Post-Market Movers: Tesla, eBay, Affirm, EVgo

Post-Market Stock Movements: Tesla (NASDAQ:TSLA) rose by 1.4%. Mizuho analysts upgraded the company's stock rating from Neutral to Outperform, raising the price target from $230.00 to $515.00. eBay (NASDAQ:EBAY) increased by 2%. The company's Board of Directors authorized an additional $3.0 billion for its stock buyback program, in addition to previously authorized amounts. EVgo (NASDAQ:EVGO) decreased by 15%. The company announced today that EVgo Holdings, LLC, a subsidiary of LS Power Equity Partners IV, L.P. ("LS Power"), plans to sell 23,000,000 shares of its Class A common stock with a nominal value of $0.0001 through a public secondary offering. LS Power expects to grant underwriters a 30-day option to purchase up to an additional 3,450,000 shares of Class A Common Stock, at the offering price, less underwriting discounts and commissions. No shares of Class A Common Stock will be sold by the company. All proceeds from the offering will go to LS Power, and the company will not receive any proceeds from this offering. Affirm Holdings (NASDAQ:AFRM) announced its intention to issue $750 million aggregate principal amount of Convertible Preferred Stock due in 2029 through a private placement, subject to market conditions and other factors. Mitek Systems (NASDAQ:MITK) increased by 18%. The company reported fourth-quarter earnings per share of $0.33, which exceeded analysts' estimates of $0.17 by $0.16. Quarterly revenue was $43.2 million, while the consensus estimate was $41.3 million.