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Benchmark's Dan Kurnos Previews eBay's Q4 Earnings
Tuesday, January 24, 2017 - 11:34am | 318Read More...eBay Inc (NASDAQ: EBAY) is scheduled to report its Q4 2016 results on January 25. Although the company is likely to have gained market share, any upside surprise may be offset on a reported basis by an expected currency headwind, Benchmark's Dan Kurnos said in a report. He maintains a Buy...
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How To Value CBS In Light Of Radio Segment Spinoff
Thursday, January 12, 2017 - 10:17am | 323Read More...Shares of CBS Corporation (NYSE: CBS) have been on an upswing since September 2016, backed by several positive headlines and strong financial results. The company would face two quarters of tough comps before “a meaningful growth reacceleration” beginning in the second half of 2017...
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Blucora Is More Undervalued Than It Looks On Paper
Thursday, December 29, 2016 - 11:56am | 300Read More...With Blucora Inc (NASDAQ: BCOR) shares up more than 50 percent, year-to-date, Benchmark’s Daniel L. Kurnos noted that the stock had not benefited to the same degree as other financials following the surprising result of the presidential election. Kurnos maintains a Buy rating on the company,...
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Benchmark Lifts Targets On 4 Enterprise Software Stocks
Thursday, December 29, 2016 - 10:49am | 495Read More...The broader software index was down since the election, as certain policies from President-elect Donald Trump could hurt the sector, especially stricter visas and tighter federal IT spending. But, Benchmark Capital said the Trump rally has been kind to a handful of software stocks, particularly...
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A Possible Explanation For Expedia's Selloff
Friday, December 16, 2016 - 7:55am | 355Read More...Expedia Inc (NASDAQ: EXPE) shares, which reclaimed the $120 level in mid-October after trading below it for much of this year, have seen a selloff in recent sessions. The stock began running up ahead of its third quarter earnings release on October 27 and rallied over 4 percent on the results....
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Amazon's Move Into These 3 Massive Markets Not Yet Embedded Into Valuation
Thursday, December 8, 2016 - 10:49am | 314Read More...Following the recent selloff in Amazon.com, Inc. (NASDAQ: AMZN) shares, which Benchmark’s Dan Kurnos believes was driven by “an irrational post-Trump retribution fear,” the stock has resumed its upward move, driven by the announcement of the launch of Amazon Go in 2017. Kurnos...
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5% Room-Night Beat Confirms Priceline's Long-Term Story
Tuesday, November 8, 2016 - 1:03pm | 274Read More...Priceline Group Inc (NASDAQ: PCLN) reported strong Q3 results, higher than consensus expectations. The company delivered another room-night beat, which confirms that Priceline’s long-term thesis is intact, Benchmark’s Daniel L. Kurnos said in a report. Analyst Kurnos maintains a Buy...
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Investors Cheer Take-Two Interactive's Earnings; What Does The Street Think?
Friday, November 4, 2016 - 10:54am | 520Read More...Take-Two Interactive Software, Inc. (NASDAQ: TTWO) saw its shares gain nearly 8 percent on Thursday and hit a new 52-week high of $49.99 after the company reported a top- and bottom-line beat in its second-quarter earnings report. Here is a look at what some of Wall Street's top analysts had to say...
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Absence Of Headline Risk Has Given Expedia Shares Room To Recover
Monday, October 24, 2016 - 10:14am | 320Read More...Shares of Expedia Inc (NASDAQ: EXPE) had been under pressure after the company reported mixed results for Q2 and management offered cautious commentary. More recently, shares have enjoyed meaningful run-up, boosted by the absence of any major terror events, Benchmark’s Daniel L. Kurnos said...
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Bullish Analysts Pound The Table On eBay: Buy The Dip
Thursday, October 20, 2016 - 3:53pm | 419Read More...A day after eBay Inc (NASDAQ: EBAY) provided a downbeat forecast for the fourth quarter against the earnings beat in the third quarter, analysts are rushing to share their comments. In Thursday's regular trading, the stock was seen consistently down more than 10 percent. However, most brokerages...
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Snap's Investors Will Make A Lot Of Money In An IPO
Wednesday, October 12, 2016 - 1:57pm | 333Read More...Evan Spiegel had an offer on the table to sell his company, Snapchat, to Facebook Inc (NASDAQ: FB) in 2013 for $3 billion. Spiegel refused the offer and felt he could grow the social media company, now called Snap, over the years. His decision proved to be the right one and many of his backers and...
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NBC, Political Fears And Digital Doubts Create A Buying Opportunity For Tegna
Friday, August 19, 2016 - 10:17am | 511Read More...Benchmark has started coverage of Tegna Inc (NYSE: TGNA) with a Buy rating and $26 target price, saying that NBC, political fears and digital doubts create buying opportunity in shares. Tegna Media is the largest independent station group of major network affiliates in the top 25 markets,...
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Global Terror Headwinds Make Expedia 'Incrementally More Cautious' On International Growth Outlook
Friday, July 29, 2016 - 11:40am | 487Read More...Benchmark reiterated its Buy rating and $135 target price on Expedia Inc (NASDAQ: EXPE) shares despite mixed second-quarter results from the company, which is the largest online travel agent based on gross bookings. The Booking Factor The company's adjusted EPS of $0.83 beat Street estimate of $0....
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Benchmark's Kurnos Sees eBay's StubHub As Undervalued, Probable Sale Forthcoming
Tuesday, June 21, 2016 - 9:44am | 288Read More...Benchmark's Daniel Kurnos reiterated eBay Inc (NASDAQ: EBAY) at Buy, with a price target of $29.00. The reiteration largely surrounds ticket selling StubHub's undervaluation, according to the analyst. "Given eBay's over-weighted revenue and profit contribution from the Marketplace segment, we think...
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Match Group's Surge On Tuesday Was Probably Short Covering
Wednesday, June 15, 2016 - 9:41am | 264Read More...Shares of Match Group Inc (NASDAQ: MTCH), a provider of dating products that includes the Match, OkCupid, PlentyOfFish and Tinder brands, surged on Tuesday on heavy volume. Match Group's stock opened for trading on Tuesday at $14.07, hit an intra-day high of $16.09 and closed at $15.86. The...














