FMP
Nov 29, 2024 11:04 AM - Davit Kirakosyan
Wedbush Reaffirms $300 Target for Apple as iPhone 16 and AI Integration Gain Momentum
Wedbush analysts reiterated an Outperform rating and a $300 price target on Apple (NASDAQ:AAPL), highlighting key drivers for the company’s performance during the holiday season and its expanding AI capabilities. The analysts noted that Black Friday marked the beginning of an important period for Ap...
Nov 29, 2024 11:01 AM - Davit Kirakosyan
Lake Street Reaffirms Buy Rating and $4 Target for 3D Systems Amid Improving Additive Manufacturing Outlook
Lake Street Capital Markets analysts maintained a Buy rating and a $4 price target on 3D Systems (NYSE:DDD), citing improving prospects for the additive manufacturing sector despite lingering challenges. The analysts noted that while the sector benefits from favorable tailwinds, broader economic con...
Nov 29, 2024 10:57 AM - Davit Kirakosyan
Citi Lifts Snap Price Target to $13, Shares Gain 3%
Snap (NYSE:SNAP) shares rose more than 3% intra-day today after Citi analysts raised the price target on the stock to $13 from $11, while maintaining a Neutral rating. The update reflects a cautious stance as Snap navigates challenges alongside potential growth opportunities. The analysts highlighte...
Nov 29, 2024 10:53 AM - Davit Kirakosyan
JPMorgan Downgrades Baidu to Neutral Amid Uncertainty Over Macro Recovery and AI Monetization
JPMorgan analysts downgraded Baidu (NASDAQ:BIDU) from Overweight to Neutral, reducing their price target to $87 from $130. The revision reflected concerns over diminishing earnings visibility driven by uncertainties in macroeconomic recovery and the impact of generative AI content deployment on mone...
Nov 29, 2024 10:50 AM - Davit Kirakosyan
Rosenblatt Reiterates Buy Rating on Marvell, Expects Earnings Beat
Rosenblatt analysts reaffirmed a Buy rating and a $120 price target for Marvell Technology (NASDAQ:MRVL), citing strong expectations ahead of its fiscal third-quarter 2025 earnings report on December 3. The analysts projected Marvell to exceed both revenue and non-GAAP earnings per share (EPS) estim...
Nov 29, 2024 10:46 AM - Davit Kirakosyan
Citi Raises ULTA Beauty Price Target to $390 Amid Expectations of a Q3 Earnings Beat
Citi analysts increased their price target for ULTA Beauty (NASDAQ:ULTA) from $345 to $390, maintaining a Neutral rating ahead of the company’s upcoming third-quarter earnings report. The analysts projected third-quarter earnings per share (EPS) of $4.69, outperforming the Street consensus estimate ...
Nov 27, 2024 8:52 AM - Davit Kirakosyan
Autodesk Shares Drop 7% Despite Narrow Q3 Earnings Beat and Revenue Growth
Autodesk (NASDAQ:ADSK) saw its shares decline by more than 7% in pre-market today after reporting third-quarter results that slightly exceeded expectations but failed to impress investors. For the third quarter of fiscal 2025, the design software company posted adjusted earnings per share of $2.17, ...
Nov 27, 2024 8:48 AM - Davit Kirakosyan
CrowdStrike Beats Q3 Expectations, But Shares Dip on Q4 Revenue Guidance
CrowdStrike Holdings (NASDAQ:CRWD) reported strong third-quarter results and raised its annual forecast, driven by increased demand for its cybersecurity solutions amid the rise of AI-fueled online threats. Despite the positive performance, the company’s shares dropped over 3% in pre-market today du...
Nov 27, 2024 8:46 AM - Davit Kirakosyan
Dell Shares Plunge 12% on Weak Q4 Revenue Guidance
Dell Technologies (NYSE:DELL) saw its shares tumble over 12% in pre-market today after issuing fourth-quarter revenue guidance that fell short of Wall Street expectations, driven by declining demand for traditional PCs and intensifying competition. For the third quarter, Dell reported adjusted earni...
Nov 27, 2024 8:44 AM - Davit Kirakosyan
HP Shares Slide 8% on Weak Q1 Guidance Despite Q4 Earnings Beat
HP (NYSE:HPQ) reported fiscal fourth-quarter earnings that surpassed Wall Street estimates, but its weaker-than-expected guidance for the current quarter sent shares plunging over 8% in pre-market today. For the fourth quarter, HP posted adjusted earnings per share (EPS) of $0.93, in line with analy...
