Investing.com -- Cantor Fitzgerald began coverage of SailPoint with an Overweight rating and a $29 price target, saying that the identity‑security firm’s market lead and expanding product lineup position it for “mid‑20%” annual recurring‑revenue growth over the next several years. The target implies about 27% upside to SailPoint’s current trading price of $23.34. It is trading ...
By Nate Raymond (Reuters) -The U.S. Supreme Court rejected on Monday a request by American Airlines (NASDAQ:AAL) to overturn a judicial decision that found that the company’s now-scrapped U.S. Northeast partnership with JetBlue Airways (NASDAQ:JBLU) violated federal antitrust law. The justices turned away an appeal by American Airlines of a lower court’s decision in a lawsuit brought by the U. ...
Investing.com -- Shares of U.S. renewable energy companies showed mixed results in early Monday trading after the U.S. Senate advanced President Donald Trump’s comprehensive tax-and-spending bill. The legislation preserved tax credits for solar leasing arrangements, where third parties own and install solar panel systems on customers’ properties for a fee. This provision boosted several solar ...
By Foo Yun Chee BRUSSELS (Reuters) -Seventy-six companies have bid to develop Europe’s artificial intelligence gigafactories, the EU’s tech chief said on Monday, hailing a bigger than expected response to the bloc’s push to catch up with the U.S. and China in this key technology. The European Commission made the announcement four months after it allocated 20 billion euros ($23 billion) in EU ...