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Tesla Guidance Could Come Up 'Soft,' While Mobileye Might Have Upside: Pacific Crest
Wednesday, August 5, 2015 - 9:47am | 625Read More...In a report published Tuesday, Pacific Crest analyst Brad Erickson looked forward to two names in the auto space reporting earnings this week: Tesla Motors Inc (NASDAQ: TSLA) and Mobileye NV (NYSE: MBLY). Tesla: Moving To The Sidelines Looking forward to Tesla's second-quarter print (...
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Garmin's Biggest Problem? It's Hard To Pick Just One
Thursday, July 30, 2015 - 9:11am | 519Read More...Shares of Garmin Ltd. (NASDAQ: GRMN) were trading lower by 1.52 percent during Thursday's pre-market session after the company reported its second-quarter results on Wednesday. Here is a summary of what Wall Street's top analysts are saying. JPMorgan: No Catalyst, No Obvious Path To...
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GoPro Demand Is Steady, But Drones Are 'Literally Flying Off The Shelves,' PacCrest Says
Friday, July 17, 2015 - 11:12am | 325Read More...Pacific Crest's Brad Erickson said the firm prefers Ambarella Inc (NASDAQ: AMBA) over GoPro Inc (NASDAQ: GPRO) at current levels. While Erickson said that GoPro should both beat earnings expectations and raise guidance, the firm is less optimistic about future products. Erickson argued that...
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Ambarella Gets Multiple Target Boosts Ahead Of Q1 Results
Tuesday, June 2, 2015 - 8:09am | 420Read More...Ambarella Inc (NASDAQ: AMBA) got price target boosts from several analysts recently who cited improved guidance from its prime customer GoPro Inc (NASDAQ: GPRO). At least one analyst also believes Ambarella could be acquired by Qualcomm, Inc. (NASDAQ: QCOM). The video chip maker is slated to...
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Pacific Crest: Qualcomm Buying Ambarella Is 'Plausible'
Wednesday, May 27, 2015 - 11:07am | 433Read More...In a report published Tuesday, Pacific Crest Securities analyst Brad Erickson reiterated an Overweight rating on shares of Ambarella Inc (NASDAQ: AMBA) with a price target raised to $96 from a previous $78 given a growth and margin expansion trajectory through 2018. Erickson noted that part of...
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Tesla: The Street's Talking…Again
Tuesday, May 5, 2015 - 10:30am | 748Read More...Tuesday was a busy day for Wall Street analysts who cover shares of Tesla Motors Inc (NASDAQ: TSLA), as Jefferies initiated coverage with a Buy rating and $350 price target. Morgan Stanley commented on the company's battery opportunity, while Pacific Crest updated its model to reflect the...
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Analyst: Apple Watch May Not Be A Threat To Garmin After All
Saturday, April 11, 2015 - 12:39pm | 293Read More...Garmin Ltd. (NASDAQ: GRMN) shares are getting hurt by the pending launch of the Apple Watch, but an analyst said a little more pessimism on the stock could make it attractive. Switzerland-based Garmin, which makes navigation and information devices for both consumer and transportation markets,...
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Tesla Has Entered An 'Era Of Rising Transparency'
Monday, April 6, 2015 - 9:28am | 162Read More...Tesla Motors Inc (NASDAQ: TSLA) recently pre-announced its first quarter deliveries, announcing it delivered 10,030 vehicles in the quarter, topping the company's guidance of 9,500 deliveries. The company also noted that it will begin releasing delivery data within three days of the quarter end. In...
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GoPro's Key To Expansion? Video Editing Software
Monday, April 6, 2015 - 9:27am | 194Read More...Pacific Crest Securities issued a company spotlight on GoPro Inc (NASDAQ: GPRO) as the company's quarter ending checks met expectations. Pacific Crest rates GoPro as a Sector Perform, while a price target was unavailable. Analysts Brad Erickson and Andy Hargreaves wrote, "we found fewer mid-tier...
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'It's Ambarella's World, We're Just Living In It,' Notes Pacific Crest
Wednesday, March 4, 2015 - 10:53am | 262Read More...In a report published Tuesday evening, Pacific Crest analyst Brad Erickson commented that he remains a buyer of Ambarella Inc's (NASDAQ: AMBA) stock as "the bar remains low and out-year earnings are under-appreciated." Erickson wrote that the company's fourth quarter results...
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GoPro Gets Lift From Pacific Crest Comments
Tuesday, December 30, 2014 - 12:43pm | 253Read More...GoPro Inc (NASDAQ: GPRO) yo-yoed back up a few points Monday after an analyst said holiday shoppers lusted for its action cameras. Pacific Crest's Brad Erickson made the observation based on checks at big-box stores, but maintained a Sector perform rating on the company because of its...
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Pacific Crest Says 'Avoid GoPro At Current Levels'
Wednesday, October 29, 2014 - 9:54am | 255Read More...Pacific Crest Securities commented on channel checks for GoPro Inc (NASDAQ: GPRO) Wednesday. Analyst Brad Erickson noted that "checks indicate that demand for the Hero 4 Silver appears slightly stronger than the Black Edition camera, with more Black inventory versus Silver after the first...
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UPDATE: Pacific Crest Initiates Coverage On GoPro, Significant Upside Is Currently Unfavorable
Wednesday, October 15, 2014 - 2:55pm | 184Read More...Pacific Crest Securities initiated coverage on GoPro Inc (NASDAQ: GPRO) in a report issued Tuesday with a Sector Perform rating. Analysts Brad Erickson and Andy Hargreaves noted that "despite our bullish view of GoPro's brand and slight upside bias to forecasts, we believe upside...
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Pacific Crest: Electric Vehicle Struggles Don't Apply To Tesla Motors Inc
Thursday, September 18, 2014 - 5:24pm | 160Read More...Analysts at Pacific Crest remain bullish on Tesla Motors Inc (NASDAQ: TSLA), and see electric vehicle struggles do not apply to Tesla. Brad Erickson stated, “Given Tesla's high degree of differentiation from all other OEM strategies around EVs, we do not believe this is likely to...
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Garmin Shares Tumble 6% On Pacific Crest Downgrade
Wednesday, July 9, 2014 - 12:05pm | 243Read More...Shares of Garmin Ltd. (NASDAQ: GRMN) fell more than 6.33 percent following a Pacific Crest downgrade. Analyst Brad Erickson downgraded shares of Garmin from Sector Perform to Underperform and listed a fair value range in the mid- $40.00's. The firm emphasized that Apple's new iPhone and...
