Wells Fargo is a leading financial services company that provides a wide range of banking, investment, and mortgage products and services to individuals, businesses, and institutions. With a national presence, Wells Fargo operates through a network of branches and ATMs, offering services such as personal and commercial banking, wealth management, and asset management. The company is committed to supporting its customers' financial needs while also focusing on community engagement and sustainable practices. In addition to traditional banking services, Wells Fargo is involved in various financial markets and investment banking activities, helping clients navigate complex financial landscapes. Read More
Shares of semiconductor design software provider Cadence Design Systems (NASDAQ:CDNS) jumped 9.1% in the afternoon session after the company reported strong second-quarter results that surpassed analyst expectations and raised its full-year financial outlook. The electronic design automation (EDA) company, which provides software and hardware for designing semiconductors, posted second-quarter adjusted earnings of $1.65 per share on revenue of $1.28 billion. This revenue figure represented a 20% increase year-over-year, and both metrics beat analyst forecasts. The strong performance was attributed to high demand from the artificial intelligence, high-performance computing, and automotive sectors. This result came despite Cadence disclosing a one-time charge of $140.6 million to settle legal proceedings with the U.S. government over its business operations in China. Investors appeared to focus on the strong results, as the company also increased its 2025 revenue forecast to a range of $5.21 billion to $5.27 billion and its adjusted EPS guidance to between $6.85 and $6.95. Following the news, analysts at firms including J.P. Morgan and Wells Fargo raised their price targets.
Barclays PLC, one of the most influential financial institutions in the world today, traces its origins back over three centuries to the coffee houses and counting houses of London. From its modest beginnings as a Quaker-led partnership to becoming a pillar of international banking, Barclays has evolved through mergers, innovations,
Shares of health coverage company Centene (NYSE:CNC)
fell 3.3% in the morning session after JPMorgan cut its price target on the managed care company to $30 from $48. This move by JPMorgan followed Centene's recent second-quarter earnings report, where the company posted a loss of $0.16 per share, missing analyst estimates. The poor results were largely attributed to a significant reduction in the company's net 2025 Marketplace risk adjustment revenue transfer estimate, an issue that first came to light when Centene withdrew its full-year guidance on July 1st. The company's performance prompted a series of downgrades from Wall Street, with firms like UBS, Wells Fargo, and Morgan Stanley also cutting their price targets, signaling widespread concern over the company's ability to restore its earnings trajectory.
Wells Fargo & Company (NYSE: WFC) today announced its board of directors approved a quarterly common stock dividend of $0.45 per share, payable Sept. 1, 2025, to stockholders of record on Aug. 8, 2025. The third quarter dividend represents an increase of $0.05 per share, or 12.5%, from the prior quarter.
Shares of internet security and content delivery network Cloudflare (NYSE:NET)
jumped 4.1% in the afternoon session after the stock continued its upward momentum following a week of positive analyst commentary and strong performance. The positive momentum appeared to be a continuation of bullish sentiment from earlier in the week. On July 21, the stock reached a new 52-week high of $198.57, reflecting strong investor confidence. This rally was supported by favorable analyst commentary, including a decision by Wells Fargo to raise its price target on the company to $225 from $200 while maintaining an "Overweight" rating. The firm’s outlook was reportedly based on Cloudflare's solid fundamentals, which included strong revenue growth and high gross profit margins.
Wells Fargo trades at $84 per share and has stayed right on track with the overall market, gaining 7.8% over the last six months. At the same time, the S&P 500 has returned 5.8%.
Shares of ride sharing and on-demand delivery platform Uber (NYSE:UBER)
jumped 3.9% in the morning session after an analyst at Piper Sandler raised their price target on the stock to $103 from $95.
Shares of data protection and security software company Varonis (NASDAQ:VRNS) jumped 3.2% in the afternoon session after analyst Jefferies upgraded the stock to Buy from Hold, raising its price target to $65 from $50.
Shares of auto parts and accessories retailer O’Reilly Automotive (NASDAQ:ORLY) jumped 4.8% in the afternoon session after the company reported strong second-quarter 2025 financial results and raised its full-year outlook. The auto parts retailer announced a 4.1% increase in comparable store sales and an 11% rise in diluted earnings per share to $0.78 for the second quarter. Total revenue for the period grew 6% to $4.53 billion, while net income rose 7% to $669 million. Following the strong performance, O'Reilly raised its full-year 2025 guidance for comparable store sales. The positive report prompted favorable reactions from Wall Street analysts. For instance, UBS raised its price target on the stock to $115, and Wells Fargo increased its target to $105.
Shares of online home goods retailer Wayfair (NYSE:W)
jumped 4% in the afternoon session after the company announced a major "Black Friday in July" sales event and an analyst from Wells Fargo raised the company's price target.
Shares of data protection and security software company Varonis (NASDAQ:VRNS) jumped 3.3% in the morning session after Wells Fargo raised its price target on the company's stock to $51 from $46, while maintaining an Equal Weight rating. The bank's analyst noted that the Data Protection market is gaining momentum, partly due to the rollout of Agentic AI technologies, which could benefit Varonis in the long term. Wells Fargo indicated that after speaking with larger resellers, it had developed "a more constructive view on the outlook for Varonis.".
Shares of healthcare tech company Omnicell (NASDAQ:OMCL)
jumped 3.3% in the afternoon session after an analyst at Wells Fargo raised the firm's price target on the stock and maintained an "Overweight" rating.
