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The Latest Breaking News from Wedbush

Salesforce Faces Price Target Cuts On Guidance Cut, Shares Slide

Salesforce Inc (NYSE: CRM) reported upbeat results for its second quarter, but lowered its annual projections.

Benzinga

Tesla Stock Splits 3-For-1, Wedbush Raises Price Target To $360

Other analysts are more optimistic, with Oppenheimer's Colin Rusch and The Future Fund's Gary Black estimating price targets of $383 and $550, respectively.

InsideEVs

Is AMC Stock Overvalued? Blame Retail Investors, Analyst Says

Wedbush analyst Alicia Reese maintains AMC Entertainment Holdings Inc. (NYSE: AMC) with an Underperform rating and lowered the movie theater chain's price target from $4 to $2.

Benzinga

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4 Rivian Analysts On Sales Growth, Widening Losses: Is EV Maker Back On Track After 'Horror Show' IPO?

Rivian Automotive Inc (NASDAQ: RIVN) shares were falling slightly Friday after the company reported impressive second-quarter revenue growth but said 2022 losses would be wider than expected.

Benzinga

Elon Musk sells $7B in Tesla shares ahead of Twitter fight

Elon Musk has sold nearly $7 billion worth of shares in Tesla as the billionaire gets his finances in order ahead of his court battle with Twitter

The Independent UK

Benzinga's Top Ratings Upgrades, Downgrades For August 8, 2022

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For August 5, 2022

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Looking At Twitter's Recent Whale Trades

Someone with a lot of money to spend has taken a bullish stance on Twitter (NYSE:TWTR). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

4 General Motors Analysts React To Q2 Earnings Miss, Ongoing Supply Chain Challenges

General Motors Company (NYSE: GM) shares rebounded by 2% on Wednesday after the company reported disappointing second-quarter numbers as it struggles with parts shortages.

Benzinga

Microsoft Earnings Fall Short as Computer Sales Sag

Microsoft on Tuesday said that its earnings in the recently ended quarter fell shy of expectations as personal computer sales suffered from production holdups in China and sagging demand. The US technology giant reported profit of $16.7 billion on revenue of $51.9 billion, topping the same quarter a year earlier…

Asharq Al-Awsat

Twitter Whale Trades Spotted

Someone with a lot of money to spend has taken a bearish stance on Twitter (NYSE:TWTR). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Twitter Whale Trades Spotted

A whale with a lot of money to spend has taken a noticeably bullish stance on Twitter. Looking at options history for Twitter (NYSE:TWTR) we detected 32 strange trades.

Benzinga

Twitter's future uncertain as it faces messy breakup with Musk

San Francisco (AFP) - Courted and then jilted by the world's richest person, Twitter looks well positioned to win a court battle with Elon Musk over a $1 billion breakup fee and more -- but the company will not emerge unscathed.

AFP

Tesla, WD-40 Company And 40 Stocks Moving In Friday's Mid-Day Session

Gainers Aditxt, Inc. (NASDAQ: ADTX) shares surged 75.7% to $0.2812 after the company's Adimune therapeutic program completed a toxicology study indicating a favorable safety profile of ADI-100.

Benzinga

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Benzinga

This Is What Whales Are Betting On Twitter

Benzinga

Twitter And 20 Stocks Moving Premarket

Gainers Seritage Growth Properties (NYSE: SRG) rose 35.7% to $8.25 in pre-market trading after gaining around 10% on Thursday. Seritage Growth Properties filed its preliminary proxy materials with the U.S. Securities and Exchange Commission.

Asharq Al-Awsat

Elon Musk Deal to Buy Twitter in Danger

Twitter shares slid late Thursday after a Washington Post report that Elon Musk's $44 billion deal to buy the social media giant is in danger. The world's richest man has previously expressed misgivings and even implied he could walk away from the deal over concerns about what he believes are…

AFP

Elon Musk deal to buy Twitter in danger: report

San Francisco (AFP) - Twitter shares slid late Thursday after a Washington Post report that Elon Musk's $44 billion deal to buy the social media giant is in danger.

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Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For June 30, 2022

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Benzinga

Apple Analyst Says This Is Cupertino's Unique Advantage Over Other Tech Giants

As the June quarter draws to a close, Apple, Inc.'s (NASDAQ: AAPL) bull and Wedbush analyst Daniel Ives offered his thoughts on the quarter.

Benzinga

Read How Analysts Reacted To Darden Restaurants' Q4 Results

Wedbush analyst Nick Setyan lowered the price target on Darden Restaurants Inc (NYSE:DRI) to $122 (3% upside) from $140 and kept a Neutral rating on the shares. The analyst noted that FY23 guidance is predicated on normalization in inflation trends in the second half and has lowered his FY23 EPS estimate to $7.60 from $8.41…

Benzinga

Why Chewy Shares Are Surging Today

Wedbush analyst Seth Basham upgraded Chewy Inc (NYSE:CHWY) from Neutral to Outperform and raised the price target to $35 (8% upside) from $30. The analyst cites favorable pet category dynamics, bottoming e-commerce trends, attractive valuation, and better risk-reward as the reasons for the upgrade. While Seth expects discretionary goods spending pressure to continue in the near-to-medium…

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For June 10, 2022

Benzinga

Why This Wedbush Analyst Says PayPal Is A Better Payments Play Than Block

The high-growth technology sector, which is attempting to make a comeback, includes several companies in the IT/services payment industry.

Benzinga

Why Affirm Holdings Shares Are Falling

Affirm Holdings, Inc. (NASDAQ: AFRM) shares are trading lower Wednesday following bearish analyst coverage from Wedbush. Wedbush analyst David Chiaverini initiated coverage on Affirm with an Underperform rating and announced a $15 price target. David Chiaverini noted four concerns:

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