Bank of America analysts have raised their price target on ‘Buy’-rated Netflix Inc (NASDAQ:NFLX, ETR:NFC) to $1,490 from their earlier $1,175, citing continued confidence in the company's momentum and market positioning.
With shares trading hands on Friday at about $1,190, the new target implies significant upside, driven by Netflix's dominant presence in streaming, expanding advertising footprint, and an upcoming wave of compelling content.
Ulta Beauty Inc (NASDAQ:ULTA) shares jumped more than 11% after it reported better-than-expected first quarter earnings and raised its full-year guidance.
Earnings per share of $6.70 were significantly higher than the Wall Street estimate of $5.77.
Zscaler Inc. (NASDAQ:ZS) shares added more than 8% on Friday as the cybersecurity firm delivered a beat and raise for the fiscal third quarter of 2025.
The company now expects full-year revenue in the range of $2.659 billion to $2.661 billion, up from the prior guidance of $2.640 billion to $2.654 billion.
American Eagle Outfitters Inc. (NYSE:AEO) reported soft financial results for the first quarter, in line with its preliminary release, as a $75 million write-down in spring and summer merchandise weighed on its performance.
Earlier this month, the company pulled its full-year outlook citing macroeconomic uncertainty.
Arrow Exploration Corp (TSX-V:AXL, AIM:AXL, OTC:CSTPF) shares will be driven higher by its ongoing and regular drill activity, that’s according to analysts at Zeus Capital.
The London-based stockbroker has repeated a ‘Buy’ recommendation with a price target pitched at 45p, compared to Arrow’s current market price of around 16.3p.
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) is ramping up its lithium investments, notably with the recent US$6.7 billion acquisition of Arcadium, a leading lithium producer formed from the merger of Australia's Allkem and America's Livent.
This substantial move follows the earlier US$825 million investment in Argentina’s Rincon project, significantly enhancing Rio’s lithium capacity.