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Sep 13, 2024 9:34 AM - Davit Kirakosyan
Adobe Stock Drops 8% After Q3 Results Beat Estimates but Q4 Guidance Falls Short
Adobe (NASDAQ:ADBE) reported its fiscal third-quarter results on Thursday, surpassing analysts' expectations, but its guidance for the upcoming quarter fell short of forecasts, leading to a drop in its stock price of more than 8% pre-market today. The company posted earnings of $4.65 per share on re...
Sep 13, 2024 9:31 AM - Davit Kirakosyan
Oracle Shares Surge 6% to Record High
Shares of Oracle Corporation (NYSE:ORCL) surged more than 6% pre-market today driven by the company’s optimistic outlook for future revenue growth fueled by demand in artificial intelligence. The stock hit a new all-time high, continuing its upward momentum after reporting strong quarterly earnings ...
Sep 13, 2024 9:28 AM - Davit Kirakosyan
Barclays Downgrades Garmin to Underweight, Shares Fall 2%
Garmin Ltd. (NYSE:GRMN) shares fell more than 2% pre-market today after Barclays analysts downgraded the company to Underweight from Equalweight, lowering the price target to $133 from $181. The downgrade is based on concerns that Garmin's current valuation is overly extended. Long pointed out sever...
Sep 13, 2024 9:21 AM - Davit Kirakosyan
Sempra Energy Reaffirmed at Outperform by Mizuho, With Confidence in LNG Strategy
Mizuho analysts reaffirmed their Outperform rating for Sempra Energy (NYSE:SRE), maintaining a price target of $88 on the stock. Following investor meetings in Boston and Toronto with Sempra’s CFO Karen Sedgwick, the analysts noted the company’s confidence in managing challenges related to the ECA d...
Sep 13, 2024 9:16 AM - Davit Kirakosyan
Mizuho Lowers Airbnb Price Target to $170, Citing Aggressive Growth Expectations and Focus on Affordability
Mizuho analysts lowered their price target for Airbnb (NASDAQ:ABNB) to $170 from $175 while maintaining an Outperform rating on the stock. The analysts highlighted several factors influencing the revised target: first, the projected 8% room night growth for Q4 2024 may be overly optimistic, particul...
Sep 13, 2024 9:11 AM - Davit Kirakosyan
Evercore Upgrades Borr Drilling to Outperform, Shares Rise 3%
Borr Drilling (NYSE:BORR) shares rose more than 3% pre-market today after Evercore ISI analysts upgraded the company from In Line to Outperform, setting a price target of $9.00. The upgrade is based on improved revenue and cash flow visibility for Borr Drilling, supported by the strength of the ongo...
Sep 13, 2024 12:09 AM - Gordon Thompson
BMO Capital Upgrades American Tower Corporation (NYSE:AMT) to Outperform
BMO Capital's recent upgrade of American Tower Corporation (NYSE:AMT) to Outperform, with a revised price target of $260, reflects a strong vote of confidence in the company's future prospects. American Tower, a leading player in the telecommunications infrastructure industry, operates a vast networ...
Sep 13, 2024 12:04 AM - Alex Lavoie
Caleres Inc. (NYSE:CAL) Earnings Report Highlights
On Thursday, September 12, 2024, Caleres Inc. (NYSE:CAL), a prominent footwear company known for owning brands like Famous Footwear and Allen Edmonds, reported its earnings before the market opened. The company's revenue for the quarter was approximately $683.3 million, which did not meet the expect...
Sep 12, 2024 11:05 PM - Tony Dante
Citigroup Adjusts Stance on Wells Fargo & Company
Citigroup's recent adjustment of its stance on Wells Fargo & Company (NYSE:WFC) to a "Neutral" grade reflects a cautious approach towards the stock. This recommendation, suggesting investors to hold rather than buy or sell, comes at a time when Wells Fargo faces significant regulatory challenges. Th...
Sep 12, 2024 10:00 PM - Andrew Wynn
Big Lots Earnings Report Highlights Key Financial Challenges and Strategic Shifts
On Thursday, September 12, 2024, Big Lots, a discount home goods retailer, reported its earnings before the market opened, revealing an earnings per share (EPS) of -8.04, which was significantly below the estimated -3.71. Despite this, the company's revenue for the period was approximately $1.05 bil...
Sep 12, 2024 9:00 PM - Stuart Mooney
Adobe Inc. (NASDAQ:ADBE) Surpasses Q3 Earnings and Revenue Estimates
Adobe Inc. (NASDAQ:ADBE), a leading software company known for its creative and digital marketing solutions, recently reported its earnings for the third quarter of 2024. The company announced an earnings per share (EPS) of $4.65, surpassing the estimated EPS of $4.53. Additionally, Adobe reported r...
Sep 12, 2024 8:00 PM - Gordon Thompson
Jefferies Downgrades Moderna Inc. (NASDAQ:MRNA) to Hold
On September 12, 2024, Jefferies adjusted its stance on Moderna Inc. (NASDAQ:MRNA), moving its rating to Hold from Buy. This decision by Jefferies signals a shift in their perspective towards the biotechnology company, known for its pioneering mRNA technology and COVID-19 vaccine. Moderna's stock pr...
Sep 12, 2024 6:00 PM - Gordon Thompson
Oppenheimer Maintains "Perform" Rating on Unity Software Inc. (NYSE:U)
On September 12, 2024, Oppenheimer maintained its "Perform" rating on Unity Software Inc. (NYSE:U), a leading software company known for its development platform widely used in the creation and monetization of mobile games. This rating, suggesting that investors hold their positions, comes at a time...
Sep 12, 2024 5:08 PM - Danny Green
MasterCard (NYSE:MA) Sets New Price Target and Acquires Cybersecurity Firm
On September 12, 2024, Alex Markgraff from KeyBanc set a price target of $515 for MasterCard (NYSE:MA), indicating a potential upside of approximately 4.65% from its price at the time, which was $492.11. This analysis was accompanied by an Overweight rating, as detailed in a report available on Stre...
Sep 12, 2024 4:00 PM - Tony Dante
Douglas Dynamics, Inc. (NYSE:PLOW) - A Beacon in the Snow and Ice Control Industry
Douglas Dynamics, Inc. (NYSE:PLOW), based in Milwaukee, Wisconsin, stands as a prominent player in the North American market for commercial work truck attachments and equipment. The company's specialization in snow and ice control products, alongside its diverse range of storage solutions for trucks...
Sep 12, 2024 2:57 PM - Davit Kirakosyan
Moderna Stock Plunges 19% After Cutting R&D Budget by $1.1 Billion
Moderna (NASDAQ:MRNA) saw its stock tumble over 19% intra-day on Thursday following the company’s announcement of significant reductions to its research and development (R&D) budget. At its annual R&D Day, the biotech firm disclosed plans to scale back R&D spending by approximately $1.1 billion. The...
Sep 12, 2024 2:54 PM - Davit Kirakosyan
Kroger Surpasses Q2 Earnings Expectations, Shares Gain 6%
Kroger (NYSE:KR) reported strong second-quarter earnings, surpassing expectations and leading the grocery giant to raise the lower end of its full-year sales outlook. Following the announcement, the company’s stock surged over 6% intra-day today. For the quarter, Kroger delivered adjusted earnings p...
Sep 12, 2024 2:52 PM - Davit Kirakosyan
Roku Upgraded to Outperform by Wolfe Research, Stock Surges 5%
Roku Inc. (NASDAQ:ROKU) shares rose more than 5% intra-day today after Wolfe Research analysts upgraded the stock to Outperform from Peerperform, setting a price target of $93. The upgrade stems from the analysts’ belief that Roku’s risk profile has improved, despite its reputation as a high-risk st...
Sep 12, 2024 2:51 PM - Davit Kirakosyan
BofA Upgrades Potlatch to Buy, Shares Rise 4%
PotlatchDeltic (NASDAQ:PCH) shares rose more than 4% intra-day today after BofA Securities analysts upgraded the company to Buy from Neutral, raising the price target to $51 from $49. The analysts pointed to PotlatchDeltic's over 20% underperformance year-to-date as a key factor in the upgrade, noti...
Sep 12, 2024 2:48 PM - Davit Kirakosyan
Stephens Initiates Coverage on Carvana with Overweight Rating, Shares Up 5%
Stephens analysts initiated coverage on Carvana (NYSE:CVNA) with an Overweight rating and a price target of $190 on the stock. Shares rose more than 5% intra-day on Thursday. The analysts view Carvana as a transformative force in the U.S. used vehicle retail market, the country’s largest consumer ve...
