Streetbeat News

Revenues

EL

Estee Lauder Cos (NYSE:EL) has received mixed analyst ratings over the past three months, with a recent positive shift in price targets. The average 12-month price target has risen by 9.85% to $168.43, with analysts adjusting their ratings based on company performance and market conditions. Estee Lauder, a leader in the global prestige beauty market, faces revenue challenges with a -7.38% decline over 3 months but maintains strong profitability metrics.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 6:00 pm

CIFR

Cipher Mining (NASDAQ:CIFR) has received mixed reviews from 11 analysts over the past quarter, with a shift towards more bullish ratings. The average 12-month price target has been adjusted to $5.05, down 15.83% from previous estimates. The company has shown significant financial growth, with a revenue increase of 1329.67% as of December 31, 2023, and outperforms in net margin, ROE, and ROA, while maintaining a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 6:00 pm

EDBL

Edible Garden AG Incorporated (NASDAQ:EDBL) shares surged after regaining compliance with Nasdaq's minimum bid price requirement. The company's CEO, Jim Kras, emphasized the importance of the Nasdaq listing for credibility and visibility, essential for enhancing shareholder value. Edible Garden reported significant revenue increases in produce and cut herb sectors, contributing to the stock's growth. Despite a challenging year with a significant overall decline, recent performance shows promise.

Portfolio Pulse from Erica Kollmann

April 22, 2024 | 5:58 pm

SPOT

UMGNF

Taylor Swift's new album 'The Tortured Poets Department' (TTPD) has achieved record-breaking sales and streaming numbers. It sold 1.6 million units in the U.S. on its first day, including 600,000 vinyl copies. On Spotify (SPOT), TTPD garnered over 300 million streams globally on its debut day, marking the platform's biggest debut ever. Despite ongoing tensions over royalty payments, Swift has also partnered with TikTok, leveraging its vast user base to promote TTPD. Industry experts anticipate the album to surpass 2 million units in its first week, a feat only matched by Adele's '25' and NSYNC's 'No Strings Attached' since 1991.

Portfolio Pulse from Franca Quarneti

April 22, 2024 | 5:50 pm

AMN

Four analysts have recently updated their ratings on AMN Healthcare Services (NYSE:AMN), showing a mix of bullish and bearish sentiments. Despite a unanimous lowering of price targets, the ratings remain positive, ranging from 'Buy' to 'Market Outperform'. The average 12-month price target now stands at $78.75, down 10.51% from previous estimates. AMN Healthcare, a leading healthcare staffing company, faces revenue challenges with a -27.3% growth over the last 3 months, yet maintains strong profitability indicators such as a net margin of 1.53% and impressive ROE and ROA figures. However, the company's high debt-to-equity ratio of 1.62 signals potential financial strain.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 5:01 pm

PLD

Analysts have diverse opinions on Prologis (NYSE:PLD), with recent ratings ranging from bullish to bearish. Over the last three months, sentiments have shifted, with the current average 12-month price target for PLD at $133.83, down 4.65% from the previous $140.36. Analyst actions include both downgrades and upgrades, reflecting changing market dynamics and company performance. Prologis, a global leader in logistics real estate, has shown strong financial performance with a revenue growth rate of 7.86%, a net margin of 33.32%, and above-average ROE and ROA.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 5:00 pm

DAVA

11 analysts have recently updated their ratings on Endava (NYSE:DAVA), showing a diverse range of opinions from bullish to bearish. The average 12-month price target for DAVA has been adjusted to $55.27, down 25.31% from the previous $74.00. Analyst actions include both upgrades and downgrades, with price targets ranging from $33.00 to $80.00. Endava's financial performance shows a decline in revenue growth by -10.57% and below-average profitability and efficiency metrics, indicating potential challenges ahead.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 5:00 pm

FITB

Analyst opinions on Fifth Third Bancorp (NASDAQ:FITB) show a diverse range from bullish to bearish, with recent updates indicating a slight positive shift in sentiment. The average 12-month price target has been raised to $38.8, reflecting a 4.16% increase. Despite facing a revenue decline of -7.97% as of December 31, 2023, FITB's financial performance metrics like net margin and ROE outperform industry standards, suggesting strong profitability and efficient management.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 5:00 pm

LI

TSLA

XPEV

XPeng Inc. (NYSE:XPEV) shares are trading lower after Tesla, Inc. (NASDAQ:TSLA) and Li Auto, Inc. (NASDAQ:LI) announced price cuts on their electric vehicles in China. Tesla reduced prices on several models and its Full Self-Driving software in the U.S., while Li Auto cut prices by about 5% on multiple models in China. XPeng's stock is trading below its 50-day moving average and hit a new 52-week intraday low. The article also discusses the difficulty in predicting long-term stock prices but notes XPeng's annualized stock performance over the past 5 years is -20.05%.

Portfolio Pulse from Erica Kollmann

April 22, 2024 | 4:04 pm

KRP

Analysts have recently updated their ratings and price targets for Kimbell Royalty Partners (NYSE:KRP), showing a mix of bullish and somewhat bullish sentiments. Over the last three months, there have been 3 bullish and 1 somewhat bullish ratings, with the latest updates in the last 30 days showing 1 somewhat bullish rating. The average 12-month price target for KRP has been adjusted to $21.00, down from $21.33, with a high estimate of $22.00 and a low of $20.00. Key analysts from Keybanc, Truist Securities, and Raymond James have made adjustments to their ratings and price targets, reflecting their views on the company's market conditions and performance. Kimbell Royalty Partners, which owns and acquires mineral and royalty interests in oil and natural gas properties across the U.S., has shown a revenue growth rate of 29.13% as of December 31, 2023, but faces challenges with below-industry average net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

April 22, 2024 | 4:01 pm