It has been already revealed that that Robinhood selected Goldman Sachs Group Inc to lead its IPO.
According to the detail provided, founder and Chief Executive Officer Brian Armstrong reportedly earned $60 million in the 2020 fiscal year.
Although Zoom stock is now experiencing hard times, it still holds a Zacks #1 Rank, which is a Strong Buy. Besides, Robert W. Baird analyst William Power is also maintaining a Buy rating on Zoom Video Communications. On Wednesday, he set a price target of $550.00 for Zoom shares.
In the S-1 filing, Coinbase has made crucial disclosures to the public with its plans of launching direct stock listing on Nasdaq. As per its recent valuations, Coinbase pegs a value of over $100 billion.
To double its annual revenue by 2023 as planned, Twitter would need an increase from 43.7 billion recorded in 2020 to at least $7.5 billion.
GameStock (GME) stock has started its way higher again, gaining over 100% yesterday.
Papa John’s also reported very impressive annual figures, with total revenue of $1.813 billion, a 12% increase over the 2019 record.
Overlooking the fears of inflation and rising interest rates, the stock market registered bullish momentum on the outlook of quick economic recovery. Fed Chairman Jerome Powell has said that it will take a long time for inflation to pick up.
Despite Virgin Galactic’s lack of commercial flights, Wall Street has shown some tinge of confidence in the stock performance of the company.
Mattel revealed that its focus this year is its transformation efforts, adding up to its success of reaching consumers on multiple platforms including its new direct-to-consumer offerings.
The global sportswear giant stated that the impressive performance in the fourth quarter was led by an 11.8% sales increase in Asia/Pacific, with Greater China at the center of it all.
The loss of the United States Postal Service contract by the Workhorse Group constitutes a major setback for the company, whose base case scenario lies in the long-drawn deal.
However, some tech stocks took the heat on Tuesday following the heightened talks about the inflation concerns.
Predicting revenue for the first quarter of 2021, PubMatic noted that it expects to record about $38 million to $40 billion.
The company’s pretax profit was $8.78 billion in 2020, which is a 34% fall from the previous year. This beats the analyst expectation of an $8.33 billion pretax profit.