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May 18, 2024 2:00 AM - Alex Lavoie
Qifu Technology, Inc.Gears Up for First-Quarter Earnings Release
Qifu Technology, Inc. (NASDAQ:QFIN), a leading Credit-Tech platform based in China, is gearing up to unveil its first-quarter earnings for 2024 on May 20, before the market opens. This announcement is highly anticipated by investors and analysts alike, given the company's mixed performance in recent...
May 17, 2024 8:00 PM - Danny Green
Lightspeed POS Inc. Maintains Overweight Rating: A Closer Look at Its Performance
On Friday, May 17, 2024, Barclays reaffirmed its Overweight rating on Lightspeed POS Inc. (NYSE:LSPD), advising investors to hold their positions. This endorsement came as the stock was trading at $15.42, as highlighted by StreetInsider. Lightspeed Commerce Inc., known for its comprehensive point-of...
May 17, 2024 12:19 PM - Andrew Wynn
Cimpress plc (NASDAQ:CMPR) Announces Financial Restructuring Efforts
Cimpress plc (NASDAQ:CMPR), the parent company of VistaPrint and other leading businesses in the print mass customization sector, has recently made headlines with its financial restructuring efforts. The company announced a significant repricing and upsizing of its senior secured Term Loan B (TLB), ...
May 17, 2024 11:00 AM - Andrew Wynn
Verizon Receives Upgrade from Tigress Financial
On Friday, May 17, 2024, Tigress Financial upgraded Verizon (NYSE:VZ) to Buy from Hold, setting a new price target of $52, up from $50. This move reflects Tigress Financial's growing confidence in Verizon's potential for growth, as reported by TheFly. Verizon Communications Inc. is a leading player ...
May 17, 2024 10:52 AM - Davit Kirakosyan
Applied Materials Shares Rise Following Q2 Beat
Applied Materials (NASDAQ:AMAT) shares rose around 2% intra-day today after the company reported fiscal second-quarter results and guidance, surpassing estimates as the artificial intelligence wave continues to drive chip demand. For Q2, the company posted adjusted diluted earnings per share (EPS) o...
May 17, 2024 10:50 AM - Davit Kirakosyan
Alibaba Stock Jumps Following Michael Burry's Investment
Alibaba Group (NYSE:BABA) shares jumped over 7% yesterday after Michael Burry's investment firm significantly increased its stake in the e-commerce giant and other Chinese companies. Scion Asset Management, Burry's firm, expanded its holdings in Alibaba and JD.com, as indicated by a recent 13-F fili...
May 17, 2024 10:48 AM - Davit Kirakosyan
What to Expect From Nvidia’s Upcoming Earnings?
Nvidia (NASDAQ:NVDA) is scheduled to report its first-quarter 2025 earnings on Wednesday, May 22. Wall Street analysts expect Nvidia's Q1 revenue to reach $24.65 billion, up from the previous quarter and more than tripling from the same period last year. Net income is projected to soar to $12.87 bil...
May 17, 2024 10:44 AM - Davit Kirakosyan
Netflix's Neutral Rating Maintained at Piper Sandler
Piper Sandler analysts reiterated their Neutral rating and a $600 price target on Netflix (NASDAQ:NFLX) stock. The analysts attended Netflix’s recorded Upfront presentation and management Q&A in New York, leaving with a better understanding of Netflix’s advertising opportunities, especially the valu...
May 17, 2024 10:41 AM - Davit Kirakosyan
Coinbase Global Earns an Upgrade at BofA Securities
Coinbase Global (NASDAQ:COIN) shares rose more than 2% pre-market today after BofA Securities analysts upgraded the company to Neutral from Underperform, raising their price target to $217 from $110. The analysts noted that the current macro environment has positively impacted cryptocurrency market...
May 17, 2024 10:33 AM - Davit Kirakosyan
Robinhood Gains 5% on BofA Securities’ Double Upgrade
Robinhood Markets (NASDAQ:HOOD) shares rose more than 5% pre-market today after BofA Securities analysts upgraded the company to Buy from Underperform, raising the price target to $24 from $14. The analysts noted that the current entry point for Robinhood is favorable, contrasting with their 2021 Un...
May 17, 2024 10:15 AM - Danny Green
Market Analysis: Key Players Face Downturns Amid Strategic Shifts
In today's market analysis, we explore the significant downturns of several key players across various sectors, highlighting the challenges and strategic shifts that have influenced their recent performance. AmpliTech Group, Inc. (NASDAQ:AMPG), BuzzFeed, Inc. (NASDAQ:BZFDW), E-Home Household Service...
May 17, 2024 10:04 AM - Tony Dante
Walmart's Strategic Growth and Market Position Strengthened
KeyBanc's recent upgrade of Walmart (NYSE:WMT) to Overweight, with a price target increase from $63.33 to $75, reflects a positive outlook on the retail giant's financial health and market position. This adjustment, as reported by TheFly, comes at a time when Walmart is experiencing significant shif...
May 17, 2024 10:00 AM - Alex Lavoie
ZEEKR Intelligent Technology Holding Limited's IPO: A Milestone in the EV Market
ZEEKR Intelligent Technology Holding Limited, known by its ticker symbol ZK, recently made headlines with its debut on the New York Stock Exchange (NYSE). The company, a key player in the Chinese electric vehicle (EV) market, successfully priced its initial public offering (IPO) at $21 per share, re...
May 17, 2024 9:07 AM - Andrew Wynn
Royal Caribbean Price Target Raised by Wells Fargo: A Deep Dive into the Optimistic Outlook
Daniel Politzer of Wells Fargo has recently updated the price target for NYSE:RCL, Royal Caribbean, to $165, which is a 15.5% increase from its current trading price of $142.86. This adjustment, reported on May 17, 2024, by TheFly, reflects a growing confidence in the cruise operator's financial hea...
May 17, 2024 9:00 AM - Danny Green
Scotiabank Downgrades Macerich Company Amid Operational Challenges
Scotiabank's recent downgrade of Macerich Company (NYSE:MAC) to Underperform from its previous rating, which was not disclosed, reflects a significant shift in the bank's perspective towards the real estate investment trust (REIT). This adjustment, reported by TheFly, came into effect on Friday, May...
May 17, 2024 8:03 AM - Danny Green
Key Insights from Globant's Price Target Adjustment and Q1 2024 Earnings Call
Joseph Vafi of Canaccord Genuity recently adjusted the price target for Globant (NYSE:GLOB) to $175, as reported by TheFly. This new target suggests a slight decrease of about 1.54% from its trading price on May 17, 2024, which was $177.73. This adjustment reflects a significant change from the prev...
May 17, 2024 8:00 AM - Andrew Wynn
Wolfe Research Upgrades Alaska Air Group to Outperform
Wolfe Research recently upgraded its rating on Alaska Air Group, Inc. (NYSE:ALK) to Outperform, signaling a bullish stance on the airline's future performance. This upgrade, announced on May 17, 2024, reflects a growing confidence in Alaska Air's ability to navigate the challenges and opportunities ...
May 17, 2024 7:07 AM - Gordon Thompson
Boot Barn Receives New Price Target from UBS Analyst
On May 17, 2024, Jay Sole from UBS set a new price target for Boot Barn (NYSE:BOOT) at $140, marking a significant increase from its current price of $111.69. This adjustment suggests an optimistic outlook, with a potential upside of approximately 25.35%. The announcement was covered by StreetInside...
May 17, 2024 5:05 AM - Rayan Ahmad
Macquarie Analyst Sets New Price Target for JD.com, Inc
Ellie Jiang from Macquarie has recently set a new price target for NASDAQ:JD, JD.com, Inc, at $40, which is a significant 16.72% increase from its current price of $34.27. This adjustment was announced on May 17, 2024, and is accompanied by an upgrade of JD to 'Outperform'. This optimistic forecast ...
May 17, 2024 5:00 AM - Andrew Wynn
Copart, Inc. Q3 Fiscal Year 2024 Earnings Overview
Copart, Inc. (NASDAQ:CPRT), a leading online vehicle auction services provider, recently reported its earnings for the third quarter of the fiscal year 2024. The company, headquartered in Dallas, specializes in selling damaged and total-loss vehicles to used-car dealers and dismantlers. With a sligh...
