After-hours movers: Esperion sinks on Daiichi Sankyo dispute, Adobe gains on EPS
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- Dollar sags after US GDP and inflation surprise, except against yen
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
Roth/MKM Downgrades LivePerson (LPSN) to Neutral
March 16, 2023 6:44 AM EDTRoth/MKM analyst Richard Baldry downgraded LivePerson (NASDAQ: LPSN) from Buy to Neutral with a price target of $6.00 (from $25.00).
The analyst comments "LPSN's 4Q22 results were weak and its outlook for 2023 leaves us again lowering forecasts already dramatically cut in mid-2022.... More
Oppenheimer Remains Sidelined on UiPath Inc. (PATH), 'FY2024 ARR guidance implies that this reported metric will continue declining and remains a stock overhang'
March 16, 2023 5:17 AM EDTOppenheimer analyst Brian Schwartz reiterated a Perform rating and {REMOVEPT} price target on UiPath Inc. (NYSE: PATH).
The analyst comments "UiPaths F4Q results and operating margin guidance were above Street expectations, consistent with our preview. We believe UiPaths business has... More