US Stock News
BNY Mellon Stock Earns Buy Rating with Raised Target
Bank of New York Mellon's stock price (NYSE: BK) has shed 0.72% today, fresh off highs as BofA Securities increased the financial giant's price target from $90 to $95, reaffirming a Buy rating on the shares. This bullish sent
Commvault (CVLT) Gains New Bullish Coverage as KeyBanc Sets Overweight Rating on Stock
KeyBanc have recently initiated coverage on Commvault Systems' stock (NASDAQ: CVLT), marking the firm with an Overweight rating and an encouraging price target of $192. Th
Evolent Health Stock Price (NYSE: EVH) Hit 52 Week Lows as Guidance Falls Short
Evolent Health's stock (NYSE: EVH) saw a stark decline in trading yesterday, ending the day down 10.82% at $9.97. Having earlier hit new 52 week lows at $9.93, the last 12 months have seen the bears firmly in charge with a de
TSMC Delivers Earnings Beat, Stock (NYSE: TSM) Moving Up
Taiwan Semiconductor Manufacturing's stock (NYSE: TSM) looks set for a bullish start to the day, as the world's leading semiconductor foundry, beat earnings expectations on top and bottom lines. EPS came in at NT$2.24 against
JPMorgan Beat’s Top and Bottom Lines in Q4 2024
JPMorgan Chase & Co (NYSE: JPM) released its fourth quarter financial results for 2024 today and beat on both top and bottom lines. Analysts were anticipating notable changes in both the company's earnings per share and r
Certara Surpasses Revenue Expectations in Q4
Certara's stock (NASDAQ: CERT) is up more than 5% on the day, as the firm reported preliminary fourth-quarter revenues that have exceeded market estimations. The reported
Intel to Spin-off Venture Capital Arm in Strategic Overhaul
Intel Corporation (NASDAQ: INTC) has announced its decision to spin-off its venture capital unit, Intel Capital, as the company seeks to streamline operations and reduce costs. This move comes amidst efforts to re-establish I
Leerink Reaffirms Confidence in Eli Lilly Despite Slow Mounjaro and Zepbound Sales
Eli Lilly has adjusted its revenue projections for the fourth quarter of 2024, revising the expected revenue to $13.5 billion. This figure is $400 million less than the company initially projected, a change largely attributed
PSP Investments Reduces Stake in D-Wave Stock (QBTS) as Analyst Doubles Price Target
The Public Sector Pension Investment Board (PSP Investments) has recently sold a substantial portion of its D-Wave Systems stock (NYSE: QBTS), signalling a strategic approach to the volatility being seen in the stock market.
Apple’s Stock in Correction Territory as iPhone Shipments Fall in Q4 2024
In the fourth quarter of 2024, Apple Inc. (NASDAQ: AAPL) experienced a decline in its global iPhone shipments. This decline is primarily attributed to weak demand and sales in China, according to data from the International D
Citi Boosts MasterCard Price Target (NYSE: MA) to $584 Amid FinTech Upswing
In a recent analyst adjustment, Citi has raised the price target on MasterCard Incorporated (NYSE: MA) to $584, up from the previous target of $572, while maintaining a "Buy" rating for the stock. This revision accompanies a
KB Home Stock (NYSE: KBH) Gains Boosted $95 Price Target as Earnings Beat
Evercore ISI has upgraded their price target for KB Home's stock (NYSE: KBH), a notable player in the residential construction sector, from $88 to $95, while retaining an Outperform rating on the shares. This updated target c
Tradeweb Markets’ Stock Raised By Analysts
Tradeweb Markets' stock (NASDAQ: TW) is trading up 1.61% today, moving back into the green on the year at $131.94. In recent days, the stock has seen a small raise from Barclays analyst Benjamin Budish, increasing the firm's
Southwest Gas Stock (NYSE: SWX) Initiated With $73 Price Target at Jefferies
Southwest Gas Holdings, Inc. (NYSE: SWX), a key player in the utilities sector, has been started with a Hold rating by the investment firm Jefferies, who also set a price target of $73 on the company's stock. This target sugg
Robinhood to Pay $45M Fine Following SEC Allegations
Robinhood Markets' (NASDAQ: HOOD) two key broker-dealer units, Robinhood Securities LLC and Robinhood Financial LLC, have consented to pay $45 million in penalties. This payment comes as a settlement to address allegations po
Lululemon’s Price Target (NASDAQ: LULU) Increased at BofA
Bank of America has lifted its price target for the athletic apparel retailer Lululemon Athletica's stock to $480, up from the previous $420, while keeping a Buy rating on the shares. Following a successful holiday performanc
Nvidia Expands AI Operations with New Headquarters in Taipei
Nvidia Corporation (NASDAQ: NVDA) is bolstering its presence in the artif
US Indices Red on Year, Barclays Foresees Single Fed Rate Cut
In December, labour market data showed a strong performance with nonfarm payrolls increasing by 256,000, significantly surpassing the consensus estimate of 165,000. The unemployment rate also saw a decline to 4.1%, supported
Apple Increases CEO Tim Cook’s Salary by 18% for 2024
Apple Inc. (NASDAQ: AAPL) has decided to increase CEO Tim Cook's compensation by 18% for the year 2024, bringing his total pay to $74.6 million, up from $63.2 million the previous year. This decision highlights the company's
Snowflake’s (NYSE: SNOW) Price Target Raised to $200
Oppenheimer has raised its price target on Snowflake 's stock (NYSE: SNOW) to $200 from $180, underscoring the firm's confidence in the software company's prospects. Snowflake retains an Outperform rating from the analyst fir
Microvast Stock Starts Week Red After New 52-Week High
Microvast Holdings stock (NASDAQ:MVST) has begun this week red in the pre-market, down 5.53% at $2.22, having hit a new 52-week high at $2.87 on Friday. This surge reflects growing investor confidence, driven by various facto
Joby Aviation Stock Red Pre-Market as Analysts’ Sentiment Shifts
Joby Aviation stock (NYSE: JOBY) is trading down 3.2% in this morning's pre-market, having ended the last week with a 7.9% drop, and a downgrade to boot. The firm, pioneering the electric vertical takeoff and landing (eVTOL)
Europe’s Largest Pension Fund Sells Tesla Holdings
Europe's largest pension fund, Stichting Pensioenfonds ABP, has divested its entire stake in Tesla Inc., which was valued at €571 million ($585 million). This significant move occurred during the third quarter, following disa