Bumble Inc (NASDAQ:BMBL) shares soared more than 10% after the online dating platform posted third quarter revenue and earnings above Street estimates and maintained its full-year guidance.
Revenue of $273.6 million topped estimates of $271.7 million while earnings before interest, taxes, depreciation and amortization (EBITDA) of $82.6 million topped estimates of $78.8 million, attributed by Bank of America analysts to operation expenses (OPEX) efficiencies.
All eyes are on DLP Resources Inc (TSX-V:DLP, OTCQB:DLPRF), the TSX Venture Exchange-listed junior with its growing mineral assets and upcoming resource estimates.
So says Fundamental Research, which initiated coverage of stock in the ambitious exploration group with a 'Buy' recommendation and 'fair value' estimate of $0.56 - more than double the current share price.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) has been tipped as a ‘buy’ as it confirmed a successful result in its latest horizontal well, CNB HZ-6.
Zeus Capital, in a note, repeated its recommendation and highlighted a price target of 48.8p, suggesting the dual-listed firm’s value could double from the current price of 24.05p.
Wedbush has upgraded Pinterest Inc (NYSE:PINS) to an ‘outperform’ rating from ‘neutral’ with a 12-month share price target of $38.
“We think the company is executing well against its user engagement and monetization strategies and remains on pace to deliver growth and profits in line with its multi-year guidance framework,” said analysts.
Shares in Faron Pharmaceuticals Limited (AIM:FARN) rose 11% after the company announced a patent application for a new treatment targeting autoimmune diseases and inflammatory disorders.
Faron’s research has found that the protein Clever-1, produced by certain immune and blood vessel cells, can bind to T-cells—immune cells critical for fighting infections.
Target Corp (NYSE:TGT) is expected to post lower-than-expected sales in its upcoming third-quarter earnings report, according to Citi analysts.
Citi projects comparable sales growth at 1%, compared to the market’s 1.6% expectation.
UBS has reaffirmed its 'sell' rating on BT Group PLC (LSE:BT.A), setting a price target of 115 pence, after the telco's second-quarter results revealed challenges in revenue growth and rising expenses.
The first key issue for BT is weaker-than-expected revenue in its Business division, which has led the company to adjust its fiscal year 2025 forecast to a 1-2% revenue decline.
Lloyds Banking Group PLC (LSE:LLOY) potential financial risk due to motor finance loans is manageable, according to Deutsche Bank, which reaffirmed its 'buy' rating on the stock, with a slightly reduced price target of 80 pence (down from 83p).
Since 2007, Lloyds has collected an estimated £5.7 billion in interest on £56 billion in motor finance loans.
Hydrogen has gone off the oil recently as the sector continues to face delays, with financial investment decisions (FIDs) remaining limited.
US bank Jefferies still sees potential for certain companies within the industry that are showing varying degrees of resilience and outlook improvements.
Vistry Group PLC (LSE:VTY) latest update pointed to issues other than just cost overruns in its southern division, notes Deutsche Bank.
In addition, Vistry stated trading in the partner market has been slower than expected and cost inflation is starting to emerge.
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) has reported a surge in demand for its technology with over 2.6 million vehicles across eight automotive programmes now equipped with its driver monitoring systems (DMS).
This figure represents a 100% increase from the same period last year - and was achieved against a tough backdrop for the automotive industry.
Following Asda’s warning of price hikes due to tax increases in last month’s Budget, Shore Capital analysts have forecast Tesco PLC will signal a £250 million uplift in costs.
Asda last week became the latest to flag up a jump in costs following the Budget, which saw employer national insurance contributions (NIC) lifted from 13.8% to 15% and the threshold at which these are paid cut from £9,100 to £5,000.
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) exploration update from its Motapa project in Zimbabwe is encouraging says house broker Panmure Liberum, especially with it earmarked to play a key part in the miner’s growth prospects.
Motapa is immediately adjacent to the Bilboes project with historical open pits on Motapa North just a few hundred metres from the planned sulphide process plant.
Kainos Group PLC (LSE:KNOS) shares topped the FTSE 250 on Monday after it unveiled a £30 million share buyback and reported half-year results two weeks after issuing a profit warning.
The results from the IT products and services provider for the six months ended 30 September showed revenue down 5% to £183.1 million and adjusted profit before tax growth of 1% to £38.2 million.
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) posted a robust set of user numbers for its driver monitoring system (DMS) despite the difficult automotive market, according to Stifel.
DMS production volumes reached 405,669 units in the financial first quarter, an 83% rise from the prior year. The American investment bank said, annualised, the figure could hit 1.9 million new units.
NatWest Group PLC (LSE:NWG) shares climbed after it agreed to buy back £1 billion of shares from the government, which analysts saw as bringing forward some of the shareholder distributions it would have made in the next year or so.
HM Treasury's stake in the bank has reduced from 14.2% to about 11.4%, which also takes into account additional share sales by the government into the market under the ongoing trading plan.