Lennar Forecast Misses, CoreWeave Hits Buy Rating, Intuits Gains
On this episode of Stock Movers:
- Builder Lennar (LEN) forecast for quarterly home orders missed analysts’ estimates as affordability concerns and the wavering job market keep a lid on buyer demand. The company projected 20,000 to 21,000 contracts for its fiscal fourth quarter, according to a statement Thursday. Analysts expected 21,047, the average in a survey compiled by Bloomberg. - CoreWeave (CRWV) shares are up 0.3% in premarket trading, after Loop Capital started coverage on the cloud-computing provider with a buy rating and $165 price target.
- Intuit (INTU) shares are up 3.3% on Friday, with Wall Street firms positive on the tax-preparation software company in the wake of its analyst day event.
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