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Business

Watch Alphabet’s Google launches Pixel 8a with AI at $499, CWEB earlier reported May launch

Alphabet Inc.’s Google (GOOGL) has launched its Pixel 8a at an affordable price of $499. CWEB had earlier reported that the tech giant was...

Will Panera discontinue Charged Lemonade and Charged Sips Drinks following lawsuits? CWEB reports

According to sources familiar with the matter, Panera Bread (PNRA) is expected to discontinue serving its Charged Lemonade and Charged Sips. The removal is...

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...

HubSpot Stock Jumps 9 percent on Alphabet’s Potential Acquisition Report

HubSpot (NYSE:HUBS) shares surged more than 9% intra-day today following a Reuters report indicating Alphabet (NASDAQ:GOOGL) is exploring the possibility of making an acquisition...

Block Shares Fall on Morgan Stanley Downgrade

Block (NYSE:SQ) shares fell more than 2% intra-day today after Morgan Stanley downgraded the company to Underweight from Equal Weight, pointing out the company's...

Trip.com’s Price Target Raised at Citi, Shares Gain 7 percent

Citi analysts increased their price target for Trip.com (NASDAQ:TCOM) to $55 from $53, maintaining their Buy rating. The company’s shares gained more than 7%...

NetEase Stock Drops Following JPMorgan’s Comments

Shares of NetEase (NASDAQ:NTES) experienced a more than 8% drop in Hong Kong trading on Tuesday, following JPMorgan's comments regarding the underwhelming debut of...

Rivian Shares Plunge on Q1 Production Miss

Rivian Automotive (NASDAQ:RIVN) reported first-quarter electric vehicle deliveries that surpassed analyst expectations. However, the company's stock dropped by more than 5% on Tuesday due...

FedEx Price Target Cut at Stifel

Stifel analysts revised FedEx (NYSE:FDX) price target to $303 from $306, maintaining a Buy rating. This adjustment follows FedEx's announcement of ending its long-standing...

Flywire’s Price Target Cut at Citi

Citi analysts adjusted their target price for Flywire Corporation (NASDAQ:FLYW) to $36 from $37, maintaining a Buy rating. Despite a significant post-Q4 gain, Flywire's...

Levi Stock Jumps 7 percent Following Q1 Results

Levi Strauss (NYSE:LEVI) updated its full-year earnings forecast upwards after announcing first-quarter results that exceeded analysts' predictions, attributing the success to an increase in...

Citi Reaffirms Shift4 Payments’ Buy Rating, Shares Gain

Citi analysts maintained their Buy rating and a price target of $92 for Shift4 Payments (NYSE:FOUR), highlighting a renewed investor interest in Shift4, sparked...

Ulta Beauty Shares Plunge 15 percent Following CEO’s Comments on Slowdown

Shares of Ulta Beauty (NASDAQ:ULTA) fell over 15% on Wednesday after CEO David Kimbell's comments at the JPMorgan Retail conference indicated a notable slowdown...

Ulta shares fall after CEO speaks of ‘slowdown’, other beauty company shares also tumble, CWEB analyzes

Ulta Beauty Inc. (ULTA) shares fell 15 percent on Wednesday at 3:51 EDT, hours after its CEO spoke of a slowdown in the beauty...

Intel shares fall 4 percent after foundry business operating loss reveal, CWEB analyzes stock

Intel shares saw a four percent decline after it revealed semiconductor manufacturing business financials on Tuesday. The reveal of losses higher than the preceding...

S&P Global revises JP Morgan Chase outlook to Positive, CWEB analysts agree

JP Morgan Chase received a Positive outlook rating from S&P Global, and CWEB analysts totally agree with the rating. The American bank has been...

Estee Lauder Gains on Citi’s Upgrade

Estee Lauder (NYSE:EL) shares gained more than 2% pre-market today after Citi analysts adjusted their rating on the company to Buy from Neutral, while...

CBRE Group’s Price Target Raised Ahead of Earnings

Evercore ISI analysts adjusted their price target for CBRE Group (NYSE:CBRE) to $104, up from $103, while maintaining an In Line rating. The analysts...

Petco Heath & Wellness Shares Drop on BofA Securities’ Double Downgrade

Petco Health and Wellness (NASDAQ:WOOF) shares fell more than 9% pre-market today after BofA Securities analysts downgraded the company from Buy to Underperform and...

NIO Shares Fall on Barclays Downgrades

NIO (NYSE:NIO) fell nearly 2% pre-market today after Barclays analysts downgraded the company to Underweight from Equalweight, reducing the price target to $4.00 from...

3M’s Price Target Cut at RBC Capital

RBC Capital analysts reduced their price target for 3M Company (NYSE:MMM) to $78 from $84 while maintaining an Underperform rating. This update follows the...

CWEB analyzes Reddit stock, describes recent IPO as over enthusiastic, calls stock over valued

Reddit offered the public, including its thousands of sub-communities, stock options on March 21 as it made its initial public offering this year. The...

USPS names UPS as primary air cargo provider, CWEB analysts raise stock value

According to a Monday announcement, United Parcel Service (UPS) will be the new primary air cargo provider for the United States Postal Service (USPS)....

InterDigital Shares Plunge 8 percent on BofA’s Double Downgrade

BofA Securities analysts downgraded InterDigital (NASDAQ:IDCC) to Underperform from Buy and slashed the price target to $100 from $140. The company’s shares plunged more...

Boeing Stock Falls 2 percent Following Analyst Downgrade

Boeing (NYSE:BA) shares fell nearly 2% intra-day today after Melius Research downgraded the company to Hold from Buy while keeping a $209 price target. The...

Nuvei to Go Private in a $6.3 Billion Deal

Nuvei (NASDAQ:NVEI) announced its agreement to go private through a buyout by Advent International, valued at about $6.3 billion. Under the terms of this all-cash...

Alphabet’s Review by Jefferies

Alphabet's (NASDAQ:GOOGL) shares have increased by 8% since the beginning of the year, trailing behind its Big Tech counterparts and the overall market. Jefferies analysts...

Apple’s Price Target Slashed at Loop Capital

Loop Capital analysts revised their 12-month price target for Apple (NASDAQ:AAPL) to $170 from $185, attributing the adjustment to diminished demand, heightened competition, and...

Are Microsoft and OpenAI building AI Supercomputer? CWEB Upgrades the Stock. $100 billion Stargate in the works, report says

Microsoft and OpenAI executives are reportedly planning to build a data center that would have a supercomputer, according to a popular outlet. The specialized...

What’s open on Easter 2024? CWEB compiles a list of stores, restaurants and services for web fans

Today is Sunday, March 31, and Easter, but you might need some retail therapy, a meal out, or to buy yourself a piece of...

Analyst upgrades Estee Lauder, shares jump 5 percent, CWEB analyzes cosmetic company stock

Estee Lauder Cos. stock jumped by 5 percent after a renowned analyst upgraded it. The cosmetic company has taken forward-looking steps to increase growth,...
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