Bank of America initiated coverage of Credo Technology Group Holding Ltd (NASDAQ:CRDO) with a Buy rating and a $175 price target, arguing the market is significantly underestimating the company’s role in the artificial intelligence infrastructure buildout.
The brokerage said it views Credo as a “premium growth name” trading at a discounted valuation, citing a disconnect between investor perception and the company’s actual opportunity over the next several years, particularly in AI-driven data center connectivity.
Spotify Technology SA (NYSE:SPOT) is going into its first quarter earnings report on April 28 with a generally positive setup, according to Jefferies analysts who maintained their ‘Buy’ rating on the music streaming platform.
The analysts have a $650 price target on Spotify, which traded up almost 5% at about $498 on Monday afternoon.
Sandisk (NASDAQ:SNDK) shares rose about 6% to about $905 on the news that the company will be added to the Nasdaq-100 Index prior to the market open on Monday, April 20.
The flash memory storage company replaces Atlassian in the index, which has seen its shares fall more than 62% so far this year.
Replimune Group (NASDAQ:REPL) shares fell roughly 63% following the company’s disclosure that it received a Complete Response Letter (CRL) from the US Food and Drug Administration, effectively blocking the approval of its lead melanoma therapy RP1 in combination with nivolumab.
The decision represents a significant setback for the biotechnology company, which had been seeking approval based on data from its IGNYTE clinical program in patients with advanced melanoma who had progressed on prior anti-PD-1 therapy.
Shares of Conagra Brands Inc (NYSE:CAG) were down more than 5.6% on Monday after the packaged food company announced that CEO Sean Connolly will step down.
John Brase, most recently president and chief operating officer at Smucker's, will assume the CEO role at the consumer goods company.
Ocean Power Technologies Inc (NYSE-A:OPTT) has announced the deployment of its first PowerBuoy system under a contract with the US Department of Homeland Security, marking an operational milestone for the company’s offshore monitoring technology.
The system has been installed off the coast of California and is intended to support maritime domain awareness efforts for the United States Coast Guard.
Goldman Sachs Group Inc (NYSE:GS, XETRA:GOS) shares fell about 4% in early trade on Monday despite the firm reporting first quarter earnings and revenue that exceeded analyst expectations, as investors weighed mixed performance across its divisions alongside a rise in credit costs.
The bank reported net revenues of $17.23 billion for the quarter ended March 31, 2026, up 14% year-over-year and 28% higher than the prior quarter. This beat estimates of $16.97 billion.
M2i Global Inc (OTC:MTWO) and Volato Group (NYSE:SOAR) announced that they are aiming to complete their proposed merger in late May 2026, after clearing a key regulatory step that allows the transaction to move forward to a shareholder vote.
The US Securities and Exchange Commission (SEC) has declared effective the companies’ Form S-4 registration statement, a required filing for stock-based mergers.
Shell PLC (LSE:SHEL, NYSE:SHEL) and BP PLC (LSE:BP.) shares moved higher at the start of the week, outperforming a weaker wider market as oil prices surged on the back of failed talks between the US and Iran.
The FTSE 100 fell in early trading, with the two oil majors among the fewer than 20 London blue chips that were heading in the other direction, with Shell rising 1.3% and BP 1.2%.