Recently, Wells Fargo reiterated its Overweight rating on NVIDIA and raised the share price target. This decision was made following the GTC 2024 keynote by NVIDIA CEO Jensen Huang. The adjustment in the share price target from $840 to $970 indicates the investment firm’s bullish outlook on the company’s future prospects. The keynote presentation at
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Australia’s Boral has recommended that investors reject Seven Group Holdings’ bid to acquire full control of the building products group, claiming that the offer undervalues the company. Seven Group, which is controlled by billionaire Kerry Stokes and his family, already owns nearly 72% of Boral and had launched a A$1.9 billion bid to acquire the
Agilon Health, Inc.’s Chief Markets Officer, Benjamin Shaker, recently engaged in significant transactions involving the company’s stock. According to a recent SEC filing, Shaker acquired 274,455 shares of common stock on March 14, 2024. This acquisition was part of a performance-based award that depended on the company’s revenue and adjusted EBITDA goals over a three-year
Recently, Evercore ISI made a bold move by downgrading ProLogis (NYSE:PLD) from Outperform to In Line, while also setting a price target of $136.00. This decision was based on various factors, such as the stock’s performance compared to the RMZ index, as well as the absence of significant catalysts in the near future. Stock Performance
In a sprawling industrial park in southern India, the demand for land is reaching new heights as companies rush to build modern warehouses and factories. This industrial park, managed by Blackstone and real estate tycoon Niranjan Hiranandani, has become a hotspot for European and American companies looking to capitalize on India’s economic growth or diversify
Advent International, a private equity firm, is currently in advanced discussions to acquire Nuvei, a Canadian payments technology company. According to a source familiar with the matter, the deal, which has not been officially announced yet, could be revealed soon. However, there is a possibility that the negotiations may not result in a final agreement.
President Joe Biden made it clear on Thursday that he opposes the $14.9 billion acquisition of U.S. Steel Corp by Japan’s Nippon Steel. He emphasized the importance of U.S. Steel remaining an American company, stating that it has been an iconic American steel company for over a century. This marks the first time that Biden
Procore Technologies, Inc. (NYSE:PCOR) recently made headlines with the sale of 57,666 shares of company stock by President of Product & Technology, Steven Scott Davis. The total value of the shares sold amounted to around $4.56 million, with an average selling price of $79.11 per share. The transaction occurred on March 13, 2024, and was
Singapore Airlines recently announced the pricing of a $500 million U.S dollar bond due in 2034, with a fixed interest rate of 5.25% per annum. The bond launch was successful, with orders reaching over $4.5 billion and strong investor interest. However, it is crucial to critically analyze this bond issuance to determine its long-term implications
As Nvidia’s CEO, Jensen Huang, prepares to unveil new flagship products at the company’s annual developer conference, questions arise about how long Nvidia can hold onto its position as the dominant supplier of artificial intelligence chips. With expectations of 16,000 attendees at the live event, doubling the number of the previous in-person conference in 2019,