Shares of Spotify Technology SA fell 8% in pre-market trading on Wednesday after its forecast of subdued current quarter paid subscriber numbers overshadowed upbeat first-quarter growth in countries such as the United States and India.
Lemonade (NYSE: LMND) has made a big splash in the insurance market. Promising "Instant everything. Incredible prices. Big heart," it is winning young customers left and right. Until recently, it's only offered renters, homeowners, and pet insurance, but now it's announced it's o
Market capitalization, or market cap for short, is a metric that's defined as the number of shares outstanding for a company multiplied by its share price. This measure can be used to compare companies in the same industry. On a Fool Live episode recorded on April 14, Fool contri
Spotify Technology SA on Wednesday forecast current quarter paid subscribers below Wall Street estimates, after its first-quarter results beat expectations driven by growth in countries such as the United States and India.
Amazon (AMZN) has expanded Key's In-Garage Grocery Delivery service to more than 5,000 locations. Initially launched in five cities, the service will now be available to eligible Prime members across the country.
These members can use the delivery service to have their Amazon Fresh and Whole Foods Market grocery orders delivered inside their garage, at no additional cost. However, a myQ connected smart garage door opener is a must to enable in-garage delivery.
The expansion is Amazon’s response to the growing demand for convenient and time-saving shopping systems. In the aftermath of the COVID-19 pandemic, customers have increasingly turned to shopping platforms that offer delivery services.
By Amazon expanding in-garage delivery to more cities, it recognizes that customers will continue to use the service post-COVID-19. A survey by Morning Consult has already shown that nearly 70% of Americans believe grocery delivery is essential.
“As customers look for more convenience in their daily lives, we’re excited to deliver another service that not only helps them save time, but provides peace of mind knowing that tonight’s dinner is safe in their garage and out of the weather” said Pete Gerstberger, Head of Key by Amazon. (See Amazon stock analysis on TipRanks).
BMO Capital’s analyst Daniel Salmon believes Amazon faces tough 1Q 2021 comps because of e-commerce acceleration amid the pandemic. However, as COVID-related expenses fade, the company should register improvements in its margins.
The analyst has reiterated a Buy rating on the stock and increased the price target to $4,200 from $4,000, implying 22.9% upside potential to current levels.
Consensus on Wall Street is that Amazon is a Strong Buy based on 33 unanimous Buy ratings. The average analyst price target of $4,118.69 implies 20.52% upside potential to current levels.
AMZN scores a 9 out of 10 on TipRanks’ Smart Score rating system, implying that it could beat market expectations.
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Global and Indian firms are flexing their industrial muscle to help the world's second biggest population battle coronavirus, coming to the rescue of a public health system buckling under the weight of surging infections and deaths.
Asian shares struggled to make firm gains on Wednesday as already high valuations discouraged investors from buying equities ahead of a closely-watched U.S. Federal Reserve meeting.
Asian shares were mixed on Wednesday as already high valuations discouraged investors from buying equities ahead of a closely-watched U.S. Federal Reserve meeting.
Google parent Alphabet Inc on Tuesday reported record profit for the second consecutive quarter and a $50 billion share buyback but warned a surge in usage and ad sales during the pandemic may slow as people resume in-person activities.
Tesla (TSLA), United Parcel Service (UPS) and a handful of other stocks got moving on earnings news Tuesday. But broadly speaking, stocks mostly treaded water, with some investors likely keeping a watchful eye fixed on tomorrow's Federal Reserve news.
Tepid results from Tesla and 3M weighed on Wall Street on Tuesday, with the S&P 500 and Dow ending near flat as investors focused on wave of earnings reports from Microsoft, Alphabet and other corporate heavyweights.
Microsoft Corp beat Wall Street expectations for quarterly revenue on Tuesday, as the software giant benefited from demand for its cloud-based services during the pandemic-induced remote working and learning.
Tepid results from Tesla and 3M weighed on Wall Street on Tuesday, with the main indexes ending mixed as investors focused on wave of earnings reports from Microsoft, Alphabet and other corporate heavyweights.
(RTTNews) - Home security company ADT Inc. has filed a lawsuit against Amazon Inc.'s (AMZN) subsidiary Ring LLC alleging that the latter's designs are a direct copy of ADT's octagonal blue logo. According to reports, ADT has requested a federal judge in Florida to immediately
Do Americans still want to consult their doctors online or has vaccine rollouts made patients confident enough to visit hospitals? Results from Teledoc Health Inc, the largest U.S. telehealth service provider, may offer some hints on Wednesday.
Tepid results from Tesla and 3M weighed on Wall Street on Tuesday as investors focused on an approaching wave of earnings reports from Microsoft, Alphabet and other corporate heavyweights.
Amazon’s Ring LLC is being sued for allegedly copying ADT's trademarked blue octagon symbol. Bloomberg reports that the home security company wants Ring, a provider of smart home security devices, barred from using the symbol as it violates its copyright.According to Bloomberg, ADT Inc (ADT) alleges that it’s been using the blue octagon symbol for decades on window stickers and lawn-signs. It also states that that the trademarked symbol is currently displayed by about 6.5 million customers. The company wants a federal court to issue a cease-to-use order against using the look-alike symbol by the Amazon (AMZN) subsidiary.According to the Bloomberg report, ADT owns 12 registered trademarks for the shape, color, and look of the blue octagon shape in question. It also claims to have invested substantial resources in promoting its security offerings under the blue octagon trademark.The standoff stems from the two companies working together in the past. However, in 2016, they signed an agreement in which Ring promised never to use any trademarks similar to ADT’s. Alphabet’s (GOOG) Google ended up acquiring a 6.6% stake in ADT for $450 million last year. (See Amazon stock analysis on TipRanks).Stifel Nicolaus analyst Scott Devitt has reiterated a Buy rating on Amazon as the company prepares to report its 1Q 2021 financial results on Thursday, 29 April. According to the analyst, the company is well-positioned to report a 40% increase in revenue and an operating margin of 6.2%.“Growth in a post-COVID environment remains largely uncertain for Amazon and across the eCommerce landscape. Our 2Q revenue estimates are ahead of consensus as we see tailwinds stemming from strong growth in new Prime members and diversification across geographies and categories supporting the retail business as economies recover,” stated Devitt in a research note to investors.Devitt has a $4,000 price target on Amazon, which implies approximately 17% upside potential to current levels.Wall Street is bullish on Amazon's prospects with consensus among analysts being a Strong Buy based on 33 unanimous Buy recommendations. The average analyst price target of $4,118.69 implies 20.33% upside potential to current levels.AMZN scores a sturdy 9 out of 10 on the TipRanks’ Smart Score rating system, implying it is likely to outperform market expectations.Related News
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