Several companies are making waves in premarket trading, with Affirm, the fintech provider of “buy now pay later” services, rising 2% after an upgrade to hold at Jefferies on Tuesday.
Meanwhile, the maker of 737 Max jetliners, Boeing, gained about 2% premarket after an upgrade to outperform at RBC Capital Markets. This was attributed to a more favorable 2024 outlook as demand in both the company’s commercial and defense segments grows more sustainable.
Crocs, the maker of iconic, soft footwear, rose more than 2.3% on the heels of an upgrade to strong buy at Raymond James, with Analyst Rick Patel expressing confidence in Crocs’ business structure heading into 2024.
Carlyle Group, a private equity asset manager, climbed more than 5% premarket after being added to the S &P SmallCap 600 index effective premarket Thursday S & P Dow Jones Indices.
Additionally, nLIGHT, the maker of semiconductor lasers, fiber lasers, and optical fibers, gained more than 4% after an upgrade to speculative buy at Benchmark, following a new army contract worth $35 million.
Glaukos Corporation saw its shares climb 2.4% after Truist initiated coverage of the medical device stock with a buy rating, with analyst Samuel Brodovsky highlighting the potential for revenue growth to expand to 20% or more in 2025.
However, not all companies experienced positive movement, as shares of the e-commerce platform Shopify fell nearly 3% premarket after Piper Sandler cut its rating to underweight from neutral, citing “an untenable valuation” and overly aggressive growth and profit expectations.
This information was reported CNBC’s Samantha Subin, Yun Li, and Jesse Pound.