Latest Stories
Why Is Peloton (PTON) Stock Soaring Today
Shares of exercise equipment company Peloton (NASDAQ:PTON) jumped 12% in the afternoon session after Canaccord analysts upgraded the stock's rating from Hold to Buy and kept a target price of $10. The analysts cited some of the reasons for the upgrade, noting "Peloton is the clear leader in the connected fitness industry, which they invested in early on and built a 6M loyal member base that has a high-margin recurring revenue stream."
Why Is Revolve (RVLV) Stock Rocketing Higher Today
Shares of online fashion retailer Revolve (NASDAQ:RVLV) jumped 7.8% in the morning session after Jefferies analysts upgraded the stock's rating from Hold to Buy, following a meeting with management. The analysts assigned a price target of $30, which implied a potential 30% upside from where shares traded before the upgrade was announced.
Why Semtech (SMTC) Stock Is Trading Up Today
Shares of semiconductor company Semtech (NASDAQ:SMTC) jumped 19.4% in the afternoon session after the company reported impressive fourth quarter results which blew past analysts' EPS and EBITDA expectations while sales were in line. In addition, its inventory levels shrunk. On the other hand, its revenue guidance for next quarter missed significantly. Overall, this quarter was mixed but still had some key positives.