The stock entered Wednesday's earnings report near record highs, setting a high bar to clear.
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We're also bumping up our price target on shares.
There are some puts and takes that explain why the stock isn't being punished more for the double miss.
The stock's massive rally in 2026 established a high bar for Tuesday's results.
The shares are down about 7% in premarket trading.
The company's earnings report wasn't perfect, but the long-term story is still intact.
We're peeling off some shares, which were bucking Wednesday's broader market decline.
