Streetbeat News

Equity Actions

AAP

In the latest quarter, 4 analysts provided ratings for Advance Auto Parts (NYSE:AAP), all maintaining an indifferent stance. The 12-month price targets show an average of $65.5, marking a 24.17% increase from the previous $52.75. Analysts from RBC Capital, JP Morgan, Barclays, and Truist Securities have raised their price targets, reflecting optimism about AAP's future performance despite current challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 6:01 pm

PAYO

Over the last three months, Payoneer Global (NASDAQ:PAYO) received mixed analyst ratings, with a recent shift towards a somewhat bullish outlook. The average 12-month price target is now $7.00, down from $7.33, indicating a 4.5% decrease. Analysts from firms like Keefe, Bruyette & Woods, Needham, Benchmark, and Goldman Sachs have updated their ratings and price targets, reflecting changes in market conditions and company performance. Payoneer Global's financial performance shows a solid revenue growth rate of 30.91% as of September 30, 2023, but struggles with profitability and efficiency, as indicated by its below-industry-average net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 6:00 pm

INTC

Intel has officially announced the launch of Altera, a new standalone company focused on FPGA (Field-Programmable Gate Array) technology. Altera will operate under its own brand, marking a significant move in Intel's business strategy.

Portfolio Pulse from Benzinga Newsdesk

February 29, 2024 | 5:51 pm

ABNB

AMZN

BABA

CMG

LULU

PDD

RIVN

SBUX

TSLA

XPEV

Today's session highlighted significant whale activity in the options market for 10 consumer discretionary stocks, indicating potential trading opportunities. Notable bullish sentiment was observed in TSLA, AMZN, RIVN, XPEV, LULU, and BABA options, while ABNB and PDD showed bearish sentiment. SBUX and CMG options displayed neutral sentiment. The activity involved both call and put options across various expiration dates and strike prices, suggesting diverse strategies by large investors.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:35 pm

NVDA

QQQ

Wall Street veteran Ed Yardeni expresses concern over the current bull market's unchecked advance, citing excessive optimism and contrarian indicators suggesting an unsustainable peak. The Nasdaq 100 Index, tracked by Invesco QQQ Trust, has seen significant gains, as has Nvidia Corp., with its stock rising over 60% in the first two months of the year. Yardeni warns that the prevailing bullish sentiment and disregard for risk could lead to a market 'meltup', despite the positive economic indicators.

Portfolio Pulse from Piero Cingari

February 29, 2024 | 5:18 pm

PRVA

Privia Health Gr (NASDAQ:PRVA) has been evaluated by 4 analysts over the last three months, showing a mix of bullish to indifferent sentiments. The average 12-month price target is now $25.25, a decrease from the previous $28.33. Analysts have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Privia Health Gr, a technology-driven physician-enablement company, shows strong net margin and ROE but lags in revenue growth and ROA compared to industry peers. Its market capitalization and debt management indicate a smaller scale and conservative financial approach.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:01 pm

GPOR

Gulfport Energy (NYSE:GPOR) has received mixed analyst ratings over the last three months, with a recent shift towards a more bullish outlook. The average 12-month price target for GPOR has been raised to $154.6, indicating a slight increase from the previous target. Financial analysis reveals challenges in revenue growth and market capitalization but highlights strong profitability metrics such as net margin, ROE, and ROA. GPOR's debt management is also noted positively.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:00 pm

RLJ

RLJ Lodging (NYSE:RLJ) has been analyzed by 5 analysts, showing a mix of bullish to indifferent sentiments. Recent ratings reveal an average 12-month price target of $14.1, marking a 10.59% increase from the previous target. Analysts from Oppenheimer, Wolfe Research, Truist Securities, and Wells Fargo have adjusted their ratings and price targets, reflecting optimism. Despite this, RLJ faces revenue challenges, with a -4.4% growth over 3 months, and struggles in profitability and asset utilization, indicated by low net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

February 29, 2024 | 5:00 pm

BKKT

ICE

Bakkt Holdings Inc (NYSE:BKKT) shares fell 34% to $0.67 after announcing two securities purchase agreements. The first involves selling 46,136,102 shares at $0.8670 per share to institutional investors, and the second, a sale of up to 11,534,025 shares at the same price to an affiliate of Intercontinental Exchange, Inc. (ICE). The offerings are expected to generate approximately $42.4 million for working capital and general corporate purposes. Bakkt operates a platform for Bitcoin and other digital assets.

Portfolio Pulse from Henry Khederian

February 29, 2024 | 4:18 pm

PRST

Presto Automation Inc (NASDAQ:PRST) shares dropped 24% to $0.30 after announcing a securities purchase agreement to sell 8,533,000 shares at $0.25 each. The offering, managed by Chardan and Spartan as joint placement agents, aims to raise approximately $2.1 million for working capital and general corporate purposes, with a closing date around March 4.

Portfolio Pulse from Henry Khederian

February 29, 2024 | 4:17 pm