Relay Therapeutics 株価情報 (NASDAQ: RLAY)

最新ニュース Relay Therapeutics (NASDAQ:RLAY) 株価情報

RELAY THERAPEUTICS INC

Relay Therapeutics

Relay Therapeutics Inc is a clinical-stage precision medicine company transforming the drug discovery process by combining leading-edge computational and experimental technologies with the goal of bringing life-changing therapies to patients. the Dynamo platform integrates an array of leading-edge computational and experimental approaches designed to drug-protein targets that have previously been intractable or inadequately addressed. The company is advancing a pipeline of medicine candidates to address targets in precision oncology and genetic disease, including product candidates, RLY-4008, RLY-2608, and GDC-1971 (formerly known as RLY-1971).

Relay Therapeutics Inc

News

Analyst Ratings

Trading Ideas

Live On CNBC, Stephanie Link Announces Bought More KKR; Bought More Morgan Stanley

Okta Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) shares are falling Wednesday after the company reported first-quarter financial results and provided cautious forward-looking commentary. Multiple analysts also lowered price targets <a href="https://www.benzinga.com/news/earnings/25/05/45630958/okta-beats-q1-earnings-estimates-shares-tumble-on-cautious-guidance-commentary">following the report</a>. 
What Happened: Okta reported first-quarter revenue of $688 million and adjusted earnings of 86 cents per share, beating analyst <a href="https://www.benzinga.com/quote/okta/earnings">estimates</a>, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Total revenue and subscription revenue increased 12% year-over-year. Remaining performance obligations were up 21% year-over-year to $4.08 billion.
Net cash provided by operations was&nbsp;$241 million and free cash flow totaled $238 million in the quarter. Okta ended the period with approximately $2.73 billion in cash, cash equivalents and short-term investments.
Okta expects second-quarter revenue of $710 million to $712 million, and full-year 2026 revenue of $2.85 billion to $2.86 billion.&nbsp;The company also guided for second-quarter adjusted earnings&nbsp;of 83 to 84 cents per share, and full-year adjusted earnings of $3.23 to $3.28 per share.
The company said it&#8217;s now factoring in potential risks related to macroeconomic uncertainty for the remainder of the year.&nbsp;
&#8220;The world's biggest organizations continue to turn to Okta to solve identity security across their workforces, customers, and AI use cases,&#8221; said&nbsp;Todd McKinnon, co-founder and CEO of Okta.
&#8220;We remain focused on driving profitable growth, accelerating innovation, and delivering the only modern, unified identity security platform for our customers.&#8221;
Related Link: <a href="https://www.benzinga.com/25/05/45641813/dht-holdings-posts-weak-sales-joins-compass-diversified-okta-and-other-big-stocks-moving-lower-in-wednesdays-pre-market-session">DHT Holdings Posts Weak Sales, Joins Compass Diversified, Okta And Other Big Stocks Moving Lower</a>&nbsp;
Analyst Changes:
<ul class="wp-block-list">
<li>Jefferies analyst Brent Thill <a href="https://www.benzinga.com/analyst-stock-ratings">maintained a Hold</a> and lowered the price target from&nbsp;$135&nbsp;to&nbsp;$130.</li>
</ul>
<ul class="wp-block-list">
<li>Barclays analyst Saket Kalia maintained an Equal-Weight and lowered the price target from&nbsp;$135&nbsp;to&nbsp;$120.</li>
</ul>
<ul class="wp-block-list">
<li>Guggenheim analyst John Difucci maintained a Buy and lowered the price target from&nbsp;$140&nbsp;to&nbsp;$138.</li>
</ul>
<ul class="wp-block-list">
<li>UBS analyst Roger Boyd maintained a Buy and lowered the price target from&nbsp;$150&nbsp;to&nbsp;$130.</li>
</ul>
<ul class="wp-block-list">
<li>DA Davidson analyst Rudy Kessinger maintained a Buy and lowered the price target from&nbsp;$145&nbsp;to&nbsp;$140.</li>
</ul>
<ul class="wp-block-list">
<li>RBC Capital analyst Matthew Hedberg maintained an Outperform and lowered the price target from&nbsp;$143&nbsp;to&nbsp;$135.</li>
</ul>
<ul class="wp-block-list">
<li>Stephens &amp; Co. analyst Todd Weller reiterated Equal-Weight and maintained a price target of&nbsp;$127.</li>
</ul>
<ul class="wp-block-list">
<li>Wells Fargo analyst Andrew Nowinski maintained an Equal-Weight and raised the price target from&nbsp;$100&nbsp;to&nbsp;$110.</li>
</ul>
<ul class="wp-block-list">
<li>Canaccord Genuity analyst Richard Davis maintained a Hold and raised the price target from&nbsp;$100&nbsp;to&nbsp;$115.</li>
</ul>
OKTA Price Action: <a href="https://www.benzinga.com/quote/OKTA" target="_blank" rel="noreferrer noopener">Okta shares</a> were down 13.5% Wednesday, trading at $108.58 at the time of publication, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45644145/nvidia-stock-is-bullish-ahead-of-q1-earnings-but-will-h20-chip-woes-dampen-the-party">Nvidia Bullish Ahead Of Q1 Earnings, But Will H20 Chip Woes Dampen The Party?</a></li>
</ul>
Photo: Michael Vi/Shutterstock.

Guidance

Price Target

Movers

OKTA

Okta Stock Is Tumbling Wednesday: What's Going On?

<a href="https://www.youtube.com/watch?v=axaD_XOA-cI" title="https://www.youtube.com/watch?v=axaD_XOA-cI">https://www.youtube.com/watch?v=axaD_XOA-cI</a>

AMZN

GOOG

GOOGL

SNAP

President Trump Says TikTok Different Than Nippon; Would Need China Approval On TikTok; Think We Can Save TikTok

Shares of Unity Software Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) climbed 12.1% to $24.46 during Wednesday's trading session, extending a 14.4% rally since the company reported first-quarter earnings on May 7.
The surge comes despite the absence of any new company-specific developments, with the stock trending across social media platforms and drawing increased retail investor attention.
What To Know: Unity, a leading platform for game and interactive experience development, <a href="https://www.benzinga.com/pressreleases/25/05/b45249015/unity-reports-first-quarter-2025-financial-results">posted</a> better-than-expected first-quarter results. The company reported adjusted EPS of 24 cents, beating Wall Street's expectations of a 36 cent loss, and revenue of $435 million, which surpassed the $416.92 million estimate. 
Although total revenue declined 6% year-over-year due to a strategic portfolio reset, Unity achieved meaningful improvements in profitability, with adjusted EBITDA reaching $84 million and a margin of 19%.
CEO Matt Bromberg <a href="https://www.benzinga.com/pressreleases/25/05/b45249015/unity-reports-first-quarter-2025-financial-results">highlighted</a> the strong early traction of Unity Vector and demand for Unity 6 as key drivers of optimism. Analysts responded with <a href="https://www.benzinga.com/quote/U/analyst-ratings">mixed reactions</a>: while Needham and Stifel reiterated Buy ratings with lowered price targets, Barclays maintained an Equal-Weight rating.
The stock's momentum underscores recent investor enthusiasm for Unity's operational improvements and its long-term growth potential in the gaming development ecosystem.
Read Also: <a href="https://www.benzinga.com/news/25/05/45648088/coreweave-crwv-stock-pulls-back-from-all-time-high-whats-driving-the-volatility">CoreWeave Stock Pulls Back From All-Time High: What&#8217;s Driving The Volatility?</a>
<h2 class="wp-block-heading">How To Buy U Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Unity Software&#8217;s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, U has a 52-week high of $30.88 and a 52-week low of $13.90.
Photo: Shutterstock

Unity Software Stock Surges 12% Wednesday: What's Going On?

Capital raise led by His Royal Highness, Prince Abdulaziz bin Turki Abdulaziz Al Saud of Saudi Arabia
Adam Traidman, former Ripple board member and CEO of SBI Ripple Asia, has also invested and joined as Chairman of the Board of Advisors
VivoPower believed to be first public company in the world executing on an XRP-focused digital asset treasury and decentralized finance strategy
Funds raised will be used to buy and hold XRP, building out the treasury and DeFi team, as well as for debt reduction and working capital
Energi takeover due diligence continuing with a focus on Tembo
LONDON, May 28, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VVPR#NASDAQ">VVPR</a>, the "Company"))) is pleased to announce that it has reached agreement with certain investors in relation to a private capital raise priced at US$6.05 per share, above the last market closing price of US$6.04 under Nasdaq rules. In connection therewith, the Company has entered into securities purchase agreements (Subscription Agreement) with the investors for the purchase and sale of an aggregate of 20,000,000 ordinary shares of the Company at a price of US$6.05 per share for aggregate gross proceeds of approximately US$121 million, before deducting placement agent fees and other offering expenses.
The private offering was spearheaded by His Royal Highness, Prince Abdulaziz bin Turki Abdulaziz Al Saud, Chairman of Eleventh Holding Company in Saudi Arabia with participation from a number of other prominent digital asset industry investors, institutions, as well as the investment office of VivoPower Chairman, Kevin Chin.
VivoPower is believed to be the first publicly listed company in the world to launch an XRP-focused digital asset treasury strategy that also encompasses the contribution to building out the XRPL ecosystem for real-world decentralized finance blockchain solutions. XRP is expected to be one of five digital assets that will be accumulated by the US Government as part of President Donald Trump's recently announced Strategic Bitcoin Reserve and United States Digital Asset Stockpile.

Offerings

$XRP

VVPR

VivoPower Raises $121M In Private Offering Led By Saudi Royalty And XRP Industry Leaders At $6.05 Per Share; Capital To Fund XRP-Focused Digital Asset Treasury And DeFi Strategy, Debt Reduction, And Working Capital

DA Davidson analyst Gil Luria maintained Salesforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with an Underperform and a <a href="https://www.benzinga.com/quote/CRM/analyst-ratings" target="_blank" rel="noreferrer noopener">$200 price target</a> on Tuesday.
On Tuesday, Salesforce announced it had <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/05/45617449/salesforce-strikes-8-billion-acquisition-to-boost-ai-and-data-cloud-power" rel="noreferrer noopener">agreed to acquire</a> Informatica Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INFA#NYSE">INFA</a>) for $8 billion or $25 per share, net of its current investment in the company in cash (11% premium to Informatica&#8217;s Friday close), Luria said.
According to the analyst, this is Salesforce&#8217;s first headline M&amp;A deal since the company acquired Slack in 2021 for $28 billion.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45357365/salesforce-sales-cloud-ai-integration-and-cloud-upsells-drive-analyst-confidence-in-long-term-growth" target="_blank" rel="noreferrer noopener">Salesforce Sales Cloud, AI Integration, And Cloud Upsells Drive Analyst Confidence In Long-Term Growth</a>
Since 2021, Salesforce has completed several strategic bolt-ons to enhance its data and AI offerings. The Informatica deals mark the third consecutive transaction focused on adding incremental data capabilities to the company&#8217;s growing product portfolio, specifically its Data Cloud offering.
While he noted potential benefits from adding Informatica&#8217;s data management capabilities, he is hesitant to endorse the deal given Informatica&#8217;s suboptimal execution track record and legacy technology offerings.
Luria noted that part of the reasoning for the rerating was that Salesforce would start covering up its slowing organic growth with acquisitions. The first part was evident on Tuesday, and the second part will be evident when Salesforce reports on Wednesday after the close, as per the analyst.
While the acquisition may become financially accretive in the second year, he did not believe that buying a legacy technology company that has lost its growth would change the fact that Salesforce is losing its own organic growth.
Luria said that just over a year ago, in April 2024, it was rumored that Salesforce was in advanced talks with Informatica to acquire the business for ~$10 billion.
While Informatica shareholders welcomed this news, Salesforce investors did not respond favorably, and shares declined 7% after the announcement, the analyst said.
He noted that several factors led to this initial reaction, but the wave of criticism from investors and market analysts seemed to center around Salesforce&#8217;s intentions to integrate Informatica&#8217;s legacy data capabilities with the company&#8217;s existing data cloud offering, which it has been building over the past few years.
Luria also inhabited this camp, taking a more skeptical view of this deal&#8217;s long-term strategic rationale from a product and innovation perspective.
Going forward, Luria expects Salesforce to continue acquiring software providers who offer additive features, allowing the business to push Agentforce to incremental customers.
The analyst is already street low for fiscal 2026 revenue growth at 5.5% versus consensus of 7.5%.
Price Actions: CRM shares traded lower by 0.37% at $276.19 at the last check Wednesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/04/44908035/salesforces-investment-in-ai-and-data-cloud-boosts-long-term-growth-outlook-analyst-confident" target="_blank" rel="noreferrer noopener">Salesforce&#8217;s Agentforce AI, Data Cloud Strengthen Long-Term Growth Potential: Analyst</a></li>
</ul>
Photo: Shutterstock

Reiteration

INFA

Salesforce Buying Spree Worries Analyst Who Sees Informatica Deal As Cover For Weak Growth

WIIM

CPRI

Capri Holdings shares are trading higher after the company reported a Q4 revenue beat and issued FY26 adjusted EPS guidance above estimates.

Macro Economic Events

Politics

Economics

General

U.S. Special Envoy to the Middle East Steve Witkoff Says On Precipice Of Sending Out New Terms Sheet; Trump To Review Terms Sheet; Good Feelings On Temporary Ceasefire For Gaza

Stifel analyst Adam Borg maintains Okta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) with a Buy and raises the price target from $120 to $130.

Stifel Maintains Buy on Okta, Raises Price Target to $130

Jamie Lynn Spears had the internet in a chokehold for a hot minute—and not for her acting or singing. The "Zoey 101" alum and Britney Spears' little sister raised eyebrows in 2021 when she reportedly accused <a href="https://www.benzinga.com/personal-finance/25/04/45059919/elon-musk-said-with-confidence-i-know-more-about-manufacturing-than-anyone-alive-then-the-cybert">Elon Musk of manufacturing cars</a> too stealthy for her pets to survive.
In a now-deleted Instagram video preserved by <a href="https://www.tmz.com/2021/01/15/jamie-lynn-spears-blames-teslas-quietness-for-cat-deaths/">TMZ</a>, Jamie Lynn claimed Tesla vehicles were essentially silent assassins. "We have now lost — I don't want to tell you how many cats — because they don't hear the Tesla crank and unfortunate things happen," she said. One unfortunate victim was a cat named Turkey, reportedly backed over in her driveway.
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At one point, she directly addressed Tesla's CEO: "Elon Musk, let's figure this out. You owe me a couple cats."
She even proposed a solution: make Teslas emit annoying noises that specifically bother animals so they move out of the way. And here's the twist—federal law already requires that. Since September 2020, all electric vehicles in the <a href="https://www.federalregister.gov/documents/2022/07/13/2022-14733/federal-motor-vehicle-safety-standards-minimum-sound-requirements-for-hybrid-and-electric-vehicles?utm_source=chatgpt.com">U.S. must emit at least 43 decibels of sound at low speeds</a> to warn pedestrians. That rule, though, was designed with human safety in mind—particularly for the visually impaired—not necessarily curious backyard cats.
After her comments gained traction and a fair share of internet ridicule, Jamie Lynn walked things back in a follow-up post—also deleted. She clarified that she hadn't run over any cats, Tesla wasn't really to blame, and admitted that "user error is admittedly involved."
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — <a href="https://www.benzinga.com/money/boxabl-scaling-fast-from-spacex-orders-to-600-homes-built-this-60k-foldable-home-may-be-the-future-of-housing">this is your last chance to become an investor for $0.80 per share.</a>
According to a <a href="https://www.lendingtree.com/insurance/brand-incidents-study/">2024 study by LendingTree</a>, Tesla drivers were involved in more accidents than drivers of any other brand—26.67 accidents per 1,000 drivers, up from 23.54 the year before. Some of those crashes involved the company's self-driving features, which have faced multiple federal investigations. Ram and Subaru followed closely behind in the rankings, but Tesla once again topped the list for the <a href="https://www.benzinga.com/tech/25/05/45582014/more-tesla-owners-are-switching-to-cadillac-evs-as-elon-musks-ev-giant-faces-turbulent-times">most accident-prone drivers</a>.
So when Jamie Lynn later walked back her comments—clarifying that Tesla wasn't really to blame and admitting that "user error" is likely at fault—she may have unintentionally echoed what data is now confirming: sometimes the car's not the problem, but how people are using it.
See Also: Nancy Pelosi Invested $5 Million In An AI Company Last Year — <a href="https://www.benzinga.com/money/elf-labs-ym?v=123">Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000.</a>
To be fair, her original rant didn't seem malicious—more like a frazzled pet owner venting grief. But the internet is quick, and vague fingers pointed at Elon Musk don't go unnoticed. Tesla, for its part, didn't comment on the matter.
It was a moment of viral chaos that got people talking—about pet safety, EV sound regulations, and the hazards of airing personal pet tragedies online. As for Jamie Lynn? Lesson learned: think twice before dragging billionaires into your backyard drama. Especially when the receipts are, well, deleted.
Read Next:
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<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.30/share!</a></li>
</ul>
Image: Shutterstock

Personal Finance

Elon Musk Was Reportedly Accused By Britney Spears' Sister of Making Teslas Too Quiet For Her Pets to Hear — 'You Owe Me a Couple Cats'

Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has outperformed the market over the past 10 years by 25.28% on an annualized basis producing an average annual return of 36.09%. Currently, Tesla has a market capitalization of $1.16 trillion. 
Buying $100 In TSLA: If an investor had bought $100 of TSLA stock 10 years ago, it would be worth $2,169.57 today based on a price of $360.82 for TSLA at the time of writing.
<h3>Tesla's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1748449823_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

TSLA

If You Invested $100 In This Stock 10 Years Ago, You Would Have This Much Today

<a href="https://www.youtube.com/watch?v=axaD_XOA-cI">https://www.youtube.com/watch?v=axaD_XOA-cI</a>

President Trump Says Getting Food To Gaza

Tenaris shares are trading higher after the company announced approval for a $1.2 billion share buyback program.

<a href="https://www.youtube.com/watch?v=axaD_XOA-cI">https://www.youtube.com/watch?v=axaD_XOA-cI</a>
&nbsp;

Global

President Trump Says Can't Tell You If Putin Wants To End War; Will Find Out Soon; Will Respond Differently If Putin Playing Us; Disappointed In What Happened In Ukraine

President Trump Says Disappointed In What Happened In Ukraine

Stifel analyst Brian Brophy maintains MasTec (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTZ#NYSE">MTZ</a>) with a Buy and raises the price target from $171 to $181.

Stifel Maintains Buy on MasTec, Raises Price Target to $181

Stifel analyst Paul Matteis downgrades Vigil Neuroscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIGL#NASDAQ">VIGL</a>) from Buy to Hold and lowers the price target from $11 to $8.

Downgrades

VIGL

Stifel Downgrades Vigil Neuroscience to Hold, Lowers Price Target to $8

PDD Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) stock is trading lower on Wednesday after the company reported worse-than-expected first-quarter financial results on Tuesday.
The company reported <a target="_blank" href="https://www.benzinga.com/news/earnings/25/05/45616623/temu-parent-pdd-does-not-mention-tariffs-impact-blames-external-environment-and-ecosystem-investments-for-profit-plunge" rel="noreferrer noopener">fiscal&nbsp;first-quarter&nbsp;2025</a>&nbsp;revenue growth of&nbsp;10%&nbsp;to&nbsp;$13.18 billion&nbsp;(95.67 billion Chinese yuan), missing the&nbsp;analyst consensus estimate of&nbsp;$14.17 billion. The adjusted operating margin plunged from 32.9% to 19.1% Y/Y.
Also Read: <a href="https://www.benzinga.com/government/regulations/25/05/45348699/us-listed-chinese-stocks-rally-as-countries-agree-to-ease-import-tariffs" target="_blank" rel="noreferrer noopener">US Listed Chinese Stocks Rally As Countries Agree To Ease Import Tariffs</a>
The Chinese online retailer&#8217;s adjusted earnings per ADS of&nbsp;$1.56 (11.41 Chinese yuan) decreased from $2.86 (20.72 Chinese yuan) Y/Y, missing the&nbsp;analyst consensus estimate&nbsp;of&nbsp;$2.49.&nbsp;
Wall Street analysts rerated the stock on Wednesday, downgrading the rating and cutting down on their price targets.
Benchmark analyst Fawne Jiang maintained PDD Holdings with a Buy and lowered the <a target="_blank" href="https://www.benzinga.com/quote/PDD/analyst-ratings" rel="noreferrer noopener">price target from&nbsp;$160&nbsp;to&nbsp;$128</a>.
PDD&#8217;s first-quarter results revealed that domestic e-commerce growth was roughly in line with expectations, while international revenue came in below forecast. Jiang noted that this miss was largely anticipated amid ongoing tariff tensions.
Despite signs of reduced U.S. ad spending, PDD ramped up investment in merchant support considerably, leading to a pronounced margin decline in the first quarter, the analyst noted.
Moreover, he said management characterized this spending as part of a longer-term investment cycle focused on strengthening the merchant ecosystem.
Given the margin compression and elevated strategic outlays, Jiang expects material downward earnings revisions, especially since the duration and payoff timeline of this investment cycle remains uncertain.
Coupled with fluid global trade dynamics, the analyst noted the stock will likely remain under pressure soon.
Jiang continues to see the potential for PDD to grow earnings in the mid-teens over a normalized cycle, and the current valuation reflects a depressed scenario.
While the investment narrative is shifting, the analyst noted management&#8217;s actions as primarily defensive amid intensifying competition, with some discretionary flexibility still intact.
Jiang said that PDD is navigating a challenging environment shaped by intensifying domestic competition, rising merchant costs due to policy headwinds such as tariffs, and the growing need for substantial investments to support merchant adaptability and long-term growth. In response, the analyst noted that the company is doubling on ecosystem expansion, broadening product offerings, enhancing supply chain capabilities, and accelerating digital transformation to improve operational efficiency and service quality.
In the near term, however, Jiang expects PDD&#8217;s elevated strategic investments in merchant and consumer support to weigh on margins, given the scale of these initiatives and the inherent lag between investment and returns.
With PDD&#8217;s highly efficient, data-driven, and value-oriented e-commerce platform, Jiang continues to see the potential for mid-teen earnings growth in a more normalized environment.
Jiang revised his fiscal 2025 and 2026 revenue estimates to 427 billion Chinese yuan (+8% Y/Y) and 495 billion Chinese yuan (+16% Y/Y), reflecting softer growth momentum and near-term macro and policy headwinds.
As a result, his updated adjusted EPADS estimates are $7.63 for fiscal 2025 and $8.59 for fiscal 2026.
Price Action: PDD stock is trading lower by 3.83% to $99.03 at last check Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/05/45620670/alibaba-eyes-growth-in-other-markets-as-us-ties-strained-says-chairman" target="_blank" rel="noreferrer noopener">Alibaba Eyes Growth In Other Markets As US Ties Strained, Says Chairman</a></li>
</ul>
Photo: Shutterstock

Citigourp Global Markets 2% Protected Notes Linked To The Djia

PDD Margins Fall On Strategic Spending — Analyst Sees Long-Term Upside, But Payoff Timing Unclear

Raymond James analyst John Freeman reiterates Viper Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNOM#NASDAQ">VNOM</a>) with a Outperform and raises the price target from $52 to $54.

VNOM

Raymond James Reiterates Outperform on Viper Energy, Raises Price Target to $54

Shares of Okta Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) tanked in early trading on Wednesday despite the company&#8217;s <a href="https://www.benzinga.com/news/earnings/25/05/45630958/okta-beats-q1-earnings-estimates-shares-tumble-on-cautious-guidance-commentary">upbeat quarterly results</a> on Tuesday.
Here are some key analyst takeaways.
Guggenheim Securities On Okta
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587f78d077f9dd000126ef0f/john-difucci">Analyst John DiFucci</a> reiterated a Buy rating while reducing the price target from $140 to $138.
Okta's subscription and total revenues rose 12% year-on-year to $673 million and $688 million, beating expectations by 80 basis points (bps) and 1.2 bps, respectively, DiFucci said in a note. Despite the beat, the results reflected "another quarter of deceleration from the year-ago period," he added.
Management maintained its full-year guidance, which means that none of the first-quarter beats flowed through, the analyst stated. This seems "prudent" given "the heightened uncertainty in the selling environment," he further wrote.
Stifel On Okta
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6022b60ca6fe6f0001873d54/adam-borg">Analyst Adam Borg</a> maintained a Buy rating while raising the price target from $120 to $130.
Okta delivered solid quarterly results, with all key metrics coming in above the guidance, Borg said. Although cRPO (current remaining performance obligation) grew 14% year-on-year, beating guidance of 12%, it came in below some expectations of 15%-16%, he added.
The analyst also stated that the stock was impacted by the company&#8217;s guidance to cRPO for the fiscal second quarter, slightly below consensus. "Regarding the macro/guidance, management notes of no impacts in the April quarter (and early May), but is baking in additional conservatism to guidance," he wrote.
DA Davidson On Palo Okta
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/61152e71b4035700018afbc0/rudy-kessinger">Analyst Rudy Kessinger</a> reaffirmed a Buy rating while cutting the price target from $145 to $140.
Okta reported revenues and earnings of $688.0 million and 86 cents per share, beating consensus of $680.1 million and 77 cents per share, respectively, Kessinger said. The company guided to revenue and earnings of $711.0 million and 84 cents per share for the fiscal second quarter, higher than consensus of $708.8 million and 79 cents per share, he added.
The analyst stated that the guidance implies rev growth of +10% year-on-year. "FY26 growth guidance continues to look very conservative in light of recent CRPO growth and other factors."
Goldman Sachs On Okta
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/589dc33e43eaaa000122c59a/gabriela-borges">Analyst Gabriela Borges</a> reiterated a Buy rating while raising the price target from $123 to $137.
Okta's revenue was 1% higher than Street expectations, while cRPO was 2% above and EBIT margin surpassed estimates by around 200bps, Borges said. The revenue guidance for the fiscal second quarter came in line with expectations, but the cRPO outlook missed by 1%, she added.
Management maintained their full-year revenue and EBIT margin guidance, the analyst stated. "NRR (net recurring revenue) was 106% (down from 107% in 4QFY) and is expected to stay within the 106-108% range for the balance of FY26," Borges further wrote.
Needham On Okta
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/601a8839a6fe6f00010c6966/mike-cikos">Analyst Mike Cikos</a> maintained a Buy rating while lifting the price target from $115 to $125.
Okta's results surpassed the guidance and its pipelines strengthened during March and April, Cikos said. He added, however, that investors are likely to focus on cRPO growth in the July quarter, which was guided to $2,200-$2,205 billion, missing sell-side projections of $2.229 billion.
This was the first time management guided to a sequential decline in cRPO for the second quarter. "Management embedded additional conservatism into the guide to account for the uncertain economic environment," he further wrote.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
RBC Capital Markets On Okta
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5880b6f377f9dd00011b0ab2/matthew-hedberg">Analyst Matthew Hedberg</a> reiterated an Outperform rating, while reducing the price target from $143 to $135.
Okta reported "a good quarter," and is seeing healthy traction around its go-to-market changes, Hedberg said. Although the company did not experience any macro pressures, it kept its full-year guidance unchanged due to macro uncertainties, he added.
"We also think Q2/26 cRPO, which was guided lower, was mismodeled by the Street," the analyst wrote.
Stephens On Okta
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/67ebeaa15b91ab00015a8af3/todd-weller">Analyst Todd Weller</a> maintained an Equal-Weight rating and price target of $127.
Okta delivered a strong revenue performance, beating the consensus, "with growth continuing to trend positively," Weller said. The company's profitability was strong, with non-GAAP operating margin and free cash flow margin coming in at 26.7% and 34.6%, respectively, he added.
Okta took a prudent approach for guidance due to "potential risks related to its go-to-market specialization that was recently rolled out" and risks related to the uncertain environment, he stated.
Roth Capital Partners On Okta
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58ad8d48b85e930001f97170/robert-ohmes">Analyst Taz Koujalgi</a> reiterated a Buy rating and price target of $119.
While Okta delivered revenues above its guidance and consensus estimates, the beat was lighter versus prior quarters, Koujalgi noted. cRPO was also better than the guidance, but was "at the low end of buyside expectations," he added.
Okta said April had been a good month and that and May was "off to a good start," the analyst stated. "But, similar to many other cybersecurity companies that have reported so far, it cited macro uncertainty driving an extra degree of conservatism in its guide," Koujalgi wrote.
WestPark Capital On Okta
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/63eb6f975f23fa00010a7dee/casey-ryan">Analyst Casey Ryan</a> maintained a Buy rating and price target of $140.
Okta's cRPO grew 15% year-on-year to $2.2 billion, while total RPO grew 21% to $4.1 billion, Ryan said. "We view it as a positive that both backlog metrics grew faster than revenues," he wrote.
"We believe the trend in agentic computing identities will drive demand across almost all end customer use cases," the analyst further stated.
JMP Securities On Okta
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6298be750c34880001d668d9/trevor-walsh">Analyst Trevor Walsh</a> reiterated a Market Perform rating on the stock.
For the fiscal second quarter, Okta provided guidance of $710.0-$712.0 million versus a consensus of $708.3 million, Walsh said. The non-GAAP earnings outlook came in at 83-84 cents per share, above the consensus of 79 cents per share, he added.
While there were "no discernible disruptions from tariffs" during the quarter, management chose to take a conservative approach to guidance due to "general uncertainty" in the environment, the analyst stated.
Raymond James On Okta
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/591ed97e290fa70001e6c69d/adam-tindle">Analyst Adam Tindle</a> reaffirmed a Market Perform rating on the stock.
Okta's cRPO guidance implied a sequential decline for two consecutive quarters, Tindle said.
"This is relevant as software models can waterfall off growth from the balance sheet for a while, but this metric suggests real-time growth of the business is in decline which has implications for the valuation multiple," he wrote.
OKTA Price Action: At the time of publication on Wednesday, shares of Okta had declined by 14.12% to $107.78.
Read More: <a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45262278/under-armour-faces-tough-road-ahead-says-analyst">&nbsp;Why Box Shares Are Trading Higher By 12%; Here Are 20 Stocks Moving Premarket</a>
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