Sonos’ IPO didn’t crater — but the middling performance of the stock raises some questions concerning how well the smart speaker maker can perform against titans like Amazon and Google. Shares were priced at $15 each on Wednesday and closed…
Category archives: Wall Street
Top Analyst Downgrades Spotify to ‘HOLD,’ Citing Slower Consumer Interest
Last week, Spotify was upgraded to BUY by several analysts, all of whom predicted that the stock price would rise to above $200 ahead of the company’s next earnings report. But not everyone is so bullish — especially as soggier news comes in. No…
Sonos Wants to Raise $264 Million In Its Upcoming IPO
Sonos Inc. is all set to go public on Wall Street with its upcoming initial public offering (IPO). The wireless smart speaker market is booming, but Sonos will face fierce competition from big players like Amazon, Google, and Apple. These companies ar…
Spotify Price Targets are Surging Past $200 Ahead of Earnings
Spotify (SPOT) is experiencing a surge in price estimations on Wall Street ahead of its second-quarter results. Q1 2018 was a big miss for the company, as Wall Street expected to see $1.4 billion in revenue. Instead, the music streaming company only r…
Spotify Is Poised to Make Another $3 Billion — Thanks to Tencent Music’s Upcoming IPO
Tencent Holdings had been reportedly planning for a Tencent Music IPO. Now, it looks like those plans will officially go forth. After a strategic alliance was formed with Spotify last year, Tencent will attempt to follow in the footsteps of its wester…
Tencent Music Is About to File for a $30 Billion IPO
Spotify changed Wall Street forever with its $30 billion ‘non-IPO’. Now, Tencent Music wants to do the same, albeit through more traditional channels. We’ve written about the unbelievable transformations happening in the Chinese musi…
Spotify Is Sitting On an Advertising Gold Mine, Barclays Says
Consumers hate intrusive advertising — which is a major reason why they upgrade. But according to one Wall Street analyst, Spotify’s advertising revenue could become a big growth area. Social media sites like Facebook, Snapchat, and YouTube are …
Universal Music Group Is Now Toying With a $40 Billion IPO — Among Other Possibilities
Universal Music Group (UMG) parent Vivendi is now considering a behemoth public offering. But that’s just one of several tasty possibilities ahead. Universal Music Group (UMG) could potentially fetch a $40 billion valuation on Wall Street, …
Live Nation’s Losses Topped $41 Million Last Quarter — But Wall Street Is Impressed
Shares of Live Nation (LYV) have been trading substantially higher, thanks to improved financials. Live Nation pleasantly surprised Wall Street last week, across a number of areas. The company beat consensus expectations with a total revenue tall…
Snapchat’s Stock Has Fallen & It Can’t Get Up
Snapchat’s stock keeps going downhill amidst continued investor anxiety. In after-hours trading last Tuesday, Snapchat’s parent company Snap saw its shares fall by 17 percent, or $2.39, to $11.74. Its shares haven’t recovered si…