Streetbeat News

Earnings

EW

Edwards Lifesciences (NYSE:EW) received mixed analyst ratings over the past three months, with a recent shift towards more bullish perspectives. The average 12-month price target for EW has increased to $91.56, up from $83.12, indicating a positive outlook from analysts. Key financial indicators such as revenue growth, net margin, ROE, ROA, and debt management reflect the company's strong market position and financial health. Edwards Lifesciences, a leader in medical devices for structural heart disease, shows solid performance and potential for future growth.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 4:00 pm

AAPL

The article provides a detailed comparison of Apple (AAPL) against its competitors in the Technology Hardware, Storage & Peripherals industry, focusing on financial metrics like P/E, P/B, P/S ratios, ROE, EBITDA, gross profit, and revenue growth. Apple shows potential undervaluation based on its P/E ratio, high asset valuation as per its P/B ratio, strong revenue generation capability indicated by its P/S ratio, and efficient operations reflected in its high ROE, EBITDA, and gross profit. However, its lower revenue growth compared to the industry average suggests a need for strategies to enhance sales.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 4:00 pm

WEX

Analysts have updated their ratings and price targets for WEX Inc (NYSE:WEX), showing a mix of bullish to indifferent sentiments. The average 12-month price target has been raised to $241.5, marking an 11.03% increase from the previous target. Recent actions by analysts from firms like Evercore ISI Group, Mizuho, Barclays, Truist Securities, and JP Morgan have raised their price targets, reflecting positive adjustments based on WEX's performance and market conditions. WEX, a provider of corporate payment solutions, has shown solid revenue growth and exceptional net margin, despite a high debt-to-equity ratio and challenges in asset utilization.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 4:00 pm

PAGS

PagSeguro Digital Ltd (NYSE:PAGS) shares rose after Evercore ISI upgraded the stock from In-Line to Outperform with a price target of $18, citing cyclical and secular tailwinds expected to drive revenue and earnings growth from 2024 to 2026. Analyst Sheriq Sumar highlighted the company's total payment volume (TPV) growth acceleration, effective go-to-market strategy, and the stabilization of net take rates by 2025. Additionally, margin pressure from financial expenses is anticipated to ease due to declining interest rates in Brazil and rising client deposits.

Portfolio Pulse from Priya Nigam

March 26, 2024 | 3:58 pm

GDS

SRVR

VPN

GDS Holdings Ltd (NASDAQ:GDS) reported Q4 fiscal 2023 revenue growth of 6.3% Y/Y to $360.1 million, surpassing consensus estimates. Despite beating revenue and loss per ADS expectations, the stock price fell. The company also announced a $587 million equity raise for DigitalLand Holdings and provided a positive FY24 outlook. GDS shares dropped 23.80% to $6.37. Exposure to GDS can be gained through ETFs like VPN and SRVR.

Portfolio Pulse from Anusuya Lahiri

March 26, 2024 | 3:57 pm

LULU

Lululemon Athletica Inc. (NASDAQ:LULU) shares fell 15.8% despite beating earnings and revenue expectations, due to weaker-than-expected yearly guidance. Analyst Jeff Mackey suggests the market overreacted. Lululemon's financial strength is highlighted by a good overall fundamental rating from Chartmill and a high Piotroski F-Score. The article suggests buying the dip, predicting potential gains.

Portfolio Pulse from David Pinsen

March 26, 2024 | 3:51 pm

NDAQ

Goldman Sachs upgraded Nasdaq Inc (NDAQ) from Neutral to Buy with a price target of $73, citing potential for accelerated earnings growth in 2025 and 2026. The upgrade follows a period of pressure on NDAQ shares due to a secondary offering by Borse Dubai. Key drivers for growth include integration of Adenza, cyclical tailwinds, and faster than expected de-leveraging allowing for share repurchases.

Portfolio Pulse from Priya Nigam

March 26, 2024 | 3:48 pm

AP

Ampco-Pittsburgh's stock trades lower following a report of a year-over-year decline in Q4 adjusted EPS results.

Portfolio Pulse from Benzinga Newsdesk

March 26, 2024 | 3:36 pm

WFC

Wells Fargo (NYSE:WFC) has seen significant options trading activity, with a bearish sentiment prevailing among investors. Analysis of 29 trades reveals a split sentiment: 44% bullish and 55% bearish. The focus is on a price band between $52.5 and $62.5. The largest options trades include both bearish and neutral sentiments, with expiration dates ranging from 2024 to 2025. Wells Fargo, a major US bank with $1.9 trillion in assets, shows a slight stock price increase and an upcoming earnings announcement.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 3:31 pm

COST

Recent options trading activity for Costco Wholesale (NASDAQ:COST) shows a bearish sentiment among investors, with 63% of trades being bearish. The trading volume and open interest suggest a target price range of $685.0 to $800.0. Costco's current trading position is slightly down by -0.13% at $730.0, with a neutral RSI indicator. Analysts have issued a consensus target price of $794.0, with ratings ranging from Buy to Equal-Weight. The company operates a successful membership-based retail model, dominating the U.S. warehouse club industry.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 3:30 pm