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Business

GM shares rise premarket trading as automaker exceeds forecasts, raises outlook, CWEB analyzes stock

General Motors (GM) posted strong results on Tuesday, and its shares rose by 5 percent in premarket trading. The US automaker exceeded forecasts and...

Alphabet, Meta and Microsoft are all set to report later this week. CWEB analysts analyze the stock trend.

The tech-heavy Nasdaq 100 and the S&P 500 rose above 5,070, with the latter adding 1.5%. Nvidia Corp., the poster child of the AI...

monday.com Slashed to Neutral at Citi, Shares Drop 8 percent

monday.com (NASDAQ:MNDY) shares dropped more than 8% intra-day today after Citi's analysts downgraded the company to Neutral from Buy, adjusting their target price to...

Norfolk Southern Sees Bright Future with RBC Capital’s $270 Price Target Amid $600M Settlement

Optimistic Outlook for Norfolk Southern Corporation by RBC Capital Walter Spracklin of RBC Capital has recently provided an optimistic outlook for Norfolk Southern Corporation (NSC:NYSE),...

FactSet Research Systems Started With Underperform Rating at Wolfe

Wolfe Research's analysts started coverage on FactSet Research Systems (NYSE:FDS) with an Underperform rating, setting a price target at $430 on the stock. The analysts...

JPMorgan Analysts Remain Bullish on Apple

JPMorgan's analysts adjusted their price target for Apple (NASDAQ:AAPL) to $210 from $215, yet maintained their Overweight rating. The analysts observed that despite challenges...

Block’s Price Target Raised at Wolfe Research

Wolfe Research's analysts increased their price target for Block (NYSE:SQ) to $100 from $95, while continuing to recommend an Outperform rating. The analysts highlighted...

Nvidia stock falls 10 percent, CWEB analysts comment on stock entering correction territory

Nvidia (NVDA) stock fell 10 percent on Tuesday from its all-time closing high. The chipmaker has had a bullish run from the past year...

Slam Dunk for Alphabet’s YouTube channel Dude Perfect, gets more than $100 million in private investment

Alphabet's YouTube channel Dude Perfect scored big after a private investor based in New York agreed to give the Texas-based channel a nine-figure investment....

Alphabet’s Google announces Arm-based CPUs called Google Axion, CWEB analysts upgrade stock

Alphabet announced its latest investment in silicon, which is called Google Axion Processors. These new processors have company-registered Arm chips designed for the data...

Netflix’s Price Target Raised at Goldman Sachs Ahead of Earnings

Goldman Sachs analysts updated Netflix’s (NASDAQ:NFLX) price target to $600, up from $565, while maintaining their Neutral rating. This adjustment comes ahead of Netflix's...

Wedbush Maintains its Bullish Stance on Apple

Wedbush analysts maintained an Outperform rating and a $250 price target for Apple (NASDAQ:AAPL), highlighting a strategic perspective that focuses on navigating the challenging...

Fastly Reiterated With Overweight Rating at Piper Sandler

Piper Sandler analysts maintained their Overweight rating and a $16 price target for Fastly (NYSE:FSLY). According to the analysts, both Akamai and Fastly, being...

BMO Capital Sees Steady Upside For IBM

BMO Capital analysts maintained their Market Perform rating and a $210 price target for IBM (NYSE:IBM), suggesting that for both IBM Consulting and Software...

Cardlytics’ Price Target Raised at Needham

Needham analysts boosted their price target for Cardlytics (NASDAQ:CDLX) to $17 from $15, while keeping their Buy rating on the stock. The analysts' updated...

Perion Network Shares Drop 40 percent on Guidance Cut

Perion Network (NASDAQ:PERI) shares plummeted more than 40% yesterday following the company's preliminary results announcement, which included a lowered revenue outlook. This revision was...

Shockwave Medical to be Acquired for $13.1 Billion by Johnson & Johnson

Johnson & Johnson (NYSE:JNJ) has confirmed its acquisition of Shockwave Medical (NASDAQ:SWAV) for a $13.1 billion. For every Shockwave share, Johnson & Johnson will...

Blackstone announces approximately $10 billion AIR Communities deal, CWEB reports

Blackstone and Apartment Income REIT Corp. announced on April 8 on its site that the two companies had entered into an agreement and listed...

Shockwave Medical to be Acquired for $13.1 Billion by Johnson & Johnson

Johnson & Johnson (NYSE:JNJ) has confirmed its acquisition of Shockwave Medical (NASDAQ:SWAV) for a $13.1 billion. For every Shockwave share, Johnson & Johnson will...

Spotify’s Price Target Raised at JPMorgan Ahead of Earnings

JPMorgan analysts increased their price target on Spotify (NYSE:SPOT) to $320 from $280 while maintaining an Overweight rating. The analysts are optimistic about Spotify's...

NVIDIA Named a New Top Pick at Cantor

Cantor Fitzgerald analysts maintained their Overweight rating and a $1,200 price target on NVIDIA (NASDAQ:NVDA), highlighting the continued strong momentum in AI as a...

Anheuser-Busch InBev’s Price Target Cut at Morgan Stanley

Morgan Stanley analysts adjusted their price target for Anheuser-Busch InBev (NYSE:BUD) to $68.50 from $69.00, while still recommending an Overweight rating. Morgan Stanley's update...

Baidu’s Buy Rating Maintained at Jefferies

Jefferies analysts maintained a Buy rating and a $179 price target on Baidu (NASDAQ:BIDU), adjusting the analysis to account for recent business activities and...

Boeing Shares Drop Following Another Incident

Boeing’s (NYSE:BA) shares dipped more than 1% pre-market today following a Sunday report about a Southwest Airlines Boeing 737-800 losing an engine cowling during...

Tesla Shares Gain 2 percent on Robotaxi News, Analysts React

Tesla (NASDAQ:TSLA) stock saw a premarket rise of over 2% today following CEO Elon Musk's announcement that the company plans to unveil a "robotaxi"...

Shockwave Medical to be Acquired for $13.1 Billion by Johnson & Johnson

Johnson & Johnson (NYSE:JNJ) has confirmed its acquisition of Shockwave Medical (NASDAQ:SWAV) for a $13.1 billion. For every Shockwave share, Johnson & Johnson will...

Jefferies Bullish on Meta Platforms with a New $585 Price Target

Jefferies' Recent Update on Meta Platforms Inc. (META:NASDAQ) Jefferies' recent update on Meta Platforms Inc. (META:NASDAQ) reaffirms its belief in the company's growth potential, maintaining...

Shockwave Medical to be Acquired for $13.1 Billion by Johnson & Johnson

Johnson & Johnson (NYSE:JNJ) has confirmed its acquisition of Shockwave Medical (NASDAQ:SWAV) for a $13.1 billion. For every Shockwave share, Johnson & Johnson will...

Tesla shares rise 3 percent after Elon Musk reveals robotaxi date, web fans pour in love

Tesla shares rose by 3 percent after Elon Musk revealed on his platform when a much-anticipated project, Robotaxi, would be unveiled. The new business...

All that glitters is gold as it crosses $2300, CWEB analyzes the bullish run of gold

Gold is a precious metal that has been hitting record highs through the first few months of the year, and analysts, including those from...

Micron Mentioned as a Top Pick at Citi

Citi's analysts reaffirmed their Buy rating and a $150 target price for Micron Technology (NASDAQ:MU), highlighting it as their top pick. The analysts' confidence...

MicroStrategy’s Price Target Raised at BTIG Research

BTIG's analysts updated their price target for MicroStrategy (NASDAQ:MSTR) to $1,800 from the previous $780, continuing with a Buy rating. The substantial year-to-date surge...

CME Group Cut to Hold at Deutsche Bank

Deutsche Bank's analysts shifted their stance on CME Group (NASDAQ:CME), moving from a Buy to a Hold rating and adjusting their target price down...

Amazon Continues to be a Top Pick at Mizuho Securities

Mizuho Securities reaffirmed Amazon.com (NASDAQ:AMZN) as their Top Pick, highlighting an uptick in the AWS division's sales momentum due to more frequent executive business...

Netflix’s Price Target Increased to a Street High of $765 at Pivotal

Pivotal Research Group increased its Netflix (NASDAQ:NFLX) price target to a Street high of $765 from the previous $700, while keeping a Buy rating....

Shockwave Medical to be Acquired for $13.1 Billion by Johnson & Johnson

Johnson & Johnson (NYSE:JNJ) has confirmed its acquisition of Shockwave Medical (NASDAQ:SWAV) for a $13.1 billion. For every Shockwave share, Johnson & Johnson will...

Will Apple rise with a home robot after a Titan fall? CWEB questions

Apple is reportedly planning to build a home robot. Recently, CWEB reported that the tech giant had scrapped its Project Titan, which was supposed...

General Electric’s Monumental Transformation and New Growth Prospects

General Electric's Monumental Transformation General Electric (GE:NYSE) has recently undergone a monumental transformation, splitting into three separate entities. This strategic move marks a significant shift...

Unilever’s Strategic Restructuring Plan for Enhanced Growth

Unilever's Restructuring Plan: A Strategic Shift for Growth Shares of Unilever (NYSE:UL) have been struggling to gain momentum in the stock market, with a 13%...

Amazon Upgraded to Buy: Dash Cart System Enhances Grocery Shopping

Amazon's Strategic Shift Towards Dash Cart System: A Positive Outlook On Wednesday, April 3, 2024, Bank of America Securities upgraded its rating on Amazon (AMZN:NASDAQ)...

Insider Selling at Alight, Inc.: A Deep Dive into Financial Health and Market Position

Insider Selling at Alight, Inc. Highlights Investment Considerations On Tuesday, April 2, 2024, Rooney Katie J., an officer at Alight, Inc. (ALIT:NYSE), engaged in a...

Cisco Systems Announces Dividend – A Sign of Financial Strength

Cisco Systems, Inc. Announces Dividend, Signaling Strong Financial Health On April 3, 2024, Cisco Systems, Inc. (CSCO) announced a dividend of $0.4 per share, marking...

Raymond James Bullish on ULTA Beauty with $610 Price Target Amid Industry Slowdown

Raymond James Sets Optimistic Price Target for ULTA Beauty (ULTA:NASDAQ) On April 3, 2024, Olivia Tong from Raymond James set a significant price target of...

Acuity Brands, Inc. Reports Mixed Fiscal Q2 Earnings, Faces Stock Decline

Acuity Brands, Inc. Fiscal Second-Quarter Earnings Report On Wednesday, April 3, 2024, Acuity Brands, Inc. (AYI:NYSE) reported its fiscal second-quarter earnings, revealing a mixed financial...

Levi Strauss holiday earnings beat expectations, raises full year guidance, stock pops 18 percent, CWEB comments

Levi Strauss reported better-than-estimated holiday earnings and raised its full-year guidance, leading to an 18 percent rise in share value Wednesday after trading. CWEB...

Alphabet to acquire HubSpot, report says, CWEB analyzes Google parent’s bid

Alphabet is reportedly in talks with HubSpot about acquiring the marketing software company. HubSpot shares rose 6 percent on Thursday morning after a popular...

Reddit Started With an Underperform Rating at Bernstein

Bernstein analysts started covering Reddit (NYSE:RDDT) with an Underperform rating and set a price target at $40. The analysts expressed concern over Reddit's future...

Wayfair Gains Following Evercore ISI Upgrade

Wayfair (NYSE:W) shares rose more than 4% intra-day today after Evercore ISI analysts upgraded the company to Outperform from In Line, setting a new...

DoorDash Started With a Buy Rating at Benchmark

Benchmark analysts initiated coverage on DoorDash (NASDAQ:DASH) with a Buy rating, setting a price target of $165. The analysts’ recommendation stems from DoorDash's expanding...

Conagra Gains 5 percent After Q3 Beat

Conagra Brands (NYSE:CAG) shares rose by 5% intra-day today, following the announcement of fiscal Q3/24 results that exceeded market expectations. The company announced earnings...
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