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Business

CWEB Business News BioAffinity Technologies Faces Financial Hurdles Despite Strong Revenue Growth for CyPath Lung

bioAffinity Technologies (NASDAQ: BIAF), a leader in innovative diagnostic solutions, has reported a 62% year-over-year revenue increase for its flagship product, CyPath Lung, in...

CWEB Business News BMO Capital Sets $375 Price Target for Constellation Energy (CEG), Highlighting Strong Growth Potential

James Thalacker, an analyst at BMO Capital, has reaffirmed confidence in Constellation Energy (NASDAQ: CEG) with a price target of $375, signaling a potential...

Bank of America Securities Updates Outlook on NIO Inc. 

Bank of America Securities sets a Neutral rating for Nio with a price target of $5.90, reflecting a cautious yet steady perspective on the electric...

Gap Inc. Faces a Downward Price Revision by UBS Amidst Operational Optimism

Jay Sole of UBS has revised the price target for Gap Inc. to $9, indicating a bearish outlook despite the stock's current trading price...

DraftKings Inc. Maintains Buy Rating from Needham Amid Market Volatility

Needham reiterates its Buy rating on DraftKings, highlighting the company's resilience and potential for growth despite recent market challenges. The impact of legislative changes in...

Triumph Group, Inc. Downgraded by Cowen & Co.

Cowen & Co. downgraded Triumph Group's from a "Buy" to a "Hold" rating, reflecting concerns about the aerospace component manufacturer's future performance. Despite a notable...

Dell Technologies Receives New Price Target from Loop Capital Markets

Ananda Baruah of Loop Capital Markets has set a new price target for Dell Technologies at $185, indicating a potential upside of about 15.5%. Dell's stock...

DuPont Earns an Upgrade at Citi

Citi analysts upgraded DuPont (NYSE:DD) to Buy from Neutral, raising their price target to $95 from $85. The analysts noted that DuPont shares had...

Apple’s iPhone Discounts Squeeze Chinese Competitors, Jefferies Reports

Jefferies analysts believe that Apple's (NASDAQ:AAPL) recent iPhone discounts have created significant pricing pressure on local brands in China. The investment firm noted that substantial...

Microsoft’s Rating Maintained at Buy Following Microsoft Build Event

Citi analysts reiterated their Buy rating and a $495 price target for Microsoft (NASDAQ:MSFT) stock following their attendance at the Microsoft Build event. The...

iBio Started With a Buy Rating at Chardan Capital

Chardan Capital Markets analysts initiated coverage on iBio (NYSE:IBIO) with a Buy rating and a price target of $5, noting they see significant potential...

Viking Initiated With Overweight at JPMorgan

JPMorgan analysts started coverage on Viking Holdings (NYSE:VIK) with an Overweight rating and a price target of $34 on the stock. The analysts highlighted Viking...

Boeing’s Overweight Rating Reaffirmed at JPMorgan

JPMorgan analysts reaffirmed their Overweight rating and a price target of $210 for Boeing (NYSE:BA) stock. The analysts adjusted the free cash flow (FCF)...

Elon Musk’s AI company value reaches $24 billion as investors add funds to xAI, CWEB reports

Elon Musk's (TSLA) backed artificial intelligence company, xAI, has received additional funding of $6 billion from Silicon Valley venture capitalists and a Saudi Arabian...

BOX Inc. Gears Up for Quarterly Earnings Amid Strategic Board Appointment

BOX Inc. is set to release its quarterly earnings report on Tuesday, May 28, 2024, with Wall Street expecting an EPS of $0.36 and...

The Buckle, Inc. Q1 Earnings Report: A Closer Look

The Buckle, Inc. reported Q1 earnings per share (EPS) of $0.69, missing the expected $0.74. Revenue for the period was $262.48 million, slightly below the...

IBM’s Buy Rating Maintained at BofA

BofA Securities analysts reaffirmed their Buy rating and a $209 price target for IBM (NYSE:IBM) stock. The analysts attended IBM's Think 2024 event in...

Ralph Lauren’s Price Target Boosted at TD Cowen

TD Cowen analysts increased their price target for Ralph Lauren (NYSE:RL) from $197 to $202 while maintaining a Buy rating on the stock. The analysts...

Morgan Stanley Remains Bullish on Trip.com

Morgan Stanley analysts reaffirmed their Overweight rating and a $64 price target for Trip.com Group (NASDAQ:TCOM), noting that the valuation is more appealing in...

Lions Gate Entertainment Corp. (NYSE:LGF-B) Reports Challenging Quarter

Lions Gate Entertainment Corp. (NYSE:LGF-B) disclosed an earnings per share (EPS) of -$0.22, missing expectations. The company's revenue was $879.9 million, below the anticipated $1.097...

HEICO Corporation (NYSE:HEI) Quarterly Earnings Report Preview

Analysts have revised HEICO's EPS estimate upwards to $0.80, indicating a 5.3% increase year over year and reflecting a positive outlook on the company's...

Luna Innovations Incorporated (NASDAQ: LUNA) Quarterly Earnings Preview Amid Legal Challenges

Luna Innovations Incorporated is set to release its quarterly earnings with an EPS expectation of $0.02 and projected revenue of $36.78 million. The company faces...

CWEB curates deals on jewelry, electronics, razors, water bottle at Walmart Memorial Day 2024 for web fans

CWEB curates jewelry, razors, water bottles, electronics, outdoor summer items, and other merchandise that are deeply discounted at Walmart during holiday sales. The deep...

CWEB curates deals from Amazon Memorial Day sale for web fans, jewelry, razors, water bottles, more

CWEB has curated some of the best deals offered by Amazon (AMZN) for its web fans on Memorial Day. Many deals are available online...

CWEB analyzes Nvidia blockbuster quarter report, share price increase, stock split, analysts reaffirms Buy

Nvidia (NVDA) released its first quarter fiscal report and the results were exceptional. The company reported a huge profit and revenue in the quarter....

Market Update: Sharp Declines in Stock Prices Highlight Volatile Nature of the Market

Verastem, Inc. saw a dramatic decrease in stock price by 65.11% but rebounded 57% post-market after announcing promising pancreatic cancer study results. Applied UV, Inc....

Recent Market Movements Highlight Impressive Stock Price Increases

Innovative Eyewear, Inc. reported a 150% increase in units sold and a 165% increase in revenue, driving its stock price up. Nuburu, Inc. saw its stock...

Borr Drilling Limited Q1 Earnings Report: A Mixed Financial Outcome

Earnings per Share (EPS) came in at $0.06, missing the anticipated $0.15, indicating a mixed financial performance. Despite the EPS miss, revenue reached approximately $227.5...

Stephens Upgrades Guardant Health Inc. to Buy

Stephens upgraded Guardant Health to Buy from Hold, following a strong FDA panel recommendation for its colon cancer screening test, Shield. The FDA panel's endorsement...

Booz Allen Hamilton Holding Corporation Surpasses Fourth-Quarter Fiscal 2024 Expectations

Earnings per share (EPS) of $1.33, beating the estimated EPS of $1.23. Revenue reached approximately $2.77 billion, exceeding estimates. Net income increased by 287% year over...

Wedbush Adjusts Microsoft Corporation Price Target

Dan Ives of Wedbush has adjusted Microsoft Corporation's $275, indicating a potential downside of approximately 36.07%. Microsoft's inclusion in the Zacks Focus List highlights its...

Alphabet’s Google rolls out Google Password Manager feature, CWEB reports

Alphabet’s Google (GOOGL) has been rolling out many new features for Android users to make their lives easier. The tech giant's latest feature is...

MacroGenics Inc. Faces Challenges Amidst New Price Target and Investigation

The new price target of $9 by BTIG suggests a potential upside of approximately 94.38% from its current price. An ongoing investigation by Pomerantz LLP...

Intuit Inc. Surpasses Market Expectations in Q3 Earnings

Intuit Inc. reported a significant earnings beat with an EPS of $9.88 against the estimated $9.38 and revenue of $6.74 billion, surpassing forecasts. The company's strategic...

Saia Inc. Receives “Buy” Rating from Stifel Nicolaus with a Price Target of $475

Stifel Nicolaus upgrades to "Buy" with a price target of $475, indicating a potential upside of approximately 24.92%. Saia's strategic expansion, including the opening of a...

Workday Inc. Surpasses Market Expectations in Q1 Fiscal Year 2025 Earnings

Workday Inc. reported earnings per share (EPS) of $1.74, exceeding the estimated EPS of $1.58. The company's revenue for the quarter was approximately $1.99 billion,...

HireRight Holdings Corporation’s Financial Update and Legal Challenges

HireRight Holdings Corporation reported an EPS of -$0.05259, missing the expected EPS of $0.21, with revenue at $173.2 million. The company is facing significant legal...

Deckers Outdoor Corporation Surpasses Earnings and Revenue Estimates

Earnings Per Share (EPS) of $4.95, significantly exceeding the estimated Zacks Consensus Estimate. Revenue reported at approximately $959.76 million, surpassing forecasts and indicating a strong...

Sono-Tek Corporation’s Fiscal Year 2024 Financial Results

Revenue of approximately $4.77 million slightly missed expectations, indicating a moment of reflection for investors. The company reported an EPS of $0.01, aligning with estimates...

Euroseas Ltd. Q1 2024 Financial Performance Review

Euroseas Ltd. reported an EPS of $2.87 for Q1 2024, missing the anticipated $3.02 but showcasing strong revenue growth. The company's revenue for the quarter...

Monro, Inc. Q4 Earnings Report Highlights Challenges and Market Pressures

Earnings per share (EPS) of $0.12 missed the estimated $0.34, and revenue of $310.08 million fell short of expectations. The company experienced an earnings surprise...

Wells Fargo Updates on Booz Allen Hamilton 

Wells Fargo has updated Booz Allen Hamilton to Equal-Weight, indicating a hold position at a price of $152.36. Booz Allen Hamilton's significant role in government tech...

Titan Machinery Inc. Faces Financial Shortfalls in Q1 Earnings

Earnings per share (EPS) of $0.42 missed the estimated $0.67, reflecting significant financial pressures. Revenue of approximately $628.7 million fell short of the expected $661.73...

Endava Receives New Price Target from Redburn Partners

Harry Read of Redburn Partners sets a new price target for Endava at $33.1, indicating a potential upside of 6.84%. Endava's Q3 2024 Earnings Conference...

Boeing Stock Plunges 7 percent on China Delivery Halt

Boeing (NYSE:BA) has recently stopped delivering aircraft to China due to a request from the country's aviation regulator for additional certification documentation. This documentation...

BJ’s Wholesale Price Target Increased at BofA After Q1 Report

BofA Securities analysts raised their price target for BJ's Wholesale (NYSE:BJ) to $95 from $90 while maintaining a Buy rating, after the company reported...

Deckers Shares Jump 9 percent on Q4 Beat

Deckers Brands (NYSE:DECK) reported a substantial earnings beat for its fourth fiscal quarter, sending its shares up by nearly 9% in pre-market today. The...

Intuit Shares Drop 6 percent Despite Strong Q3 Results & Outlook

Intuit raised its full-year guidance after reporting fiscal third-quarter results that exceeded expectations. Despite this, Intuit (NASDAQ:INTU) saw its stock drop by over 6%...

Ross Stores Shares Surge 8 percent Following Q1 Beat

Ross Stores (NASDAQ:ROST) shares rose more than 8% pre-market today after the company reported first-quarter earnings per share (EPS) of $1.46, surpassing the analyst...

Workday Stock Plunges 12 percent on Weak Guidance

Workday (NASDAQ:WDAY) reported first-quarter earnings that surpassed analyst expectations, with an adjusted EPS of $1.74, $0.15 higher than the consensus estimate of $1.59. Revenue...
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