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☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Coinbase, Sony, Oracle, FedEx, Nike, Carvana & more
▼ + stars: | 2024-03-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

"We initiate coverage on Regeneron with an Outperform rating and $1,125 price target." Canaccord reiterates MicroStrategy as buy Canaccord raised its price target on the crypto company to $1,810 per share from $975. "We are initiating coverage of The New York Times with a Buy rating and a $52 target price. "DG – Upgrading to Neutral Raising Price Target to $158." "We are initiating coverage of Central Garden & Pet ( CENT) with a BUY rating and $52 price target."

Persons: Bernstein, Morgan Stanley, Tesla, it's, optionality, Canaccord, Goldman Sachs, PDD, Goldman, Jefferies, underperform Jefferies, Raymond James, underperform Raymond James, Argus, Evercore, William Blair, Goldman Sacks Organizations: Citi, New York Times, Nike, JPMorgan, RBC, Bank of America, Apple, Oracle, Central, FedEx, Macquarie, Sony Locations: China

As well as celebrating the year in movies, the annual extravaganza has long been the red carpet event of the year. Kevin Mazur/Getty ImagesTeo Yoo. Alberto Rodriguez/Variety/Getty ImagesJamie Lee Curtis looked elegant in a flowing black gown by Dolce & Gabbana. Kevin Mazur/Getty ImagesLeah Lewis, star of Best Animated Feature “Elemental,” looked dreamy in a layered Lever Couture gown featuring a whimsical train. Marleen Moise/Getty ImagesTaylor Zakhar Perez popped on the red carpet with a blue Prada suit styled by leading celebrity stylist Jason Bolden.

Persons: Margot Robbie who’s, “ Barbie ”, Colman Domingo, America Ferrera, Billie Eilish, Zendaya, Danielle Brooks, Mike Coppola, Andrea Riseborough, Loewe, Alberto Rodriguez, Ferrera, Richard Shotwell, Steinfeld, Elie, Sarah Meyssonnier, Huy Quan, Giorgio Armani, Jordan Strauss, Kirsten Dunst, Jesse Plemons Jordan Strauss, Louis, David Yurman, Laverne Cox, David Swanson, Issa Rae, Mark Ronson, Grace Gummer, Kevin Mazur, Teo Yoo, Barbie, Simu Liu, Sean Lennon, Kemp Muhl, Gilbert Flores, Sandra Hüller, Cartier, Justine Triet Jordan Strauss, AP Gabrielle Union, Dwyane Wade Kevin Mazur, Ludwig Göransson Kevin Mazur, Masaki Takahashi, Takashi Yamazaki, Kiyoko, Christina, Eva Longoria’s, Tamara Ralph, Rita Moreno, Reuters D'Pharaoh Woon, Chasinghorse, Jamie Lee Curtis, Omar Rudberg, Sarah Morris, WireImage, Sean Wang, Chang Li Hua, Sam Davis, Yi Yan Fuei, Chang, Yi, Leah Lewis, Gregg DeGuire, Dominic Sessa, Tom Ford, Celine Song, Reuters Marlee Matlin, Oscar, dazzled, Raymond, Marleen Moise, Ramakrishnan, Zuhair Murad, Getty, Taylor Zakhar Perez, Jason Bolden, Erika Alexander Organizations: CNN, Dolby Theatre, Hollywood’s, America, Dolce, Gabbana, Elie Saab, Louis Vuitton, Getty, AMI Paris, Variety, AP, Los Angeles Times, Reuters Locations: AFP

☆ California is putting up minimum wages to $20 an hour for fast-food chains – and it's likely going to drive up wages in other industries, too
▼ + stars: | 2024-03-09 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Read previewCalifornia is raising the minimum wage for fast-food workers to $20 an hour – and a much wider group of employees could see bigger paychecks. If limited-service restaurants raise their wages, "everybody is going to have to adopt because it's a free market," Danilo Gargiulo, a Bernstein analyst, said. Fast-food and fast-casual chains have already said they plan to raise their menu prices in California to offset the higher wages. The Cheesecake Factory's CFO Matt Clark told investors in November that the minimum wage could have a "ripple effect" beyond just limited-service restaurants. He added that the legislation would cause the price gap between limited- and full-service restaurants to narrow.

Persons: —, Brian Vaccaro, Raymond James, It'll, Andy Barish, Danilo Gargiulo, Bernstein, Matt Clark, Clark, Vaccaro, Sharon Zackfia, William Blair, Greg Levin, we've, Levin, they're, Zackfia Organizations: Service, Business, Jefferies, US Bureau of Labor Statistics Locations: California, pretzels . California

☆ ‘Exogenous shocks’ remain a real threat to the IPO market, Raymond James says
▼ + stars: | 2024-03-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email‘Exogenous shocks’ remain a real threat to the IPO market, Raymond James saysSunaina Sinha Haldea, global head of private capital advisory at Raymond James, says returning confidence in the IPO market could be undermined by external surprises, such as geopolitical events or still restrictive monetary policy.

Persons: Raymond James, Sunaina Sinha Haldea

☆ Election trading playbook: Watch these stocks as Trump secures Republican nomination
▼ + stars: | 2024-03-07 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Despite Trump facing legal issues on multiple fronts, including a federal indictment that alleges he illegally conspired to discount votes in the 2020 election, he appears to be cruising to the Republican nomination once again. Raymond James was listed by Goldman and in Barclays' Trump stock basket, according to the Jan. 30 note. A Trump term could benefit energy giants such as Chevron , but also smaller players such as Devon Energy or coal companies such as Peabody Energy , according to Goldman. Another group of industrial companies could get a piece of government spending from expansion of the Mexico border wall under a second Trump administration. Caterpillar was one of the companies involved previously, according to Goldman.

Persons: Donald Trump, Nikki Haley, Trump, Goldman Sachs, Jan Hatzius, Venu Krishna, Goldman, Wells, Piper Sandler, Raymond James Organizations: Trump, Republican, Barclays, Federal Trade Commission, Boston, Vertex Pharmaceuticals, Energy, Republicans, Chevron, Devon Energy, Peabody Energy, Steel Dynamics, Broadcom, Caterpillar Locations: China, Cleveland, Mexico

☆ Premarket stocks: What ‘Super Tuesday’ means for your portfolio
▼ + stars: | 2024-03-05 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Welcome to “Super Tuesday.” Today, a whopping 16 states and territories hold primary elections. But stock market analysts say not to fret and to hold tight. Based on annualized returns for the S&P 500, stocks gained an average 13.75% during Trump’s presidency. Election year math: History shows that stocks typically gain during the fourth year of presidential terms. The S&P 500 has gained 6.2% on average during the fourth year of presidential terms since 1932, according to Yardeni Research.

Persons: ’, Edward Jones, Donald Trump, Joe Biden, Angelo Kourkafas, ” Kourkafas, Raymond James, Trump, Obama, ”, Simon Hamilton, Barack Obama, “ That’s, it’s, Hamilton, Goldman Sachs, Allison Morrow, Bitcoin, —, Simone McCarthy, Premier Li Qiang, Hong Organizations: CNN Business, Bell, New York CNN, ”, Markets, White House, Congress, CNN, Republicans, Republican, “, Research, Dow Jones, University of Cincinnati, University of Missouri, Securities and Exchange, Bloomberg, Premier, National People’s Congress Locations: New York, Washington, Hamilton, United States, China, Beijing

☆ The rally is over for Nasdaq stocks such as Netflix and AMD, according to Wall Street analysts
▼ + stars: | 2024-03-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

It may be downhill from here for some high-flying stocks in the Nasdaq. But for some stocks in the Nasdaq, their ascent may soon come to an end. One name on the list was streaming platform service Netflix , which is up 96% in the past year. The stock has rallied roughly 150% this past year, but could potentially fall 7%, according to average analyst estimates. Big-box retailer Costco also made the list, with analysts' price targets suggesting shares could slide 5%.

Persons: David Joyce, Raymond James, Gus Richard, —, John Melloy Organizations: Nasdaq, Federal Reserve, CNBC, Stock, Netflix, Seaport Research Partners, Devices, Northland Capital Markets, Costco Locations: Northland

☆ Wall Street is worried about NYCB's loan losses and deposit levels as stock sinks below $4
▼ + stars: | 2024-03-01 | by ( Hugh Son | ) www.cnbc.com time to read: +3 min

Mike Segar | ReutersRegional lender New York Community Bank finds itself in an apparently worsening predicament just as the anniversary of last year's banking turmoil nears. "The disclosures add to our concern about NYCB's interest-only multi-family portfolio, which may require a long workout period unless interest rates decline." Days later, ratings agency Moody's cut the bank's credit ratings two notches to junk on concerns over the bank's risk management capabilities after the departure of NYCB's chief risk officer and chief audit executive. The bank's stock was briefly buoyed by a flurry of insider purchases indicating executives' confidence in the bank. Most of those deposits were insured, and it had ample resources to tap if uninsured deposits left the bank, it said.

Persons: Mike Segar, NYCB, Raymond James, Steve Moss, Moody's, Alessandro DiNello, DiNello, D.A, Davidson, Peter Winter Organizations: New York Community Bank, Reuters Regional, New, Community Bank, Silicon Valley Bank, Signature Bank Locations: Yonkers , New York, U.S, NYCB

☆ Here are Thursday's biggest analyst calls: Tesla, Apple, Microsoft, Delta, Disney, Snowflake, Okta, Salesforce & more
▼ + stars: | 2024-02-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Goldman Sachs reiterates Salesforce as buy Goldman said it's standing by its buy rating following the company's robust earnings report on Wednesday. "Multiple high-profile catalysts should double revs by FY28 & support an Outperform rating with a $54 PT." "We initiate coverage of Gates Industrial (GTES) with a Buy rating and $21 price target. The more aggressive stance follows a near week long sell-off in COLD shares following 4Q results and initial 2024 guidance." Goldman Sachs reiterates Microsoft as buy Goldman said it's standing by its buy rating after a meeting with Microsoft investor relations.

Persons: Jefferies, Roth, Roth MKM, Morgan Stanley downgrades Snowflake, Morgan Stanley, Goldman Sachs, Salesforce, Goldman, it's, TD Cowen downgrades Macy's, Telsey, TD Cowen, Wells, Needham, " Jefferies, Tesla, Coupang, Baird, Cantor Fitzgerald, Cantor, Gates, Piper Sandler, Piper, Raymond James, William Blair, Gordon Haskett downgrades, Haskett, Frank Slootman's Organizations: Jefferies, Barrick Gold, NEM, UBS, Apple, Mar, Bitdeer Technologies, BTC, Citi, United Airlines, Delta, Delta Air Lines Inc, DAL, Deere & Company, American Airlines Citi, Catalyst Watch, Reliance, Star India, JV, UBS downgrades Republic Services, Downside, RBC, Xenia Hotels, Resorts, Deutsche Bank, Deutsche, Products, Gates, NTR, LXU, UW, Bank of America, underperform Bank of America, Realty Trust, Fidelity, Korn, Microsoft, Macquarie Locations: U.S, China, American's, DIS's, Xenia, Federal, Korea

☆ Here are Wednesday's biggest analyst calls: Apple, Nvidia, Salesforce, Dell, Microsoft, Snap, McDonald's & more
▼ + stars: | 2024-02-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's standing by Apple amid reports the company canceled its car project. Barclays reiterates Microsoft as overweight Barclays says investments made in advertising is a "$50 billion opportunity" for Microsoft. Goldman Sachs reiterates Salesforce as buy Goldman said it sees "upside" heading into Salesforce earnings Wednesday afternoon. Barclays initiates Weatherford as overweight Barclays says the oil services company is a "reborn industry player." Barclays upgrades Ecolab as overweight from equal weight Barclays says it has "strong visibility" for the food safety company.

Persons: Smucker, Stifel, DELL, Morgan Stanley, Apple, it's, NVDA, Goldman Sachs, Goldman, FSLR, Salesforce, Raymond James, Bernstein, Stellantis, Cantor Fitzgerald, Cantor, KBW, it's bullish, Guggenheim, McDonald's, Craig, Hallum Organizations: Apple, Barclays, Microsoft, U.S, " Bank of America, Nvidia, Bank of America, Constellation Energy, JPMorgan, Apollo, JMP, Weatherford, Bright, Holdings Locations: J.M, CY2026, Europe, UK, China, India, CEG

☆ 'You can't unscramble that egg,' top healthcare analyst reacts to DOJ's UnitedHealth antitrust probe
▼ + stars: | 2024-02-28 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'You can't unscramble that egg,' top healthcare analyst reacts to DOJ's UnitedHealth antitrust probeJon Ransom, Raymond James, joins 'Fast Money' to talk UnitedHealth's DOJ woes, the state of the healthcare sector, weight-loss drugs and more.

Persons: Jon Ransom, Raymond James

Loop Capital initiated Dell Technologies with a buy rating and a price target that implies more than 35% upside. Analyst Stephen Grambling hiked his price target by $9 to $49, while keeping his rating at overweight. Salesforce has popped nearly 14% in 2024, extending gains after the stock price came close to doubling in 2023 alone. Roseka's price target of $27.10 shows the potential for just 3.6% in upside compared with Tuesday's ending price. Analyst Ananda Baruah initiated coverage of the technology stock with a buy rating and a $125 price target.

Persons: Stifel, Smucker, Raymond James, Rick Patel, Patel, — Alex Harring, Kenneth Worthington, Worthington, Alex Harring, Morgan Stanley, Stephen Grambling, DKNG's, Grambling, DraftKings, Jackpocket, Morgan, Wednesday's premarket, Goldman, Goldman Sachs, Kash Rangan, Rangan, Bernstein, Daniel Roeska, Stellantis, Roseka, KeyBanc, Sophie Karp, CEG, Karp, Matthew Smith, Smith, Fred Imbert, Dell, Ananda Baruah, DELL, Baruah Organizations: CNBC, Dell Technologies, FactSet, Apollo Global Management, JPMorgan, APO, Grambling, Constellation Energy, Constellation, Dell, Capital, DELL Locations: Tuesday's, Wednesday's premarket, Grambling, Wednesday's, Salesforce, Netherlands, U.S, Europe

☆ Partial government shutdown looms: Here's what you need to know
▼ + stars: | 2024-02-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPartial government shutdown looms: Here's what you need to knowEd Mills, Raymond James Washington policy analyst, joins 'The Exchange' to discuss the likelihood of a partial government shutdown, what implications a partial shutdown can have, and more.

Persons: Ed Mills, Raymond James Washington

☆ Stocks making the biggest moves premarket: Block, Live Nation, Carvana, Booking Holdings & more
▼ + stars: | 2024-02-23 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Live Nation Entertainment — Shares of the entertainment platform popped nearly 5% following a fourth-quarter revenue beat. On the other hand, however, the company reported fourth-quarter earnings and revenue figures that surprised to the upside. Carvana — Shares of the used car marketplace surged 33% in premarket trading after the struggling company posted its first-ever annual profit. Quarterly profit and revenue results were weaker than analysts expected, although the company reported strong fourth-quarter earnings than analysts anticipated. Penumbra — The medical device maker fell more than 7% on the back of mixed fourth-quarter results and lackluster full-year guidance.

Persons: LSEG, overshadowing, Insulet, Carvana, William Blair, Raymond James, MercadoLibre, Jason Bazinet, Penumbra, DraftKings, — CNBC's Michelle Fox, Hakyung Kim, Tanaya Macheel, Sarah Min, Jesse Pound, Samantha Subin Organizations: Intuit, Revenue, Holdings, FactSet, UBS, Fox, Citi, ESPN, Warner Bros, JV, JPMorgan, Barclays, Discovery

☆ Carvana stock surges on first annual profit, pair of analyst upgrades
▼ + stars: | 2024-02-23 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +2 min

Vehicles are seen on a display at a Carvana dealership on February 20, 2023 in Austin, Texas. The used-car retailer has been trimming inventory and expenses as it rebounds from the fall-off from a pandemic peak. Its total gross profit per unit more than doubled to $5,283, up from $2,219 in the year-ago period, according to the quarterly report. Analysts at Raymond James upgraded their rating on the stock to "market perform" on Friday, highlighting the encouraging GPU trends. Garcia said on CNBC that Carvana, with its 1% market share, is still focused on its current inventory despite the last year's growth and profit.

Persons: Covid, Carvana, Raymond James, William Blair, Garcia, we've, we're Organizations: CNBC Locations: Austin , Texas

☆ Here are Friday's biggest analyst calls: Rivian, DraftKings, Nio, Fox, Carvana, Pfizer and more
▼ + stars: | 2024-02-23 | by ( Alex Harring | ) www.cnbc.com time to read: +9 min

Here are Friday's biggest calls on Wall Street: UBS double-downgrades Rivian The firm said to sell the electric vehicle maker's stock, joining a growing group of concerned analysts following the company's earnings report. Raymond James upgrades Carvana The investment bank moved Carvana to market perform from underperform following the fourth-quarter earnings results. Guggenheim initiates Pfizer The firm opened coverage of the biopharmaceutical stock with a buy rating and $36 price target. " Rosenblatt initiates Adeia The firm began coverage with a buy rating and $15 price target. Roth MKM initiates CPI Card Group Roth MKM started coverage of the financial technology stock with a buy rating and $40 price target.

Persons: Ross, ROST, Raymond James, EBITDA, 4Q23, Guggenheim, ATNI, Morgan Stanley, Brighthouse, Rosenblatt, Roth MKM, Fred Imbert Organizations: UBS, Barclays, CNBC, Citi, Fox, JV, Ross, Price, Pfizer, DRG, Equitable, JPMorgan, Traction, JPMorgan downgrades Locations: 1Q24, Xperi, 4Q22

☆ Stocks making the biggest moves midday: Warner Bros. Discovery, Rivian, Block, Live Nation and more
▼ + stars: | 2024-02-23 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

Discovery — Shares dropped 10% after the media conglomerate posted disappointing fourth-quarter results and failed to give 2024 free cash flow guidance. Discovery reported a loss of 16 cents per share on revenue of $10.28 billion. Analysts polled by LSEG, formerly known as Refinitiv, had expected a per-share loss of 7 cents on revenue of $10.35 billion. Carvana — Shares of the used car marketplace jumped 34% after the struggling company posted its first-ever annual profit. Insulet — Shares slipped 4.5% after the company reported a disappointing revenue forecast for the first quarter.

Persons: DraftKings, Rivian, Bloomin, overshadowing, Nio, LSEG, Carvana, William Blair, Raymond James, Nextdoor, Nirav Tolia, Insulet, FactSet, EOG, —, Alex Harring, Samantha Subin, Brian Evans, Lisa Kailai Han, Jesse Pound, Michelle Fox, Sarah Min Organizations: Warner Bros, —, Discovery, LSEG, Barclays, UBS, Holdings, EV, JPMorgan Locations: U.S

☆ 3 surprises from Nvidia earnings help justify a one-day $250 billion boost to its market value
▼ + stars: | 2024-02-22 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +10 min

If that return isn't there, will they keep ordering the latest and greatest Nvidia chips? Despite the overall improvements in availability, Nvidia on Wednesday indicated it will face supply-and-demand imbalances with its upcoming AI chips. The U.S. government has said its export controls are designed to keep high-powered AI chips out of the hands of the Chinese military. In the November-through-January quarter, China accounted for a mid-single-digit percentage of Nvidia's $18.4 billion in data center revenue, according to the company. The fact Nvidia still booked China revenue in the hundreds of millions of dollars means it could take a further hit in the region.

Persons: —, Jensen Huang, Raymond James, Nvidia's, Colette Kress, Huang, Morgan Stanley, Jim Cramer's, Jim Cramer, Jim Organizations: Nvidia, Meta, Apple, Microsoft, Melius Research, Devices, Big Tech, Wall, U.S, Truist Securities, CNBC, Visitors, NVIDIA, Hangzhou Apsara, Getty, Nurphoto Locations: China, Hangzhou, Hangzhou Apsara Conference, Zhejiang province

☆ What to expect from Nvidia earnings after the stock's 'recent parabolic run-up'
▼ + stars: | 2024-02-21 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Some Wall Street analysts are bracing for a pullback in Nvidia shares after the chipmaker reports fiscal fourth quarter results after the bell Wednesday. "We reiterate Buy/top pick ahead of NVDA Feb-21 earnings but won't be surprised to see a notable but brief pullback after the recent parabolic run-up in the stock," wrote Bank of America analyst Vivek Arya in a recent note. Nvidia shares slid more than 4% during Tuesday's session, but they have surged 40% in 2024. "Hence, we see limited room for further earnings upside in 2024 relative to the sales and earnings surprise that we saw in 2023." Even if Nvidia tops estimates, some on Wall Street anticipate a post-earnings decline akin to what's occurred during previous prints.

Persons: NVDA, Vivek Arya, Frank Lee, Tom O'Malley, Morgan Stanley's Joseph Moore, haven't, Rosenblatt, Raymond James, Srini Pajjuri, O'Malley, Timothy Arcuri, Evercore ISI's Julian Emanuel, — CNBC's Michael Bloom Organizations: Nvidia, Bank of America, HSBC, Barclays, UBS

Some stocks could post sizable moves this week on the back of corporate earnings reports this week. Wall Street expects more steam ahead, with the typical analyst surveyed by FactSet holding a buy rating and price target reflecting nearly 10% in upside. His price target of $2 implies shares can add almost 190%. Meanwhile, the average analyst polled by FactSet has a hold rating on the penny stock, but the same price target as Kallo. But he cut his price target by $3 to $80 on Friday ahead of the report.

Persons: Berkshire Hathaway, it's, Raymond James, Srini Pajjuri, Pajjuri, Nikola, Baird, Ben Kallo, NKLA, Kallo, FactSet, Christopher Horvers, bullish Organizations: Nvidia, Moderna, Berkshire, CNBC Pro, CNBC Locations: Lucid

☆ These 3 names that are about to report quarterly results have strong earnings momentum
▼ + stars: | 2024-02-20 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

About 80% of S & P 500 constituents have already reported, with more than three-quarters of these names beating earnings estimates, according to FactSet. The 14 analysts covering the stock rate it either a buy or a strong buy, with their average price target of $613.86 implying about 12% upside ahead, per LSEG. Average earnings estimates on the power company have ticked up roughly 8% over the past three months, while shares have added about 12% in 2024. Seven of the 13 analysts covering the stock rate it a buy or a strong buy, but their average price target of $124.64 suggests downside of nearly 5%, per LSEG. Mizuho Securities is neutral on the stock, recently raising its price target to $132 from $116.

Persons: Goldman Sachs, David Kostin, Raymond James, Srini Pajjuri, Anthony Crowdell Organizations: CNBC, Nvidia, Constellation Energy, Mizuho Securities, Constellation Locations: Mizuho

☆ Here are Friday's biggest analyst calls: Nvidia, Nike, Tesla, Coinbase, Arm, Meta, Eli Lilly, UPS, Carvana & more
▼ + stars: | 2024-02-16 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are Friday's biggest calls on Wall Street: Bank of America reiterates Meta as buy Bank of America said it's bullish on Meta adding the Broadcom CEO to its board of directors. Bank of America reiterates Nvidia as buy Bank of America said it's standing by the stock heading into earnings next week but that a pullback is possible. Baird upgrades UPS to outperform from neutral Baird said in its upgrade of UPS that the risk/reward is too attractive to ignore. Bank of America downgrades Dropbox to underperform from buy Bank of America said the "bull thesis has played out" for the data storage company. Bank of America upgrades Cellebrite to buy from neutral Bank of America said it sees business trends stabilizing for the digital intelligence company.

Persons: it's, Hock Tan, NVDA, Goldman Sachs, Goldman, TD Cowen, Grosvenor, KBW, TTD, Baird, Wells, Tommy Hilfiger, Tommy, Raymond James downgrades Carvana, Raymond James, Wayfair, Oppenheimer, Morgan Stanley, Tesla, Guggenheim, SunPower, Jefferies, Eli Lilly, Roku Organizations: Bank of America, Meta, Broadcom, " Bank of America, Nvidia, Informatica, BMO, Trade, Google, U.S, UPS, JPMorgan, Daiwa, CY2025, UBS, Newell Brands, RBC, Nike, of America, Barclays, Netflix, JPMorgan downgrades Bloom Energy, BE, Pharma Locations: CY24, CY2024, Wayfair, U.S

☆ Stocks making the biggest moves premarket: Super Micro Computer, Dropbox, DoorDash and more
▼ + stars: | 2024-02-16 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

Dropbox — Shares of the cloud storage company pulled back nearly 13% after the company issued lower-than-expected first-quarter revenue guidance. Dropbox now forecasts revenue in the range of $627 million to $630 million, while analysts surveyed by FactSet expected $632.5 million. The company also announced plans for a $250 million share repurchase, and said it planned to lay off 550 employees . Trade Desk — Shares skyrocketed more than 18% after the company beat revenue estimates in the fourth-quarter and issued higher-than-expected first-quarter guidance. DoorDash reported a loss of 39 cents per share while analysts polled by LSEG called for a 16-cents loss.

Persons: Ingersoll Rand, Ingersoll, Vulcan, FactSet, Roku, DraftKings, DoorDash, LSEG, Coinbase, Wells, Raymond James, Wayfair, Sarah Min, Michelle Fox, Jesse Pound, Alex Harring Organizations: Wall, FactSet, Vulcan, LSEG, Revenue, Bank of America Locations: Wells Fargo

☆ Wall Street cheers Coinbase after its first quarterly profit in 2 years, but skepticism lingers
▼ + stars: | 2024-02-16 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +8 min

Wall Street is celebrating Coinbase after the crypto exchange operator posted its first quarterly profit in two years. Late Thursday, Coinbase posted earnings of $1.04 per share on $954 million of revenue for the fourth quarter. "Happy days are here again" for Coinbase, as Raymond James put it, but it's not clear for how long. "That said, we maintain our U/P rating given crypto market unpredictability, lack of revenue diversification, valuation, and continued legal overhang." JPMorgan, neutral, PT $95 "Management calls spot bitcoin ETFs [a] net positive but, we're still unconvinced," said JPMorgan's Kenneth Worthington.

Persons: Coinbase, haven't, bitcoin, Raymond James, Goldman Sachs, Goldman, Will Nance, revs, Jason Kupferberg, Benjamin Budish, EBITDA, underperform, Patrick O'Shaughnessy, we're, Kenneth Worthington, Keefe, KBW's Kyle Voigt, Oppenheimer, Owen Lau, Devin Ryan, Needham, John Todaro, Canaccord, Joseph Vafi, Michael Bloom Organizations: LSEG, U.S . Securities, Exchange Commission, " Bank of America, Bank of America, Barclays, JPMorgan, Management, SEC, Coinbase's, BTC Locations: U.S, Coinbase, Needham

The chipmaker was initiated with an outperform rating by Loop Capital, which set a Wall Street-high price target that calls for 65% upside. He also raised his price target on U.S.-traded shares to $22.22 from $19.16, implying shares could rise 27% from Thursday's close. It also cut its price target by $1.50 to $8.50, suggesting just 6.2% upside potential from Thursday's closing price. — Hakyung Kim 5:41 a.m.: Oppenheimer downgrades Nike Don't expect much out of Nike shares in the near future, according to Oppenheimer. The firm downgraded the apparel giant to perform from outperform and slashed its price target to $110 per share from $150.

Persons: Oppenheimer, Carvana, Raymond James Carvana's, Raymond James, Mitch Ingles, Ingles, — Hakyung Kim, Jefferies, Alex Wright, Wright, Peter Grom, Chris Peterson's, Grom, Newell, Brian Nagel, Fred Imbert, Ananda Baruah, Hakyung Kim Organizations: CNBC, Nvidia, Nike, Loop, Jefferies, UBS, Newell Brands Consumer, Newell Brands, Nvidia Nvidia, CY2025 Locations: Thursday's, America, CY2024

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