After-hours movers: Warner Bros, Zillow, AppLovin, Monster Beverage

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Susquehanna Downgrades Bumble Inc. (BMBL) to Neutral

August 9, 2024 6:12 AM EDT

Susquehanna analyst Shyam Patil downgraded Bumble Inc. (NASDAQ: BMBL) from Positive to Neutral with a price target of $6.00 (from $14.00).

The analyst comments "Our thoughts. We are downgrading BMBL to Neutral, as the company is once again revamping its strategy and focus... More

Citi Downgrades Bumble Inc. (BMBL) to Neutral, Removes 30-Day Negative Catalyst Call

August 9, 2024 6:11 AM EDT

Citi analyst Ygal Arounian downgraded Bumble Inc. (NASDAQ: BMBL) from Buy to Neutral with a price target of $6.00 (from $12.00).

The analyst comments "We downgrade BMBL shares to Neutral from Buy after a disappointing outlook stemming from a total rebuild of the... More

Warner Brothers Discovery (WBD) PT Lowered to $8 at JPMorgan

August 9, 2024 5:45 AM EDT

JPMorgan analyst Philip Cusick lowered the price target on Warner Brothers Discovery (NASDAQ: WBD) to $8.00 (from $10.00) while maintaining a Neutral rating.

The analyst comments "We update Warner Bros Discovery estimates following 2Q24 results. Similar to last quarter, WBD did not provide full-year EBITDA or FCF guidance on the call, though did once again reiterate expectations for profitability at DTC in 2024 and $1b+ of segment EBITDA in 2025. We now forecast 2024 total company EBITDA of $9.250b (vs. $9.72b... More

Guggenheim Upgrades Dutch Bros Inc. (BROS) to Buy

August 8, 2024 2:51 PM EDT

Guggenheim analyst Gregory Francfort upgraded Dutch Bros Inc. (NYSE: BROS) from Neutral to Buy with a price target of $36.00.

The analyst comments "We are upgrading Dutch Bros to Buy from Neutral and maintaining our price target of $36 (~20% upside to the current share... More

Goldman Sachs Reiterates Buy Rating on Monster Beverage (MNST)

August 8, 2024 9:28 AM EDT

Goldman Sachs analyst Bonnie Herzog reiterated a Buy rating and $63.00 price target on Monster Beverage (NASDAQ: MNST).

The analyst comments "Our View - We maintain our Buy rating on MNST despite a disappointing Q2 that caught most by surprise. Expectations heading into MNST's Q2 print had pulled back, the result of a slowdown in US... More

Bumble Inc. (BMBL) PT Lowered to $10 at Loop Capital

August 8, 2024 7:19 AM EDT

Loop Capital analyst Laura Champine lowered the price target on Bumble Inc. (NASDAQ: BMBL) to $10.00 (from $15.00) while maintaining a Buy rating.

The analyst comments "We are reiterating our Buy rating but cutting our price target on Bumble from $15 to $10 today. We're cutting our... More

Citi Downgrades Bumble Inc. (BMBL) to Neutral

August 8, 2024 7:13 AM EDT

Citi analyst Ygal Arounian downgraded Bumble Inc. (NASDAQ: BMBL) from Buy to Neutral with a price target of $6.00 (from $12.00).

The analyst comments "We downgrade BMBL shares to Neutral from Buy after a disappointing outlook stemming from a total rebuild of the... More

Beyond Meat Inc. (BYND) PT Lowered to $6 at Jefferies

August 8, 2024 7:02 AM EDT

Jefferies analyst Kaumil Gajrawala lowered the price target on Beyond Meat Inc. (NASDAQ: BYND) to $6.00 (from $8.00) while maintaining a Hold rating.

The analyst comments "Innovation and marketing have laid the foundation for a sales recovery, but it is early. Guidance didn't change,... More

BTIG Downgrades Bumble Inc. (BMBL) to Neutral

August 8, 2024 6:43 AM EDT

BTIG analyst Jake Fuller downgraded Bumble Inc. (NASDAQ: BMBL) from Buy to Neutral.

The analyst comments "We downgrade BMBL from Buy to Neutral with a deep cut to estimates with Bumble app payers and revenue expected to go negative in 2H. As we learned... More

Bumble Inc. (BMBL) PT Lowered to $8 at RBC Capital

August 8, 2024 6:19 AM EDT

RBC Capital analyst Brad Erickson lowered the price target on Bumble Inc. (NASDAQ: BMBL) to $8.00 (from $16.00) while maintaining a Outperform rating.

The analyst comments "To say BMBL had a tough qtr would be an understatement. Through a combination of top-of-funnel softness and self-inflicted... More

Monster Beverage (MNST) PT Lowered to $60 at Jefferies

August 8, 2024 5:53 AM EDT

Jefferies analyst Kaumil Gajrawala lowered the price target on Monster Beverage (NASDAQ: MNST) to $60.00 (from $61.00) while maintaining a Buy rating.

The analyst comments "2Q was worse than feared. Sales came in at 2.5%, 6.4pp below expectations, and EPS missed by 9%. It... More

Evercore ISI Downgrades Bumble Inc. (BMBL) to In Line

August 8, 2024 5:16 AM EDT

Evercore ISI analyst Mark Mahaney downgraded Bumble Inc. (NASDAQ: BMBL) from Outperform to In Line with a price target of $8.00 (from $18.00).

The analyst comments "We are downgrading BMBL to In-Line with $8 PT in the wake of a Modest Miss & Materially Lower Q2 EPS result. Q2... More

Bumble Inc. (BMBL) PT Lowered to $7 at Wolfe Research

August 8, 2024 5:03 AM EDT

Wolfe Research analyst Shweta Khajuria lowered the price target on Bumble Inc. (NASDAQ: BMBL) to $7.00 (from $14.00) while maintaining a Outperform rating.

The analyst comments "Our OP rating is based on our belief that the company's new leadership team is taking the right actions on... More