Increasing competition in the grocery delivery space could send Maplebear lower over the coming months, according to Wedbush Securities. The firm downgraded Maplebear, which does business as Instacart, to underperform from neutral and slashed its price target to $42 from $55, which implies nearly 8% downside from Wednesday’s close. This comes as shares have faced meaningful pressure in recent months, falling more than 13% in the last six and more than 7% in the past month. That was exacerbated by a more than 11% drop earlier in August following the launch of Amazon’s same-day delivery service of fresh foods in…
Author: usaeverydaylife
Here are the biggest calls on Wall Street on Thursday: Wells Fargo downgrades Truist to equal weight from overweight The Wall Street investment bank said its negative on the regional bank’s new strategy. ” TFC’ s new 5-year strategic plan comes with no new metrics and an approach that seems to mirror peer from years ago.” Rosenblatt initiates PubMatic as buy Rosenblatt said it’s bullish on shares of the ad tech company. “Yet, because PubMatic remains a meaningful and capable AdTech player with significant strengths that have made it the #3 [supply side platform], with 4% share, these operating challenges…
Spirit Airlines baggage tags are seen near a check-in counter at the Austin-Bergstrom International Airport on April 10, 2024 in Austin, Texas. Brandon Bell | Getty ImagesIn March, Spirit Airlines came out of bankruptcy protection in less than four months and entered a worsening landscape. Consumers were holding off booking flights and U.S. planes were awash in empty seats. Even the most profitable airlines cut the rosy financial forecasts they had issued at the start of the year.But Spirit, an airline with bright yellow planes that has become synonymous with budget travel in the U.S., now appears on even shakier ground.…
A person holds Google Pixel 10 Pro mobile phones during the ‘Made by Google’ event, organized to introduce the latest additions to Google’s Pixel portfolio of devices, in Brooklyn, New York, U.S., August 20, 2025. Brendan McDermid | ReutersWhile Google made a big splash with its Pixel 10 series of smartphones, it was the software features that were strategically important for the tech giant’s bid to compete with players like OpenAI and Perplexity in consumer AI.As it introduced its latest devices on Wednesday, Alphabet-owned Google showed off a slew of artificial intelligence features that are powered by the firm’s Gemini…
Kansas City Federal Reserve President Jeffrey Schmid expressed doubt about lowering interest rates in September, saying policymakers still have more work to do on inflation.Speaking to CNBC from the Fed’s annual symposium in Jackson Hole, Wyo., Schmid pushed back on market pricing that points strongly to the Federal Open Market Committee lowering its key borrowing rate next month.”We’re in a really good spot, and I think we really have to have very definitive data to be moving that policy rate right now,” he said during a “Squawk Box” interview that aired Thursday. “In September, we’ll get around tables and we’ll…
Hewlett Packard Enterprise should be due for more moves to the upside on the heels of its upcoming quarterly results, Morgan Stanley said Thursday. The firm upgraded the tech services company to overweight from equal weight and increased its price target by $6 to $28, implying 33% upside from Wednesday’s close. This comes as shares have surged about 20% in the past three months, supported by a rise in shares following the closure of the company’s acquisition of Juniper Networks in early July. “Our thesis is straight-forward – with the closure of JNPR, we see 18% upside to FY26 Consensus…
Disney is launching its new ESPN flagship streaming app Thursday, just in time for the football season, bringing customers the full ESPN suite in one place.The entertainment company has been working on the launch of the direct-to-consumer app — which is also named ESPN — for some time. It’s designed to expand access for existing cable subscribers and give sports fans outside the traditional pay TV bundle access to all of ESPN’s content.Tune in at 10 a.m. ET: CNBC’s David Faber interviews Disney CEO Bob Iger and ESPN Chairman Jimmy Pitaro about the launch of the new ESPN streaming app.…
UBS is growing more bullish on Nvidia ahead of the company’s second-quarter earnings results due out next week. On Thursday, the firm reiterated its buy rating on the artificial intelligence chip darling and raised its price target to $205 from $175. That implies nearly 17% upside from Wednesday’s close. “We see overall demand signals as strong as ever (Oncor ~40GW of “high confidence” new load requests for data center just in TX, though some of this may be 2x ordering to “get in line”) and expect NVDA’s commentary to reflect this very strong backdrop with commentary from GB200/GB300 rack partners…
People come to the beach to look at the waves before Hurricane Erin’s near approach, in Kitty Hawk, North Carolina, U.S. August 20, 2025. Maria Alejandra Cardona | ReutersHurricane Erin battered North Carolina’s Outer Banks with strong winds and waves that flooded part of the main highway and surged under beachfront homes as the monster storm slowly began to move away from the East Coast on Thursday.Forecasters predicted the storm would peak Thursday and said it could regain strength and once again become a major hurricane, Category 3 or greater, but it was not forecast to make landfall along the…
Erik Isakson | Digitalvision | Getty ImagesThe U.K. government is facing a legal challenge from campaigners over its decision to override a local authority and wave through development of a new “hyperscale” data center.Last year, the local authority of Buckinghamshire, England, denied planning permission for proposals to build a new 90-megawatt data center on green belt land. The green belt is a term in British town planning that refers to an area of open land on which building is restricted.Data centers, large facilities that house floods of computing systems to enable remote delivery of various IT services, have seen huge…
