Stock Futures Movement: Stock futures opened modestly lower following record highs for the S&P 500 and Dow Jones. In pre-market trading, S&P 500 futures fell by 0.25%, Nasdaq futures decreased by 0.44%, and Dow futures dropped by 0.23%.
PCE Data Release: The July Personal Consumption Expenditures (PCE) chain price index increased by 0.2%, with the core rate rising by 0.3%. The annual headline rate remained steady at 2.9%, while the core rate was adjusted to 2.9% from 2.8%, marking the highest level since February.
Corporate Earnings and Stock Movements
Celsius Holdings Surge: Celsius Holdings (CELH) saw a 6% increase after PepsiCo (PEP) acquired $585 million in newly issued convertible preferred stock and extended its existing preferred stock. Celsius also acquired the Rockstar Energy brand in the U.S. and Canada from PepsiCo.
Iren Holdings Performance: Iren (IREN) shares rose by 16% following positive Q4 results and the announcement of securing preferred partner status with Nvidia (NVDA).
Earnings Reports:
BRP Inc. (DOOO) increased by 9%.
Alibaba (BABA) rose by 4%.
Ambarella (AMBA) surged by 18%.
Ulta Beauty (ULTA) gained 3%.
Declines After Earnings:
Marvell (MRVL) fell by 14%.
Dell Technologies (DELL) dropped by 7%.
Gap (GAP) decreased by 3%.
Economic Indicators and Future Outlook
Focus on Jobs Report: The market is closely watching the upcoming August jobs report to assess the likelihood of a Federal Reserve rate cut, which currently has an 84% probability priced in for September.
Caterpillar Update: Caterpillar (CAT) shares fell by 2% after providing an update on the estimated impact of tariffs on its financial results.
DOOO
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Analyst Views on DOOO
Wall Street analysts forecast DOOO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for DOOO is 74.32 USD with a low forecast of 70.00 USD and a high forecast of 81.45 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
Wall Street analysts forecast DOOO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for DOOO is 74.32 USD with a low forecast of 70.00 USD and a high forecast of 81.45 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Buy
4 Hold
0 Sell
Moderate Buy
Current: 76.660
Low
70.00
Averages
74.32
High
81.45
Current: 76.660
Low
70.00
Averages
74.32
High
81.45
Desjardins
Buy
maintain
$117 -> $130
2025-12-05
Reason
Desjardins
Price Target
$117 -> $130
2025-12-05
maintain
Buy
Reason
Desjardins raised the firm's price target on BRP Inc. to C$130 from C$117 and keeps a Buy rating on the shares.
Citi
Buy
maintain
$73 -> $87
2025-12-05
Reason
Citi
Price Target
$73 -> $87
2025-12-05
maintain
Buy
Reason
Citi raised the firm's price target on BRP Inc. to $87 from $73 and keeps a Buy rating on the shares. The company reported a Q3 beat with Q4 and fiscal 2027 guidance above consensus, the analyst tells investors in a research note. Citi is more confident in the investment thesis post the earnings print and cites its higher estimates for the target bump.
Stifel
Martin Landry
Buy
maintain
$106 -> $120
2025-12-05
Reason
Stifel
Martin Landry
Price Target
$106 -> $120
2025-12-05
maintain
Buy
Reason
Stifel analyst Martin Landry raised the firm's price target on BRP Inc. to C$120 from C$106 and keeps a Buy rating on the shares.
Canaccord
Luke Hannan
Buy
maintain
$116 -> $118
2025-12-05
Reason
Canaccord
Luke Hannan
Price Target
$116 -> $118
2025-12-05
maintain
Buy
Reason
Canaccord analyst Luke Hannan raised the firm's price target on BRP Inc. to C$118 from C$116 and keeps a Buy rating on the shares.
About DOOO
BRP Inc. is a Canada-based company that specializes in powersports products, propulsion systems and boats. The Company’s segments include Powersports and Marine. The Powersports segment comprises Year-Round Products (all-terrain vehicles, side-by-side vehicles, three-wheeled vehicles, and two-wheeled vehicles), Seasonal Products (snowmobiles, personal watercraft and pontoons) and Powersports PA&A and OEM Engines (parts, accessories and apparel (PA&A), engines for karts, recreational aircraft and jet boats, and other services). The Marine segment includes boats, pontoons, outboard engines and related PA&A, and other services. Its brands include Ski-Doo and Lynx snowmobiles, Sea-Doo watercraft and pontoons, Can-Am on and off-road vehicles, Alumacraft and Quintrex boats, Manitou pontoons and Rotax marine propulsion systems and Rotax engines for karts and recreational aircraft and Pinion gearboxes. It is developing electric models for its existing product lines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
