Pre-Open Stock Movers 07/28: (INFI) (BTBT) (LKFN) Higher; (TDOC) (CSGP) (SPOT) Lower (more...)
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Spotify (SPOT) Gets Two Upgrades as Yesterday's Selloff Yielded Attractive Opportunity
July 29, 2021 10:24 AM EDTSpotify (NYSE: SPOT) received two stock upgrades today to see its shares trade nearly 1% higher.
Yesterday, the company reported that podcast listening surged 30% among those users that already listen to podcasts. As a result, podcast ad revenue soared by 627%.
The continued outperformance is currently limited only by the availability of our inventory, which is something were actively solving for, said CEO Daniel Ek.
The days of our ad business accounting for less than 10% of our total revenue are behind us, and going forward, I expect ads to be a... More
Lakeland Financial (LKFN) to Join S&P SmallCap 600 Index on August 3, 2021
July 29, 2021 10:02 AM EDTLakeland Financial Corporation (Nasdaq: LKFN), parent company of Lake City Bank, will be added to the S&P SmallCap 600 Index after the close of trading on Tuesday, August 3, 2021.
David M. Findlay, President and Chief Executive Officer stated, We are honored to be added to the S&P SmallCap 600 Index. Our inclusion in the index reflects the success of our long-term shareholder value creation strategy. The Lake City Bank team is proud of our unwavering focus on taking care of our communities,... More
Shopify (SHOP) PT Raised to $1,800 at Jefferies
July 29, 2021 8:00 AM EDTJefferies analyst Samad Samana raised the price target on Shopify (NYSE: SHOP) to $1,800.00 (from $1,675.00) while maintaining a Buy rating.
The analyst commented, "SHOP's 2Q results experienced an expected deceleration, but still nicely beat consensus. A few incremental takeaways after the call were: 1) the take... More
Shopify (SHOP) PT Raised to $1,500 at Mizuho Securities
July 28, 2021 3:50 PM EDTMizuho Securities analyst Siti Panigrahi raised the price target on Shopify (NYSE: SHOP) to $1,500.00 (from $1,300.00) while maintaining a Neutral rating.
The analyst commented, "Shopify posted Q2 results once again nicely ahead of consensus expectations with GMV reaching a record $42.2B (up... More
