Applovin Leads Market Rally with 46% Surge and Stellar Revenue Growth

Generated by AI AgentAinvest Market Brief
Thursday, Nov 7, 2024 5:30 pm ET1min read
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1. Applovin (Nasdaq: APP)
Applovin surged by 46.27%. Applovin reported 2024 Q3 revenues of $33.36 billion with a net profit growth of 431.54% year-over-year. BTIG, Wells Fargo, and Stifel all have buy ratings, with target prices set at $202, $200, and $185 respectively. Benchmark rates Applovin as sell with a $66 target.

2. Mckesson (NYSE: MCK)
Mckesson surged by 10.69%. McKesson's ratings remain strong, with Evercore ISI, Baird, and Leerink Partners maintaining "outperform" ratings, with varied target prices of $680, $688, and $630, respectively. McKesson declared a dividend of $0.7100 per share, payable December 2, 2024.

3. Hubspot (NYSE: HUBS)
Hubspot surged by 7.69%. Piper Sandler downgraded Hubspot to neutral with a target price of $640.00, while Evercore ISI Group maintained an in-line rating with a $700.00 target. Hubspot's Q3 revenue reached $19.24 billion, with a significantly reduced net loss, and insider transactions were disclosed.

4. Vistrarp. (NYSE: VST)
Vistrarp. surged by 7.68%. Vistra's 2024 mid-year report showed revenue of $68.99 billion, a 9.39% decrease year-on-year. BMO Capital, UBS, JP Morgan, and Guggenheim maintain positive ratings, with target prices set at $147, $150, $178, and $177 respectively.

5. Take-Two Interactive Software (Nasdaq: TTWO)
Take-Two Interactive Software surged by 7.53%. Take-Two Interactive will report its second quarter financial results for fiscal 2025 on November 6, 2024, after the market closes. JP Morgan maintains an overweight rating for the company with a price target of $195. Stifel and Redburn Atlantic rate it a buy.

Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.

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