Pre-Open Stock Movers 07/28: (INFI) (BTBT) (LKFN) Higher; (TDOC) (CSGP) (SPOT) Lower (more...)

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Go back to Pre-Open Stock Movers 07/28: (INFI) (BTBT) (LKFN) Higher; (TDOC) (CSGP) (SPOT) Lower (more...)

Spotify (SPOT) Gets Two Upgrades as Yesterday's Selloff Yielded Attractive Opportunity

July 29, 2021 10:24 AM EDT

Spotify (NYSE: SPOT) received two stock upgrades today to see its shares trade nearly 1% higher.

Yesterday, the company reported that podcast listening surged 30% among those users that already listen to podcasts. As a result, podcast ad revenue soared by 627%.

The continued outperformance is currently limited only by the availability of our inventory, which is something were actively solving for, said CEO Daniel Ek.

The days of our ad business accounting for less than 10% of our total revenue are behind us, and going forward, I expect ads to be a... More

Lakeland Financial (LKFN) to Join S&P SmallCap 600 Index on August 3, 2021

July 29, 2021 10:02 AM EDT

Lakeland Financial Corporation (Nasdaq: LKFN), parent company of Lake City Bank, will be added to the S&P SmallCap 600 Index after the close of trading on Tuesday, August 3, 2021.

David M. Findlay, President and Chief Executive Officer stated, We are honored to be added to the S&P SmallCap 600 Index. Our inclusion in the index reflects the success of our long-term shareholder value creation strategy. The Lake City Bank team is proud of our unwavering focus on taking care of our communities,... More

Shopify (SHOP) PT Raised to $1,800 at Jefferies

July 29, 2021 8:00 AM EDT

Jefferies analyst Samad Samana raised the price target on Shopify (NYSE: SHOP) to $1,800.00 (from $1,675.00) while maintaining a Buy rating.

The analyst commented, "SHOP's 2Q results experienced an expected deceleration, but still nicely beat consensus. A few incremental takeaways after the call were: 1) the take... More

Shopify (SHOP) PT Raised to $1,500 at Mizuho Securities

July 28, 2021 3:50 PM EDT

Mizuho Securities analyst Siti Panigrahi raised the price target on Shopify (NYSE: SHOP) to $1,500.00 (from $1,300.00) while maintaining a Neutral rating.

The analyst commented, "Shopify posted Q2 results once again nicely ahead of consensus expectations with GMV reaching a record $42.2B (up... More