Justin Patterson

Netflix, Inc. (NASDAQ: NFLX) shares gained 7.1% on Wednesday after the company reported better-than-expected subscriber losses in the second quarter and detailed plans to launch a new, low-cost, ad-supported subscription tier. On Tuesday, Netflix reported second-quarter adjusted EPS of $3.20,...

Netflix, Inc. (NASDAQ: NFLX) reported mixed second-quarter results late on Tuesday, but its stock rose in reaction to a fewer-than-expected loss in net subscriber additions. The Netflix Analyst: KeyBanc Capital Markets analyst Justin Patterson maintained a 'sector-weight...

Pinterest Inc (NYSE: PINS) rallied 14.8% on Friday following reports that activist investor Elliott Management has taken a 9% stake in the company. What Happened? On Thursday, the Wall Street Journal reported Elliott Management has taken a sizable stake in Pinterest and has been conducting...

Streaming equipment maker Roku, Inc. (NASDAQ: ROKU) rallied on Wednesday following a report that said the company is in talks to be acquired by Netflix, Inc. (NASDAQ: NFLX). An analyst at KeyBanc Capital Markets, however, does not see the deal materializing. The Roku, Netflix Analyst: Justin...

Shares of music streaming service Spotify Technology SA (NYSE: SPOT) have lost half of their market capitalization year-to-date. Here's what one bull analyst is saying ahead of an investor event next week.  The Spotify Analyst: KeyBanc analyst Justin Patterson reiterated an Overweight...

Snap set early alarm bells ringing for social media companies with its warning concerning second-quarter performance. An analyst at KeyBanc Capital Markets sees a read-across for these six companies. Google & Facebook: Alphabet, Inc. (NASDAQ: GOOGL)(NASDAQ: GOOG) and Meta Platforms, Inc. (...

Airbnb Inc (NASDAQ: ABNB) shares traded higher by 4.9% on Wednesday after the company reported big first-quarter earnings growth and said it expects a sharp rebound in summer travel in 2022 as pandemic headwinds abate. On Tuesday, Airbnb reported a first-quarter adjusted EPS loss of 3 cents, well...

Shares of Spotify SA (NYSE: SPOT) sold off on Wednesday after the music streaming service reported its first-quarter results. The Spotify Analyst: KeyBanc Capital Markets analyst Justin Patterson reiterated an Overweight rating on Spotify stock and lowered the price target from $235 to $210...

It was a turnaround of sorts for Meta Platforms, Inc. (NASDAQ: FB) Wednesday as the social media giant rebounded from the fourth quarter's disappointing performance. The Meta Analyst: KeyBanc Capital Markets analyst Justin Patterson maintained an Overweight rating and $280 price target for...

Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) shares traded lower by 3% on Wednesday after the tech giant reported an earnings miss and disappointed the market with its YouTube numbers. On Tuesday, Alphabet reported first-quarter adjusted EPS of $24.62 on revenue of $68.01 billion. Both numbers fell...

Alphabet, Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) shares came under pressure late on Tuesday after the search giant's mixed quarterly results.  KeyBanc Capital Markets analyst Justin Patterson delved into the standouts and sore points from the earnings...

Controversial Tesla Inc (NASDAQ: TSLA) CEO Elon Musk has Wall Street buzzing after social media platform Twitter Inc (NYSE: TWTR) accepted Musk's hostile takeover bid to take Twitter private for $44 billion. Twitter's board of directors accepted Musk's bid on Monday after initially...

Social media platform Snapchat parent company Snap Inc (NYSE: SNAP) reported quarterly earnings Thursday after the market close. Shares were extremely, volatile going from red to green sharply in the after-hours trading session. So where do analysts stand with the company after the latest report?...

Netflix Inc (NASDAQ: NFLX) reported a revenue miss and a loss of net paid adds for the first quarter. Reacting to the quarterly results, most analysts tempered their expectations for the streaming giant. The Netflix Analysts: Rosenblatt Securities analyst Barton Crockett maintained a...

Netflix, Inc. (NASDAQ: NFLX) shocked Wall Street by reporting below-consensus first-quarter revenues and a loss of net paid subscribers. The Netflix Analyst: KeyBanc Capital Markets analyst Justin Patterson maintained a Sector Weight rating on Netflix shares. The Netflix Thesis: Netflix's...