After-hours movers: Lyft surges, Upstart tanks, and more

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DA Davidson Downgrades Airbnb Inc. (ABNB) to Neutral Citing Valuation

February 14, 2024 7:29 AM EST

DA Davidson analyst Tom White downgraded Airbnb Inc. (NASDAQ: ABNB) from Buy to Neutral with a price target of $145.00.

The analyst comments "We are downgrading shares of ABNB from Buy to NEUTRAL and maintain our 12-month price target at $145. ABNBs 4Q23 results were solid, with decent upside vs. expectations on both the topline and adj. EBITDA. Managements outlook commentary for 1Q and CY24 suggests that this... More

Quidel Corp. (QDEL) PT Lowered to $50 at Citi

February 14, 2024 7:13 AM EST

Citi analyst Patrick Donnelly lowered the price target on Quidel Corp. (NASDAQ: QDEL) to $50.00 (from $72.00) while maintaining a Neutral rating.

The analyst comments "QDEL reported 4Q23 revenue of $743mn, within the implied guide but well below consensus of $797mn. Adj. EBITDA margin of... More

Instacart (CART) PT Raised to $36 at MoffettNathanson, 'We find ourselves sitting somewhere in between the skeptic and the optimist'

February 14, 2024 6:04 AM EST

MoffettNathanson analyst Michael Morton raised the price target on Instacart (NASDAQ: CART) to $36.00 (from $34.00) while maintaining a Neutral rating.

The analyst comments "We continue to rate CART Neutral and increase our price target from $34 to $36. We continue to value Instacart at 12x FY24 Adj. EBITDA,... More