Justin Sun, the crypto entrepreneur who paid a record $4.57 million for lunch with Warren Buffett, said this morning that heCoupa Software earned an adjusted 3 cents per share for its latest quarter, compared to analyst forecasts for a loss of 4 cents per share. The business software company's revenue also beat estimates. Coupa raised its full-year revenue forecast as well as the lower end of its earnings outlook range.
Bemis swaps places with Mattel by joining the S&P 500. The toymaker joins the S&P MidCap 400. The moves are effective prior to Friday's open. Bemis, a packaging products maker, is in the process of merging with Australia-based rival Amcor. Loop Capital raised its price target on Amazon shares to $2,380 from $2,200, maintaining a "buy" rating. Loop reiterated its "buy" rating on Facebook while maintaining a $200 price target. Both stocks were under pressure Monday on the increased likelihood of federal business practice probes.
Fellow FANG stock Netflix was upgraded to "buy" from "hold" at Loop, which raised the price target to $425.
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