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Analysts’ Varied Perspectives On CytomX’s CX-904 Cancer Study: Safety Profile But Caution in Pancreatic Cancer

May 9, 2024 author

Wednesday, CytomX Therapeutics Inc (NASDAQ:CTMX) released initial data from the ongoing CX-904 Phase 1a dose escalation clinical study, demonstrating a favorable safety profile and confirmed anti-cancer activity. As of April 16, 2024, data cutoff, the Phase 1 study enrolled 35 heavily pretreated patients with advanced metastatic solid tumor types. CX-904 demonstrated a favorable safety profile, supporting administration and […]

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SiTime Stock Skyrockets 30% After Analyst Upgrade

May 9, 2024 author

SiTime Corp (NASDAQ:SITM) shares are trading higher after Needham analyst Quinn Bolton upgraded the stock rating from Hold to Buy with a $130 price target. SiTime posted revenue of $33.0 million, down 13.9% year over year, but above Bolton’s estimate and the Street’s $32 million estimate, due to downward trends in customer inventories that resulted in a pickup in order activity. Only […]

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EVgo’s Q1 Performance Sparks Optimism, Analyst Upgrades Stock

May 9, 2024 author

Cantor Fitzgerald analyst Andres Sheppard upgraded the shares of EVgo Inc (NASDAQ:EVGO) from Neutral to Overweight and lowered the price target from $5 to $4. EVGO reported a first-quarter FY24 sales jump of 118.2% year-on-year to $55.16 million, beating the analyst consensus estimate of $52.389 million. EPS of $(0.09) beat the analyst consensus estimate of $(0.14). EVgo also announced that Olga […]

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Affirm Holdings Selloff Is ‘Baffling’: Analysts Dive Into Financial Results

May 9, 2024 author

Shares of Affirm Holdings Inc (NASDAQ:AFRM) were climbing in early trading on Thursday, after dropping more than 9% on Wednesday, after the company reported its fiscal third-quarter results. The results came amid an exciting earnings season. Here are some key analyst takeaways. JPMorgan On Affirm Holdings Analyst Reginald Smith upgraded the rating from Neutral to […]

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Shopify Profitability Remains A Concern, 5 Analysts Offer Commentary On Q1 Earnings

May 9, 2024 author

Shares of Shopify Inc (NYSE:SHOP) tanked 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. JMP Securities analyst Andrew Boone upgraded the rating from Market Perform to Market Outperform, while establishing a price target of $80. Piper Sandler […]

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Orthopedic Devices Maker Treace Medical Concepts’ Gloomy Forecast Cast Concerns Over Long-Term Viability

May 8, 2024 author

Orthopedic medical device company Treace Medical Concepts Inc (NASDAQ:TMCI) on Tuesday reported a first-quarter EPS loss of $(0.30), down from $(0.23) a year ago, better than the consensus of $(0.31). The company reported sales of $51.11 million, up 21%, beating the consensus of $49.1 million. The increase was driven by a higher volume of procedure kits sold due to an […]

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ZoomInfo Technologies Stock Dives On Heels Of Q1 Earnings: ‘Investors Need To Carefully Monitor The Macro’

May 8, 2024 author

Shares of ZoomInfo Technologies Inc (NASDAQ:ZI) continued to tank on Wednesday, after having lost more than 21% in the premarket session. The company reported results amid an exciting earnings season. Here are some key analyst takeaways. Goldman Sachs analyst Kash Rangan downgraded the rating from Neutral to sell, while cutting the price target from $19.50 […]

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What’s Going On With Micron Tech Stock On Monday?

May 6, 2024 author

Micron Technology Inc (NASDAQ:MU) shares are trading higher after Baird analyst Tristan Gerra upgraded the stock from Neutral to Outperform and raised its price target from $115 to $150. Citi analyst Christopher Danely remains bullish on the U.S. semiconductor sector. His top pick remains Micron Technology, Inc (NASDAQ:MU) with other Buy-rated names, including Advanced Micro Devices, Inc (NASDAQ:AMD), Broadcom Inc (NASDAQ:AVGO), Analog Devices, Inc (NASDAQ:ADI), Microchip Technology Inc (NASDAQ:MCHP), and ON […]

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Why Sprout Social Shares Got Crushed Friday

May 3, 2024 author

Cloud software company Sprout Social (NASDAQ:SPT) saw shared fell 40% Friday after reporting first-quarter financial results Thursday. What Happened: Sprout Social reported first-quarter revenue of $96.87 million, which missed a Street consensus estimate of $97.31 million, according to data from Benzinga Pro. The company’s earnings per share of 10 cents beat a Street consensus estimate […]

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Expedia Faces Challenges: Analysts Concerned About Vrbo’s Slow Start and B2C Growth

May 3, 2024 author

Benchmark analyst Daniel Kurnos reiterated Expedia Group (NASDAQ:EXPE) with a Buy and a $180 price target. Expedia reported first-quarter sales of $2.89 billion, up by 8.4% year-on-year, beating the analyst consensus estimate of $2.81 billion. EPS loss of $(0.21) beat the analyst consensus estimate of loss of $(0.24). Kurnos noted that Expedia didn’t benefit from having a better gross bookings outlook for the year compared to Booking […]

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