Fed decision, SNB surprise, Reddit IPO - what's moving markets

Welcome to wallstreetbets: Reddit (RDDT) stock adds 48% in a blockbuster IPO debut

(Updated - March 21, 2024 4:34 PM EDT)

Reddit has made its long-awaited market debut Thursday, closing the day 48.4% higher.

Reddit priced its IPO at the top end of the $31 to $34 range, valuing the company at $6.4 billion.

The highly successful market debut is the latest sign of improving... More

Nike (NKE) earnings: Here's what analysts expect

Nike (NYSE: NKE) will report earnings after the markets close today (Thursday, March 21). Analysts at Telsey Advisory Group and Wells Fargo have released notes highlighting their expectations.

Telsey Advisory lowered its price target for the sportswear giant's shares in their note, to $120 from $140 per share, maintaining an Outperform rating on the stock.

The firm said sentiment on Nike has cooled following the FY24 guidance reduction in late December.... More

This is the price Boeing may have to pay to acquire Spirit AeroSystems - analyst

Analysts at Jefferies named the price they believe Boeing (NYSE: BA) could have to pay to acquire Spirit AeroSystems (NYSE: SPR) in a note this week, saying the potential deal is best for safety and quality.

The firm maintained a Buy rating and $40 price target on SPR in the note, stating that a potential $40 per share takeout must satisfy all parties.

Jefferies noted multiple... More

Micron Technology (MU) PT Raised to Street High $225 at Rosenblatt

Rosenblatt analyst Hans Mosesmann raised the price target on Micron Technology (NASDAQ: MU) to $225.00 (from $140.00) while maintaining a Buy rating.

The analyst comments "Micron crushed its February quarter print and May quarter outlook on strong AI momentum, general market recovery, and a faster-than-expected impact to DRAM supply on aggressive HBM3e wafer allocation (requires 3x the number of wafers vs. DDR5). HBM3e alone will drive most of the DRAM... More

Micron Technology (MU) PT Raised to $130 at Piper Sandler

Piper Sandler analyst Harsh Kumar raised the price target on Micron Technology (NASDAQ: MU) to $130.00 (from $95.00) while maintaining a Overweight rating.

The analyst comments "Micron reported stellar results and guidance primarily driven by end-market tailwinds which we expect to last through... More

Micron Technology (MU) PT Raised to $120 at Needham

Needham analyst N. Quinn Bolton raised the price target on Micron Technology (NASDAQ: MU) to $120.00 (from $100.00) while maintaining a Buy rating.

The analyst comments "Micron posted a very strong beat and raise F2Q24 as the memory market inflects higher across the... More

Five Below (FIVE) PT Lowered to $210 at Citi

Citi analyst Paul Lejuez lowered the price target on Five Below (NASDAQ: FIVE) to $210.00 (from $227.00) while maintaining a Buy rating.

The analyst comments "4Q EPS $3.65 were below consensus $3.78 driven by lower GM vs cons due to higher expected shrink. After completing... More

Micron Technology (MU) PT Raised to $135 at Cantor Fitzgerald, 'Don’t Overthink It, the Memory Cycle is Just Getting Started'

Cantor Fitzgerald analyst C.J. Muse raised the price target on Micron Technology (NASDAQ: MU) to $135.00 (from $120.00) while maintaining a Overweight rating.

The analyst comments "Expectations were high, but Micron certainly delivered the goods. The May Q outlook is better any way you... More

Boeing (BA) PT Lowered to $210 at BofA Securities

BofA Securities analyst Ronald Epstein lowered the price target on Boeing (NYSE: BA) to $210.00 (from $225.00) while maintaining a Neutral rating.

The analyst comments "Despite being in a strong civil aviation market, we think Boeings shares are likely range bound for the time being... More

Micron Technology (MU) PT Raised to $150 at TD Cowen

TD Cowen analyst Karl Ackerman raised the price target on Micron Technology (NASDAQ: MU) to $150.00 (from $120.00) while maintaining a Outperform rating.

The analyst comments "Results/guide were flawless & surpassed even the most bullish expectations we heard. With the stock trading at ~13x... More

Barclays Comments on Boeing (BA) MAX Deliveries

Barclays analyst David Strauss reiterated an Equalweight rating and $235.00 price target on Boeing (NYSE: BA)

The analyst comments "MAX deliveries consist of a mix of aircraft that were produced prior to the grounding being lifted in late 2020 (storage) along with aircraft that have been produced since then... More