Thu, Nov 23, 2023 12:34 PM
Gokak Textiles Consolidated September 2023 Net Sales at Rs 31.87 crore
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Shares of DraftKings (NASDAQ: DKNG) were slightly down following better-than-expected earnings results for the first quarter. The sports betting company's revenue and adjusted operating profit beat the Street's consensus, and management expects more excellent results for the full year. Benchmark Co. analysts maintained a buy rating on the shares but raised the price target from $50 to $52.
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Roku (NASDAQ: ROKU) shares are down 35% year to date and still trading well off the highs from a few years ago. However, the business has turned in profitable growth for three consecutive quarters. The latest earnings results were good enough for Seaport Research to upgrade the stock from a neutral rating to buy, with a $74 price target, representing 23% upside from the current $60 share price.
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After surging its way into a bull market over the past year, the S&P 500 (SNPINDEX: ^GSPC) has stumbled in recent weeks. The index is currently down by around 4% from its peak in late March, and some investors are beginning to feel pessimistic about the future. It's unclear exactly where the market is headed, so even the experts can't say for certain whether this downturn will continue.
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