Midday movers: Eli Lilly, Robinhood and Zillow rise; Warner Bros, Fastly, Bumble fall

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Restaurant Brands International (QSR) PT Lowered to $77 at Stifel

August 12, 2024 3:47 PM EDT

Stifel analyst Chris O\'Cull lowered the price target on Restaurant Brands International (NYSE: QSR) to $77.00 (from $80.00) while maintaining a Hold rating.

The analyst comments "Our View: QSR reported strength at Tims Canada, offset by softer results in its U.S.-based... More

Robinhood Markets (HOOD) PT Raised to $32 at BofA Securities

August 12, 2024 6:59 AM EDT

BofA Securities analyst Craig Siegenthaler raised the price target on Robinhood Markets (NASDAQ: HOOD) to $32.00 (from $28.00) while maintaining a Buy rating.

The analyst comments "HOOD reported better-than-expected EPS of $0.21 (vs. $0.16 BofAe/$0.15 cons) driven by record trading volumes and strong margin lending partially mitigated by... More

Zillow Group (ZG) PT Raised to $55 at Susquehanna

August 12, 2024 6:53 AM EDT

Susquehanna analyst Shyam Patil raised the price target on Zillow Group (NASDAQ: ZG) to $55.00 (from $42.00) while maintaining a Neutral rating.

The analyst comments "Adjusting estimates and raising price target to $55 (from $42). Based on the results and guide, we are raising our 2024... More

Monster Beverage (MNST) PT Lowered to $50 at Roth/MKM

August 12, 2024 5:07 AM EDT

Roth/MKM analyst Sean McGowan lowered the price target on Monster Beverage (NASDAQ: MNST) to $50.00 (from $56.00) while maintaining a Neutral rating.

The analyst comments "MNST's 2Q results showed a miss on revenue and AEBITDA driven by industrywide weakness within energy drinks and alcohol... More

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

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

August 9, 2024 5:56 AM EDT

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

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

Datadog (DDOG) PT Lowered to $135 at Stifel

August 8, 2024 11:55 AM EDT

Stifel analyst Brad Reback lowered the price target on Datadog (NASDAQ: DDOG) to $135.00 (from $140.00) while maintaining a Buy rating.

The analyst comments "Consistent with our preview, Datadog posted upside in-line with recent trends (3-4%), driven by existing customer usage growth that... 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