Uber Technologies (NYSE:UBER) shares are trading defensively Monday as a decision by a UK court affecting rival private taxi operators weighs on the stock. According to Reuters, the UK Court of Appeal overturned a lower court ruling that would have required UK taxi operators to pay a 20% value-added taxContinue Reading
kodda/iStock via Getty Images Kinetik Holdings (NYSE:KNTK) +0.5% in Wednesday’s trading as Barclays initiates coverage with an Equal Weight rating and $443 price target, saying it sees “a clear pathway of incremental growth as acquisitions and projects contribute further” in H2 2024 and beyond. Barclays analyst Theresa Chen thinks Kinetik’sContinue Reading
Wells Fargo downgraded Bumble (NASDAQ:BMBL) to “Equal Weight” from a previous investment rating of “Overweight,” citing that buzz around the dating app platform’s April relaunch drove a “bump” in trends but barely any benefits were observed from it. The bank believes reacceleration is “likely more challenging” in the second halfContinue Reading
jewhyte Microsoft (NASDAQ:MSFT) has been at the forefront of the generative artificial intelligence revolution, and a deeper dive suggests that the efficiency of its spending is close to year four or five of its Azure build out, Goldman Sachs analysts said. Despite the fact Microsoft is roughly a year intoContinue Reading
