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Search resuls for: "Jake Fuller"


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Arm surged on its first day on Wall Street and has fallen every day since then. That followed a Bernstein "underperform" rating with a $46 price target earlier this week, and a "hold" assigned to Arm by Needham and Company on Sept. 16. Neutral and negative stock ratings are much less common on Wall Street than "buy" recommendations or other positive ratings. Still, the marketing automation firm's stock remains above the $30 IPO price. The declines in Arm, Instacart and Klaviyo on Friday were in contrast to a 0.3% gain in the Nasdaq (.IXIC).
Persons: Dado Ruvic, Jake Fuller, Instacart, Bernstein, Klaviyo, Noel Randewich, Lance Tupper, Kirsten Donovan Organizations: REUTERS, Arm Holdings, Uber Technologies, Susquehanna, Needham, Company, Nasdaq, Thomson Locations: Klaviyo
It has been a good summer for the S & P 500 , even when accounting for the August slump. This summer has brought another quarterly earnings season , one interest rate hike and one skip , plus some renewed banking fears. Shares have given up some of the summer gains in August, putting the stock on trend with the broader market's move. Slightly less than one out of every two analysts rate the stock a buy. About three-fifths of analysts rate the stock a buy, with the average price target implying shares could rise more than 6% over the next year.
Persons: FactSet, John Staszak, Jake Fuller, Fuller, — CNBC's Michael Bloom, Fred Imbert Organizations: CNBC Pro, Argus Research, CCL, Labor, Petroleum Locations: FactSet
REUTERS/Mike Blake/File PhotoAug 9 (Reuters) - Lyft's shares tumbled more than 7% on Wednesday as investors feared the ride-hailing platform's focus on competitive pricing to gain market share would muddy its path to profitability. Lyft (LYFT.O) said on Tuesday it expects an operating profit of $75 million to $85 million for the third quarter. At least seven analysts cut their price targets on Lyft's shares and more than nine downgraded the stock, while two upgraded it. Median target price for the stock is $11, according to Refinitiv data. Lyft's stock suffers as post-pandemic recovery faltersReporting by Akash Sriram in Bengaluru; Editing by Saumyadeb Chakrabarty and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
Persons: Uber, Mike Blake, Jake Fuller, Morningstar, Ali Mogharabi, Dara Khosrowshahi, Akash Sriram, Saumyadeb Chakrabarty, Shounak Organizations: Los Angeles International, REUTERS, Reuters Graphics Reuters, Thomson Locations: California, Los Angeles , California, U.S, North America, Bengaluru
Match Group shares are set to pop as Tinder recovers, according to BTIG. "Tinder hit a wall last year," with growth slowing into 2023, analyst Jake Fuller said. "MTCH pointed to execution issues and lack of product innovation, which led to a revamping of the Tinder team. Management's current-quarter guidance also came above analyst estimates. The analyst noted that Tinder is showing an improving trend in its daily new users numbers and reactivation trend.
Persons: Tinder, Jake Fuller, Fuller, Management's, — CNBC's Michael Bloom
China is reopening and investors are ready for it. After a bruising 2022, hedge funds have been adding positions in Chinese stocks. Carter points out that even with China's outperformance this year, the MSCI China ETF is trading at 12 times earnings versus a Nasdaq valuation of 22 times earnings. HBSC analysts are recommending Yum China , saying the company is set to benefit from restaurants reopening. With the Lunar New Year underway, travel analyst Jake Fuller at BTIG raised his estimates on Booking Holdings for the first quarter citing "strong trends so far in January" and "China's reopening."
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