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A SOTP Analysis Of Alliance Data Systems Supports $250 Share Price, Says Pacific Crest
Thursday, July 14, 2016 - 1:55pm | 435Read More...Pacific Crest said a sum of the parts analysis, or SOTP, of Alliance Data Systems Corporation (NYSE: ADS) supports its price target of $250, with 100 basis points of margin expansion would push it up to $263. The price target of $250 implies a potential upside of 19 percent over Wednesday's close,...
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Apple Pay Has Completed The Commerce Trifecta: In-Store, In-App, In-Browser
Tuesday, June 14, 2016 - 11:55am | 236Read More...Apple Inc. (NASDAQ: AAPL) detailed its expansion plan for Apple Pay at the Worldwide Developers Conference (WWDC). According to Josh Beck of Pacific Crest Securities, Apple's new plan for its mobile payment system resulted in it completing the "commerce trifecta" of boasting in-store, in-app and in...
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Pacific Crest Downgrades VeriFone, Concerned Emerging Market Woes Have Worsened
Wednesday, June 8, 2016 - 4:34pm | 132Read More...Pacific Crest's Josh Beck downgraded VeriFone Systems Inc (NYSE: PAY) to Sector Weight with a price target between $22 and $24. The rating change came after VeriFone reported earnings and guidance short of analyst estimates. Petro remained strong, surprising revenue estimates, but margins...
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Expect 'Solid' Q2 Results From Verifone
Monday, June 6, 2016 - 6:19pm | 174Read More...VeriFone Systems Inc (NYSE: PAY) is set to report second-quarter earnings on Tuesday. Pacific Crest's Josh Beck offered his take on the company and stock ahead of the quarterly print. "We expect solid results and see room for a modest beat and raise in line with the beat, but expect...
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Here's Why PayPal 'Must Gain' 50% Incremental E-Commerce Dollars
Thursday, June 2, 2016 - 9:19am | 228Read More...While expressing concern over the competitive landscape for Paypal Holdings Inc (NASDAQ: PYPL), Pacific Crest’s Josh Beck said in a report that the company’s positive near-term momentum was balanced by mid-term risks. The analyst maintained a Sector Weight for the company. This Is A...
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CEO Departure, No Guidance Creates Uncertainty At LendingClub
Tuesday, May 10, 2016 - 9:02am | 276Read More...LendingClub Corp (NYSE: LC) reported better-than-expected 1Q revenues, backed by pricing changes. The company’s performance missed slightly on originations, EBITDA and EBITDA margins. Pacific Crest’s Josh Beck downgraded the rating for the company to Sector Weight, citing credit and...
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Analyst Says Buy Vantiv; Sees Bull Case 'Uninhibited By The Macro'
Wednesday, February 3, 2016 - 8:42am | 286Read More...The share price of Vantiv Inc (NYSE: VNTV) has appreciated 33.41 percent over the past year, almost up to the 52 week high on December 1 at $52.84. Josh Beck of Pacific Crest has maintained an Overweight rating on the company, with a price target of $57. Beck expects the company to close...
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On Deck Capital Downgraded At Pacific Crest, Risk-Reward Out Of Whack
Friday, December 4, 2015 - 10:30am | 288Read More...The share price of On Deck Capital Inc (NYSE: ONDK) has declined 49.09 percent year-to-date, from a high of $23.90 on January 2. Josh Beck of Pacific Crest has downgraded the rating on the company to Sector Perform. Beck prefers to move to the sidelines, given the rising model maturity,...
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Wall Street Reacts To VeriFone Earnings
Friday, September 4, 2015 - 10:18am | 375Read More...VeriFone Systems Inc (NYSE: PAY) opened sharply lower following Q3 earnings. Of four early notes from Wall Street analysts, three maintained Overweight and Outperform ratings including Barclays, Pacific Crest and Wedbush. Deutsche Bank is the contrarian in the group, saying that...
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Lending Club Is A Buy After Earnings: Here's Why
Wednesday, August 5, 2015 - 2:44pm | 393Read More...Pacific Crest and Morgan Stanley are bullish LendingClub Corp (NYSE: LC) following an earnings report that showed better-than-expected loan origination volumes and improved consumer marketing efficiency. Shares traded recently at $14.46, up more than 4 percent. Market Could Shift From Fears...
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Analysts React To Lifelock's 50% Decline
Wednesday, July 22, 2015 - 8:15am | 567Read More...Shares of Lifelock Inc (NYSE: LOCK) on Tuesday plunged more than 50 percent after the Federal Trade Commission said that the company allegedly violated a 2010 settlement with the agency and 35 state attorneys general by making deceptive claims about its identity theft protection services....
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UPDATE: Pacific Crest Securities Initiates Coverage On Vantiv Inc On Innovative Portfolio
Tuesday, October 7, 2014 - 11:14am | 81Read More...In a report published Tuesday, Pacific Crest Securities analyst Josh Beck initiated coverage on Vantiv Inc (NYSE: VNTV) with an Outperform rating and $38.00 price target. In the report, Pacific Crest Securities noted, “Retailers have underinvested in technology and Vantiv's innovative portfolio (...
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UPDATE: Pacific Crest Securities Initiates Coverage on VeriFone Systems with Outperform Rating, $39 PT as Breaches and Apple Ripen Case for Retailer Investment
Tuesday, October 7, 2014 - 10:17am | 89Read More...In a report published Tuesday, Pacific Crest Securities analyst Josh Beck initiated coverage on VeriFone Systems (NYSE: PAY) with an Outperform rating and $39.00 price target. In the report, Pacific Crest Securities noted, “High-profile security breaches and Apple Pay, a viable mobile payment...
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How Will Apple Pay Affect Peers In Mobile Payments Space?
Wednesday, September 10, 2014 - 11:45am | 200Read More...Following the unveiling of Apple Inc.'s (NASDAQ: AAPL) new Apple Pay program, Pacific Crest analyst Josh Beck issued a note detailing how this might affect others in the mobile payment space. Beck noted Apple has partnered with the major networks -- Visa Inc (NYSE: V), Mastercard Inc ...
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Buckingham, Pacific Crest Favor Visa Over Mastercard
Monday, August 18, 2014 - 4:03pm | 167Read More...Following a management meeting with Visa (NYSE: V) from August 17, Josh Beck of Pacific Crest Securities had several takeaways that lead him to favor Visa over Mastercard (NYSE: MA). Beck feels that: New mobile partnerships could help visa differentiate, thereby gaining share Potential...
