Latest news with #B.Riley
Globe and Mail
10 hours ago
- Business
- Globe and Mail
Why Reddit Stock Was Moving Higher This Week
Shares of Reddit (NYSE: RDDT) were moving higher this week after the company launched two new AI-powered advertising tools and benefited from some positive analyst commentary on the stock. According to data from S&P Global Market Intelligence, the stock was up 19.4% for the week as of Wednesday's close. Reddit gets a tailwind At the Cannes Lions festival, Reddit announced Reddit Community Intelligence, a new tool that can power insights for advertisers from more than 22 million posts on Reddit. As part of the launch, it introduced two new "early stage products," Reddit Insights and Conversation Summary Add-ons. Reddit Insights is a "scalable, AI-powered social listening tool" that gives marketers proprietary data to help guide ad campaigns. The Conversation Summary add-on integrates positive user content directly below an ad, helping to get ads better placement and views. Advertising is Reddit's primary source of revenue, but the company has historically struggled to monetize its platform the way some larger social media platforms have. On Wednesday, Reddit jumped 5.5% as B. Riley said that Meta's deal with Scale AI, in which it's spending $14.3 billion on a 49% stake in the data labeling company, was a positive sign for Reddit as point to the value of the content on its platform, which Reddit refers to as its "corpus." What's next for Reddit Reddit has been a big winner since its IPO last month, but the stock has also pulled back sharply from its peak as investors seem to be doubting whether the company can maintain its strong growth rate. The launch of the AI advertising tools is a step in the right direction, as anything it can do to maintain its momentum in both usage and advertising growth should help drive the social media stock higher. Should you invest $1,000 in Reddit right now? Before you buy stock in Reddit, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Reddit wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor 's total average return is995% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025
Yahoo
3 days ago
- Business
- Yahoo
MediciNova price target lowered to $5 from $6 at B. Riley
B. Riley lowered the firm's price target on MediciNova (MNOV) to $5 from $6 and keeps a Buy rating on the shares. The firm points out the company's current cash on hand of $37M implies a runway into 2027. It updated MediciNova's model, now exclusively focused on amyotrophic lateral sclerosis-related risk-adjusted revenue and spending. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Disclaimer & DisclosureReport an Issue
Yahoo
3 days ago
- Business
- Yahoo
AST SpaceMobile price target raised to $44 from $36 at B. Riley
B. Riley raised the firm's price target on AST SpaceMobile (ASTS) to $44 from $36 and keeps a Buy rating on the shares. The company is gaining valuable L-band spectrum, the analyst tells investors in a research note. The firm says the company reached a comprehensive agreement with Ligado and other parties to settle litigation and enable a consensual restructuring where AST will gain access to 45 MHz of lower mid-band spectrum controlled by Ligado and Viasat (VSAT) subsidiary Inmarsat. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on ASTS: Disclaimer & DisclosureReport an Issue Royal Caribbean, Sunrun, Quantum, ON, AST: Insider Sales Surge! AST SpaceMobile reports settlement term sheet for lower mid-band spectrum access Bullish flow in AST SpaceMobile with shares up 2.11% AST SpaceMobile Stock (ASTS) Rallies Alongside Surging Demand for Satellite Internet AST SpaceMobile to join Russell 1000 Index Sign in to access your portfolio
Business Insider
4 days ago
- Business
- Business Insider
Inogen initiated with a Buy at B. Riley
B. Riley initiated coverage of Inogen (INGN) with a Buy rating and $14 price target Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Yahoo
09-06-2025
- Business
- Yahoo
B.Riley Raises Price Target on Silicon Motion (SIMO), Maintains Buy Rating
Silicon Motion Technology Corporation (NASDAQ:SIMO) is one of the . On June 5, increased its price target on Silicon Motion Technology Corporation (NASDAQ:SIMO) to $90 from $75 and reaffirmed its Buy rating on the stock. The firm pointed to the expanded Nvidia Bluefield DPU win and the upcoming Nintendo Switch 2 cycle as drivers of longer-term gains for the company. It further added that progress in the PCIe Gen5 PC and notebook market is on track, with Silicon Motion (NASDAQ:SIMO) projected to grow its market share to over 50% using its 8- and 4-channel products. Additionally, provided a bullish outlook on the company's future earnings as it said that similar momentum is expected from the adoption of UFS 4.0 in smartphones. The developments could push estimated earnings per share in 2026 and 2027 to around $5.25 and $6.50, respectively. An engineer in a lab coat tweaking a circuit board with intricate semiconductors. During the company's Q1 2025 earnings call, management highlighted that Silicon Motion (NASDAQ:SIMO) has partnered with NVIDIA for over a year to qualify its MonTitan server boot storage for the BlueField-3 DPU, a platform designed to optimize AI workloads and cloud networking. Starting later this year, its boot storage will support BlueField-3, creating new revenue and growth opportunities. Silicon Motion (NASDAQ:SIMO) designs and sells NAND flash controllers and specialized SSDs for various applications, including computing, enterprise data centers, mobile devices, and industrial uses, under multiple brand names. While we acknowledge the potential of SIMO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
