Pre-Open Movers: Snowflake Jumps Post EPS, Salesforce and NVIDIA Fall
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- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
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- Spain's ex-transport minister sentenced to 24 years for corruption
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Peloton Interactive (PTON) PT Lowered to $15 at Roth Capital
August 26, 2022 8:18 AM EDTRoth Capital analyst George Kelly lowered the price target on Peloton Interactive (NASDAQ: PTON) to $15.00 (from $25.00) while maintaining a Buy rating.
The analyst comments "PTON's fiscal 4Q22 results reflect continued restructuring and demand challenges. We expect the stock to remain range-bound... More
NVIDIA (NVDA) PT Lowered to $200 at Susquehanna
August 25, 2022 9:17 AM EDTSusquehanna analyst Christopher Rolland lowered the price target on NVIDIA (NASDAQ: NVDA) to $200.00 (from $210.00) while maintaining a Positive rating following earnings.
The analyst commented, "After the close NVIDIA reported results in-line with their pre-announcement, but missed Street expectations for 3Q. The primary culprit was Gaming, which management suggested was affected by macro headwinds, including a weaker EU, China and ban to Russia. In addition, we have been vocal about the growing risks from: 1) the WFH PC/GPU Hangover and macro-related headwinds; 2) Ethereums upcoming move to Proof of Stake; and 3) bloated channel inventory... More
