Midday movers: Apple slips; Palantir and Micron gain

Luminar Technologies (LAZR) rises following earnings, says Tesla is biggest lidar customer

Luminar Technologies (NASDAQ: LAZR) shares have jumped more than 12% premarket Wednesday after the company reported its latest quarterly earnings after the close on Tuesday.

Luminar reported a first-quarter loss per share of EPS of ($0.19), in-line with the analyst estimate of ($0.19). Revenue for the quarter increased 45% year-on-year, coming in at $20.97 million... More

CFRA on Apple (AAPL): 'we think these upgrades...will help drive a return to growth'

CFRA analyst Angelo Zino reiterated a Buy rating and $210.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "AAPL is fully revamping its iPad line-up with a larger 13-inch iPad Air and new M4 chips (from M2) for iPad Pros. The Pros also possess a... More

Apple (AAPL) announces new iPad Pro and M4 chip

Apple (NASDAQ: AAPL) announced its M4 chip on Tuesday at its "Let Loose" event. The chip will be coming to Apple's next generation of devices, beginning with the iPad Pro.

It is said the M4 chip in the new OLED iPad Pro will help improve AI-related tasks in iPadOS. The new iPad Pro also has upgraded camera modules to take better images, as well as an adaptive flash to improve capture for document scanning tasks.

During the event, Apple shed light on the AI capabilities of the M4 chip, boasting a new... More

BofA Securities Positive on Apple (AAPL): 'Another qtr of buyback authorization and div increase'

BofA Securities analyst Wamsi Mohan reiterated a Buy rating and $230.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "

During the F2Q earnings call, mgmt. announced that the Board of Directors had authorized an additional $110bn for share buybacks,... More

Vistra Energy (VST) PT Raised to $95 at RBC Capital

RBC Capital analyst Shelby Tucker raised the price target on Vistra Energy (NYSE: VST) to $95.00 (from $90.00) while maintaining a Outperform rating.

The analyst comments "Nuclear assets have seen a material uplift in recent months, driven by higher power prices and optimism over... More

Palantir Technologies Inc. (PLTR) PT Raised to $9 at RBC Capital

RBC Capital analyst Rishi Jaluria raised the price target on Palantir Technologies Inc. (NYSE: PLTR) to $9.00 (from $5.00) while maintaining a Underperform rating.

The analyst comments "Palantir reported a beat-and-raise, which was largely priced in (especially with today's 8% intra-day gain vs. the IGV +1%)... More

Palantir Technologies Inc. (PLTR) PT Raised to $25 at Citi

Citi analyst Tyler Radke raised the price target on Palantir Technologies Inc. (NYSE: PLTR) to $25.00 (from $23.00) while maintaining a Neutral rating.

The analyst comments "In what is always a mass of unique metrics to unpack, PLTRs Q1 results showed... More

Spirit Airlines (SAVE) PT Lowered to $3.25 at BofA Securities

BofA Securities analyst Andrew Didora lowered the price target on Spirit Airlines (NYSE: SAVE) to $3.25 (from $4.00) while maintaining a Underperform rating.

The analyst comments "SAVEs results continue to be volatile. The airlines original 1Q outlook in February was much... More

Palantir Technologies Inc. (PLTR) PT Raised to $20 at Deutsche Bank

Deutsche Bank analyst Brad Zelnick raised the price target on Palantir Technologies Inc. (NYSE: PLTR) to $20.00 (from $18.00) while maintaining a Sell rating.

The analyst comments "We intend to do more work to try and identify refence customers beyond some of the examples on... More