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Today's Top Stories | | By Thomas Hughes | October 31, 2024 09:46 AM |
| | | By The Associated Press | October 30, 2024 10:36 PM |
| | By Gabriel Osorio-Mazilli | October 31, 2024 08:15 AM |
| | | By The Associated Press | October 30, 2024 10:08 PM |
| | By Ryan Hasson | October 31, 2024 08:00 AM |
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Your Watchlist | | | - No Headlines, Ratings, Earnings Results, Dividends, Insider Trades, Options Activity, Company Press Releases or Headlines Today
| - Meta Platforms (NASDAQ:META) announced its quarterly results on Wednesday, October 30th. The company reported $6.03 earnings per share (EPS) for the previous quarter, beating the consensus estimate of $5.19 EPS by $0.84. The company had revenue of $40.59 billion for the quarter, compared to the consensus estimate of $40.21 billion. Meta Platforms also updated its Q4 2024 guidance to EPS.
- Meta Platforms (NASDAQ:META) had its price target raised by Pivotal Research (
  ) (analyst J. Wlodarczak) from $780.00 to $800.00. They now have a "buy" rating on the stock. This represents a 39.4% upside from the current price of $573.96. - Meta Platforms (NASDAQ:META) had its "buy" rating reaffirmed by analysts at Rosenblatt Securities ( ). They now have a $811.00 price target on the stock. This represents a 41.3% upside from the current price of $573.96.
- Meta Platforms (NASDAQ:META) had its price target raised by Monness Crespi & Hardt ( ) (analyst B. White) from $620.00 to $660.00. They now have a "buy" rating on the stock. This represents a 15.0% upside from the current price of $573.96.
- Meta Platforms (NASDAQ:META) had its price target raised by analysts at Bank of America Co. ( ) from $630.00 to $660.00. They now have a "buy" rating on the stock. This represents a 15.0% upside from the current price of $573.96.
- Meta Platforms (NASDAQ:META) had its price target raised by analysts at BMO Capital Markets ( ) from $525.00 to $530.00. They now have a "market perform" rating on the stock. This represents a 7.7% downside from the current price of $573.96.
- Meta Platforms (NASDAQ:META) had its price target raised by analysts at Robert W. Baird ( ) from $605.00 to $630.00. They now have an "outperform" rating on the stock. This represents a 9.8% upside from the current price of $573.96.
- Meta Platforms (NASDAQ:META) had its price target raised by analysts at Mizuho ( ) from $650.00 to $675.00. They now have an "outperform" rating on the stock. This represents a 17.6% upside from the current price of $573.96.
- Meta Platforms (NASDAQ:META) had its price target raised by analysts at Piper Sandler ( ) from $575.00 to $650.00. They now have an "overweight" rating on the stock. This represents a 13.2% upside from the current price of $573.96.
- Meta Platforms (NASDAQ:META) had its price target raised by analysts at Barclays PLC ( ) from $550.00 to $630.00. They now have an "overweight" rating on the stock. This represents a 9.8% upside from the current price of $573.96.
- Meta Platforms (NASDAQ:META) had its price target raised by analysts at JPMorgan Chase & Co. ( ) from $640.00 to $660.00. They now have an "overweight" rating on the stock. This represents a 15.0% upside from the current price of $573.96.
- Meta Platforms (NASDAQ:META) had its price target lowered by Scotiabank ( ) (analyst N. Schindler) from $585.00 to $583.00. They now have a "sector perform" rating on the stock. This represents a 1.6% upside from the current price of $573.96.
- Meta Platforms (NASDAQ:META) had its "underperform" rating reaffirmed by analysts at Needham & Company LLC ( ).The current price is $573.96.
- (10/31) Mizuho Issues Positive Forecast for Meta Platforms (NASDAQ:META) Stock Price (marketbeat.com)
- (10/31) Meta targets raised as analysts hail ad growth, bat off light forecast (proactiveinvestors.com)
- (10/31) How 2 Big Tech Titans Are Faring After Earnings (schaeffersresearch.com)
- (10/31) Meta Platforms (NASDAQ:META) Receives "Underperform" Rating from Needham & Company LLC (marketbeat.com)
- (10/31) Microsoft, Meta Platforms Drag Down Nasdaq Futures: Markets Wrap (yahoo.com)
| - Microsoft (NASDAQ:MSFT) announced its quarterly results after the market closed on Wednesday, October 30th. The company reported $3.30 earnings per share (EPS) for the previous quarter, beating the consensus estimate of $3.08 EPS by $0.22. The company had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. During the same quarter in the prior year, the company posted $2.99 earnings per share. The company's quarterly revenue was up 16.0% on a year-over-year basis. Microsoft also updated its Q2 2025 guidance to EPS. View earnings release. View earnings call transcript.
- Microsoft's (NASDAQ:MSFT) earnings call transcript is now available on MarketBeat. Read the transcript here.
- Microsoft (NASDAQ:MSFT) had its price target lowered by analysts at TD Cowen ( ) from $495.00 to $475.00. They now have a "buy" rating on the stock. This represents a 15.9% upside from the current price of $410.00.
- Microsoft (NASDAQ:MSFT) had its price target lowered by analysts at BMO Capital Markets ( ) from $500.00 to $495.00. They now have an "outperform" rating on the stock. This represents a 20.7% upside from the current price of $410.00.
- Microsoft (NASDAQ:MSFT) had its "overweight" rating reaffirmed by analysts at Piper Sandler ( ). They now have a $470.00 price target on the stock. This represents a 14.6% upside from the current price of $410.00.
- Microsoft (NASDAQ:MSFT) had its price target raised by analysts at Morgan Stanley ( ) from $506.00 to $548.00. They now have an "overweight" rating on the stock. This represents a 33.7% upside from the current price of $410.00.
- (10/31) Microsoft (NASDAQ:MSFT) Given New $475.00 Price Target at TD Cowen (marketbeat.com)
- (10/31) Microsoft Can Hit New All-Time Highs This Year - Here's Why (marketbeat.com)
- (10/31) How 2 Big Tech Titans Are Faring After Earnings (schaeffersresearch.com)
- (10/31) Microsoft (MSFT) Faces $1.5 Billion Loss From OpenAI Investment (gurufocus.com)
- (10/31) Microsoft and Meta's Earnings Underscore AI Investment Concerns (gurufocus.com)
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Analysts' Upgrades | | Banc of California (NYSE:BANC) was upgraded by analysts at Barclays PLC from an "equal weight" rating to an "overweight" rating. They now have a $18.00 price target on the stock, up previously from $17.00. This represents a 15.6% upside from the current price of $15.57. | | Danaher (NYSE:DHR) was upgraded by analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating. They now have a $285.00 price target on the stock. This represents a 15.6% upside from the current price of $246.57. | | Electronic Arts (NASDAQ:EA) was upgraded by analysts at DZ Bank AG from a "hold" rating to a "buy" rating. They now have a $177.00 price target on the stock, up previously from $135.00. This represents a 18.3% upside from the current price of $149.57. | | Alphabet (NASDAQ:GOOGL) was upgraded by analysts at China Renaissance from a "hold" rating to a "buy" rating.The current price is $173.88. | | KLA (NASDAQ:KLAC) was upgraded by analysts at Oppenheimer Holdings Inc. from a "market perform" rating to an "outperform" rating. They now have a $850.00 price target on the stock, up previously from $750.00. This represents a 26.8% upside from the current price of $670.28. | | L3Harris Technologies (NYSE:LHX) was upgraded by analysts at Bank of America Co. from a "neutral" rating to a "buy" rating. They now have a $300.00 price target on the stock, up previously from $240.00. This represents a 21.8% upside from the current price of $246.36. | | Meritage Homes (NYSE:MTH) was upgraded by analysts at The Goldman Sachs Group, Inc. from a "neutral" rating to a "buy" rating. They now have a $235.00 price target on the stock, up previously from $205.00. This represents a 30.7% upside from the current price of $179.86. | | Envista (NYSE:NVST) was upgraded by analysts at Leerink Partners from an "underperform" rating to a "market perform" rating. They now have a $23.00 price target on the stock, up previously from $16.00. This represents a 7.0% upside from the current price of $21.49. | | Omega Healthcare Investors (NYSE:OHI) was upgraded by analysts at BNP Paribas from a "neutral" rating to an "outperform" rating. They now have a $49.00 price target on the stock. This represents a 12.9% upside from the current price of $43.40. | | OneSpan (NASDAQ:OSPN) was upgraded by analysts at Sidoti from a "neutral" rating to a "buy" rating. They now have a $19.00 price target on the stock, up previously from $14.00. This represents a 12.9% upside from the current price of $16.83. | | Remitly Global (NASDAQ:RELY) was upgraded by analysts at Wells Fargo & Company from an "underweight" rating to an "equal weight" rating. They now have a $18.00 price target on the stock, up previously from $13.00. This represents a 0.3% upside from the current price of $17.94. | | Regions Financial (NYSE:RF) was upgraded by analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating. They now have a $28.00 price target on the stock, up previously from $27.00. This represents a 16.3% upside from the current price of $24.07. | | Smurfit Westrock (NYSE:SW) was upgraded by analysts at Royal Bank of Canada from a "sector perform" rating to an "outperform" rating. They now have a $58.00 price target on the stock, up previously from $52.00. This represents a 11.9% upside from the current price of $51.82. | | Valley National Bancorp (NASDAQ:VLY) was upgraded by analysts at Barclays PLC from an "underweight" rating to an "equal weight" rating. They now have a $10.00 price target on the stock, up previously from $9.00. This represents a 5.9% upside from the current price of $9.44. | | Wingstop (NASDAQ:WING) was upgraded by analysts at BTIG Research from a "neutral" rating to a "buy" rating. They now have a $370.00 price target on the stock. This represents a 24.9% upside from the current price of $296.31. | | Wingstop (NASDAQ:WING) was upgraded by analysts at Benchmark Co. from a "hold" rating to a "buy" rating. They now have a $340.00 price target on the stock. This represents a 14.7% upside from the current price of $296.31. |
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Analysts' Downgrades | | ARM (NASDAQ:ARM) was downgraded by analysts at Sanford C. Bernstein from a "market perform" rating to an "underperform" rating. They now have a $100.00 price target on the stock. This represents a 29.3% downside from the current price of $141.40. | | Biogen (NASDAQ:BIIB) was downgraded by analysts at Morgan Stanley from an "overweight" rating to an "equal weight" rating. They now have a $204.00 price target on the stock, down previously from $285.00. This represents a 16.4% upside from the current price of $175.23. | | Blackbaud (NASDAQ:BLKB) was downgraded by analysts at Robert W. Baird from an "outperform" rating to a "neutral" rating. They now have a $80.00 price target on the stock, down previously from $92.00. This represents a 6.8% upside from the current price of $74.92. | | Brinker International (NYSE:EAT) was downgraded by analysts at BMO Capital Markets from an "outperform" rating to a "market perform" rating. They now have a $105.00 price target on the stock, up previously from $80.00. This represents a 0.5% upside from the current price of $104.45. | | Brinker International (NYSE:EAT) was downgraded by analysts at JPMorgan Chase & Co. from an "overweight" rating to a "neutral" rating. They now have a $100.00 price target on the stock, up previously from $67.00. This represents a 4.3% downside from the current price of $104.45. | | Estée Lauder Companies (NYSE:EL) was downgraded by analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating. They now have a $125.00 price target on the stock. This represents a 74.2% upside from the current price of $71.75. | | Estée Lauder Companies (NYSE:EL) was downgraded by analysts at Citigroup Inc. from a "buy" rating to a "neutral" rating. They now have a $80.00 price target on the stock, down previously from $105.00. This represents a 11.5% upside from the current price of $71.75. | | Enovix (NASDAQ:ENVX) was downgraded by analysts at Janney Montgomery Scott from a "buy" rating to a "neutral" rating. They now have a $10.00 price target on the stock. This represents a 10.5% upside from the current price of $9.05. | | First Interstate BancSystem (NASDAQ:FIBK) was downgraded by analysts at Barclays PLC from an "equal weight" rating to an "underweight" rating. They now have a $30.00 price target on the stock, down previously from $32.00. This represents a 3.8% downside from the current price of $31.18. | | GSK (NYSE:GSK) was downgraded by analysts at Guggenheim from a "buy" rating to a "neutral" rating.The current price is $36.28. | | Kraft Heinz (NASDAQ:KHC) was downgraded by analysts at Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating. They now have a $35.00 price target on the stock, down previously from $39.00. This represents a 4.4% upside from the current price of $33.52. | | Option Care Health (NASDAQ:OPCH) was downgraded by analysts at Jefferies Financial Group Inc. from a "buy" rating to a "hold" rating. They now have a $26.00 price target on the stock, down previously from $38.00. This represents a 11.9% upside from the current price of $23.23. | | Super Micro Computer (NASDAQ:SMCI) was downgraded by analysts at Argus from a "buy" rating to a "hold" rating.The current price is $27.56. | | TE Connectivity (NYSE:TEL) was downgraded by analysts at HSBC Holdings plc from a "hold" rating to a "reduce" rating. They now have a $137.00 price target on the stock. This represents a 7.9% downside from the current price of $148.71. | | Trane Technologies (NYSE:TT) was downgraded by analysts at HSBC Holdings plc from a "buy" rating to a "hold" rating. They now have a $405.00 price target on the stock. This represents a 10.3% upside from the current price of $367.07. | | WillScot Mobile Mini (NASDAQ:WSC) was downgraded by analysts at Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating. They now have a $35.00 price target on the stock, down previously from $46.00. This represents a 5.6% upside from the current price of $33.15. |
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Analysts' New Coverage | | Alumis (NASDAQ:ALMS) is now covered by analysts at Robert W. Baird. They set an "outperform" rating and a $25.00 price target on the stock. This represents a 118.3% upside from the current price of $11.45. | | Braze (NASDAQ:BRZE) is now covered by analysts at Macquarie. They set a "neutral" rating and a $30.00 price target on the stock. This represents a 5.2% downside from the current price of $31.63. | | CEMIG (NYSE:CIG) is now covered by analysts at Scotiabank. They set a "sector perform" rating on the stock.The current price is $1.94. | | Intensity Therapeutics, Inc. Common stock (NASDAQ:INTS) is now covered by analysts at HC Wainwright. They set a "buy" rating and a $5.00 price target on the stock. This represents a 63.9% upside from the current price of $3.05. | | Klaviyo (NYSE:KVYO) is now covered by analysts at Macquarie. They set a "neutral" rating and a $36.00 price target on the stock. This represents a 5.2% downside from the current price of $37.97. | | MDxHealth (NASDAQ:MDXH) is now covered by analysts at Lake Street Capital. They set a "buy" rating and a $7.00 price target on the stock. This represents a 236.5% upside from the current price of $2.08. | | ORIC Pharmaceuticals (NASDAQ:ORIC) is now covered by analysts at Wells Fargo & Company. They set an "overweight" rating and a $20.00 price target on the stock. This represents a 109.0% upside from the current price of $9.57. | | Terns Pharmaceuticals (NASDAQ:TERN) is now covered by analysts at Oppenheimer Holdings Inc.. They set an "outperform" rating and a $82.00 price target on the stock. This represents a 1100.6% upside from the current price of $6.83. | | Vanda Pharmaceuticals (NASDAQ:VNDA) is now covered by analysts at HC Wainwright. They set a "buy" rating and a $18.00 price target on the stock. This represents a 287.1% upside from the current price of $4.65. |
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