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.
Shares of health insurance company Oscar Health (NYSE:OSCR) fell 3.1% in the morning session after the stock continued a sharp decline from the previous session, which was fueled by multiple analyst downgrades and broader weakness in the healthcare plans sector.
Prologis offers investors low-risk exposure to AI infrastructure through powered shell real estate, backed by strong earnings and a solid balance sheet
Shares of luxury casino and resort operator Monarch (NASDAQ:MCRI)
jumped 22% in the afternoon session after the company reported record financial results for the second quarter of 2025, significantly beating analyst expectations.
Shares of secondhand luxury marketplace The RealReal (NASDAQ: REAL)
jumped 7% in the afternoon session after B. Riley Securities initiated coverage on the company with a "Buy" rating.
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Analysts highlighted momentum in oncology and MedTech, with Wells Fargo calling the second-half growth acceleration “achievable” and Morgan Stanley noting visibility risks from drug pricing and tariff policy.
Wells Fargo cut its 2025 net interest income forecast after a Q2 miss on margin, despite posting better-than-expected earnings and revenue for the quarter.
Rigetti Computing’s 36-qubit system hit 99.5% accuracy, doubling the prior performance and moving the company closer to its goal of developing a 100+ qubit system by 2025.
Shares of financial services giant Wells Fargo (NYSE:WFC) fell 6.1% in the afternoon session after the bank cut its full-year guidance for net interest income. Despite beating Wall Street's second-quarter profit and revenue estimates, the bank's revised forecast is weighing on investor sentiment., Wells Fargo now expects its 2025 net interest income (NII) — the difference between what it earns on loans and pays for deposits — to be roughly flat compared to 2024's $47.7 billion. This, is a notable reduction from its previous guidance, which anticipated growth at the low end of a 1% to 3% range. The bank attributed the lowered NII outlook primarily to its Markets business. While second-quarter earnings per share of $1.60 and revenue of $20.82 billion both topped analyst expectations, the disappointing guidance for this key profitability metric overshadowed the otherwise solid results.
