Tech Titans on the Rise: Carvana, Intel, Oracle Lead Market Surge with Bold Moves
Monday, Sep 16, 2024 6:30 pm ET
1min read 1. Carvana (NYSE: CVNA)
Carvana surged by 7.61%. Carvana's 2024 interim report shows $64.71 billion revenue. Evercore ISI maintains an In-Line rating, raising the price target to $157.00. Stephens & Co. initiates coverage with an Overweight rating, targeting $190.00. JMP Securities reiterates Outperform, setting a $200.00 target.
2. Intel (Nasdaq: INTC)
Intel surged by 6.36%. Intel customizes AI chips for Amazon, implements cost-cutting and chip manufacturing measures, and delays German, Polish, and Malaysian projects. Additionally, Intel receives up to $30 billion from the Biden administration for a secure enclave plan, supporting domestic semiconductor supply.
3. Oracle (NYSE: ORCL)
Oracle gained solidly by 5.15%. Oracle reported Q1 2025 revenue of $13.307 billion, up 6.86% year-over-year, with net income of $2.929 billion. Melius Research upgraded Oracle to Buy. Jefferies maintained a Buy rating, raising its price target to $190. CEO Larry Ellison discussed AI GPU acquisition plans.
4. Vistrarp. (NYSE: VST)
Vistrarp. gained solidly by 4.52%. Vistra achieved $68.99 billion revenue for the first half of 2024, down 9.39% year-over-year. Jefferies initiated Vistra coverage with a "Buy" rating and a $99 target, while Morgan Stanley maintained an "Overweight" rating, raising the target to $110.
5. Rocketmpanies (NYSE: RKT)
Rocketmpanies gained solidly by 3.85%. UBS maintains sell rating on Rocket Companies, setting a $14.00 target. Insider transactions disclosed in September involve sales by executives Noah A. Edwards and Krishna Varun. Wedbush gives a neutral rating with an $18.00 target, while B of A Securities rates underperform, targeting $14.00.
Carvana surged by 7.61%. Carvana's 2024 interim report shows $64.71 billion revenue. Evercore ISI maintains an In-Line rating, raising the price target to $157.00. Stephens & Co. initiates coverage with an Overweight rating, targeting $190.00. JMP Securities reiterates Outperform, setting a $200.00 target.
2. Intel (Nasdaq: INTC)
Intel surged by 6.36%. Intel customizes AI chips for Amazon, implements cost-cutting and chip manufacturing measures, and delays German, Polish, and Malaysian projects. Additionally, Intel receives up to $30 billion from the Biden administration for a secure enclave plan, supporting domestic semiconductor supply.
3. Oracle (NYSE: ORCL)
Oracle gained solidly by 5.15%. Oracle reported Q1 2025 revenue of $13.307 billion, up 6.86% year-over-year, with net income of $2.929 billion. Melius Research upgraded Oracle to Buy. Jefferies maintained a Buy rating, raising its price target to $190. CEO Larry Ellison discussed AI GPU acquisition plans.
4. Vistrarp. (NYSE: VST)
Vistrarp. gained solidly by 4.52%. Vistra achieved $68.99 billion revenue for the first half of 2024, down 9.39% year-over-year. Jefferies initiated Vistra coverage with a "Buy" rating and a $99 target, while Morgan Stanley maintained an "Overweight" rating, raising the target to $110.
5. Rocketmpanies (NYSE: RKT)
Rocketmpanies gained solidly by 3.85%. UBS maintains sell rating on Rocket Companies, setting a $14.00 target. Insider transactions disclosed in September involve sales by executives Noah A. Edwards and Krishna Varun. Wedbush gives a neutral rating with an $18.00 target, while B of A Securities rates underperform, targeting $14.00.
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