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SRPT

Sarepta Therapeutics, Inc. (NASDAQ:SRPT) reported preliminary financial results for Q4 and FY23, with net product revenue expected to reach $1.145 billion for FY23. ELEVIDYS revenue is projected at $131.3 million for Q4 and $200.4 million for FY23, surpassing consensus. RNA-based PMO revenue is anticipated to be $234.3 million for Q4 and $945.0 million for FY23, exceeding the full-year guidance of $925 million. The company also reported a preliminary year-end cash balance of approximately $1.7 billion. These results were announced at the 42nd Annual J.P. Morgan Healthcare Conference and are unaudited and subject to adjustment. Final results will be reported in late February 2024.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 5:01 pm

GOSS

HC Wainwright & Co. has reaffirmed its Buy rating on Gossamer Bio (NASDAQ:GOSS) and increased its price target from $5.00 to $10.00. Gossamer Bio's shares have risen 7.06% in the last 24 hours to $0.91. The new price target suggests a potential upside of 998.9%. Gossamer Bio is a clinical-stage biopharmaceutical company with products in development for various diseases, including PAH, inflammatory bowel disease, oncology indications, and eosinophilic asthma.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 5:00 pm

HD

Home Depot Inc (NYSE:HD) announced at CES 2024 the launch of new smart home devices, expanding its technology offerings. The retailer, known for home improvement and appliances, is responding to consumer demand for affordable and easy-to-use smart home products. The Hubspace app, launched in 2021, controls these devices and is compatible with over 150 devices, including Amazon Alexa and Google Home. Home Depot's strategy is to capture market share from the mass market interested in smart home technology but deterred by high costs and complex installation.

Portfolio Pulse from Chris Katje

January 08, 2024 | 4:59 pm

DELL

Dell Technologies Inc (NYSE:DELL) shares rose in premarket trading on Jan. 8 due to a positive outlook from JPMorgan. Analyst Samik Chatterjee upgraded Dell from Neutral to Overweight and increased the price target from $77 to $90, citing the potential benefits from the AI-driven compute investment cycle. Chatterjee expects Dell to benefit from higher-end server sales, leading to increased average selling prices and operating margins. The upgrade reflects higher revenue and earnings forecasts for Dell in FY26, with the potential for double-digit earnings growth as the company moves past current macro pressures.

Portfolio Pulse from Priya Nigam

January 08, 2024 | 4:52 pm

BA

SPY

The Federal Aviation Administration (FAA) has approved the inspection criteria for Boeing's 737 Max 9 aircraft, a significant step for Boeing as it seeks to ensure the safety and reliability of its planes following previous groundings.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:48 pm

AAPL

META

Apple Inc's (AAPL) Apple Vision Pro and Meta Platforms' (META) Meta Quest 3 are competing in the virtual reality space. Apple's device focuses on spatial computing with visionOS, while Meta's headset emphasizes VR experiences with hardware upgrades and mixed reality capabilities. The market anticipates the impact these devices will have, as they represent different approaches to immersive technology.

Portfolio Pulse from Surbhi Jain

January 08, 2024 | 4:40 pm

GETY

Getty Images (NYSE:GETY) has launched Generative AI by iStock at CES, powered by NVIDIA Picasso. This tool allows businesses to create AI-generated marketing visuals with legal protection. It integrates with iStock's library and offers $10K USD legal coverage for licensed visuals. The AI tool is designed to avoid copyrighted elements and is available in over 75 languages.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:33 pm

LI

NVDA

NVIDIA has announced that Li Auto and other EV makers including GWM, ZEEKR, and Xiaomi have chosen NVIDIA's DRIVE platforms for their automated driving systems. Li Auto will use NVIDIA DRIVE Thor for its next-generation fleets, while GWM, ZEEKR, and Xiaomi will use the NVIDIA DRIVE Orin platform. These platforms will enable advanced autonomous driving features such as intelligent parking, automated operation on high-speed and urban roads, and full-scenario smart navigation.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:32 pm

BA

Boeing Commercial Airplanes President announced that the company has issued inspection instructions for the Max 9 to airlines and is providing technical assistance. Additionally, Boeing will conduct a 'short factory stand down' at its Renton plant on Monday morning.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:28 pm

NVDA

NVIDIA announced new GeForce RTX SUPER desktop GPUs, AI laptops, and AI software and tools for RTX PCs and workstations at CES. These offerings aim to enhance PC experiences with generative AI, including text-to-image workflows and large language models (LLMs). The company highlighted the importance of generative AI in transforming industries and gaming. New GeForce RTX 40 SUPER Series graphics cards were introduced, promising significant AI performance improvements. NVIDIA also announced AI Workbench for developers, RTX-accelerated AI models, and new PC developer tools. Upcoming releases include RTX Remix for game remastering, ACE microservices for digital avatars, and Chat with RTX for interacting with LLMs on PCs.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 4:19 pm