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Results for "Evercore ISI"

118 stories found

Meta Agrees to $18 Billion Settlement Over Teen Social Media Addiction Claims
BusinessAPReutersBBC+35bloombergeconomistFTThe GuardianNPRAl JazeeraCNNFox News+27 more11h ago38 sources

Meta Agrees to $18 Billion Settlement Over Teen Social Media Addiction Claims

Meta has agreed to pay up to $18 billion to resolve longstanding lawsuits from U.S. states and federal agencies alleging that its social media platforms contributed to teen mental health crises and addiction. The landmark financial agreement comes amid intensifying regulatory scrutiny over tech companies' responsibilities regarding youth safety online.

Evercore ISI and Citizens Reiterate Outperform Ratings for Tech Giants
BusinessYahoo1mo ago

Evercore ISI and Citizens Reiterate Outperform Ratings for Tech Giants

Evercore ISI reiterated an Outperform rating on Meta Platforms (META) citing AI subscriptions as a growth driver, while Citizens reiterated a Market Outperform rating on Salesforce (CRM) following its Fin acquisition and Agentforce expansion. These analyst ratings reflect positive outlooks for both tech companies based on their strategic initiatives and market performance.

SpaceX IPO Exceeds Expectations, Shares Surge
BusinessBBCbloombergNYT+13cnbcberlingskemarketwatchforbesYahooTimes of Indiahindustan-timesndtv+5 more2mo ago16 sources

SpaceX IPO Exceeds Expectations, Shares Surge

SpaceX's initial public offering (IPO) raised significantly more than initially thought, with reports indicating an additional $10 billion. The strong investor demand, including from retail brokers, led to a substantial surge in the company's share price following its market debut.

S&P 500 Market Rally Compared to 1982 Trends
Businessmarketwatch4mo ago

S&P 500 Market Rally Compared to 1982 Trends

An analysis by Evercore ISI suggests that the rapid shift of the S&P 500 from oversold to overbought conditions mirrors a pattern last observed in 1982, potentially indicating a path to 10,675.

Analysts Raise Price Targets for Apple and Affirm
BusinessYahoo3mo ago

Analysts Raise Price Targets for Apple and Affirm

Investment firms Evercore ISI and Mizuho have increased their price targets for Apple and Affirm, respectively. The revised targets reflect strong performance, with Apple's services compounding and Affirm's goal of $100 billion GMV powering bullish cases.

Businessbloomberg13d ago

Odds of Fed Rate Hike May Rise, Causing Market Volatility

Julian Emanuel, Evercore ISI chief equity & quantitative strategist, suggests that the odds of a Federal Reserve interest rate hike may continue to increase ahead of the next decision in September. This could lead to increased market volatility.

Occidental Petroleum Stock Rises on Evercore ISI Upgrade
BusinessYahooseeking-alpha1mo ago2 sources

Occidental Petroleum Stock Rises on Evercore ISI Upgrade

Occidental Petroleum's stock saw a significant jump after Evercore ISI double-upgraded the company, citing improving financials. This positive outlook contributed to a 4% rise in its shares, outperforming competitors like ExxonMobil and Chevron.