Notes
So what I saw on the flow was right… was up over 7% on the day. @unusual_whales for the win $MRNA
$MRNA shares -4.1% premarket after results and guidance
$MRNA Q4 & FY25 Outlook:
🔹 Q4 Results:
• EPS: -$2.91 (Missed Est. -$2.68)
• Revenue: $966M (Beat Est. $942.8M, -66% y/y)
• COVID-19 Vaccine Rev: $923M (In Line)
• Op. Loss: -$1.25B (Est. -$1.13B, vs. $6M profit y/y)
• Cash & Equiv.: $1.93B (Est. $2.12B)
🔹 FY25 Guidance:
• Revenue: $1.5B-$2.5B (Est. $2.43B)
• CapEx: ~$400M (Est. $468.9M)
• Cost Cuts: $1B by 2025-end
• Cash & Inv. (Dec 31): $9.5B
Q4 loss includes $200M in non-cash charges for manufacturing resizing.
#Upgrades - Nov 18, 2024
• $AMLX: Baird Upgrades to Outperform from Neutral - PT $11 (from $3)
• $APD: UBS Upgrades to Buy from Neutral - PT $375 (from $338)
• $AUTL: Goldman Sachs Upgrades to Buy from Neutral - PT $7.60 (from $7)
• $BFAM: BMO Capital Upgrades to Outperform from Market Perform - PT $125 (from $137)
• $CBRL: Argus Upgrades to Buy from Hold - PT $52
• $CVS: Wells Fargo Upgrades to Overweight from Equal Weight - PT $66 (from $60)
• $FUTU: Morgan Stanley Upgrades to Overweight from Equalweight - PT $115 (from $70)
• $HOOD: Needham Upgrades to Buy from Hold - PT $40
• $HPE: Raymond James Upgrades to Strong Buy from Outperform - PT $29 (from $23)
• $MBI: KBW Upgrades to Outperform from Market Perform - PT $9 (from $6.50)
• $MPWR: Loop Capital Upgrades to Buy from Hold - PT $660
• $MRNA: HSBC Upgrades to Buy from Hold - PT $58
• $PRMB: Deutsche Bank Upgrades to Buy from Hold - PT $33 (from $20)
• $ROKU: Baird Upgrades to Outperform from Neutral - PT $90 (from $70)
• $UFCS: Piper Sandler Upgrades to Neutral from Underweight - PT $26 (from $19)
#Downgrades - Sep 13, 2024
$ASAI: BofA Securities Downgrades to Neutral from Buy - PT $9.10 (from $13)
$CPRI: Citi Downgrades to Neutral from Buy - PT $41
$CUBE: UBS Downgrades to Neutral from Buy - PT $54 (from $53)
$FULC: H.C. Wainwright Downgrades to Neutral from Buy - PT $4
$GMRN: Barclays Downgrades to Underweight from Equalweight - PT $133 (from $181)
$HAL: RBC Capital Downgrades to Sector Perform from Outperform - PT $37 (from $44)
$MRNA: JPMorgan Downgrades to Underweight from Neutral - PT $70 (from $88)
$MRNA: Jefferies Downgrades to Hold from Buy - PT $65 (from $120)
$MRNA: Oppenheimer Downgrades to Perform from Outperform
$NBR: Citi Downgrades to Neutral from Buy - PT $75 (from $110)
$RLJ: Wells Fargo Downgrades to Underweight from Equal Weight - PT $9 (from $11)
$VOYA: Raymond James Downgrades to Market Perform from Strong Buy