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DKNG

In the past three months, 17 analysts have provided ratings for DraftKings (NASDAQ:DKNG), with a majority being bullish. The average 12-month price target is now $44.76, up from $40.00, with high and low estimates of $50.00 and $28.00 respectively. Analysts have adjusted their ratings and price targets, reflecting their latest views on the company's performance and market conditions. DraftKings has shown significant revenue growth but struggles with profitability, as indicated by a net margin of -35.84% and an ROE of -31.11%. The company is active in online sports betting, iGaming, and operates an NFT marketplace.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 12:00 pm

OLED

Analyst ratings for Universal Display (NASDAQ:OLED) show varied opinions, with recent updates indicating both upgrades and a downgrade. The average 12-month price target is $204.00, up from $174.25. The company faces revenue challenges with a -12.13% decline over 3 months but maintains a high net margin of 36.34%. Its market capitalization is below industry benchmarks, and it has a low debt-to-equity ratio of 0.02. Analysts' actions and price target adjustments reflect their views on the company's performance and market conditions.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 12:00 pm

EE

Analysts have mixed opinions on Excelerate Energy (NYSE:EE), with recent ratings ranging from bullish to bearish. Over the last quarter, 6 analysts provided ratings, with 4 somewhat bullish and 2 indifferent. The average 12-month price target is $23.67, down 7.18% from previous estimates. Key analysts from firms like Raymond James, Wells Fargo, Capital One, and Morgan Stanley have adjusted their ratings and price targets. Excelerate Energy's financial health shows a negative revenue trend with a -65.71% decline over 3 months, a net margin of 5.04%, an ROE of 2.8%, an ROA of 0.48%, and a debt-to-equity ratio of 1.69.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 12:00 pm

JELD

Six analysts have recently updated their ratings on JELD-WEN Holding (NYSE:JELD), with all maintaining a neutral stance. The average 12-month price target for JELD-WEN has been raised to $17.67, a 10.99% increase from the previous target of $15.92. Analysts from firms including Stifel, Goldman Sachs, Barclays, JP Morgan, and Truist Securities have all raised their price targets. JELD-WEN operates in door and window manufacturing and has shown strong profitability with a net margin of 4.07% and an ROE of 5.41%, but faces challenges with a revenue decline of -5.53% and a high debt-to-equity ratio of 1.63.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 12:00 pm

AVGO

Broadcom (NASDAQ:AVGO) received mixed analyst ratings in the latest quarter, with 9 analysts offering opinions. The average 12-month price target for AVGO is $1111.11, a 13.09% increase from the previous target of $982.50. Notable analysts from firms like Goldman Sachs, Citigroup, and Truist Securities have provided ratings ranging from 'Buy' to 'Market Perform' with various price targets. Broadcom is a major semiconductor and software company with over $30 billion in annual revenue. It has shown a revenue growth rate of 4.09% and a high net margin of 37.91%. However, its debt-to-equity ratio of 1.64 indicates a higher financial risk.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 12:00 pm

SLB

Schlumberger's Board of Directors has approved a 10% increase in the quarterly cash dividend, raising it from $0.250 to $0.275 per share. The new dividend will be payable on April 4, 2024, to stockholders of record as of February 7, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 11:56 am

NCTY

The9's Chairman and CEO, Jun Zhu, has announced his intention to purchase up to 10% of the company's American Depositary Shares (ADSs) in the open market. This move indicates a vote of confidence by the company's leadership in its own stock and could potentially signal to investors that the stock is undervalued or that the leadership is optimistic about the company's future prospects.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 11:20 am

ARKK

ARKW

ROKU

Roku, Inc. (NASDAQ:ROKU) shares increased over 2% in premarket trading after Seaport Research analyst David Joyce upgraded the stock from Sell to Neutral, citing potential upside to estimates. Joyce is not fully convinced by the valuation but acknowledges a more reasonable trading range. Roku's Q3 earnings beat and positive guidance have previously driven a 30% surge in shares. Roku is a key holding in Cathie Wood's Ark Innovation ETF (NYSE:ARKK) and Ark Next Generation Internet ETF (NYSE:ARKW), with significant investments as per Ark's latest 13F filing.

Portfolio Pulse from Shanthi Rexaline

January 19, 2024 | 11:07 am

AMZN

ASTS

GOOG

GOOGL

IRBT

T

In Friday's pre-market session, iRobot Corporation (IRBT) shares plummeted after reports that the EU may reject Amazon's (AMZN) acquisition of the company. AST SpaceMobile (ASTS) shares also tumbled following a $100 million common stock offering and strategic investment news involving AT&T (T), Alphabet (GOOG, GOOGL), and Vodafone. Other stocks experiencing pre-market losses include MorphoSys (MOR), Absci Corporation (ABSI), Diversified Energy Company (DEC), XPeng Inc. (XPEV), Chegg (CHGG), and Arcutis Biotherapeutics (ARQT).

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 10:38 am

FITB

Fifth Third Bancorp (NASDAQ:FITB) is set to release Q4 earnings on Jan. 19, 2023, with expected earnings of 85 cents per share, down from $1.00 year-over-year, and projected revenue of $2.16 billion, down from $2.32 billion. The company has seen recent executive appointments and a 1.6% share price drop to $33.24. Analysts have provided mixed ratings and price targets, with the most recent being a downgrade to Market Perform with a $37 target by Keefe, Bruyette & Woods.

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 9:14 am