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Palantir pact will allow Microsoft to increase the pace of AI implementation: Wedbush

A recent partnership between Palantir (NYSE: PLTR) and Microsoft (NASDAQ: MSFT) is poised to significantly accelerate the adoption of artificial intelligence (AI) within U.S. government agencies, according to a note from Wedbush analysts.

The collaboration aims to develop an integrated technology suite that combines Palantir's AI-driven tools with Microsoft's secure cloud infrastructure, particularly for the Defense and Intelligence Community.

Wedbush explains that the partnership will enable Palantir to launch its... More

Susquehanna Downgrades Bumble Inc. (BMBL) to Neutral

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

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

Eli Lilly (LLY) PT Raised to $1,150 at BofA Securities

BofA Securities analyst Geoff Meacham raised the price target on Eli Lilly (NYSE: LLY) to $1,150.00 (from $1,000.00) while maintaining a Buy rating.

The analyst comments "LLY shares traded with strength today (+9.5%; DRG index: +4%) following the continued outperformance from Lillys incretin portfolio, including Mounjaro (Type 2 diabetes) and Zepbound (obesity). Importantly, given managements... More

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

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

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

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

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

BTIG Downgrades Bumble Inc. (BMBL) to Neutral

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