Ryan Deffenbaugh

1 week ago | investors.com | Ryan Deffenbaugh

Uber Technologies (UBER) stock gained Thursday, set to close higher for the shortened trading week. Shares of the ride-hail and food-delivery giant also moved above a key trendline, with some Wall Street analysts telling clients that Uber's business can withstand an economic slowdown. Uber stock rose more than 3% to 75.78 in afternoon trades on the stock market today.

1 week ago | investors.com | Ryan Deffenbaugh

With the end to a key U.S. trade exemption near, market analysts say China-founded e-commerce players Temu and Shein have pulled back sharply on advertising. Shares of Temu parent company PDD Holdings (PDD) have slumped in recent weeks but the ad pullback could also have implications for Meta Platforms (META) and other social media stocks. Starting May 2, packages shipped directly from China to the U.S. will no longer qualify for a duty exemption on goods under $800.

1 week ago | investors.com | Ryan Deffenbaugh

One of the rare Wall Street analysts who is bearish on Meta Platforms (META) further cut his price target for the stock, saying the Facebook parent company is "starting to look vulnerable to a growth slowdown."BNP Paribas Exane analyst Stefan Slowinksi cut his price target for Meta stock to 448 from a previous 505 in a client note late Tuesday. He also reiterated an underperform call for shares of the $1.3 trillion social-media giant.

1 week ago | investors.com | Ryan Deffenbaugh

While analysts remain bullish overall on Amazon (AMZ) stock, several Wall Street firms have cut their price targets for the tech giant's shares ahead of its first quarter earnings report. Concerns about the impact of President Donald Trump's tariff plan have weighed on Amazon shares in recent weeks. Amazon stock had sold off on a Q4 earnings report that included a lower-than-expected sales forecast for its March-ended first quarter.

1 week ago | investors.com | Ryan Deffenbaugh

Ride-hailing company Lyft is buying European taxi app FreeNow from German automakers BMW Group and Mercedes-Benz for $197 million, a deal the company says marks it biggest expansion outside of North America. Lyft (LYFT) stock was higher in early trading. Lyft said it will fund the deal with cash on hand and expects it to close later this year, according to the company's news release. FreeNow operates across 150 cities in Ireland, the U.K., Germany, Greece, Spain, Italy, Poland, France and Austria.