Investing.com -- Stocks in focus in premarket trade on Wednesday, June 7th. Please refresh for updates.
Stitch Fix (NASDAQ:SFIX) stock rose 7.5% the day after the online personal styling company reported better-than-expected third quarter results, helped by delivering efficiencies across the business.
Campbell Soup (NYSE:CPB) 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.
Dave & Buster’s Entertainment (NASDAQ:PLAY) stock rose 3% after the restaurant chain’s first quarter earnings topped expectations, announcing further global expansion with plans to open 20 locations in India and Australia.
Coinbase (NASDAQ:COIN) stock rose 3.3%, helped by Cathie Wood’s Ark Invest increasing its stake in the crypto exchange even after the SEC sued the firm over operating an unlicensed exchange.
Netflix (NASDAQ:NFLX) 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.
Palantir Technologies (NYSE:PLTR) 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.
Yext (NYSE:YEXT) stock soared 17.7% after the online marketing company reported strong first quarter results. Roth/MKM upgraded its stance to ‘buy’ from ‘neutral’, saying it is encouraged by management's focus on sales execution and profitable growth.