After-hours movers: Robinhood, AppLovin rise; Airbnb, Arm fall, and more
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Robinhood Markets (HOOD) PT Raised to $16 at JPMorgan
May 9, 2024 12:01 PM EDTJPMorgan analyst Kenneth B. Worthington raised the price target on Robinhood Markets (NASDAQ: HOOD) to $16.00 (from $12.00) while maintaining a Underweight rating.
The analyst comments "Robinhood reported 1Q24 adj EPS of $0.18 vs. street expectations of $0.06. Adj. EBITDA came in at $247mn, well ahead... More
AppLovin Corp (APP) PT Raised to $100 at BTIG, 'Top Pick'
May 9, 2024 5:10 AM EDTBTIG analyst Clark Lampen raised the price target on AppLovin Corp (NASDAQ: APP) to $100.00 (from $87.00) while maintaining a Buy rating.
The analyst comments "AppLovin's 1Q24 results significantly exceeded consensus and a higher buy-side bar (~$615-$630M for Software) on stronger AppDiscovery trends and a sequential uptick in MAX from bidded mix shifts. Unpacking a large Software beat ($678M vs. our $614M), we estimate that about... More
Bumble Inc. (BMBL) PT Raised to $18 at Evercore ISI
May 9, 2024 5:05 AM EDTEvercore ISI analyst Mark Mahaney raised the price target on Bumble Inc. (NASDAQ: BMBL) to $18.00 (from $17.00) while maintaining a Outperform rating.
The analyst comments "Our View: We reiterate Outperform and modestly raised PT to $18 on BMBL in the wake of a Modest Beat & Lower Q1 EPS results. Q2 guide came in modestly softer than expectations, on greater FX headwind (2-pt impact to Q2, 1.5-pt... More
Arm Holdings (ARM) PT Lowered to $145 at Evercore ISI
May 9, 2024 5:04 AM EDTEvercore ISI analyst Mark Lipacis lowered the price target on Arm Holdings (NASDAQ: ARM) to $145.00 (from $156.00) while maintaining a Outperform rating.
The analyst comments "With ARM up 41% YTD vs SPX 9%, and YY revs peaking in the Mar24Q, the set-up... More
