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JPMorgan Adjusts Price Target on Johnson Controls International to $162 From $158

Johnson Controls International (JCI) has an average rating of overweight and mean price target of $151.65, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $138.66, Change: $-4.48, Percent Change: -3.13%

$JCI

Wire56d ago

Earnings Flash (IBOC) International Bancshares Posts Q1 EPS $1.64, vs. FactSet Est of $1.68

$IBOC

Wire56d ago

AppLovin's Q1 Results, April Trends Show That Consumer Ads Are Gathering Momentum, Oppenheimer Says

AppLovin's (APP) better-than-expected Q1 results as well as its April ad spend rising above any peak Q4 month are strong proof that the company's consumer ads are gathering momentum, Oppenheimer said in a Thursday note.While Q2 is structurally the weakest quarter for the company, Oppenheimer said is expects consumer ads to further accelerate with the expansion of its ad technology in June, with AppLovin's management currently projecting over $70,000 in first-year ad spend for every new customer.Oppenheimer said it is incrementally more confident on AppLovin's growth momentum in 2026 and beyond as mobile games' shift to hybrid monetization continues to remain a long-term tailwind for the industry.The brokerage maintained its outperform rating with a $660 price target.Price: $508.96, Change: $+40.13, Percent Change: +8.56%

$APP

Wire56d ago

Top Midday Stories: Citi CEO Fraser Gives New ROTCE Targets; Datadog Shares Soar After Strong Earnings, Bullish Guidance

The Dow Jones Industrial Average was down, while the S&P 500 Index and the Nasdaq Composite were up in late-morning trading Thursday, as oil prices fell below $100 on hopes that the US and Iran are nearing an agreement to end their war.In company news, Citigroup (C) Chief Executive Jane Fraser said Thursday at the bank's Investor Day that Citi expects its return on tangible common equity to hit a range of 11% to 13% in 2027 and 2028, up from 10% to 11% currently, before rising further to 14% to 15% from 2029 to 2031, according to a slide deck the company published. Citigroup shares were up 2.1% around midday.Datadog (DDOG) reported Q1 non-GAAP net income Thursday of $0.60 per diluted share, up from $0.46 a year earlier and above the FactSet consensus of $0.51. First-quarter revenue was $1.01 billion, up from $761.6 million a year ago and above the FactSet consensus of $960.1 million. For Q2, the company said it expects non-GAAP EPS of $0.57 to $0.59 on revenue of $1.07 billion to $1.08 billion. Analysts polled by FactSet expect $0.50 and $994 million, respectively. For full-year 2026, Datadog said it expects non-GAAP EPS of $2.36 to $2.44 on revenue of $4.30 billion to $4.34 billion, up from the previous guidance ranges of $2.08 to $2.16, and $4.06 billion to $4.12 billion, respectively. Analysts polled by FactSet expect earnings of $2.16. Datadog shares were up 29.6%.McDonald's (MCD) reported Q1 adjusted earnings Thursday of $2.83 per diluted share, up from $2.67 a year earlier and above the FactSet consensus of $2.74. First-quarter revenue was $6.52 billion, up from $5.96 billion a year ago and above the FactSet consensus of $6.47 billion. McDonald's shares were down 0.4%.Zoetis (ZTS) reported Q1 adjusted earnings Thursday of $1.53 per diluted share, up from $1.41 a year earlier but below the FactSet consensus of $1.60. First-quarter revenue was $2.26 billion, up from $2.20 billion a year ago but below the FactSet consensus of $2.30 billion. For full-year 2026, the company said it expects adjusted EPS of $6.85 to $7.00, down from its previous guidance of $7.00 to $7.10 and below the FactSet consensus of $7.03. The company also lowered its full-year 2026 revenue guidance to $9.68 billion to $9.96 billion from $9.83 billion to $10.03 billion previously. Analysts polled by FactSet expect $9.89 billion. Zoetis shares were down 22%.Arm (ARM) reported fiscal Q4 adjusted earnings late Wednesday of $0.60 per diluted share, up from $0.55 a year earlier and above the FactSet consensus of $0.58. Fiscal Q4 revenue was $1.49 billion, up from $1.24 billion a year ago and above the FactSet consensus of $1.47 billion. For fiscal Q1, the company said it expects adjusted EPS of $0.40, plus or minus $0.04, on revenue of $1.26 billion, plus or minus $50 million. Analysts polled by FactSet expect $0.37 and $1.25 billion, respectively. Arm shares were down 8.4%.Whirlpool (WHR) reported a Q1 adjusted loss late Wednesday of $0.56 per diluted share, swinging from adjusted earnings of $1.70 a year earlier and compared with the FactSet consensus of earnings of $0.38. First-quarter revenue was $3.27 billion, down from $3.62 billion a year ago and below the FactSet consensus of $3.44 billion. For fiscal 2026, the company said it expects adjusted EPS of $3 to $3.50, down from its previous guidance of $7 and below the FactSet consensus of $4.83. Full-year revenue is expected to be about $15 billion, down from its prior guidance of $15.30 billion to $15.60 billion and below the FactSet consensus of $15.26 billion. The company said the war in Iran has triggered a "recession-level industry decline in the US." Whirlpool shares were down 12.3%.Shake Shack (SHAK) reported breakeven fiscal Q1 adjusted earnings Thursday, compared with $0.14 per diluted share a year earlier and below the FactSet consensus of $0.12. Fiscal Q1 revenue was $366.7 million, up from $320.9 million a year ago but below the FactSet consensus of $372.4 million. Shake Shack also said it has appointed Michelle Hook as chief financial officer, effective May 11. Shares of the company were down 28.6%.Price: $130.33, Change: $+2.72, Percent Change: +2.14%

$ARM$C$DDOG$MCD$SHAK$WHR$ZTS

Wire56d ago

Rigetti Computing's QCaaS Agreements and System Sales to be 'Lumpy' Near Term, Wedbush Says

Rigetti Computing's (RGTI) quantum computing as a service agreements and system sales are expected to continue to be "lumpy" over the near-term, Wedbush analysts said in a Thursday note.Analysts expect Rigetti's Q1 sales to increase from a year earlier as the company recognizes a portion of its Novera sales, with Q2 expected to benefit as the remaining revenue from the deal are booked this quarter.The company is scheduled to report its Q1 financial results on May 11.Analysts said that Rigetti's sales in the second half of the year are expected to see a boost from the C-DAC order announced in January.Wedbush said the company is expected to provide additional updates, particularly on the trajectory toward 99.5%+ Q2 fidelity as the company continues to refine the system.Analysts have an outperform rating and $40 price target on the stock.Price: $19.15, Change: $-0.94, Percent Change: -4.68%

$RGTI

Wire56d ago

RBC Capital Adjusts Corteva Price Target to $97 From $95, Maintains Outperform Rating

Corteva (CTVA) has an average rating of overweight and mean price target of $87.71, according to analysts polled by FactSet.Price: $80.03, Change: $-1.74, Percent Change: -2.13%

$CTVA

Wire56d ago

Stifel Nicolaus Adjusts Becton, Dickinson and Company Price Target to $175 From $215

Becton, Dickinson and Company (BDX) has an average rating of overweight and mean price target of $183.50, according to analysts polled by FactSet.Price: $150.12, Change: $+5.36, Percent Change: +3.70%

$BDX

Wire56d ago

Needham Adjusts Price Target on EPAM Systems to $135 From $175

EPAM Systems (EPAM) has an average rating of overweight and mean price target of $183.31, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $99.68, Change: $-7.30, Percent Change: -6.82%

$EPAM

Wire56d ago

Monness Crespi & Hardt Adjusts Datadog Price Target to $270 From $255

Datadog (DDOG) has an average rating of buy and mean price target of $179.49, according to analysts polled by FactSet.Price: $185.91, Change: $+42.20, Percent Change: +29.36%

$DDOG

Wire56d ago

Barclays Adjusts Insulet Price Target to $198 From $286

Insulet (PODD) has an average rating of overweight and mean price target of $258.22, according to analysts polled by FactSet.Price: $160.64, Change: $+9.36, Percent Change: +6.19%

$PODD

Wire56d ago

DA Davidson Adjusts Price Target on DoorDash to $200 From $224, Maintains Neutral Rating

DoorDash (DASH) has an average rating of overweight and mean price target of $248.79, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $167.50, Change: $-0.47, Percent Change: -0.28%

$DASH

Wire56d ago

AppLovin Retains Strong Mobile Gaming Advertising Moat, Wedbush Says

AppLovin (APP) retains a significant moat in mobile gaming advertising and expanding into consumer advertising and Connected TV should protect it from long-term competitive pressure, Wedbush Securities said Thursday.The shift from e-commerce to the new consumer designation reflects a larger opportunity for AppLovin as it improves ad density, relevance, and efficiency, the brokerage said.The company expects Q2 revenue of $1.92 billion to $1.95 billion, above Street consensus of $1.89 billion.Wedbush highlighted three forward catalysts, including an early-stage lead-generation model in testing for fintech, insurance, and food delivery, ongoing IAP-to-hybrid conversion in mobile gaming, and early Connected TV initiatives pairing Wurl's supply with Axon's demand, according to the note.Management reiterated that gaming continues to grow well above its long-term forecast of 20% to 30%, with no observed cannibalization from the consumer ramp, the brokerage said.Wedbush has an outperform rating on AppLovin with a price target of $640.Shares of AppLovin rose more than 7% in Thursday trading.Price: $502.69, Change: $+33.86, Percent Change: +7.22%

$APP

Wire56d ago

Market Chatter: Blackstone, I Squared Near $2.9 Billion Bid for Stroeer

Blackstone (BX) and I Squared are considering making a bid for Stroeer that may value the German media group at 2.5 billion euros ($2.94 billion), Bloomberg reported Thursday, citing people familiar with the matter.The private equity firms are edging closer to a per-share offer in the mid-40-euro range, the report said.Blackstone and I Squared didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $123.32, Change: $-1.37, Percent Change: -1.10%

$BX

Wire56d ago

Axon Enterprise's Q1 Outperformance Strengthens Case for Durable Growth, Morgan Stanley Says

Axon Enterprise's (AXON) Q1 performance, specifically in bookings, strengthens its case for durable growth of over 30%, Morgan Stanley said in a Thursday note.The company once again posted a strong quarter, with revenue growth of 34% marking the ninth straight quarter of 30%-plus growth, Morgan Stanley analysts said. They noted that bookings greatly surpassed expectations with an increase of 44%, benefiting from developments in artificial intelligence.Axon's growth expanded across several segments, as Dedrone bookings surged 500% year over year, international sales doubled, and enterprise rose 50%, the analysts noted.The recent results support Morgan Stanley's view that Axon can keep delivering elevated growth as its platform diversifies beyond core US state and local law enforcement into new areas such as global markets, federal agencies, enterprises, drone technology, and 911 systems, according to the note.Morgan Stanley maintained the company's stock rating at overweight and lowered the price target to $600 from $675.Price: $434.70, Change: $+48.84, Percent Change: +12.66%

$AXON

Wire56d ago

IonQ's Q1 Results Validate Commercial Momentum, Growing Customer Base, Wedbush Says

IonQ's (IONQ) Q1 revenue beat and outlook raise validate the company's commercial momentum and growing customer base, Wedbush Securities said in a Thursday note.The company reported a Q1 adjusted loss of $0.34 per share, widening from a loss of $0.15 a year earlier, while revenue surged to $64.7 million from $7.6 million. IonQ also issued a Q2 revenue outlook of $65 million to $68 million, and raised its 2026 revenue guidance to a range of $260 million to $270 million.About 60% of the quarter's revenue came from commercial customers, consistent with the 2025 mix and indicating IonQ's maturing business, Wedbush said. Meanwhile, cross-selling accounted for 35% of Q1 revenue, suggesting that IonQ's integrations yield "tangible" results, not just one-off revenue, the brokerage added.Wedbush also noted the company's increasing remaining performance obligations, or RPOs, which serves as a key indicator of its capacity to drive commercial revenue further in the coming years.Wedbush raised its price target on IonQ to $75 from $60, with an outperform rating.Price: $49.25, Change: $-3.32, Percent Change: -6.32%

$IONQ

Wire56d ago

Freshpet Offers 'Attractive' Entry Point After Sell-Off, Morgan Stanley Says

Freshpet (FRPT) offers an "attractive" entry point after a recent sell-off in its shares following a Q1 beat and slightly raised 2026 topline, Morgan Stanley said in a note Wednesday."Recent sell-off presents an attractive entry point in a strong secular growth story with concerns around competition, macros, and costs fair but overdone," the report said.The note pointed to inability to disprove the Costco (COST) private label risk, incremental cost pressure, and sensitivity to a consumer slowdown as among the catalysts for the pushback.Those concerns are fair in the short-term, but its top-line and EBITDA momentum is strong, and the private label risk will likely be less than feared, the report said.Costco, which launched its Kirkland fresh dog food in March, represents about 10% of Freshpet's revenue, the note said.Morgan Stanley kept its overweight rating while cutting its price target to $77 from $90, citing a compression in peer multiples.Price: $56.95, Change: $+2.02, Percent Change: +3.68%

$FRPT

Wire56d ago

Nice's Q1 Beat on AI Demand to be Overshadowed by Weaker Q2 Guidance, Wedbush Says

Nice's (NICE) Q1 beat on top and bottom lines on robust AI demand for customer experience will be overshadowed by lower-than-expected guidance, Wedbush said in a Thursday research report.Nice offered weaker-than-expected Q2 revenue guidance despite a healthy demand environment as cloud revenue growth could be lower than the full-year range in Q2, reflecting its actions to win long-term AI commitments from large clients, according to Wedbush.The company's net revenue retention fell in Q1 from a year earlier amid near-term pressure from its portfolio shift toward AI-powered capabilities, which can also compress some CX components, according to the note.Q1 revenue beat was driven by the cloud segment as the company sees steady AI adoption and monetization, while all of CXone enterprise agreements included AI offerings, analysts wrote.The brokerage said it reiterated its neutral rating on the stock and price target of $120 per share.Price: $98.68, Change: $+1.83, Percent Change: +1.89%

$NICE

Wire56d ago

Fortinet Delivers Q1 Beat on Firewall, AI Demand Amid Sustainability Questions, Morgan Stanley Says

Fortinet (FTNT) delivered stronger-than-expected Q1 results driven by robust firewall demand, operational technology security momentum, and early artificial intelligence data center deployments, Morgan Stanley said in a note Thursday.Product revenue jumped 41% year over year as enterprise customers upgraded to higher-performance appliances for AI infrastructure needs, and total billings rose 31% on strong demand across Secure Networking, Unified SASE, and AI-driven SecOps offerings, the brokerage said.The company also raised its fiscal 2026 outlook, but sustainability of the hardware-driven growth remains uncertain amid possible demand pull-forward dynamics and slowing subscription and service revenue growth, according to the note."Better billings and deferred revenue trends help, though near-term upside looks limited pending durable software attach acceleration," the brokerage said.Morgan Stanley maintained its underweight rating on the stock, but raised its price target to $80 from $70.Shares of Fortinet were up more than 23% in Thursday trading.Price: $110.70, Change: $+20.75, Percent Change: +23.06%

$FTNT

Wire56d ago

SharkNinja Reports 'Strong' Q1 but Growth Sustainability Concerns Persist, Morgan Stanley Says

SharkNinja (SN) reported a "solid" Q1 performance and raised its full-year outlook, though underlying trends were "mixed" and investor concerns over the sustainability of future upside weighed on the stock, Morgan Stanley said in a report Thursday.The investment bank described the report as "glass-half-full," while arguing that parts of the company's outlook still appear "conservative" and its management deserves the "benefit of the doubt" on cost controls, according tot he report.The quarterly earnings beat was driven largely by a "lower tax rate," while domestic sales growth missed expectations and gross margin upside was "narrower" than in recent quarters, the report said, adding that concerns over the company's ability to sustain its "beat-and-raise" trend weighed on the stock, though international growth trends remained encouraging.The investment bank now forecasts fiscal 2026 revenue growth of 12.4%, up from their prior 11.4% estimate, and earnings per share of $6.12 versus an earlier forecast of $6.02. For fiscal 2027, it continues to project revenue growth of 9.4% while raising their EPS estimate to $6.74 from $6.68, according to the report.Morgan Stanley maintained an equal-weight rating on SharkNinja and raised its price target to $128 from $127.Price: $114.32, Change: $-1.18, Percent Change: -1.02%

$SN

Wire56d ago

Market Chatter: Boeing CEO Ortberg Set to Join Trump on China Trip Next Week

Boeing (BA) Chief Executive Kelly Ortberg is expected to join President Donald Trump when he visits China next week, CNBC reported Thursday, citing a source familiar with the company's plans.Boeing didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $235.13, Change: $+5.19, Percent Change: +2.26%

$BA

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Wire56d ago