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Downgrades

Fastly’s Near-Term Risks Include Challenges with Top Customers, Analyst Expresses Concern

May 2, 2024 author 0

B of A Securities analyst Tal Liani downgraded Fastly Inc (NYSE:FSLY) from Buy to Underperform and lowered the price target from $18 to $8. On Wednesday, Fastly reported quarterly sales of $133.52 million, up by 13.6% year-on-year, which marginally beat the analyst consensus estimate of $133.1 million. EPS loss of $(0.05) beat the analyst consensus estimate loss of $(0.06). The stock price plunged on […]

Earnings Miss

How Mastercard’s Q1 Results Compare With Rival Visa: 3 Analysts Provide Their Takes

May 2, 2024 author 0

Mastercard Inc (NYSE:MA) shares came under pressure in early trading on Thursday after the company reported its first-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways from the release. Goldman Sachs On Mastercard Analyst Will Nance maintained a Buy rating while reducing the price target from $534 to […]

Earnings Beat

Wall Street Inches Up After Powell’s Inflation Remarks; Chipmakers Rebound; Gold, Crude Falter: What’s Driving Markets Thursday?

May 2, 2024 author 0

U.S. stock markets surged during Thursday’s midday trading session in New York, with major averages all showing gains. Trader sentiment rebounded thanks to positive signals from corporate earnings and relief after Fed Chair Jerome Powell dismissed the possibility of a rate hike during Wednesday’s press conference. The S&P 500 inched 0.3% up at 12:30 p.m. […]

Earnings Beat

MGM Resorts Q1 Earnings and Revenues Beat Estimates

May 2, 2024 author 0

MGM Resorts (NYSE: MGM) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 23.33%. A quarter ago, it was expected […]

Earnings Miss

Norwegian Cruise Line Guidance ‘Falls Short Of High Expectations’: 4 Analysts Dive Into Q1 Earnings

May 2, 2024 author 0

Shares of Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) continued to sink in early trading on Thursday, after the company reported its first-quarter results. Here are some key analyst takeaways from the release. Goldman Sachs analyst Lizzie Dove maintained a Neutral rating and price target of $19. Bank of America Securities analyst Andrew Didora reaffirmed a […]

Earnings Miss

Etsy Is ‘Caught Between Maintaining Margins And Spurring Growth,’ 6 Analysts Dive Into Q1 Results

May 2, 2024 author 0

Shares of Etsy Inc (NASDAQ:ETSY) tanked in early trading on Thursday, after the company reported downbeat results for its first quarter. Here are some key analyst takeaways from the release. Goldman Sachs analyst Eric Sheridan maintained a Neutral rating, while reducing the price target from $80 to $70. Truist Securities analyst Youssef Squali reaffirmed a […]

Downgrades

Analyst Doubts Macerich’s New CEO Strategy, Can They Turn Things Around?

May 1, 2024 author 0

The Macerich Company (NYSE:MAC) shares traded lower on Wednesday after Piper Sandler analyst Alexander Goldfarb downgraded the stock from Neutral to Under Weight and lowered the price target from $17 to $11. On Tuesday, the company reported Q1 sales of $208.783 million, beating the consensus of $205.112 million and FFO of $0.33. The company welcomed Jackson Hsieh as […]

Upgrades

Seagate Poised for Growth with Rising HDD Demand and Advanced HAMR Technology: Analyst

May 1, 2024 author 0

Wedbush analyst Matt Bryson upgraded Seagate Technology Holdings Inc (NASDAQ:STX) from Neutral to Outperform with a $100 price target. The re-rating reflected an improving nearline Hard Disk Drive (HDD) demand environment that creates a likely upside to Bryson’s near-term expectations and his increased conviction that Heat Assisted Magnetic Recording (HAMR) is a “good” technology, with the ramp of HAMR only likely to […]

Upgrades

Dollar Tree ‘R.I.B.S. Framework’ Turns This Analyst Bullish

May 1, 2024 author 0

Dollar Tree Inc (NASDAQ:DLTR) shares were up by 1.6% to $120.11 at the time of publication on Wednesday, less than a week after the company reported disappointing quarterly results. The BBQ season is around the corner and fundamentals could accelerate into the back half of the year, according to KeyBanc Capital Markets. The Dollar Tree […]

Earnings Beat

Super Micro Computer Q3 Earnings Beat Estimates

May 1, 2024 author 0

Super Micro Computer (NASDAQ: SMCI) came out with quarterly earnings of $6.65 per share, beating the Zacks Consensus Estimate of $5.78 per share. This compares to earnings of $1.63 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 15.05%. A quarter ago, it was […]

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