Stock Market Update: Dow Jones and Nasdaq Futures Rise Slightly— Spotlight on Applied Digital, Stellantis, and Elastic
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 10 2025
0mins
Source: Benzinga
Market Overview: U.S. stock futures rose on Friday after a decline on Thursday, with notable gains in corporate earnings from Delta Air Lines and PepsiCo, while futures for major indices showed positive changes.
Corporate Highlights: Applied Digital Corp saw a significant premarket jump of 25.74% after reporting strong revenue growth, while USANA Health Sciences experienced a 13% drop due to disappointing preliminary results.
Economic Insights: Analysts suggest that the current S&P 500's high P/E ratios reflect a shift towards high-growth technology companies, advising investors to seek value through alternative metrics rather than traditional P/E comparisons.
Global Market Trends: Asian markets closed lower, with mixed results in European markets, while commodities like crude oil and gold showed slight fluctuations in early trading.
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Analyst Views on STLA
Wall Street analysts forecast STLA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for STLA is 11.81 USD with a low forecast of 9.33 USD and a high forecast of 15.15 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
7 Buy
7 Hold
0 Sell
Moderate Buy
Current: 9.860
Low
9.33
Averages
11.81
High
15.15
Current: 9.860
Low
9.33
Averages
11.81
High
15.15
About STLA
Stellantis N.V., formerly Fiat Chrysler Automobiles N.V., is a holding Company based in the Netherlands and operates as an automaker and a mobility provider. The Company is engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems. The Company has industrial operations in more than 30 countries and sells its vehicles directly or through distributors and dealers in more than 130 countries. The Company designs, manufactures, distributes and sells vehicles for the mass-market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. In addition, the Company designs, manufactures, distributes and sells luxury vehicles under the Maserati brand. The Company's brand portfolio also includes Peugeot, Citroen, DS Automobiles, Opel and Vauxhall. It offers a wide variety of vehicle choices from luxury and mainstream passenger vehicles to pickup trucks, sport utility vehicle (SUVs).
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.
Stellantis Cuts Prices to Boost Sales in France
- Pricing Strategy: Stellantis is significantly reducing prices on Fiat, Peugeot, and Opel models in France, with the Fiat Pandina priced at €9,990 under certain conditions and the Opel Corsa dropping from €20,900 to €15,900, aimed at boosting sales volumes and recapturing market share.
- Market Restructuring Plan: Stellantis France head Xavier Duchemin stated that the company has decided to implement a more aggressive commercial strategy starting at the end of 2025 and amplifying efforts in early 2026, focusing on price cuts and brand repositioning to regain volumes.
- Brand Positioning Challenge: Despite Opel's quality, Duchemin noted that due to the unique characteristics of the French market, the company cannot sell these cars at previously desired prices, indicating a strategic adjustment and risk-taking in a competitive landscape.
- Future Outlook: Stellantis's pricing strategy not only addresses current market challenges but also reflects confidence in future sales growth, which is expected to positively impact the company in the competitive European market.
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Joby Aviation's Risk and Upside Potential Analysis
- Business Model Choice: Joby Aviation aims to establish a vertically integrated transportation services company by manufacturing, owning, and operating its eVTOL aircraft, a strategy that increases FAA certification risks but also lays a strong foundation for future market competitiveness.
- Certification Progress: Currently in the final stage of FAA certification, Joby faces uncertainty; however, its superior performance in technology development positions it ahead of competitors like Archer, who rely on traditional manufacturers, indicating potential market advantages.
- Funding Requirement Risks: To ramp up manufacturing capacity and build an operational fleet, Joby requires substantial investment, which could dilute existing shareholders' interests, especially given the anticipated equity raise in 2026 amidst cash flow pressures.
- Market Competition Threat: Joby's business model faces long-term threats from Boeing's subsidiary Wisk, which plans to launch autonomous eVTOLs that could challenge Joby on pricing; nevertheless, Joby's lead in the certification process and strong partnerships may help maintain its competitive edge.
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