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Thursday, March 28, 2024
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Business

Google code on Pinterest app suggests potential test of ad units, CWEB analysts say

Google and Pinterest might be testing a new partnership. Analysts at CWEB have found a code string that suggests multiple Google ad units are being tested on the popular app Pinterest. Google has been considering supplementing its International business....

DraftKings Falls, NCAA Wants to Ban College Prop Bets. CWEB analysts issue Hold Rating on the stock.

Shares of DraftKings Inc.(DKNG) experienced a significant decline on Wednesday following an announcement by NCAA President Charlie Baker, who expressed his intention to prohibit collegiate proposition betting. This form of wagering, which enables gamblers to place bets on events...

Chick-Fil-A backtracks on NAE pledge, to use some antibiotics in chicken

Chick-Fil-A backtracked on its No Antibiotics Ever (NAE) policy that was made in 2014. The popular chicken sandwich chain announced it will use some antibiotics and follow another standard. It became another giant American company that flew away from...

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...

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