Investing.com -- AppLovin Corp (NASDAQ: APP) stock surged 7% Monday after Jefferies analyst James Heaney defended the company amid its significant year-to-date decline.
Heaney reiterated a Buy rating and $860.00 price target on AppLovin, describing the stock’s 39% year-to-date drop as "a great buying opportunity" for what he considers a high-growth company. The analyst expects AppLovin to deliver over 50% top-line growth by fiscal year 2026.
The mobile technology... (continue reading...)
Investing.com -- Stocks rallied on Friday as technology shares rebounded after several sessions of sharp losses, while Bitcoin recovered from a steep selloff that had at one stage erased more than half its value.
The Dow Jones Industrial Average gained 1,206.95 points, or 2.47%, to close at 50,115.67, marking the first finish above the 50,000 level. The S&P 500 rose 1.97% to 6,932.30 and the Nasdaq Composite advanced 2.18% to 23,031.21. The move pushed the S&P 500 back... (continue reading...)
BEIJING, Feb 9 (Reuters) - China's Nio is recalling 246,229 vehicles due to a software issue that poses safety hazards, marking the largest recall by a homegrown electric vehicle maker.
The recalled EVs include models ES8, ES6 and EC6 and were manufactured between March 16, 2018 and January 16, 2023, a statement released by the State Administration for Market Regulation on Monday said. Some of these vehicles have a software issue that could lead... (continue reading...)
Investing.com -- Robinhood Markets (NASDAQ: HOOD) stock rose 2.7% Monday morning, outperforming broader markets that were down slightly and crypto-linked stocks that fell over 2%, following an upgrade from Wolfe Research.
Analyst Steven Chubak upgraded Robinhood from Peerperform to Outperform and set a price target of $125.00, representing significant upside from Friday’s closing price of $82.80. The upgrade comes as the analyst looks to "take advantage of the recent... (continue reading...)
Feb 9 (Reuters) - Software provider Kyndryl on Monday delayed the filing of its quarterly report for the October-December period, citing material weaknesses in its financial reporting procedures, sending its shares tumbling 55% in premarket trading.
The company said the weaknesses span multiple periods including its full fiscal year ended March 2025 and the first two quarters of fiscal 2026.
Kyndryl was IBM's infrastructure services... (continue reading...)
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