Rivian Automotive Inc (NASDAQ:RIVN) saw its 12-month price target raised to $25 from $16 by Wedbush, which maintained an “Outperform” rating on the electric vehicle maker.
Shares of Rivian traded up about 9.5% at $22 on Friday morning.
Blackberry (TSX:BB) reported third quarter fiscal 2026 results on Friday, posting earnings and revenue above analyst expectations, but shares fell about 10% as investors focused on guidance and near-term outlook.
For the quarter ended November 30, 2025, the company reported non-GAAP earnings per share of $0.05, ahead of the Wall Street consensus of $0.04.
FedEx Corp (NYSE:FDX, XETRA:FDX) reported higher earnings and revenue for its fiscal second quarter ended November 30, and raised its full-year fiscal 2026 outlook.
The parcel delivery company posted revenue of $23.5 billion, up from $22 billion a year earlier and above Wall Street estimates of about $22.85 billion.
TikTok has struck a deal to form a joint venture with US and Gulf investors in a bid to resolve longstanding national security concerns and avoid a ban in the United States, five years after then-president Donald Trump first threatened to block the video-sharing app.
Under the terms of the deal, TikTok’s Beijing-based parent ByteDance will retain a minority stake, while operational control of the platform’s US data protection, algorithm oversight and content moderation will be transferred to the newly formed venture.
Mirriad Advertising PLC (AIM:MIRI, OTCQX:MMDDF) shares fell 29.5% to 0.006p after the virtual product placement company said it expects to report full-year revenue of approximately £200,000 generated in the second half of the year.
This means the whole of 2025 saw around £0.4 million of turnover, down 73% compared to the £1.5 million reported for 2024, although recognising some additional income is expected before the year-end.