Shares of pet food company Freshpet (NASDAQ:FRPT) jumped 7.9% in the afternoon session after Jefferies upgraded the stock's rating from Hold to Buy and assigned a price target of $150, which implied a potential 40% upside, citing its attractive valuation. The firm added, "...Valuation is at a five-year low; we think FRPT shares are worth 50% above where it is trading."
Shares of cloud computing provider DigitalOcean (NYSE: DOCN) fell 6.1% in the morning session as markets continued to struggle following the broad selloff triggered by weak economic data in the previous week. On Friday, February 21, 2025, the S&P 500 dropped 1.7%, and the Nasdaq fell 2.2% after PMI numbers showed the U.S. services sector contracted, and the University of Michigan's consumer sentiment index came in below expectations.
Keep an eye on the market's leadership stocks. They could be flashing a warning sign.
Readers shared their views with Yahoo Finance on why Nvidia's stock may look "cheap" on a price-to-earnings ratio basis.
Even though Tesla shares are down this year on investor worries that CEO Elon Musk is too focused on the cost-cutting department DOGE, Wedbush stuck with its $550 price target and outperform call on the EV maker.
Small-cap stocks fell further into correction territory on Monday as equities continued to stumble amid heightened economic uncertainty.
U.S. equities were mixed at midday, with early gains tempered by falling tech shares.
In response, Microsoft told BI it "may strategically pace or adjust our infrastructure in some areas" and would "continue to grow strongly."
Bridge Investment Group Holdings shares took off Monday as the real-estate investment firm agreed to be purchased by Apollo Global Management for $1.5 billion.
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