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Worldline's warning of a macroeconomic deterioration in core geographies like Germany has impacted the FinTech sector, causing key stocks like Affirm Holdings, Block, and PayPal Holdings to trade down. However, Mizuho analyst Dan Dolev views these concerns as overblown, especially for Affirm and Block which have limited exposure to Germany and Europe. Visa did not call out a recession in its initial FY24 guide, and its CEO mentioned resiliency in the EU. Affirm is trading ahead of the peer group due to its market leadership in BNPL and improving profitability prospects. Mastercard trades at a premium to Visa due to less exposure to debit and the U.S. market. PayPal trades at a discount to Visa and Mastercard due to recent challenges.

Portfolio Pulse from Anusuya Lahiri

October 26, 2023 | 7:11 pm

OMF

Piper Sandler analyst Kevin Barker has maintained an Overweight rating on OneMain Holdings (NYSE:OMF) but lowered the price target from $57 to $55.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 7:09 pm

AMZN

Amazon.com, Inc (NASDAQ:AMZN) is set to release its Q3 financial results after the market close on Thursday. Analysts expect Amazon to report EPS of 58 cents on revenues of $141.44 billion. Seaport Global analyst Aaron Kessler has initiated a Buy rating on Amazon with a price target of $145. From a technical analysis standpoint, Amazon's stock looks bearish heading into the event, but is due for a short-term bounce.

Portfolio Pulse from Melanie Schaffer

October 26, 2023 | 7:09 pm

CLBK

Piper Sandler analyst Mark Fitzgibbon has maintained a Neutral rating on Columbia Financial (NASDAQ:CLBK) and lowered the price target from $18 to $17.5.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 7:07 pm

AKAM

Guggenheim analyst Raymond McDonough has upgraded Akamai Technologies Inc (AKAM) to Neutral from Sell. McDonough sees risk to Q3 and Q4 FY23 top-line estimates, with potential downside to the Compute business. However, he also sees a 2%-3% potential upside to FY24 estimates, even if H2 FY23 results come slightly below expectations. The analyst is bullish on expected new business growth in the Security business, the utilization of incremental data center additions to drive Compute results, and the Delivery segment benefiting from H2 FY24 events.

Portfolio Pulse from Lekha Gupta

October 26, 2023 | 7:06 pm

SEIC

Piper Sandler analyst Sumeet Mody maintains a Neutral rating on SEI Inv (NASDAQ:SEIC) and lowers the price target from $64 to $58.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 7:05 pm

SE

A whale investor has taken a bullish stance on Sea (NYSE:SE), with 51% of investors opening trades with bullish expectations and 48% with bearish. The whale has been targeting a price range from $25.0 to $310.0 for Sea over the last 3 months. The price of SE is currently down -5.62% at $41.5. The stock is currently neutral between overbought and oversold according to RSI indicators. Next earnings are expected to be released in 19 days.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 7:04 pm

TEAM

A significant bearish stance has been taken on Atlassian (NASDAQ:TEAM) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 28% bullish and 71% bearish. The price of TEAM is up 0.6% at $179.67. UBS has downgraded its action to Neutral with a price target of $225.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 7:04 pm

NOW

A significant investor has taken a bearish stance on ServiceNow (NYSE:NOW), with 63% of recent trades being bearish. The targeted price range for ServiceNow over the last 3 months is $300.0 to $690.0. The current price of NOW is up 4.39% at $553.45. Citigroup, Piper Sandler, and BMO Capital maintain positive ratings on ServiceNow, while Needham and Stifel have downgraded their actions to Buy.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 7:04 pm

GSHD

Piper Sandler analyst Paul Newsome maintains an Overweight rating on Goosehead Insurance (NASDAQ:GSHD) and raises the price target from $76 to $89.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 7:03 pm