News

Shares of exercise equipment company Peloton (NASDAQ:PTON) jumped 12% in the afternoon session after Canaccord analysts upgraded the stock's rating from Hold to Buy and kept a target price of $10. The analysts cited some of the reasons for the upgrade, noting "Peloton is the clear leader in the connected fitness industry, which they invested in early on and built a 6M loyal member base that has a high-margin recurring revenue stream."

Shares of semiconductor company Semtech (NASDAQ:SMTC) jumped 19.4% in the afternoon session after the company reported impressive fourth quarter results which blew past analysts' EPS and EBITDA expectations while sales were in line. In addition, its inventory levels shrunk. On the other hand, its revenue guidance for next quarter missed significantly. Overall, this quarter was mixed but still had some key positives.

Shares of mobile game developer Skillz (NYSE:SKLZ) fell 12.9% in the morning session after the company reported disappointing fourth-quarter 2024 results: Its user count, and the number of paying monthly active users fell short of Wall Street's estimates. Adding to the concern, key metrics we track fell below Wall Street's expectations, including sales, EBITDA, and EPS. Notably, sales plummeted 30% year on year, reflecting a persistent decline in platform engagement and competitive pressures. Th

Shares of IT incident response platform PagerDuty (NYSE:PD) jumped 18.8% in the afternoon session after the company put up impressive fourth quarter results: PagerDuty's strong growth in customers allowed it to beat analysts' revenue, EPS, and adjusted operating income expectations.

Shares of boutique fitness studio franchisor Xponential Fitness (NYSE:XPOF) fell 38.4% in the morning session after the company reported weak fourth-quarter results: its full-year revenue and EBITDA guidance missed significantly.

Shares of clothing and footwear retailer Zumiez (NASDAQ:ZUMZ) jumped 12.5% in the morning session after the company reported strong fourth-quarter 2024 earnings: EBITDA beat analysts' estimates while sales and earnings were in line. The company recorded a 5.9% rise in comparable sales, driven largely by North America, where growth outpaced international markets. Despite this, sales declined modestly relative to the previous year due to an extra week in the prior year's quarter.

Shares of beauty, cosmetics, and personal care retailer Ulta Beauty (NASDAQ:ULTA) jumped 12.6% in the afternoon session after the company reported impressive fourth-quarter 2024 results, which beat analysts' same-store sales, revenue, gross margin, and EPS estimates. The company recorded a modest increase in comparable sales, which was driven by a higher average ticket size despite a slight decline in transactions.

Shares of e-signature company DocuSign (DOCU) jumped 18.2% in the afternoon session after the company reported decent fourth-quarter 2024 (fiscal 2025) results, which blew past analysts' billings and revenue estimates, and revenue growth accelerated a bit, which was also good to see. Net revenue retention was also ahead and encouraging, with all top line signs pointing to more durable growth. Looking ahead, full-year billings growth beat, adding to the good news.

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