Citi Raises Roblox Price Target to $155 Ahead of Q3 Earnings
Citi boosts Roblox price target to $155, maintains Buy rating ahead of October 30 Q3 report, expecting bookings beat and raised 2025 outlook based on positive RoMonitor data.
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Zenas BioPharma Secures $2B+ Deal for MS Drug from InnoCare
Zenas BioPharma acquires global rights to orelabrutinib, an experimental multiple sclerosis drug from InnoCare Pharma, in a licensing deal worth over $2 billion with $120M funding secured.
Penguin Solutions Posts Profit But Forecasts Slower Growth Ahead
Penguin Solutions swings to Q4 profit but expects slower sales growth in fiscal 2026. Stock drops 19% pre-market despite beating earnings estimates for the AI infrastructure company.
JPMorgan Downgrades FedEx Amid Freight Segment Concerns
JPMorgan downgrades FedEx from Overweight to Neutral, cutting price target to $274. Analyst cites freight segment challenges and concerns over earnings guidance.
Confluent Explores Sale as AI Data Demand Surges
Data streaming company Confluent is exploring a potential sale after attracting interest from tech firms and private equity. The $7B company specializes in AI data infrastructure.
Equifax Challenges FICO with Expanded Credit Offerings
Equifax is cutting the price of its VantageScore 4.0 for mortgages by over 50% compared to FICO's new price, driving competition and using alternative data to help millions more Americans get scored.