Kailas Salunkhe- April 28, 2021, 10:58 AM EDT SHARE ON:
Shares of Spotify Technology (
SPOT) were down about 10% in early trading on Wednesday as the company reported total monthly active users (MAUs) of 356 million, versus the consensus estimate of 360.4 million. Spotify had guided for MAUs of 354 million to 364 million.
The music streaming company posted a net loss per share of €0.25, versus the consensus estimate of a net loss per share of €0.43. Meanwhile, revenue grew 16% year-on-year to €2.15 billion.
This growth in revenue was on the back of a 14% year-on-year gain in premium revenue and 46% year-on-year growth in ad-supported revenue.
Additionally, Spotify saw a 24% year-on-year increase in MAUs and a 21% year-on-year jump in the number of premium subscribers.
Markets
In a report released today, Marie Thibault from BTIG reiterated a Buy rating on Accuray (ARAY – Research Report), with a price target of $9.00. The company’s shares closed last Tuesday at $5.32, close to its 52-week high of $6.02.
According to TipRanks.com, Thibault is a 5-star analyst with an average return of 74.2% and a 64.9% success rate. Thibault covers the Healthcare sector, focusing on stocks such as Establishment Labs Holdings, Irhythm Technologies, and Edwards Lifesciences.
Accuray has an analyst consensus of Moderate Buy, with a price target consensus of $8.00.
The company has a one-year high of $6.02 and a one-year low of $1.75. Currently, Accuray has an average volume of 790.2K.
Markets
In a report released today, Eric Wold from B.Riley Financial reiterated a Buy rating on Six Flags (SIX – Research Report), with a price target of $60.00. The company’s shares closed last Wednesday at $48.27, close to its 52-week high of $51.75.
According to TipRanks.com, Wold is a 5-star analyst with an average return of 29.8% and a 63.3% success rate. Wold covers the Services sector, focusing on stocks such as Dolby Laboratories, National Cinemedia, and Cinemark Holdings.
Six Flags has an analyst consensus of Moderate Buy, with a price target consensus of $49.00, representing a 7.9% upside. In a report issued on April 14, Jefferies also assigned a Buy rating to the stock with a $56.00 price target.
Needham Reaffirms Their Hold Rating on Stryker (SYK) analystratings.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from analystratings.com Daily Mail and Mail on Sunday newspapers.
Markets
BMO Capital analyst Ambrish Srivastava maintained a Hold rating on NXP Semiconductors (NXPI – Research Report) today and set a price target of $200.00. The company’s shares closed last Wednesday at $200.79, close to its 52-week high of $216.43.
According to TipRanks.com, Srivastava is a 5-star analyst with an average return of 17.5% and a 78.6% success rate. Srivastava covers the Technology sector, focusing on stocks such as Dialog Semiconductor, Texas Instruments, and ON Semiconductor.
NXP Semiconductors has an analyst consensus of Moderate Buy, with a price target consensus of $222.72, which is a 9.2% upside from current levels. In a report issued on April 14, Morgan Stanley also reiterated a Hold rating on the stock with a $213.00 price target.