"Analysts Offer Predictions for Blue Apron Holdings Inc's Q2 2017 Earnings (NASDAQ:APRN)" was first reported by Community Financial News and is owned by of Community Financial News. SunTrust Banks, Inc. initiated coverage on Blue Apron Holdings in a research note on Monday.
Blue Apron may reach its $10 IPO price again, provided it can "consistently improve convenience, price and selection for customers" in light of the "major negative overhang" of Amazon's moves into the space, RBC Capital Markets, another Blue Apron underwriter, said Monday. Northcoast upgraded the stock to "Neutral" rating in Monday, May 16 report. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company.
Morgan Stanley'sBrian Nowak starts the stock at Equal Weight with a $7.50 price target, writing that despite double-digit growth in revenue through 2022, he thinks there will be "competition, churn, and customer acquisition cost to limit the pace of APRN's ability to profitably scale".
The stock of Blue Apron Holdings Inc (NYSE:APRN) is a huge mover today! Stifel Nicolaus initiated coverage on Blue Apron Holdings in a research report on Monday. They issued a "buy" rating and a $12.00 price target on the stock.
RBC initiated coverage of the company with a "market outperform" rating and a $10 price target. The firm issued a buy rating and a $50.00 price target on the stock.
Blue Apron's rebound on Monday drew a rush of activity in the stock's options. The company has market cap of $7.84 billion. If you are reading this piece on another domain, it was stolen and reposted in violation of US and worldwide trademark and copyright law. The company has market cap of $1.94 billion.
Blue Apron Holdings, Inc.is a holding company. Even if bigger companies like Amazon enter the meal delivery business, analysts are expecting Blue Apron to be able to grab a meaningful portion of the market. The Firm is focused on providing recipes and fresh ingredients for making home cooking accessible. The Company's divisions include Executive Search, Hay Group and Futurestep.
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