SVB Financial, Gap, Oracle and DocuSign fall premarket; Roblox rises

Beep Inc. partners with North Carolina for Autonomous Vehicle Testing Projects

Autonomous and shared mobility solutions company, Beep Inc. announced Tuesday that the company has entered a partnership with North Carolinas Department of Transportation (NCDOT).

This partnership expands NCDOTs Connected Autonomous Shuttle Supporting Innovation (CASSI) program to further the states understanding of autonomous technologies and demonstrate the viability of shared autonomy. NCDOT and Beep will test applicable use cases for shared electric and autonomous shuttles.

The first pilot project will operate in... More

Meta Platforms Inc. (META) PT Raised to $305 at Evercore ISI 'Based on META’s reduced Totex guidance (Total Expenses)'

Evercore ISI analyst Mark Mahaney raised the price target on Meta Platforms Inc. (NASDAQ: META) to $305.00 (from $275.00) while maintaining a Outperform rating.

The analyst comments "Based on METAs reduced Totex guidance (Total Expenses), we are raising our FY23 EBITDA by 4% to... More

General Motors (GM) Hyundai in talks to acquire GM’s India plant

Hyundai Motor Co announced Monday that the Korean automaker has agreed to a potential acquisition of General Motors' (NYSE: GM) plant in India.

A final deal is subject to meeting certain conditions including obtaining "regulatory approvals from relevant government authorities and all... More

Mizuho positive on Meta Platforms (META) efforts to drive further efficiency

Mizuho Securities analyst James Lee provided positive commentary on Meta Platforms (NASDAQ: META) in a note to clients on Sunday, based on recent reports that the tech giant could initiate another round of layoffs at a similar scale to the last round at 13%... More

Goldman Sachs Terminates Coverage on SVB Financial Group (SIVB)

Goldman Sachs Terminates Coverage on SVB Financial Group (NASDAQ: SIVB)

Analyst Ryan Nash comments "Effective immediately, we are dropping coverage on SVB Financial Group."

Stifel Lays Out Biotech Names Exposure to SVB Financial Group (SIVB)

Stifel analyst Dae Gon Ha comments "Repercussions of the SVB fallout is dominating headlines and naturally, the majority of our covered companies being unprofitable, pre-commercial companies, stocks under our coverage universe are down sharply today. We have reached out to the respective management teams and are reassured that the impact could be, at least for now, less catastrophic. Of course,... More

Oracle (ORCL) PT Raised to $86 at Citi

Citi analyst Tyler Radke raised the price target on Oracle (NYSE: ORCL) to $86.00 (from $80.00) while maintaining a Neutral rating.