Market Surge: Applovin Revenue Soars, Uber Drives Forward with Waymo Expansion
Friday, Sep 13, 2024 6:30 pm ET
1min read 1. Applovin (Nasdaq: APP)
Applovin surged by 6.6%. Applovin's latest financial report shows a 45.9% increase in revenue, totaling $21.38 billion with $5.46 billion in net profit. BTIG, B of A Securities, and Jefferies maintain a Buy rating, adjusting price targets to $150, $120, and $108, respectively, amidst insider trading disclosures.
2. Uber Technologies (NYSE: UBER)
Uber Technologies surged by 6.45%. Uber Technologies plans to expand its partnership with Alphabet's Waymo to launch autonomous taxi services in Austin and Atlanta by 2025. Additionally, Wells Fargo maintains its Overweight rating with a target price of $97.00.
3. Arm Holdings Plc (Nasdaq: ARM)
Arm Holdings Plc gained solidly by 5.88%. Raymond James initiated coverage on Arm Holdings with an "Outperform" rating and a $160 price target. Morgan Stanley has replaced ASML with Arm Holdings as its top pick in the European semiconductor sector. Arm Holdings is advancing AI technology across various fields.
4. Ge Aerospace (NYSE: GE)
Ge Aerospace gained solidly by 5.06%. GE Aerospace received an "Outperform" rating from Bernstein with a price target of $201. Additionally, several insider transactions were disclosed recently, including sales by executives on September 3 and September 1. GE Aerospace's mid-year revenue stood at $18.048 billion, reflecting an 8% increase year-on-year.
5. Ge Vernova (NYSE: GEV)
Ge Vernova gained solidly by 4.99%. GE Vernova received multiple analyst ratings in September, with JP Morgan maintaining an "Overweight" rating at a $240 target, BMO Capital initiating "Outperform" at $245, Evercore ISI maintaining "Outperform" at $240, and Jefferies starting "Buy" at $261.
Applovin surged by 6.6%. Applovin's latest financial report shows a 45.9% increase in revenue, totaling $21.38 billion with $5.46 billion in net profit. BTIG, B of A Securities, and Jefferies maintain a Buy rating, adjusting price targets to $150, $120, and $108, respectively, amidst insider trading disclosures.
2. Uber Technologies (NYSE: UBER)
Uber Technologies surged by 6.45%. Uber Technologies plans to expand its partnership with Alphabet's Waymo to launch autonomous taxi services in Austin and Atlanta by 2025. Additionally, Wells Fargo maintains its Overweight rating with a target price of $97.00.
3. Arm Holdings Plc (Nasdaq: ARM)
Arm Holdings Plc gained solidly by 5.88%. Raymond James initiated coverage on Arm Holdings with an "Outperform" rating and a $160 price target. Morgan Stanley has replaced ASML with Arm Holdings as its top pick in the European semiconductor sector. Arm Holdings is advancing AI technology across various fields.
4. Ge Aerospace (NYSE: GE)
Ge Aerospace gained solidly by 5.06%. GE Aerospace received an "Outperform" rating from Bernstein with a price target of $201. Additionally, several insider transactions were disclosed recently, including sales by executives on September 3 and September 1. GE Aerospace's mid-year revenue stood at $18.048 billion, reflecting an 8% increase year-on-year.
5. Ge Vernova (NYSE: GEV)
Ge Vernova gained solidly by 4.99%. GE Vernova received multiple analyst ratings in September, with JP Morgan maintaining an "Overweight" rating at a $240 target, BMO Capital initiating "Outperform" at $245, Evercore ISI maintaining "Outperform" at $240, and Jefferies starting "Buy" at $261.
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