The Latest Breaking News from Needham

Needham is initiating coverage on Alcon AG (NYSE: ALC) with a Buy rating and 

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Needham analyst Anna Andreeva lowered the price target on Wayfair Inc (NYSE:W) to $150 from $180 and maintained a Buy rating on the shares, implying a 37% upside. The analyst noted that the company's near-term trends remain under pressure amidst a volatile macro backdrop. Andreeva specified that Wayfair has a 2.4% penetration in its largest market,…

Netflix Inc (NASDAQ:NFLX) acquired Boss Fight Entertainment, a mobile game developing studio, Venture Beat reports. The financial terms of the transaction remain undisclosed. Boss Fights joined Netflix's two other game studio acquisitions after Night School Studio and Next Games, Variety reports. Also Read: Needham Sees Netflix Losing Out To Amazon, Disney, Apple and Other Streaming Rivals…

Needham analyst John Todaro has outlined a bullish scenario for Coinbase Global Inc (NASDAQ: COIN) if its upcoming non fungible token (NFT) business takes off as planned.

Revolve Group Inc (NYSE: RVLV) is “an ultimate reopening play” and the Street's sales growth estimate of 35% for the first half of the year in 2022 appears conservative, according to Needham.

Amazon.com Inc (NASDAQ:AMZN) closed the $8.5 billion acquisition of film studio Metro-Goldwyn-Mayer after a clean chit from the U.S. FTC and EU. The EU contended that the deal would not hamper competition as the two companies did not significantly overlap in content production, the Wall Street Journal reports. The FTC also did not…

Needham analyst Laura Martin's March channel checks indicated growing interest toward news acting serving as a headwind for Netflix Inc (NASDAQ: NFLX).  As per Martin, Netflix needs to add advertisements to survive the streaming war. 

The post-Covid recovery in elective procedures is far from certain. But if it materializes, it could stoke some health care stocks.