Streetbeat News

Earnings

NFLX

ROKU

TTD

Analysts have provided positive ratings and price forecasts for The Trade Desk, Inc. (NASDAQ:TTD) following its second-quarter financial results, citing strong growth potential amid CTV expansion and a stable digital ad market. The stock is trading higher by 12.3% to $99.14.

Portfolio Pulse from Nabaparna Bhattacharya

August 09, 2024 | 7:16 pm

CAVA

CAVA Group, Inc. (NYSE:CAVA) shares are moving significantly higher on Friday, trading on higher-than-average volume and trending on social media. Investors are anticipating the company's upcoming second-quarter earnings report on August 22, 2024. Sweetgreen Inc. (NYSE:SG) shares are also trading higher after reporting better-than-expected second-quarter revenue results.

Portfolio Pulse from Vaishali Prayag

August 09, 2024 | 7:07 pm

WOLF

Financial giants have shown a bullish interest in Wolfspeed (NYSE:WOLF) through unusual options activity. Analysis reveals 55% bullish and 33% bearish trades, with significant call and put options. The stock is currently down 8.6% at $12.91, and experts have set an average target price of $18.0. The next earnings report is due in 12 days.

Portfolio Pulse from Benzinga Insights

August 09, 2024 | 7:01 pm

DOCS

Doximity, Inc. (NYSE:DOCS) shares surged over 35% after reporting better-than-expected Q1 FY2024 financial results, including a 17% YoY revenue increase to $126.68 million and adjusted EPS of 28 cents. The company also issued strong revenue guidance for Q2 and FY2024, leading to several analyst upgrades and price target increases.

Portfolio Pulse from Vaishali Prayag

August 09, 2024 | 6:57 pm

MSFT

PLTR

Palantir Technologies Inc. (NYSE:PLTR) shares are trading higher following a strong Q2 earnings report, strategic partnerships with Wendy's QSCC and Microsoft Corp. (NASDAQ:MSFT), and positive analyst outlooks.

Portfolio Pulse from Vaishali Prayag

August 09, 2024 | 6:53 pm

ANTX

BLND

DOCS

ITI

MMAT

VEV

U.S. stocks traded mixed with the Nasdaq Composite gaining over 50 points. Crude oil prices rose, and the number of active U.S. oil rigs increased by three. Blend Labs, Doximity, and Iteris shares surged following positive financial results and acquisition news, while AN2 Therapeutics, Vicinity Motor, and Meta Materials saw significant declines due to negative developments.

Portfolio Pulse from Avi Kapoor

August 09, 2024 | 6:38 pm

TTWO

Take-Two Interactive Software, Inc (NASDAQ:TTWO) stock is trading higher following mixed fiscal Q1 2025 results. Analysts from Goldman Sachs, Wedbush, Stifel, and Benchmark have maintained positive ratings and increased price targets, driven by optimism around the company's game pipeline, including GTA VI, and growth in mobile gaming. TTWO shares rose by 2.86% to $142.75.

Portfolio Pulse from Anusuya Lahiri

August 09, 2024 | 6:32 pm

NRDY

Nerdy, Inc. (NYSE:NRDY) reported worse-than-expected Q2 revenue, leading to a significant drop in share price and multiple analyst downgrades. The company also lowered its FY24 revenue outlook.

Portfolio Pulse from Avi Kapoor

August 09, 2024 | 6:27 pm

CCOI

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) reported a Q2 loss of 68 cents per share, beating the analyst consensus estimate of a $1.25 loss per share. However, quarterly sales of $260.4 million missed the consensus estimate of $264.445 million. Following the earnings announcement, Goldman Sachs and TD Cowen raised their price targets for CCOI. The stock gained 2.7% to trade at $70.64 on Friday.

Portfolio Pulse from Avi Kapoor

August 09, 2024 | 6:17 pm

AKAM

Akamai Technologies (NASDAQ:AKAM) reported strong Q2 earnings, beating analyst estimates on both EPS and sales. The company raised its FY24 adjusted EPS guidance and tightened its sales guidance. Analysts have increased their price targets for Akamai following the earnings announcement.

Portfolio Pulse from Avi Kapoor

August 09, 2024 | 6:09 pm