Streetbeat News

Earnings

WBA

Whales have shown a bearish stance on Walgreens Boots Alliance (WBA), with options trading indicating a mix of bullish and bearish expectations. Analysis of options volume and open interest suggests a price range of $15.0 to $50.0 for WBA. Notable options activity includes both calls and puts with varying sentiments. WBA, a major retail pharmacy chain in the U.S., has seen its stock price slightly decrease, with an upcoming earnings report in 14 days. Analysts have recently downgraded WBA, with target prices ranging from $20 to $23.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 6:16 pm

ACB

CGC

TLRY

VFF

Village Farms International, Inc. (NASDAQ:VFF) has secured the #2 spot in Canada's recreational cannabis market, showing significant financial improvement and market share growth. The company's effective cost management and low production costs have contributed to its success, alongside a notable increase in exports. VFF's cannabis division reports an 11% sequential increase in net sales, with a strong emphasis on branded sales. The U.S. CBD business has also seen a significant increase in EBITDA despite a sales dip. Analyst Pablo Zuanic highlights VFF's potential for continued market share gains and improved gross margins.

Portfolio Pulse from Nicolás Jose Rodriguez

March 14, 2024 | 6:12 pm

SLN

Silence Therapeutics Plc (NASDAQ:SLN) reported a narrower loss for 2023 compared to the previous year, with increased collaboration revenues and a significant boost in cash position. Analysts from Chardan Capital and Morgan Stanley raised their price targets on SLN following these results and the announcement of positive data from the ALPACAR-360 phase 2 study.

Portfolio Pulse from Avi Kapoor

March 14, 2024 | 6:01 pm

PWR

7 analysts have recently shared their evaluations of Quanta Services (NYSE:PWR), with opinions ranging from bullish to bearish. The average 12-month price target for PWR has been raised to $249.71, indicating a 13.5% increase from the previous target of $220.00. Analysts from firms including Truist Securities, DA Davidson, Goldman Sachs, Stifel, Evercore ISI Group, and Citigroup have updated their ratings and price targets, reflecting a positive outlook on the company's performance. Quanta Services has shown strong financial indicators such as a 30.96% revenue growth rate, a net margin of 3.65%, and an ROE of 3.44%, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 6:00 pm

MARA

RIOT

Marathon Digital Holdings, Inc. (MARA) and Riot Platforms, Inc. (RIOT) shares are trading lower due to continued downward momentum and a pullback in Bitcoin. Both companies have seen their shares decline over 35% in the last 30 days, attributed to disappointing Bitcoin production numbers, worse-than-expected earnings, and anticipation of the Bitcoin halving event in April. MARA has an average 1-year price target of $29.20, indicating a potential upside of 60.53%, with bullish ratings from analysts.

Portfolio Pulse from Erica Kollmann

March 14, 2024 | 5:47 pm

PATH

UiPath, Inc. (NYSE:PATH) shares fell despite surpassing Q4 earnings and sales expectations and receiving an analyst upgrade from JP Morgan. The company's Q1 revenue guidance was below estimates, but its FY 2025 revenue outlook exceeded expectations. Several analysts adjusted their price targets on PATH, with upgrades reflecting optimism about the company's future performance. However, PATH shares are trading lower, down 6.9% at $22.75.

Portfolio Pulse from Erica Kollmann

March 14, 2024 | 5:42 pm

ADTH

CHR

MOMO

WIMI

In Thursday's intraday session, several Communication Services stocks experienced significant movements. WiMi Hologram Cloud (WIMI) led the gainers with a 28.2% increase, while Hello Gr (MOMO) saw the largest decline among the losers, dropping 24.4%. Notably, Cheer Holding (CHR) and AdTheorent Holding (ADTH) released their financial earnings, influencing their stock movements.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 5:31 pm

BTTX

CLSD

ISPC

PBM

Health care stocks experienced significant movements in Thursday's intraday session, with notable gainers including Psyence Biomedical, Aptorum Gr, and Mira Pharmaceuticals, among others. Losers were led by Better Therapeutics, Spruce Biosciences, and Immuneering. Clearside Biomedical and iSpecimen reported their Q4 earnings, impacting their stock prices.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 5:31 pm

KITT

PIXY

RAYA

RCMT

SPPL

STI

In Thursday's intraday session, several industrials stocks experienced significant movements. Notable gainers include Nauticus Robotics (KITT), Solidion Technology (STI), and ShiftPixy (PIXY), with increases of 25.0%, 16.79%, and 15.02% respectively. On the losing end, RCM Technologies (RCMT), Erayak Power Solution Gr (RAYA), and Simpple (SPPL) saw declines of 25.9%, 23.42%, and 18.6% respectively, with some attributing their losses to recent Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 5:31 pm

HEAR

NTRP

In Thursday's intraday session, 12 Information Technology stocks showed significant movements. Notable gainers included NextTrip, Turtle Beach, Presto Automation, Veritone, Minim, and Bit Origin, with increases ranging from 15.38% to 33.4%. On the losing side, Pagaya Techs, CXApp, XTI Aerospace, NextNav, SentinelOne, and Argo Blockchain saw declines between 14.33% and 21.7%. Earnings reports influenced several of these movements.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 5:31 pm