‘Wait, What Do They Do?’ Mizuho Starts Upstart at Underperform, Expects ‘More Pain’ By Investing.com

¬© Reuters. By Senad Karaahmetovic¬† Mizuho analysts initiated research coverage on Upstart (NASDAQ:) with an Underperform rating and a $17 per share price target, signaling a downside potential of about 20%. The analysts expect “more pain in coming quarters” after UPST shares fell 95% from the peak. The company’s CEO Dave Girouard said earlier this … Read more

Virgin Galactic Slips as Bernstein Cuts to Underperform, Analyst Less Certain Business Will Succeed By Investing.com

¬© Reuters By Senad Karaahmetovic Shares of Virgin Galactic (NYSE:) are down 4% today after Bernstein downgraded to Underperform from Market Perform with a $4 per share price target, down from $7.00. An analyst said the rating cut was fueled by the continuous delay of future flight operations, maintenance work on the platform, and a … Read more