Rosenblatt

Sports betting continued to be a big story in 2020 even as the sporting world faced major disruptions with scheduling due to the COVID-19 pandemic. What Happened: Thanks in part to its 30% ownership stake in Barstool Sports, shares of Penn National Gaming (NASDAQ: PENN) were up over 230% in 2020....

Rosenblatt Securities initiated coverage of software stocks Splunk Inc (NASDAQ: SPLK) and Dynatrace Inc (NYSE: DT) with bullish ratings Thursday. The Analyst: Blair Abernethy initiated coverage of Splunk with a Buy rating and $196 price target. The analyst also initiated coverage of Dynatrace...

Fiserv Inc (NASDAQ: FISV) should be able to execute on accretive capital allocation and generate more than 15% earnings growth in 2021 and beyond, according to Rosenblatt Securities.  The Fiserv Analyst: Sean Horgan upgraded Fiserv from Neutral to Buy and raised the price target from $111 to $...

Apple Inc. (NASDAQ: AAPL) analysts are weighing in with their thoughts from the company’s "One More Thing" event that showed off the new M1 chip that will power the Mac laptops. Breaking Up With Intel: The move away from Intel Corporation (NASDAQ: INTC) with Apple's own...

Twilio Inc (NYSE: TWLO) announced Monday it has entered into a definitive agreement to acquire Segment for approximately $3.2 billion in a stock deal. The transaction is expected to close in the fourth quarter. Segment has a strong customer data platform (CDP) and the acquisition...

Peloton Interactive Inc (NASDAQ: PTON) analysts raised their price targets after the at-home exercise company issued its fourth-quarter report and guidance for fiscal year 2021.  The Peloton Analysts: MKM Partners analyst Rohit Kulkarni maintained a Neutral rating on Peloton and raised...

Zoom Video Communications (NASDAQ: ZM) reported a blowout second quarter Monday that saw revenue up 355%. The company’s customer base grew by 458% to 370,200. Here's what the Street has to say.  The Zoom Analysts: BTIG analyst Matt VanVliet upgraded Zoom from Neutral to Buy and added...

Applied Optoelectronics Inc’s (NASDAQ: AAOI) business is stable at its two key customers, which contribute around 60% of overall revenue, according to Rosenblatt Securities. Yet the company’s revenue growth potential from new wins appears limited in the near term, an analyst at the firm...

Peloton Interactive Inc (NASDAQ: PTON) recorded mixed first-quarter results with its 20-cent loss just shy of 18-cent loss forecasts and its $524.6 million sales exceeding estimates of $485.4 million. “Notably, PTON was able to beat expectations despite pausing advertising spend,”...

Pinterest Inc (NYSE: PINS) beat almost all Street estimates in its fourth-quarter earnings report. While monthly active users (MAU) trended in line with forecasts, total revenue grew 46%, conversion optimization revenue popped 150%, and earnings before interest, tax, depreciation and amortization...

Apart from a bottom-line decline, Twitter Inc (NYSE: TWTR) beat most other expectations for its fourth-quarter earnings. Management recorded a 21% increase in global monetizable daily active usage (mDAU) — representing a fourth consecutive quarter of acceleration — and 29% rise in ad...

GPU inventor NVIDIA Corporation (NASDAQ: NVDA) reached an agreement to acquire Israel-based Mellanox Technologies, Ltd. (NASDAQ: MLNX), a supplier of smart interconnect solutions and services for servers and storage for $125 per share. Several more Street analysts have offered their take. The...

Apple Inc. (NASDAQ: AAPL) could add more applications for its 3-D sending solution and launch some AR/VR applications later this year, according to Rosenblatt Securities.  The Analyst Rosenblatt has a Buy rating on the shares of Apple. The Thesis Apple is working to improve its 3-D...

By some accounts, Twenty-First Century Fox Inc (NASDAQ: FOXA) is, well, foxy. The company could still be the apple of more than one acquirer’s eye, according to Rosenblatt Securities. The Rating Rosenblatt Securities analyst Alan Gould reiterated a Buy rating on Fox with a $43 price target...

In response to negative ratings by Oppenheimer analyst Andrew Uerkwitz, Himax Technologies, Inc. (ADR) (NASDAQ: HIMX) told Benzinga Uerkwitz’s Friday report is “inaccurate and misleading.” “This report does not represent the fact of our company at all,” Investor...