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Equity Actions

QCOM

Qualcomm (NASDAQ:QCOM) has received diverse analyst ratings in the last three months, with 9 analysts offering perspectives ranging from bullish to bearish. The average 12-month price target is $142.33, up from the previous $134.00. Analysts from firms like Barclays, Keybanc, Citigroup, Morgan Stanley, DZ Bank, JP Morgan, and Susquehanna have adjusted their ratings and price targets, reflecting their current view on the company. Qualcomm's financial health shows a strong market presence but challenges in revenue growth, profitability, asset utilization, and debt management.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 6:00 pm

COTY

Analysts have mixed views on Coty Inc. (NYSE:COTY), with 4 recent ratings ranging from bullish to indifferent. The average 12-month price target is $13.75, up from $13.50, with individual analyst actions including both raises and lowers in ratings and price targets. Coty, a global beauty company, has seen positive revenue growth and strong financial performance indicators, but carries a high debt-to-equity ratio. JAB holds a 53% stake in Coty, which has a diverse portfolio and global sales distribution.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 6:00 pm

AAPL

AMZN

DIS

Walt Disney Co (DIS) is in talks with the NFL to give the league a minority stake in ESPN. Needham analyst Laura Martin believes this could add value to both parties but emphasizes the final deal terms are crucial. Martin maintains a Hold rating on Disney and predicts the deal could help Disney compete with Amazon (AMZN) and Apple (AAPL) for sports rights by offering equity instead of just cash. She maintains her Q1 2024 revenue estimate for Disney at $24.2 billion but lowers adjusted EPS estimates by 16% to $1.02. DIS shares saw a slight increase of 0.64% to $90.94.

Portfolio Pulse from Anusuya Lahiri

January 16, 2024 | 5:54 pm

AULT

Ault Alliance has announced a 1-for-25 reverse stock split of its common stock, leading to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:44 pm

NXT

Goldman Sachs analyst Brian Lee initiated coverage on NEXTracker Inc (NASDAQ:NXT) with a Buy rating and a price target of $62. Lee anticipates that NXT will benefit from the IRA's 45X tax credits and international market penetration. He estimates an annual tax credit benefit of $80 million-$185 million, which could increase EPS by $0.55 to $1.25, representing a 20%-50% upside to FY25 estimates. Lee forecasts EPS growth to $2.15 in FY24, $2.62 in FY25, and $3.11 in FY26, with an expected earnings growth CAGR of ~20% through F2026. NXT's capex-light model is also expected to generate significant free cash flow. NXT shares rose 1.19% to $42.62.

Portfolio Pulse from Lekha Gupta

January 16, 2024 | 5:42 pm

AULT

Ault Alliance, Inc. (NYSE:AULT) announced the approval of a 1-for-25 reverse stock split of its common stock, effective January 16, 2024. The stock will trade on a split-adjusted basis starting January 17, 2024. The reverse stock split was approved by stockholders at the annual meeting, where they also elected seven director nominees and ratified Marcum LLP as the independent accounting firm. The reverse stock split will affect all issued and outstanding shares and the number of shares available under equity incentive plans. No fractional shares will be issued; stockholders will receive cash for fractional shares. Computershare is the exchange and transfer agent for the reverse stock split.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:34 pm

MNTS

Momentus Inc. (NASDAQ:MNTS) shares dropped 7.4% after announcing a securities purchase agreement with a U.S. institutional investor for the sale of 3,687,000 shares at $1.085 each, and warrants. The deal is expected to raise about $4 million in gross proceeds, with additional warrants to purchase 3,687,000 shares at $0.96. The offering is set to close around January 17, with A.G.P./Alliance Global Partners as the placement agent. MNTS has a 52-week range of $0.75 to $66.50.

Portfolio Pulse from Henry Khederian

January 16, 2024 | 5:33 pm

D

Dominion Energy Inc. (NYSE:D) has seen a 0.70% decrease in the current session, trading at $47.00, with a 2.40% drop over the past month and a 24.19% decline over the past year. Investors are examining the company's P/E ratio, which is lower than the Multi-Utilities industry average, suggesting potential undervaluation or weaker growth prospects. The P/E ratio should be considered alongside other financial metrics and industry trends for a comprehensive analysis.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 5:30 pm

DATS

DatChat, Inc. (NASDAQ:DATS) shares surged after announcing plans to separate into two publicly listed companies, distributing shares of SmarterVerse to DatChat shareholders. The move aims to accelerate growth for both entities. DatChat currently owns about 75% of SmarterVerse, which operates the Habytat AI Gaming platform and metaverse. The distribution is pending board approval. High short interest in DATS may be amplifying the stock's rise.

Portfolio Pulse from Erica Kollmann

January 16, 2024 | 5:23 pm

UBS

UBS Group AG (NYSE:UBS) shares fell by 1.12% in the current session to $29.46, marking a 4.05% decrease over the past month, despite a 38.33% increase over the past year. The company's P/E ratio of 3.15 is lower than the Capital Markets industry average of 28.92, which could indicate potential undervaluation or weaker future performance compared to industry peers.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 5:15 pm