product and feature launches recently -- most importantly, Moments and Promoted Moments in the US -- we... More

Apple (AAPL) iPhone Growth Sustains Despite Worries, RBC Capital Notes

October 28, 2015 9:03 AM EDT

RBC Capital analyst Amit Daryanani reiterated an Outperform rating and $150 price target on Apple (NASDAQ: AAPL) noting iPhone growth sustains despite the worries.

Daryanani commented, "AAPL printed upside to Sept-qtr results and guided Dec-qtr inline with street expectations (though we suspect much... More

Apple (AAPL) Revenue Guidance 'a Source of Relief', BMO Capital Says

October 28, 2015 8:50 AM EDT

BMO Capital analyst Keith Bachman reiterated an Outperform rating and $145 price target on Apple (NASDAQ: AAPL). While the analyst had expected weakness in revenue guidance, Applel's guide was only about 80 bps lower than consensus at the midpoint.

"Against a wall of worry created by the supply chain, we... More

New Twitter (TWTR) Off-Network Disclosure Foreshadows Lower Margins, Evercore ISI Says

October 28, 2015 8:44 AM EDT

Evercore ISI analyst Ken Sena reiterated a Hold rating and lowered his price target on Twitter, Inc. (NYSE: TWTR) to $25.00 (from $32.00), saying new the off-network disclosure foreshadows lower margins.

Sena commented, "While MAUs missed and FY guidance was lowered, the more... More

Apple (AAPL) iPhone Growth Continues on China, Low Installed Base Penetration, and Android Switchers - Stifel

October 28, 2015 8:41 AM EDT

Stifel analyst Aaron Rakers reiterated a Buy rating and $150 price target on Apple (NASDAQ: AAPL) following Q4 results noting iPhone growth continues on China momentum, low installed base penetration and android switchers.

Rakers commented, "While concern over slowing / negative iPhone growth is likely... More

Tough Comps Likely to Impact Apple (AAPL) Stock Performance, Mizuho Securities Says

October 28, 2015 8:28 AM EDT

Mizuho Securities analyst Abhey Lamba reiterated a Neutral rating and $125 price target on Apple (NASDAQ: AAPL) following Q4 results, noting iPhone unit outlook is in-line with the Street but tough compares will likely impact the stock performance.

Lamba commented, "Apple reported F4Q15... More

Twitter (TWTR) U.S. MAUs Flat for 2nd Straight Quarter, RBC's Mahaney Highlights

October 28, 2015 8:22 AM EDT

RBC Capital analyst Mark Mahaney reiterated a Sector Perform rating and cut his price target on Twitter, Inc. (NYSE: TWTR) to $34.00 (from $41.00) following results. The analyst said they are more cautious. He notes that U.S. MAUs have been flat at 66MM for two straight quarters, and... More

Apple (AAPL) 'Beat and Raise' Earnings Has Give Way to 'Holding Pattern', Cowen Comments

October 28, 2015 8:18 AM EDT

Cowen analyst Timothy Arcuri reiterated an Market Perform rating and $135 price target on Apple (NASDAQ: AAPL) following results. The analyst notes the company's 'beat and raise' earnings pattern has given way to a holding pattern.

Arcuri commented, "While headline guidance was... More

iPhone and China Drives Apple (AAPL) Growth, Macquarie Highlights

October 28, 2015 7:30 AM EDT

Macquarie analyst Ben Schachter affirmed his Outperform rating and $133 price target on Apple (NASDAQ: AAPL) after the company beat estimates after the close. The analyst was positive on iPhone and China growth.

Schachter commented, "iPhone and China growth were the key positives, as each drove... More

Apple (AAPL) 'Climbing the Great Wall of Worry', Drexel Hamilton Says

October 28, 2015 7:24 AM EDT

Drexel Hamilton analyst Brian White reiterated a Buy rating and $200 price target on Apple (NASDAQ: AAPL) following Q3 results, saying the company is effectively "climbing the wall of worry" with the iPhone super cycle intact.

White highlighted:

Up against a wall of worry heading into this report, Apple delivered Q4:FY15 results that beat our EPS estimate (and the Street) and provided a healthy 1Q:FY16 outlook with the company's trademark conservatism.Despite difficult YoY comparisons, the company expects iPhone growth in 1Q:FY16, while Apple fever continued... More