Raymond James Upgrades Okta to Outperform: Is This Shot Down Cybersecurity Stock a Blockbuster Buy at ?

Raymond James Upgrades Okta to Outperform: Is This Shot Down Cybersecurity Stock a Blockbuster Buy at $60?

Okta (OKTA) earned an upgrade equivalent to Buy from Raymond James to Outperform with an $85 price target, as the identity security company’s net income retention hurdle due to bloated COVID-era contracts is expected to fade as those deals fade over the next three years. Okta’s fundamentals have strengthened (the company achieved its first year…

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Chevron vs. ConocoPhillips: Only one of these energy dividends is safe to maintain forever

Chevron vs. ConocoPhillips: Only one of these energy dividends is safe to maintain forever

Chevron (CVX) beat fourth-quarter earnings estimates with revenue of $46.87 billion and earnings per share of $1.52 despite crude oil falling to $64 a barrel, supported by refining operations and the acquisition of Hess. ConocoPhillips (COP) lost with earnings per share of $1.02 as realized prices fell 19% to $42.46/BOE without any subsequent cushion to…

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Amazon gains 5% thanks to letter to shareholders, deal with Globalstar and  billion in AI revenue on AWS

Amazon gains 5% thanks to letter to shareholders, deal with Globalstar and $15 billion in AI revenue on AWS

Amazon (AMZN) shares soared on Thursday, boosted by CEO Jassy’s shareholder letter revealing $15 billion in annualized AI revenue from AWS and a $200 billion capital spending commitment by 2026 for AI infrastructure. Amazon’s acquisition talks with Globalstar (GSAT) would strengthen Project Kuiper’s satellite internet against SpaceX’s Starlink, while Amazon Pharmacy’s same-day delivery of Eli…

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