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Stocks on the Rise: Big Gains for MSTR, TEAM, DFS, and More

AInvestFriday, Oct 4, 2024 6:30 pm ET
1min read
1. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated surged by 8.02%. MicroStrategy has been active in financial markets, planning to issue $8.75 billion in convertible notes. TD Cowen maintains a Buy rating with a $200 target, while Canaccord Genuity sets it at $173. Barclays initiated coverage with an Overweight rating, targeting $146.

2. Atlassian (Nasdaq: TEAM)
Atlassian surged by 6.58%. Atlassian disclosures show significant insider trading activity with major shareholders like Scott Farquhar and Michael Cannon-Brookes selling shares in late September. Raymond James upgrades Atlassian to "Outperform" with a $200 target, and Oppenheimer reiterates its "Outperform" rating.

3. Discover Financial Services (NYSE: DFS)
Discover Financial Services surged by 6.25%. Discover Financial Services reported a 1.66% drop in net income for the first half of fiscal 2024, with earnings of $18.38 billion. The company sold a student loan portfolio for $10.8 billion to a consortium led by Carlyle and KKR. Barclays maintains a "hold" rating with a target of $137.

4. Trip Group Limited (Nasdaq: TCOM)
Trip Group Limited gained solidly by 5.88%. Trip.com experienced a significant surge in activities during the national holiday, with substantial growth in hotel and tourism bookings. Analysts maintain a "buy" rating, expecting a strong performance in the third quarter, driven by AI integration and opportunities in international and domestic markets.

5. Capital One Financial (NYSE: COF)
Capital One Financial gained solidly by 5.67%. Citigroup has initiated coverage on Capital One with a Buy rating and a $190.00 price target. Capital One reported a 5.54% increase in revenue for the six months ending June 30, 2024. On August 6, insider Kevin S. Borgmann purchased 23,600 shares.
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.