The Latest Breaking News from Keybanc

Nvidia Corporation (NASDAQ: NVDA) cast a pall of gloom on the tech sector on Wednesday by providing underwhelming guidance for the second quarter.

KeyBanc analyst Michael Turits downgraded WalkMe Ltd (NASDAQ:WKME) to Sector Weight from Overweight without a price target. The re-rating followed a modest first-quarter revenue beat, but an ARR miss, decline in quarterly enterprise DBNRR, slowing RPO growth, and -3% second-quarter revenue guide miss on slipped large deals in Q1. WalkMe maintained the 2022 revenue guide despite the…

A whale with a lot of money to spend has taken a noticeably bearish stance on Trade Desk. Looking at options history for Trade Desk (NASDAQ:TTD) we detected 12 strange trades.

Lowe's Companies Inc (NYSE: LOW) missed Street expectations for quarterly sales but still managed to convincingly beat earnings estimates. KeyBanc Capital Markets On Lowe's Companies: Analyst Bradley Thomas maintained a Sector Weight rating on Lowe's. 

KeyBanc lowered the price target for Herc Holdings Inc (NYSE:HRI) to $155 (an upside of 48%) from $200 while maintaining the Overweight rating on the shares. While investors have become more cautious about the equipment rental industry dynamics due to rising cycle concerns and the potential impact on industrial and nonresidential construction demand in 2023,…

A whale with a lot of money to spend has taken a noticeably bullish stance on Trade Desk. Looking at options history for Trade Desk (NASDAQ:TTD) we detected 17 strange trades.

Keybanc has decided to maintain its Overweight rating of Walt Disney (NYSE:DIS) and lower its price target from $216.00 to $151.00. Shares of Walt Disney are trading down 1.92% over the last 24 hours, at $103.19 per share. A move to $151.00 would account for a 46.33% increase from the…

Plug Power Inc (NASDAQ: PLUG) reported a larger-than-expected first-quarter GAAP loss even as revenues nearly doubled to $140.8 million. KeyBanc Capital Markets On Plug Power: Analyst Leo Mariani maintained an Overweight rating and a price target of $40 for the company.

Keybanc cut PubMatic, Inc. (NASDAQ: PUBM) price target from $48 to $27. PubMatic shares fell 1.5% to $18.71 in pre-market trading.

KeyBanc analyst John Vinh said nine companies were under coverage (Advanced Micro Devices, Inc (NASDAQ: AMD), Cirrus Logic, Inc (NASDAQ:CRUS), Lattice Semiconductor Corporation (NASDAQ:LSCC), Monolithic Power Systems, Inc (NASDAQ: MPWR), NXP Semiconductors N.V. (NASDAQ:NXPI), ON Semiconductor Corporation (NASDAQ: ON), Qorvo, Inc (NASDAQ: QRVO), Skyworks Solutions, Inc (NASDAQ: SWKS), Synaptics Inc (NASDAQ:SYNA)) and reported positive results but mixed guidance. The broad-based analog (LSCC, MPWR, NXPI, ON) reported robust results/guidance, and China smartphone-exposed companies…

AvidXchange Holdings, Inc (NASDAQ:AVDX) reported first-quarter FY22 revenue growth of 29% year-on-year to $71.2 million, beating the consensus of $67.97 million. The non-GAAP gross margin expanded 300 bps to 62.3%. EPS loss of $(0.13) beat the consensus loss of $(0.17). Total transactions processed were 16.9 million, up 15.6% Y/Y. Total payment volume was…