Shopify Inc (TSX:SH., NYSE:SHOP) delivered strong fourth quarter financial results and provided encouraging guidance for the first quarter of 2026, prompting Jefferies analysts to maintain their ‘Hold’ rating on the stock with a $125 price target.
Shares of Shopify added 9% to trade just shy of this target at about $124 on Wednesday afternoon.
Jefferies analysts have offered a cautiously optimistic take on Palo Alto Networks Inc (NYSE:PANW, XETRA:5AP)’ fiscal second quarter results, highlighting both near-term challenges from acquisitions and confidence in the company’s longer-term outlook.
The firm noted that while most top-line metrics for F2Q came in modestly above guidance, the performance of the services business was a disappointment.
Moderna Inc (NASDAQ:MRNA, XETRA:0QF) announced that the US Food and Drug Administration (FDA) will initiate review of its investigational seasonal influenza vaccine, mRNA-1010, following a Type A meeting between the company and the agency.
Shares of Moderna added 6.5% at about $47 on the update.
Wingstop Inc (NASDAQ:WING) has reported fourth quarter results that topped Wall Street expectations for earnings per share, sending the stock almost 15% higher on Wednesday morning, even as total revenue fell slightly short of analyst projections.
The fast-food chain reported fourth quarter revenue of $175.7 million, up 8.6% from the same period last year but below the $177.8 million expected by analysts.
Shares in AFC Energy PLC (AIM:AFC, OTC:AFGYF, FRA:QC8) rose 4% to 12.78p after the company secured a revision to its research and development permit, allowing it to export and sell low-carbon hydrogen from its pilot ammonia-cracking plant.
AFC, a London-listed hydrogen power technology company, said the UK Environment Agency had agreed to amend the permit to allow sales to hydrogen off-takers, accelerating revenue generation from low-carbon hydrogen production by several months.