Benzinga’s “Daily Brief On Trending Tickers” highlights top-searched tickers from around the web and uses the Benzinga Pro platform to highlight recent news items possibly impacting those stocks.
The data on the trending tickers is compiled from a list of most-discussed tickers on the popular Reddit forum WallStreetBets.
NIO Inc (NYSE: NIO) shares were trading 6.3% higher during Friday’s premarket session after successfully listing on the Singapore stock exchange and announcing plans to build a research and development center for artificial intelligence and autonomous driving.
Out of nine analysts, seven are recommending Nio as a Strong Buy.
Deere & Company (NYSE: DE) shares were down 6.2% during Friday’s premarket session after Deere reported quarterly earnings Friday morning, saying second-quarter earnings came in at $6.81 per share against a $6.71 Street estimate and sales of $13.37 billion against a $13.2-billion estimate.
Bank of America (NYSE:BAC) analyst Ross Gilardi Downgraded to a Hold rating and lowered the price target from $475 to $450.
Foot Locker , Inc. (NYSE: NYSE:FL) shares were trading 3.14% higher during Friday’s premarket session after it beat estimated earnings, reporting EPS of $1.60 against the Street estimate of $1.55. Foot Locker said revenue was up $22 million over the same period last year.
OTR Global analysts downgraded Foot Locker to Hold.
Lucid Group Inc (NASDAQ: LCID) shares were trading 1.45% higher during Friday’s premarket session after the EV maker announced plans to build its first overseas factory in Saudi Arabia with a capacity to produce up to 155,000 vehicles.
Citigroup (NYSE:C) analyst Itay Michaeli maintained Lucid with a Strong Buy and lowered the price target from $45.00 to $36.00.
Palo Alto Networks Inc (NASDAQ: PANW) shares were trading 11.4% higher during Friday’s premarket session after the company said fiscal third-quarter revenue increased 29% year-over-year to $1.39 billion, which beat the estimate of $1.36 billion while reporting quarterly earnings of $1.79 per share, which beat Street estimates of $1.68 per share. Third-quarter billings grew 40% year-over-year to $1.8 million.
Mizuho analyst Gregg Moskowitz maintained Palo Alto with a Strong Buy and lowered the price target from $625 to $600.
SoFi Technologies Inc (NASDAQ: SOFI) shares are trading 3.23% higher during Friday’s premarket session after investors learned that CEO Anthony Noto had been purchasing shares of the company beginning in March, accumulating over $1.5 million in the company’s stock, in a signal that Noto believes the company may be undervalued.
According to WallStreetZen, 13 Wall Street analysts that have issued a one-year SOFI price target, the average SOFI price target is $14.89, with the highest SOFI stock price forecast at $25 and the lowest SOFI stock price forecast at $9.
Ross Stores, Inc. (NASDAQ: NASDAQ:ROST) shares are trading 23.94% lower during Friday’s premarket session after reporting worse-than-expected Q1 EPS and sales results. The company also issued Q2 EPS guidance below analyst estimates.
Morgan Stanley (NYSE:MS) analyst Kimberly Greenberger maintained Ross with an Overweight and lowered the price target from $139 to $129.
Latest Ratings for ROST
| Mar 2022 | Barclays (LON:BARC) | Maintains | Overweight | |
| Mar 2022 | Morgan Stanley | Maintains | Overweight | |
| Mar 2022 | Deutsche Bank (ETR:DBKGn) | Maintains | Buy |
View the Latest Analyst Ratings
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