Streetbeat News

Revenues

ALGT

Analyst ratings for Allegiant Travel (NASDAQ:ALGT) show a mix of perspectives, with 9 analysts providing ratings over the past three months. The average 12-month price target is $53.0, down from $64.89, with a high of $87.00 and a low of $33.00. Recent analyst actions include both raises and lowers in price targets, reflecting dynamic market conditions. Allegiant Travel faces financial challenges, including a decline in revenue growth, low net margin, ROE, and ROA compared to industry averages.

Portfolio Pulse from Benzinga Insights

October 03, 2024 | 1:00 pm

UGRO

urban-gro has signed approximately $12 million in contracts within the cannabis sector, indicating a significant business development for the company.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 12:36 pm

BKSY

BlackSky has secured a five-year, $290 million contract with the National Geospatial-Intelligence Agency (NGA) to provide real-time, AI-driven monitoring services. This contract highlights the demand for BlackSky's capabilities in monitoring global economic and military activities.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 12:33 pm

LPTH

LightPath Technologies has received Phase 2 funding from the U.S. Defense Department to further qualify its BlackDiamond material as a substitute for Germanium. This follows a successful Phase 1 qualification and aims to advance strategic defense material solutions.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 12:33 pm

AMZN

COST

MCD

NKE

WMT

Jim Cramer suggests companies should lower prices amid inflation concerns, citing examples like Nike's mixed quarter and McDonald's value meals. He notes stock gains for Amazon, Costco, and Walmart as evidence of consumer preference for lower prices.

Portfolio Pulse from Benzinga Neuro

October 03, 2024 | 12:24 pm

AMZN

DIS

NFLX

Amazon plans to increase ads on Prime Video, aiming to enhance its ad-supported streaming services. Despite initial fears, subscriber numbers remain stable. The move positions Amazon alongside competitors like Netflix and Disney, with plans to introduce interactive ad formats.

Portfolio Pulse from Rounak Jain

October 03, 2024 | 12:14 pm

PLUG

Plug Power's stock is sliding in premarket trading due to a reduced price target from Jefferies. The company has faced declining revenues and wider losses, but reassured investors about its cash position. Recent funding and a DOE grant are notable developments.

Portfolio Pulse from Shanthi Rexaline

October 03, 2024 | 12:12 pm

BTDR

Bitdeer Technologies Group (NASDAQ:BTDR) reported its September 2024 operations update, highlighting the self-mining of 164 Bitcoins and advancements in mining rig manufacturing. The company is on track with its SEALMINER A1 and A2 production, and is expanding its AI cloud services. Key infrastructure projects in Norway, Texas, and Bhutan are progressing as planned.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 12:05 pm

HALO

Halozyme has expanded its global collaboration with Argenx for its ENHANZE drug delivery technology. Halozyme will receive $30 million upfront for exclusive rights and could earn up to $85 million per target in future milestone payments based on development, approvals, and sales.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 12:05 pm

GRFS

GigaGen, a subsidiary of Grifols, has been awarded a BARDA contract worth up to $135.2 million to develop recombinant polyclonal antibody therapies for botulinum neurotoxins and another biothreat. The contract includes an initial $19.6 million commitment and supports drug manufacturing and phase 1 trials.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2024 | 12:04 pm