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News Byte

Analysts Give Yelp a Lukewarm Review

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.

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AOL: Does It Have a Second Act? Jefferies Launches With Hold.

in News on March 2, 2010 at 5:00 am PT

Jefferies analyst Youssef Squali late Monday launched coverage of AOL with a Hold rating and $27 price target. He thinks AOL just might be able to pull off a turnaround–but patience will be required.

Wall Street Punishes Netflix for Making Wall Street Happy

in Media on December 4, 2009 at 10:11 am PT

Shares in Netflix, which have have more than doubled in the last year, are a bit down today. What gives? Best to be wary of anyone who tells you why a stock moves on a given day, but a good bet here would be: Shares in Netflix have more than doubled in the last year.
netflix ticket

Palm: On a Road to Recovery or a Highway to Hell?

in News on November 2, 2009 at 8:15 am PT

With Palm’s shares up more than 900 percent since January, they were destined to suffer a correction someday. And now it seems that day has finally come. Shares in the handset maker fell some 23 percent last week amid concerns about increased competition from Google’s Android operating system, which is being rolled out on a number of devices at a variety of carriers, including Palm partner Sprint.
mcnamee_hell

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Salesforce.com: The Stock Is Too High, Wedbush Says

in News on April 9, 2009 at 12:25 pm PT

Take profits in Salesforce.com, Wedbush Morgan analyst Michael Nemeroff advises. Nemeroff this morning cut his rating on CRM to Sell from Hold, noting that the shares at last night’s close of $37.38 were more than $10 above his $27 target price.