Warner Bros, Bumble, Robinhood fall premarket; Rivian, Upwork, Take-Two rise
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- Wall Street ends higher as SpaceX's market debut dominates
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Brent falls to lowest since March on expected peace deal
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Super Micro Computer establishes $1.25 billion stock sale agreement
- Wall Street ends higher as SpaceX's market debut dominates
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- SpaceX Shares Indicated To Open At $155
Toast (TOST) 'one of the best companies' on Baird's list
November 10, 2023 8:12 AM ESTBaird analysts raised shares of Toast (NYSE: TOST) to Outperform from Neutral, maintaining an $18 per share price target on the stock in a note to clients Friday.
Analysts at the firm told investors that they like big market share gainers and... More
Upstart Holdings (UPST) plunges as higher rates continue to have an impact
November 8, 2023 10:30 AM ESTUpstart Holdings (NASDAQ: UPST) plunged more than 25% Wednesday after missing top and bottom-line consensus estimates in the third quarter.
The company reported a loss per share of $0.05, $0.03 worse than the analyst estimate of a $0.02 loss per share. Revenue for the quarter came in at $135 million, down 14% YoY and below the consensus estimate of $139.76 million.
Total fee revenue was $147 million, a decrease of 18% year-over-year.
The company said lending partners originated 114,464 loans, totaling $1.2 billion across... More
Rivian (RIVN) gains 4% after market following raised production forecasts
November 8, 2023 9:01 AM ESTRivian (NASDAQ: RIVN) raised their yearly production forecasts by 2,000 vehicles to reach 54,000 units as demand for the automakers electric trucks sent the companys shares up 4% in volatile after-hours trading on Tuesday.
Rivian's optimistic forecast serves as a positive for an industry grappling with the challenges of elevated inflation, which has dampened... More
Cantor Fitzgerald cuts Lucid (LCID) to Neutral following 3Q revenue miss
November 8, 2023 8:34 AM ESTCantor Fitzgerald downgraded Lucid Group (NYSE: LCID) to a Neutral rating (From Overweight) and cut their 12-month price target on the electric automaker to $6.00 (From $10.00) after the company reported its 3Q23 earnings results after the market closed on Tuesday.
LCID reported 3Q revenues of $137.8 million, falling short of the consensus estimate of $185.1 million. This came after the company's pre-announcement on October 17, revealing that it had manufactured 1,550 vehicles (below the estimated 2,400) and delivered 1,457 vehicles (below the estimated 1,650)... More
