Brad Erickson

Analysts were raising their price targets on Uber Friday after the company reported third-quarter earnings led by strong growth in the delivery segment. Uber Delivery The Standout: The delivery business for Uber Technologies (NYSE: UBER) reported 125% year-over-year revenue growth in the third...

Analysts defending the DraftKings Inc (NASDAQ: DKNG) share offering and the company's high marketing costs. DraftKings has lower customer acquisition costs than in the prior year, and additional state legalization in the online sports betting market in its favor, the analysts said. The...

Online sports betting DraftKings Inc (NASDAQ: DKNG) just got another bull. The DraftKings Analyst: Needham analyst Brad Erickson initiated coverage on DraftKings with a Buy rating and a price target of $70. The DraftKings Thesis: New states legalizing online sports betting/iGaming and technology...

Zillow Group Inc Class A (NASDAQ: ZG) announced an expanded service offering in select markets, beginning in 2021, that will allow customers to sell homes through licensed Zillow Homes employees.  The Zillow Analyst: Needham analyst Brad Erickson maintained a Buy rating on Zillow and...

Needham's channel checks increase the confidence in the opportunities for Zillow Group Inc’s (NASDAQ: ZG) Flex program to boost the company's all-important monthly recurring revenue metric, an analyst said Wednesday. The Zillow Analyst: Brad Erickson maintained a Buy rating on Zillow...

Ride-hailing company Lyft Inc (NASDAQ: LYFT) reported second-quarter results that immediately sent shares trading higher. But the stock reversed course and dipped into negative territory as the company acknowledged it may need to pause its operations in California. The Analysts CFRA analyst...

Ride-hailing and delivery company Uber Technologies Inc (NYSE: UBER) reported mixed second-quarter results Thursday that prompted Street analysts to debate whether the company is overly exposed to COVID-19 headwinds. The Uber Analysts Raymond James analyst Aaron Kessler maintains a Market...

The return of travel will be "slow and arduous," Needham said after Expedia Group, Inc.'s (NASDAQ: EXPE) second-quarter miss.  The Expedia Analyst: Brad Erickson reiterated a Hold rating on Expedia.  The Expedia Takeaways: It could take three to five years for...

Food delivery company GrubHub Inc (NYSE: GRUB) agreed to sell itself to Europe's JUST EAT TAKEAW/ADR (OTC: TKAYY) Wednesday in an all-stock transaction for $75.15 per GrubHub share. The announcement follows reports that Uber Technologies Inc (NYSE: UBER) was looking to buy GrubHub for around $...

If media reports are accurate that Uber Technologies Inc (NYSE: UBER) is in talks to acquire rival food delivery platform GrubHub Inc (NYSE: GRUB), it would be both an offensive and defensive move, according to Wedbusgh. The Uber Analysts Wedbush analyst Ygal Arounian maintains an Outperform rating...

Like rival Lyft Inc (NASDAQ: LYFT), Uber Technologies Inc (NYSE: UBER) reported mixed first-quarter earnings with a big bottom-line miss and significant top-line beat. But by and large, analysts offered glass-half-full interpretations. The Details Morgan Stanley celebrated 20% rides bookings growth...

Shares of Lyft Inc (NASDAQ: LYFT) traded as low as $35 this week, and Needham said the stock is offering investors a favorable risk-reward profile for the first time.   The Lyft Analyst Brad Erickson initiated coverage of Lyft with a Buy rating and $48 price target. The Lyft Thesis...

When people stay home because of coronavirus fears, the ride-hailing industry likely will feel it at least a little. Uber Technologies Inc. (NYSE: UBER) acknowledged that for the first time, saying in a financial filing on Monday that the Covid-19 outbreak - or the fear of a pandemic - could reduce...

A big step toward profitability at Uber Technologies Inc (NYSE: UBER) and a stated interest at the company in ramping toward making money more quickly boosted the ride-hailing company's credibility on Wall Street, prompting sell-side analysts to boost price expectations on the stock. Analysts...

First-hand checks with 33 service providers (SPs) who operate (or used to operate) on ANGI Homeservices Inc (NASDAQ:ANGI) suggest competition from Alphabet Inc (NASDAQ:GOOG)'s Google is intensifying, according to Needham. The Analyst Needham's Brad Erickson maintains a Buy rating on Angi...