Streetbeat News

Earnings

Six analysts have recently rated DoubleVerify Holdings (NYSE:DV), with an average 12-month price target of $41.00, down from $43.33. Ratings range from 'Outperform' to 'Buy', with price targets adjusted by some analysts. DoubleVerify's financials show strong market presence, revenue growth, and efficient cost management. However, its revenue growth rate is lower than the IT sector average.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 1:01 pm

UAL

United Airlines Holdings (NASDAQ:UAL) has been analyzed by 6 analysts, showing a range of opinions. The average 12-month price target is now $66.33, up from $65.17. Analysts have adjusted their ratings and price targets, with some raising and others lowering their expectations. United Airlines has shown strong financial performance with a solid revenue growth rate, high net margin, exceptional ROE, and efficient ROA, while maintaining a lower debt-to-equity ratio than the industry average.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 1:01 pm

ABNB

Airbnb (NASDAQ:ABNB) has been reviewed by 11 analysts in the last three months, with a mix of ratings from bullish to bearish. The average 12-month price target is $130.09, down 9.38% from the previous average. Analysts from firms like BMO Capital, Barclays, and Jefferies have adjusted their price targets and ratings, reflecting a cautious outlook. Airbnb's financial performance shows strong revenue growth, net margin, ROE, and ROA, with a low debt-to-equity ratio. The company is a major player in the online accommodation and travel industry, with over 7 million listings and significant revenue from North America.

Portfolio Pulse from Benzinga Insights

January 09, 2024 | 1:00 pm

VCEL

Vericel Corporation has announced preliminary financial results for FY23, expecting total net revenue of $197.5 million, surpassing the estimate of $195.04 million. For Q4, the company anticipates revenue to be around $65 million, which also exceeds the estimated $62.6 million.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 12:56 pm

COIN

JNPR

Analysts predict Bitcoin ETFs could face premiums up to 8% amid high anticipation and lobbying efforts for approval. Cathie Wood's ARK Invest halts Coinbase selling and invests $8M in a chip giant. Emirates President highlights Boeing's quality control issues after a 737 Max 9 incident. Jim Cramer believes Bitcoin is topping out as ETF approval nears. Solana-based meme coin Bonk surges 30%. Former SEC Chair Jay Clayton sees Bitcoin ETF approval as inevitable. Juniper Networks' stock surges on news of a potential $13B acquisition by Hewlett Packard Enterprise.

Portfolio Pulse from Akanksha Bakshi

January 09, 2024 | 12:47 pm

GSK

LLY

NVO

PFE

Pfizer Inc's CEO Albert Bourla confirmed at the JP Morgan Healthcare Conference the company's commitment to the obesity drug market despite a previous candidate's failure due to side effects. Competitors Eli Lilly and Novo Nordisk are already established in this market with their GLP-1 agonist drugs. The obesity drug sector is projected to reach $100 billion by the end of the decade. Pfizer is looking for licensing deals or early-stage medications rather than acquiring a late-stage treatment. Pfizer's danuglipron showed significant weight loss but had high dropout rates due to side effects. Pfizer also revised its 2024 sales forecast down by up to $5 billion, and its RSV vaccine Abrysvo is underperforming compared to GSK's rival vaccine. Pfizer's stock was up 0.61% in premarket trading.

Portfolio Pulse from Vandana Singh

January 09, 2024 | 12:42 pm

Alcoa Corporation (NYSE:AA) is set to fully curtail production at its Kwinana Alumina Refinery in Western Australia in 2024, starting in Q2 2023. The refinery, operating at 80% capacity since January 2023, will gradually reduce its workforce from 800 to 50 by Q3 2025. The curtailment is due to the refinery's age, costs, and market conditions. Alcoa expects to improve annual earnings by $70 million post-curtailment, despite incurring $40 million in non-cash expenses. Restructuring charges of $180-$200 million will be recorded in Q1 2024, with Alcoa's share at $76-$84 million. Alcoa's stock dropped 1.04% in premarket trading.

Portfolio Pulse from Vandana Singh

January 09, 2024 | 12:37 pm

AAPL

ALK

CRM

HPE

INTC

JNPR

MTCH

NVDA

QQQ

SPY

WBA

U.S. stock futures indicate a potential downtrend on Tuesday after Monday's rally, with traders eyeing the upcoming inflation report and big bank earnings. Despite caution, a tech merger, Bitcoin ETF optimism, and rising oil prices could drive buying. Boeing's issues with the 737 Max 9 affected the Dow, but it recovered thanks to gains in Apple, Intel, Salesforce, and Walgreens. Juniper Networks surged on acquisition news by Hewlett Packard Enterprise, while Match Group rose on Elliott Management's stake. The International CES and JPMorgan Healthcare Conference may impact related stocks. Oil prices and Bitcoin are up, while Asian markets closed mostly higher.

Portfolio Pulse from Shanthi Rexaline

January 09, 2024 | 12:35 pm

OPRX

OptimizeRx Corp. has announced that its preliminary revenue for 2023 is expected to surpass the previously issued guidance range of $68 million to $70 million.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 12:33 pm

GOEV

MBLY

RENT

The article highlights three consumer discretionary stocks considered oversold based on their Relative Strength Index (RSI) values, suggesting a potential buying opportunity. Canoo Inc. (GOEV) recently purchased manufacturing assets and saw a slight stock decline, with an RSI of 29.65. Rent the Runway, Inc. (RENT) reported disappointing revenue results, leading to a 30% stock drop over the past month and an RSI of 26.16. Mobileye Global Inc. (MBLY) announced significant production design wins, yet its stock fell 26% in the past five days, with an RSI of 19.38.

Portfolio Pulse from Avi Kapoor

January 09, 2024 | 12:22 pm