Futures tread water, more earnings ahead, Toyota reports - what's moving markets

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Go back to Futures tread water, more earnings ahead, Toyota reports - what's moving markets

Uber Inc. (UBER) PT Lowered to $80 at RBC Capital

May 9, 2024 6:39 AM EDT

RBC Capital analyst Brad Erickson lowered the price target on Uber Inc. (NYSE: UBER) to $80.00 (from $85.00) while maintaining a Outperform rating.

The analyst comments "UBER's Q1 was a bit messy relative to expectations. EBITDA results/guidance were fine but bookings softness... More

Uber Inc. (UBER) PT Lowered to $87 at BofA Securities

May 9, 2024 6:08 AM EDT

BofA Securities analyst Justin Post lowered the price target on Uber Inc. (NYSE: UBER) to $87.00 (from $91.00) while maintaining a Buy rating.

The analyst comments "Reported 1Q rev/EBITDA of $10.13bn/$1.38bn, above Street at $10.11bn/$1.32bn, while bookings at $37.7bn was 1%... More

Arm Holdings (ARM) PT Lowered to $145 at Evercore ISI

May 9, 2024 5:04 AM EDT

Evercore ISI analyst Mark Lipacis lowered the price target on Arm Holdings (NASDAQ: ARM) to $145.00 (from $156.00) while maintaining a Outperform rating.

The analyst comments "With ARM up 41% YTD vs SPX 9%, and YY revs peaking in the Mar24Q, the set-up... More

Uber Inc. (UBER) PT Lowered to $100 at Jefferies

May 8, 2024 4:09 PM EDT

Jefferies analyst John Colantuoni lowered the price target on Uber Inc. (NYSE: UBER) to $100.00 (from $103.00) while maintaining a Buy rating.

The analyst comments "UBER delivered another EBITDA beat/raise and broadly matched elevated buy-side expectations. We would attribute today's weakness to a... More

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

May 8, 2024 7:14 AM EDT

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

Uber (UBER) reports Q1 loss, gross bookings miss expectations

May 8, 2024 7:12 AM EDT

Uber (NYSE: UBER) stock tumbled Wednesday after the company posted a quarterly loss, below expectations, and missed quarterly bookings estimates.

Uber reported a first-quarter loss of ($0.32) per share. This was $0.54 worse than the analyst estimate of a profit of $0.22 per share. Meanwhile,... More

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

May 8, 2024 7:05 AM EDT

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

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

May 8, 2024 6:40 AM EDT

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

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

May 8, 2024 6:14 AM EDT

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