After-hours movers: Reddit, Lyft gain; Upstart, Twilio, ZoomInfo fall

Electronic Arts (EA) PT Lowered to $150 at Deutsche Bank

Deutsche Bank analyst Benjamin Soff lowered the price target on Electronic Arts (NASDAQ: EA) to $150.00 (from $153.00) while maintaining a Hold rating.

The analyst comments "EA's F4Q24 results came in below our expectations, missing our forecast for bookings, adj. OI, and adj. EPS by 8.6%, 16.0% and... More

Lyft (LYFT) PT Raised to $18 at JPMorgan

JPMorgan analyst Doug Anmuth raised the price target on Lyft (NASDAQ: LYFT) to $18.00 (from $13.00) while maintaining a Neutral rating.

The analyst comments "Lyft reported healthy 1Q results w/20%+ growth in Rides & Gross Bookings along w/strength in Revenue (+28%) & FCF +$127M, while increasing its FCF outlook for the year to 70%+ conversion of EBITDA, up from 50% previously. We believe Lyft is... More

Reddit (RDDT) PT Raised to $61 at Roth/MKM

Roth/MKM analyst Rohit Kulkarni raised the price target on Reddit (NYSE: RDDT) to $61.00 (from $50.00) while maintaining a Buy rating.

The analyst comments "Reddit's shares were +15% last night after the company reported its first earnings as a public company. Accelerating user growth,... More

Needham on Rivian Automotive Inc (RIVN), 'Still See A Long Term Winner'

Needham analyst Chris Pierce reiterated a Buy rating and $13.00 price target on Rivian Automotive Inc (NASDAQ: RIVN).

The analyst comments "We reiterate our Buy rating on RIVN and maintain our price target of $13 post 1Q results and company commentary. We... More

Reddit (RDDT) PT Raised to $63 at Needham, Adding to Conviction List and Replacing DoubleVerify

Needham analyst Laura Martin raised the price target on Reddit (NYSE: RDDT) to $63.00 (from $55.00) while maintaining a Buy rating.

The analyst comments "We are adding RDDT to the Conviction List (replaces DV) and increasing our PT to $63/share (from $55) based on strong... More

ZoomInfo Technologies (ZI) PT Lowered to $17 at Deutsche Bank

Deutsche Bank analyst Brad Zelnick lowered the price target on ZoomInfo Technologies (NASDAQ: ZI) to $17.00 (from $20.00) while maintaining a Hold rating.

The analyst comments "ZoomInfos 1Q results were broadly in line with expectations as stabilization with large customers was offset by worsening SMB trends. While management sees some green shoots including enterprise stabilization, improving customer winbacks and... More

Rivian Automotive Inc (RIVN) PT Lowered to $15 at Cantor Fitzgerald

Cantor Fitzgerald analyst Andres Sheppard lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $15.00 (from $23.00) while maintaining a Overweight rating.

The analyst comments "We reiterate our Overweight rating, but we lower our 12-month PT to $15 (from $23) on Rivian (RIVN)... More

DoubleVerify (DV) PT Lowered to $25 at Stifel

Stifel analyst Mark Kelley lowered the price target on DoubleVerify (NYSE: DV) to $25.00 (from $37.00) while maintaining a Buy rating.

The analyst comments "DV's solid 1Q performance was overshadowed by lowered 2Q/FY24 guidance, which once again was due almost entirely (~85%) to continued... More

ZoomInfo Technologies Inc. (ZI) PT Cut to $12 at RBC

(Updated - May 8, 2024 6:42 AM EDT)

RBC Capital Rishi Jaluria Underperform ZoomInfo Technologies (NASDAQ: ZI) price target of $12.00 (from $14.00)

The analyst comments "ZoomInfo reported a skinny beat and lowered 2024 guidance, leading shares down 17% after-hours. The key incremental takeaway was SMB trends deteriorated,... More

Lyft (LYFT) PT Raised to $24 at RBC Capital

RBC Capital analyst Brad Erickson raised the price target on Lyft (NASDAQ: LYFT) to $24.00 (from $23.00) while maintaining a Outperform rating.

The analyst comments "LYFT's Q1 was mostly solid with a beat & raise for Q1/Q2 and a reiterated FY outlook that looks increasingly... More

DoubleVerify (DV) PT Lowered to $40 at RBC Capital

RBC Capital analyst Matthew Swanson lowered the price target on DoubleVerify (NYSE: DV) to $40.00 (from $49.00) while maintaining a Outperform rating.

The analyst comments "DoubleVerify delivered a solid start to the year, outperforming the highend of guidance that was lowered for activation headwinds from a... More

ZoomInfo Technologies (ZI) Mentioned Positively at Wells Fargo

Wells Fargo analyst Michael Turrin lowered the price target on ZoomInfo Technologies (NASDAQ: ZI) to $21.00 (from $28.00) while maintaining a Overweight rating.

The analyst comments "Q1 Top Line: 1) ZI came in a touch above St rev ests in Q1, +3% y/y & -2% q/q, driven by... More

Rivian Automotive Inc (RIVN) PT Lowered to $10 at Wells Fargo

Wells Fargo analyst Colin Langan lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $10.00 (from $14.00) while maintaining a Equal Weight rating.

The analyst comments "RIVN headline Q1 EBITDA beat consensus, though missed ex. special charges. The company held FY adj... More

Goldman Sachs Downgrades ZoomInfo Technologies (ZI) to Sell, 'Softer hiring backdrop, weak renewal trends elongate path to growth re-acceleration'

Goldman Sachs analyst Kash Rangan downgraded ZoomInfo Technologies (NASDAQ: ZI) from Neutral to Sell with a price target of $12.00 (from $19.50).

The analyst comments "We downgrade ZI to Sell (from Neutral) and lower our PT to $12 from $19.50. Our Neutral rating was predicated on: 1) elongated... More

Twilio (TWLO) PT Lowered to $68 at Bernstein SocGen Group

Bernstein SocGen Group analyst Peter Weed lowered the price target on Twilio (NYSE: TWLO) to $68.00 (from $70.00) while maintaining a Market Perform rating.

The analyst comments "Twilios Q124 could be considered a success on the basis of coming in ahead of their... More

Lyft (LYFT) PT Raised to $18 at Evercore ISI

Evercore ISI analyst Mark Mahaney raised the price target on Lyft (NASDAQ: LYFT) to $18.00 (from $14.00) while maintaining a In Line rating.

The analyst comments "We maintain our In-Line rating in the wake of Modest But Mixed Beat & Raise Q1. The key... More

Lyft (LYFT) PT Raised to $19 at Bernstein SocGen Group

Bernstein SocGen Group analyst Nikhil Devnani raised the price target on Lyft (NASDAQ: LYFT) to $19.00 (from $15.00) while maintaining a Market Perform rating.

The analyst comments "What a difference a year (and a half) makes. Exiting 2022, LYFT didnt have enough drivers.... More