La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Snap a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per Snap..

Snap (NYSE:SNAP) Azioni, Catena delle Opzioni

Snap

Snap is a technology company best known for its marquis social media application Snapchat, a visual messaging application that has amassed hundreds of millions of users. The app was initially only used to communicate with family and friends through photographs and short videos (known as "Snaps"). Users can now enjoy augmented reality, or AR, lenses, content from famous creators and celebrities, updates about local events, and more. Although the app offers a paid subscription option with premium features, advertising sales produce most of the app's revenue. The firm also sells wearable devices called AR Spectacles, which can capture photos and videos overlayed with AR lenses, but these make up a small portion of Snap's overall sales.

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Jim Cramer definisce Snap &#34;irrilevante&#34; su Mad Money: ecco le sue opinioni sui titoli da acquistare ed evitare.

Jim Cramer bolla questa azienda come &#34;irrilevante&#34;

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Scopri le aziende più sottovalutate nel settore della comunicazione: opportunità di investimento con RSI basso e performance deludenti.

Le aziende più sottovalutate nel settore dei servizi di comunicazione

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Gli insider vendono azioni Nvidia, Snap e T-Mobile: scopri i dettagli delle vendite e cosa significa per il mercato.

Gli insider stanno vendendo azioni Nvidia e altre 2 aziende

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Snap-on Inc

On Thursday, Cathie Wood-led Ark Invest made significant trades, with Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Reddit Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), and Amazon.com, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) taking center stage.
The Palantir Trade
Ark Invest&#8217;s move to sell Palantir shares comes amid a tumultuous day for the company. <a href="https://www.benzinga.com/news/24/11/41808861/whats-going-on-with-palantir-stock-thursday">Palantir&#8217;s shares</a> experienced a rollercoaster ride, initially dipping due to a downgrade from Jefferies, only to bounce back following an announced partnership with Amazon Web Services (AWS) and Anthropic.
Despite Jefferies analyst Brent Thill downgrading Palantir from a Hold rating to an Underperform rating due to valuation concerns, the company&#8217;s stock has seen a surge of over 220% since the start of the year. This includes a 30% increase in just the past week, largely driven by strong quarterly results fueled by &#8220;unrelenting&#8221; AI demand.
Ark offloaded 264,513 Palantir shares on Thursday through its ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) and Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) funds, with the transaction valued at $14.8 million based on a closing share price of $55.88.
The Tesla Trade
Ark sold 85,019 shares of Elon Musk-led Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>). Wood has been on a Tesla share-selling spree of late. The latest transaction, which came through ARKK, was valued at $25.24 million.
Wood&#8217;s firm estimates that Tesla&#8217;s driverless ride-hailing service could <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41593922/cathie-woods-ark-invest-sees-tesla-unlocking-11-trillion-revenue-potential-with-rob">access an $11 trillion revenue</a> market by leveraging low operating costs to undercut existing ride-hailing prices. Tesla plans to debut this service next year in Texas and California, starting with drivers and aiming for fully autonomous rides as regulations allow.
The Reddit Trade
Ark Invest&#8217;s trade with Reddit comes at a time when the company is making significant strides in the social media space. Reddit&#8217;s market cap <a href="https://www.benzinga.com/general/social-media/24/11/41773982/reddit-overtakes-snap-in-market-value-after-election-day-rally">recently surpassed</a> that of Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>), reaching $21.5 billion after a 12% climb on Election Day. This is a notable achievement for the social media platform operator, which has a user base and revenue one-fourth the size of Snap&#8217;s.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41763537/bitcoin-hits-71k-ethereum-dogecoin-surge-as-results-trickle-in-for-trump-harris-presidenti?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Hits $71K, Ethereum, Dogecoin Surge As Results Trickle In For Trump-Harris Presidential Battle: Analyst Predicts &#8216;Kickstart Of The Bull Market&#8217;</a>
Reddit&#8217;s growing popularity as a source of authentic information is also posing a challenge to Google&#8217;s dominance in the internet search market. This trend was highlighted at a recent conference hosted by The Wall Street Journal, where a journalist revealed she primarily uses Google Search to access Reddit for information.
The Wood-led firm sold 62,389 Reddit shares from its ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) fund on Thursday, a transaction valued at $8.2 million. Reddit shares closed the day 8.6% higher at $131.44.
The Amazon.com Trade
Ark Invest&#8217;s decision to purchase Amazon shares comes at a time when insiders at the e-commerce giant have been <a href="https://www.benzinga.com/markets/equities/24/11/41763411/jeff-bezos-sells-214m-worth-of-amazon-shares-in-latest-stock-move-heres-how-much-he-still-owns">selling off their shares</a>. According to a recent Benzinga report, Jeff Bezos, Amazon&#8217;s executive chair, <a href="https://www.benzinga.com/markets/equities/24/11/41763411/jeff-bezos-sells-214m-worth-of-amazon-shares-in-latest-stock-move-heres-how-much-he-still-owns">recently sold</a> 1.07 million shares of Amazon stock at $200.07 per share, raking in approximately $213.8 million. This left Bezos with 926.41 million shares of Amazon.
Bezos was not the only Amazon insider selling shares. Recently, director Jonathan Rubinstein also offloaded $1 million worth of shares, while Douglas Herrington, CEO of Worldwide Amazon Stores, sold $696,360 worth of Amazon shares.
Ark acquired 150,675 Amazon shares through its ARKK fund, a transaction valued at $31.6 million. Amazon's stock closed Thursday at $210.16, up 1.5%. Other Key Trades:
<ul>
<li>Ark purchased shares of 10X Genomics Inc. (TXG) and sold shares of Moderna Inc (MRNA).</li>
<li>The firm picked up shares of Illumina Inc. (ILMN), ABSCI Corp (ABSI), and Guardant Health Inc. (GH) but sold shares of Unity Software Inc. (U), Sofi Technoliogies Inc. (SOFI), and Repare Therapeutics Inc. (RPTX).</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41798981/jim-cramer-calls-trumps-return-to-white-house-a-huge-win-for-the-stock-market?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Calls Trump&#8217;s Return To White House A &#8216;Huge Win For The Stock Market&#8217;</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Equities

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AMZN

ARKF

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PLTR

RDDT

TSLA

Cathie Wood's Tech Rotation: Amazon Mega-Buy While Tesla, Reddit And Palantir Get Axed

Reddit Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) has turned the tables on Snap Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) in social media rankings, <a href="https://www.benzinga.com/quote/RDDT/news">climbing 12% on Election Day</a> to reach a market cap of $21.5 billion, ahead of Snap's $20.4 billion.
This milestone is a striking achievement for Reddit, which, despite having one-fourth of Snap's user base and revenue, has investors far more bullish on its prospects.
<h2 class="wp-block-heading">Snap's Diminishing Spark: Stuck In A Growth Rut</h2>
For Snap, this recent development highlights an ongoing struggle to secure its footing in the competitive social media space. Snap's trading price of just over $12 per share reflects investor skepticism, especially considering its initial public offering price was $17 in 2017. 
Snap's user growth in the U.S. has <a href="https://static.seekingalpha.com/uploads/2024/9/5/59331233-17255947008337631_origin.png">stagnated</a>, with no increase in domestic users for two years—a major concern given that North America accounts for 60% of its revenue.
Revenue grew from $4.1 billion in 2021 to an estimated $5.3 billion in 2024—a modest 29% increase over three years. For a social media platform looking to thrive in a competitive landscape, Snap's current trajectory risks positioning the company as a "permanently subscale" player, with growth potentially falling short of reigniting investor optimism, according to The Information&#8217;s Martin Peers.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/11/41763478/trump-media-reddit-devon-energy-super-micro-computer-and-tesla-buzzing-among-investors-on-electi">Trump Media, Reddit, Devon Energy, Super Micro Computer, And Tesla Buzzing Among Investors On Election Day</a>
<h2 class="wp-block-heading">Reddit's Meteoric Rise: User Surge, Ad Revenue Momentum</h2>
In contrast, Reddit has been on a remarkable growth path, with daily active users <a href="https://techxplore.com/news/2024-10-reddit-explosive-user-growth-ai.html">jumping</a> 47% in the past year, fueled by a surge of interest around high-profile events, including the election. This rising user base has led to a boom in ad revenue, propelling Reddit's recent valuation and fueling confidence among investors.
As a discussion forum covering countless topics, Reddit's broad appeal means its potential audience could significantly outgrow Snap's narrower, visually driven platform. As the election results roll in, it's almost certain that Reddit will see more engagement than Snap—a testament to Reddit's expanding reach and impact.
<h2 class="wp-block-heading">Chart Signals Favor Reddit Stock</h2>
Reddit's stock is also painting a bullish technical picture. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="625" height="454" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06054810/Screenshot-2024-11-06-at-4.17.47-PM.png" alt="" class="wp-image-632432" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06054810/Screenshot-2024-11-06-at-4.17.47-PM.png 625w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06054810/Screenshot-2024-11-06-at-4.17.47-PM-300x218.png 300w" sizes="(max-width: 625px) 100vw, 625px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110624&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
At $122.57, Reddit&#8217;s stock is trading above its five, 20 and 50-day exponential moving averages, signaling a strong upward trend. The stock's eight-day, 20-day and 50-day simple moving averages (SMA) are well below the current price, further reinforcing the bullish signal.
Reddit's Moving Average Convergence Divergence (MACD) indicator, at 12.26, and its Relative Strength Index (RSI), at 78.95, suggest overbought conditions. The steady buying pressure has pushed the stock up, indicating strong price momentum and reflecting investor confidence in the platform&#8217;s growth potential. However, these indicators may also signal a possible cooling period if momentum slows.
<h2 class="wp-block-heading">Snap's Technical Picture Shows Limited Upside</h2>
Snap stock is also experiencing buying pressure, with its price above its five, 20 and 50-day exponential moving averages.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="625" height="454" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06054829/Screenshot-2024-11-06-at-4.17.56-PM.png" alt="" class="wp-image-632435" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06054829/Screenshot-2024-11-06-at-4.17.56-PM.png 625w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06054829/Screenshot-2024-11-06-at-4.17.56-PM-300x218.png 300w" sizes="(max-width: 625px) 100vw, 625px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110624&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
However, its position relative to the 200-day SMA at $12.53 suggests a bearish signal for the long term. Snap's MACD at 0.48 and RSI at 64.44 show moderate bullish momentum, though not nearly as strong as Reddit's.
<h2 class="wp-block-heading">All Eyes On Reddit's Next Move</h2>
As Reddit's momentum continues, it's evident that investors see growth potential that Snap's platform may not be able to match.
While Snap faces the challenge of expanding its user base and revenue stream in a saturated market, Reddit is riding a wave of user engagement that seems to have investors excited about the future.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41761596/redditors-track-election-night-must-watch-threads-for-trump-vs-harris-showdown-other-races">Redditors Track Election Night: Must-Watch Threads For Trump Vs. Harris Showdown, Other Races</a></li>
</ul>
Photo: Shutterstock

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Reddit Overtakes Snap In Market Value After Election Day Rally

Loop Capital analyst Rob Sanderson maintains Snap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) with a Buy and raises the price target from $14 to $16.

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Loop Capital Maintains Buy on Snap, Raises Price Target to $16

<a href="https://www.theinformation.com/articles/tiktok-sees-trump-victory-as-apps-best-hope" title="https://www.theinformation.com/articles/tiktok-sees-trump-victory-as-apps-best-hope">https://www.theinformation.com/articles/tiktok-sees-trump-victory-as-apps-best-hope</a>

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'TikTok Sees Trump Victory As App's Best Hope' - The Information

As of Nov. 4, 2024, four stocks in the communication services sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Travelzoo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TZOO#NASDAQ">TZOO</a>)</h3>
<ul>
<li>On Oct. 23, Travelzoo announced better-than-expected third-quarter EPS results and a repurchase program for up to one million shares. &#8220;We will continue to leverage Travelzoo&#8217;s global reach, trusted brand, and strong relationships with top travel suppliers to negotiate more Club Offers for members,&#8221; said Holger Bartel, Travelzoo&#8217;s Global CEO. The company's stock gained around 51% over the past month and has a <a href="https://www.benzinga.com/quote/TZOO">52-week high of $18.22</a>.</li>
<li>RSI Value: 76.91&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>TZOO Price Action: Shares of Travelzoo gained 2.9% to close at $17.59 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Integral Ad Science Holding Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAS#NASDAQ">IAS</a>)</h3>
<ul>
<li>Integral Ad Science will report its third quarter 2024 financial results after the market close on Tuesday, Nov. 12. The company's stock gained around 15% over the past month and <a href="https://www.benzinga.com/quote/IAS">has a 52-week high </a>of $17.53.</li>
<li>RSI Value: 70.29</li>
<li>IAS Price Action: Shares of Integral Ad Science gained 0.5% to close at $11.90 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Snap Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>)</h3>
<ul>
<li>On Oct. 29, Snap reported third-quarter revenue of $1.373 billion, beating the consensus estimate of $1.358 billion, according to Benzinga Pro. The social media company reported adjusted earnings of 8 cents per share, beating analyst estimates of 5 cents per share. "I'm proud of the team's progress this quarter, delivering strong community growth and deepening engagement while driving improved financial performance," said Evan Spiegel, CEO of Snap. The company's stock gained around 18% over the past five days and has a <a href="https://www.benzinga.com/quote/SNAP">52-week high</a> of $17.90.</li>
<li>RSI Value: 70.50</li>
<li>SNAP Price Action: Shares of Snap gained 3% to close at $12.53 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Roblox Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>)</h3>
<ul>
<li>On Oct. 31, Roblox reported fiscal third-quarter 2024 bookings growth of 34% year-on-year to $1.13 billion, beating the analyst consensus estimate of $1.02 billion. "In the third quarter of 2024, our key financial and operating metrics grew at high rates and in all cases were above the guidance we delivered on our Q2 2024 earnings call with significant year-over-year growth in revenue of 29%, bookings of 34%, DAUs of 27% and Hours engaged of 29%," said Michael Guthrie, chief financial officer of Roblox. The company's stock jumped around 20% over the past five days and has a 52-week high is $52.65.</li>
<li>RSI Value: 78.46</li>
<li>RBLX Price Action: Shares of Roblox slipped 0.5% to close at $51.44 on Friday. </li>
</ul>
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RBLX

TZOO

Top 4 Tech And Telecom Stocks That May Collapse This Month

The United States has announced a ban on investments in China's semiconductor and AI sectors, potentially affecting Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41599095/team-bidens-ban-on-china-tech-investments-could-impact-teslas-ai-plans-report" rel="noreferrer noopener">and its operations in the region</a>.
The&nbsp;Video Game History Foundation&nbsp;(VGHF) and the&nbsp;Software Preservation Network&nbsp;faced a major setback in their ongoing campaign to preserve and grant research access to <a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41583968/us-copyright-office-blocks-game-preservation-bid-thousands-of-classic-titles-critically-endangered" rel="noreferrer noopener">out-of-print&nbsp;video games</a>.
With the U.S. 2024 presidential election just days away, Vice President&nbsp;Kamala Harris&nbsp;is making a unique play to connect with gamers—an audience often <a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41587554/kamala-harris-connects-with-gamers-via-fortnite-in-final-campaign-countdown" rel="noreferrer noopener">sidelined in&nbsp;political campaigns</a>.
Earnings
Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) reported third-quarter revenue of $88.27 billion, up 15% year-over-year, beating the Street consensus estimate of $86.31 billion. EPS of $2.12 exceeded the <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41611263/alphabet-q3-earnings-highlights-revenue-beat-eps-beat-google-cloud-up-35-momentum-across-the-compan" rel="noreferrer noopener">Street consensus estimate of $1.84</a>.
Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) reported third-quarter revenue of $1.373 billion, beating the&nbsp;consensus estimate&nbsp;of $1.358 billion. Adjusted EPS of 8 cents per share, beating analyst<a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41612544/snap-q3-earnings-revenue-beat-eps-beat-500m-buyback-ai-update-and-more" rel="noreferrer noopener"> estimates of 5 cents per share</a>.
Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41618021/snap-touts-new-ad-formats-and-simple-snapchat-10m-users-trial-growth-driving-feature" rel="noreferrer noopener">Snap Touts New Ad Formats And &#8216;Simple Snapchat&#8217; — 10M Users Trial Growth-Driving Feature</a>
Gaming
Call of Duty: Black Ops 6&nbsp;has set a new franchise record for the biggest release ever, with sales on PlayStation and Steam jumping 60 percent compared to <a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41662426/black-ops-6-shatters-records-call-of-dutys-biggest-launch-drives-60-sales-spike" rel="noreferrer noopener">last year&#8217;s&nbsp;Modern Warfare III</a>.
Tencent Holdings ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) officially denied rumors of layoffs and restructuring within the company, while acknowledging recent <a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41609208/tencent-shuts-down-layoff-rumors-while-announcing-major-leadership-shake-up" rel="noreferrer noopener">changes in its&nbsp;leadership structure</a>.
Ubisoft has launched its first blockchain game, Champions Tactics: Grimoria Chronicles, a tactical NFT<a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/10/41632648/ubisoft-launches-blockchain-game-with-nfts-priced-as-high-as-64-000" rel="noreferrer noopener"> battler now available on PC</a>.
Sony Group Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) announced the November PlayStation Plus lineup, <a target="_blank" href="https://www.benzinga.com/general/gaming/24/10/41633013/sony-adds-new-death-note-game-to-november-ps-plus" rel="noreferrer noopener">featuring Death Note Killer Within</a>.
Technology
A Russian court has ordered&nbsp;Alphabet Inc.‘s Google&nbsp;to pay a massive fine of $20 decillion for restricting content from Russian media outlets. The fine, which is expected to increase, is&nbsp;a result <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41621390/google-just-got-fined-in-russia-and-its-more-than-the-worlds-gdp-20-decillion-for-blocking-media" rel="noreferrer noopener">of a long-standing legal dispute</a>.
Jim Cramer&nbsp;said that&nbsp;Alphabet plans to increase investments in artificial intelligence infrastructure next year can significantly <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41625103/jim-cramer-says-googles-ai-investment-next-year-should-be-fabulous-for-nvidia" rel="noreferrer noopener">benefit&nbsp;</a><a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41625103/jim-cramer-says-googles-ai-investment-next-year-should-be-fabulous-for-nvidia" rel="noreferrer noopener">NVIDIA Corp </a><a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41625103/jim-cramer-says-googles-ai-investment-next-year-should-be-fabulous-for-nvidia" rel="noreferrer noopener">(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</a>.
Smartphones
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is all set to&nbsp;integrate the powerful&nbsp;M4&nbsp;processor into its&nbsp;Mac&nbsp;lineup. The new chip will significantly increase core counts compared to its predecessor. This will ensure a marked improvement <a target="_blank" href="https://www.benzinga.com/news/24/10/41565581/mac-mini-may-shrink-to-apple-tv-size-as-cupertino-prepares-to-unveil-new-macs-this-week-expect-ai-an" rel="noreferrer noopener">in daily usage from older models</a>.
Apple is working on developing a new smart home display inspired by <a target="_blank" href="https://www.benzinga.com/news/24/10/41567694/apple-is-working-on-new-smart-home-display-inspired-by-imac-g4s-design-but-it-could-be-smaller-than" rel="noreferrer noopener">the&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/10/41567694/apple-is-working-on-new-smart-home-display-inspired-by-imac-g4s-design-but-it-could-be-smaller-than" rel="noreferrer noopener">iMac G4's</a><a target="_blank" href="https://www.benzinga.com/news/24/10/41567694/apple-is-working-on-new-smart-home-display-inspired-by-imac-g4s-design-but-it-could-be-smaller-than" rel="noreferrer noopener">&nbsp;design</a>.
The release of iOS 18.1 brought&nbsp;Apple&#8217;s&nbsp;new AI-powered features, known as&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/10/41593651/how-to-unlock-apple-intelligence-on-your-iphone-with-ios-18-1" rel="noreferrer noopener">Apple Intelligence</a><a target="_blank" href="https://www.benzinga.com/news/24/10/41593651/how-to-unlock-apple-intelligence-on-your-iphone-with-ios-18-1" rel="noreferrer noopener">, to iPhone users</a>.
Apple has reportedly initiated initial manufacturing efforts for next year&#8217;s entry-level iPhone model, expected to be named the&nbsp;iPhone 17. For the first time, this early-stage development is taking place in India, moving away from <a target="_blank" href="https://www.benzinga.com/markets/asia/24/10/41616953/apple-wants-to-see-if-it-can-build-iphone-17-from-scratch-in-india-report" rel="noreferrer noopener">Apple&#8217;s traditional reliance on China</a>.
Apple introduced a&nbsp;fresh&nbsp;Mac mini&nbsp;Tuesday featuring the new M4 and M4 Pro chips, compactly engineered to maximize performance within a <a target="_blank" href="https://www.benzinga.com/news/24/10/41607481/apples-refreshes-mac-mini-smaller-form-factor-m4-chip-power-and-carbon-neutral" rel="noreferrer noopener">smaller 5×5-inch form factor</a>.
Artificial Intelligence (AI)
Sierra, the AI&nbsp;startup co-founded by former&nbsp;Salesforce co-CEO and&nbsp;OpenAI&nbsp;chairman&nbsp;Bret Taylor,&nbsp;has achieved a valuation of $4.5 billion <a target="_blank" href="https://www.benzinga.com/news/24/10/41591558/bret-taylors-ai-startup-sierra-hits-4-5b-valuation-just-a-year-after-launch-openai-chairs-latest-ven" rel="noreferrer noopener">following a successful funding round</a>.
OpenAI&nbsp;CFO&nbsp;Sarah Friar&nbsp;revealed that a monumental 75% of the AI startup&#8217;s revenue comes from consumer <a target="_blank" href="https://www.benzinga.com/news/24/10/41593078/openai-reveals-75-of-its-revenue-comes-from-one-service" rel="noreferrer noopener">subscriptions to just one service –&nbsp;</a><a target="_blank" href="https://www.benzinga.com/news/24/10/41593078/openai-reveals-75-of-its-revenue-comes-from-one-service" rel="noreferrer noopener">ChatGPT</a>.
OpenAI&nbsp;announced&nbsp;that its flagship product, ChatGPT, is now capable of crawling the web for up-to-date news, sports scores,<a target="_blank" href="https://www.benzinga.com/news/24/10/41663190/openai-rolls-out-chatgpt-search-google-shares-slide" rel="noreferrer noopener"> stock quotes and more</a>.
Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41566623/steve-huffman-says-people-go-on-google-to-land-reddit-results-it-has-answers-advice-perspectives-alp" rel="noreferrer noopener">Steve Huffman Says People Go On Google To Land Reddit Results: It Has &#8216;Answers, Advice, Perspectives&#8217; — Alphabet&#8217;s Search Dominance Under Threat?</a>

AAPL

Sony Group Corporation American Depositary Shares

SONY

TCEHY

Consumer Tech News (Oct 28-Nov 1): Apple Starts Manufacturing Entry-Level iPhone Model, US Bans Investments In China's Semiconductor & AI, & More

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) shares jumped 38.86% after the company reported third-quarter results and issued&nbsp;Q4&nbsp;revenue&nbsp;guidance&nbsp;above estimates, and many <a href="https://www.benzinga.com//node/41631795" target="_blank" rel="noreferrer noopener">analysts raised the price forecast</a>.</li>
<li>Paycom Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) stock escalated 27.95% after the company reported third-quarter results and <a href="https://www.benzinga.com/quote/payc/analyst-ratings" target="_blank" rel="noreferrer noopener">analysts boosted the price forecast</a>.</li>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) gained 22.89% last week after the <a href="https://www.benzinga.com//node/41653083" target="_blank" rel="noreferrer noopener">company reported Q3 earnings</a> and sales that beat analyst estimates. Many analysts revised their <a href="https://www.benzinga.com/quote/mbly/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>
<li>Exelixis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXEL#NASDAQ">EXEL</a>) gained 22.43% after reporting better-than-expected Q3 earnings and raising its FY24 sales outlook. Many <a href="https://www.benzinga.com/quote/EXEL/analyst-ratings" target="_blank" rel="noreferrer noopener">analysts also raised their price forecasts for</a> the stock.</li>
<li>Garmin Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>)&nbsp;shares surged 22.11% after the company reported&nbsp;Q3 financial results <a href="https://www.benzinga.com//node/41625504" target="_blank" rel="noreferrer noopener">and raised its annual&nbsp;outlook</a>.</li>
<li>Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) shares increased 22.07% after the company reported better-than-expected&nbsp;third-quarter results and a year-over-year increase in daily <a href="https://www.benzinga.com//node/41654520" target="_blank" rel="noreferrer noopener">active users and hours engaged</a>. Many analysts upped the <a href="https://www.benzinga.com/quote/rblx/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast on the stock</a>.</li>
<li>Twilio (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>) stock increased 20.39% after the company reported better-than-<a href="https://www.benzinga.com//node/41639676" target="_blank" rel="noreferrer noopener">expected&nbsp;financial results</a>. Several analysts boosted the <a href="https://www.benzinga.com/quote/twlo/analyst-ratings" target="_blank" rel="noreferrer noopener">stock&#8217;s price forecast</a>.</li>
<li>Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) shares rose 19.90% after the company reported quarterly results and several analysts revised the <a href="https://www.benzinga.com//node/41633681" target="_blank" rel="noreferrer noopener">stock&#8217;s price forecast</a>.</li>
<li>Waters Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAT#NYSE">WAT</a>) shares gained 19.31% last week. The company reported better-than-expected Q3 earnings and raised its annual outlook.</li>
<li>Atlassian Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) climbed 18.87% last week on Q1 earnings and a strong Q2 outlook. The company&#8217;s board approved a new $1.5 billion share repurchase program, and many <a href="https://www.benzinga.com/quote/team/analyst-ratings" target="_blank" rel="noreferrer noopener">analysts boosted the stock&#8217;s price forecast</a>.</li>
</ol>
Also Read:
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<li><a href="https://www.benzinga.com/news/large-cap/24/11/41702898/super-micro-computer-li-auto-and-estee-lauder-are-among-top-10-large-cap-losers-last-week-oct-28-n">Super Micro Computer, Li Auto And Estee Lauder Are Among Top 10 Large Cap Losers Last Week (Oct 28-Nov 1): Are The Others In Your Portfolio?</a></li>
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Image via Shutterstock

Large Cap

EXEL

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PAYC

TEAM

TWLO

Reddit, Roblox And Garmin Are Among Top 10 Large Cap Gainers Last Week (Oct 28-Nov 1): Are The Others In Your Portfolio?

<a>Snap </a>Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) shares climbed on Wednesday after the company reported <a href="https://www.benzinga.com/news/earnings/24/10/41612544/snap-q3-earnings-revenue-beat-eps-beat-500m-buyback-ai-update-and-more">upbeat third-quarter results</a>.
The company reported its results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
<h1 class="wp-block-heading">Cantor Fitzgerald On Snap</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/596f57cb35f48b00011db3ec/deepak-mathivanan">Analyst Deepak Mathivanan</a> maintained a Neutral rating while raising the price target from $8 to $9.
Snap reported its adjusted EBITDA ahead of expectations, with the beat being driven by better cost management, Mathivanan said in a note. The company's fourth-quarter guidance is better than feared, he added.
While initial testing of Simple Snapchat is "showing decent gains in select markets" and new DR (direct response) products are "delivering promising results," the company's revenue growth continues to be impacted by headwinds in the brand business, despite stable DR growth, the analyst stated. 
"Looking ahead into FY25E, there are still plenty of uncertainties on SNAP's revenue-growth trajectory," he wrote.
<h1 class="wp-block-heading">B. Riley Securities On Snap</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58ecd4830bd9910001845463/naved-khan">Analyst Naved Khan</a> reiterated a Neutral rating while lifting the price target from $11 to $12.
Snap reported third-quarter revenues and adjusted EBITDA of $1,373 million and $132.0 million, surpassing consensus of $1,358 million and $92.7 million, respectively, Khan said. Brand revenues remained weak, down 1% year-on-year, and management does not expect a meaningful turnaround for the holiday season, he added.
DR ads benefit from increasing adoption by small and medium businesses, with revenues growing 16%, the analyst stated. The company's fourth-quarter guidance "looks light on revenue and reflects caution given the risk of disruption from the rollout of Simple Snapchat to select markets and users, as well as exposure to upper funnel ad spend in the seasonally strong 4Q," he further wrote.
<h1 class="wp-block-heading">JMP Securities On Snap</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/598858a9803ad30001474c48/andrew-boone">Analyst Andrew Boone</a> reaffirmed a Market Outperform rating while lowering the price target from $17 to $16.
Snap reported in-line third-quarter results, with a slight revenue beat and EBITDA ahead of consensus by $32 million, which was in-line with past beats, Boone said. The high end of the fourth-quarter revenue guidance met consensus, he added.
Snap plans to begin testing Sponsored Snaps "more earnestly" in the fourth quarter, while DR growth of 16% year-on-year was consistent with that in the previous quarter, "despite a 10-point tougher comp," the analyst stated. "Simple Snapchat is driving engagement for less engaged users but iOS users see less benefit," he further wrote.
<h1 class="wp-block-heading">BofA Securities On Snap</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58d94a96b85e930001fd9dd6/justin-post">Analyst Justin Post</a> maintained a Neutral rating while lifting the price target from $13 to $14.
"DR growth was driven by strong demand for 7-0 Pixel Purchase optimization solutions and growing contribution from App Purchase optimization," Post wrote. Snap added 11 million DAUs (daily active users), with the number rising to 443 million, he added.
Snapchat+ subscribers stood at 12 million, slightly below Street expectations of 12.4 million, and growth decelerated, the analyst stated. Snap managed to beat third-quarter expectations on better cost management, "but challenges remain," he further wrote.
<h1 class="wp-block-heading">Piper Sandler On Snap</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5981fdcbc1f558000155e858/thomas-champion">Analyst Thomas Champion</a> reiterated a Neutral rating while raising the price target from $12 to $13.
"Relative to our estimates, North America was below expectations while EU/ROW were better," Champion said.
Around 10 million users are now testing a more simplified version of the Snapchat application, "skewing toward lower monetizing geographies," the analyst stated. "The margin picture remains mixed with COGS (cost of goods sold) now pushing a $2.6BN run-rate," he wrote.
<h1 class="wp-block-heading">Truist Securities On Snap</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58bd551cb85e930001592b02/youssef-squali">Analyst Youssef Squali</a> maintained a Hold rating, while raising the price target from $13 to $14.
Snap's third-quarter results and fourth-quarter guide reflect "good traction in DR and Snapchat+ offset by softness in Brand advertising, all against a backdrop of improving margins," Squali said.
"This suggests that changes to the ad products are starting to resonate with the growing roster of advertisers (esp. SMBs) but execution remains uneven Q/Q," the analyst wrote. With DAUs in the US remaining flattish and North America, the highest monetization region, witnessing weaker Brand spend, Snap continues to lose share in the digital ad market, he added.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
<h1 class="wp-block-heading">Goldman Sachs On Snap</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587e33195064ed000173030b/eric-sheridan">Analyst Eric Sheridan</a> reiterated a Neutral, while lifting the price target from $12 to $13.50.
Snap's quarterly revenues were "modestly" higher than expectations, with DR initiatives and other revenues like from Snapchat+ "outweighed lingering brand advertising headwinds, Sheridan said.
The company achieved a "solid outperformance" on gross margins and adjusted EBITDA, driven by lower infrastructure costs per DAU and continued discipline in operating expenditure, the analyst stated. He added, however, that management commentary implied that the company "remains committed to investing behind long-term growth initiatives (AI/ML, product development, partner content costs, etc.)."
<h1 class="wp-block-heading">RBC Capital Markets On Snap</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58ecd4830bd9910001845462/brad-erickson">Analyst Brad Erickson</a> maintained a Sector Perform rating and price target of $16.
"Direct response (DR) growth remains the outperformer with the company&#8217;s relatively newer 7-0 attribution/optimization too being a partial driver," Erickson wrote in a note. Snap's improved optimization tools "are vital" for the platform to "prove structurally higher value" for small and medium businesses, he added.
"The new app redesign (Simple Snap) and new ad units (Sponsored Snaps and Promoted Places) are all up and testing with a fuller expected rollout likely in early &#8217;25 where management&#8217;s tone on creating incremental reachability for advertisers was bullish," the analyst stated. Prospects of a ban on TikTok in 2025 "may look incrementally compelling," he further said.
<h1 class="wp-block-heading">BMO Capital Markets On Snap</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/659d2498b3d44200013b25f8/brian-pitz">Analyst Brian Pitz</a> reaffirmed an Outperform rating and price target of $18.
"DR budgets once again grew quicker than the overall given a simplified advertiser UI and continued growth in time spent," Pitz said. Stabilization in North American engagement in the third quarter is "a net positive," as Snap begins to roll out Simple Snap in the first half of 2025, he added.
Simple Snapchat is likely to have a positive impact on the monetization of Snap&#8217;s growing MAUs (monthly active users) approaching 1 billion, the analyst stated. Spotlight ended the quarter with 500 million MAUs, up 21% year-on-year, "creating a favorable set-up" in 2025, "as the tab integrates with Snap&#8217;s highest monetizable surface, Stories," he further wrote.
<h1 class="wp-block-heading">Roth Capital Partners On Snap</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e3c22772d37ce00019ceb1f/rohit-kulkarni">Analyst Rohit Kulkarni</a> reiterated a Neutral rating and price target of $14.
Snap shares climbed more than 10% after the company reported "a small topline beat and a medium-sized EBITDA beat, offset by a 4Q outlook in-line/below expectations," Kulkarni said.
"We are marginally positive about Snap&#8217;s progress in attracting SMB advertisers and growing its DR business, however, we are getting increasingly worried about Snap&#8217;s ability to grow Brand revs consistently over several quarters," the analyst wrote.
<h1 class="wp-block-heading">Benchmark On Snap</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e3ab1ed2d37ce00019ca05b/mark-zgutowicz">Analyst Mark Zgutowicz</a> maintained a Hold rating on the stock.
Snap's quarterly results "brought some calm back to the stock," following the volatility in the second quarter, Zgutowicz said. The stock responded to the company's "continued focus on expense management and SMB penetration leveraging initial audience engagement products like Snap Promote, with testing underway on Sponsored Snaps and Promoted Places," he added.
Revenue generated by Snap's upper funnel, large brand clients, "remains challenged, weighing most heavily on its N[orth] America segment," the analyst wrote. He further stated that the weakening trend in Brand spend could continue in the fourth quarter and into the first half of 2025.
<h1 class="wp-block-heading">Oppenheimer On Snap</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5846f34dee7bf6000154d139/jason-helfstein">Analyst Jason Helfstein</a> reiterated a Perform rating on the stock.
Snap's shares rose more than 10% in the after-hours session on an improved margin and cost outlook, "despite lackluster US ad revenue growth," Helfstein said.
Management is likely to face the "difficult decision between ramping investments to keep up with competition and margin expansion," he added.
SNAP Price Action: Shares of Snap had risen by 16.99% to $12.74 at the time of publication on Wednesday.
Read More: • <a href="https://www.benzinga.com/news/24/10/41618021/snap-touts-new-ad-formats-and-simple-snapchat-10m-users-trial-growth-driving-feature">Snap Touts New Ad Formats And &#8216;Simple Snapchat&#8217; — 10M Users Trial Growth-Driving Feature</a>
Photo: Shutterstock

Analyst Color

Earnings Beats

Guidance

Reiteration

Snap Stock Soars After Q3 Earnings Beat: Analysts Optimistic But Say 'Challenges Remain'

JMP Securities analyst Andrew Boone maintains Snap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) with a Market Outperform and lowers the price target from $17 to $16.

JMP Securities Maintains Market Outperform on Snap, Lowers Price Target to $16

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Barclays cut Qorvo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) price target from $120 to $90. Barclays analyst Tom O&#8217;Malley maintained an Equal-Weight rating. Qorvo shares closed at $100.48 on Tuesday. See how other analysts view this stock.</li>
<li>B of A Securities raised the price target for Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) from $13 to $14. B of A Securities analyst Justin Post maintained a Neutral rating. Snap shares closed at $10.89 on Tuesday. <a href="https://www.benzinga.com/quote/SNAP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley raised the price target for Zebra Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBRA#NASDAQ">ZBRA</a>) from $290 to $305. Morgan Stanley analyst Meta Marshall maintained an Underweight rating. Zebra Technologies shares closed at $384.68 on Tuesday. <a href="https://www.benzinga.com/quote/ZBRA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Northland Capital Markets slashed Transcat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNS#NASDAQ">TRNS</a>) price target from $130 to $110. Northland Capital Markets analyst Ted Jackson maintained a Market Perform rating. Transcat shares settled at $99.45 on Tuesday. <a href="https://www.benzinga.com/quote/TRNS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stephens &amp; Co. cut Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) price target from $66 to $65. Stephens &amp; Co. analyst Jim Salera maintained an Equal-Weight rating. Chipotle shares closed at $60.49 on Tuesday. <a href="https://www.benzinga.com/quote/CMG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies cut e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) price target from $220 to $175. Jefferies analyst Ashley Helgans maintained a Buy rating. e.l.f. Beauty shares closed at $113.27 on Tuesday. <a href="https://www.benzinga.com/quote/ELF/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>CIBC boosted the price target for Waste Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) from $213 to $228. CIBC analyst Kevin Chiang maintained a Neutral rating. Planet Fitness shares settled at $219.11 on Tuesday. <a href="https://www.benzinga.com/quote/WM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Canaccord Genuity raised PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) price target from $80 to $96. Canaccord Genuity analyst Joseph Vafi maintained a Buy rating. PayPal shares closed at $80.28 on Tuesday. <a href="https://www.benzinga.com/quote/PYPL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Roth MKM increased the price target for Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) from $154 to $158. Roth MKM analyst Eric Handler maintained a Neutral rating. Electronic Arts shares closed at $145.62 on Tuesday. <a href="https://www.benzinga.com/quote/EA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities boosted Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) price target from $220 to $225. Truist Securities analyst Youssef Squali maintained a Buy rating. Alphabet shares closed at $169.68 on Tuesday. <a href="https://www.benzinga.com/quote/GOOG/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying GOOG stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="560" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/30140958/image-313-1024x560.png" alt="" class="wp-image-622467" style="width:607px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/30140958/image-313-1024x560.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/30140958/image-313-300x164.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/30140958/image-313-768x420.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/30140958/image-313.png 1215w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Alphabet To Rally Around 33%? Here Are 10 Top Analyst Forecasts For Wednesday

B of A Securities analyst Justin Post maintains Snap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) with a Neutral and raises the price target from $13 to $14.

B of A Securities Maintains Neutral on Snap, Raises Price Target to $14

Wall Street experienced a mixed trading session on Wednesday as investors weigh a batch of corporate earnings <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41623984/us-economy-grows-less-than-expected-in-q3-yet-private-employment-soars-by-233-000">and fresh economic data.</a>
The U.S. economy grew at an annualized rate of 2.8% in the third quarter, according to advance estimates. This marks a slight deceleration from the previous quarter's 3% pace and falls short of analyst expectations of 3%.
On the employment front, the ADP National Employment report showed private payrolls surged by 233,000 in October —well above the 115,000 forecast and a significant increase from the revised 159,000 in September. This stronger-than-expected job growth underscores the resilience of the labor market ahead of Friday&#8217;s official jobs report.
In corporate news, Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) dropped 10% after posting quarterly results that met expectations but failed to excite investors. The decline in AMD shares dragged down the broader semiconductor sector, with the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) sliding over 3%.
In contrast, Alphabet Inc. jumped more than 5% following a robust earnings report that beat Wall Street expectations, boosting optimism around mega-cap tech stocks.
At midday, major U.S. indexes were trading mixed. The S&amp;P 500 and the tech-heavy Nasdaq 100 remained flat, while the small-cap Russell 2000 outperformed with a 0.5% gain.
Gold prices extended all-time highs, up 0.5% to $2,787 per ounce. Oil prices surged 2%, fueled by supply concerns.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) eased 0.8% to $72,100, pulling back from recent highs.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>1-day %</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,246.40</td>
<td>0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,309.80</td>
<td>0.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,838.86</td>
<td>0.1 %</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,505.98</td>
<td>-0.1%</td>
</tr>
</tbody>
</table>
</figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent103024&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) inched 0.1% higher to $582.16.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.2% to $423.25.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) eased 0.2% to $499.18.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.5% to $222.76.</li>
<li>The Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) outperformed, up by 1.3%. The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 0.9%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul>
<li>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) tumbled 33% after auditors Ernst &amp; Young announced their resignation amid reporting issues, five days ahead of the company&#8217;s earnings report. </li>
</ul>
Large-cap stocks reacting to earnings were:
<ul>
<li>Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>), down 8%, </li>
<li>Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), up 3.6%, </li>
<li>AbbVie Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) up over 5%, </li>
<li>Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), down 1.4%, </li>
<li>Chubb Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>), down 1%,</li>
<li>Mondelez International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>), up 1%, </li>
<li>Chipotle Mexican Grill Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), down over 7%, </li>
<li>Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>), up 15%,</li>
<li>Reddit Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), up 38%, </li>
<li>Automatic Data Processing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADP#NASDAQ">ADP</a>), up 1%, </li>
<li>Garmin Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>), up 24%. </li>
</ul>
Major companies reporting earnings after the close Wednesday include Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Amgen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>), and Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>).
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41629264/alphabets-earnings-rally-pushes-magnificent-7-market-cap-to-record-16-8-trillion-10-tech-heavy-e">Alphabet&#8217;s Earnings Rally Pushes Magnificent 7 Market Cap To Record $16.8 Trillion: 10 Tech-Heavy ETFs Moving Wednesday</a></li>
</ul>
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<h3>Gainers</h3>
<ul>
<li>Reddit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) shares rose 38.5% to $113.26 during Wednesday's regular session. The company's market cap stands at $18.7 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Haoxi Health Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAO#NASDAQ">HAO</a>) stock moved upwards by 23.27% to $0.22. The company's market cap stands at $8.0 million. As per the news, the FY earnings report came out yesterday. </li>
<li>Snap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) shares rose 14.0% to $12.41. The company's market cap stands at $20.6 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Asset Entities (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) shares rose 13.8% to $1.08. The company's market cap stands at $3.7 million. </li>
<li>E W Scripps (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSP#NASDAQ">SSP</a>) shares increased by 12.29% to $3.38. The market value of their outstanding shares is at $288.6 million. </li>
<li>BuzzFeed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZFD#NASDAQ">BZFD</a>) shares increased by 12.15% to $2.81. The company's market cap stands at $106.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>ATN International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATNI#NASDAQ">ATNI</a>) shares decreased by 24.6% to $23.79 during Wednesday's regular session. The market value of their outstanding shares is at $359.5 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Trump Media &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares declined by 22.46% to $39.95. The company's market cap stands at $7.9 billion. </li>
<li>Criteo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRTO#NASDAQ">CRTO</a>) stock declined by 19.79% to $34.22. The market value of their outstanding shares is at $1.9 billion. As per the press release, Q3 earnings came out today. </li>
<li>Thryv Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THRY#NASDAQ">THRY</a>) shares decreased by 18.43% to $14.96. The company's market cap stands at $543.0 million. </li>
<li>Giftify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GIFT#NASDAQ">GIFT</a>) stock decreased by 15.03% to $1.47. The company's market cap stands at $38.3 million. </li>
<li>TuanChe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TC#NASDAQ">TC</a>) stock fell 10.77% to $1.16. The company's market cap stands at $2.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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