Dow futures fall 45 pts; key inflation data looms large

Citi on Robinhood Markets (HOOD): 'continues to see growth in its Gold sweep balances and stock lending activity has remained healthy'

Citi analyst Christopher Allen reiterated a Neutral rating and $10.00 price target on Robinhood Markets (NASDAQ: HOOD).

The analyst comments "HOOD reported 1Q23 EPS of ($0.57), vs our estimate of ($0.65) and consensus of ($0.62). Relative to our estimates, net revenues came in at... More

Benchmark Upgrades Roblox Corp. (RBLX) to Buy, 'Solid Growth Opportunity'

Benchmark analyst Mike Hickey upgraded Roblox Corp. (NYSE: RBLX) from Hold to Buy with a price target of $45.00.

The analyst comments "RBLX delivered a mixed F1Q23 financial result, missing consensus view on profitability in the quarter, but delivered strong net bookings growth and a solid return to positive operating... More

Rivian (RIVN) CEO mentions possibility of future partners and expansion beyond Amazon in CNBC interview

Rivian (NASDAQ: RIVN) CEO RJ Scaringe met with CNBCs Phil LeBeau at the companys plant in Illinois for a Squawk Box interview one day after the electric automaker reported a smaller than expected 1Q earnings loss.

The company reported 1Q EPS of ($1.25), coming in ahead of ($1.59) estimates. The company also reported 1Q revenue of $661 million, ahead of estimates of $652 million ad the automaker continues to work towards... More

CFRA upgrades Rivian (RIVN) on strong 1Q performance and favorable liquidity position

CFRA Research upgraded Rivian Automotive (NASDAQ: RIVN) to a Sell rating (From Strong Sell) and raised their price target on the stock to $10.00 (From $8.00) following the electric automakers 1Q earnings beat on Tuesday.

RIVN posted 1Q adjusted EPS of -$1.25 ahead... More

Roblox (RBLX) reports wider-than-expected loss in Q1, shares recover after initial slide

Roblox (NYSE: RBLX) shares plunged premarket after reporting a worse-than-expected loss per share in the first quarter.

The online game platform reported a loss per share of $0.44 in the first quarter, $0.09 worse than the analyst estimate of a $0.35 loss per share. Meanwhile,... More

CFRA Upgrades Rivian Automotive Inc (RIVN) to Sell

CFRA analyst Garrett Nelson upgraded Rivian Automotive Inc (NASDAQ: RIVN) from Strong Sell to Sell with a price target of $10.00 (from $12.00).

The analyst comments "We increase our 12-month price target by $2 to $10, comparable to the EV peer average. We increase our adjusted EPS estimates to -$6.55 from... More

Rivian (RIVN) reports strong 1Q despite concerns of intensifying EV competition

Rivian Automotive (NASDAQ: RIVN) ) reported its 1Q earnings results after the closing bell Tuesday, reporting EPS of ($1.25), $0.36 ahead of the consensus estimate of ($1.61). Revenue for the quarter came in at $661M versus the consensus estimate of $655.51M.

However, the strong 1Q beat wasnt enough to change RBC Capitals Sector Perform rating and $14.00 price target on the stock.

RBC analyst Tom Narayan wrote in a note, Rivian posted a strong Q1/23 EBITDA beat but maintained its 2023 guide, which we think implies a downshift coming from higher volumes at negative margins. Management presented a... More