Market Movers: Roblox and Carvana Lead the Charge with Impressive Q3 Surges!

Generated by AI AgentAinvest Market Brief
Thursday, Oct 31, 2024 6:30 pm ET1min read
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1. Roblox (NYSE: RBLX)
Roblox surged by 19.85%. Roblox's third-quarter fiscal 2024 bookings exceeded expectations, reaching $1.1 billion with a 34% year-over-year increase, leading to a raised annual revenue forecast. Raymond James maintains a strong buy rating and raises the price target to $60. Wedbush and JP Morgan also reaffirm favorable ratings.

2. Carvana (NYSE: CVNA)
Carvana surged by 19.23%. Carvana released its Q3 fiscal 2024 results, with revenue at $101.26 billion, up 21.31% yearly. JMP Securities, Baird, and Evercore ISI updated ratings and price targets: Market Outperform at $320, Neutral at $240, and In-Line at $190 respectively.

3. Entergy (NYSE: ETR)
Entergy surged by 15.14%. Entergy will report its Q3 2024 financial results on October 31. Analysts maintain positive ratings with adjusted price targets: KeyBanc at $143, BMO Capital and RBC Capital at $140, and Barclays at $137.

4. Ametek (NYSE: AME)
Ametek surged by 8.58%. Ametek reported its Third Quarter fiscal 2024 results on October 31, 2024. Mizuho and Truist Securities maintain positive ratings with target prices of $190 and $219 respectively, while TD Cowen downgraded Ametek to sell. Internal transactions were disclosed on September 26, 2024.

5. Altria Group (NYSE: MO)
Altria Group surged by 7.83%. Altria Group reported Third Quarter fiscal 2024 results with significant analyst attention. B of A Securities maintains a neutral rating, adjusting the price target to $53.00, while Citigroup and Barclays also adjust targets, reflecting varied analyst sentiment.

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

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