After-hours movers: Alphabet, Flutter Entertainment, DraftKings

This is the key to Google's hardware success: Jefferies

Google's hardware success hinges on the integration of its AI system, Gemini, into its devices, according to Jefferies analysts.

Following the recent "Made by Google '24" event, Jefferies highlighted that while Google's Pixel launches were anticipated, it was Gemini's infusion into the devices that truly stole the spotlight.

"Google revamped its Assistant around Gemini," the analysts noted, describing it as "the biggest leap forward since... More

Acelyrin Inc (SLRN) PT Lowered to $6 at Citi

Citi analyst Samantha Semenkow lowered the price target on Acelyrin Inc (NASDAQ: SLRN) to $6.00 (from $8.00) while maintaining a Neutral rating.

The analyst comments "Acelyrin announced a strategic reprioritization to focus resources on development of lonigutamab (anti-IGFR1) in thyroid eye disease. The company will... More

Alphabet (GOOGL) stock slides as DOJ considers Google breakup push - Bloomberg

Alphabet (NASDAQ: GOOGL) shares are down more than 1% premarket Wednesday after Bloomberg reported that the Justice Department is considering an option to potentially break up Google.

Bloomberg, citing people with knowledge of the deliberations, said it follows a landmark court ruling that found the company monopolized the online search market.

If it went ahead, it would be Washington's first move to dismantle a company for illegal monopolization since efforts to break up Microsoft two decades ago were... More

Flutter Entertainment (FLUT) PT Raised to $249 at BTIG, Remains a Top Pick

BTIG analyst Clark Lampen raised the price target on Flutter Entertainment (NYSE: FLUT) to $249.00 (from $245.00) while maintaining a Buy rating.

The analyst comments "Yesterday post-close, Flutter reported strong 2Q24 results with Revenue and EBITDA ahead of our above-consensus expectations for both the US... More

Needham Reiterates Buy Rating on DraftKings Inc. (DKNG) Post Dinner with Mgmt

Needham analyst Bernie McTernan reiterated a Buy rating and $60.00 price target on DraftKings Inc. (NASDAQ: DKNG).

The analyst comments "Last night we hosted an investor dinner with DKNG's new CFO Alan Ellingson in his first investor facing event and Michael DeLalio, IR.... More

Truist Securities Reiterates Buy Rating on DraftKings Inc. (DKNG)

Truist Securities analyst Barry Jonas reiterated a Buy rating and $50.00 price target on DraftKings Inc. (NASDAQ: DKNG).

The analyst comments "After the close, DKNG (Buy) announced it will reverse course and not implement its recently announced OSB surcharges. The decision came after other... More