Paltalk Stock (NASDAQ:PALT), Trade Ideas

Paltalk

Paltalk Inc is a communications software innovator. It operates a network of consumer applications where users can meet, see, chat, broadcast and message in real-time in a secure environment with others in the network. The company's product portfolio includes Paltalk, Camfrog, Tinychat and Vumber. Its consumer applications generate revenue principally from subscription fees and advertising arrangements. The company's majority revenue is generated from live video chat products that are :Paltalk and Camfrog.

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Shares of  FactSet Research Systems Inc. (NYSE: FDS) fell sharply during Thursday’s session after the company reported worse-than-expected second-quarter revenue and issued FY24 guidance.

Why FactSet Research Shares Are Trading Lower By Around 5%? Here Are Other Stocks Moving In Thursday&#39;s Mid-Day Session

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	Addentax Group Corp. (NASDAQ: ATXG) shares jumped 47.3% to $9.68. Addentax Group is launching automation of artificial intelligence internet operational tools project with top Games-as-a-Service firms.


Why Cineverse Shares Are Trading Lower By 18%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

Earnings

Eurozone

Commodities

Global

U.S. stocks traded higher this morning, with the Dow Jones gaining more than 200 points on Friday.

Following the market opening Friday, the Dow traded up 0.63% to 34,338.23 while the NASDAQ rose 1.05% to 13,734.23. The S&amp;P 500, also rose, gaining, 0.84% to 4,433.37.

Dow Surges 200 Points; Constellation Brands Posts Upbeat Results

Paltalk Inc

Paltac Corp

Oppenheimer analyst Suraj Kalia maintains ResMed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMD#NYSE">RMD</a>) with a Outperform and lowers the price target from $205 to $200.

Price Target

Analyst Ratings

Oppenheimer Maintains Outperform on ResMed, Lowers Price Target to $200

Oppenheimer analyst Bryan Blair maintains Dover (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) with a Outperform and raises the price target from $187 to $197.

Oppenheimer Maintains Outperform on Dover, Raises Price Target to $197

WIIM

PLTR

Palantir shares are trading higher as tech and AI stocks gain following strong earnings from Microsoft.

TD Cowen analyst Krish Sankar maintains KLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) with a Hold and raises the price target from $650 to $700.

KLAC

TD Cowen Maintains Hold on KLA, Raises Price Target to $700

Oppenheimer analyst Noah Kaye maintains Carrier Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) with a Outperform and raises the price target from $63 to $64.

CARR

Oppenheimer Maintains Outperform on Carrier Global, Raises Price Target to $64

Oppenheimer analyst Bryan Blair maintains Carlisle Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSL#NYSE">CSL</a>) with a Outperform and raises the price target from $412 to $430.

Oppenheimer Maintains Outperform on Carlisle Companies, Raises Price Target to $430

Oppenheimer analyst Ittai Kidron maintains Atlassian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) with a Outperform and lowers the price target from $300 to $250.

TEAM

Oppenheimer Maintains Outperform on Atlassian, Lowers Price Target to $250

TD Cowen analyst Matt Elkott maintains Caterpillar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>) with a Buy and raises the price target from $338 to $340.

TD Cowen Maintains Buy on Caterpillar, Raises Price Target to $340

<a href="https://www.wsj.com/business/media/paramount-considers-removing-ceo-bob-bakish-as-turmoil-over-sale-talks-deepens-a48b0ec5?mod=latest_headlines">https://www.wsj.com/business/media/paramount-considers-removing-ceo-bob-bakish-as-turmoil-over-sale-talks-deepens-a48b0ec5?mod=latest_headlines</a>
&nbsp;

PARA

'Paramount Considers Removing CEO Bob Bakish As Turmoil Over Sale Talks Deepens' - Wall Street Journal

Oppenheimer analyst Jason Helfstein maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Outperform and raises the price target from $185 to $205.

GOOG

GOOGL

Oppenheimer Maintains Outperform on Alphabet, Raises Price Target to $205

TD Cowen analyst Helane Becker maintains Southwest Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) with a Hold and lowers the price target from $26 to $25.

TD Cowen Maintains Hold on Southwest Airlines, Lowers Price Target to $25

XP shares are trading higher after the company named Victor Mansur as CFO, effective Aug. 1.

Vertiv Holdings shares are trading higher after Mizuho maintained a Neutral rating and raised its price target from $56 to $95.

DDOG

Datadog shares are trading higher in sympathy with Microsoft, which gained following strong earnings.

Raymond James analyst Patrick Tyler Brown maintains Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) with a Outperform and raises the price target from $219 to $229.

Raymond James Maintains Outperform on Waste Management, Raises Price Target to $229

New Oriental Education & Technology Group

New Oriental Education shares are trading higher amid overall China strength.

TD Cowen analyst Vivien Azer maintains Keurig Dr Pepper (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>) with a Hold and raises the price target from $32 to $35.

TD Cowen Maintains Hold on Keurig Dr Pepper, Raises Price Target to $35

Comfort Systems shares are trading lower as the stock reverses after earlier gaining following Q1 earnings.

Strong earnings reports from Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) have restored positive sentiment in the market, sweeping away fears of increasing risks of stagflation that had <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38434513/us-growth-slows-in-q1-yet-inflation-acceleration-signals-stagflation-the-worst-poss">emerged from Thursday&#8217;s data.</a>
Although the latest PCE inflation report signaled higher-than-expected annual readings, they failed to meaningfully impact on already low expectations <a href="https://www.benzinga.com/general/macro-notification/24/04/38458581/feds-key-inflation-indicator-hits-2-8-dashes-rate-cut-hopes-traders-on-alert">for Fed rate cuts.</a> Rather, investors opted to focus on positive signals stemming from corporate earnings.
The S&amp;P 500 gained over 1%, and is up by 2.8% this week, on track for its best week since late October 2023. The Nasdaq 100 outperformed with a 1.8% increase, pushing the weekly performance to over 4%, also eyeing its best week in seven months.
A significant amount of support for the broader market came from the Magnificent Seven, with the group gaining a combined market cap of $400 billion in a day, more than offsetting losses seen on Thursday. The Roundhill Magnificent Seven ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NYSE">MAGS</a>) rallied 3.5%.
Small caps also saw robust gains, with the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) up 1%. The big underperformer was the energy sector, as its two major oil giants – Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) and Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) – failed to impress investors <a href="https://www.benzinga.com/news/earnings/earnings-misses/24/04/38464570/us-energy-stocks-fall-following-oil-giants-subdued-earnings-reports">with their quarterly results.</a>
Treasury yields were slightly softer, although remained at elevated levels, indicating they had already absorbed the rising inflation narrative over the past weeks. 
Both gold and oil held steady at $2,300 per ounce and $83 a barrel, respectively. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) softened below $64,000, on track for a fourth straight negative week.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>17,751.35</td>
<td>1.8%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,107.36</td>
<td>1.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,003.71</td>
<td>1.1%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,287.77</td>
<td>0.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. EDT</figcaption></figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 1.2% to $509.49, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.6% to $383.06 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 1.8% to $431.95, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) outperformed, up 2.6%, followed by the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) and the Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>), both up 1.5% The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) was the major laggard, down 1.1%. 
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
<ul>
<li>Alphabet Inc. soared by 10% after a double beat in both earnings and revenue estimates last quarter. Shares are on track to their strongest performing <a href="https://www.benzinga.com/news/24/04/38458188/why-alphabet-shares-are-trading-higher-by-12-here-are-20-stocks-moving-premarket">day since July 2019. </a></li>
<li>Microsoft Corp. rose 2.5% after reporting <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38465071/microsoft-q3-shines-light-on-ai-innovation-cycle-analysts-see-plenty-of-runway-for-">better-than-expected results last quarter</a>. </li>
<li>Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) rose 4% amid bullish speculations over next week&#8217;s earnings report. </li>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rose 6%, bolstered by rising expectations for AI spending and fueling a widespread rally in chipmakers. </li>
<li>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) tanked 10%, sharply underperforming compared to industry peers, on a Q1 revenue miss. </li>
<li>Other companies reacting to earnings were Exxon Mobil, down nearly 3%, Chevron Corp, down 0.2%, AbbVie Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>), down over 5%, HCA Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>), down over 3%, Colgate-Palmolive Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#NYSE">CL</a>), up 1.6%, Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>), down 3.7%, AON plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>), down over 8%, LyondellBasell Industries NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>), up 2.6%, Ball Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BALL#NYSE">BALL</a>), up 7.6%, Avantor Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVTR#NYSE">AVTR</a>), down 4%, Saia Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>), down 20%, Autoliv Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>), up 5%, KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLA#NASDAQ">KLA</a>), up 5%, Capital One Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), up 0.5% and Snap Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NASDAQ">SNAP</a>), up 30%. </li>
</ul>
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38465570/snap-investors-celebrate-q1-earnings-but-analysts-arent-ready-to-party-just-yet-the">Snap Investors Celebrate Q1 Earnings, But Analysts Aren&#8217;t Ready To Party Just Yet: &#8216;The Most Expensive Name In Social&#8217;</a>
Image generated using artificial intelligence via Midjourney.

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Tech Stocks Rebound As Magnificent 7 Roar On Strong Earnings, Energy Giants Tumble: What's Driving Markets Friday?

FICO

FICO shares are trading lower following weak 2024 guidance.

The 50 rating InvestorsObserver gives to Paltalk Inc (PALT)  stock puts it near the top of the Software - Application industry. In addition to scoring higher than 71 percent of stocks in the Software - Application industry, PALTâ€&#x2122;s 50 overall rating means the stock scores better than 50 percent of all stocks. PALT has an Ov

Does Paltalk Inc (PALT) Have What it Takes to be in Your Portfolio Monday?

There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Fiserv (FI – Research Report), Marvell (MRVL – Resea...

Analysts Are Bullish on These Technology Stocks: Fiserv (FI), Marvell (MRVL)

These Technology stocks are trading higher:-Treasure Global Inc (TGL) stock is trading at $5.69, a rise of $1.3, or 31.39%, on high volume.  Treasure Global Inc gets a Sentiment Score of Very Bullish from InvestorsObserver with a price target of $3.15.  -Edgio Inc (EGIO) stock is trading at $9.02, a gain of $2.04, or 28.8%

Technology Stocks Moving Up and Down Wednesday: TGL, EGIO, CETX, SWVL, PALT, SOUNW, WAVD, MOGO

An update from Paltalk, Inc. (PALT) is now available. Paltalk, Inc. has announced that the U.S. District Court for the Western District of Texas ha...

Paltalk Announces Updated Trial Date for Patent Lawsuit

BILI, EXAI and ENVB among pre-market losers

Paltalk Inc (PALT) stock has fallen 50.95% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator. Paltalk Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PALT!See Full PALT ReportWhat is Stock Sentiment?Sentiment is a very short-ter

What is the Market's View on Paltalk Inc (PALT) Stock's Price and Volume Trends Thursday?

These Technology stocks are trading higher:-Arbe Robotics Ltd (ARBE) stock is trading at $2.45, a rise of $0.52, or 27.14%, on high volume.  Arbe Robotics Ltd gets a Sentiment Score of Neutral from InvestorsObserver and receives an average analyst recommendation of Strong Buy with a price target of $3.40.  -Swvl Holdings C

Technology Stocks Moving Thursday: ARBE, SWVL, DUOT, NOVA, TGL, AUID, SOUNW, PALT

ARBE, SWVL among major tech gainers; AUID, TGL among losers

Paltalk Inc (PALT) is near the top in its sector according to InvestorsObserver.PALT gets an overall rating of 44. That means it scores higher than 44% of stocks.Paltalk Inc gets a 71 rank in the Technology sector. Technology is number 4 out of 11 sectors. PALT has an Overall Score of 44. Find out what this means to you an

Will Paltalk Inc (PALT) Outperform the Rest of the Stocks in the Technology Sector?

A rating of 70 puts Paltalk Inc (PALT) near the top of the Software - Application industry according to InvestorsObserver. Paltalk Inc's score of 70 means it scores higher than 70% of stocks in the industry. Paltalk Inc also received an overall rating of 49, putting it above 49% of all stocks. Software - Application is ran