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PDD Stock Jumps 15 percent on Q3 Beat
Shares of PDD Holdings (NASDAQ:PDD), formerly known as Pinduoduo, saw a significant increase of nearly 15% pre-market today following the announcement of their third-quarter sales, which exceeded expectations.
For the quarter ending September 30, PDD reported a revenue of 68.84...
Shopify’s Rating Slashed to Underweight at Piper Sandler
Piper Sandler downgraded Shopify (NYSE:SHOP) shares from Neutral to Underweight, with analysts reducing the price target to $56 from the previous $58 per share.
The analysts highlighted Shopify's significant outperformance this year, driven by its exit from the logistics...
MercadoLibre Upgraded to Buy After Strong Black Friday Performance
Bank of America analysts upgraded the rating for Mercadolibre (NASDAQ:MELI) to Buy from Neutral, following impressive Black Friday performance. Along with this upgrade, the price target for Mercadolibre has been significantly increased by $650, bringing it to $2000 per...
Bernstein Sees Appealing Revenue Story for Confluent
Bernstein analysts initiated coverage of Confluent (NASDAQ:CFLT) with an Outperform rating and a price target of $34 per share. Shares jumped more than 8% intra-day today.
The analysts described Confluent as an appealing revenue story, benefiting from the ongoing adoption...
Tesla’s Cybertruck Expected to Cost $50,000-80,000, Says Wedbush
Wedbush analysts maintained an Outperform rating and a $310.00 price target on Tesla (NASDAQ:TSLA), following the company's announcement of a Cybertruck event scheduled for this Thursday, marking the vehicle's first deliveries.
The analysts view this event as a significant milestone...
Spotify Makes Royalty Changes for to Drive $1 Billion Drive for Artists Keeping Fraudsters at Bay
Spotify (SPOT) has announced that certain types of “noise” music, like white noise and sleep sounds, must now be two minutes or longer. Additionally, labels and distributors who they believe are creating fake streams—a.k.a., using click-farms or bots to...
Before CEO Sam Altman was fired, OpenAI personnel informed the board of an AI breakthrough-reports say.
Researchers at OpenAI allegedly alerted the board of the business to an AI breakthrough that was so potent that it may "threaten humanity," according to recent stories from Reuters and The Information.According to the sources, one of the main...
Pinterest Started With Buy Rating at New Street Research, Shares Gain 3 percent
Shares of Pinterest (NYSE:PINS) experienced a 3% rise intra-day today following the initiation of positive research coverage by New Street Research.
The analysts selected Pinterest as a new Top SMID Cap Pick, starting coverage with a Buy rating and setting...
Foot Locker Shares Drop Following Citi’s Downgrade
Shares of Foot Locker (NYSE:FL) saw a 4% decline intra-day today following a downgrade by Citi to Sell with an assigned price target of $18, suggesting a possible 22% downside. The analysts at Citi believe Foot Locker will prioritize...
Citi Expects a Q3 Miss By Ulta Beauty
Citi analysts adjusted their price target for Ulta Beauty (NASDAQ:ULTA), reducing it by $35 to $440 per share, amid expectations that the company may fall short of analyst forecasts in its upcoming Q3 report, which is scheduled on Nov...