After-hours movers: Super Micro Computer, Exact Sciences, Trump Media & Technology

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Barclays Defending Coupang Inc (CPNG): 'Selloff Post 3Q Results Presents a Buying Opportunity'

November 7, 2024 6:07 AM EST

Barclays analyst Jiong Shao reiterated an Overweight rating and $32.00 price target on Coupang Inc (NYSE: CPNG).

The analyst comments "Key takeaways: While CPNG reported solid 3Q results with better than expected revenues, growing at 25% yoy in CC excluding Farfetch (FF), and better than expected group EBITDA margins of 4.4%, the... More

Mizuho Suspends Rating on Super Micro Computer (SMCI): 'Due to lack of full financial detailed and audited statements'

November 6, 2024 6:39 AM EST

Mizuho Suspends Rating on Super Micro Computer (NASDAQ: SMCI): 'Due to lack of full financial detailed and audited statements'

The analyst comments "Due to lack of full financial detailed and audited statements we are suspending our rating/PT for SMCI.... More

Coupang Inc (CPNG) PT Raised to $25 at Mizuho

November 6, 2024 6:11 AM EST

Mizuho analyst James Lee raised the price target on Coupang Inc (NYSE: CPNG) to $25.00 (from $23.00) while maintaining a Neutral rating.

The analyst comments "CPNG reported a good quarter with solid top-line growth and convincing EBITDA beat. The top line grew 32% FXN ex-Farfetch, leveraging the... More

Microchip Technology (MCHP) PT Lowered to $95 at Evercore ISI, 'We're Buyers'

November 6, 2024 5:54 AM EST

Evercore ISI analyst Mark Lipacis lowered the price target on Microchip Technology (NASDAQ: MCHP) to $95.00 (from $101.00) while maintaining a Outperform rating.

The analyst comments "Were Buyers Considering MCHP Shipping 46% Below Consumption. MCHP traded down by 5% in aftermarket trading after providing a DecQ... More

Coupang Inc (CPNG) PT Raised to $26.50 at Deutsche Bank

November 6, 2024 5:52 AM EST

Deutsche Bank analyst Peter Milliken raised the price target on Coupang Inc (NYSE: CPNG) to $26.50 (from $22.50) while maintaining a Hold rating.

The analyst comments "In 3Q24, Coupang's revenue grew 27%, or 25% ex FarFetch and FX changes. We see this as a remarkable result,... More

Super Micro Computer (SMCI) Reco Suspension Maintained at Needham, Broker Issues Comments

November 6, 2024 5:47 AM EST

Super Micro Computer (NASDAQ: SMCI) Reco Suspension Maintained at Needham, Broker Issues Comments.

The analyst comments "SMCI announced mixed preliminary unaudited F1Q25 results in which revenue fell short of expectations while GM exceeded expectations. The shortfall in revenue was attributed to... More

Super Micro Computer (SMCI) PT Lowered to $25 at Barclays

November 6, 2024 5:41 AM EST

Barclays analyst George Wang lowered the price target on Super Micro Computer (NASDAQ: SMCI) to $25.00 (from $42.00) while maintaining a Equalweight rating.

The analyst comments "SMCI is currently working on finding a new auditor. The company also expects to submit a plan to Nasdaq before the Nov 16th deadline to regain compliance with Nasdaqs listing rules. If a plan is submitted and accepted, SMCI could have until Feb 25th, 2025 to file its 10-K. In our view, the risk of SMCI not meeting Nasdaq's listing... More

Super Micro Computer (SMCI) PT Lowered to $28 at Goldman Sachs

November 6, 2024 5:35 AM EST

Goldman Sachs analyst Michael Ng lowered the price target on Super Micro Computer (NASDAQ: SMCI) to $28.00 (from $67.50) while maintaining a Neutral rating.

The analyst comments "SMCIs F1Q25 preliminary results and F2Q25E missed on lower-than-expected revenue. Combined with the absence of revenue guidance reiteration, it appears that SMCI may potentially be seeing... More

JPMorgan Downgrades Super Micro Computer (SMCI) to Underweight

November 6, 2024 5:30 AM EST

JPMorgan analyst Samik Chatterjee downgraded Super Micro Computer (NASDAQ: SMCI) from Neutral to Underweight with a price target of $23.00 (from $50.00).

The analyst comments "We are downgrading shares of Super Micro to Underweight even following a positive update shared by the company in relation to opinion of the Special Committee, led by the following risk factors that are leading us to expect more uncertainty around both the regulatory filings as well as business fundamentals, including: 1) The company refrained from providing further transparency around the issues leading to the disagreement with the prior... More

Coupang Inc (CPNG) PT Raised to $31 at Citi

November 6, 2024 5:23 AM EST

Citi analyst John Yu raised the price target on Coupang Inc (NYSE: CPNG) to $31.00 (from $26.00) while maintaining a Buy rating.

The analyst comments "Mgmt has stated that for two consecutive quarters Product Commerce margins would be under pressure in the near term... More