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Search resuls for: "Koji Ikeda"


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Dollar Tree — Shares of the discount retail chain popped 1% following an upgrade to overweight from neutral at JPMorgan. SoFi Technologies — Shares of the financial services provider surged 21% after the company reported its fourth-quarter financial results. ZoomInfo Technologies — Shares jumped more than 6% after Bank of America upgraded shares to buy from neutral on revenue growth acceleration. The firm cited tailwinds including improving market share and volume trends, as well as an attractive valuation and strong top-line growth. Flywire — Shares of the fintech company gained 3.75% after being upgraded by Morgan Stanley to overweight from equal weight.
Persons: McGrath RentCorp, McGrath, SoFi, iRobot, Koji Ikeda, Wells, Flywire, Morgan Stanley, Beam, , Samantha Subin, Yun Li, Michelle Fox, Alex Harring, Lisa Kailai Han, Sarah Min, Pia Singh, Tanaya Macheel Organizations: WillScot Mobile, JPMorgan, Wall, Amazon, Bain Capital, Western Digital, Kioxia Holdings, Bloom Energy, Bank of America, ZoomInfo, Hershey —, AllianceBernstein, Warner Bros, , Beam Locations: Japan, AATD
American Airlines — The airline stock added 1.5% following an upgrade to buy from neutral at Citi. "North America's network carriers' diversified revenue streams and solid demand for premium cabin offerings appear to provide them with superior positioning in this post-pandemic environment," wrote analyst Stephen Trent. Builders FirstSource — The building materials manufacturer edged 2% higher following an upgrade to buy from neutral at Bank of America. ZoomInfo Technologies — The software stock popped 5.5% after Bank of America analyst Koji Ikeda upgraded it to buy from neutral. "We believe it is a classic self-help story that is set to outperform," the analyst wrote, underscoring the company's revenue growth reacceleration and new AI products as potential catalysts.
Persons: Stephen Trent, Flywire, Morgan Stanley, Omar Nokta, Hershey, Wells, Steven Cahall, , Cowen, Rafe Jadrosich, Julien Dumoulin, Smith, FactSet, Koji Ikeda, McGrath RentCorp — McGrath RentCorp, CNBC's Michelle Fox, Alexander Harring, Sarah Min, Jesse Pound Organizations: JPMorgan, American Airlines —, Citi, Zim Integrated Shipping Services —, Jefferies, Warner Bros, Bank of America, Bloom Energy, Koninklijke Philips —, Food and Drug Administration, Technologies, WillScot Mobile Locations: Albemarle, Netherlands
Elastic looks well-situated to capitalize on the generative AI craze overtaking Wall Street, according to Bank of America. On the heels of strong fiscal first-quarter print Thursday, analyst Koji Ikeda reiterated his buy rating and $78 price target on the software maker, citing growing AI monetization opportunities. Elastic's stock is up more 20% this year, with Bank of America's price target implying 26% upside from Thursday's close. The stock popped nearly 16% before the bell after topping fiscal first-quarter results, reporting 24% year-over-year cloud revenue growth. He expects an acceleration in the company's revenue growth trajectory in the second half of the 2024 fiscal year.
Persons: Koji Ikeda, — CNBC's Michael Bloom Organizations: Bank of America, Bank of
[1/2] GitLab Inc logo and words 'Artificial Intelligence' are seen in this illustration taken June 6, 2023. REUTERS/Dado Ruvic/IllustrationNEW YORK, June 6 (Reuters) - Shares of GitLab Inc (GTLB.O) jumped more than 35% on Tuesday after the software development platform announced plans to launch a revenue-boosting artificial intelligence (AI)-powered product. The product is expected to be launched this year at $9 per month, GitLab said late Monday. GitLab said on Monday its first-quarter revenue jumped 45% to $126.9 million, beating the Refinitiv consensus estimate and the company's earlier forecasts. Eighteen analysts on average recommended buying GitLab shares, and set a median price target of $53.50, according to Refinitiv.
Persons: Dado Ruvic, GitLab, Koji Ikeda, Chibuike Oguh, Lance Tupper, Richard Chang Organizations: Intelligence, REUTERS, GitLab Inc, " Bank of America, Thomson Locations: New York
Software stock Alteryx could see big gains due to burgeoning artificial intelligence demand, according to Bank of America. The bank upgraded shares of Alteryx to buy from neutral Thursday and raised its price target to $70 from $60. The new target implies upside of 80% from Wednesday's close. The company focuses on data analytics for employers, and BofA sees promise in the company's cloud segment and potential for AI application through its generative AI product. AYX YTD mountain Shares of Alteryx are down more than 23% from the start of the year.
Persons: BofA, Koji Ikeda, Koji, — CNBC's Michael Bloom Organizations: Bank of America Locations: Alteryx, Wednesday's
Analysts at Bank of America named a slew of companies this week that they believe are winning market share in this tough economic environment and so the stocks have more room to run. They include: Analog Devices , TJX Companies, Zeta Global , Costco and Union Pacific. TJX Companies The discount retailer has room to grow, especially as shoppers look to save money by trading down, according to analyst Lorraine Hutchinson. We value ADI at the higher end of peer comps due to ADI's growth potential and free cash flow generation." as we view TJX as a market share gainer that is well positioned to benefit from trade-down and the high level of inventory availability.
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