Midday movers: Apple, Oracle, Zillow rise; Rubrik falls

Momentum 'too good to ignore' in this stock

Wells Fargo analysts remain bullish on a convenience store stock despite acknowledging a stretched valuation, citing the company's impressive momentum and strong execution.

In a note, the firm said Casey's General Stores' (NASDAQ: CASY) momentum is "too good to ignore." The firm maintained an Overweight rating on the stock, lifting the target to $415 from $340, highlighting several factors supporting their bullish rating.

"CASY's FQ4 underscored strong... More

Morgan Stanley on Tesla (TSLA): 'He’s back'

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $310.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Hes back. Tesla investors can now expect Elon Musk to remain CEO of the company. We expect he will be present on the 2Q conference call and that Tesla will go forward with hosting a robotaxi event in Austin on... More

Casey's General Stores (CASY) PT Raised to $405 at Evercore ISI

Evercore ISI analyst Michael Montani raised the price target on Casey's General Stores (NASDAQ: CASY) to $405.00 (from $370.00) while maintaining a Outperform rating.

The analyst comments "Caseys is leaning into its crave worthy prepared meals at a compelling value in light of relatively aggressive pricing taken by key QSR... More

Microsoft (MSFT) PT Raised to $550 at Tigress Financial Partners

Tigress Financial Partners analyst Ivan Feinseth raised the price target on Microsoft (NASDAQ: MSFT) to $550.00 while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating on MSFT and increase our 12-month target price to $550 as it is increasingly positioned to lead the AI revolution through the ongoing integration of generative AI functionality throughout its software stack and product portfolio. AI cloud integration and the ramp-up of AI-enabled product offerings fueled another quarter of near-record revenue and record operating results. MSFT recently reported Q3 2024 revenue increased 17% Y/Y to a near-record $61.9... More

Morgan Stanley Comments on Elon Musk Tweet Re: Tesla (TSLA) Vote

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $310.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "According to the WSJ, Tesla CEO Elon Musk posted on X that preliminary voting results indicate both major shareholder resolutions to ratify Musk's 2018 compensation package and reincorporate the company in Texas are "currently passing by... More

Mizuho: Apple Pay users favor Affirm, survey shows

A survey by Mizuho reveals that Affirm Holdings (NASDAQ: AFRM) is the preferred Buy-Now, Pay-Later (BNPL) service among Apple (NASDAQ: AAPL) Pay users, potentially providing insights into Apple's recent partnership with the company.

"The survey shows that Affirm is the most popular BNPL service amongst Apple Pay users, with 44% of respondents using AFRM," says Mizuho. The... More

Casey's General Stores (CASY) PT Raised to $415 at Wells Fargo

Wells Fargo analyst Anthony Bonadio raised the price target on Casey's General Stores (NASDAQ: CASY) to $415.00 (from $340.00) while maintaining a Overweight rating.

The analyst comments "Hard to Knock Standout FQ4 Beat: CASY delivered an impressive 34% ($0.59/sh) FQ4 EPS beat, with... More

Casey's General Stores (CASY) PT Raised to $420 at Deutsche Bank

Deutsche Bank analyst Paul Trussell raised the price target on Casey's General Stores (NASDAQ: CASY) to $420.00 (from $375.00) while maintaining a Buy rating.

The analyst comments "CASY delivered knockout 4Q results with particular strength in fuel profitability and prepared foods, and the FY25 outlook points to continued business momentum. In... More

Casey's General Stores (CASY) PT Raised to $445 at Jefferies

Jefferies analyst Corey Tarlowe raised the price target on Casey's General Stores (NASDAQ: CASY) to $445.00 (from $342.00) while maintaining a Buy rating.

The analyst comments "CASY reported strong top- and bottom-line results, with 4Q revenue, adjusted EBITDA, and EPS beating Street ests. GM across... More

Rubrik Inc (RBRK) PT Raised to $47 at Citi

Citi analyst Fatima Boolani raised the price target on Rubrik Inc (NYSE: RBRK) to $47.00 (from $46.00) while maintaining a Buy rating.

The analyst comments "RBRKs inaugural public company print featured all the right ingredients to buttress execution credibility, reinforce our positive... More