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☆ Netflix will remain the global streaming leader, says TD Cowen's John Blackledge
▼ + stars: | 2024-04-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix will remain the global streaming leader, says TD Cowen's John BlackledgeJohn Blackledge, internet and media analyst at TD Cowen, joins CNBC's 'The Exchange' to share why he's bullish on Netflix, the market's reaction to earnings, and more.

Persons: Cowen's John Blackledge John Blackledge, Cowen Organizations: Netflix

Morgan Stanley raised its price target on Ford after the company reassessed its electric vehicle strategy. That "paints path to ~$230-$290 stock price as we argue AMZN could warrant an even higher multiple in this scenario," he added. — Michelle Fox 7:38 a.m.: Evercore hikes Disney price target, points out near-term catalysts Walt Disney has a bright near-term outlook, according to Evercore ISI. In addition to cutting his price target, Harned also pulled down his outlook for free cash flow and deliveries. — Alex Harring 5:48 a.m.: KeyBanc raises Nvidia price target There's no slowing down Nvidia , according to KeyBanc.

Persons: Morgan Stanley, KeyBanc, Brian Nowak, Jon Tower, — Michelle Fox, Walt Disney, Vijay Jayant's, Jayant, Bob Iger, — Lisa Kailai Han, David Palmer, Palmer, Uber, — Alex Harring, Bernstein, Douglas Harned, Harned, Dave Calhoun, Alex Harring, Anthony Chukumba, Chukumba, selloff, Ross Seymore, Seymore, TD Cowen, Doug Anmuth, Anmuth, there's, John Blackledge, Blackledge, Jason Bazinet, Bazinet, There's, Goldman, Goldman Sachs, Kate McShane, McShane, BJ, Mark Strouse, Strouse, Adam Jonas, Jonas, Ford, John Vinh, Vinh, Fred Imbert Organizations: CNBC, Monday's, Ford, Nvidia, Amazon, Citi Citi, Grill, ISI, Disney, India's Reliance Industries, Reliance Industries, Netflix, Hulu, Boeing, Dow Jones, Capital, Loop Capital, Deutsche Bank, Broadcom, VMWare, JPMorgan, Citi, BJ's Wholesale, GE, GE Vernova Locations: Michigan, Alaska, F1Q, California, The Massachusetts, Friday's, China

☆ Grindr won its first batch of Wall Street initiations. Here's what analysts are saying
▼ + stars: | 2024-04-07 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

About a year and a half after going public, Grindr is starting to win Wall Street's praise. Over the past two weeks, three investment firms began coverage of the dating platform focused on LGBTQ+ men. That focus, once something seen as taboo or unappealing in society, is a plus for analysts, who say the qualities typically associated with gay men make them a solid consumer base to cater toward. "While LGBTQ[+] acceptance is rising, Grindr can help gay men meet for a wide range of purposes under a wide range of societal conditions." "Grindr has established itself as the leading LGBTQ+ social dating app through strong brand awareness, despite its relatively nascent tech.

Persons: Grindr, Raymond James, Andrew Marok, Marok, Nicholas Jones, Jones, GRND, LSEG, Bumble, TD Cowen, John Blackledge, Raymond James ' Marok, Blackledge Organizations: U.S

Wells Fargo raised its price target on Bank of America, now calling for more than 15% upside. Evercore ISI hiked its price target on the consumer products company to $150 per share from $133. Power has a $90 price target on the cloud software stock, implying shares can rally 44.5% in the next year. Forbes' $425 price target implies the stock can climb 43.1% from Wednesday's ending price. Analyst Mike Mayo raised his price target for the bank stock by $4 to $44, implying a 16.4% upside over Wednesday's close.

Persons: Wells Fargo, Clark, Javier Escalante, Escalante, KMB, — Jesse Pound, Jefferies, Portillo's, Andy Barish, Barish, — Brian Evans, Jason Gursky, Wednesday's, shakeup, Gursky, Alex Harring, Baird, William Power, — Alex Harring, Steven Forbes, Forbes, RH, BofA, Cintas, Heather Balsky, Balsky, Robinhood, Alex Markgraff, Markgraff, TD Cowen, John Blackledge, Grindr, Blackledge, It's, it's, Estee Lauder, Bryan Spillane, Spillane, Estee, Tom Ford, Joseph Greff, Greff, FanDuel, Vikram Gandhi, Gandhi, Wells, Bank of America Wells, Mike Mayo, Mayo, Goliath Organizations: CNBC, Bank of America, HSBC, Allstate, Kimberly, Staples, ISI, Citi, Boeing, Alaska Airlines, Dow Jones, UC, Guggenheim, RH's, FactSet, Estee Lauder Bank of America, JPMorgan, Allstate Allstate Locations: Portillo's, Five9, Estee, New Jersey, Wednesday's

☆ Amazon shares surge after 3Q earnings surpass expectations. Here's what the pros say
▼ + stars: | 2023-10-27 | by ( Sean Conlon | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon shares surge after 3Q earnings surpass expectations. Here's what the pros sayJim Cramer, John Blackledge of Cowen and Daniel Flax of Neuberger Berman discussed Amazon after the company reported third-quarter earnings that beat on the top and bottom lines.

Persons: Jim Cramer, John Blackledge, Cowen, Daniel Flax, Neuberger Berman

☆ Here's why TD Cowen raised its price target on Amazon to $180
▼ + stars: | 2023-10-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why TD Cowen raised its price target on Amazon to $180John Blackledge, Cowen senior internet analyst, joins ‘Squawk on the Street’ to discuss Amazon’s quarterly earnings results, why his firm raised the price target on the stock, and more.

Persons: TD Cowen, John Blackledge, Cowen, Squawk

☆ Amazon stock climbs 8.3% after biggest profit beat since 2020. How the pros are playing it
▼ + stars: | 2023-08-04 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon stock climbs 8.3% after biggest profit beat since 2020. How the pros are playing itBrad Erickson of RBC Capital Markets, John Blackledge of Cowen, Steve Weiss of Short Hills Capital, Brenda Vingiello of Sand Hill Global Advisors, Jim Lebenthal of Cerity Partners and Shannon Saccocia Neuberger Berman Private Wealth discussed Amazon after the company reported much higher than expected quarterly results and its largest profit beat since the fourth quarter of 2020.

Persons: Brad Erickson, John Blackledge, Cowen, Steve Weiss, Brenda Vingiello, Jim Lebenthal, Shannon Saccocia Neuberger Berman Organizations: RBC Capital Markets, Short Hills Capital, Global Advisors, Cerity Partners, Wealth Locations: Sand

☆ Regional fulfillment helped Amazon's big earnings beat, says Cowen's Blackledge
▼ + stars: | 2023-08-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRegional fulfillment helped Amazon's big earnings beat, says Cowen's BlackledgeJohn Blackledge, Cowen analyst, joins 'Squawk on the Street' to discuss Amazon's quarterly earnings results, Amazon's retail side of the business, and much more.

Persons: Cowen's Blackledge John Blackledge, Cowen

☆ The future of Netflix: Will subscriber growth continue?
▼ + stars: | 2023-07-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe future of Netflix: Will subscriber growth continue? John Blackledge, TD Cowen managing director, joins 'The Exchange' to discuss Netflix's quarterly performance, Netflix's plans to counter losses is average revenue per user, and growing Netflix subscription numbers.

Persons: John Blackledge, TD Cowen Organizations: Netflix

☆ TD Cowen upgrades Meta as social media stock enters second half of 'Year of Efficiency'
▼ + stars: | 2023-07-13 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

TD Cowen has joined the bullish majority on Meta with just half of the social media company's "Year of Efficiency" in the rearview mirror. Analyst John Blackledge upgraded the Facebook parent's stock to outperform from market perform and raised his price target to $345 from $220. META 5Y mountain Meta shares over the last five years Blackledge said Wall Street will likely need to raise estimates, pointing to potential monetization growth in Reels. A Cowen survey shows Reels has grown engagement and helped raised overall time spent on Instagram. Cowen raised revenue and earnings estimates by 8% and 7%, respectively, on average over the next five years and is above consensus estimates for both second quarter and full-year earnings.

Persons: TD Cowen, John Blackledge, mgmt, Blackledge, Cowen, Mark Zuckerberg, — CNBC's Michael Bloom Organizations: Meta, Facebook, Instagram, Twitter Locations: Wednesday's

☆ Watch CNBC's full interview with MoffettNathanson's Michael Nathanson and Cowen's John Blackledge
▼ + stars: | 2023-04-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with MoffettNathanson's Michael Nathanson and Cowen's John BlackledgeMichael Nathanson, SVB MoffettNathanson founding partner and senior research analyst, and Cowen analyst John Blackledge join 'Squawk on the Street' to discuss Netflix earnings and more.

☆ Netflix shares drop after mixed earnings. Here's what the experts have to say
▼ + stars: | 2023-04-19 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix shares drop after mixed earnings. Here's what the experts have to sayJim Cramer, Jessica Reif Ehrlich of Bank of America Securities, Michael Nathanson of SVB MoffettNathanson, John Blackledge of Cowen and Bill Nygren of Oakmark Funds on what they think about Netflix.

☆ Netflix's fairly valued right now: MoffettNathanson's Michael Nathanson
▼ + stars: | 2023-04-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix's fairly valued right now: MoffettNathanson's Michael NathansonMichael Nathanson, SVB MoffettNathanson founding partner and senior research analyst, and Cowen analyst John Blackledge join 'Squawk on the Street' to discuss Netflix earnings and more.

☆ Watch CNBC's full interview with Cowen analyst John Blackledge
▼ + stars: | 2022-12-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Cowen analyst John BlackledgeCowen analyst John Blackledge joins 'TechCheck' to discuss the reasons for his bullish Netflix call, how a TikTok takedown could benefit Meta and entertainment companies poised to perform well in 2023.

☆ Cowen crowns Netflix as its best recession play
▼ + stars: | 2022-12-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCowen crowns Netflix as its best recession playCowen Analyst John Blackledge joins 'TechCheck' to discuss the reasons behind his bullish Netflix call, how a TikTok takedown could benefit Meta and entertainment companies poised to perform well in 2023.

☆ These stocks are cheap heading into 2023, and analysts love them
▼ + stars: | 2022-12-04 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

However, this sell-off may have opened buying opportunities among some of Wall Street analysts' favorite names. Amazon made the list, trading at a 31.6% discount to its average five-year forward P/E multiple. The stocks is trading at a more than 50% discount to its average five-year forward valuation and has buy ratings from more than three-quarters of analysts covering it. The former is trading 82% below its average five-year forward valuation, while Delta is 77% below. Delta, meanwhile, has dropped 10% in 2022, but the average analyst price target on the airline implies upside of 35%.

☆ Cowen downgrades Carvana, cites 'lengthened' path to profitability in a difficult macro environment
▼ + stars: | 2022-11-22 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

A 'lengthened' path to profitability has Cowen concerned over the long-term trajectory for battered used vehicle stock Carvana . Analyst John Blackledge downgraded the company to market perform from outperform in a note to clients Monday. Carvana shares dipped slightly in the premarket. He trimmed the company's price target to $10 a share, suggesting shares could gain 42%, or roughly $3, from Monday's close. The analyst previously had a price target of $55.

☆ Amazon shares hitting 'cyclical air-pocket' in Europe, says MKM Partners' Rohit Kulkarni
▼ + stars: | 2022-10-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon shares hitting 'cyclical air-pocket' in Europe, says MKM Partners' Rohit KulkarniCowen's John Blackledge and MKM partner's Rohit Kulkarni join 'Squawk on the Street' to discuss Amazon as a cyclical air pocket, the company's strength across advertising, commerce, and cloud as well as the macro economic strains impacting Amazon's business.

☆ Watch CNBC's full interview with Cowen's John Blackledge and MKM Partners' Rohit Kulkarni
▼ + stars: | 2022-10-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Cowen's John Blackledge and MKM Partners' Rohit KulkarniCowen's John Blackledge and MKM Partners' Rohit Kulkarni joins 'Squawk on the Street' to discuss Amazon as a cyclical air pocket, the company's strength across advertising, commerce, and cloud as well as the macro economic strains impacting Amazon's business.

☆ Meta shares plunge 23% on downgrades, missed earnings and big spending on metaverse
▼ + stars: | 2022-10-27 | by ( Sofia Pitt | ) www.cnbc.com time to read: +1 min

Shares of Meta plunged 23% in premarket trading Thursday as investors and analysts digested the company's third-quarter earnings miss and a weak fourth-quarter outlook. The parent company of Facebook reported quarterly revenue of $27.7 billion Wednesday, a decline of more than 4% year over year and its second straight quarterly decline. Meta CEO Mark Zuckerberg reiterated his commitment to spending billions of dollars developing the metaverse. He expects the company's issues to persist as Meta continues to increase spending to build out its AI capabilities. Since the start of the year, Meta shares are down by more than 61%.

☆ Wall Street analysts are worried about Meta as it plans to spend even more money on the metaverse
▼ + stars: | 2022-10-27 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

Meta 's third-quarter results have Wall Street analysts split on the struggling tech stock. Morgan Stanley's Brian Nowak downgraded shares of Meta to equal weight from overweight after the results , and slashed its price target to $105 from $205. Cowen's John Blackledge downgraded Meta to market perform from outperform, and lowered his price target to $135 from $205 prior, citing the higher opex and capex trajectory. JPMorgan's Doug Anmuth slashed his Meta price target to $115 per share from $180, noting that it's unclear when the Facebook parent will see a return on its big metaverse and AI investments. Meanwhile, AllianceBernstein's Mark Shmulik, who maintained an outperform rating while lowering the price target to $135 from $195, said the "shocking cost guidance overshadows reasonable core."

☆ Netflix partners with Microsoft for rollout of its new ad tier
▼ + stars: | 2022-10-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNetflix partners with Microsoft for rollout of its new ad tierCowen's John Blackledge joins 'TechCheck' to discuss Netflix shares surging after better-than-expected Q3 earnings, catalysts for top-line growth and potential potholes the company could face going forward.

☆ The best stocks to play Gen Z and Millennial trends like TikTok and Instagram, according to Cowen
▼ + stars: | 2022-10-13 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Of those assets, 37.8% will be going to millennials and 15.8% to Gen Z or younger, the firm said. In the report, Cowen analysts highlighted their top ideas for durable free cash flow and earnings-per-share growth supported by positioning within the secular themes they found among Gen Z and millennial preferences and habits. What millennials and Gen Z buy — and how they do it — is increasingly influenced by social media platforms, like TikTok and Instagram, according to Cowen. Buying directly from brands Gen Z and millennials also like to shop directly from brands. "Lululemon's broadened merchandise offerings, paired with its community-based approach, are expanding its use case among consumers," Kernan noted.

☆ Google's cloud business is tracking AWS, but is five years behind, says Cowen's Blackledge
▼ + stars: | 2022-09-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGoogle's cloud business is tracking AWS, but is five years behind, says Cowen's BlackledgeJohn Blackledge, Cowen managing director, joins 'TechCheck' to discuss what could turn around Google's cloud business, how to compare Google's cloud business to Amazon's AWS and more.

☆ Earnings playbook: How to play the second half of the season with Starbucks and Caterpillar on deck
▼ + stars: | 2022-07-31 | by ( Fred Imbert | ) www.cnbc.com time to read: +14 min

Tuesday Caterpillar is set to report earnings before the bell, followed by a conference all with management at 8:30 a.m. What history shows: Caterpillar has reported a better-than-expected profit in each of the last eight earnings days, FactSet data shows. What history shows : FactSet data shows Airbnb has beaten analyst expectations in the last four quarters. What history shows: FactSet data shows Paramount has missed earnings expectations in two of the past four quarters. Block is set to report earnings after the close, with management set to hold a call at 5 p.m.

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