Stock Surge Highlights: Applovins Astonishing Profit Spike and Market Optimism
Generated by AI AgentAinvest Market Brief
Thursday, Nov 7, 2024 1:05 pm ET1min read
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1. Applovin (Nasdaq: APP)
Applovin surged by 44.73%. Applovin's 2024 Q3 revenue reached $33.36 billion, with cumulative net profit up 431.54% year-on-year. Benchmark set a sell rating and $66 target, while BTIG, Wells Fargo, and Stifel maintain buy ratings with targets of $202, $200, and $185, respectively.
2. Mckesson (NYSE: MCK)
Mckesson surged by 11.24%. McKesson receives Outperform ratings from Evercore ISI Group with a target price of $680 and from Baird with $688. Deutsche Bank maintains a Buy rating, lowering the target to $579, while Leerink Partners maintains Outperform, adjusting the target to $630.
3. Hubspot (NYSE: HUBS)
Hubspot surged by 9.84%. Piper Sandler downgraded Hubspot's rating to neutral with a target price of $640. Hubspot reported Q3 2024 revenue of $19.24 billion and reduced net loss by 99.77%. Evercore ISI maintains an in-line rating, while Needham reiterates a buy rating.
4. Vistrarp. (NYSE: VST)
Vistrarp. surged by 8.43%. Vistra reported $68.99 billion in revenue for H1 2024, down 9.39% year-on-year. BMO Capital and UBS maintain outperform and buy ratings, targeting $147.00 and $150.00 respectively. JP Morgan initiates with overweight at $178.00, Guggenheim targets $177.00.
5. Take-Two Interactive Software (Nasdaq: TTWO)
Take-Two Interactive Software surged by 6.29%. Take-Two Interactive will report its second quarter financial results for fiscal 2025 after market close on November 6, 2024. JP Morgan maintains an overweight rating with a $195.00 target. Stifel and Redburn Atlantic also recommend buying, with targets of $191.00 and $194.00, respectively.
Applovin surged by 44.73%. Applovin's 2024 Q3 revenue reached $33.36 billion, with cumulative net profit up 431.54% year-on-year. Benchmark set a sell rating and $66 target, while BTIG, Wells Fargo, and Stifel maintain buy ratings with targets of $202, $200, and $185, respectively.
2. Mckesson (NYSE: MCK)
Mckesson surged by 11.24%. McKesson receives Outperform ratings from Evercore ISI Group with a target price of $680 and from Baird with $688. Deutsche Bank maintains a Buy rating, lowering the target to $579, while Leerink Partners maintains Outperform, adjusting the target to $630.
3. Hubspot (NYSE: HUBS)
Hubspot surged by 9.84%. Piper Sandler downgraded Hubspot's rating to neutral with a target price of $640. Hubspot reported Q3 2024 revenue of $19.24 billion and reduced net loss by 99.77%. Evercore ISI maintains an in-line rating, while Needham reiterates a buy rating.
4. Vistrarp. (NYSE: VST)
Vistrarp. surged by 8.43%. Vistra reported $68.99 billion in revenue for H1 2024, down 9.39% year-on-year. BMO Capital and UBS maintain outperform and buy ratings, targeting $147.00 and $150.00 respectively. JP Morgan initiates with overweight at $178.00, Guggenheim targets $177.00.
5. Take-Two Interactive Software (Nasdaq: TTWO)
Take-Two Interactive Software surged by 6.29%. Take-Two Interactive will report its second quarter financial results for fiscal 2025 after market close on November 6, 2024. JP Morgan maintains an overweight rating with a $195.00 target. Stifel and Redburn Atlantic also recommend buying, with targets of $191.00 and $194.00, respectively.
Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.
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