Scott Devitt

Commenting on Facebook Inc (NASDAQ: FB)'s messaging opportunity, Stifel’s Scott Devitt said the company had a “multi-year monetization catalyst ahead.” He recommended investors to own Facebook as a long-term holding. “While we are not adjusting our model at this time due to...

Facebook Inc (NASDAQ: FB) is scheduled to report its third quarter results after Wednesday's close. Stifel's Scott Devitt is expecting the report to show top-line growth for the 14th consecutive quarter after beating earnings and sales expectations in its second quarter print in late July...

Stifel’s Scott Devitt expects Alibaba Group Holding Ltd (NYSE: BABA) to report its revenue and adjusted EBITDA slightly above the consensus expectations when the company reports its Q2 2017 results on Wednesday. Devitt maintained a Buy rating on the company, with a price target of $125...

Netflix, Inc. (NASDAQ: NFLX) has evolved from launching "House of Cards," its first major original series, to becoming the largest player in premium video content globally. Netflix's recent slowdown in domestic growth in an increasingly competitive field, however, has caused many investors to...

Stifel analysts Scott Devitt, Lamont Williams and Ansel Parikh provided some key insights into eBay Inc (NASDAQ: EBAY) as the online auctioneer reaches the halfway point of its 18–24-month transformation effort. The transformation journey seeks to make eBay the best choice, most relevant and...

Paypal Holdings Inc (NASDAQ: PYPL) reiterated its medium-term outlook at its Analyst Day, the company's first event of its kind since separating from eBay Inc (NASDAQ: EBAY). Valuations The company still sees FX-adj. TPV (total payment volume) growth in the mid-20 percent range, FX-adj....

Alibaba Group Holding Ltd (NYSE: BABA) said its revenue would grow at a faster rate than gross merchandise volume (GMV) for the foreseeable future, according to Stifel analysts who met with the management of the e-commerce company. Slowing GMV growth remains a concern among investors, as it acts as...

Nomura, Stifel, Citi and Suntrust recently issued reports on Twitter Inc (NYSE: TWTR) after weakness seen in the company's user growth and turnover in management has caused share prices to fall 57 percent in the past year. The overall sentiment was negative, with analysts reiterating that Twitter...

Shares of Alibaba Group Holding Ltd (NYSE: BABA) have lost more than 20 percent year-to-date as China's economy has shown signs of slowing down – a potential negative for the company. Alibaba may have eased investor concerns over a slowing Chinese economy and consumer spending after the...

Paypal Holdings Inc (NASDAQ: PYPL) shares are down 10 percent since July 7 and have remained below the $35 mark since August 20. Stifel’s Scott W. Devitt has upgraded the company from Hold to Buy, with a price target of $40. Devitt believes that One Touch has the potential to...

In a report published Tuesday, Stifel analyst Scott W. Devitt upgraded the rating on Google Inc (NASDAQ: GOOGL) from Hold to Buy, with a price target of $850. The analyst called the company "Berkshire Hathaway of the Internet," with potential for a "multi-year stock run....

Shares of Facebook Inc (NASDAQ: FB) were trading lower by 2.5 percent in Thursday's pre-market session after the company reported its second-quarter results on Wednesday. Here are what Wall Street's top analysts are saying. Morgan Stanley: Bullish Thesis Continues Brian Nowak of...