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Tesla Warning? Estimates Cut En Masse At This Wall Street Firm, Next Catalyst Seen As Two Months Away
Tuesday, February 2, 2016 - 12:28pm | 460Read More...Tesla Motors Inc (NASDAQ: TSLA) shares have breached the $190 level after negative commentary from Pacific Crest circulated the Street on Tuesday morning. "We'd continue to avoid" the stock, analysts at the firm wrote, citing lagging demand, a ceiling in the Model S and long-term...
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Pacific Crest: Avoid Tesla
Tuesday, February 2, 2016 - 10:22am | 301Read More...Tesla Motors Inc (NASDAQ: TSLA) shares have declined 26 percent over the past six months, to a low of $188.07 on January 27. Brad Erickson of Pacific Crest has maintained a Sector Weight rating on the company. Following channel checks, Erickson expressed increased caution on the stock,...
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What Fitbit, Ambarella And Mobileye Had In Common At CES
Thursday, January 7, 2016 - 11:46am | 345Read More...Pacific Crest analyst Brad Erickson had the chance to meet with management from Fitbit Inc (NYSE: FIT), Ambarella Inc (NASDAQ: AMBA) and Mobileye NV (NYSE: MBLY) this week at the CES conference in Las Vegas. Here’s a look at the key takeaways from those meetings. Fitbit CEO Bill Zerella...
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Analysts At Odds With Market Over Fitbit
Wednesday, January 6, 2016 - 3:47pm | 367Read More...With the company set to release its Q4 earnings on February 1, Fitbit Inc (NYSE: FIT) shares have plummeted since the launch of its new Blaze product. Clearly, the market is punishing Fitbit’s stock, but you wouldn’t know it by reading what analysts have to say. Here’s how several...
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Why Fitbit Shares Are 'Exploding'
Monday, December 21, 2015 - 4:37pm | 339Read More...Fitbit Inc (NYSE: FIT)'s holiday sales are exploding. Analysts at Pacific Crest Securities say they "would be buyers" of the stock because of pessimistic sentiment, CES coming up and continuing trends in the corporate wellness market. Shares of Fitbit are up more than 4 percent on...
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Analysts Aren't Sure What To Do With Ambarella After Earnings
Friday, December 4, 2015 - 12:12pm | 399Read More...Ambarella Inc (NASDAQ: AMBA)'s stock is surging in Friday's trading following its Q3 earnings report. Analysts on Wall Street have mixed feelings about what they saw from the company in Q3. Despite a big earnings beat, Ambarella's Q4 guidance was relatively weak. Shares of...
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Why This Analyst Remains Cautious On Tesla Despite Model 3, Gigafactory Optimism
Wednesday, November 4, 2015 - 11:13am | 310Read More...Tesla Motors Inc (NASDAQ: TSLA) shares have declined 14.17 percent over the past three months, touching a low of $206.93 on October 30. Pacific Crest’s Brad Erickson has maintained a Sector Weight rating on the company. Erickson prefers to maintain a cautious stance, given the...
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Tesla Q3 Earnings Preview: Here's What Wall Street Pros Are Saying
Tuesday, November 3, 2015 - 1:40pm | 910Read More...Shares of Tesla Motors Inc (NASDAQ: TSLA) are lower by nearly 20 percent over the past three months and down nearly 13 percent from a year ago. The consensus estimate is calling for Tesla to report a loss of $0.53 per share on revenue of $1.214 billion. Wall Street analysts were mostly...
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Now's Not The Time To Own Tesla Stock, Pacific Crest Analysts Warn
Thursday, October 15, 2015 - 10:17am | 317Read More...Tesla Motors Inc (NASDAQ: TSLA) shares have declined 14.62 percent over the past month, hitting a low of $216.37 on October 14. Pacific Crest’s Brad Erickson has maintained a Sector Weight rating on the company. With demand trends being mixed and fundamental upside appearing...
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These Fitbit Numbers Make The Stock A Screaming Buy
Tuesday, October 13, 2015 - 9:25am | 349Read More...Shares of Fitbit Inc (NYSE: FIT) have risen 11.02 percent over the past month, from a low of $31.84 on September 14. Pacific Crest’s Brad Erickson has maintained an Overweight rating on the company, with a price target of $47. Checks indicate that the demand for Fitbit devices...
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GoPro Outlook Cut At Pacific Crest, Analysts See Seasonal 'Softness'
Tuesday, September 29, 2015 - 9:38am | 272Read More...GoPro Inc (NASDAQ: GPRO) shares have plunged 55 percent year-to-date, and are trading at the lower-end of their 52-week range of $29.62 - $98.47. Pacific Crest’s Brad Erickson maintained a Sector-Weight rating on the company. The estimates for the company have been reduced due to...
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Corporate Wellness Represents An 'Underappreciated Opportunity' For Fitbit
Thursday, September 17, 2015 - 3:38pm | 384Read More...Shares of Fitbit Inc (NYSE: FIT) were trading higher by nearly 4 percent on Thursday in reaction to a bullish research note from Pacific Crest. Analysts at Pacific Crest maintained an Overweight rating on the stock with an unchanged $47 price target. Analysts noted that corporate wellness "could...
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Ambarella's Stock Is Plunging And Taking GoPro With It
Wednesday, September 2, 2015 - 2:40pm | 716Read More...Shares of Ambarella Inc (NASDAQ: AMBA) plunged more than 12 percent Wednesday morning after the company's second-quarter print contained a weak third-quarter forecast for wearable-camera revenue. Investors and traders took Ambarella's poor guidance as a bullish sign for the wearable-camera segment...
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Christmas Came Early For GoPro
Wednesday, September 2, 2015 - 11:25am | 304Read More...Ambarella Inc (NASDAQ: AMBA) shares have been on a downtrend this year, after peaking at $129.19 on June 17. Pacific Crest’s Brad Erickson maintained an Overweight rating for the company, with a price target of $123. A GoPro high-end refresh in 1H16 should benefit Ambarella with...
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Analysts Split Over Mobileye
Friday, August 7, 2015 - 1:18pm | 452Read More...Shares of Mobileye NV (NYSE: MBLY) heavily sold off after its second-quarter print on Thursday only to almost fully recover and close the day just slightly in the red. Below are briefs from two analyst notes highlighting both the bullish (Citi) and bearish (Pacific Crest) theses. Citi: Plenty Of...
