Pre-Open Movers: iRobot Surges on Amazon Takeover, Twilio Lower on Results
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
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- Chip stocks plunge, but bargain-hunters limit scale of tech rout
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- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
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JPMorgan Upgrades iRobot Corporation (IRBT) to Neutral
August 8, 2022 8:14 AM EDTJPMorgan analyst Mark Strouse upgraded iRobot Corporation (NASDAQ: IRBT) from Underweight to Neutral with a price target of $61.00 (from $45.00).
THe analyst comments "Following Amazons agreement to acquire IRBT in all cash for $1.7B, we move to Neutral (from Underweight) and establish our... More
Atlassian (TEAM) Soars on Positive 4Q and CFO Appointment
August 5, 2022 11:04 AM EDTAtlassian Corp. (NASDAQ: TEAM) soared in pre-market trading Friday and is currently up almost 14% mid-day after the company reported 4Q results and offered some forward-looking commentary on the earnings call.
The Australian software company reported 4Q adjusted EPS of $0.27, compared to EPS of $0.24 in the year-ago period, in line with what analysts were expecting. Revenue came in at $757 million, up 35% YoY, ahead of the consensus projection of $723 million.
TEAM reported an EBIT of 14.4%, below the analyst consensus of 15.3%. TEAM also announced Joe Binz as the new CFO. Binz will... More
Names Amazon (AMZN) May Like to Acquire Without Government Pushback According to DA Davidson (LOVE) (ETSY) (SONO)
August 5, 2022 10:57 AM EDTNames Amazon (NASDAQ: AMZN) May Like to Acquire According to DA Davidson.
Analyst Tom Forte maintains Buy and $151.00 PT.
The analyst comments "Less than $10B sweet spot. Looking at MGM ($8.5B) and the proposed One Medical ($3.9B) and now... More
Carvana Co. (CVNA) Extends Gain, Up 25%
August 5, 2022 9:52 AM EDTCarvana Co. (NYSE: CVNA) Extends Gain, Up 25%
... More
