Midday movers: GameStop, DocuSign fall; Lyft, Geron rise
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StreetInsider.com Top Tickers, 6/12/2026
- US stocks close down as oil spikes 12%, job market weakens
- U.S. nonfarm payroll employment unexpectedly falls in February
- Oracle stock falls on report of scrapped Texas data center plans
- Kuwait cuts oil output as storage fills up
- Boeing reportedly nearing 500-aircraft deal with China ahead of Trump visit
- After-hours movers: Marvell, Samsara, GAP, Cooper Cos.
- After-hours movers: Broadcom, StubHub, Cracker Barrel, Grocery Outlet, Veeva Systems and more
- After-hours movers: Moderna, CrowdStrike, Ross Stores, Box and more
- After-hours movers: MongoDB, Credo, SoFi Technologies and more
- After-hours movers: Dell, Block, CoreWeave, Autodesk, MARA and more
Lightshed Partners Upgrades Apple (AAPL) to Neutral, 'Can’t Disprove the Hype (Yet)'
June 11, 2024 3:34 PM UTCLightshed Partners analyst Walter Piecyk upgraded Apple (NASDAQ: AAPL) from Sell to Neutral.
The analyst comments "The pace at which companies have integrated AI into applications and devices has been impressive and only scratches the surface of what is possible. AI is... More
Sherwin-Williams (SHW) PT Lowered to $360 at BMO Capital
June 11, 2024 3:02 PM UTCBMO Capital analyst John McNulty lowered the price target on Sherwin-Williams (NYSE: SHW) to $360.00 (from $377.00) while maintaining a Outperform rating.
The analyst comments "With a significant number of coatings-related data points (volume trends, TiO2 and VAM outages, etc), we are updating our... More
JMP Securities Reiterates Market Outperform Rating on Docusign Inc. (DOCU)
June 11, 2024 2:42 PM UTCJMP Securities analyst Patrick Walravens reiterated a Market Outperform rating and $84.00 price target on Docusign Inc. (NASDAQ: DOCU).
The analyst comments "Key points we thought were interesting included: 1) when asked about the macroeconomic environment, DocuSign said it did not see any big fall throughs or anything in the linearity in F1Q despite being aware of the disappointing results from companies like Salesforce (CRM, MO, $342 PT), Workday (WDAY, MO, $315... More
NVIDIA (NVDA) PT Raised to $150 at Argus, 'We recommend establishing or adding to positions'
June 11, 2024 7:27 AM UTCArgus analyst Jim Kelleher raised the price target on NVIDIA (NASDAQ: NVDA) to $150.00 (from $110.00) while maintaining a Buy rating.
The analyst comments "Following a highly successful FY24, Nvidia, in our view, is positioned for continued momentum in FY25. The NVDA shares have... More
Rosenblatt Reiterates Neutral Rating on Apple (AAPL)
June 11, 2024 6:34 AM UTCRosenblatt analyst Barton Crockett reiterated a Neutral rating and $196.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "Apple sells over 200 million iPhones a year, and has an iPhone installed base of over 1 billion devices. But only about 10% of the... More
JPMorgan Reiterates Overweight Rating on Apple (AAPL)
June 11, 2024 5:41 AM UTCJPMorgan analyst Samik Chatterjee reiterated an Overweight rating and $225.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "Apples keynote at WWDC showcased enough enhancements on the feature sets across native apps and third-party apps with integration of A(pple) I(ntelligence) to assure us of the expected upgrade cycle with the launch of the iPhone 16 and release of iOS18 in the fall of this year. While the shares might be taking a breather today after recent outperformance into the event on the absence of any killer apps, our experience with... More
BofA Securities Reiterates Buy Rating on Apple (AAPL)
June 11, 2024 5:38 AM UTCBofA Securities analyst Wamsi Mohan reiterated a Buy rating and $210.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "We believe Apples WWDC was the best WWDC conference in a long time as it introduced AI for the rest of the people.... More
BofA Securities Reiterates Buy Rating on Lyft (LYFT)
June 11, 2024 5:26 AM UTCBofA Securities analyst Michael McGovern reiterated a Buy rating and $20.00 price target on Lyft (NASDAQ: LYFT).
The analyst comments "Today, gig-companies lost a federal appeal to the 9th circuit US Court of Appeals whereby they argued that the California state legislatures Assembly Bill 5 unconstitutionally egregiously targets gig-economy network companies and irrationally discriminates against those... More
Roth/MKM Reiterates Buy Rating on YEXT Inc. (YEXT)
June 11, 2024 5:11 AM UTCRoth/MKM analyst Rohit Kulkarni reiterated a Buy rating and $8.00 price target on YEXT Inc. (NYSE: YEXT).
The analyst comments "Yext, Inc. reported a mixed-bag earnings report with still-lingering revenue softness offset by material upside to EBITDA, driven by layoffs and... More
Geron Corporation (GERN) PT Raised to $6 at Goldman Sachs
June 10, 2024 11:59 AM UTCGoldman Sachs analyst Corinne Jenkins raised the price target on Geron Corporation (NASDAQ: GERN) to $6.00 (from $5.00) while maintaining a Buy rating.
The analyst comments "GERN is trading +19.7% (vs. -1.6% for the XBI) intraday following the FDA approval of Rytelo (imetelstat) in lower-risk myelodysplastic syndrome (LR-MDS).... More
NVIDIA (NVDA) PT Lowered to $131 at Evercore ISI
June 10, 2024 11:47 AM UTCEvercore ISI analyst Mark Lipacis lowered the price target on NVIDIA (NASDAQ: NVDA) to $131.00 (from $1,310.00) while maintaining a Outperform rating.
The analyst comments "NVDA announced a 10-to-1 stock split on May 22, 2024 effective after markets close on June 7, 2024. Following this every shareholder will... More
UBS Reiterates Neutral Rating on Apple (AAPL)
June 10, 2024 8:48 AM UTCUBS analyst David Vogt reiterated a Neutral rating and $190.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "GenAI interest solid in China but muted elsewhere as cost & privacy are concerns. Somewhat not surprisingly in our view, a high price was cited... More
Apple (AAPL): What is the cloud strategy?
June 10, 2024 8:29 AM UTCLynx Equity Strategies analysts remain bullish on Apple (NASDAQ: AAPL) despite a stock price increase leading up to a major event focused on AI advancements. Their optimism hinges on Apple's potential for an "AI-triggered refresh cycle."
While the event is expected to highlight developer tools, Lynx Equity emphasizes its core belief: "Apple Silicon offers the highest efficiency... More
Roth/MKM Reiterates Neutral Rating on Lyft (LYFT)
June 10, 2024 7:25 AM UTCRoth/MKM analyst Rohit Kulkarni reiterated a Neutral rating and $19.00 price target on Lyft (NASDAQ: LYFT).
The analyst comments "On Thursday, June 6, Lyft hosted its first-ever investor day since its March 2019 IPO. We are impressed by Lyft's three-year outlook implying $25bn... More
NVIDIA (NVDA) PT Lowered to $140 at Cantor Fitzgerald, 'remains our TOP PICK in semis'
June 10, 2024 5:35 AM UTCCantor Fitzgerald analyst C.J. Muse lowered the price target on NVIDIA (NASDAQ: NVDA) to $140.00 (from $1,400.00) while maintaining a Overweight rating.
The analyst comments "NVDA announced a 10-for-1 stock split last Q which officially took effect Friday post close. As such, we... More
All eyes on AI: Citi previews Apple's WWDC event
June 7, 2024 5:00 PM UTCCiti analysts maintained their positive outlook on Apple (NASDAQ: AAPL) based on recent data suggesting stabilizing iPhone demand in China, continued growth in services, and anticipation around Apple's focus on AI at the upcoming WWDC event.
"Recent third-party data suggests iPhone demand is stabilizing in China," they note. Citi's own supply chain checks also support this view. Additionally, they highlight Apple's aggressive... More
UBS Reiterates Neutral Rating on Lyft (LYFT)
June 7, 2024 10:55 AM UTCUBS analyst Lloyd Walmsley reiterated a Neutral rating and $19.00 price target on Lyft (NASDAQ: LYFT).
The analyst comments "We walk away from Lyft's first investor day directionally more positive as it set 2024- 2027 targets ahead of consensus. Key guidance parameters included: 1) 2024-2027... More
Bernstein SocGen Group Reiterates Market Perform Rating on Lyft (LYFT)
June 7, 2024 10:46 AM UTCBernstein SocGen Group analyst Nikhil Devnani reiterated a Market Perform rating and $19.00 price target on Lyft (NASDAQ: LYFT).
The analyst comments "LYFT hosted its inaugural Investor Day in New York yesterday. The company came out swinging with a strong set of guidance that implies... More
