Bullish reported Q2 adjusted revenue of $92.6 million, a 62% increase year-over-year, beating Wall Street estimates of $87.4 million. The company posted a net loss of over $280 million, mainly due to a $244.6 million write-down on its Bitcoin holdings amid declining crypto prices. Subscription and services revenue hit a record $62.7 million, offsetting weaker digital asset trading volumes, which fell to $32.6 billion from $58.6 billion the prior year. Bullish projects full-year subscription and services revenue between $225 million and $245 million and is on track to complete its $4.2 billion Equiniti acquisition by early 2027, aiming to integrate blockchain with traditional capital markets.
Morgan Stanley lowered Avis Budget Group's price target from $99 to $95 as the company faces a class-action lawsuit accusing major investor Pentwater Capital Management of manipulating its stock price. The lawsuit claims Pentwater artificially inflat...
Deutsche Bank has reiterated a Buy rating for The Estée Lauder Companies, signaling confidence in the stock despite industry challenges like cautious consumer spending and supply-chain risks. Estée Lauder's focus on innovation, brand building, and di...
The Chief Operating Officer of Gen Digital sold 28,248 shares recently. This insider sale could indicate a personal financial decision or a strategic move, which investors might watch closely for signals about the company's outlook. While such sales ...
Needham analyst Mike Cikos raised the price target for ServiceNow to $155, citing the company's AI products surpassing $1 billion in annual contract value (ACV) and a ninefold increase in customers using its agentic AI products. ServiceNow aims to ex...
Analyst firm Cowen & Co. maintained a Hold rating on Paychex (NASDAQ:PAYX) while raising its price target from $98 to $117, reflecting confidence in the company's strong financial performance. Paychex has seen a 30% stock increase over six months, dr...
