Spotify Technology SA (NYSE:SPOT) remains a top pick for Jefferies following the company’s 2026 Investor Day, which the firm characterized as more “product-focused” than expected and which prompted a price target increase to $600 from $540.
Shares of Spotify traded up almost 8% at about $528 on Friday afternoon.
Take-Two Interactive Software Inc (NASDAQ:TTWO)’s quarterly results were viewed positively by Wedbush analysts, who pointed to broad-based portfolio strength and reaffirmed confidence in the company’s outlook despite a softer-than-expected fiscal 2027 bookings guide.
Investors weren’t so upbeat, sending shares of Take-Two down more than 4% to about $228 on Friday morning.
IMAX Corp (NYSE:IMAX) is exploring a sale and has approached entertainment companies as potential buyers, the Wall Street Journal reported on Friday, sending shares of the premium cinema operator up 14.2%.
The process is early and may not lead to a deal, according to the report.
Estee Lauder Companies Inc (NYSE:EL, XETRA:ELAA) shares rose about 10% on Wednesday after the company confirmed it has ended discussions with Puig regarding a potential business combination, removing uncertainty around a deal that had been under consideration since March.
In a statement, Estée Lauder said both parties have terminated talks on the proposed transaction, noting there is no agreement in place.
Snail Inc (NASDAQ:SNAL) told investors on Friday that it is continuing to expand its international game development network through partnerships with three Poland-based studios as part of its broader global growth strategy.
The company, through its subsidiary Wandering Wizard, highlighted its collaborations with Above The Desk, developer of Above the Snow; Donkey Crew, creator of Bellwright; and Frozen Way Games, which is developing Honeycomb: The World Beyond.
American Resources Corp (NASDAQ:AREC) announced that its affiliated minority company ReElement Technologies has formed a joint venture with South Korea’s POSCO International to develop an integrated rare earth refining and permanent magnet manufacturing operation in the United States.
The companies plan to invest about $200 million in the project, which is intended to establish a domestic supply chain spanning feedstock sourcing, separation, purification, and refining, and permanent magnet production. Final site selection is currently underway.
EnWave Corp (TSX-V:ENW, OTC:NWVCF, FRA:E4U) announced it has inked a technology evaluation and license option agreement with one of the world's largest multinational food companies.
The agreement calls for the partner to evaluate REV technology at commercial scale across a range of food categories it serves globally.
Zoom Technologies Inc (NASDAQ:ZOOM) reported first quarter results that topped Wall Street expectations, driven by stronger enterprise demand and rapid adoption of its AI features, sending shares up roughly 12% in Friday morning trading.
The company posted adjusted earnings per share of $1.55, ahead of analyst estimates of about $1.41, while revenue rose to $1.24 billion versus consensus expectations of $1.22 billion.
Workday Inc (NASDAQ:WDAY) shares rose 8% after the enterprise software company reported first quarter results that topped Wall Street expectations and raised its full-year profitability outlook.
The company reported adjusted earnings of $2.66 per share for the quarter, ahead of analyst estimates of $2.49 per share. Revenue increased 13.5% year over year to $2.54 billion, exceeding consensus expectations of $2.52 billion.
Shares in Ceres Power Holdings PLC (LSE:CWR, OTC:CPWHF), the clean energy technology group, jumped 17% to 779.3p on Friday after UBS raised its price target to 970p from 570p, citing a dramatic increase in expected royalty income from manufacturing partners.
The investment bank, which reiterated its buy rating, said it had increased its forecast for cumulative solid oxide fuel cell (SOFC) shipments by 60% to 1.8 gigawatts by 2030, delivering royalties of more than £100 million that year alone.
Arkle Resources PLC (AIM:ARK) shares moved up, rising 12% to 0.73p, after it told investors it has accelerated drilling at its Erongo uranium project in Namibia after Phase 1 geophysical work defined multiple targets across two mineralisation styles.
The AIM-listed explorer said the Eastern EPL 8995 paleochannel target is now drill-ready, with around 1,500 metres of reverse circulation drilling planned from June 2026, or at the earliest contractor availability.
Shares in Ceres Power Holdings PLC (LSE:CWR, OTC:CPWHF), the Horsham-based developer of solid oxide fuel cell and electrolyser technology, jumped 15% to 765.8p on Friday in the absence of any formal announcement from the company.
Bulletin board chatter pointed to a reported price target upgrade from UBS to 970p as the catalyst, though the note could not be immediately verified (Proactive will update on this later).
Creo Medical Group PLC (AIM:CREO, FRA:1RC, OTC:CMEOF), the medical device company specialising in minimally invasive surgical endoscopy, saw its shares jump 27% to 14.44p after announcing plans to sell its remaining 49% interest in Creo Medical Europe alongside a placing and full-year results.
The company has entered into a non-binding agreement to sell the stake to a vehicle owned by Luis Collantes, the division's chief executive, at an enterprise value in line with its carrying value at the end of 2025, with cash from the deal expected in full at completion.