The Dow had a big day yesterday — so did Reddit. Here’s what our research team is following today:
🔥 HOT: Health and home and beauty designer Helen of Troy (NASDAQ: HELE) gained 17.9% on Wednesday after beating its earnings and revenue estimates by 15.6% and 3.4%, respectively. The company’s third-quarter sales decreased 3.5% year over year, but that didn’t stymie the market’s enthusiasm for the stock’s unexpected outperformance. Despite Wednesday’s gain, HELE remains down 38.6% YTD.
🥶 NOT: Internet ranking and keyword research company SEMrush (NYSE: SEMR) lost 3.7% on Wednesday as it continues to struggle after Google’s major SEO changes earlier this year. Analysts continue to rate the company as neutral, although SEMR has lost 2.6% this year after gaining more than 65% in 2023. The future for SEMrush is uncertain as the search industry transitions from traditional search engines to AI-based tools, which dramatically reduces the impact of SEO tools.
🔥 HOT: Shares of Reddit (NYSE: RDDT) gained 0.3% on Wednesday after Jefferies initiated its coverage of the social media giant with a buy rating and a price target of $90 per share. Needham also raised its price target for the company from $75 to $85 per share. Reddit closed Wednesday trading at $71.00 per share, so analysts see the current upside for the stock as between 20% and 27%.
🥶 NOT: Uranium producer Energy Fuels (NYSE: UUUU) lost 3.6% on Wednesday despite overall enthusiasm for the stock as experts tout nuclear power as a viable option for meeting the country’s ever-increasing energy needs. UUUU is down 25.4% YTD yet maintains a strong buy rating from top Wall Street analysis firms. UUUU’s five-year return is 175%.
📈 Want more? Check out the biggest winners and biggest losers on WSZ.
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⭐ Upcoming earnings (10/17)
Analyst/Firm: Doug Anmuth / JP Morgan
Analyst ranking: Top 1% / average return +32.12% / win rate 70%
Yesterday’s market close: $727.43
Price target: $750.00
1-year chart for NFLX, courtesy TradingView
Analyst/Firm: C J Muse / Cantor Fitzgerald
Analyst ranking: Top 3% / average return +25.3% / win rate 62%
Yesterday’s market close: $132.65
Price target: $175.00
1-year chart for NVDA, courtesy TradingView
⭐ Upcoming earnings (10/22)
Analyst/Firm: Joel Fishbein / Truist Securities
Analyst ranking: Top 10% / average return +9.43% / win rate 61%
Yesterday’s market close: $417.46
Price target: $600.00
1-year chart for MSFT, courtesy TradingView
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