Midday movers: PDD Holdings, NVIDIA fall; Xpeng gains
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StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Qtrex Quantum executives plan to buy up to 2M shares over 12 months
Rosenblatt Reiterates $1,300 PT and Buy on Super Micro Computer (SMCI), '25% correction seems over the top when considering the Hindenburg dynamic as old news or inaccurate'
August 28, 2024 2:05 PM EDTRosenblatt analyst Hans Mosesmann reiterated a Buy rating and $1,300.00 price target on Super Micro Computer (NASDAQ: SMCI)
The analyst comments "Thoughts on SMCI share price correction today on 10K delay based on checks. Today, Supermicro delayed the release of its 10K (due tomorrow),... More
Pinduoduo Inc. (PDD) PT Lowered to $168 at China Galaxy International, 'We expect revenue to climb 42% and non-GAAP net profit 33% yoy in 3Q24F'
August 28, 2024 12:30 PM EDTChina Galaxy International analyst Lei Yang lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $168.00 (from $242.00) while maintaining a Add rating.
The analyst comments "Total revenue rose 85.7% yoy to Rmb97.1bn in 2Q24, marginally below our forecast, mainly on slightly lower than... More
Daqo New Energy (DQ) PT Lowered to $15 at Roth/MKM
August 27, 2024 1:12 PM EDTRoth/MKM analyst Philip Shen lowered the price target on Daqo New Energy (NYSE: DQ) to $15.00 (from $23.00) while maintaining a Neutral rating.
The analyst comments "DQ delivered a Q2 miss and cut its 2024 guide as it lowered its target production utilization... More
Pinduoduo Inc. (PDD) PT Lowered to $185 at Benchmark
August 27, 2024 7:22 AM EDTBenchmark analyst Fawne Jiang lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $185.00 (from $230.00) while maintaining a Buy rating.
The analyst comments "PDD faced significant pressure yesterday following its mixed 2Q24 results. While revenue fell short of consensus, profitability exceeded... More
Pinduoduo Inc. (PDD) PT Lowered to $170 at Bernstein SocGen Group
August 27, 2024 5:50 AM EDTBernstein SocGen Group analyst Robin Zhu lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $170.00 (from $235.00) while maintaining a Outperform rating.
The analyst comments "The win streak comes to a violent end. PDDs Q2 results were slightly light on top-line, while coming in-line with our estimates for core non-GAAP operating profit. Revenue of RMB97.1bn grew 85.7% year on year. Non-GAAP operating profit of RMB35.0bn beat consensus (RMB31.1bn) by 12.5%. 29% Online Marketing Services revenue growth likely drove the reaction in PDDs shares,... More
Wells Fargo Reiterates Equal Weight Rating on Broadcom Limited (AVGO)
August 27, 2024 5:37 AM EDTWells Fargo analyst Aaron Rakers reiterated an Equal Weight rating and $170.00 price target on Broadcom Limited (NASDAQ: AVGO)
The analyst comments "Custom AI Momentum Remains Key Focus: We see investor sentiment as reflecting expectation that AVGO would (again) raise its... More
Pinduoduo Inc. (PDD) PT Lowered to $170 at BofA Securities
August 27, 2024 5:36 AM EDTBofA Securities analyst Joyce Ju lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $170.00 (from $206.00) while maintaining a Buy rating.
The analyst comments "PDD reported mixed results in 2Q24. While 2Q earnings continue to show much more solid momentum than the industry and peers, mgmt.s tone on growth and profit outlook for 2H24 and beyond are very conservative. Co. sees... More
NVIDIA (NVDA) PT Raised to $145 at Truist Securities
August 27, 2024 5:28 AM EDTTruist Securities analyst William Stein raised the price target on NVIDIA (NASDAQ: NVDA) to $145.00 (from $140.00) while maintaining a Buy rating.
The analyst comments "Fundamental and sentimental factors appear to be still improving. Ahead of NVDA's CQ2 (July), our regular dialog with component buyers &... More
Daqo New Energy (DQ) PT Lowered to $34.05 at Jefferies
August 26, 2024 1:38 PM EDTJefferies analyst Johnson Wan lowered the price target on Daqo New Energy (NYSE: DQ) to $34.05 (from $38.40) while maintaining a Buy rating.
The analyst comments "DQ reported 2Q24 Net Loss of ($120m), vs NP of $16/104m in 1Q24/2Q23, missing mkt est... More
Pinduoduo Inc. (PDD) PT Lowered to $151 at Jefferies
August 26, 2024 12:31 PM EDTJefferies analyst Thomas Chong lowered the price target on Pinduoduo Inc. (NASDAQ: PDD) to $151.00 (from $193.00) while maintaining a Buy rating.
The analyst comments "Key takeaways from conference call: (1) PDD saw a number of new challenges which include (a) changing consumer demand, (b) domestic competition and (c) global environment; (2) PDD is co-operating with brands and quality merchants on... More
BMO Capital Reiterates Market Perform Rating on SolarEdge Technologies (SEDG) Following CEO Transition
August 26, 2024 9:07 AM EDTBMO Capital analyst Ameet Thakkar reiterated a Market Perform rating and $24.00 price target on SolarEdge Technologies (NASDAQ: SEDG).
The analyst comments "SEDG announces management changes as market trough continues; not too surprising. SEDG announced its current CEO Zvi Lando is stepping down with outgoing CFO Ronen Faier succeeding him as interim CEO, effective today. SEDG shares have been under meaningful pressure the last several months as its share price is down ~82% from year-ago levels as the company's quarterly revenues have... More
Truist Securities Reiterates Hold Rating on SolarEdge Technologies (SEDG) Following CEO Transition
August 26, 2024 8:58 AM EDTTruist Securities analyst Jordan Levy reiterated a Hold rating and $20.00 price target on SolarEdge Technologies (NASDAQ: SEDG).
The analyst comments "Early this morning, SolarEdge (SEDG, Hold) announced a leadership transition plan following the news that CEO Zvi Lando has stepped down, with... More
