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X sees major outages as Musk claims ‘massive cyberattack’ hit platform

Three separate outages appeared to hit Elon Musk’s X social media site Monday as he claimed it was suffering a ‘massive cyberattack.’

Downdetector.com first registered thousands of reports of trouble accessing or using the site around 5:30 a.m. ET. It took about an hour before those issues subsided.

Then, around 9:30 a.m., the issues appeared to flare up again, with as many as 40,000 outage reports detected. It again took about an hour for that incident to dissipate.

Finally, around 11:10 a.m., the issues cropped up again, according to Downdetector.

A representative for X couldn’t immediately be reached for comment.

Musk said Monday afternoon on X that there had been a ‘massive cyberattack’ against the site.

‘We get attacked every day, but this was done with a lot of resources. Either a large, coordinated group and/or a country is involved,” he said. He didn’t post any evidence of a cyberattack.

Experts said the outage was consistent with a distributed denial of service (DDoS) attack, a rudimentary but sometimes effective hacker tactic to overwhelm a website with traffic, effectively knocking it offline.

Isik Mater, the director of research at NetBlocks, a company that tracks global internet connectivity, told NBC News that X had suffered intermittent outages since Monday morning. While establishing a DDoS attack with certainty can be difficult, Mater said, Musk’s claim was plausible.

“It’s difficult to be certain, but given the pattern of three observed outages, a denial [of] service attack targeting X’s infrastructure can’t be ruled out,” she said. “It’s certainly one of the longest X/Twitter outages in our records.”

Musk said in an interview Monday afternoon on Fox Business that the outage was due to “a massive cyberattack to try to bring down the X system with IP addresses originating in the Ukraine area,” a reference to internet protocol addresses. IP addresses, strings of numbers assigned to all internet-connected devices, include codes indicating their countries of origin.

Large DDoS attacks usually rely on large armies of hacked devices from around the world. The IP addresses of the devices used against X aren’t public, and they are unlikely to be a reliable indication of where the attacker was based.

This post appeared first on NBC NEWS

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Southwest Airlines will charge to check bags for the first time, launch basic economy tickets

It’s happening: Southwest Airlines will start charging passengers to check bags for the first time.

It’s a stunning reversal that shows the low-cost pioneer is willing to part with a customer perk executives have said set it apart from rivals in more than half a century of flying in hopes of increasing revenue.

Southwest’s changes come after months of pressure from activist Elliott Investment Management. The firm took a stake in the airline last year and won five board seats as it pushed for quick changes at the company, which held on for decades — until now — to perks such as free checked bags, changeable tickets and open seating.

For tickets purchased on or after May 28, Southwest customers in all but the top tier-fare class will have to pay to check bags, though there will be exceptions. Elite frequent flyers who hold “A-List Preferred” status will still get two bags and A-List level members will get one free checked bag. Southwest credit card holders will also get one free checked bag.

“Two bags fly free” is a registered trademark on Southwest’s website. But its decision to about-face on what executives long cast as a sacrosanct passenger perk brings the largest U.S. domestic carrier in line with its rivals, which together generated $5.5 billion from bag fees last year, according to federal data.

Southwest executives have long said they didn’t plan to charge for bags, telling Wall Street analysts that it was a major reason why customers chose the airline.

“After fare and schedule, bags fly free is cited as the No. 1 issue in terms of why customers choose Southwest,” CEO Bob Jordan said on an earnings call last July.

But Southwest has changed its tune.

“What’s changed is that we’ve come to realize that we need more revenue to cover our costs,” COO Andrew Watterson said in an interview with CNBC about the baggage fee changes. “We think that these changes that we’re announcing today will lead to less of that share shift than would have been the case otherwise.”

In September, Southwest’s then-chief transformation officer, Ryan Green, told analysts that its analysis showed Southwest would lose more money from passengers defecting to rivals if it started charging for bags than it would make from the fees.

“The fact that free bags is a key driver of choice creates the risk that customers may choose the competition if we change the policy,” he said.

Southwest said last month that it had parted ways with Green.

The airline also said Tuesday that it will launch a new, basic economy fare, something rivals have offered for years.

Southwest, in addition, will change the way customers earn Rapid Rewards: Customers will earn more of the frequent flyer miles depending on how much they pay. Redemption rates will vary depending on flight demand, a dynamic pricing model competitors use.

And flight credits for tickets for tickets purchased on or after May 28 will expire one year, or earlier, depending on the type of fare purchased.

It’s the latest in a string of massive strategy changes at Southwest as its performance has fallen behind rivals.

Last July, Southwest shocked passengers when it announced it would ditch its open seating model for assigned seats and add “premium” extra legroom options, ending decades of an single-class cabin.

The airline is also looking to slash its costs. Higher expenses coming out of the pandemic have taken a bite out of airline margins.

Last month, Southwest announced its first mass layoff, cutting about 1,750 jobs roughly 15% of its corporate staff, many of them at its headquarters, a decision CEO Jordan called “unprecedented” in the carrier’s more than 53 years of flying.

“We are at a pivotal moment as we transform Southwest Airlines into a leaner, faster, and more agile organization,” he said last month.

Earlier this year, Southwest announced the retirement of its longtime finance chief, Tammy Romo, who was replaced by Breeze executive Tom Doxey, and its chief administrative officer, Linda Rutherford. Both executives worked at Southwest for more than 30 years.

Southwest has also cut unprofitable routes, summer internships and employee teambuilding events its held for decades.

This post appeared first on NBC NEWS

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Dick’s Sporting Goods is latest retailer to forecast rocky 2025 as recession fears swirl

Dick’s Sporting Goods on Tuesday said it’s expecting 2025 profits to be far lower than Wall Street anticipated, making it the latest retailer to forecast a rocky year ahead as consumers contend with tariffs, inflation and fears around a potential recession. 

In an interview with CNBC, Executive Chairman Ed Stack said the company’s exposure to China, Mexico and Canada for sourcing is very small, but it recognizes that falling consumer confidence could impact spending.

“I do think it’s just a bit of an uncertain world out there right now,” said Stack. “What’s going to happen from a tariff standpoint? You know, if tariffs are put in place and prices rise the way that they might, what’s going to happen with the consumer?”

On a call with analysts, CEO Lauren Hobart insisted the company is not seeing a weak consumer, and said its guidance is based on the overall uncertain environment.

“We definitely are feeling great about our consumer,” said Hobart. “We are just reflecting an appropriate level of caution given so much uncertainty out in the marketplace.”

Shares of the company opened about 2% lower.

Despite the weak guidance, the sporting goods retailer posted its best holiday quarter on record. Its comparable sales rose 6.4%, far ahead of the 2.9% growth that analysts expected, according to StreetAccount. 

Here’s how Dick’s did in its fiscal fourth quarter compared with what Wall Street was anticipating, based on a survey of analysts by LSEG:

Earnings per share: $3.62 vs. $3.53 expected

Revenue: $3.89 billion vs. $3.78 billion expected

The company’s reported net income for the three-month period that ended Feb. 1 was $300 million, or $3.62 per share, compared with $296 million, or $3.57 per share, a year earlier.  

Sales rose to $3.89 billion, up about 0.5% from $3.88 billion a year earlier. Like other retailers, Dick’s benefited from an extra week in the year-ago period, which has skewed comparisons. But unlike many of its peers, Dick’s still managed to grow both sales and profits during the quarter, even with one less selling week. 

In the year ahead, Dick’s is expecting earnings per share to be between $13.80 and $14.40, well short of Wall Street estimates of $14.86, according to LSEG. It anticipates net sales will be between $13.6 billion and $13.9 billion, which at the high end is in line with estimates of $13.9 billion, according to LSEG. Dick’s expecting comparable sales to grow between 1% and 3%, compared with estimates of up 2.5%, according to StreetAccount. 

The gloomy earnings outlook comes after a wide array of other retailers gave weak forecasts for the current quarter or the year ahead amid concerns about sliding consumer confidence and the impact tariffs and inflation could have on spending. Kohl’s also offered a weak outlook for the year ahead on Tuesday, leading its shares to plummet 15%.

Some retailers blamed an unseasonably cool February for a weak start to the current quarter, but most recognized they’re also operating in a tough macroeconomic backdrop, and it’s harder than ever to forecast how consumers are holding up. In February, consumer confidence slid to its lowest levels since 2021, the jobs report came in weaker than expected and unemployment ticked up. Over the last few years, a strong job market has led many economists to brush away concerns about rising credit card delinquencies and debt, but those cracks could grow deeper if unemployment continues to rise. 

On Monday, some of those concerns triggered a stock market sell-off, extending losses after the S&P 500 posted three consecutive negative weeks. The Nasdaq Composite saw its worst day since September 2022, while the Dow lost nearly 900 points and closed below its 200-day moving average for the first time since Nov. 1, 2023.

Beyond the uncertain macroeconomic environment, Dick’s plans to invest more heavily in its “House of Sport” concept and e-commerce in the year ahead, which it also expects will weigh on profits. The massive, 100,000-square-foot stores are a growth area for the company and include features like rock climbing walls and running tracks. 

In the year ahead, Dick’s plans to spend $1 billion on a net basis building 16 additional House of Sport locations and 18 Field House locations, which take some of the experimental elements of the House of Sport but fit it into the size of a traditional Dick’s store. 

The strategy comes at a strong point for sports in the country, which is expected to be a tail wind for the business. The 2026 World Cup will be held in North America, women’s sports are more popular than ever, and consumers are increasingly focused on health and wellness. 

“We’re going to have a moment here in the next three or four years, from a sports standpoint, that I think is going to put sport on steroids,” said Stack. “We’re going into a sports moment right now, and we are investing very heavily into that sports moment over the next several years because this is going to last through [2030] and maybe beyond.”

— Additional reporting by CNBC’s Courtney Reagan.

This post appeared first on NBC NEWS

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Reddit stock price has imploded: is it safe to buy the dip?

Reddit stock price has crashed in the past few months. RDDT shares have crashed from the all-time high of $230 in February to a low of $107.30, its lowest level since October last year. This crash has brought its market cap from over $41 billion in February to the current $19.1 billion, leading to a $22 billion wipeout. 

Reddit stock price has crashed

Reddit, one of the top social media companies, has come under pressure in the past few months as concerns about its growth continue. 

The most recent results showed that the revenue in the fourth quarter stood at $427 million, a 71% annual increase. 

Its gross margins rose to 92.6%, while the adjusted EBITDA rose to $154 million. This growth happened as the number of daily active unique users jumped by 39% to 101.7 million. This makes it one of the biggest companies in the social media industry. 

Reddit’s annual revenue continued to soar in 2024. Its annual figure rose by 62% to $1.3 billion, a big increase from the $228 million that it made in 2020. 

Analysts anticipate that the company’s growth will continue growing in the coming years. Its annual revenue is expected to hit $1.81 billion, a 39% increase from what it made in 2024. It will then make over $2.36 billion in 2026. 

Reddit’s business is becoming a more profitable company. Analysts anticipate that the earnings per share (EPS) to move from minus $8.19 to an earnings per share to $0.02. For the year, analysts expect that its EPS will be $1.14, followed by $2.29 in the next financial year. 

Read more: Reddit stock faces bigger risks than Google algorithm change in 2025, analyst warns

Is Reddit a good stock to buy?

Reddit has been a unique social media company since 2005. It is more unique than other social media companies like X and Facebook in that people use it to access and communicate based on their areas of interest. 

Reddit’s business has continued to do well, adding more users each day. SimilarWeb data shows that it is one of the most visited websites in the internet. It had over 3.4 billion visitors last month, a 11% decline from a month earlier. This decline is partly because February had 28 days compared to January’s 31.

A case can be made to invest in Reddit stock. Its monthly active users are still growing, and the company is on a path towards profitability. 

Additionally, analysts believe that the Reddit stock price has more upside, with the average target by Wall Street analysts being $204, up from the current $107.2. 

Reddit stock price forecast

RDDT stock chart by TradingView

The daily chart shows that the RDDT share price has crashed in the past few weeks. This crash happened after the company issued a weak forward guidance after publishing its financial results. 

Reddit stock has moved below the 61.8% Fibonacci Retracement level. It is also nearing the ultimate support of the Murrey Math Lines tool. The Relative Strength Index (RSI) and the MACD indicators have all pointed downwards.

Therefore, the Reddit share price will likely drop some more as jitters in the stock market continue remain. It will then bounce back later this year, and possibly move to the next key resistance level at $150. 

Read more: Top 3 reasons why I’m buying Reddit stock on recent weakness

The post Reddit stock price has imploded: is it safe to buy the dip? appeared first on Invezz

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Wheels Up stock price on edge ahead of earnings: buy the dip?

Wheels Up Experience (UP) stock price crashed to a record low of $1 on Monday as investors waited for its quarterly financial results. The UP share price has crashed by 35% this year, lagging behind other companies in Wall Street. This drop has brought its market cap to about $746 million. So, will the UP stock crash after forming a descending triangle ahead of earnings?

Wheels Up Experience background

Wheels Up Experience is a company that seeks to disrupt the corporate travel industry. It does that by having a fleet of private jets that customers can book easily.

Customers can choose to be members and pay an annual fee. An individual membership starts at $100,000, while an SME package starts at $250,000. The custom enterprise solutions business starts at $500,000 annually. 

The company also offers charter services, where customers don’t need to pay these membership packages. Instead, they can use the pay-as-you-go model where they pay the current rates for their flights. 

Wheels Up Experience operates in a highly competitive industry. NetJets, which Warren Buffett backs, is the biggest player in the private jet industry. The other top players in the sector are firms like Flexjet, VistaJet, FlyExclusive, and BlackJet. 

Read more: Wheels Up stock price forecast: Hopes lost, crash landing ahead

Wheels Up, which Delta Air Lines and Cox Enterprises back, has struggled in the past few years and is now going through a turnaround strategy. It has come close to bankruptcy in the past few years.

As part of its turnaround strategy, the company decided to sell its aircraft management business to Airshare. It also sold some of its Citation X aircraft. The remaining company is a leaner organization, which the management hopes will be more profitable in the future. 

Wheels Up has also announced a fleet modernization plan that it will see it replace its current fleet with Embraer Phenom 300 and Bombardier Challenger 300 series. 

Further, the company announced that it would acquire GrandView Aviation’s fleet of Phenom 300 planes. 

UP earnings ahead

The next key catalyst for Wheels Up’s stock price will be its earnings, which will provide more color on its business performance. 

The most recent results showed that the company’s business was stabilizing. Its active members dropped by 38% to 6,699 during the quarter, a move that it attributed to the changes in its business strategy. Active users dropped to 8,215. 

Wheel’s Up revenue crashed by 39% to $193 million, while its net loss improved by 60% to over $57 million. 

The nine-month revenue dropped by 42% to $587 million, while the net loss narrowed to $252 million. These declines were because the company exited the aircraft management and aircraft sale business. 

Analysts are mixed about the future of Wheels Up. Optimists argue that the firm’s business will continue doing well as the turnaround approach continues. They also point to the modest improvement of its balance sheet after it secured a $332 million revolving credit from Bank of America. 

Wheels Up stock price analysis

UP stock chart by TradingView

The daily chart shows that the UP stock price has been in a strong downtrend in the past few months. It has dropped below the key support level at $1.15, the lowest swing on November 13. 

The stock has moved below the 50-day and 25-day moving averages. Also, the Percentage Price Oscillator (PPO) and the Relative Strength Index (RSI) have continued falling. 

The UP share price has also formed a descending triangle pattern, a popular bearish outlook. Therefore, the stock will likely continue falling and move below $1 because of the triangle pattern. 

Conversely, a move above the 100-day moving average at $1.72 will invalidate the bearish outlook. However, there is also a likelihood that the stock may have a short squeeze after earnings. 

The post Wheels Up stock price on edge ahead of earnings: buy the dip? appeared first on Invezz

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DocuSign stock price forecast: could explode higher after earnings

DocuSign stock price has crashed by almost 30% from its highest level this year as concerns about its growth trajectory remained. It has retreated to $77.85, its lowest level since November 19. Is DOCU a good contrarian stock to buy ahead of its earnings on March 13?

DocuSign earnings ahead

The main catalyst for the DocuSign share price is its upcoming financial results, which will provide more details about its business trajectory.

The most recent third quarter numbers showed that the company’s business was still slowing. Total revenue rose by 8% in Q3 to $754 million. 

DocuSign’s subscription revenue rose by 8% to $734 million, while its professional services rose by 11% to $20.1 million. 

Wall Street analysts expect the upcoming results to show that DocuSign’s revenue will be $761 million. This outlook is near the upper side of its revenue guidance of between $758 million and $762 million. 

The annual revenue is expected to be $2.96 billion, up by 7.25% from the previous year. It will then make $3.15 billion next year, a 6.36% annual increase, signaling that the growth trajectory has faded. 

DocuSign’s growth has come under pressure for two main reasons. First, the e-signature industry has slowed in the past few years since the COVID-19 pandemic ended. 

Second, the industry has become highly saturated, with many mainstream and smaller companies seeking market share. Big names like Adobe, Dropbox, Microsoft, Zoho, and Google are offering these solutions. 

DocuSign has sought to differentiate itself by investing in artificial intelligence (AI). It launched the Intelligent Agreement Management (IAM), which empowers companies to connect and optimize all business processes that involve agreements. 

Organizations of all sizes across all industries use IAM to help them improve the sales process, customer experience, and contract lifecycle. IAM starts at $420 a year, with the IAM Core going for $780 annually. While expensive, DocuSign hopes that companies can save up to $2 trillion. 

Read more: Here’s why DocuSign stock could benefit from Smartsheet acquisition

DOCU has a cheap valuation

DocuSign is one of the biggest companies in the SaaS industry with a market cap of over $16 billion. This valuation is much lower than the peak of $64 billion in 2021 as demand for such SaaS companies fell.

Some analysts believe that DocuSign stock price is substantially undervalued. It has a forward P/E ratio of 16, much lower than the sector median of 27. The non-GAAP PE ratio is 22.5, lower than the sector median of 22. 

This cheap valuation is mostly because analysts anticipate that the company’s growth will continue falling.

DocuSign is also cheap based on the Rule of 40 metric, which looks at a company’s growth and net income margin. Its net income margin is 34%, while its revenue growth is 10, meaning that it has a metric of 44. As such, the company is cheap, making it a good acquisition target in the future. 

DocuSign stock price analysis

DOCU stock price chart | Source: TradingView

The weekly chart shows that the DOCU share price peaked at $105 in December last year. This was a notable level since it was along the 23.6% Fibonacci Retracement point.

It has now pulled back, and is nearing the key support level at $69.10, the highest swing in 2023 and 2024. Therefore, the DOCU stock price will likely drop and retest the support at $69.10, and then resume the uptrend. This performance is known as a break-and-retest pattern.

The bullish view is in line with what we wrote in the DocuSign share price forecast in December. At the time, we noted that the stock may surge to $175 this year. 

The post DocuSign stock price forecast: could explode higher after earnings appeared first on Invezz

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Here’s why Li Auto stock price could explode higher after earnings

Li Auto stock price will be in the spotlight this week as the company publishes its financial results. Its American shares were trading at $27.56 on Monday, down by almost 18% from its highest level this year, and by nearly 60% from its lowest level in 2024. Its market cap has risen to almost $30 billion.

Li Auto business has been growing

Li Auto, the giant Chinese EV company, has been growing fast in the past few years, helped by the growing demand for electric vehicles in the country. Its annual revenue has jumped from $40.8 million in 2019 to over $17.4 billion last year, a 43,400% surge. 

This growth happened as the number of vehicles delivered per year jumped. It sold just 1,000 vehicles in 2019, which crossed the 500,000 level in 2024. This growth is strong considering that it sold 376,000.

Most importantly, unlike many EV companies in their growth phase, Li Auto’s business is growing profitably. Its annual profit in 2023 jumped to $1.6 billion. 

Analysts are optimistic that Li Auto’s business continued growing in the fourth quarter as the number of deliveries jumped. Its delivery numbers revealed that it shipped over 158,600 vehicles in Q4, a 20% annualized increase. This jump was lower than its guidance of between 160,000 and 170,000. 

The average estimate is that Li Auto’s revenue will be CNY 44.56 billion or $6.2 billion, a 6.7% annual increase. This figure will bring the annual revenue to 145.6 billion yuan or $20 billion. It will then grow by 31% in 2025 to over 192 billion yuan or $26 billion.

Read more: Li Auto stock price analysis: the bullish case for this Nio rival

Li is beating Tesla

Li Auto, which makes several brands like L9, L8, L7, L6, Li Mega, and Li i8, is doing better than Tesla, a company whose stock has imploded this year. Its delivery and revenue growth is doing much better because of the diverse selection of its brands and its popularity in China. 

Li Auto also has higher gross margins than Tesla, a trend that may continue as it boosts its scale. Tesla has a gross margin of 17.8%, EBITDA margin of 13.3%, and a net income margin of 7.26%. 

Li Auto has a gross margin of 21.4% and EBITDA and net income margins of 5.8% and 7.15%, respectively. These numbers mean that Li will likely pass Tesla in terms of profitability margins in the future as it boosts its scale. 

Tesla’s business is struggling, with the market anticipating a big drop in first-quarter deliveries. Its European sales have dived, and analysts anticipate that the fallout from Musk’s role in DOGE will affect its American business. 

Analysts are upbeat about the Li Auto stock price. The average estimate is that its shares will jump to $32.3, up from the current $27.56.

Read more: Li Auto stock price: here’s why this EV giant is about to surge

Li Auto stock price analysis

Li Auto share price chart by TradingView

The daily chart shows that the LI share price has been in a strong uptrend in the past few months. It has jumped from a low of $17.8 in 2024 to a high of $27.56. 

The stock has made a golden cross pattern as the 50-day and 200-day moving averages have crossed each other. This pattern is one of the most bullish patterns in the market. 

The Li Auto stock price has formed a cup and handle pattern, a popular bullish continuation sign. Therefore, the stock will likely have a bullish breakout, with the next point to watch being $35.60, the 61.8% Fibonacci Retracement point, which is about 30% above the current level. 

The post Here’s why Li Auto stock price could explode higher after earnings appeared first on Invezz

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Top stock price forecast: Adobe, SentinelOne, ZIM Integrated

American stocks have plunged in the past few days. The S&P 500 index has crashed by over 8.6% from its highest level this year, and is at its lowest point since September 16. Similarly, the Nasdaq 100 index has crashed by over 12%, while the Dow Jones has retreated by over 7.7% from their highest levels this year. 

So, here are the top stock forecasts for companies like Adobe (ADBE), SentinelOne (S), and ZIM Integrated (ZIM), which will publish their results this week. 

Adobe stock price analysis

ADBE chart by TradingView

Adobe’s share price has come under pressure in the past few weeks, with the focus being on the upcoming earnings. Analysts anticipate that the company’s revenue will be $5.66 billion, up by 9.26% from a year earlier. This revenue will bring the annual revenue to $23.5 billion, up by 9.3% from a year earlier.

The Adobe stock price has dropped from $636.45 in January 2024. It has dropped to $440, down and is hovering near its lowest level since June 5. The stock has formed a descending channel and is below the 50-week and 200-week moving averages.

Adobe share price has formed a bullish flag pattern and an inverse head and shoulders pattern. Therefore, the stock will likely have a strong bullish breakout in the coming days. The next key resistance level to watch will be at $500, followed by $555, the highest swing in October last year. A drop below the support at $398 will invalidate the bullish view.

SentinelOne stock price forecast

S stock chart by TradingView

SentinelOne share price will be in the spotlight this week as it publishes its financial results. Analysts anticipate that its revenue numbers will come in at $222.3 million, a 27.65% annual increase. This figure will being the annual revenue figure to over $818 million, up by 31% from a year earlier. 

The daily chart shows that the SentinelOne stock price has been in a strong downward trend after peaking at $30.80. It has dropped to a low of $18.17, the lowest swing since June 2024. 

The stock has formed a death cross pattern as the 50-day and 200-day moving averages crossed each other. Also, the MACD and the Relative Strength Index have continued falling. 

Therefore, the stock will likely continue falling as sellers target the next key support at $14.47, its lowest point in May.  A move above the resistance at $18 will invalidate the bearish view.

ZIM Integrated stock price forecast

ZIM Integrated’s share price has bounced back since 2023 as global shipping costs have soared. It has moved from a low of $4.64 in December 2023 to a high of $20.6.

The stock has remained above the 50-week moving average. Also, it has formed an ascending channel and moved to the overbought point of the Murrey Math Lines tool. 

Therefore, the stock will likely remain on edge in the coming days. Analysts expect that the ZIM share price will drop to $15.8, down from the current $20.6.

The post Top stock price forecast: Adobe, SentinelOne, ZIM Integrated appeared first on Invezz

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Top stock price forecast: Adobe, SentinelOne, ZIM Integrated

American stocks have plunged in the past few days. The S&P 500 index has crashed by over 8.6% from its highest level this year, and is at its lowest point since September 16. Similarly, the Nasdaq 100 index has crashed by over 12%, while the Dow Jones has retreated by over 7.7% from their highest levels this year. 

So, here are the top stock forecasts for companies like Adobe (ADBE), SentinelOne (S), and ZIM Integrated (ZIM), which will publish their results this week. 

Adobe stock price analysis

ADBE chart by TradingView

Adobe’s share price has come under pressure in the past few weeks, with the focus being on the upcoming earnings. Analysts anticipate that the company’s revenue will be $5.66 billion, up by 9.26% from a year earlier. This revenue will bring the annual revenue to $23.5 billion, up by 9.3% from a year earlier.

The Adobe stock price has dropped from $636.45 in January 2024. It has dropped to $440, down and is hovering near its lowest level since June 5. The stock has formed a descending channel and is below the 50-week and 200-week moving averages.

Adobe share price has formed a bullish flag pattern and an inverse head and shoulders pattern. Therefore, the stock will likely have a strong bullish breakout in the coming days. The next key resistance level to watch will be at $500, followed by $555, the highest swing in October last year. A drop below the support at $398 will invalidate the bullish view.

SentinelOne stock price forecast

S stock chart by TradingView

SentinelOne share price will be in the spotlight this week as it publishes its financial results. Analysts anticipate that its revenue numbers will come in at $222.3 million, a 27.65% annual increase. This figure will being the annual revenue figure to over $818 million, up by 31% from a year earlier. 

The daily chart shows that the SentinelOne stock price has been in a strong downward trend after peaking at $30.80. It has dropped to a low of $18.17, the lowest swing since June 2024. 

The stock has formed a death cross pattern as the 50-day and 200-day moving averages crossed each other. Also, the MACD and the Relative Strength Index have continued falling. 

Therefore, the stock will likely continue falling as sellers target the next key support at $14.47, its lowest point in May.  A move above the resistance at $18 will invalidate the bearish view.

ZIM Integrated stock price forecast

ZIM Integrated’s share price has bounced back since 2023 as global shipping costs have soared. It has moved from a low of $4.64 in December 2023 to a high of $20.6.

The stock has remained above the 50-week moving average. Also, it has formed an ascending channel and moved to the overbought point of the Murrey Math Lines tool. 

Therefore, the stock will likely remain on edge in the coming days. Analysts expect that the ZIM share price will drop to $15.8, down from the current $20.6.

The post Top stock price forecast: Adobe, SentinelOne, ZIM Integrated appeared first on Invezz

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Solana price drops below realized value first time since 2022

Solana (SOL), once ranked as the third-largest cryptocurrency by market capitalization after Bitcoin and Ethereum, has dipped below its realized price level for the first time in nearly three years.

On March 11, SOL fell to approximately 8% below its realized price of $134, a level last seen on March 9.

This marks a significant shift for the token, which has experienced both sharp rallies and declines in recent years.

Source: CoinMarketCap

The realized price represents the average price at which tokens were last moved or purchased.

When an asset falls below this threshold, it indicates that a substantial portion of holders are now at a loss, having bought their tokens at higher prices.

The last time Solana faced a similar drop below its realized price was in March 2022, when it entered a prolonged downtrend before recovering in November 2023.

While brief dips have occurred in the past, such as the sub-$2 drop in November 2020, the current decline is unfolding amid broader market weakness.

Solana’s decline and market selloff

Solana’s price downturn is not occurring in isolation.

The broader crypto market is experiencing a widespread selloff, contributing to downward pressure on SOL.

Data from blockchain analytics firm Glassnode shows that the price has been moving in tandem with declining sentiment across the industry.

Another major factor behind Solana’s struggles is a sharp decline in network revenue.

According to DefiLlama, daily fee revenue on the Solana blockchain has plunged to approximately $420,000, marking a 90% decline from its January peak, when SOL was trading at $250.

This drop in revenue coincides with a slowdown in memecoin activity, which had driven significant trading volume earlier in the year.

A decline in transaction fees suggests reduced network demand, which could further weigh on the price of SOL.

Historical trends raise uncertainty

Solana’s price history suggests that a dip below the realized price level does not always lead to a prolonged downtrend.

However, past instances of SOL falling below this threshold have been met with multi-week declines before recovery.

The last major drop occurred in early 2022, followed by a prolonged bearish phase before SOL climbed back above the realized price in late 2023.

Market participants remain uncertain about whether this trend will repeat itself.

Unlike previous instances, SOL’s current downturn aligns with broader market weakness and declining fee revenue, creating a more challenging environment for recovery.

Despite this, the crypto market has historically been volatile, with sharp rebounds often following periods of downturns.

Bullish and bearish scenarios

Looking ahead, analysts remain divided on Solana’s long-term trajectory.

In October 2023, asset management firm VanEck released a valuation model predicting that SOL could experience a 10,000% increase in value by 2030, assuming the blockchain reaches 100 million users.

Under this optimistic scenario, Solana’s price could surpass $3,200 by the end of the decade.

However, the same report also outlined a bearish case, in which SOL could trade as low as $9.81 if adoption stagnates and competition intensifies.

The current decline below its realized price may indicate growing bearish sentiment, but the longer-term outlook will depend on factors such as network adoption, technological advancements, and macroeconomic conditions.

Solana’s performance in the coming weeks will be closely watched by traders and investors to determine whether it can reclaim higher levels or if further declines are on the horizon.

As of now, the token faces mounting pressure from both internal and external market forces, making its next move highly uncertain.

The post Solana price drops below realized value first time since 2022 appeared first on Invezz

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