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PTLE

PTL Shares Halted On Circuit Breaker To The Upside, Stock Now Down -17.2%

WIIM

IONQ

LAES

QBTS

QUBT

RGTI

Shares of quantum companies are trading higher after Microsoft issued a statement to its business customers to get "quantum ready" and Nvidia announced its first ever quantum day event.

OSTX

OS Therapies Shares Resume Trade

Evercore ISI Group analyst James West maintains Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) with a Outperform and raises the price target from $46 to $52.

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Price Target

Analyst Ratings

Evercore ISI Group Maintains Outperform on Baker Hughes, Raises Price Target to $52

RBC Capital analyst Scott Hanold reiterates APA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APA#NASDAQ">APA</a>) with a Sector Perform and maintains $32 price target.

Reiteration

RBC Capital Reiterates Sector Perform on APA, Maintains $32 Price Target

JX Luxventure Shares Halted On Circuit Breaker To The Upside, Stock Now Up 10.5%

JP Morgan analyst Stephen Tusa maintains Trane Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TT#NYSE">TT</a>) with a Neutral and lowers the price target from $390 to $387.

JP Morgan Maintains Neutral on Trane Technologies, Lowers Price Target to $387

SGBX

Safe & Green Holdings Shares Halted On Circuit Breaker To The Downside, Stock Now Up 181.5%

Microsoft&nbsp;Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) could <a target="_blank" href="https://www.benzinga.com/media/25/01/42890164/microsoft-plans-to-slash-jobs-again-when-people-are-not-performing-we-take-the-appropriate-action" rel="noreferrer noopener">pause hiring in</a> part of its consulting business in the US, CNBC <a target="_blank" href="https://www.cnbc.com/2025/01/14/microsoft-pauses-hiring-in-us-consulting-unit-memo-says.html" rel="noreferrer noopener">cites</a> from an internal memo.&nbsp;
The company expects the cuts to affect less than 1% of its workforce.
Rival tech companies — Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) — have slashed workforces, citing cost cuts to tackle the pandemic-induced slowdown, efficiency drive, artificial intelligence expansion drive, and more.
The memo also urged employees to swap travel for internal meetings and remote sessions. Additionally, executives must authorize trips to customers&#8217; sites to justify the spending. The group looks to slash its marketing and nonbillable external resource spending by 35%.
Also Read: <a href="https://www.benzinga.com/government/regulations/25/01/42974632/us-listed-chinese-stocks-rally-on-strong-trade-data-central-bank-support-goldman-forecasts-20-growth" target="_blank" rel="noreferrer noopener">US Listed Chinese Stocks Rally on Strong Trade Data, Central Bank Support, Goldman Forecasts 20% Growth</a>
The consulting division&#8217;s growth lagged behind Microsoft&#8217;s productivity software subscriptions and <a href="https://www.benzinga.com/news/earnings/24/10/41636770/microsoft-q1-earnings-highlights-ai-driven-transformation-is-changing-work-company-beats-revenue-ep" target="_blank" rel="noreferrer noopener">Azure cloud computing businesses</a>.
Reportedly, in fiscal 2025, Microsoft&nbsp;committed <a href="https://www.benzinga.com/25/01/42980720/microsoft-taps-meta-veteran-to-lead-new-coreai-division-plans-shift-from-openai-dependence">$80 billion&nbsp;to</a> its AI ambitions including developing data centers to train&nbsp;AI models. Also, this week, the company launched the CoreAI division to streamline AI tools and build AI apps.
The Redmond, Washington-based company laid off 10,000 employees in early 2023, implying 4%-5% of its workforce. In January 2024, after <a href="https://www.benzinga.com/news/24/01/36783057/microsofts-major-gaming-shake-up-1-900-layoffs-and-leadership-changes-in-post-acquisition-strategy">completing the Activision Blizzard acquisition</a>, Microsoft&#8217;s gaming unit cut 1,900 jobs.
In 2023, Google <a href="https://www.benzinga.com/news/23/11/36020949/big-tech-prioritize-cost-control-and-ai-scaling-back-workforce-despite-business-growth" target="_blank" rel="noreferrer noopener">slashed 12,000 jobs</a>, affecting ~6% of its workforce. Since November 2022, Meta has claimed to have laid off 21,000 employees, implying 25% of its workforce. 
Amazon cut 27,000 roles in 2023. The sector let go of 141,516 employees in the first half of 2023 compared with about 6,000 a year ago, according to Challenger, Gray &amp; Christmas.
Microsoft stock gained close to 7% in the last 12 months. Investors can gain exposure to the stock through Vanguard Information Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VGT#NYSE">VGT</a>) and SPDR Select Sector Fund &#8211; Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>).
Price Action: Microsoft stock is up 0.04% at $415.84 premarket at last check Wednesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/25/01/42970112/nvidia-order-delays-and-ai-sanctions-threaten-global-sales-offer-growth-opportunity-for-us-tech-giants" target="_blank" rel="noreferrer noopener">US Semiconductor Sanctions Spell Trouble for Nvidia, But May Benefit Big Tech</a></li>
</ul>
Image: Shutterstock

Tech

Media

AMZN

GOOG

GOOGL

MSFT

Microsoft To Cut Costs, Pause Hiring In US Consulting, Tighten Spending

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>JP Morgan cut the price target for Carrier Global Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>) from $83 to $77. JP Morgan analyst Stephen Tusa maintained a Neutral rating. Carrier Global shares closed at $68.40 on Tuesday. <a href="https://www.benzinga.com/quote/CARR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>RBC Capital slashed Charter Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) price target from $390 to $380. RBC Capital analyst Jonathan Atkin maintained a Sector Perform rating. Charter Communications shares closed at $346.29 on Tuesday. <a href="https://www.benzinga.com/quote/CHTR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan raised the price target for Deere &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) from $450 to $470. JP Morgan analyst Tami Zakaria maintained a Neutral rating. Deere shares closed at $432.31 on Tuesday. <a href="https://www.benzinga.com/quote/DE/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Wells Fargo increased the price target for Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) from $350 to $375. Wells Fargo analyst Ike Boruchow maintained an Equal-Weight rating. Lululemon shares closed at $388.74 on Tuesday. <a href="https://www.benzinga.com/quote/LULU/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Telsey Advisory Group slashed Signet Jewelers Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) price target from $87 to $65. Telsey Advisory Group analyst Dana Telsey maintained a Sector Perform rating. Signet shares settled at $58.00 on Tuesday. <a href="https://www.benzinga.com/quote/SIG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital raised Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) price target from $825 to $1,000. BMO Capital analyst Brian Pitz maintained an Outperform rating. Netflix shares closed at $828.40 on Tuesday. <a href="https://www.benzinga.com/quote/NFLX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised Westinghouse Air Brake Technologies Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) price target from $225 to $226. B of A Securities analyst Ken Hoexter maintained a Buy rating. Westinghouse Air Brake shares closed at $198.10 on Tuesday.  <a href="https://www.benzinga.com/quote/WAB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group cut the price target for Schlumberger Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) from $62 to $44. Evercore ISI Group analyst James West downgraded the stock from Outperform to In-Line. SLB shares settled at $39.87 on Tuesday. <a href="https://www.benzinga.com/quote/SLB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Cantor Fitzgerald cut Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) price target from $15 to $14. Cantor Fitzgerald analyst Brett Knoblauch maintained an Overweight rating. Applied Digital shares closed at $8.54 on Tuesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how </a><a href="https://www.benzinga.com/quote/APLD/analyst-ratings">other </a><a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">analysts view this stock</a>.</li>
<li>BMO Capital raised The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) price target from $125 to $160. BMO Capital analyst Brian Pitz maintained an Outperform rating. Trade Desk shares closed at $116.76 on Tuesday. <a href="https://www.benzinga.com/quote/TTD/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Read This Next: 
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<li><a href="https://www.benzinga.com/markets/25/01/42992639/how-to-earn-500-a-month-from-state-street-stock-ahead-of-q4-earnings">How To Earn $500 A Month From State Street Stock Ahead Of Q4 Earnings</a></li>
</ul>

Markets

APLD

CARR

CHTR

LULU

NFLX

Netflix To Rally Around 21%? Here Are 10 Top Analyst Forecasts For Wednesday

JP Morgan analyst Stephen Tusa maintains Rockwell Automation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROK#NYSE">ROK</a>) with a Underweight and lowers the price target from $245 to $240.

JP Morgan Maintains Underweight on Rockwell Automation, Lowers Price Target to $240

The Trade Desk shares are trading higher after BMO Capital mainted an Outperform rating on the stock and raised its price target from $125 to $160. Also, the company announced it will acquire Sincera, terms not disclosed.

OS Therapies Shares Halted On Circuit Breaker To The Downside, Stock Now Up 29.8%

BITF

CLSK

COIN

HIVE

MARA

MSTR

RIOT

Shares of crypto stocks and Bitcoin miners are trading higher after Bitcoin rose following softer-than-expected December core CPI.

Block shares are trading higher on possible continued strenght after Citigroup raised its price target on the stock yesterday from $90 to $108.

Rail Vision Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVSN#NASDAQ">RVSN</a>) (the "Company"), a technology company at the forefront of revolutionizing railway safety and the data-related market, today announced that it has received a written notice from Nasdaq Stock Market LLC ("Nasdaq") informing the Company that it has regained compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2). Rail Vision is now in compliance with all applicable listing standards and its ordinary shares will continue to be listed and traded on the Nasdaq Capital Market.
Rail Vision was previously notified by Nasdaq on July 22, 2024, that it was not in compliance with the minimum bid price rule because its shares failed to meet the closing bid price of $1.00 or more for 30 consecutive business days, as required by the Nasdaq Listing Rules

RVSN

Rail Vision Regains Compliance With Nasdaq Minimum Bid Price Rule

JP Morgan analyst Stephen Tusa maintains Otis Worldwide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OTIS#NYSE">OTIS</a>) with a Neutral and lowers the price target from $112 to $108.

OTIS

JP Morgan Maintains Neutral on Otis Worldwide, Lowers Price Target to $108

$BTC

Bitcoin is trading higher after December core CPI rose by less than expected.

TSLA

Tesla shares are trading higher amid recent data from automotive research company Kelley Blue Book stating that the company ranked first in the U.S. as the most-sold EV brand in 2024.

JP Morgan analyst Ken Goldman maintains McCormick &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKC#NYSE">MKC</a>) with a Underweight and lowers the price target from $68 to $66.

JP Morgan Maintains Underweight on McCormick & Co, Lowers Price Target to $66

iShares Russell 1000 Value UCITS ETF USD (Acc)

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