Earlier this week, the company announced a $3 billion investment over three years in its Data & AI practice. The expansion includes new industry solutions, the AI Navigator for Enterprise platform, a Center for Advanced AI, and doubling their AI talent to 80,000 people. The company is set to report its Q3/23 earnings on June 22. Street estimates stand at $3.01 for EPS and $16.49B for revenues.Shift4 Payments upgraded to Outperform SVB Moffett Nathanson upgraded Shift4 Payments (NYSE:FOUR) to Outperform from Market Perform and raised its price target to $80.00 from $75.00. The upgrade was based on several key factors. Firstly, the firm now believes that Shift4’s rapid volume growth is sustainable in the near-to-medium term, prompting it to raise its GMV forecast by approximately 15%. Additionally, Shift4 demonstrates significantly higher profitability compared to its peers, which is a critical advantage in today’s business landscape. The firm also sees a path toward gradual improvement in Shift4’s FCF conversion. 2 more upgrades HSBC upgraded Emerson Electric (NYSE:EMR) to Buy from Hold and raised its price target to $100.00 from $79.00. Domino’s Pizza (NYSE:DPZ) shares rose around 2% pre-market today after Stifel upgraded the company to Buy from Hold and raised its price target to $350.00 from $320.00. Jump on the biggest news for your portfolio amid a barrage of market headlines: Always be the first to know with
The U.S. dollar stabilized in early European trade Thursday near a one-month low after the first day of Federal Reserve Read more
Goldman Sachs (NYSE:GS), BNP Paribas (OTC:BNPQY), Uncredited (BIT:CRDI) and RBC Capital Markets had earlier expected the ECB’s terminal rate to Read more
Toyota shareholders backed the board and voted down the first resolution proposed in 18 years at an annual general meeting Read more
Japan’s benchmark Nikkei gauge surged on Tuesday, closing over 33,000 for the first time in 33 years, led by technology Read more
