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DKNG

In the last three months, 24 analysts have provided diverse ratings on DraftKings (NASDAQ:DKNG), with a shift towards more bullish perspectives in the recent 30 days. The average 12-month price target for DKNG has risen to $51.83, up 12.16% from the previous target. Analysts from firms like Goldman Sachs, Morgan Stanley, and JP Morgan have adjusted their ratings and price targets, reflecting optimism about DraftKings' market position and financial performance. DraftKings has shown significant revenue growth and is expanding its online sports and casino gambling operations, despite challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 2:00 pm

CFB

CrossFirst Bankshares (NASDAQ:CFB) received mixed analyst ratings with a recent shift towards a more bullish outlook. Over the past three months, four analysts provided ratings, with a recent update showing an increase in the average 12-month price target to $18.00, reflecting a 5.88% rise from the previous target of $17.00. Key analysts from Stephens & Co. and Keefe, Bruyette & Woods adjusted their ratings and price targets, indicating a positive sentiment towards CFB's market performance. The company's financials show strong revenue growth, net margin, ROE, and ROA, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 2:00 pm

OSK

Analysts have varied opinions on Oshkosh (NYSE:OSK), with recent ratings showing a mix of bullish and indifferent stances. The average 12-month price target for OSK is $125.78, indicating a 7.5% increase from the previous target. Analysts from firms like JP Morgan, Truist Securities, and Goldman Sachs have adjusted their ratings and price targets, reflecting their views on the company's performance and market position. Oshkosh, a leading producer of access equipment, specialty vehicles, and military trucks, has shown impressive revenue growth and profitability, despite losing the JLTV recompete and facing challenges in ROE.

Portfolio Pulse from Benzinga Insights

April 16, 2024 | 2:00 pm

DRIV

ICLN

IDRV

KARS

SOXX

TAN

Michael Sayers, CFA at Rockland Trust, predicts double-digit growth in infrastructure and technology sectors due to the CHIPS Act, IRA Act, and Infrastructure Act, allocating approximately $1 trillion over the next decade. Sayers highlights significant investment opportunities in semiconductor, clean energy, and electric vehicle sectors, benefiting ETFs like SOXX, ICLN, TAN, DRIV, IDRV, KARS, and the Russell Global Infrastructure Fund (RGISX). Additionally, infrastructure and manufacturing ETFs such as PAVE, IGF, IFRA, XLI, and ITA are poised for growth, offering investors diversified exposure to these expanding sectors.

Portfolio Pulse from Surbhi Jain

April 16, 2024 | 1:25 pm

FLGC

Flora Growth (FLGC) has announced a definitive agreement to acquire TruHC for 2,770,562 of its common shares, valued at $6.4M. This acquisition leverages TruHC's German cannabis platform, enhancing Flora's global distribution network with TruHC's expertise in the cannabis sector. The deal is strategic ahead of Germany's expected growth to become the world's largest federally legal cannabis market, potentially surpassing $10 billion in market potential.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:24 pm

NVDA

TOON

Kartoon Studios announced that its AI toolkit developed on NVIDIA Omniverse will revolutionize its animation production and distribution, aiming to save 75% of production costs and significantly increase speed-to-market efficiencies.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:20 pm

MRT

Marti Technologies projects its FY24 revenue to be $16.6 million.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:15 pm

MRT

Marti Technologies reported a decrease in FY23 revenue to $20.030M from $24.988M in the previous year, indicating a year-over-year decline.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:14 pm

SPY

Fed's Jefferson highlighted that as of March, headline PCE inflation was at 2.7% over the past 12 months, with core PCE at 2.8%, according to Fed staff estimates. Despite progress in reducing inflation, he stated the job isn't done, expecting further decline in inflation with the policy rate maintained at its current level.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:05 pm

APG

APi Group Corporation (NYSE:APG) has agreed to acquire Elevated Facility Services, a leading provider of elevator and escalator maintenance services. The deal, expected to close in Q2 2024, marks L Squared's eighth exit since 2014. Elevated has seen significant growth, with net revenue increasing from ~$60 million in 2017 to an expected ~$220 million in the current year, thanks to strategic investments and 15 add-on acquisitions. The acquisition is subject to regulatory approval and customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

April 16, 2024 | 1:03 pm