BigBear.ai shares may be rising on continued volatility among AI-related companies following Nvidia's blockbuster fourth-quarter earnings report last week. BigBear.ai provides AI-powered decision intelligence solutions in supply chains and logistics, autonomous systems and cybersecurity.
Carvana reported its fourth-quarter results and posted its first-ever annual profit last Thursday. A slew of analysts raised price targets on the stock following the print, and Morgan Stanley analyst Adam Jonas maintained Carvana with an Underweight rating and raised the price target from $32 to $45 on Monday.
Hims & Hers Health shares are trading higher Tuesday after the company posted better-than-expected fourth-quarter financial results and issued strong guidance. Hims & Hers Health reported quarterly earnings of 1 cent per share beating the analyst consensus estimate of losses of 3 cents per share.
Norwegian reported mixed fourth-quarter results before the market open and issued upbeat 2024 guidance based on "exceptional demand." Last week Royal Caribbean Group also raised its 2024 guidance and said demand and bookings have exceeded expectations.
Lemonade reported quarterly losses of 61 cents per share which beat the analyst consensus estimate of losses of 80 cents per share. Quarterly sales clocked in at $115.5 million which beat the analyst consensus estimate of $111.77 million and is a 30.66% increase over sales of $88.4 million from the same period last year. Cash and investments rose during the second half of 2023 to $945 million, and the company achieved positive net cash flow for the first time.