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AVAV

AeroVironment has entered into an exclusive teaming agreement with Parry Labs to develop a modular, next-generation long-range reconnaissance uncrewed aircraft system (UAS). The system, known as the P550 UAS, is designed for long-range missions and incorporates advanced AI and autonomy, maximum payload versatility, and rapid deployment capabilities.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 8:14 pm

AFRM

Affirm Holdings (NASDAQ:AFRM) has seen significant options trading activity, with a mix of bullish and bearish sentiment among investors. Analysis of 25 trades reveals a slight preference for bullish positions, with 56% of trades expecting an uptick. The trading volume and open interest suggest investors are targeting a price range of $20.0 to $75.0 for AFRM. Notably, the stock is currently trading at $32.55, with an upcoming earnings release in 22 days. The company, known for its digital and mobile-first commerce platform, primarily generates revenue in the United States.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 8:01 pm

DIS

The official Star Wars Twitter account announced a crossover event with Fortnite, starting May 3, featuring new content and potential in-game items like lightsabers and a Chewbacca skin. Reliable leaks suggest exciting additions, enhancing the collaboration's anticipation. This event underscores the ongoing partnership between Epic Games and Walt Disney Company's Star Wars franchise.

Portfolio Pulse from Franca Quarneti

April 15, 2024 | 7:52 pm

NVDA

Piper Sandler analyst Harsh V. Kumar reiterated an Overweight rating on Nvidia Corp (NASDAQ:NVDA) with a $1,050 price target, highlighting robust demand for Nvidia's Hopper GPU and the anticipated launch of the Blackwell GPU. Despite supply-demand imbalances, Nvidia's management is optimistic about power efficiency in data centers and revenue opportunities from data center products. Nvidia's shares are trading at a premium due to its leadership in the GPU market, with projected Q1 revenue and EPS of $24.01 billion and $5.41, respectively. Mizuho analyst Vijay Rakesh also noted Nvidia's leadership in AI GPUs but mentioned challenges with new high-power systems.

Portfolio Pulse from Anusuya Lahiri

April 15, 2024 | 7:35 pm

PEP

Benzinga's options scanner detected significant options trading activity for PepsiCo (NASDAQ:PEP), with over 8 trades amounting to $457,544. The trades indicate a bullish sentiment targeting a price range of $155.0 to $185.0. The largest trades include both call and put options, with calls showing a bullish outlook and a notable put trade indicating some bearish sentiment. PepsiCo, a global leader in snacks and beverages, is currently trading at $166.56, down by -0.92%, with an anticipated earnings release in 8 days.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 7:31 pm

KO

Smart money investors have shown a bullish stance on Coca-Cola (NYSE:KO), with a significant amount of money moving into options. Benzinga's options scanner revealed 9 trades, indicating a split sentiment but leaning towards bullish with 66%. The trades suggest a price target range of $50.0 to $60.0 for KO. Notable options activity includes both bullish and bearish sentiments on calls with expiration dates in 2024. Coca-Cola, a global leader in nonalcoholic beverages, is approaching its earnings announcement with its stock price slightly up and an analyst from Barclays maintaining an Overweight rating with a target price of $68.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 7:31 pm

TGT

Investors have shown a predominantly bearish stance on Target (NYSE:TGT), with a significant volume of options trades indicating expectations for the stock's price to range between $150.0 and $185.0 over the next three months. The analysis of options trading activity, which is not typical for Target, reveals a split sentiment with 90% bearish and 9% bullish trades. This unusual trading pattern suggests that major investors might anticipate a specific event or have insights about Target's future performance. Target, being the nation's sixth-largest retailer, has a substantial market presence with over 1,950 stores and over $100 billion in sales. Despite the current neutral RSI indicators and a slight decrease in stock price, professional analysts have set an average price target of $200.0 for Target, with ratings ranging from Buy to In-Line.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 7:15 pm

AMZN

GOOG

RDDT

Needham analyst Laura Martin initiated coverage on Reddit Inc (NYSE:RDDT) with a Buy rating and a price target of $55, highlighting its value for AI training and brand strategy. Alphabet Inc's Google and potential AWS deals underscore Reddit's critical role in AI development. Martin emphasizes Reddit's unique data collection as a significant asset for LLM training and social listening, positioning it for growth in advertising and data licensing. Goldman Sachs analyst Eric Sheridan gave Reddit a Neutral rating with a $40 price target, noting its leverage in digital advertising, AI, and the creator economy.

Portfolio Pulse from Anusuya Lahiri

April 15, 2024 | 7:14 pm

AMZN

APPN

Appian has entered into a strategic collaboration with AWS to enhance end-to-end process automation by integrating Appian's AI and Data Fabric with Amazon Bedrock's large language models and Amazon Sagemaker's machine learning capabilities. This partnership aims to leverage generative AI for Appian's Data Fabric.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 7:02 pm

BLK

IBIT

BlackRock (NYSE:BLK), the world's largest asset manager, is expanding its crypto strategy, focusing on Bitcoin, stablecoins like USDC, and tokenized assets. It owns stakes in the iShares Bitcoin Trust (NASDAQ:IBIT), Circle (issuer of USDC), and Securitize (transfer agent for BUIDL). BlackRock is leveraging Bitcoin for its global accessibility, utility in transactions, and as an inflation hedge, with plans to include Ethereum and Solana in its offerings. The firm views blockchain as transformative for capital markets, potentially developing its own blockchain for recordkeeping.

Portfolio Pulse from Murtuza Merchant

April 15, 2024 | 6:53 pm