Midday movers: Alcoa, Moderna fall; Micron, Coinbase rise

Go back to Midday movers: Alcoa, Moderna fall; Micron, Coinbase rise

Domino's Pizza (DPZ) PT Raised to $430 at Bernstein, 'We remain cautious on unit growth'

February 28, 2024 5:58 AM UTC

Bernstein analyst Danilo Gargiulo raised the price target on Domino's Pizza (NYSE: DPZ) to $430.00 (from $370.00) while maintaining a Market Perform rating.

The analyst comments "We remain cautious on unit growth. Franchisees profits increasing (amid lower commodity inflation) should support unit... More

Roth on Riot Platforms (RIOT): 'if costs were to double with the upcoming halving...adj. mining margin would sit near 50%'

February 27, 2024 1:48 PM UTC

Roth/MKM analyst Darren Aftahi raised the price target on Riot Platforms (NASDAQ: RIOT) to $25.50 (from $22.50) while maintaining a Buy rating.

The analyst comments "4Q reported results were mixed. RIOT announced ~2.7 EH/s of incremental expansion (5.9 EH/s total) from fleet upgrades and... More

Riot Platforms (RIOT) PT Raised to $20 at Singular Research, 'Aggressive Hash Rate Growth Underway'

February 27, 2024 12:17 PM UTC

Singular Research analyst Chris Sakai raised the price target on Riot Platforms (NASDAQ: RIOT) to $20.00 (from $19.50) while maintaining a Buy rating.

The analyst comments "Q4:23 results were mixed compared to our expectations. Revenues were lower than our estimates, while adjusted EBITDA beat our... More

3 reasons why Micron Technology stock has underperformed in 2024 and why they don't matter - Citi

February 27, 2024 11:00 AM UTC

Micron Technology (NASDAQ: MU) stock has underperformed so far this year, but according to analysts at Citi, the reasons for the underperformance "don't matter."

In a recent note, the bank told investors to "stay the course," with the firm reiterating its Buy rating and $95 per share price target on the... More

Argus Upgrades Domino's Pizza (DPZ) to Buy Citing Same-Store Growth

February 27, 2024 7:15 AM UTC

Argus analyst John Staszak upgraded Domino's Pizza (NYSE: DPZ) from Hold to Buy with a price target of $530.00.

The analyst comments "We are upgrading Domino's Pizza Inc. (NYSE: DPZ) to BUY from HOLD with a target price... More

JPMorgan Downgrades Domino's Pizza (DPZ) to Neutral, 'most catalysts priced in'

February 27, 2024 6:16 AM UTC

JPMorgan analyst John Ivankoe downgraded Domino's Pizza (NYSE: DPZ) from Overweight to Neutral with a price target of $430.00 (from $420.00).

The analyst comments "DPZ shares have returned ~59% since 6/1 versus ~21% at SPX. We believe now is the right price to take profits... More

Micron (MU) gains on HBM3E volume ramp and shipments to Nvidia's H200 confirmed

February 26, 2024 11:23 AM UTC

Micron Technology (NASDAQ: MU) shares are up more than 5% Monday after the company announced it has started volume production of its HBM3E (High Bandwidth Memory 3E) solution.

Micron's 24GB 8H HBM3E product is set to be part of the NVIDIA... More

Moderna (MRNA) downgraded as HSBC skeptical on medium term INT Phase 3 data readouts

February 26, 2024 9:33 AM UTC

HSBC analysts cut Moderna (NASDAQ: MRNA) to Reduce from Hold in a note Monday, raising the price target to $86 from $75 per share.

The firm said Moderna's outlook for 2024 is underpinned by prospects for its COVID-19 vaccine revenue and RSV launch. They note there are two... More