Investors are taking notice of three trending stocks that have seen significant gains after impressive earnings reports or revised growth projections.
AppLovin (APP) shares skyrocketed after the company announced it would sell its apps business to focus on advertising, beating analyst expectations in the process. MGM Resorts International (MGM) stock soared as the company’s fourth quarter results exceeded forecasts on both top and bottom lines. Meanwhile, Cisco Systems (CSCO) is gaining attention due to its lifted full-year sales outlook driven by artificial intelligence (AI)-related growth. Citi analysts have upgraded their assessment of the stock to Buy from Neutral, while JPMorgan has increased their price target.
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Source: https://finance.yahoo.com/video/applovin-mgm-resorts-cisco-stocks-154703428.html