AppLovin Corp (NASDAQ:APP) has earned a repeat Buy rating from analysts at Bank of America who believe investors will “soon connect the dots” on the mobile technology company’s long-term growth story.
The bullish recommendation comes after a meeting between the analysts at AppLovin’s CEO in New York City. AppLovin's ability to articulate its strategic vision has been improving, particularly in explaining its competitive edge and market potential, the analysts believe.
Nvidia Corp (NASDAQ:NVDA, ETR:NVD) has earned a repeat Buy rating from analysts at Bank of America who cited the chipmaker’s compelling valuation and expressed confidence in the company’s long-term growth trajectory.
Shares of Nvidia traded hands at their time of writing at about $108, well below the analysts’ price target of $200.
Spotify Technology SA (NYSE:SPOT) shares gained Wednesday after the music streaming service revealed it paid a record $10 billion in royalties to artists in 2024.
Per the Swedish company’s annual Loud & Clear report, payouts to independent artists and labels represented about half of the company’s total royalties for another year at $5 billion.
Ocean Power Technologies Inc (NYSE-A:OPTT) announced that it received a binding letter of intent to deploy a PowerBuoy for an undisclosed customer to demonstrate the system's survivability and suitability for multidomain defense and security applications in extreme sea conditions.
This follows a teaming agreement signed last year with a major international defense contractor to provide its Merrows suite of solutions in select regions.
iRobot Corporation (NASDAQ:IRBT) shares plummeted more than 35% after the company expressed "substantial doubt about the company's ability to continue" operations over the next 12 months.
The Roomba-maker said in a statement that there is “no assurance that the new product launches will be successful due to potential factors, including, but not limited to consumer demand, competition, macroeconomic conditions, and tariff policies.”
Delivra Health Brands Inc. (TSX-V:DHB) announced its Dream Water brand is launching 6-Count Sleep Gummies in the Canadian market.
The health and wellness consumer packaged goods company said this product launch follows the strong market performance of the 60-Count Dream Water Gummies launched in Canada in February last year.
NanoViricides (NYSE-A:NNVC) said on Tuesday that its business remains unaffected by US government tariffs, retaliatory trade policies, or federal spending cuts.
In a statement, the clinical-stage biotech firm highlighted to shareholders that it develops antiviral treatments, not vaccines, and sees growing demand for broad-spectrum antiviral drugs under the policy direction of US Health and Human Services Secretary Robert Kennedy.
Hochschild Mining PLC (LSE:HOC, OTCQX:HCHDF) shares leapt 15% higher as the gold miner restored its dividend and announced its best financial performance for 13 years thanks to the record precious metals prices.
Profit before tax and exceptional items surged 272% to $199.1 million, with EBITDA rising 54% to $421.4 million, on revenue up 37% to $947.7 million for the 2024 calendar year.