Mark Kelley

The big news this week in the music world is the Sirius XM Holdings Inc (NASDAQ: SIRI) buyout of Pandora Media Inc (NASDAQ: P). Prior to the merger news, Nomura Instinet analyst Mark Kelley released his monthly digital music tracker, which included all the latest numbers for Pandora, Spotify...

Trade Desk Inc (NASDAQ: TTD) stock skyrocketed more than 36 percent on Friday after a huge second-quarter earnings beat and raised guidance. For traders wondering whether to stay along for the ride or take the money and run, here’s what several Wall Street analysts had to say about the stock...

Twitter Inc (NYSE: TWTR) is trading down 26 percent since the social media platform's second-quarter print, and it's a correction Nomura has been expecting.  The Rating Analyst Mark Kelley upgraded Twitter from Reduce to Neutral and maintained a $31 price target. The Thesis Kelley...

Facebook, Inc. (NASDAQ: FB) dropped 20 percent Thursday following its second-quarter earnings call Wednesday. Earnings figures were mixed, with a beat on EPS and miss on sales, but the key figures were Facebook’s daily and monthly active users. Both grew by 11 percent globally, just...

Facebook, Inc. (NASDAQ: FB)'s "underwhelming" second-quarter results prompted Nomura to downgrade the stock Thursday.  The Analyst Nomura Instinet's Mark Kelley downgraded Facebook from Buy to Neutral with a price target lowered from $228 to $183. The Thesis Facebook...

Nomura isn’t discouraged by a slowdown in global internet user growth. “Overall, we think there is still some room for growth in digital advertising for the foreseeable future,” analyst Mark Kelley said in a note initiating net positive coverage of the internet space. The...

Shares of Etsy Inc (NASDAQ: ETSY) hit an all-time low of $8.40 immediately following the company's earnings report in early May. But the stock quickly rebounded as investors become optimistic that an activist investor campaign and a new management slate could result in a potential sale of itself....

Mark Kelley of Citi initiated coverage of Match Group Inc (NASDAQ: MTCH) with a Buy rating and $22 price target as the company given the success of the Tinder platform and new product launches. Online Dating Category Kelley believes Match Group is positioned to take advantage of the rapidly growing...

Citi's Mark Kelley initiated coverage of IAC/InterActiveCorp (NASDAQ: IAC) with a Buy rating and $89 price target as the company has established an impressive track record of generating shareholder value. According to Kelley, IAC has proven itself to be a "shareholder value creation engine...

Although there is “some risk” to estimates for first quarter and second quarter of 2017, Groupon Inc (NASDAQ: GRPN) is “a turnaround story that is worth paying attention to,” given that its operations and country footprint are “getting closer to the go-forward strategy...

Citi’s Mark Kelley believes the 16 percent decline in Etsy Inc (NASDAQ: ETSY) shares, following Q3 2016 results, was driven by the announcement of the departure of CFO Kristina Salen in March 2017 and comments regarding a deceleration in Seller Services. Kelley reiterated a Buy rating on...

Citi sees 17.6 percent potential upside in Trade Desk Inc (NASDAQ: TTD) shares as it started coverage of the stock with a Buy rating and $31 target price, saying that despite recent rally, the company’s conservative outlook would lead to stock price appreciation. Trade Desk offers a self-...

Shares of Etsy Inc (NASDAQ: ETSY) have surged 58 percent since July 1, versus a mere 4 percent gain in the S&P. “[Despite this recent outperformance], we believe there is still room for numbers to improve and, therefore, think the stock continues to work,” Citi’s Mark...

Although The Rubicon Project Inc (NYSE: RUBI) reported another beat quarter, the CY16 guidance came in well below expectations. Citi’s Mark Kelley downgraded the rating on the company from Buy to Neutral, while lowering the price target from $26 to $17. Thoughts On The Stock “Header...

Etsy Inc (NASDAQ: ETSY) reported its results ahead of the consensus, and raised its full-year guidance. Citi’s Mark Kelley maintained a Buy/High Risk rating on the company, while raising the price target from $14 to $16. Etsy reported its revenues at $85.3 million, higher than the...