- Markets
Find out what influences market movements by browsing through our tailor made product pages.
- Trading Platforms
Maximise your investment opportunities
Trading Platforms
In order to ensure our customers have the best trading experience. We are proud to introduce our suite of trading platforms.
- Accounts
All accounts can be opened using one application form.
OPEN A LIVE ACCOUNT
The application process is simple and straightforward. You can complete the online application form and be trading in minutes.
- Academy
Here you will find all the details regarding One Financial Markets educational offering
TRADING ACADEMY
Working through each of our six online modules, detailed below, you can develop your trading confidence
- Newsroom
The latest news in the Financial Markets from across the globe.
LATEST NEWS
Make sure you don't miss out on what's going on in the world around you, keep up to date with our market commentary and daily market update videos.
- Contact Us
4 big analyst cuts: Snowflake downgraded twice on guidance miss
By Davit Kirakosyan
Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades for Snowflake, MongoDB , Digital Turbine, and Annexon.
InvestingPro subscribers got these headlines in real time. Start your 7-day free trial.
Snowflake downgraded at two firms after Q1 earnings
Snowflake (NYSE:SNOW) was downgraded at two Wall Street firms after reporting its Q1 earnings, resulting in a share price drop of more than 16% yesterday, as InvestingPro reported in real-time. While Q1 results came in better than expected, the company’s outlook disappointed investors.
Rosenblatt downgraded the company to Neutral from Buy and cut its price target to $170.00 from $188.00, noting that storage headwinds slow the growth outlook.
In addition to the ongoing deal scrutiny and cloud optimization, older clients are re-evaluating data retention policies. As a result, these clients are reducing their storage requirements, which affects Snowflake’s storage revenue and compute activity.
Meanwhile, Wolfe Research downgraded the company to Peerperform from Outperform.
MongoDB downgraded ahead of Q1 earnings
MongoDB (NASDAQ:MDB) shares fell more than 3% pre-market today after Guggenheim downgraded the company to Sell from Neutral while raising its price target to $210.00 from $205.00.
The company is set to report its Q1/24 earnings on June 1. Street estimates stand at $0.18 for EPS and $347.67 million for revenues.
2 more downgrades
Roth/MKM downgraded Digital Turbine (NASDAQ:APPS) to Neutral from Buy and cut its price target to $10.00 from $15.00 on growth concerns and profit erosion.
Shares plummeted more than 42% yesterday after the company reported a Q4 EPS miss and provided its Q1/24 guidance, which came in worse than the Street estimates.
BofA Securities downgraded Annexon (NASDAQ:ANNX) to Neutral from Buy and cut its price target to $3.00 from $8.00.
Shares plunged more than 59% yesterday after the company reported mixed topline results from its ARCHER Phase 2 trial of ANX007 in patients with geographic atrophy (GA).
Get a leg up on the market: Always be the first to know with InvestingPro.
Start your free 7-day trial now.
Begin trading today! Create an account by completing our form
Privacy Notice
At One Financial Markets we are committed to safeguarding your privacy.
Please see our Privacy Policy for details about what information is collected from you and why it is collected. We do not sell your information or use it other than as described in the Policy.
Please note that it is in our legitimate business interest to send you certain marketing emails from time to time. However, if you would prefer not to receive these you can opt-out by ticking the box below.
Alternatively, you can use the unsubscribe link at the bottom of the Demo account confirmation email or any subsequent emails we send.
By completing the form and downloading the platform you agree with the use of your personal information as detailed in the Policy.