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KB Home (NYSE:KBH) Exceeds Q4 Expectations, Stock Soars
Homebuilder KB Home (NYSE:KBH) beat Wall Street’s revenue expectations in Q4 CY2024, with sales up 19.5% year on year to $2 billion. On the other hand, the company’s full-year revenue guidance of $7.25 billion at the midpoint came in 1.1% below analysts’ estimates. Its GAAP profit of $2.52 per share was 3.2% above analysts’ consensus estimates.
Why Are LegalZoom (LZ) Shares Soaring Today
Shares of online legal service provider LegalZoom (NASDAQ:LZ) jumped 7.2% in the morning session after the stock received a double rating upgrade from JP Morgan. JP Morgan upgraded LZ's stock from Underweight (Sell) to Overweight (Buy), adding that the company is at "an inflection point." The firm added, "Accordingly, we place LegalZoom on Positive Catalyst Watch, expecting management to guide 2025E ahead of the Street for profitability during its 4Q24 earnings release (expected in February)."
e.l.f. Beauty (ELF) Stock Trades Up, Here Is Why
Shares of cosmetics company e.l.f. Beauty (NYSE:ELF) jumped 5.2% in the afternoon session after Morgan Stanley analyst Dara Mohsenian upgraded the stock from Hold to Buy and raised the price target from $139 to $153. The new price target implied a potential 15% upside from where shares traded before the upgrade was announced. The analyst cited several factors for the upgrade, including ELF's "compelling valuation" amid the stock's recent correction and growth in international markets.