The Latest Breaking News from Steven Cahall

The growth of Disney+ and the parks and resorts segment, as well as a new ad-supported plan, were among the topics that weighed on analysts after Walt Disney Co (NYSE: DIS)

Netflix, Inc. (NASDAQ: NFLX) shares gained 7.1% on Wednesday after the company reported better-than-expected subscriber losses in the second quarter and detailed plans to launch a new, low-cost, ad-supported subscription tier.

Spotify Technology S.A. (NYSE:SPOT) slowed hiring by 25%, CNBC reports based on a companywide email from CEO Daniel Ek. However, he added the company would “continue to still hire and grow, we are just going to slow that pace and be a bit more prudent with the absolute level of new hires over…

Wells Fargo analyst Steven Cahall upgraded Spotify Technology S.A. (NYSE:SPOT) from Underweight to Equal-Weight. He raised the price target from $101 to $124. Following its June 2022 investor day, Cahall gained more compelling insights into SPOT's operating leverage.  Cahall noted the company's belief in accomplishing an operating margin of ~10% in ~5 years, as gross…

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.

Walt Disney Co (NYSE: DIS) shares traded lower by 3.7% on Thursday after the company reported first-quarter earnings and said ongoing COVID-19 disruptions are weighing on its Asia theme park business.

Sinclair Broadcast Group said it earned $2.59 billion — yes, with a B — in the first quarter as it “deconsolidated” its local sports segment from its financial statements.

Goldman Sachs analyst Brett Feldman maintained a Buy rating on The Walt Disney Co (NYSE:DIS) after attending the company's Disney Parks Investor Experience at Walt Disney World in Orlando.  Feldman's conviction in the firm's outlook has increased following the event. The analyst notes that the new reservation system and Genie app provide new insights with…

Analysts slashed their price targets on Roku Inc (NASDAQ:ROKU) post Q4 results. Pivotal Research analyst Jeffrey Wlodarczak downgraded to Sell from Hold with a PT of $95, down from $350 (34.4% downside).  The company reported an "overall mixed" Q4 as it issued a lower than forecast 2022 revenue outlook and decided to "massively ramp" operating expenses,…

Wells Fargo analyst Steven Cahall raised the price target on Omnicom Group Inc (NYSE:OMC) to $96 from $85 (21.6% upside) and kept an Equal Weight rating on the shares.  The analyst said Omnicom posted a "very solid" quarter amidst somewhat low expectations.  Guidance for 5%-6% growth indicates "much stronger underlying trends," but the upside potential…

RBC Capital analyst Steven Cahall upgraded the rating on Comcast Corp (NASDAQ:CMCSA) to Outperform, from Sector Perform, with a $60 price target, suggesting an upside of 18%. Cahall stated that the recent 19% sell-off since early August is overdone. "While we acknowledge that telco fiber and fixed wireless will pressure Comcast's fundamentals, our analysis…