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GoPro's New Products In Focus
Tuesday, August 30, 2016 - 3:11pm | 269Read More...KeyBanc analysts have raised estimates for GoPro Inc (NASDAQ: GPRO) on the upcoming launch of Hero 5 'basic.' The brokerage has increased his third quarter/fourth quarter/full-year EPS estimates to $(0.23)/ $0.52/ $(0.86) from $(0.25)/ $0.43/ $(0.97). Consensus estimate calls for EPS of...
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GoPros And Drones Bullish For Ambarella, KeyBanc Says
Tuesday, August 30, 2016 - 2:32pm | 348Read More...This holiday season could be huge for Ambarella Inc (NASDAQ: AMBA). According to KeyBanc analyst Brad Erickson, drones are going to be a leading gift idea this year. Early commentary from specialty stores indicates a lot of buzz about drones heading into the second half of 2016. KeyBanc sees...
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Pacific Crest Still Skeptical Of GoPro In The Long Run
Thursday, July 28, 2016 - 9:11am | 280Read More...While downside risk in GoPro Inc (NASDAQ: GPRO) appears limited in the near term, there are concerns over how new products would fare against expectations in the long term, Pacific Crest’s Brad Erickson said in a report. He maintained a Sector Weight rating on the company. The channel is...
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Pacific Crest Cuts Target On Tesla To Under $200
Wednesday, July 6, 2016 - 11:18am | 267Read More...Pacific Crest’s Brad Erickson mentioned checks suggest the initial demand for Tesla Motors Inc (NASDAQ: TSLA)'s new, lower priced car has been robust, which could prove dilutive to the gross margin. Erickson maintains a Sector Weight rating on the company, while lowering the fair value from $...
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At First Glance, SolarCity Deal Would Be A Big Negative For Tesla
Wednesday, June 22, 2016 - 8:45am | 328Read More...Tesla Motors Inc (NASDAQ: TSLA) has offered to acquire SolarCity Corp (NASDAQ: SCTY) in an all-stock deal that represents a 21-30 percent premium to the latter’s closing price on Tuesday. Pacific Crest’s Brad Erickson maintained a Sector Weight rating for Tesla, saying that the deal...
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Checks Into Tesla's Fremont Factory 'Encouraging'
Wednesday, June 8, 2016 - 4:08pm | 236Read More...Pacific Crest's Brad Erickson gave some insight into a recent factory tour of a Tesla Motors Inc (NASDAQ: TSLA)'s Fremont, California facility. Following the tour and updated channel checks, Erickson said he's "more positive" on Tesla over the near term. "In a tour...
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Pacific Crest Says 'We Are Buyers' Of Ambarella Following Q1 Results
Friday, June 3, 2016 - 10:05am | 288Read More...Ambarella Inc’s (NASDAQ: AMBA) full-year guidance was “better than feared,” when the Sony Corp (ADR) (NYSE: SNE) image sensor disruption is accounted for. Brad Erickson of Pacific Crest maintained an Overweight rating on Ambarella, with a price target of $53. “We are...
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GoPro Inventories At All-Time High, Says PacCrest
Monday, April 25, 2016 - 11:23am | 342Read More...While there is optimism surrounding the drone launch by GoPro Inc (NASDAQ: GPRO), softness in the camera segment could be a downer. Pacific Crest’s Brad Erickson maintained a Sector Weight rating for the company, saying U.S. checks indicated GoPro’s days of inventory could be again...
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Another Reason Fitbit's Up 12% Today: PacCrest Bullishness
Wednesday, April 13, 2016 - 3:08pm | 364Read More...Pacific Crest Securities raised its first-quarter, second-quarter and full-year earnings, and sales view of Fitbit Inc (NYSE: FIT) above Street estimates on strong demand for the Alta and Blaze units, the company's two newest products. Analyst Brad Erickson increased first quarter profit...
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Tesla's Model 3 Preorders Missed Some Wall Street Expectations
Thursday, April 7, 2016 - 11:20am | 409Read More...While Tesla Motors Inc (NASDAQ: TSLA)'s Model 3 reservation figures wowed most this past weekend, expectations for continued momentum through the week have not been met with the same excitement. The unveiling event of the Model 3 was last Thursday, March 31. By April 3, Elon Musk had tweeted that...
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Tesla Predicted To Hit 350K-400K Model 3 Reservations By Wednesday
Tuesday, April 5, 2016 - 9:38am | 260Read More...Tesla Motors Inc (NASDAQ: TSLA) founder and CEO, Elon Musk, indicated via Twitter that Model 3 reservation activity had been very strong through the weekend, totaling 276,000 as of the night of April 3. Pacific Crest’s Brad Erickson maintained a Sector Weight rating, with a fair value of $190...
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Erickson: Tesla's Model X Production Issues Paint Volatile Future For Model 3
Tuesday, April 5, 2016 - 9:20am | 339Read More...Tesla Motors Inc (NASDAQ: TSLA) reported lower-than-expected deliveries for Q1, due to parts shortage for Model X from suppliers. Pacific Crest’s Brad Erickson maintained a Sector Weight rating, with a fair value of $190. Q1 Deliveries Tesla Motors reported its Model S deliveries for...
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How Mobileye Benefits From Federally-Mandated Automatic Braking
Thursday, March 17, 2016 - 10:21am | 578Read More...On Thursday, it was reported by the Associated Press that automatic braking would become standardized by 2022. Prior to the announcement, Pacific Crest Securities speculated that the imminent announcement holds some significant benefit for advanced car technologies, particularly, Mobileye NV (NYSE...
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Why Fitbit Is 'Not The Right Fit'; Pacific Crest Downgrades
Tuesday, February 23, 2016 - 9:24am | 283Read More...Pacific Crest’s Brad Erickson has downgraded the rating on Fitbit Inc (NYSE: FIT) to Sector Weight, based on the company’s lack of leverage, risk of hardware commoditization and weak user metrics. “Multiple expansion opportunities from corporate wellness are becoming more...
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Long-Time Fitbit Bull Slashes Target, But Still Thinks Stock Could Double
Thursday, February 18, 2016 - 10:20am | 209Read More...Pacific Crest’s Brad Erickson maintained an Overweight rating for Fitbit Inc (NYSE: FIT), while reducing the price target from $47 to $31, citing an expected slowdown in the company’s performance in 2016. Market checks indicate that demand has stabilized at seasonally lower levels...
