8-K filing — IDT CORP (IDT)
Filed: 2026-08-18 AccNo: 0001437749-26-028388 Size: 1 MB Item 1.01: Entry into a Material Definitive Agreement Item 9.01: Financial Statements and Exhibits
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Filed: 2026-08-18 AccNo: 0001437749-26-028388 Size: 1 MB Item 1.01: Entry into a Material Definitive Agreement Item 9.01: Financial Statements and Exhibits
Sirius XM Holdings surged 7.5% after Deutsche Bank upgraded the stock from 'Hold' to 'Buy' with a $45 price target, citing underappreciated digital advertising opportunities. The upgrade highlights the company's upcoming YouTube partnership for audio advertising and accelerating ad revenue growth (5.1% last quarter), which analysts believe consensus estimates are disregarding. Despite declining subscribers post-COVID, Sirius trades at a low 7.3x free cash flow valuation.
Nvidia surges 4.7%, while Credo, MongoDB and Palo Alto all cratered Wednesday despite quarterly beats, as costs surged.
U.S. stocks rose; Sirius XM jumped 5.5% after Deutsche Bank’s upgrade, while GitLab, Dell and other stocks rallied on strong results.
Analysts upgraded Alumis, Sirius XM, OGE Energy, revising their price targets and outlooks.
Take-Two Interactive stock fell 6.6% on August 31, 2026, amid leaks of Grand Theft Auto VI footage and information ahead of its November 19 release. The stock decline was also driven by broader macroeconomic concerns about bond markets, inflation, and interest rates. While the leaks have caused investor caution, analysts believe the game's quality will likely mitigate long-term impact if it meets expectations.