Citi

News Byte

Analysts Give Yelp a Lukewarm Review

Tricia Duryee in Commerce on April 11 at 4:20 pm PT

Now that Yelp’s quiet period has expired, analysts have started to issue their first report cards. The results are unanimous: Out of four reports issued by Jefferies, Citi, Goldman Sachs and Oppenheimer, there are zero buy recommendations, Forbes writes. But that’s because the company’s stock price, which has soared 72 percent since last month’s IPO, hovers near or above all of the analysts’ price targets. Today, the stock fell 38 cents, or 1.5 percent, to close at $25.43 a share.

News Byte

Citi: Positive Trends Ahead for E-Commerce

Lauren Goode in News on February 17 at 11:50 am PT

According to a brief from comScore, total U.S. online spending in January — including retail and travel — grew 13 percent year over year to $23 billion, compared to 11 percent in December. Both months were pointing slightly downward from fourth-quarter online spending, which saw 14 percent year-over-year growth, but Citi analyst Mark Mahaney said in a note that he sees overall positive trends ahead in e-commerce, with the possibility of seeing pre-recession 20 percent growth rates. Key segments contributing to January’s overall growth included online sales of computer software, jewelry and watches, and home electronics.

News Byte

iPad 3 Debut in February? Hmm, Steve’s Birthday Is the 24th.

John Paczkowski in News on December 8, 2011 at 11:35 am PT

Apple’s next generation iPad could debut a month earlier than its predecessor. Industry sources tell Citi analyst Richard Gardner that the iPad 3, or whatever it’s to be called, will launch sometime in February. That’s a month earlier than Apple showed off the iPad 2, and a month later than the original iPad. As far as specs for the device go, Gardner doesn’t have much to say, though he does believe it will have a display with a resolution significantly higher than that of the current model.

News Byte

LivingSocial Hires Dickson Chu of Citi to Head Up Local Merchant Initiatives

Tricia Duryee in Commerce on November 30, 2011 at 12:50 pm PT

LivingSocial, the second-largest daily deals company, has hired Dickson Chu as SVP of Merchant Solutions. Chu was Managing Director of Digital Networks at Citi’s Global Enterprise Payments unit, and before that, a VP at PayPal. In addition, LivingSocial promoted Jake Maas to SVP of Consumer Businesses and Eric Eichmann to President of International.

News Byte

Electronic Arts Stock Trades Higher on Analyst Upgrade

Tricia Duryee in Commerce on November 28, 2011 at 9:27 am PT

Financial analysts are starting to like the story being spun by Electronic Arts as it pours billions of dollars into mobile, social and online gaming. Citi analyst Neil Doshi upgraded EA to “buy” from “neutral” today, pushing the stock up more than 6 percent, or $1.36 a share, to $22.19. “As we’ve noted before, we like the fact that [Electronic Arts] plays in all of the online pies,” wrote Doshi, who reaffirmed his target price of $26.