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Investing.com — Stocks in focus in premarket trade on Wednesday, June 7th. Please refresh for updates.
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Stitch Fix (NASDAQ:) stock rose 7.5% the day after the online personal styling company reported better-than-expected , helped by delivering efficiencies across the business.
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Campbell Soup (NYSE:) stock fell 1.9% after the packaged food giant beat quarterly profit estimates on the back of price hikes, but only maintained its annual forecasts suggesting ongoing caution.
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Dave & Buster’s Entertainment (NASDAQ:) stock rose 3% after the restaurant chain’s topped expectations, announcing further global expansion with plans to open 20 locations in India and Australia.
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Coinbase (NASDAQ:) stock rose 3.3%, helped by Cathie Wood’s Ark Invest increasing its stake in the even after the SEC sued the firm over operating an unlicensed exchange.
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Netflix (NASDAQ:) stock rose 3.1% after JPMorgan lifted its price target on the streaming giant to $470, offering 18% upside while maintaining an ‘overweight’ rating, saying its password sharing crackdown can drive revenue growth.
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Palantir Technologies (NYSE:) stock rose 2.8% after the data analytics firm signed a multi-year deal with Panasonic Energy of North America to deliver operations for its facility in Nevada.
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Yext (NYSE:) stock soared 17.7% after the online marketing company reported strong . Roth/MKM upgraded its stance to ‘buy’ from ‘neutral’, saying it is encouraged by management’s focus on sales execution and profitable growth.
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