Track market-moving stories before they get noisy

Europe’s First Bitcoin-Backed Stock Pays 10%: Why Did Nearly Half Go Unsold?

Key Takeaways SEZL grew active subscribers 48.4% to 714,000 as higher-value users became a bigger focus.Sezzle reached record purchase frequency, with repeat usage accounting for 97% of total orders.SEZL is expanding with Pay-in-5, Canada virtual card and new banking products through 2027. Sezzle Inc. (SEZL - Free Report) entered 2026 with stronger customer engagement and a clear shift toward higher-value subscribers. In the first quarter of 2026, active subscribers rose 48.4% year over year to 714,000, while the combined total of monthly on-demand users and subscribers reached 887,000, up 34.8%. Management believes this focus supports better retention and lifetime value.

The subscriber push is also changing how often customers use Sezzle. In the first quarter, average quarterly purchase frequency climbed to a record 7.1 times from 6.1 a year earlier. Active consumers increased 13.6% to 3.1 million, while transactions jumped 35.8% to 9.9 million. Repeat usage reached 97% of total orders.

These gains helped lift Gross Merchandise Volume (GMV) by 37.3% to $1.1 billion, nearly matching the holiday-driven fourth quarter. In the first quarter, revenues rose 29.2% to $135.5 million, representing 12.2% of GMV.

Marketing remains central to the subscriber growth strategy. First-quarter spending rose to $11.2 million from $5.3 million a year earlier, yet Sezzle reported a payback period of less than six months. The Earn tab logged 4.8 million visits since its launch in June 2025, and users showed a 55% higher Buy Now Pay Later (BNPL) conversion rate within 30 days after their first Earn tab activity.

The next test is whether Sezzle can turn stronger engagement into lasting customer value. Pay-in-5 is showing encouraging early demand, while the mobile plan, virtual card in Canada and enhanced long-term lending add more reasons to stay active. Sezzle is also developing deposit accounts and card products, with management expecting much of its current product roadmap to be completed and scaled by the end of 2027.

How Are Affirm & Klarna Growing Their Users?Affirm (AFRM - Free Report) is showing subscriber-style growth similar to Sezzle, helped by a wider merchant reach and frequent use of its payment products. Its expanding consumer base suggests BNPL demand remains healthy across major platforms. In the quarter ended March 2026, AFRM reported 26.8 million active consumers, up 22% year over year.

Klarna Group plc (KLAR - Free Report) is also adding users, as it broadens beyond checkout into banking, cards and longer-term financing. Its scale is much larger than Sezzle’s, but the growth pattern reflects the same push toward deeper consumer relationships. In the first quarter of 2026, KLAR reached 119 million active consumers, rising 21% year over year.

SEZL’s Price Performance, Valuation & EstimatesShares of Sezzle have outperformed in the past three months compared with the broader industry and the S&P 500 Index.

Image Source: Zacks Investment Research

From a valuation standpoint, Sezzle’s shares have a Value Score of D. In terms of forward 12-month P/E, SEZL stock is trading at 30.01X, which is at a premium to the Zacks Financial Transaction Services Market industry’s 17.27X.

Image Source: Zacks Investment Research

Sizzle’s estimate revisions reflect a positive trend. The Zacks Consensus Estimate for full-year 2026 EPS has been revised upward to $5.10 in the past month. The consensus estimate for the metric indicates a year-over-year increase of 42.06%.

Image Source: Zacks Investment Research

Sezzle currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Nebius Group (NBIS +4.24%) is facing pressure after reports that Meta may rent out excess AI compute. But the bullish case centers on a bigger idea: the AI compute shortage may be so large that independent cloud providers can still thrive alongside big tech.

Stock prices used were the market prices of July 10, 2026. The video was published on July 18, 2026.

Rick Orford has positions in Meta Platforms. The Motley Fool has positions in and recommends Meta Platforms. The Motley Fool has a disclosure policy. Rick Orford is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

CleanSpark stock is charging ahead with explosive momentum. Why is CLSK stock up today? Bitcoin Clears a Key Technical Level as ETF Flows Turn PositiveSpot Bitcoin ETFs pulled in $75.7 million in net inflows last week, building on $197.4 million the prior week and marking the first back-to-back positive weeks after eight straight weeks of withdrawals.

A Wave of Data Center Deals is Rewarding the AI Infrastructure TradeHut 8 Expands Long‑Term AI Data Center Commitments In TexasHut 8’s aggregate base-term contract value across its entire portfolio has now reached $26.6 billion, backed by 949 megawatts of contracted AI data center capacity.

CleanSpark’s Sandersville Lease Draws Fresh Investor AttentionCLSK Shares Are Trending HigherCLSK Price Action: CleanSpark shares were up 13.43% at $14.78 at the time of publication on Monday, according to Benzinga Pro.

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This feature brings individualized financial information straight to the wallets that users keep for themselves within the app. This is an artificial intelligence-powered financial information layer that is integrated directly into the self-custodial wallet experience. The further development of finance will not only be determined by the place in which individuals keep their assets, but also by the degree to which they are able to comprehend, administer, and engage with those assets. Today, Trust Wallet, the most popular cryptocurrency wallet with self-custody, made an announcement about Trust Wallet AI. This is an artificial intelligence-powered financial information layer that is integrated directly into the self-custodial wallet experience.

Users are able to ask inquiries about their portfolios, comprehend market movements, investigate digital assets, and initiate transactions without having to leave the wallet thanks to Trust Wallet AI, which is available to all users of Trust Wallet.

Many artificial intelligence systems are capable of providing generic financial information; however, they do not have the context of an individual’s real financial status. Without suggesting, advising, or telling users what to do with any asset, Trust Wallet AI is structured differently. It recognizes a user’s on-chain holdings across supported chains, which enables it to deliver individualized information rather than generic replies. Additionally, it does not tell users what to do with any asset.

Queries such as “How has my portfolio performed this month?” and “What is moving in the market today?” are examples of the kinds of queries that users might ask.on the other hand, “What are the risks associated with this token?” The artificial intelligence of Trust Wallet can also assist in the assembly of transactions that users define, such as swaps, buys, and sends. This makes it easier for users to deal with blockchain ecosystems that are becoming more complicated.

Bringing AI Into the Ownership Layer of Finance  The difficulty that arises when artificial intelligence gets more and more incorporated into financial services is striking a balance between intelligence and control. Self-custody allows people to take direct ownership of their assets, in contrast to traditional financial platforms, which often depend on centralized processes.

These ideas are brought together by Trust Wallet AI, which combines the basis of self-custody with private financial information that is individualized to the user. In addition to assisting users in comprehending their portfolios, doing research on digital assets, and assembling transactions that the user has defined, such as swaps, buys, and sends, it guarantees that users will continue to maintain control. The Trust Wallet AI does not have access to private keys, does not carry out transactions on its own, and does not transfer assets without the user’s permission.

This signifies a change in the manner in which individuals collaborate with digital assets. The wallet is transforming from a location to store and move assets into an intelligent financial interface that assists users in better comprehending and navigating the on-chain market while allowing them to preserve control of their assets.

Within the Trust Wallet app, Trust Wallet AI is now accessible on a worldwide scale. This feature brings individualized financial information straight to the wallets that users keep for themselves within the app.

For your information, the Trust Wallet app includes a feature called Trust Wallet AI, which is an artificial intelligence component. Please note that this is not intended to serve as financial, investment, tax, or legal advice; rather, it is offered only for the purpose of providing information and convenience. The only thing that Trust Wallet AI offers is information. There is no recommendation, endorsement, or advice on the purchase, sale, or holding of any asset; there is no evaluation of whether something is acceptable for you; and there is no instruction regarding what you should do.

Everything is up to you to decide. Your message, the token you are viewing, as well as your wallet address and balance, are all shared with our AI infrastructure provider by Trust Wallet AI in order to create outputs. This information is never used to train AI models. As a result of the possibility that the outputs are incorrect, incomplete, or out of date, we should not rely on them as the entire basis for any choice. The lack of a risk signal does not always indicate that an asset or transaction is secure; risk signals such as look-alike tokens, poor liquidity, or possible honeypots are only informative flags and do not ensure the safety of the asset or transaction. Data pertaining to the market and portfolios may be obtained from other parties, which may result in potential delays or inaccuracies.

Your express review and confirmation is required for each and every transaction, and Trust Wallet AI does not have access to your private keys and is unable to transfer your assets. Available options may differ from one jurisdiction to another and are subject to change. Before you sign or confirm any transaction, it is exclusively your responsibility to independently check any information that has been supplied to you, including the identification of the token, the addresses of the contract agreements, and the specifics of the transaction.

Trust Wallet is a Web3 wallet and gateway that provides users with the ability to completely own, manage, and utilize the power of their digital assets. It is a secure wallet that allows users to do so on their own. In a single location and without any restrictions, Trust Wallet makes it simpler, more secure, and more convenient for millions of people all over the globe to experience Web3, use decentralized applications (dApps) in a secure manner, store and manage their cryptocurrency, purchase, trade, and stake cryptocurrency in order to receive rewards. This is true for both novice and expert users alike.

Iren (IREN) shares surged about 15% on Monday after the AI cloud infrastructure provider signed $2.8 billion in new cloud services contracts and raised its 2026

Injective’s INJ token launched on Robinhood at $4.76–$5.00 on July 16, giving the layer-1 blockchain a roughly $494M market cap, and that listing was only the second headline out of a Washington, D.C. summit, with an Injective SEC filing stealing the headlines.

Alongside a Robinhood listing, Injective also packed an SEC filing, a Linux Foundation membership, an AI development kit, and a MiCA whitepaper into a single press cycle. The SEC item is the one being widely misread, and the misreading matters.

Here are just some of the highlights from the Injective Summit in DC:

✅ @RobinhoodApp listing $INJ
✅ Filed SEC Transfer Agent Registration
✅ MiCA Whitepaper published in the EU
✅ Official address from the White House and Congress
✅ Major upcoming launches

Read more 🧵 pic.twitter.com/snwKokUHw7

— Injective 🥷 (@injective) July 19, 2026

Importantly, Injective did not register INJ as a security. It filed a Form TA-1, which is a transfer agent registration, a fundamentally different instrument that positions the network as regulated infrastructure for tokenized assets, not as an issuer seeking approval for its own token.

Four days later, on July 20, Injective is still feeling the positive benefits from last week’s summit, up another +4.2% today, with the INJ token trading for $5.28 and a daily trading volume of more than $88M.

DISCOVER: Best Meme Coin ICOs to Invest in 2026

What a Transfer Agent Actually Does $INJ

😬 pic.twitter.com/rdiTblxU3H

— krillin ॐ (@LSDinmycoffee) July 13, 2026

A transfer agent is the regulated recordkeeper that maintains official ownership records of securities. Think of it as the official ledger behind every stock certificate: it logs ownership changes, processes transfers, handles corporate actions like dividends and proxy votes, and distributes investor communications.

Under U.S. transfer agent rules, such entities are subject to SEC registration requirements. In the world of tokenized securities, the transfer agent’s register remains the source of legal truth. The token itself is a digital representation that enables on-chain mobility – but if the blockchain record and the official register ever disagree, the register wins.

Transfer agents also run KYC allowlists, screen investor identities, and control which wallets can hold a given tokenized asset, with the smart contract blocking transfers to non-approved addresses. That enforcement layer is exactly how securities-law constraints travel into DeFi without breaking existing regulations.

Form TA-1 is a registration form for transfer agents under Section 17A of the Securities Exchange Act. It says nothing about whether any specific token is a security. Filing it is what a service provider does, not what an issuer does. A securities registration (Form S-1, Form 1-A, or a Section 12 filing) is the issuer’s document. Form TA-1 is the infrastructure layer’s document.

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What the Injective SEC Filing is Actually Positioning For $INJ vs $ONDO

Everyone talks about ONDO when it comes to RWAs

But don't overlook Injective

➢ RWA-focused infrastructure

➢ Supports tokenized U.S. Treasuries

➢ Growing DeFi ecosystem

At Ondo current market cap, $INJ will be at $15.41 (3.25×)

Study Injective pic.twitter.com/36YxuQzFwa

— IKAY (@Great_Ikay) June 26, 2026

By filing Form TA-1, Injective signals its intent to be the on-chain bookkeeper for tokenized stocks, bonds, and real-world assets (RWAs), replacing the traditional back-office database with an on-chain record that meets U.S. regulatory requirements.

According to Crypto Briefing’s reporting on the Summit, if the registration is approved, it would allow the network to facilitate on-chain ownership records within the Exchange Act’s regulated market infrastructure.

That is a materially different value proposition than a standard DeFi protocol. It is a bid to become the compliance layer that tokenized securities actually need to exist at scale.

Ondo Finance, which launched 24/7 tokenized stock minting, operates in the same RWA space; the race to build regulated on-chain infrastructure for traditional securities is already underway, and Injective’s filing is an explicit entry into that competition.

The Summit itself drew attendees from Circle, Galaxy, and Robinhood – firms that move institutional capital at scale. That guest list signals Injective’s regulatory courtship is being taken seriously beyond the retail trading audience that INJ’s Robinhood listing directly targets.

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A year ago, shares of Sandisk (SNDK +3.81%) traded below $50. As of this writing, they sit above $1,400 -- a gain of more than 3,000% in 12 months, and one of the biggest runs anywhere in the market.

That figure actually understates how hot the stock has been. Shares hit a record high of $2,354.39 earlier this summer before pulling back sharply.

A move like that usually means a mania or an earnings explosion. For Sandisk, it has mostly been the second one. But this is still the memory business, and the stock's second year looks much harder to handicap than its first.

Image source: The Motley Fool.

The earnings behind the moonshot Sandisk makes NAND flash memory, the storage chips inside everything from phones to the solid-state drives that data centers run on. For years, that was a brutal boom-and-bust business. Then the artificial intelligence (AI) build-out collided with tight supply, and storage prices took off.

The company's results tell the story in three acts. In the fiscal third quarter of 2025, Sandisk generated $1.7 billion of revenue with a 22.5% gross margin. By the fiscal second quarter of 2026 (the period ended Jan. 2, 2026), revenue had grown to $3.0 billion and gross margin had climbed to 50.9%. Then, in the fiscal third quarter of 2026, revenue nearly doubled sequentially to $5.95 billion (up 251% year over year) while gross margin expanded to 78.4%.

The mix is shifting toward the best customers, too. Sandisk's data center revenue went from $197 million in the year-ago quarter to $1.5 billion in the fiscal third quarter, a more than sevenfold jump powered by demand for enterprise solid-state drives. Its bigger edge business, which supplies chips for devices like smartphones and PCs, nearly quadrupled year over year to $3.7 billion. Consumer revenue, the one soft spot, slipped 10% sequentially to $820 million.

Profits followed. The company posted fiscal third-quarter non-GAAP (adjusted) earnings per share of $23.41, compared to a small loss in the year-ago period. Through nine months of fiscal 2026, revenue has more than doubled year over year to $11.3 billion.

Even more, management guided for fiscal fourth-quarter revenue of $7.75 billion to $8.25 billion with adjusted earnings per share of $30 to $33 -- yet another step up, and a forecast the company's next report will put to the test within weeks.

"This quarter marks a fundamental inflection point for Sandisk," said CEO David Goeckeler in the company's fiscal third-quarter earnings release.

Key to that claim is what the company calls its new business model: multi-year customer agreements backed by firm financial commitments. Sandisk ended the fiscal third quarter with three such agreements signed and has added two more since.

Today's Change

(

3.81

%) $

51.61

Current Price

$

1,406.43

Priced as if the party ends After all that, the growth stock trades at only about 8 times consensus earnings-per-share estimates for the next 12 months.

A multiple that low, on growth that fast, is the market saying it doesn't believe the earnings will stick. After all, memory has always been cyclical. Prices that triple on scarcity can fall just as fast when new supply arrives or demand pauses. And the same operating leverage that turned Sandisk's margin explosion into $23 of quarterly earnings per share would work in reverse.

Investors have already had a preview. Shares are down about 40% from their record high, and memory stocks broadly sold off again last week as investors questioned how long the AI spending boom can run.

With that said, there are real differences between this cycle and past ones. Those multi-year purchase commitments are designed to smooth the boom-and-bust pattern. The company also carries essentially no debt and ended the fiscal third quarter with $3.7 billion in cash.

If the new contracts hold pricing anywhere near current levels through 2027, today's valuation would prove far too low.

So, can the run continue? Not the way it happened. The 3,000% phase came from a once-in-a-cycle collision of scarce supply and desperate demand, and the stock's 40% pullback suggests the market knows it. From here, this is a bet on whether NAND pricing and those new commitments hold up. For investors convinced they will, a small position sized for serious volatility could make sense. Personally, I'd want to see the new business model prove itself (and the market demand hold up) for another quarter or two first -- even if that means paying a higher price later for more certainty.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Astronics Corporation (ATRO - Free Report) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.

Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.

Therefore, the Zacks rating upgrade for Astronics basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

For Astronics, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for AstronicsFor the fiscal year ending December 2026, this company is expected to earn $2.62 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for Astronics. Over the past three months, the Zacks Consensus Estimate for the company has increased 20.2%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Astronics to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

SpaceX (SPCX) is experiencing a decline in stock value, even with the announcement of July 23 as the target date for the second attempt at Starship's thirteent

While the broader space economy experiences unprecedented structural growth and expanding total addressable markets, its largest publicly traded company faces a profound identity crisis following a $1 trillion valuation contraction.

SpaceX NASDAQ: SPCX went public on June 12 at $135 per share. Just over a month later, shares slid below that initial offering price, closing Friday, July 17 at $123.99.

SpaceX (SPCX) Price Chart for Monday, July, 20, 2026

Market participants fundamentally mispriced SpaceX by anchoring institutional valuation models to capital-intensive launch logistics rather than scalable artificial intelligence (AI) cloud infrastructure.

Get SpaceX alerts:

Now, reported talks over a multi-billion-dollar Pentagon AI infrastructure contract could help determine whether the company can validate its premium valuation multiple or whether the reset continues.

Gravity Takes Hold of Launch LogisticsSpaceX Today

$121.90 -2.09 (-1.69%)

As of 02:55 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$120.10▼

$225.64Price Target$234.78

To understand the scale of the recent sell-off, investors can examine the mathematical friction between SpaceX's core business model and its stock price.

At its post-IPO peak, market capitalization metrics implied a valuation of nearly $2.95 trillion under high-end pricing dynamics. Today, that number sits at $1.62 trillion. Evaporating over $1 trillion in market value in a few short weeks forces a recalibration of how Wall Street models aerospace sector growth.

Much of this contraction stems from a fundamental mismatch in valuation multiples. SpaceX currently trades at a price-to-sales ratio of roughly 83x. A price-to-sales ratio indicates how much the market is willing to pay for every dollar of top-line revenue a business generates. Multiples exceeding 80x are traditionally reserved for high-margin software businesses boasting gross margins of 70% to 80%. SpaceX’s launch business is exceptionally capital-intensive. Building, testing, and launching reusable rockets requires substantial upfront capital expenditures, which naturally compress profit margins.

Recent quarterly financial results highlight this friction. SpaceX reported a negative earnings per share of negative $1.27 against $4.69 billion in revenue. When legacy hardware execution stalls, seen recently with the highly publicized delays surrounding the Starship Flight 13 abort, algorithmic and institutional trading models aggressively de-risk. The sell-off suggests that physical rocket launches alone cannot sustain software-level premium multiples in the current macroeconomic environment.

Finding a Defense Cloud LifelineIf launch operations alone cannot support a $1.62 trillion valuation, SpaceX must make a structural pivot to high-margin revenue streams. Reported talks over a multibillion-dollar cloud-computing agreement with the Department of Defense offer a potential catalyst.

This proposed integration of sovereign AI computing capabilities positions SpaceX as a neocloud infrastructure provider. Sovereign AI refers to a nation producing artificial intelligence using its own localized infrastructure, data, and workforce, ensuring absolute national security. By expanding its existing aerospace, connectivity, and AI platform into defense computing, SpaceX could move further toward the high-margin profile Wall Street demands.

Looking at the broader market demonstrates the institutional appetite for this type of digital infrastructure. Nebius Group NASDAQ: NBIS recently secured a substantial compute deal, pushing its contracted backlog to roughly $50 billion. This demonstrates a highly profitable revenue floor available for functional AI data processing.

A formalized Pentagon contract could bridge the gap between hardware and software by providing the high-margin, recurring revenue stream SpaceX requires to justify the current premium valuation multiple. Without this transition, sustaining a price-to-sales multiple of more than 80x becomes very difficult.

Floating in Space: Short Sellers Face a Binary OrbitThis potential shift to a neocloud model creates an incredibly volatile dynamic for short sellers. Institutional funds have capitalized aggressively on post-IPO hardware execution failures, accumulating an estimated $8.7 billion in unrealized gains by betting heavily against SpaceX. Those short positions currently face severe asymmetric risk due to post-IPO float constraints.

Following the initial public offering, standard 180-day lock-up agreements restrict insiders and early investors from selling their shares until December. This creates a temporary limited-float environment, meaning fewer shares are actively available for open-market trading.

When the supply is restricted, borrowing costs can rise, increasing the expense of maintaining bearish positions. If a formal Department of Defense contract triggers a sudden upside re-rating, short sellers could be forced to buy back shares at a premium to cover their positions, potentially igniting a violent price reversal.

However, institutional skepticism remains entirely justified. Executing a highly complex military AI compute contract requires strong software and infrastructure execution, a competency SpaceX has yet to prove fully. The company recently stumbled with its internal AI initiatives, as its Grok platform failed to capture meaningful market share and ceded ground to legacy tech competitors.

Wall Street is currently weighing the mechanical threat of a catalyst-driven short squeeze against legitimate, fundamental concerns regarding internal software capabilities. Options chain data shows elevated implied volatility skew toward August, indicating market makers could be pricing in extreme directional moves as the market digests this binary execution risk.

Orbital Infrastructure Keeps Gaining AltitudeWhile SpaceX attempts to reconcile its valuation crisis, the broader commercial space sector continues to capture significant institutional liquidity. The space economy macro thesis remains heavily bullish, completely independent of single-stock volatility. International state-backed reusable rocket programs in China and Japan are accelerating, rapidly expanding the total addressable market for orbital infrastructure.

While the recent SpaceX drawdown temporarily rattled smaller peers like AST SpaceMobile NASDAQ: ASTS, dragging its shares down 18% in sympathy, this event could actually point toward a healthy sector decoupling.

SpaceX Stock Forecast Today12-Month Stock Price Forecast:
$234.78
88.40% Upside

Moderate Buy
Based on 37 Analyst Ratings

Current Price$124.62High Forecast$800.00Average Forecast$234.78Low Forecast$115.00SpaceX Stock Forecast Details

Capital exiting the crowded IPO trade is systematically rotating into secondary satellite architecture and orbital infrastructure equities, establishing more sustainable valuation floors across the broader commercial space economy.

The long-term demand drivers for sovereign space defense and commercial satellite broadband remain intact, providing a fertile environment for businesses with clear paths to profitability.

Investors evaluating the aerospace sector may want to monitor the progress of these Department of Defense negotiations, which could serve as a primary catalyst for SpaceX stock.

Those with a higher risk tolerance might consider SpaceX if management demonstrates a clear path to AI margin improvement, while cautious investors may prefer to wait for official contract filings before taking a position, given the elevated binary risk tied to share supply constraints and AI execution.

Should You Invest $1,000 in SpaceX Right Now?Before you consider SpaceX, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SpaceX wasn't on the list.

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• How is AAPL stock currently doing?

BofA Securities analyst Wamsi Mohan reiterated a Buy rating on Apple stock with a price target of $380.

The Analyst TakeawaysApple should report a strong June quarter, Mohan writes in a new investor note.

"Overall builds are likely strong, but we are taking a conservative approach; iPhone launch cadence can change some seasonality, which we are reflecting," Mohan said.

The analyst said investor focus for the quarterly results will be on gross margins, cost inflation and the end of Cook’s run as CEO for Apple.

Mohan sees Services strength offsetting App Store weakness for the quarter.

"We model Services gross margins at 76.5% for the June quarter and then holding steady at 76% for the September and December quarters. Over time, we see the potential for Services gross margins to grow to 80% and overall company gross margins to grow to 50%."

For Apple’s iPhone segment, Mohan is conservative on future quarters and could see revenue growth declining "given the cadence of iPhone launches this year."

"Investor questions focus on sustainability on strong iPhone demand and whether the ‘supercycle’ thesis can really play out."

Mohan says AI features and an aging installed base are expected to drive iPhone demand, but investors worry about whether demand has already peaked.

Apple Stock Price ActionApple stock is down 2.5% to $325.54 on Monday versus a 52-week trading range of $201.50 to $334.98. Shares hit all-time highs last week and are up over 50% in the past 52 weeks.

Photo: Tim Cook, Shutterstock; Apple iPhone 16e, courtesy Apple

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As Tesla (TSLA) prepares to report second-quarter earnings on Wednesday, the backdrop for the EV giant looks increasingly challenging.

Despite a seemingly strong macro footprint, a mix of fundamental headwinds, competitive pressure and lofty valuation expectations suggests that risks are skewed to the downside heading into the release. Tesla recently released second-quarter sales and delivery figures that easily beat consensus expectations. Yet, instead of rallying, the stock retreated.

This price action is a classic tell: market expectations are extremely high, and a beat is now viewed merely as the baseline. If exceeding delivery targets fails to spark a rally, meeting or slightly beating bottom-line earnings will likely be greeted glumly by Wall Street.

The broader enthusiasm for pure-play EVs has cooled significantly over the past two years, but competitive pressure in key segments remains fierce. Rivian's rollout of the R2 targets the core mass-market SUV segment ($45,000–$60,000)—the exact price band where Tesla's Model 3 and Model Y have traditionally buttered their bread (>96% of 2025 sales were those two models) As competitors like Rivian with their newly released R2 hone in on this volume sweet spot with improved economics and fresh design appeal, Tesla faces mounting margin pressure in its core automotive business. Admittedly, Rivian does not have the production capacity to supplant Tesla's most popular models, but strong demand will help it raise the capital and capacity needed to do so.

Unsubstantiated valuations and AI distractionsTesla's elevated valuation relies heavily on non-automotive catalysts like robotics and autonomy. Wall Street continues to price in long-term optionality for humanoid robotics (Optimus) and full self-driving.

However, overall market enthusiasm for the AI narrative has shifted. Investors now favor hardware providers with tangible near-term financial returns over downstream software promises. Another possible area of support is speculation about potential corporate actions or synergies with SpaceX, which continues to circulate.

TSLA year to date

Yet, a merger or restructuring makes little strategic sense for the core operations of either firm. Furthermore, with SpaceX shares trading below their initial public valuation, speculative enthusiasm around cross-entity corporate financial engineering has lost momentum.

Technically, TSLA looks vulnerable. Moving envelope indicators and Bollinger Bands show long positions struggling, while the MACD, RSI, and major long-term moving averages display explicitly bearish momentum profiles.

In recent quarters, Tesla's post-earnings stock moves have been more muted than its multi-year historical average. The options market reflects this compression:

Implied volatility: The at-the-money straddle expiring July 24 (e.g., the $380 straddle) is priced at roughly 7% of the underlying stock price.Historical move: This sits visibly below Tesla's long-term average post-earnings swing of ~9% over comparable two-day periods.The strategy: Short-term bear put spreadWhile options premiums are pricing in a lower move than the historical average, implied volatility is slightly higher than last quarter, and put skew remains elevated. Buying options outright can expose traders to an expensive "volatility crush" immediately after the announcement.
For equity holders seeking downside protection or traders looking for a risk-defined alternative to shorting the stock, a short-term Bear Put Spread offers a reasonable risk/reward.

Specifically:

Buy August 21st (regular expiration) $360 for $15Sell August 21st (regular expiration) for $330 Put $6Max Loss: $900Max Gain $2100Skill Level: Intermediate This trade:

It captures the elevated put skew.It defends against "IV" or "vol crush". The short put reduces net Vega and Theta drag following the earnings announcement.Attractive risk reward: At $9.00 this $30 wide put spread pays more than 2:1 if Tesla falls to $330 by August Expiration. While that's a lot lower than the current stock price, the average move over the month following earnings is just over 15% higher or lower.

HomeIndustriesAutomobiles‘What is keeping Tesla back from accomplishing these short-term goals that they’ve set for themselves?’ asks one investorJuly 20, 2026, 1:54 p.m. ET

Tesla’s robotaxi plans have been of major interest to investors, but some are getting fed up with the company’s slower-than-expected rollout.

Retail investors specifically want to know why it’s taking so long for Tesla TSLA to even come close to meeting CEO Elon Musk’s forecasts. The company lets individual investors submit questions and vote on which ones deserve airtime on Tesla’s earnings call, and robotaxi delays are among the top areas of interest.

CNBC's MacKenzie Sigalos reports on Google DeepMind CEO Demis Hassabis' meeting with lawmakers.

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.

In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.

However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.

Alphabet (GOOGL - Free Report) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.

Research shows that stocks carrying the best growth features consistently beat the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.

Here are three of the most important factors that make the stock of this internet search leader a great growth pick right now.

Earnings GrowthArguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.

While the historical EPS growth rate for Alphabet is 21.5%, investors should actually focus on the projected growth. The company's EPS is expected to grow 32.5% this year, crushing the industry average, which calls for EPS growth of 13.5%.

Cash Flow GrowthWhile cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.

Right now, year-over-year cash flow growth for Alphabet is 32.8%, which is higher than many of its peers. In fact, the rate compares to the industry average of -5.5%.

While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 23.2% over the past 3-5 years versus the industry average of 10.7%.

Promising Earnings Estimate RevisionsSuperiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

The current-year earnings estimates for Alphabet have been revising upward. The Zacks Consensus Estimate for the current year has surged 0.2% over the past month.

Bottom LineWhile the overall earnings estimate revisions have made Alphabet a Zacks Rank #1 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above.

You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

This combination indicates that Alphabet is a potential outperformer and a solid choice for growth investors.

Google parent Alphabet is set to report earnings after the closing bell on Wednesday, with traders anticipating a sizable move from the tech giant's stock.

© monsitj / iStock via Getty Images

I keep buying Amazon (NASDAQ:AMZN | AMZN Price Prediction) because the loudest bear case against it, that $200 billion in 2026 capex will torch shareholder returns, was already answered by the company’s own contract book. I have been adding on every wobble because the receipts explain why this spending cycle is closer to a pre-sold order book than a moonshot.

The Backlog Is the Whole Argument AWS has pre-sold much of this capacity before pouring concrete. On the Q1 call, Andy Jassy said the AWS backlog stood at $364 billion, excluding the recently announced $100 billion+ Anthropic deal. Amazon has disclosed $225 billion in revenue commitments for Trainium alone. When I hear “$200 billion of capex,” I read it against a contracted demand pile that dwarfs it. Jassy said it plainly: “We have high confidence this will be monetized well, as we already have customer commitments for a substantial portion of it.”

Revenue Is Already Moving The velocity convinces me this is a near-term story. AWS grew 28% year over year in Q1 2026, its fastest pace in 15 quarters, on a $150 billion annualized run rate. The AI slice inside AWS is already at a $15 billion+ run rate, and Bedrock saw 170% growth in customer spend quarter over quarter. Consolidated operating margin hit 13.1%, the highest ever, and full-year 2025 operating cash flow reached $139.5 billion. That is the cash engine funding the buildout.

The Silicon Moat Nobody Prices In Custom chips crossed a $20 billion annual run rate and grew nearly 40% quarter over quarter. Jassy told analysts Trainium “will save us tens of billions of dollars of CapEx each year and provide several hundred basis points of operating margin advantage” versus buying outside silicon. Trainium2 is largely sold out, Trainium3 is nearly fully subscribed, and Graviton runs inside 98% of the top 1,000 EC2 customers. That is a structural cost advantage over any hyperscaler paying full freight for GPUs.

Why Not Microsoft or Alphabet The obvious alternatives are Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOGL). I own some of both and still keep adding Amazon. Microsoft’s most recent quarterly revenue grew 18.3% year over year, and Alphabet’s grew 21.8%. Amazon’s AWS is growing faster than both at 28%, yet Amazon trades at a trailing P/E of 30, close to Microsoft at 23 and Alphabet at 26, without a proprietary silicon revenue stream on Trainium’s scale. That valuation setup, paired with the fastest cloud growth of the three, keeps my capital flowing to AMZN first.

The Risk I Own With Open Eyes Free cash flow is the visible bruise. TTM free cash flow fell to $1.2 billion, down 95%, because property and equipment purchases jumped $59.3 billion year over year. Long-term debt climbed to $119.1 billion from $65.6 billion. If AI monetization stalls, the payback window stretches. Jassy addressed this directly: capex funds assets with “many-year useful lives, 30-plus years for data centers, five to six years for chips, servers, and networking gear,” and the free cash flow shows up a couple of years after capacity comes online. I have watched Amazon run this playbook before, and the compounding on the other side is why I stay.

Why the Buy Button Stays Warm Polymarket traders assign a 93.5% probability to Amazon beating its next quarter, and analyst consensus sits at 62 buy ratings and zero sells. My conviction is simpler. A $364 billion backlog, a $20 billion chip business, and an AI run rate already north of $15 billion tell me the capex was pre-sold, and I intend to keep buying the receipts.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Amazon didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

© wellesenterprises / iStock Editorial via Getty Images

Microsoft (NASDAQ:MSFT | MSFT Price Prediction) briefly touched the $4 trillion market cap club before losing ground. Shares now trade at $393.82, down 18.21% year to date, even as CEO Satya Nadella told investors “Our AI business surpassed an annual revenue run rate of $37 billion, up 123% year-over-year.”

Azure still grows 40%. Commercial RPO sits at $627 billion. Can Microsoft reclaim $540 per share, the level that puts it back in the $4 trillion club, by the end of 2027?

What’s Holding Microsoft Back Right Now Shares are off 22.42% over the past year and only up 3.93% in the last month after a 2.26% weekly bounce.

Two headwinds loom. First, a securities class action filed on July 19, 2026 alleges Microsoft made misleading statements about Copilot performance and AI capex between May 1, 2025 and January 28, 2026.

Second, investors are choking on capex intensity. Q3 FY26 capital expenditures ballooned to $30.88 billion, up 84.39% YoY. With a beta of 1.13, MSFT was never going to escape a sector derating unscathed. The multiple is compressed while the market waits for AI monetization to catch up to spending.

Wall Street Sees 42% Upside. Our Model Says 28% Analyst consensus target sits at $558.21, with 13 Strong Buy, 41 Buy, 3 Hold, and zero Sell ratings. That is 95% bullish sentiment. My base case is more measured at $503.03, or 27.73% upside, with a bull case of $600.73 and a bear case of $446.41. Confidence sits at 90%.

Analysts are directionally right but too aggressive on near-term multiple recovery. Earnings growth of 23.4% YoY supports rerating, but not in a straight line while capex peaks.

The Path to $540 Per Share Reaching $540 from today’s price of $393.82 requires a 37.1% gain. That level puts Microsoft’s market cap back above $4 trillion given 7.43 billion shares outstanding. With forward EPS of $18.89, a price of $540 implies a forward P/E of 29x. My base case of $503.03 already implies 24x, meaning the $4T target requires 4.3x additional multiple expansion.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Microsoft didn't make the cut. Grab the names FREE today.

Is that reachable? Yes. Microsoft has beaten EPS estimates in 7 of the last 8 quarters, capped by a 31.63% surprise in Q4 FY25. Commercial RPO nearly doubled year over year. Nadella called this the “agentic computing era”.

If capex peaks in FY27 and AI revenue compounds at triple digits, forward EPS estimates rerate higher and 28x on rising earnings becomes math, not hope. Primary risk: Copilot monetization stalls and Azure growth decelerates before capex normalizes.

The Valuation Case for Microsoft Right Now At $393.82, MSFT trades at roughly 21x forward EPS of $18.89. That is cheap for a business compounding earnings above 20% with 45%+ operating margins. Shares sit 1% below the 52-week high of $551.05 only because the market recently tested the $349.20 low.

Over the last decade, MSFT has returned 739.01%. This is the cheapest Microsoft has looked relative to earnings power in years, right as AI revenue scales fastest.

Is $540 Realistic? Reclaiming $540 and the $4 trillion club requires a 37.1% gain. My verdict: realistic by year end 2027, a stretch by mid 2027.

Three things need to break right. Azure has to stay pinned near 40% growth. Copilot needs a monetization inflection that quiets the lawsuit narrative. Capex intensity has to plateau, letting free cash flow reaccelerate. A cloud growth deceleration below 30% would gut the rerating thesis fast. We’ve outlined the blueprint for how Microsoft could reach $540 in 2027.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Microsoft didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

by Lisa Stiffler on Jul 20, 2026 at 10:35 amJuly 20, 2026 at 10:41 am

Melanie Nakagawa, Microsoft chief sustainability officer, left, speaking with GeekWire reporter Lisa Stiffler at a fireside chat at Seattle City Hall on July 17. (PNW Climate Week / Fer Sagastume Photo) Microsoft Chief Sustainability Officer Melanie Nakagawa faced a barrage of pointed questions from the audience Friday during a session at the annual Pacific Northwest Climate Week in Seattle.

Protesters challenged Nakagawa through most of the 30-minute session held in a conference room at Seattle’s City Hall, calling out the company’s use of fossil fuel energy sources to power its AI data centers and challenging Microsoft’s commitment to climate goals set years ago.

As a reporter covering sustainability issues for GeekWire, I moderated the session. Many of the issues raised by the crowd were on my list of questions for Nakagawa. The disruptions also included chants from protesters seated among attendees, at times going beyond climate issues to condemn Microsoft’s technology deals with Israel.

Security guards ultimately ushered some protesters out of the space, while others remained. Interruptions from the audience continued for all but the final 10 minutes of the session.

The event capped off Pacific Northwest Climate Week, which included conversations around the city and region about climate change solutions, policies and innovations.

Microsoft has for many years been viewed as an environmental corporate leader, setting an ambitious goal in 2020 to become carbon negative within a decade. It created an internal carbon tax — one of the corporate world’s largest — that charges individual Microsoft divisions for emissions from sources like air travel to fund climate-friendly initiatives. The company is credited with helping create and sustain the carbon dioxide removal sector, among other roles.

But the rapid expansion of AI data centers and their huge energy demands are undercutting Microsoft’s standing. The company recently released its annual sustainability report, disclosing that its carbon footprint grew 25% last year, moving it further from its 2030 target.

Microsoft CSO Melanie Nakagawa, left, and GeekWire reporter Lisa Stiffler before a fireside chat was derailed by protesters. (PNW Climate Week / Fer Sagastume Photo) One protester’s question was about a deal announced earlier this year in which Microsoft is partnering with Chevron to build a 2.7 gigawatt natural gas facility to power a data center campus in Texas. I asked Nakagawa how the company defends the agreement, and she pointed to the 4.7 gigawatts of renewable energy that Microsoft has supported in the state. I followed up by asking about the Redmond, Wash.-based company’s commitment to carbon dioxide removal (CDR) projects given recent reports about a pause on new deals.

Nakagawa was unable to answer before the crowd drowned her out with a call-and-response chant: “Microsoft, you can’t hide. We can see your dirty side.”

Another protester criticized the escalating pursuit of AI. “You’re selling us a product that we don’t even need, and we never should ask for,” he said. “No one wants AI. You’re destroying the climate with AI.”

I brought up legislation proposed earlier this year in Washington to mandate clean energy use and bring transparency to data center impacts in the state. Microsoft opposed and helped defeat the bill, though the company says it wants to work with lawmakers to pass rules next year. I asked what needed to change in the legislation for Microsoft to support it.

Nakagawa didn’t provide specifics, but noted that this year, for the first time, the company shared facility-level information in its annual report on electricity and water use for data centers worldwide.

“People want to know more about the data, and we believe you can have an honest and candid conversation with transparency and access to that information and data,” she said.

Given the obvious public concerns, I asked Nakagawa, “Do you really honestly believe that by 2030, the company can hit that carbon-negative goal?”

Nakagawa pointed to wide-ranging initiatives that are starting to help curb specific emissions, including investments to make Xbox devices lower carbon and financial support for the recent opening of a production plant in Moses Lake, Wash., for sustainable aviation fuel company Twelve.

“There are a couple areas where we’re seeing a lot of promising progress,” she said. “Look, this is going to be a hard target. We’ve not been at all shying away from the fact that this is a difficult goal.”

MSFT stock is moving. See the chart and price action here.  Valuation CaseThe valuation argument reflects both durability and margin expansion. Microsoft still trades at a premium, with a forward price-to-earnings ratio of 20.284, according to Benzinga Pro.

Morningstar believes the market underestimates long-term cash flow growth, supported by strong free cash flow, consistent double-digit revenue gains and rising operating leverage. A growing mix of subscription and cloud revenue improves earnings quality and reduces volatility.

Cloud and AI LeadershipCloud and AI remain central to the thesis. Microsoft stands among a small group of hyperscale providers offering broad platform and infrastructure services. 

Its investment in OpenAI strengthens its role in enterprise AI adoption. This positioning supports long-term demand across industries adopting automation and data-driven tools.

Azure as the Core EngineAzure drives much of Microsoft’s growth. The platform generates roughly $75 billion in annual revenue and continues expanding at nearly 30%. Its hybrid cloud model allows companies to shift workloads gradually while maintaining existing systems. The flexibility lowers adoption friction and strengthens customer retention over time.

Ecosystem AdvantageMicrosoft’s installed base across Windows, Office and enterprise tools creates a powerful funnel into Azure. Customers can move data and applications seamlessly into the cloud within the same ecosystem. This structure increases switching costs and deepens customer relationships as Azure also serves as a foundation for AI, analytics and Internet of Things workloads.

The company’s transition to cloud-based software is largely complete. Office 365, LinkedIn, Dynamics 365, and the Power Platform now run on subscription models. Office maintains dominance in productivity software, while premium tiers increase revenue per user. Gaming is also shifting toward cloud delivery and recurring revenue streams.

Key RisksThe Bottom LineMorningstar’s thesis depends on sustained execution. Continued leadership in cloud and AI, combined with expanding margins, supports the view that Microsoft trades more like a value opportunity than a fully priced growth stock.

MSFT Stock Price Activity: Microsoft stock was up 2.08% at $402.00 at the time of publication Monday, according to data from Benzinga Pro.

Over the past month, MSFT has gained about 7.0% versus a 0.5% decline in the S&P 500 and is down roughly 17% year-to-date compared to the index’s 8.5% gain.

Photo: Sudarsan Thobias / Shutterstock

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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A major new customer for Advanced Micro Devices' latest tech has the chipmaker's stock rising to start what could be a pivotal week for the Nvidia rival.

HomeStock IdeasLong IdeasHealthcare 

Summary4D Molecular Therapeutics, Inc. maintains a Buy rating, driven by advancing 4D-150 gene therapy for Wet-AMD and DME into late-stage pivotal trials.FDMT's 4D-150 demonstrated up to 89% reduction in injection burden and maintained visual acuity over two years, with phase 3 topline data expected in 2027.Strong financial position with $458M cash and milestone payments, supporting operations into 2H 2028 and minimizing near-term dilution risk.Upcoming FDMT catalysts include 2-year SPECTRA DME data [2H 2026] and phase 3 4FRONT topline results [1H and 2H 2027], with global regulatory alignment.Looking for a portfolio of ideas like this one? Members of Biotech Analysis Central get exclusive access to our subscriber-only portfolios. Learn More » Thicha Satapitanon/iStock via Getty Images

The last time I spoke about 4D Molecular Therapeutics (FDMT) it was with a Seeking Alpha article entitled "4D Molecular Therapeutics: R100 Vector Pushes Forward To Bring Q4 Of 2024 DME

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.