Streetbeat News

Earnings

MGNI

Magnite (NASDAQ:MGNI) was analyzed by 11 financial analysts, showing a range of opinions from bullish to bearish. Recent ratings indicate a shift towards a more positive outlook, with an average 12-month price target of $15.5, up 16.28% from the previous $13.33. Analyst actions include maintaining and raising ratings and price targets, reflecting optimism about Magnite's market performance and financial health. The company, a leading SSP in online advertising, has shown solid revenue growth and strong profitability metrics.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 6:01 pm

INST

In the last three months, Instructure Holdings (NYSE:INST) received mixed analyst ratings, with a shift towards a more cautious outlook in the last 30 days. The average 12-month price target for INST is now $30.0, down from $32.00, indicating a 6.25% decrease. Analysts from Morgan Stanley, Needham, Keybanc, and Citigroup have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Instructure Holdings, an ed-tech company, shows a positive revenue trend but struggles with profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 6:00 pm

REAX

The Real Brokerage, Inc. (NASDAQ:REAX) shares are up after announcing Qamar Group's joining, adding to its growth with the earlier addition of Venture Properties. Qamar Group, with a strong sales record, expands Real's reach into Chicago, Michigan, and Wisconsin. The company is set to release Q1 financial results on May 7, 2024, with expected revenues of $165.26 million. REAX stock has seen a significant increase of over 184% in the past year.

Portfolio Pulse from Nabaparna Bhattacharya

April 19, 2024 | 5:53 pm

LEVI

NKE

SKX

Wedbush analyst Tom Nikic maintained an Outperform rating on Skechers USA Inc (SKX) with a $68 price target, citing Eurozone challenges that may prevent an outlook raise. Nike Inc (NKE) and Levi Strauss & Co (LEVI) reported worsening EMEA trends, impacting SKX due to its significant sales in Europe. Despite strong demand and innovation, the analyst expects normalization in growth and a net EPS headwind from a stronger U.S. dollar. However, positives include product innovation, momentum in Asia, U.S. wholesale channel recovery, and a strong balance sheet.

Portfolio Pulse from Shivani Kumaresan

April 19, 2024 | 5:44 pm

NFLX

Analysts from Bank of America, Wedbush, Macquarie, Oppenheimer, Needham, Goldman Sachs, and JPMorgan provided their insights on Netflix Inc (NASDAQ:NFLX) following its Q1 financial results. The consensus views Netflix's transition from a high-growth, low-profit to a slow-growth, high-profit business positively, with several analysts upgrading their price targets. Key growth drivers include the ad-tier ramp, crackdown on password sharing, strong content slate, and potential for price increases. Concerns were raised about Netflix's decision to stop sharing subscriber and revenue per member metrics in 2024.

Portfolio Pulse from Chris Katje

April 19, 2024 | 5:36 pm

EGOX

ISPC

RWOD

SBFM

SMCI

Super Micro Computer, Inc. (SMCI) shares fell by 13.2% after the company announced its third-quarter earnings date without providing preliminary estimates, unlike the previous quarter. Other stocks showed significant movement, with notable gainers including Next.e.GO N.V. (EGOX) and Redwoods Acquisition Corp. (RWOD), and losers like Sunshine Biopharma, Inc. (SBFM) and iSpecimen Inc. (ISPC).

Portfolio Pulse from Avi Kapoor

April 19, 2024 | 5:25 pm

F

GM

TSLA

General Motors (GM) and Ford Motor (F) are facing challenges in the EV market, similar to Tesla (TSLA), which has seen a significant share price drop. Both companies are focusing on gas-powered trucks and SUVs amid the EV sales slump. GM needs to address its strategy in China and the performance of its Cruise Robotaxi division, while Ford is slowing down its EV programs due to profitability concerns, delaying the launch of new EV trucks and focusing on hybrids.

Portfolio Pulse from Upwallstreet

April 19, 2024 | 5:17 pm

BANF

BancFirst shares are trading higher following the announcement of better-than-expected financial results for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 5:13 pm

UNH

UnitedHealth (UNH) shares are trading higher following a price target increase from $545 to $562 by Deutsche Bank. The stock's upward movement is also supported by a positive Q1 earnings report released on Tuesday.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 5:08 pm

NOC

Unusual options activity was detected in Northrop Grumman (NYSE:NOC) with a bearish stance by significant investors, as reported by Benzinga. The activity included 10 trades, with a sentiment split of 40% bullish and 60% bearish. Significant investors are targeting a price range of $430.0 to $505.0 for NOC over the next three months. The current market status of NOC shows a 1.5% increase in stock price to $459.28, with the next earnings report due in 6 days.

Portfolio Pulse from Benzinga Insights

April 19, 2024 | 5:02 pm