Morning News Wrap-Up: Thursday's Biggest Stock Market Stories!
Amphenol Corp (APH) stock rose as analysts raised price targets. Praxis Precision Medicines (PRAX) surged after positive Phase 3 trial results. Salesforce (CRM) gained with new long-term guidance. SoundHound AI (SOUN) rallied on analyst upgrades. Meta Platforms (META) slipped despite AI efficiency plans. Bollinger Innovations (BINI) fell on insider trading. Johnson & Johnson (JNJ) was flat amid court claims. SoFi Technologies (SOFI) dropped after a Sell rating. D-Wave Quantum (QBTS) declined despite a price target increase. AMD stock slipped while preparing a new AI server. Micron (MU) rose on analyst updates. Lyft (LYFT) fell after tech hub plans. JB Hunt (JBHT) surged on strong earnings. DoorDash (DASH) gained from a collaboration with Alphabet (GOOGL). Spotify (SPOT) signed an AI deal. Home Depot (HD) dipped despite a new program. Western Digital (WDC) climbed on analyst upgrades.
- Amphenol Corp (APH) stock rallied as analysts increased their price targets for the shares.
- Praxis Precision Medicines (PRAX) stock rocketed after the company reported results from a Phase 3 clinical trial.
- Salesforce (CRM) stock gained after the company released a new long-term guidance update.
- SoundHound AI (SOUN) stock rallied alongside a price target increase from a top analyst.
- Meta Platforms (META) stock slipped despite plans to boost the efficiency of its AI systems.
- Bollinger Innovations (BINI) stock fell on insider buying and selling.
- Johnson & Johnson (JNJ) stock was flat as the company faces court claims over cancer links.
- SoFi Technologies (SOFI) stock dropped after a top analyst reiterated a Sell rating.
- D-Wave Quantum (QBTS) stock took a beating despite an increased analyst price target.
- Advanced Micro Devices (AMD) stock slipped even as it readies a new AI server rack to challenge Nvidia (NVDA).
- AMD stock also received a new price target increase today.
- Micron (MU) stock rose thanks to updated analyst price targets.
- Lyft (LYFT) stock slipped after the company revealed plans for a new technology hub.
- JB Hunt (JBHT) stock surged as strong earnings triggered a large number of analyst updates.
- DoorDash (DASH) stock was boosted by news of a new collaboration with Alphabet (GOOGL).
- Spotify (SPOT) stock was in the news after the streaming service signed a deal for AI products.
- Home Depot (HD) stock dipped even after the reveal of its new Path to Pro program.
- Western Digital (WDC) stock climbed on price target increases from top analysts.
Read more of the biggest stock market stories at TipRanks.
