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UBER

Uber Technologies Inc (NYSE:UBER) has seen a 117% increase in stock price over the past year, but technical indicators like a falling on-balance volume (OBV) suggest potential resistance and a possible price drop. Despite strong fundamentals and market dominance, Uber's high forward P/E ratio of 165 raises valuation concerns. Analysts from Needham and Goldman Sachs maintain buy ratings with price targets of $63 and $78, respectively. Lyft Inc (NASDAQ:LYFT) is mentioned as Uber's closest peer, which Uber has outperformed.

Portfolio Pulse from Surbhi Jain

January 16, 2024 | 2:11 pm

CMG

Since Pershing Square Capital, led by Bill Ackman, first invested in Chipotle Mexican Grill Inc (NYSE:CMG) in Q3 2016 at an average price of $435, the stock has seen a significant increase, now trading around $2,272. This represents a 471.5% return on investment, or a 73% CAGR. Chipotle is Pershing Square's top holding, making up 16.65% of its portfolio. Analysts remain bullish on CMG, with Oppenheimer, Stifel, and Barclays setting price targets of $2,525, $2,450, and $2,246 respectively.

Portfolio Pulse from Surbhi Jain

January 16, 2024 | 2:09 pm

GEVO

Gevo Inc has filed with the SEC for a mixed shelf offering, allowing the company to sell various types of securities up to a total of $750 million. This move could potentially dilute current shareholders but also provides the company with a mechanism to raise capital flexibly over time.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:07 pm

GOOGL

Google is using a special stock compensation pool to retain top AI researchers at its DeepMind unit, countering OpenAI's multimillion-dollar offers. Despite company-wide layoffs, select DeepMind researchers have received restricted stock grants worth millions to prevent talent migration to competitors like OpenAI.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:07 pm

TPG

TPG Growth, part of TPG (NASDAQ:TPG), is set to invest up to $228 million in Sayari, a risk intelligence provider. This strategic majority investment will support Sayari's global expansion and the launch of a new AI-powered supply chain platform in 2024. Sayari has experienced rapid growth and is trusted by government agencies and large companies. The deal, which will see Sayari's founders and investors retain significant stakes, is expected to close in Q1 2024, subject to regulatory approvals. TPG's investment reflects its long-standing interest in information services and government technology sectors.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:04 pm

DATS

DatChat (NASDAQ:DATS) plans to spin off its Habytat AI Gaming platform business into a new standalone public company. DatChat, which owns about 75% of SmarterVerse, Inc., will distribute its shares to DatChat shareholders. The spin-off aims to focus on DatChat's core social media ecosystem, My Family Museum, and unlock shareholder value. The distribution is subject to SEC registration and regulatory approvals. DatChat recently launched HabyPets, an AI-powered game, and a developer program on its Habytat metaverse.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:01 pm

GIII

G-III Apparel Group (NASDAQ:GIII) received mixed analyst ratings with 1 somewhat bullish, 5 indifferent, and 1 somewhat bearish over the last quarter. The average 12-month price target is $28.43, up 15.57% from the previous $24.60. Analysts from Wells Fargo, UBS, Barclays, Telsey Advisory Group, and Keybanc have adjusted their price targets, reflecting a positive outlook on the company's performance. G-III Apparel Group, a textile company with brands like DKNY and Calvin Klein, has shown strong profitability with a net margin of 11.96% and ROE of 8.85%, but faced a revenue decline of -1.04% over 3 months.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 2:00 pm

DDOG

Datadog (NASDAQ:DDOG) has received mixed analyst ratings over the past three months, with 12 analysts offering diverse perspectives. The average 12-month price target for DDOG is now $117.5, up from $102.89, with a high estimate of $140 and a low of $84. Recent actions by analysts include both raised and lowered price targets and ratings, reflecting adjustments to market conditions and company performance. Datadog's financials show a revenue growth rate of 25.43% as of September 30, 2023, but it has below-average net margin, ROE, and ROA, indicating potential profitability and efficiency challenges. The company's debt-to-equity ratio is below the industry average, suggesting a healthier balance between debt and equity.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 2:00 pm

LQR

LQR House Inc. (NASDAQ:LQR), a niche ecommerce platform in the spirits and beverage industry, has increased its share buyback program from $2 million to $5 million. The Board of Directors decided against issuing a $1.00 special dividend, despite a cash position of $7.5 million, to focus on strategic fund allocation and shareholder value preservation. CEO Sean Dollinger emphasized the decision to support the current share price and provide immediate value to shareholders, while maintaining transparent communication.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:00 pm

TTD

Trade Desk (NYSE:TTD) has seen a 3.7% increase in short interest since its last report, with 12.18 million shares sold short, representing 3.08% of its float. It would take about 3.34 days to cover these short positions based on average trading volume. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a near-term price drop. Trade Desk has less short interest compared to its peer group average of 4.90%.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 2:00 pm