While we slightly lowered our revenue projection for this fiscal year, we continue to expect margin expansion during the same period.
Although we're more confident in the no-moat firm's ability to operate more efficiently while aggressively growing its number of listeners, shares remain overvalued.
Even after the pop in the wide-moat firm's shares, we still think investors are being presented with an appealing entry point.
The better than expected results support our view that the wide-moat firm can regain user trust.
We are maintaining our fair value estimate and see the stock as overvalued today.
The Google parent should remain an advertising behemoth and gain traction in the enterprise cloud, but shares aren't cheap.
Margin pressures persist, and we view shares as fairly valued today.
Martin Sorrell's departure may hurt WPP's relationship with clients short term, but we think such an impact will be minimal.
Although new regulations are possible, we think shares of the wide-moat firm are undervalued.
The power of record labels and competition from behemoths lead to our no-moat rating on the music streaming service.
We're maintaining our fair value estimate after the firm reported in-line results.
We think much of the possible downside is accounted for in the current price.
We are planning to raise our fair value estimate for the no-moat firm.
We’re increasing our fair value for Snap, but don’t see the no-moat firm as attractively priced today.
We are raising our fair value estimate to $1,200 and view shares fairly valued today.
We’re boosting our fair value estimate for wide-moat Facebook, but don’t see the shares as a bargain.
Ad holding firms and their agencies will maintain their market-leading positions, creatively.
A heavily discounted price, burly yield, and narrow moat make shares of Interpublic Group appealing.
This moaty business should drive Alphabet’s earnings higher.
The firm’s results underscore our no-moat rating and we see shares as fully valued.
We’re lowering our fair value estimate after Snap continues to find it difficult to compete against Facebook.
We're boosting our fair value estimate for the firm but see shares as fully valued today.
We recommend a wider margin of safety before allocating capital toward this wide-moat name.
We view shares as fairly valued today, and are raising our fair value estimate.
IAC maintains a large stake in the newly formed ANGI Homeservices, whose revenue growth and margin expansion targets we're skeptical of.
We continue to recommend a wider margin of safety before allocating capital to this no-moat and very high uncertainty name.
The fears about the impact of Apple's ITP on narrow-moat Criteo's business are overblown.
The move could further strengthen Alphabet's moat as Pixel and other hardware can bring in more users, increasing user count/engagement, from which more data will be compiled to drive more online ad revenue growth.
Our fair value estimate is intact for this no-moat and very high uncertainty name.
We think the company is positioned to benefit as advertising and marketing become more complex.
We still think Twitter has no economic moat and would wait for a cheaper price before buying, but the market is likely overreacting to the lack of user growth.
With 2 billion monthly average users and revenue growing at 45% year over year in the quarter, we're raising our fair value estimate for the company.
We’re boosting our view of Facebook’s growth and profitability after the firm reported excellent second-quarter results.
Google keeps riding the digital ad wave, but we recommend investors wait for a wider margin of safety.
The Google parent has a better than expected second quarter, and we see shares as fairly valued today.
The no-moat company now trades below its $17 IPO price, we continue to recommend a wider margin of safety before investing in this very high uncertainty name.
A final decision on the most recent ruling and other cases could take years, and we have included their impact in our bear-case scenario of Alphabet's valuation.
While results support our thesis that BlackBerry has successfully transitioned from a hardware to a software company, its long-term success remains to be seen.
What's left of the company formerly known as Yahoo has started trading as a closed-end management company.
We now value Altaba at $55 per share, mainly due to Morningstar’s higher valuation of Alibaba, in which Altaba has a 15% stake.
We are maintaining our fair value estimate after mixed first-quarter results and think investors should continue to look elsewhere for value.
With more users and user engagement, Facebook continues to not only strengthen its network, but also possibly the value of its intangible assets stemming from user data.
The Google parent had better than expected top- and bottom- line growth driven by a robust ad market.
We’re raising our fair value for BlackBerry to account for the $815 million cash infusion, but we’d wait for a larger margin of safety before investing.
The latest quarterly results support our belief that BlackBerry will successfully transition from a hardware to a software company.
We've lowered our fair value estimate and downgraded our moat rating for the social media firm as the slowdown in user growth will hamper monetization.
The Snapchat parent soared in its debut, but investors should wait for a wider margin of safety on this 'camera company.'
We don't believe the Snapchat parent has earned an economic moat and think shares are worth $15 each.
While the firm's growing user engagement is reaffirming part of our thesis, lower than expected user growth and delay in more effective monetization of the users are concerning.
The wide-moat social network had a strong fourth quarter, but will need to continue to invest in innovation to keep competitors at bay.