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Tuesday, March 19, 2024
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HomeBusiness

Business

Globus Medical Earns an Upgrade at BTIG, Shares Rise

Globus Medical (NYSE:GMED) shares rose more than 2% intra-day today after BTIG analysts upgraded the company to Buy from Neutral, setting a price target of $60. The analysts’ stance reflects a valuation based equally on P/E and EV/EBITDA ratios....

Mizuho Securities Sees Upside to Meta’s Consensus Estimates

Mizuho Securities analysts highlighted Meta Platforms (NASDAQ:META) as their new Top Pick, maintaining a Buy rating and a price target of $575. The firm's thorough analysis of Meta's primary products reveals potential for exceeding the consensus revenue forecast for...

HashiCorp Stock Jumps 8 percent Following M&A Rumors

HashiCorp (NASDAQ:HCP) shares surged more than 8% intra-day today following a Bloomberg report suggesting the company is exploring the possibility of a sale. According to the report, which cites unnamed sources, HashiCorp is evaluating its options, including selling the...

U.S. Steel’s Guidance Misses Estimates

United States Steel (NYSE:X) issued fiscal Q1/24 earnings guidance that fell short of analysts' expectations. The steelmaker anticipates Q1 adjusted EPS to range from $0.80 to $0.84, compared to analysts' forecasts of $0.89. Additionally, U.S. Steel expects its adjusted...

Nike Slashed to Sell at Williams Trading

Williams Trading analysts downgraded Nike (NYSE:NKE) to Sell from Hold, reducing the price target from $92 to $85. The analysts explained the downgrade by highlighting a shift in Nike's operational approach, noting the company's move away from its previously self-critical...

Walmart is selling MacBook Air With M1 for $699, web fans are thrilled

Walmart announced that it will sell its customers MacBook Airs with M1 chips. The giant retailer said the new product sale continued its policy of delivering high-quality goods at affordable rates that were the best. The nation's largest retailer...

Adobe first quarter results beat estimate, shares fall 13 percent on weak revenue forecast

Adobe reported its first quarter results on Friday. Although the software company posted higher earnings, its shares fell by 13 percent due to a weak revenue forecast. The design company also said it would buy back $25 billion in...

PagerDuty Shares Drop 8 percent on Guidance Miss

PagerDuty (NYSE:PD) experienced a decline of more than 8% intra-day today as its future outlook failed to meet expectations, despite reporting fiscal fourth-quarter earnings that exceeded analysts' predictions. For Q4, PagerDuty announced adjusted earnings of $0.17 per share and...

Ulta Beauty Drops 4 percent Despite Q4 Beat

Ulta Beauty (NASDAQ:ULTA) surpassed expectations with its fiscal fourth-quarter 2023 earnings and revenue, leading to an updated outlook on its full-year operating margin and capital expenditures. Despite the strong performance, the beauty retailer's stock dipped over 4% intra-day today. In...

Micron Shares Gain Following a Price Target Boost by Citi

Ahead of Micron Technology's (NASDAQ:MU) fiscal second-quarter 2024 earnings report scheduled for March 20, Citi Research analysts raised their price target for the company to a new high among Wall Street firms. They adjusted the target from $95 to...

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