Midday movers: Coinbase surges; DoorDash, Roku drop

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DraftKings Inc. (DKNG) PT Raised to $53 at BTIG, 'Let's Run it Back'

February 20, 2024 6:51 AM EST

BTIG analyst Clark Lampen raised the price target on DraftKings Inc. (NASDAQ: DKNG) to $53.00 (from $47.00) while maintaining a Buy rating.

The analyst comments "After exceeding the high end of its initial Revenue and EBITDA targets by ~20%/70% this past year, DraftKings expects to employ (mostly) the same playbook for success 2024 (in many ways, it will simply be more... More

CFRA raises Coinbase (COIN) as stock benefits from recent crypto enthusiasm

February 16, 2024 12:54 PM EST

CFRA analyst Michael Elliott raised shares of Coinbase (NASDAQ: COIN) to Hold from Buy in a note Friday, lifting the price target for the stock to $177 per share.

The analyst cited the cryptocurrency exchange's earnings beat for the upgrade.

The analyst... More

Super Micro Computer (SMCI) shares fall, but analysts expect the AI momentum to continue

February 16, 2024 12:16 PM EST

Super Micro Computer (NASDAQ: SMCI) shares tumbled more than 13% Friday, but the AI momentum for the stock, which has risen more than 220% so far this year, is expected to continue.

The incredible run higher has been fueled by surging demand for the server company's high-performance rack servers as a result of the rise in new artificial... More