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Thursday, March 28, 2024
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Business

Robinhood Gains 3 percent on Credit Card Launch Plans

Robinhood Markets (NASDAQ:HOOD) stock rose more than 3% intra-day today as the company announced its plan to introduce a credit card for US consumers, named the "Robinhood Gold Card." This card, available exclusively to Robinhood Gold members, features no...

Bloom Energy’s Price Target Cut at Susquehanna

Susquehanna analysts adjusted their price target for Bloom Energy (NYSE:BE) to $16 from $18 but continued to recommend a Positive rating on the stock. The revision in estimates, mainly due to the timing of projects, precedes Bloom's Q1 earnings...

Nio Shares Drops 6 percent Following Slashed Q1 Delivery Outlook

NIO (NYSE:NIO) shares fell more than 6% intra-day today as the EV manufacturer cut its Q1 delivery outlook due to falling demand and strong pricing competition in China. The firm now anticipates delivering about 30,000 vehicles for the quarter,...

nCino Shares Jump 19 percent Following Q4 Earnings

nCino (NASDAQ:NCNO) shares surged more than 19% intra-day today following the release of Q4 earnings that surpassed expectations. The financial technology firm reported earnings per share of $0.21, exceeding the $0.12 forecast by analysts, though its revenue of $123.7...

Tesla’s Price Target Cut at Citi Ahead of Q1 Deliveries

Citi analysts revised Tesla’s (NASDAQ:TSLA) price target down to $196 from $224 while keeping their Neutral rating. The analysts adjusted forecasts in anticipation of Tesla's Q1 delivery announcement, reducing the delivery expectation to 429.9k units from 473.3k. The analysts...

H&M profit beats analysts expectations, share leap by over 14 percent, CWEB upgrades stock value

H&M posted significantly higher profits than analysts' expectations, and its share price popped by more than 15 percent on the London Stock Exchange Wednesday afternoon. The shares were trading at 178.68 SEK (Swedish krona) at 4.50 p.m. GMT on...

Virtu Financial Gains on Price Target Boost at Citi

Virtu Financial (NASDAQ:VIRT) shares rose more than 2% intra-day today after Citi analysts increased their price target for the company to $22.50 from $21, while maintaining a Buy rating. The analysts noted that the first quarter of 2024 has...

Valero Energy’s Price Target Raised at UBS

UBS analysts increased their price target for Valero Energy (NYSE:VLO) to $197 from $167, keeping a Buy rating. The analysts noted that Valero's stock has risen 259% since March 2020, outperforming the S&P Energy index and the broader S&P...

Krispy Kreme Stock Jumps 24 percent as McDonald’s Partnership Goes National

Krispy Kreme (NASDAQ:DNUT) shares jumped more than 24% intra-day today following an announcement of a partnership with McDonald's to distribute Krispy Kreme donuts in McDonald's U.S. restaurants by the end of 2026. The rollout is scheduled to start in...

Reddit Extends Gains, Reaching All-Time High

Reddit (NYSE:RDDT) shares rose more than 15% intra-day today, reaching a new all-time high. Following a strong 30% climb on Monday, the social media platform maintained its momentum among investors since its initial public offering (IPO) on the New...

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