Meta earnings, IBM to acquire HashiCorp, U.S. GDP ahead - what's moving markets
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StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as FY2027 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
IBM (IBM) PT Lowered to $179 at Morgan Stanley, 'shares are largely fair valued'
April 25, 2024 6:36 AM EDTMorgan Stanley analyst Erik Woodring lowered the price target on IBM (NYSE: IBM) to $179.00 (from $186.00) while maintaining a Equalweight rating.
The analyst comments "IBM reported 1Q rev/EPS roughly in-line with MSe, and reiterated CY24 guidance (in CC). However, emerging Consulting weakness, a... More
Meta Platforms Inc. (META) PT Raised to $562 at Rosenblatt, 'Squishy-ish guidance'
April 25, 2024 6:31 AM EDTRosenblatt analyst Barton Crockett raised the price target on Meta Platforms Inc. (NASDAQ: META) to $562.00 (from $520.00) while maintaining a Buy rating.
The analyst comments "Squishy-ish guidance -- The revenue growth outlook for 2Q24 -- up 14% to 22% Y/Y -- is strong, but decelerating, reflective of comps that get 8 percentage points tougher Q/Q, and also of a 3 percentage point tougher foreign exchange backdrop and the lack of 1Q24's... More
Meta Platforms Inc. (META) PT Raised to $520 at MoffettNathanson, 'a more attractive entry point for Meta investors'
April 25, 2024 6:23 AM EDTMoffettNathanson analyst Michael Nathanson raised the price target on Meta Platforms Inc. (NASDAQ: META) to $520.00 (from $185.00) while maintaining a Buy rating.
The analyst comments "Management guided to second quarter 2024 revenues in the range of $36.5 to $39 billion, which at the midpoint of $37.75 billion implies year-over-year growth of +18%. Yes, that is a marked deceleration from the... More
Meta Platforms Inc. (META) PT Lowered to $500 at Deutsche Bank
April 25, 2024 5:32 AM EDTDeutsche Bank analyst Leo Horowitz lowered the price target on Meta Platforms Inc. (NASDAQ: META) to $500.00 (from $540.00) while maintaining a Buy rating.
The analyst comments "Meta is entering an investment cycle. We have been here a couple of times before, and each time it ended the same waygood for META's longer-term equity value. This time, Meta is making bigger investments in AI than we anticipated, which will likely result in Capex being much higher, for far... More
Truist Securities Downgrades HashiCorp Inc (HCP) to Hold
April 25, 2024 5:10 AM EDTTruist Securities analyst Miller Jump downgraded HashiCorp Inc (NASDAQ: HCP) from Buy to Hold with a price target of $35.00 (from $27.00).
The analyst comments "We see the announcement as a positive outcome for HashiCorp shareholders. The company has continued to work through a... More
Meta Platforms Inc. (META) PT Raised to $510 at Roth/MKM, 'Buy On Weakness; AI Moat Now Deeper'
April 25, 2024 4:58 AM EDTRoth/MKM analyst Rohit Kulkami raised the price target on Meta Platforms Inc. (NASDAQ: META) to $510.00 (from $500.00) while maintaining a Buy rating.
The analyst comments "META shares were down as much as -15% last night despite a clean beat on 1Q expectations and... More
Meta Platforms Inc. (META) PT Lowered to $570 at RBC Capital
April 25, 2024 4:45 AM EDTRBC Capital analyst Brad Erickson lowered the price target on Meta Platforms Inc. (NASDAQ: META) to $570.00 (from $600.00) while maintaining a Outperform rating.
The analyst comments "META's Q1 was solid in terms of top-line/ad demand trends - the issue is an accelerated, multi-year AI... More
