Netflix, Alphabet and PagerDuty rise premarket; Nordstrom falls

Credit Suisse Comments on DOJ Civil Lawsuit Against Alphabet (GOOGL)

Credit Suisse analyst Stephen Ju reiterated an Outperform rating and $128.00 price target on Alphabet (NASDAQ: GOOGL)

The analyst comments "This is a separate suit/matter versus the DOJs prior move to litigate Googles search business as a monopoly and focuses... More

PagerDuty (PD) to cut headcount by 7%; announces CRO transition

PagerDuty, Inc. (NYSE: PD) announced today that the American cloud computing company will be eliminating some roles and creating new ones in high-talent, lower-cost areas. The action will result in a headcount reduction of 7%, impacting about 80 roles.

The changes come as part of the Companys ongoing actions to drive efficient growth and expand operating margins, the Company is advancing global scaling initiatives designed to increase the Companys capacity while improving its cost structure. The changes include reallocating certain roles and realigning teams to continue to improve operational resiliency and agility, and... More

Cowen cuts Costco (COST) as gas profits shrink

Cowen reiterated an Outperform rating on Costco Wholesale Corp. (NASDAQ: COST) and cut the price target for the stock to $600.00 (From $650.00) basted on the companys lower gross profit from gas sales. Costco continues to be Cowens best idea in 2023 due to the companys low-priced and curated... More

PagerDuty (PD) providing the backdrop for a strong pivot to profitability - Morgan Stanley

PagerDuty, Inc. (NYSE: PD) shares were lifted to Overweight from Equal-Weight, with its price target raised to $36 from $32 at Morgan Stanley on Friday by analyst Sanjit Singh who stated that the company is "answering the call to drive better profitability."

PagerDuty shares jumped more than 4% following the... More