Midday movers: Snowflake slumps, Okta rises, and more

c3.ai (AI) PT Raised to $22 at Deutsche Bank, 'An upbeat message but much still to prove'

Deutsche Bank analyst Patrick Colville raised the price target on c3.ai (NYSE: AI) to $22.00 (from $18.00) while maintaining a Sell rating.

The analyst comments "We maintain our cautious view and Sell rating on shares of C3 following what we view as mostly inline results that sent shares up >20%. F3Q revenue of $78m (~3% above... More

Boeing in talks to acquire Spirit AeroSystems, analysts discuss 'negative' financial benefits

(Updated - March 1, 2024 4:03 PM EST)

Boeing (NYSE: BA) is currently in discussions to acquire Spirit AeroSystems (NYSE: SPR), according to a report by The Wall Street Journal on Friday.

The publication states, citing people familiar with... More

Okta, Inc (OKTA) PT Raised to $105 at Macquarie

Macquarie analyst Frederick Havemeyer raised the price target on Okta, Inc (NASDAQ: OKTA) to $105.00 (from $80.00) while maintaining a Neutral rating.

The analyst comments "OKTA posted a strong beat on revenue and profitability as concerns about retention headwinds from breaches were alleviated during FQ4.... More

The hit to Boeing's (BA) reputation continues to grow - BofA

Boeing's (NYSE: BA) reputational hit continues to increase with both airlines and consumers, BofA's Ronald Epstein said in a client note this week.

His comments follow a report by Bloomberg, which states the US Department of Justice (DoJ) is working to determine if the January 5th Alaska... More

Stifel on Boeing (BA): 'We think the 787 could be a meaningful cash tailwind in 2024'

Stifel analyst Bert W. Subin reiterated a Buy rating and $280.00 price target on Boeing (NYSE: BA).

The analyst comments "The 787 has a storied place in history with its unveiling as the next-generation aircraft - the 7E7 comprised of over 50% composite materials - to... More

Best Buy (BBY) rises on earnings, revenue beat

(Updated - February 29, 2024 8:54 AM EST)

Best Buy (NYSE: BBY) reported a stronger-than-expected finish to its fiscal year, with fourth-quarter earnings and revenue surpassing analyst estimates. The company's shares surged 3.54% as investors responded positively to the news.

For the fourth quarter, the electronics retailer posted adjusted earnings per share (EPS) of $2.72, exceeding the consensus estimate of $2.52. Revenue for the quarter was also higher than expected at $14.65 billion, compared to the analyst forecast of $14.56 billion. Despite a challenging consumer electronics sales environment, the company's revenue showed resilience, declining only 0.9% from the... More

salesforce.com (CRM) PT Raised to $330 at Macquarie

Macquarie analyst Sarah Hindlian-Bowler raised the price target on salesforce.com (NYSE: CRM) to $330.00 (from $300.00) while maintaining a Outperform rating.

The analyst comments "CRM delivered again in the final quarter of FY'24; posting revenue of $9.29bn (FactSet cons. $9.22bn) and healthy 12%... More