The Latest Breaking News from Credit Suisse

AvidXchange Holdings, Inc (NASDAQ:AVDX) reported first-quarter FY22 revenue growth of 29% year-on-year to $71.2 million, beating the consensus of $67.97 million. The non-GAAP gross margin expanded 300 bps to 62.3%. EPS loss of $(0.13) beat the consensus loss of $(0.17). Total transactions processed were 16.9 million, up 15.6% Y/Y. Total payment volume was…

Several analysts lowered the price target on Papa John's International Inc (NASDAQ:PZZA) following the company's Q1 results. BMO Capital analyst Andrew Strelzik reduced the price target to $130 from $145 but maintained an Outperform rating on the shares. Deutsche Bank analyst Brian Mullan decreased the price target to $109 (25% upside) from $122 and maintained a Hold…

A whale with a lot of money to spend has taken a noticeably bearish stance on Alphabet. Looking at options history for Alphabet (NASDAQ:GOOGL) we detected 163 strange trades.

Credit Suisse has decided to maintain its Outperform rating of AppLovin (NASDAQ:APP) and lower its price target from $112.00 to $100.00. Shares of AppLovin are trading down 4.02% over the last 24 hours, at $35.01 per share.

Lawmakers blocked a bid to overhaul strict Swiss banking secrecy rules on Friday in a blow to freedom of information advocates seeking an exemption for journalists and whistleblowers.

Credit Suisse, a Switzerland-based investment bank and financial services firm, issued an analysis of long-term global trends that can lead to advantageous business and investment opportunities, such as ageing populations, infrastructure and technology.

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Analysts reiterated their ratings on Paycom Software, Inc (NYSE:PAYC) post Q1 results. Needham analyst Ryan MacDonald reiterated the Buy rating and $450 price target on Paycom Software following the company's stellar start to FY22, in which revenue and adjusted EBITDA exceeded consensus expectations.  PAYC put up a sizeable 1Q22 beat and raise driven by solid sales…

Credit Suisse analyst Timothy Chiodo initiated coverage on Marqeta, Inc (NASDAQ:MQ) with an Outperform rating and a price target of $13.50 (40% upside). Chiodo believes the combination of low penetration (~1% for MQ), a large, growing end market (~$8.9 trillion U.S. TAM, growing HSD%+), and exposure to fast-growing end-markets/use cases (i.e., BNPL, digital banks,…

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MGM Resorts International (NYSE: MGM) shares traded lower by 3.5% on Tuesday after the company reported first-quarter earnings and revenue beats but a quarterly drop in Las Vegas Strip occupancy.