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

AInvestThursday, Nov 7, 2024 5:30 pm ET
1min read
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.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.