The Latest Breaking News from Karl Keirstead

Adobe stock toppled Friday after the digital media and marketing software firm predicted weaker-than-expected sales for the current quarter.

MDB is the IBD Stock of the Day for Monday, as MongoDB looks to build off a big 2023 in which its value doubled.

Shares of MongoDB fell Thursday after UBS downgraded its view of the database software company from a buy rating to neutral.

Oracle stock falls Friday, the day after a company AI forum highlighted challenges in its cloud business.

UBS trimmed its 2023 revenue estimates for the Amazon Web Services division and slightly lowered its price target for Amazon stock.

Oracle rose Tuesday after it earned a new upgrade from Barclays on the tech giant’s potential to be a leader in artificial intelligence.

Oracle is the IBD Stock Of The Day as it was markedly higher following an upgrade from UBS that focused on the company's AI advantages.

The stock market reversed into midday Wednesday, with major indexes pulling higher.

Analysts acknowledged GitLab Inc's (NASDAQ:GTLB) Q1 beat by re-rating the stock. RBC Capital analyst Matthew Hedberg maintained GitLab with an Outperform and raised the price target from $64 to $66. GitLab reported a solid start to the year as execution continued in its third quarter as a public company, Hedberg noted.  Revenue growth again accelerated while RPO…

UBS painted a cautious picture of Microsoft Corp (NASDAQ: MSFT) and Alibaba Group Holding Ltd (NYSE: BABA).

Adobe stock fell Wednesday after the digital media and marketing software firm gave disappointing guidance for upcoming quarters.