Stocks Making the Greatest Movements Premarket 04/12

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Last Updated on April 12, 2023 by Bitfinsider

MongoDB — In premarket trading, the software company’s stock jumped 2.8% after Morgan Stanley upgraded MongoDB to overweight from equal weight, noting the company’s leadership in cloud optimization activities. The brokerage increased its price objective to $270, implying that shares might rise 27.6% from Tuesday’s closing.

Global Payments — Shares rose around 2% before the bell after Goldman upgraded the fintech business to buy and set a price target of $127, representing a 20% gain from Tuesday’s finish. “We believe the merchant business is positioned to continue somewhat better-than-expected trends as currency headwinds dissipate, boosted by a brighter start to the year in 1Q23,” Goldman analysts said in a client note on Tuesday.

Goldman Sachs — The banking behemoth increased marginally after UBS upgraded the stock to buy from neutral, citing the company’s competitive pricing and low risk outlook. Analyst Brennan Hawken raised his price objective to $385 from $350, implying that shares might rise 17.6% from Tuesday’s closing.

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