Up:

Okta's Price Target Raised by Oppenheimer and JPMorgan

Okta, Inc. (OKTA) saw its stock price surge by 22.91% to $107.3 after Oppenheimer raised its price target from $110 to $125, maintaining an Outperform rating. Similarly, JPMorgan increased its price target for Okta to $105 from $88 while keeping a Neutral rating. The company has an average rating of Outperform, with price targets ranging from $75 to $140.

Duolingo's Stock Soars on Strong Revenue Forecast and AI Integration

Duolingo, Inc. (DUOL) shares soared over 22% as the company provided a better-than-expected revenue forecast for 2024, citing a shift to online learning and AI integration on its platform. The company's introduction of a new subscription tier featuring generative artificial intelligence (GenAI) and a significant increase in paid subscribers and active users contributed to the positive outlook. The strong performance metrics and innovative product offerings have generated investor enthusiasm, pushing the stock price upward.

Pure Storage Announces Share Repurchase Program

Pure Storage, Inc. (PSTG) rose by 20% after it announced a share repurchase program, under which the company will buy back up to $250 million worth of its Class A shares. The program, which will be funded from available working capital, does not have an expiration date. This buyback plan, authorized by the Board of Directors, signals the company's confidence in its financial health and future prospects, which may positively influence investor sentiment.

Down:

Snowflake Shares Tumble After Forecast and CEO Retirement

Shares of Snowflake Inc. (SNOW) fell sharply by 21% following the company's forecast for FY25 and Q1 revenue, which came in below estimates. Additionally, the announcement of CEO Frank Slootman's retirement added to the negative sentiment. The lower-than-expected revenue projections and leadership change have raised concerns among investors, leading to a sell-off in the stock.

DoubleVerify Holdings Stock Price Target Cut by KeyBanc

DoubleVerify Holdings, Inc. (DV) experienced a significant drop in its stock price today, falling by 19.57% to $31.56. The decline followed an announcement from KeyBanc, which reduced its price target on DoubleVerify from $48 to $45, while maintaining an Overweight rating. The average analyst rating for DoubleVerify remains Outperform, with a price target range of $30 to $49.

Chemours in Turmoil

The Chemours Company(CC) stock plummeted by 39% in pre-market trading after the company announced significant changes in its leadership, with Denise Dignam stepping in as interim CEO and Matt Abbott as interim CFO. The current CEO, Mark Newman, along with CFO Jonathan Lock and Vice President and Chief Accounting Officer Camela Wisel, have been placed on administrative leave. The company has delayed the release of its financial results due to concerns about the accuracy of its financial reporting, which was initially scheduled for February 28.