Benchmark Electronics shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 adjusted EPS guidance above estimates. Also, Needham and Lake Street raised their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Benchmark Electronics shares are trading higher following better-than-expected Q2 financial results and strong Q3 EPS guidance. Additionally, Needham and Lake Street have raised their price targets on the stock.
July 31, 2024 | 6:18 pm
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Benchmark Electronics shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 adjusted EPS guidance above estimates. Needham and Lake Street also raised their price targets on the stock.
The better-than-expected Q2 financial results and strong Q3 EPS guidance are positive indicators for Benchmark Electronics. The raised price targets by Needham and Lake Street further reinforce investor confidence, likely driving the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100