Midday movers: Uber, Rivian, Twilio fall; Reddit and Arista rise
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StreetInsider.com Top Tickers, 6/11/2026
- Wall St set to gain on tech rebound, Middle East in focus
- Oracle results beat estimates, but shares fall on plans for $40 billion raise
- Oil drops as Trump cancels planned strikes against Iran
- Intel rallies as BofA double-upgrades stock on increased CPU, foundry visibility
- Oppenheimer sees little strategic case for Tesla-SpaceX merger
- Needham Starts Hyliion Holdings (HYLN) at Buy
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Pentagon reportedly locked down, hazmat teams responding
- Alibaba falls on China AI capex report; Citi says selloff is premature
- Crude Inventory Fell 7.2 Million Barrels Last Week, Says EIA
Uber Inc. (UBER) PT Lowered to $80 at RBC Capital
May 9, 2024 6:39 AM EDTRBC 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
Shopify (SHOP) PT Lowered to $85 at RBC Capital
May 9, 2024 6:34 AM EDTRBC Capital analyst Paul Treiber lowered the price target on Shopify (NYSE: SHOP) to $85.00 (from $100.00) while maintaining a Outperform rating.
The analyst comments "Shopify's shares dropped 19% today as Q2 guidance calls for lower than expected margins due to new investments and less than... More
Uber Inc. (UBER) PT Lowered to $87 at BofA Securities
May 9, 2024 6:08 AM EDTBofA 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
Shopify (SHOP) PT Lowered to $78 at BofA Securities
May 9, 2024 6:07 AM EDTBofA Securities analyst Brad Sills lowered the price target on Shopify (NYSE: SHOP) to $78.00 (from $92.00) while maintaining a Neutral rating.
The analyst comments "Macro pressures to Shopifys GMV do not appear to be improving. With lower-margin payments business continues to pressure gross margin,... More
Shopify (SHOP) PT Lowered to $80 at Deutsche Bank
May 9, 2024 5:15 AM EDTDeutsche Bank analyst Bhavin Shah lowered the price target on Shopify (NYSE: SHOP) to $80.00 (from $95.00) while maintaining a Buy rating.
The analyst comments "Shopifys 1Q results highlight how strong merchant migrations, particularly within Shopify Plus, is enabling the company to outpace overall ecommerce... More
Piper Sandler Upgrades Shopify (SHOP) to Neutral
May 9, 2024 4:55 AM EDTPiper Sandler analyst Michael Olson upgraded Shopify (NYSE: SHOP) from Underweight to Neutral with a price target of $63.00.
The analyst comments "Even with our negative bias on FY24 profits, we were surprised to see Q1 non-GAAP OpEx of $761M (+13%... More
Electronic Arts (EA) PT Lowered to $150 at Deutsche Bank
May 8, 2024 4:23 PM EDTDeutsche 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
Uber Inc. (UBER) PT Lowered to $100 at Jefferies
May 8, 2024 4:09 PM EDTJefferies 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
Lyft (LYFT) PT Raised to $18 at JPMorgan
May 8, 2024 4:03 PM EDTJPMorgan 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
Shopify (SHOP) PT Lowered to $77 at Roth/MKM
May 8, 2024 12:59 PM EDTRoth/MKM analyst Darren Aftahi lowered the price target on Shopify (NYSE: SHOP) to $77.00 (from $89.00) while maintaining a Buy rating.
The analyst comments "Trends across SHOPs non-core businesses remained strong in 1Q, including payments, offline GMV, and international. Changes in marketing... More
US prosecutors examining whether Tesla committed securities, wire fraud - Reuters
May 8, 2024 10:43 AM EDTUS prosecutors are assessing whether Tesla (NASDAQ: TSLA) committed securities or wire fraud by misleading investors about electric vehicles self-driving capabilities, according to a report from Reuters on Wednesday..
The publication, citing three people familiar with the matter, said that even... More
