In This Article:
PayPal-owned (PYPL) mobile payment app Venmo is adding new features to its platform, including 15% cashback rewards at select retailers.
UBS analysts upgrade Snowflake stock (SNOW) to a Buy rating and raise their price target to $265 per share.
Asana (ASAN) shares sink Wednesday morning after topping first quarter earnings estimates while reporting a notable year-over-year decline in sales growth.
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Now time for some of today's trending tickers. We are watching PayPal, Snowflake, and Asana. First up, PayPal owned Venmo, adding new features in hopes of expanding user adoption of its debit card and other financial services. The updates include 15% cashback for Venmo debit card holders at retailers, including Walmart, McDonald's and Sephora, as well as expanding its Pay with Venmo feature. Next up, Snowflake getting an upgrade to buy from neutral. UBS is the one behind this call and along with several price target hikes following its summit. UBS analysts saying that it's not too late to take advantage of what could be just the beginning of a sustained enterprise investment in data services and cloud providers. Evercore ISI, which raised its price target to $240, saying AI has reached a tipping point and that makes Snowflake's current pace of growth durable. Finally, here we're checking in on shares of Asana falling on worries about the software company's sales growth, which slowed to 9%. That's down from 26% growth a year ago. Despite narrowly beating the street's expectations for the first quarter, city analysts warn and quote, the billing miss and guide down raises some growth concerns. You can scan the QR code below to track the best and worst performing stocks of the session with Yahoo Finance's Trending Tickers page.