Brad Erickson

Shares of Tesla Inc (NASDAQ: TSLA) were trading lower by nearly 5 percent after Thursday's market open in reaction to the electric automaker's fourth-quarter report consisted of a worse-than-expected loss. In a research report following the earnings report, Pacific Crest's Brad Erickson detailed...

Pacific Crest has maintained its Overweight rating on Expedia Inc (NASDAQ: EXPE), despite the company reporting mixed quarterly results and guided 2017 EBITDA below estimates. Recap Fourth-quarter adjusted EPS of $1.17 versus $1.37 estimate. Q4 sales came in at $2.093 billion versus the estimated...

Shares of GoPro Inc (NASDAQ: GPRO) gained more than 8 percent Tuesday after Brad Erickson of Pacific Crest became incrementally positive on the company amid a better than expected performance during the Holiday season. According to Erickson's proprietary checks, sales of GoPro's cameras...

According to some analysts, President-elect Donald Trump is a "god-sent gift" to Tesla Motors Inc (NASDAQ: TSLA), as the company's commitment to building factories and employing thousands of Americans is in line with Trump's thinking. Tesla's CEO Elon Musk is spending billions of dollars to create...

The upcoming CES event, scheduled to commence in Las Vegas on January 5, has become “largely an automotive show,” KeyBanc Capital Markets’ Brad Erickson said in a report. He added that every consumer-facing company seems to be investing in machine learning or artificial...

KeyBanc Capital’s Brad Erickson took a look at the key themes associated with wearables and data collection ahead of the 2017 CES tradeshow to be held in January. Fossil Group The analyst expects Fossil Group Inc (NASDAQ: FOSL) to provide greater details regarding the market reception for its...

Pacific Crest said the Street’s first-quarter estimates for Fitbit Inc (NYSE: FIT) may be at risk, as checks show the company’ days of inventory have trekked higher exiting the quarter. “While a Q1 miss could mean more downside, we think buy-side expectations are below sell-side...

Given Tesla Motors Inc’s (NASDAQ: TSLA) potential positive catalysts, including the January 4 launch of Gigafactory, a potential Model 3 launch in the summer of 2017 and depressed sentiment on the name, Pacific Crest’s Brad Erickson is “warming to the name.” Erickson...

Pacific Crest analyst Brad Erickson believes there is near-term risk to the Street estimates for Ambarella Inc (NASDAQ: AMBA), driven by its customer GoPro Inc (NASDAQ: GPRO) and, to a lesser degree, drones. Erickson noted that his checks in the United States revealed relatively in-line GoPro'...

The recent comments from Fitbit Inc (NYSE: FIT) CEO James Park on its earnings call indicated that the wearable device maker is weighing M&A as part of its future plans. M&A Chatter “We expect additional penetration and expansion to occur both via organic development and through M...

Priceline Group Inc (NASDAQ: PCLN) delivered a Q3 beat, with a re-acceleration in room-night growth, highlighting further share gains in the United States. However, comps will be tougher in Q4, and a room-night acceleration from Q3 levels is unlikely, Pacific Crest’s Brad Erickson pointed out...

Tesla Motors Inc (NASDAQ: TSLA) reported its Q3 deliveries at 24,500, well ahead of the consensus and the estimate. Pacific Crest’s Brad Erickson believes the unit volume outperformance was a definite positive and would “reinforce any bullish thesis looking for a better-than-...

While checks indicate improvement in Model X orders, there seems to have been aggressive Model S discounting at U.S. sales centers to maximize Q3 deliveries, Pacific Crest’s Brad Erickson said in a report. He maintained a Sector Weight rating on Tesla Motors Inc (NASDAQ: TSLA), citing near-...

Pacific Crest’s Brad Erickson noted that IMPINJ Inc (NASDAQ: PI) was trading at a premium to peers, although this premium was warranted given the company’s “faster growth, strong exposure to secular tailwinds and a stable ramp to profitability.” Erickson maintains an...