Streetbeat News

Revenues

TOST

Wedbush analyst Moshe Katri initiated coverage on Toast Inc (NYSE:TOST) with an outperform rating and a price target of $30. Toast reported Q1 revenue of $1.075 billion, beating estimates, and is expected to achieve significant EBITDA growth in FY24 and FY25. The company is well-positioned for expansion in the U.S. and international markets.

Portfolio Pulse from Shivani Kumaresan

May 24, 2024 | 8:26 pm

INCR

InterCure (NASDAQ:INCR) is poised for significant growth due to potential U.S. cannabis rescheduling and expanding demand in Germany. Despite recent disruptions, the company is expected to rebound with double-digit growth in 2024. InterCure's strategic value lies in its expertise in pharmaceutical cannabis and its ability to produce quality products at scale. The company is expanding internationally, with plans to enter the German market by mid-2024 and potential acquisitions in Australia.

Portfolio Pulse from Nicolás Jose Rodriguez

May 24, 2024 | 8:13 pm

GME

GameStop has completed its 'At-The-Market' equity offering program, selling 45 million shares and raising approximately $933.4 million in gross proceeds.

Portfolio Pulse from Benzinga Newsdesk

May 24, 2024 | 8:09 pm

DVN

Deep-pocketed investors are showing significant interest in Devon Energy (NYSE:DVN) through options trading, with a mix of bullish and bearish sentiments. The options activity suggests a targeted price range of $45.0 to $55.0. Analysts maintain a positive outlook with a consensus target price of $60.6.

Portfolio Pulse from Benzinga Insights

May 24, 2024 | 6:54 pm

NVDA

QCOM

Qualcomm shares rose by around 4% following NVIDIA's impressive earnings report, which beat expectations. The semiconductor industry experienced a surge as investors reacted positively to NVIDIA's robust financial performance.

Portfolio Pulse from Vaishali Prayag

May 24, 2024 | 6:36 pm

DIS

MGNI

NFLX

PARA

Magnite, Inc. (MGNI) has been upgraded to Buy by BofA Securities analyst Omar Dessouky, who raised the price target to $15. The upgrade is driven by Magnite's exclusive partnership with Netflix (NFLX), expected to generate $30 million in revenue by 2025, and its strong position in the CTV advertising market. The company is also expected to benefit from the programmatic transition in premium streaming services, as indicated by recent trends from Walt Disney Company (DIS) and Paramount Global (PARA).

Portfolio Pulse from Nabaparna Bhattacharya

May 24, 2024 | 6:15 pm

LLY

Eli Lilly (NYSE: LLY) has announced a significant increase in its investment in its Lebanon, Indiana manufacturing site, raising the total commitment to $9 billion. This expansion aims to boost production capacity for its antidiabetic and weight loss medications, Zepbound and Mounjaro. The company has also invested heavily in other U.S. and European sites, totaling over $18 billion in manufacturing investments. The Lebanon site is expected to create 200 full-time jobs and over 5,000 construction jobs, with operations beginning in late 2026.

Portfolio Pulse from Vandana Singh

May 24, 2024 | 6:04 pm

CSIQ

ENPH

ICLN

QCLN

TAN

TSLA

Texas has surpassed California as the largest solar energy producer in the U.S., marking a significant shift in the green energy landscape. Texas' solar capacity has grown exponentially, and the state has also seen an increase in solar manufacturing. Key companies involved include Enphase Energy Inc (ENPH), Canadian Solar Inc (CSIQ), and Tesla Inc (TSLA). Investors may consider ETFs like Invesco Solar ETF (TAN), iShares Global Clean Energy ETF (ICLN), and First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) for exposure to the solar energy sector.

Portfolio Pulse from Hayden Buckfire

May 24, 2024 | 6:02 pm

PEPEUSD

Renowned crypto trader Altcoin Sherpa shared his experience with Pepe (CRYPTO: PEPE), highlighting the challenges and lessons of crypto trading. Despite selling a portion of his PEPE holdings for a profit in 2023, he reflects on the potential gains he missed by not holding longer. PEPE has seen a recent price increase, trading at $0.00001407 with a weekly gain of 38.8%.

Portfolio Pulse from Khyathi Dalal

May 24, 2024 | 6:02 pm

GDYN

Wedbush analyst Moshe Katri initiated coverage on Grid Dynamics Holdings Inc (NASDAQ: GDYN) with an Outperform rating and a price target of $13, citing strong first quarter and 2024 results, GenAI initiatives, and significant partnership opportunities. Katri expects mid-single-digit and mid-double-digit revenue growth between 2024 and 2025, respectively.

Portfolio Pulse from Anusuya Lahiri

May 24, 2024 | 5:57 pm