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Broadcom, Trade Desk, AppLovin And A Big Bank On CNBC's 'Final Trades'
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Broadcom, Trade Desk, AppLovin And A Big Bank On CNBC's 'Final Trades'
Sep 12, 2024 6:34 AM

On CNBC's “Halftime Report Final Trades,” Kari Firestone of Aureus Asset Management said Broadcom Inc ( AVGO ). reported a decent quarter. “It is a good buy here,” she added.

On Sept. 5, Broadcom ( AVGO ) reported second-quarter revenue of $13.072 billion, beating analyst estimates of $12.96 billion, according to Benzinga Pro. The semiconductor company reported second-quarter earnings of $1.24 per share, beating analyst estimates of $1.20 per share.

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Joshua Brown of Ritholtz Wealth Management named The Trade Desk, Inc. ( TTD ) as his final trade.

On Sept. 11, Needham analyst Laura Martin reiterated Trade Desk ( TTD ) with a Buy and maintained a $115 price target.

Stephen Weiss of Short Hills Capital Partners said he is staying with The Goldman Sachs Group, Inc ( GS ). .

On Monday, the company's CEO, David Solomon, reportedly stated that trading revenue will likely fall by 10% in the third quarter due to sluggish conditions last month. However, Solomon noted that investment banking is improving, although activity from financial sponsors hasn't rebounded as expected

Joseph M. Terranova of Virtus Investment Partners picked AppLovin Corporation ( APP ) , which hit a 52-week high on Wednesday.

On Wednesday, B of A Securities maintained a Buy rating on the stock and raised its price target from $100 to $120.

Price Action:

Trade Desk ( TTD ) gained 1.9% to close at $101.61 during Wednesday's session.

Broadcom ( AVGO ) shares gained 6.8% to settle at $158.27 on Wednesday.

Goldman Sachs ( GS ) shares rose 0.9% to close at $471.17.

AppLovin ( APP ) rose 13.2% to settle at $97.57 during Wednesday's session.

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