Investing News
© Reuters. On Wednesday, UBS maintained a Buy rating on Flywire (NASDAQ:FLYW), a leading provider of global payment and receivables solutions, and increased the price target to $34.00 from the previous $33.00. This adjustment follows Flywire’s announcement of strong fourth-quarter performance, surpassing key performance indicators (KPIs) such as volume, revenue less ancillary services, adjusted gross … Read more
© Reuters. On Wednesday, UBS adjusted its outlook on Cracker Barrel (NASDAQ:), reducing the price target on the company’s shares to $75 from the previous $82 while maintaining a Neutral rating. The adjustment follows Cracker Barrel’s second-quarter financial results and commentary, which continued to show challenged traffic patterns and ongoing margin difficulties. However, the company’s … Read more
© Reuters. Myriad Genetics (NASDAQ:) has reported a positive financial outlook in their fourth quarter and full year 2023 earnings call, with an 11% increase in total revenue compared to the previous year. The company achieved positive adjusted earnings per share (EPS) and operating cash flow in Q4 and raised their revenue guidance for 2024. … Read more
© Reuters. Alignment Healthcare (ALHC) has released its fourth-quarter 2023 earnings, showing a significant revenue increase and a positive outlook for future growth and profitability. The company, a provider of Medicare Advantage plans, reported a 29% year-over-year (YoY) growth in total revenue for the quarter, reaching $465 million, with a full-year revenue of $1.82 billion, … Read more
© Reuters. On Wednesday, Sonos Inc . (NASDAQ:) saw its stock price target increased by Jefferies to $25 from the previous $22, while the firm maintained a Buy rating on the stock. This adjustment comes as the company gears up to introduce a new product category in the second half of 2024. The decision by … Read more
© Reuters. On Wednesday, Barclays initiated coverage on shares of Weatherford International plc (NASDAQ:) with an Overweight rating and set a price target of $135. The company, which experienced rapid growth in the past, faced challenges that led to bankruptcy due to insufficient controls, excessive spending, and poor execution. Since its reorganization in 2019, Weatherford … Read more
© Reuters. MannKind Corporation (NASDAQ:) has reported a significant increase in revenue and net income for the fourth quarter of 2023, signaling a robust financial standing and promising prospects for the future. The company’s CEO, Michael Castagna, outlined a strategic plan for 2024, which includes the production of over 25 million doses and devices, and … Read more
© Reuters Baidu (BIDU) shares slip after Q4 revenue miss Baidu (NASDAQ:) shares slipped more than 1.3% in premarket trading Wednesday after the Chinese internet giant reported worse-than-expected FQ4 revenue. Earnings per share (EPS) was reported at RMB21.86, topping the consensus expectations of RMB17.58. Revenue came in at RMB34.95 billion, missing the projected RMB35.14 billion. … Read more
© Reuters Investing.com — Shares in cryptocurrency-related companies jumped in premarket U.S. trading on Wednesday after surpassed the $59,000 mark, extending a rally in the digital asset into a fifth consecutive day. By 05:22 ET (10:22 GMT), the price of Bitcoin had risen by 4.6% to $59,202.5, placing the world’s most popular cryptocurrency within touching distance … Read more
© Reuters Investing.com – It’s hardly surprising that stocks are currently taking a breather, according to Barclays, given stretched market technicals/sentiment. But overall positioning is not over-extended and bullishness is not widespread outside of Wall Street and the tech sector, suggesting there’s room for European equities to outperform. Regional equity flows remain heavily tilted towards … Read more