After-hours movers: eBay and Beyond Meat rise, Bumble sinks

Argus Upgrades Beyond Meat Inc. (BYND) to Hold, 'weak balance sheet'

Argus analyst John Staszak upgraded Beyond Meat Inc. (NASDAQ: BYND) from Sell to Hold.

The analyst comments "We are raising our rating on Beyond Meat Inc. (NGS: BYND) to HOLD from SELL. The company sells plant-based alternatives to meat at retail outlets, and has also developed products for fast food chains, including McDonalds, Pizza Hut, and KFC. BYND also faces... More

CFRA Upgrades eBay (EBAY) to Buy

CFRA analyst Arun Sundaram upgraded eBay (NASDAQ: EBAY) from Buy to Buy with a price target of $55.00 (from $45.00).

The analyst comments "We lift our 12-month target by $10 to $55, calculated using an EV/EBITDA multiple of 9.0x our 2024 adj-EBITDA estimate of $3,290M (+4% Y/Y) vs. the... More

eBay (EBAY) PT Raised to $58 at Benchmark, 'GMV Growth Sighted. Can Momentum Continue?'

Benchmark analyst Daniel Kurnos raised the price target on eBay (NASDAQ: EBAY) to $58.00 (from $56.00) while maintaining a Buy rating.

The analyst comments "eBay (EBAY: Buy, PT from $56 to $58) finished off the year on a high note, exceeding consensus across the board for 4Q. More importantly, however, was... More

Bumble Inc. (BMBL) PT Lowered to $14 at Citi

Citi analyst Ygal Arounian lowered the price target on Bumble Inc. (NASDAQ: BMBL) to $14.00 (from $16.00) while maintaining a Buy rating.

The analyst comments "Bumble reported lower than expected 4Q23 results, with 1Q24 and FY24 revenue outlooks well-below expectations. While the... More

TD Cowen Reiterates Outperform Rating on First Solar (FSLR), 'ASP in Bookings Continues to Increase'

TD Cowen analyst Jeffrey Osborne reiterated an Outperform rating and $250.00 price target on First Solar (NASDAQ: FSLR)

The analyst comments "4Q EPS upside was driven by lower than expected cost per watt. ASP in backlog increased QoQ and ASP on bookings over the... More

Ambarella (AMBA) PT Raised to $75 at Northland

Northland analyst Gus RichardGus RIchard raised the price target on Ambarella (NASDAQ: AMBA) to $75.00 (from $70.00) while maintaining a Outperform rating.

The analyst comments "AMBA reported a solid quarter and beating the bottom line on lower OPEX. We believe the bottom of the... More

First Solar (FSLR) PT Raised to $210 at Deutsche Bank, 'Solid name within the solar space'

Deutsche Bank analyst Corinne Blanchard raised the price target on First Solar (NASDAQ: FSLR) to $210.00 (from $205.00) while maintaining a Buy rating.

The analyst comments "First Solar reported 4Q results last night, with no big surprise coming out, as we had anticipated. 4Q23 adj. EPS of $3.25/sh was modestly better than expected... More

Citi on eBay (EBAY): 'Macro Pressure Persists, But Margins Better and Investment Areas Seeing Returns'

Citi on eBay (NASDAQ: EBAY): 'Macro Pressure Persists, But Margins Better and Investment Areas Seeing Returns'

The analyst comments "eBay reported 4Q23 revenue, non-GAAP OI margins, and EPS ahead of expectations. While 1Q24 top line was below consensus (with a softer January contributing) margin... More

Needham on eBay (EBAY): 'Guide Reflects Some Optimism for 2H24'

Needham analyst Anna Andreeva reiterated a Hold rating and {REMOVEPT} price target on eBay (NASDAQ: EBAY)

The analyst comments "After a soft start to 4Q23, demand improved late November/December and especially in the US with value consumer (EBAY hasn't historically been a... More

Stifel on eBay (EBAY): 'Expect GMV to Turn Positive in 3Q/4Q'

Stifel analyst Mark Kelley reiterated a Hold rating and $45.00 price target on eBay (NASDAQ: EBAY)

The analyst comments "EBAY reported a healthy 4Q, with revenue and adjusted EBITDA both ahead of the Street. The start of 2024 is showing uneven demand, with management... More

First Solar (FSLR) PT Raised to $269 at Oppenheimer, 'Executing Well'

Oppenheimer analyst Colin Rusch raised the price target on First Solar (NASDAQ: FSLR) to $269.00 (from $268.00) while maintaining a Outperform rating.

The analyst comments "With FSLR executing well across metrics we believe strong pricing for new bookings was a positive surprise. We... More

Beyond Meat Inc. (BYND) PT Raised to $8 at Jefferies, 'More Meat On The Bone'

(Updated - February 28, 2024 5:34 AM EST)

Jefferies analyst Kaumil Gajrawala raised the price target on Beyond Meat Inc. (NASDAQ: BYND) to $8.00 (from $7.00) while maintaining a Hold rating.

The analyst comments "After a prolonged period of volatility, Beyond is on more stable footing.... More