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NASDAQ
Page 10 of NASDAQ news, latest stories & analysis
Plug Power unveils leasing platform: innovation or desperation?
Plug Power intends to solve its liquidity issues by leveraging its healthy asset base. How long will it help the company stay relevant?
September 19, 2024
JPMorgan downgrades Five Below stock to ‘Underweight’: will FIVE keep falling?
JPMorgan downgraded Five Below Inc. (NASDAQ: FIVE) from Neutral to Underweight on Thursday, citing concerns over its recent performance and challenges anticipated in the coming year.Despite the downgrade, JPMorgan raised its price target from $89 to $95, reflecting 18 times the 2026 EPS estimate.According to analyst Matthew Boss, the company’s…
September 19, 2024
Citi raises AppLovin (APP) price target to $160: can it hit the mark?
On September 19, 2024, Citi analysts raised their price target on AppLovin (NASDAQ: APP) to $155 from $110, citing the company’s strong growth potential and dominance in mobile gaming software.This represents a nearly 25% upside from the current stock price, which has already surged over 200% year-to-date.The new target was…
September 19, 2024
Piper Sandler slashes Five9 price target to $35: Should you sell?
Yesterday, Piper Sandler maintained its Overweight rating on Five9 (NASDAQ: FIVN) but slashed the price target to $35 from $47, signaling concerns over the company’s ability to execute amidst economic challenges.This new target implies a modest 22% upside from Five9’s current price, a sharp drop from prior expectations.The adjustment follows…
September 19, 2024
Super Micro Computer stock could reach $600 despite ongoing short-seller attacks: Needham
Even though the short-seller attack has caused the stock to go down over 50% in 3 months, the fundamentals remain strong with solid growth through 2026.
September 18, 2024
Needham lowers Workday price target to $300: Is WDAY stock still a buy?
Needham analysts have lowered their price target for Workday (NASDAQ: WDAY) from $350 to $300 while maintaining a Buy rating.Despite this downward adjustment, the new target still represents a potential upside of 23%.This price cut followed Workday’s recent annual customer conference and analyst day, where management outlined ambitious growth plans…
September 18, 2024
Intuitive Machines stock soars 50% on $5 billion NASA deal: Is It too late to invest?
Intuitive Machines Inc (NASDAQ: LUNR) saw a dramatic 50% surge in its stock price today following the announcement of a groundbreaking $5 billion space network contract with NASA. This major deal, signed on Wednesday, represents a significant boost for the space exploration company and highlights its growing role in space…
September 18, 2024
Why is Talkspace stock (TALK) surging today?
Talkspace Inc (NASDAQ: TALK) saw its stock jump over 12% in premarket trading today, following the announcement of a significant partnership with Amazon Health Services.The online mental health care provider will now offer its services through Amazon’s platform, greatly expanding its reach to potential clients.This collaboration makes Talkspace the first…
September 17, 2024
China’s new chipmaking machines: can they compete with Western tech?
China claims to have made significant progress in making its own lithography machines. We take a look at how their tech stacks up against their western counterparts.
September 16, 2024
How iPhone 16’s weak pre-orders could be a buying opportunity for Apple stock
Apple's weak iPhone 16 pre orders are largely due to lack of AI features. These features are likely to improve through the holiday season helping the company recoup any losses.
September 16, 2024
Wedbush upgrades Zillow to ‘Outperform’ with $80 price target: should you buy?
Zillow Group, Inc. (NASDAQ: Z) saw a notable upgrade today from Wedbush, with the investment firm raising its rating to “Outperform” from “Neutral” and significantly increasing its price target to $80 from the previous $50.The upgrade is driven by Wedbush’s confidence in Zillow’s Software & Services (S&S) initiatives, which have…
September 16, 2024
Sprouts Farmers Market receives ‘Outperform’ upgrade from Evercore ISI amid strong growth prospects
On Monday, September 16, 2024, Evercore ISI upgraded Sprouts Farmers Market Inc. (NASDAQ: SFM) to an “Outperform” rating, signaling confidence in the company’s growth trajectory. The upgrade followed an in-depth meeting with Sprouts’ CEO Jack Sinclair and CFO Curtis Valentine. Evercore ISI analyst Michael Montani cited several positive factors driving…
September 16, 2024
Meta resumes AI training using public social media data, testing UK regulators
META Platforms will restart its AI training initiative that uses UK users'' public data to train its models. The UK regulators are keeping a close eye on the issue.
September 13, 2024
Adobe’s lowered guidance raises fears of AI bubble, echoes dot-com crash
Adobe beat analyst expectations for its Q3 results but a lower guidance has raised the question of the company's ability to turn AI investments into increased revenue.
September 13, 2024
Fulcrum Therapeutics stock tanks after Phase 3 trial failure of muscular dystrophy drug
Fulcrum Therapeutics Inc. (NASDAQ: FULC) saw its stock plunge 65% on Thursday after announcing that its late-stage trial for losmapimod, a treatment for facioscapulohumeral muscular dystrophy (FSHD), failed to meet its primary endpoint. This significant setback has led the biotech company to halt further development of the drug for FSHD,…
September 12, 2024
Why is Moderna’s stock crashing today? Here’s what we know
Moderna Inc. (NASDAQ: MRNA) saw its stock plunge more than 14% on Thursday, following the company’s announcement of significant cuts to its annual research and development (R&D) expenses.The biotech giant revealed plans to slash its R&D budget by $1.1 billion starting in 2027, reducing annual expenditure from $4.8 billion in…
September 12, 2024
Arm Holdings is Morgan Stanley’s new top pick: should you buy?
Analysts at Morgan Stanley just elevated Arm Holdings (NASDAQ: ARM) to their top large-cap pick, highlighting a strong belief in Arm’s growth prospects, particularly in mobile recovery and emerging edge AI opportunities.Morgan Stanley maintained an Overweight rating with a $175 price target, reflecting their confidence in Arm’s ability to capitalize…
September 11, 2024
Amazon’s ‘Saver’ grocery brand threatens low-end retailers: here’s why
Amazon's 'Saver' brand targets items priced under $5 in a move that threatens the very existence of low end retailers.
September 10, 2024
Is Apple falling behind Huawei in the AI race?
Apple's AI features won't be available in China. The company faces a big battle in offering its OpenAI collaboration features to Chinese public.
September 10, 2024
US markets mixed as Oracle, Alphabet gain, Apple and banks slide ahead of inflation data and Trump-Harris debate
US stock markets saw mixed results on Tuesday as investors braced for crucial inflation data and a high-profile presidential debate between Vice President Kamala Harris and former President Donald Trump. With markets sensitive to any sign of future Federal Reserve policy changes, traders closely monitored these key events, which…
September 10, 2024
UK failing in global tech race, says ex-Arm CEO; calls for investor mindset shift
Britain is lagging in its efforts to commercialize technology businesses globally, according to Warren East, the former CEO of British chip design firm Arm. Speaking at Cambridge Tech Week, East highlighted how a lack of investor risk appetite and a weak capital market environment are hindering the UK’s potential to…
September 10, 2024
Costco downgraded by Redburn Atlantic over valuation concerns: should you sell?
Costco Wholesale Corporation (NASDAQ: COST) experienced a downgrade from Redburn Atlantic on Tuesday, driven primarily by concerns over the stock’s high valuation.Analyst Daniela Nedialkova, who previously rated Costco as Buy, lowered her rating to Neutral while simultaneously increasing the price target to $890 from $860.This suggests that while Costco remains…
September 10, 2024
Is Progress Software a better investment than Palantir after ShareFile acquisition?
Progress Software has just acquired ShareFile but the company announced it was suspending its dividends. The slump in share price presents a good buy opportunity in a growth stock.
September 9, 2024
DELL vs. HPE: Which offers better investment in AI servers?
DELL and HPE are a good play on the AI server market. Should you have DELL in your portfolio or HPE? Or both?
September 8, 2024
US stocks suffer worst weekly drop in over a year as economic concerns grow
US stocks endured their most significant weekly decline since March 2023, driven by weaker-than-expected economic data and cautious statements from Federal Reserve officials. The benchmark S&P 500 dropped 1.7% on Friday, bringing its total loss for the week to 4.2%. The tech-dominated Nasdaq Composite fared even worse, recording its…
September 7, 2024
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