A pullback in SailPoint is a buying opportunity that investors shouldn’t overlook, according to JPMorgan. JPMorgan upgraded the identity security stock to overweight from neutral. Its price target of $26 implies more than 37% upside from Tuesday’s close. Shares have pulled back more than 15% in August. SailPoint went public earlier this year. SAIL YTD mountain SailPoint stock in 2025. Analyst Brian Essex labeled the weakness in SailPoint stock as an opportunity “to own a best-of-breed leader at sub-IPO valuation levels.” The pullback in the stock coincides with the lockup period around selling shares, which ended Monday. “We have seen…
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Gildan apparel at a store in Montreal, Quebec, Canada, on Friday, Dec. 15, 2023.Graham Hughes | Bloomberg | Getty ImagesU.S. undergarments maker Hanesbrands has agreed to a takeover by Canada’s Gildan Activewear in a cash-and-stock deal valued at $4.4 billion, the companies said on Wednesday.Shares of Hanesbrands fell 6% in premarket trading after surging as much as 40% a day earlier, when news of the deal first emerged.The Financial Times first reported on the potential deal on Tuesday, followed by other media outlets, including Reuters.The deal caps a turbulent chapter for Hanesbrands, marked by years of underinvestment, heavy debt and…
JD Vance’s U.K. trip has caused a stir, with locals staging a ‘Vance not welcome party’ on Tuesday after the U.S. vice president’s motorcade arrived in the picturesque Cotswolds.”Bullies not welcome here,” read one sign, while another called to “make America moral again.”Other placards mocked the U.S. official more directly, saying “JD Vance’s Netflix password is password” and “JD Vance claps when the plane lands.”A meme image featuring Vance with a bald head was printed on balloons and attached to the front of a popular celebratory “caterpillar” cake and displayed on the side of a van.Residents also faced security checks…
Nvidia should report strong second-quarter results later this month that will drive shares higher, according to Piper Sandler. The firm raised its price target to $225 per share from $180, signaling about 23% upside ahead. It also kept its overweight rating on Nvidia. “We are expecting another positive quarter from NVDA and see upside to numbers for both the July and October quarters,” analyst Harsh Kumar said. “While we are modeling largely in-line for the July quarter and slightly below Street for October, we are calling for upside given the recent positive commentary from U.S. hyperscalers as well as the…
Tom Farley, chief executive officer of Bullish Global, during a Bloomberg Television interview on the sidelines of the Consensus Crypto Conference in Hong Kong, China, on Wednesday, Feb. 19, 2025. Lam Yik | Bloomberg | Getty ImagesCryptocurrency exchange Bullish has priced its initial public offering at $37 per share, above the expected range of $32 to $33 and giving it a total market value of $5.4 billion.The company will raise $1.1 billion in the offering of 30 million shares. In a measure of increased investor appetite, Bullish expanded the number of shares sold in the IPO from 20.3 million, which were…
Marlo Ramirez carries slabs of beef to be prepared for a customer in a grocery store on July 22, 2025 in Miami, Florida. Joe Raedle | Getty ImagesTwo economists who are figuring in prominently for vacancies at the Federal Reserve said Tuesday they don’t believe tariffs cause inflation, a view that would be in line with President Donald Trump’s desire for the central bank to cut interest rates.In separate CNBC interviews, Stephen Miran and James Bullard rejected the idea espoused by many non-White House economists that the duties will lead to longer-term higher prices.Trump has tapped Miran to fill out…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailPuneet Chhatwal, Managing Director & CEO of Indian Hotels Company Limited (IHCL) discusses its plans to expand its flagship Taj Hotels in the UAE, Bahrain and Saudi Arabia as the hotel group taps into the growing GCC-India corridor. He talked about the upcoming opening of the first Taj in Europe in Frankfurt, with Switzerland also in the works. Source link
The Tencent logo is displayed on the exterior of a building at the company’s headquarters, with a surveillance camera visible in the foreground, on November 30, 2024, in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty ImagesTencent on Wednesday reported a 15% jump in second-quarter revenue as a strong performance in its gaming unit and AI investments boosted growth.Here’s how Tencent did in the first quarter of 2025:Revenue: 184.504 billion Chinese yuan ($25.7 billion), compared to 161.117 billion Chinese yuan in the same period last yearOperating profit: 63.052 billion yuan, versus 57.313 billion yuan last yearDomestic games revenue, which accounts…
Hello, I’m Anniek Bao, a China economy and business reporter, filling in for Evelyn this week. Welcome to another edition of The China Connection.This week, I look at how the World Robot Conference put China’s ambitions for humanoid robots on full display, even as engineers and investors acknowledge that integrating them into everyday life is still a distant prospect.BEIJING, CHINA – AUGUST 10: Unitree Robotics robots humanoid robots compete in a boxing match during the 2025 World Robot Conference (WRC) at Beiren Yichuang International Convention and Exhibition Center on August 10, 2025 in Beijing, China. Cui Jun | Visual China…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, Circle shares jump after the stablecoin issuer posted a 53% increase in revenue, driven by strong stablecoin growth in the quarter. Plus, eToro CEO Yoni Assia discusses the retail trading platform’s Q2 earnings results, the firm’s plans to offer staking and what else investors can expect as it relates to the firm’s crypto offerings.12:46Tue, Aug 12 20253:25 PM EDT Source link
