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The Latest Breaking News from Brad Erickson

7 Snap Analysts On Q3 Sales Miss: 'Meaningful Competition From TikTok'

Snap Inc (NYSE: SNAP) shares traded lower by 30% on Friday after the company disappointed Wall Street with its third-quarter numbers.

Labor Department Proposal On Gig Workers Hits These Businesses

Labor Department Proposal On Gig Workers Hits These Businesses

Uber stock, as well as Lyft and DoorDash, dropped on a Labor Department proposal that could reclassify millions of gig workers.

Investors Business Daily

Uber Shares Gain As Analysts Cheer Q2 Performance, Free Cash Flow Feats

Uber Shares Gain As Analysts Cheer Q2 Performance, Free Cash Flow Feats

Uber Technologies, Inc (NYSE: UBER) clocked 105% revenue

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Why Pinterest Analysts Are Buying The Story: 'Better-Than-Feared' Q2, New CEO And More

Pinterest reported second-quarter financial results after the close Monday and saw shares jump on the report and guidance that calls for mid-single digit year-over-year growth for the third quarter. Here’s what analysts had to say about earnings and new CEO Bill Ready.

These 7 Analysts Have Very Different Takeaways From Alphabet's Q2 Print

Google-parent Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) reported quarterly revenue at $69.7 billion, up 13% year-over-year but short of Street expectations of $69.88 billion.

8 Snap Analysts React To Q2 Earnings Miss: 'Not Snapping Back Anytime Soon'

Snap Inc (NYSE: SNAP) shares traded lower by 38% on Friday after the company disappointed Wall Street with its second-quarter numbers.

RBC Capital Slashes Price Targets Of Meta, Alphabet, Pinterest, Amazon - Read Why

RBC Capital analyst Brad Erickson dove in deep with SMB-focused advertising agencies for near-term spending feedback and the ever-evolving competitive landscape across different ad channels.

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A Warning Sign For Other Advertisers? Snapchat Analysts React To Shocking Guidance Cut, Stock Sell-Off

A Warning Sign For Other Advertisers? Snapchat Analysts React To Shocking Guidance Cut, Stock Sell-Off

Snap Inc (NYSE: SNAP) shares are plummeting 40% after CEO Evan Spiegel warned employees the company will miss its targets for revenue and earnings in the second quarter.

RBC Capital Sees Sharp Upside In This Work Marketplace

RBC Capital Sees Sharp Upside In This Work Marketplace

RBC Capital analyst Brad Erickson initiated Upwork Inc (NASDAQ:UPWK) with a Sector Perform rating, and a price target of $21, implying an upside of 17%. The analyst initiated UPWK at Sector Perform, reflecting on balanced views of a large TAM and comprehensive services portfolio offset by rising customer acquisition cost, competitive intensity, and likely…

Here's Why Analysts Slashed Price Targets On Fiverr Post Q1

Here's Why Analysts Slashed Price Targets On Fiverr Post Q1

Analysts slashed their price targets on Fiverr International Ltd (NYSE: FVRR)

Bumble Shares Soar On Analyst Confidence Post Q1 Beat

Bumble Shares Soar On Analyst Confidence Post Q1 Beat

Analysts expressed optimism on Bumble Inc (NASDAQ: BMBL) post Q1 beat. Raymond James analyst Andrew Mar

Lyft Analysts React To Q2 Guidance Miss, Heavy Investments In Lagging Driver Recovery

Lyft Analysts React To Q2 Guidance Miss, Heavy Investments In Lagging Driver Recovery

LYFT Inc (NASDAQ: LYFT) shares plummeted 32% on Wednesday after the company issued second-quarter guidance that came up well short of market expectations.

'Pent-Up Demand Driving Strength': Airbnb Analysts React To Q1 Earnings Beat

'Pent-Up Demand Driving Strength': Airbnb Analysts React To Q1 Earnings Beat

Airbnb Inc (NASDAQ: ABNB) shares traded higher by 4.9% on Wednesday after the company reported big first-quarter earnings growth and said it expects a sharp rebound in summer travel in 2022 as pandemic headwinds abate.

Key Takeaways From Analyst Views On Expedia Post Q1

Key Takeaways From Analyst Views On Expedia Post Q1

Analysts gave mixed opinions on Expedia Group, Inc (NASDAQ: EXPE) p

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Investors Business Daily

Early Outlooks On Facebook Earnings Raise Caution Flags

Analysts covering Facebook parent Meta raised concerns Wednesday over the Russia-Ukraine war and its impact on European economies.

Here's How RBC Capital Viewed Meta

RBC Capital analyst Brad Erickson reiterated Outperform on Meta Platforms Inc (NASDAQ:FB), but lowered the price target from $245 to $240 (11.3% upside). Another round of SMB ad agency channel checks raised the conviction that FB will likely see another rocky quarter, prompting lower estimates and PT to $240. The beneficiaries from FB erosion…

Read Why RBC Capital Slashed Price Targets Of Uber, Lyft

RBC Capital analyst Brad Erickson slashed the price target on Uber Technologies Inc (NYSE:UBER) to $50 from $65 (57% upside) but kept an Outperform. Erickson cut the price target on Lyft Inc (NASDAQ:LYFT) to $50 from $53 (37% upside) and kept an Outperform. Erickson cited the findings from RBC's proprietary driver supply analysis that gave a relative…

Analysts Continue To See Sharp Upside In Bumble Post Q4

Analysts continue to see sharp upside in Bumble Inc (NASDAQ:BMBL) despite cutting their price targets post Q4 results. BMO Capital analyst Daniel Salmon upgraded to Outperform from Market Perform with an unchanged price target of $48 (103% upside). Online dating is poised to outperform the internet sector. Cowen analyst John Blackledge raised the price target to $38…

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RBC Capital Cuts Meta Platforms Price Target By 3.6% - Read Why

RBC Capital analyst Brad Erickson lowered the price target on Meta Platforms Inc (NASDAQ:FB) to $400 from $415 but reiterated an Outperform rating on the shares. The price target implies an upside of 32%. The analyst says the data with 26 agency and ad network channel contacts related to overall spending trends are "mixed." Erickson…

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