Shopify Inc (TSX:SH., NYSE:SHOP) shares moved higher after the e-commerce platform was upgraded to ‘Outperform’ by Wedbush analysts.
The analysts, who boosted the stock from a ‘Neutral’ rating, also raised their price target on Shopify to $125 from $115.
Shares of GoviEx Uranium Inc (TSX-V:GXU, OTCQX:GVXXF) were up around 8% to start the trading week in Canada after the company offered a positive outlook to advance its Muntanga project in 2025.
In the letter, executive chair Govind Friedland called 2024 “a year to refocus” as it started to prioritize work on the Zambian uranium property, which Friedland called “a critical part of our portfolio.”
Shares of Palantir Technologies Inc (NYSE:PLTR) dropped more than 5% on Monday after Morgan Stanley (NYSE:MS) analysts initiated coverage with an 'Underweight' rating and a $60 price target.
Analysts cited concerns about the stock’s valuation and limited near-term growth potential despite its 340% surge in 2024, which Morgan Stanley (NYSE:MS) noted was driven primarily by multiple expansion rather than substantial revenue gains.
Next week’s CES 2025 in Las Vegas promises to deliver updates across the consumer technology spectrum, with NVIDIA Corp (NASDAQ:NVDA, ETR:NVD), Advanced Micro Devices Inc (NASDAQ:AMD, ETR:AMD), and Intel Corp (NASDAQ:INTC, ETR:INL) expected to reveal key developments.
For Nvidia watchers, the spotlight will be on gaming, AI, and robotics. Nvidia's announcements, in particular, could set the tone for broader trends in consumer technology, leaving industry watchers eager to gauge the ripple effects across the sector.
Lucid Group Inc (NASDAQ:LCID) shares rose nearly 5% on Monday morning after the luxury electric vehicle maker reported fourth-quarter deliveries that exceeded expectations, driven by price cuts and attractive financing offers.
The Saudi-backed automaker delivered 3,099 vehicles in the quarter ended December 31, surpassing analysts’ estimates of 2,637, an 11% increase from the previous quarter and a 78% jump from a year earlier.
Shares in Smarttech247 Group PLC (LSE:S247) rose 16% after the cybersecurity firm reported a 50% increase in annual recurring revenue for the last financial year.
Overall, turnover is expected to exceed €13 million, an 8% year-on-year increase, with adjusted EBITDA surpassing €1.3 million.