Streetbeat News

Revenues

VGK

The Eurozone Core Consumer Price Index (CPI) for March showed a year-over-year increase of 2.9%, slightly below the estimated 3.0% and down from the previous 3.1%.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 9:07 am

AAPL

Apple Inc is set to release the Beats Solo4 headphones on May 2, featuring USB-C charging, upgraded sound quality with custom-built 40mm transducers, and a 50-hour battery life. Priced at $199.99, these headphones aim to boost Apple's revenue amid declining iPhone sales in China.

Portfolio Pulse from Benzinga Neuro

April 03, 2024 | 9:02 am

FXI

The China Caixin Services Purchasing Managers Index (PMI) for March was reported at 52.7, matching the estimate and showing a slight increase from the previous month's 52.5.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 4:13 am

INFA

Informatica (NYSE:INFA) received mixed analyst ratings with an updated average 12-month price target of $38.0, reflecting a 38.69% increase from the previous target. Analysts from firms like Baird, Goldman Sachs, and JP Morgan have raised their price targets, indicating a positive outlook based on Informatica's revenue growth, net margin, and ROE, despite concerns over its debt management and ROA.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 9:01 pm

IR

Analyst ratings for Ingersoll Rand (NYSE:IR) show varied sentiments, with recent adjustments reflecting a bullish outlook. The average 12-month price target is $95.38, marking an 11.28% increase from the previous target. Ingersoll Rand's financial performance includes a revenue growth of 12.18% and a net margin of 12.62%, though its ROE and ROA are below industry averages. The company's market capitalization and debt management indicate investor confidence and a sound financial structure.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 9:01 pm

NVT

Five analysts have recently updated their ratings on nVent Electric (NYSE:NVT), showing a mix of bullish and somewhat bullish outlooks. The average 12-month price target has been raised to $76.4, marking a 15.32% increase from the previous target of $66.25. Analysts from Barclays, Goldman Sachs, Deutsche Bank, and RBC Capital have adjusted their ratings and price targets, reflecting optimism about nVent Electric's performance. The company, known for its electrical connection and protection solutions, has shown notable revenue growth and strong profitability metrics, including a net margin of 29.6% and ROE of 8.38%.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 9:01 pm

NIO

10 analysts have recently updated their ratings on NIO Inc. (NYSE:NIO), showing a diverse range of opinions from bullish to bearish. The average 12-month price target for NIO has been lowered to $6.18 from $8.10, indicating a 23.7% decrease. Analysts from firms including Barclays, UBS, HSBC, Morgan Stanley, Bernstein, B of A Securities, Jefferies, and JP Morgan have adjusted their price targets and ratings, reflecting a more cautious outlook on the company. Despite facing revenue challenges and a high debt-to-equity ratio, NIO's net margin and ROA outperform industry averages, showcasing its profitability and asset management efficiency.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 9:00 pm

OWL

Blue Owl Cap (NYSE:OWL) received mixed analyst ratings over the past three months, with an updated average 12-month price target of $20.31, reflecting a 9.31% increase from the previous target. The company, an alternative asset management firm, showed a 24.91% revenue growth rate as of December 31, 2023, but has below industry average net margin and ROE. Analysts from UBS, Piper Sandler, Goldman Sachs, and TD Cowen have raised their price targets, indicating a positive outlook on the company's performance.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 9:00 pm

GNRC

Four analysts have recently shared mixed evaluations of Generac Hldgs (NYSE:GNRC), with a consensus showing no change in ratings in the last 30 days but an increase in the average 12-month price target to $131.25 from $125.25. The company, known for its power generation equipment, has shown a revenue growth of 1.38% and a strong financial health with high net margin and ROE, despite a high debt-to-equity ratio. Analysts from UBS, Baird, Citigroup, and Roth MKM have adjusted their price targets, reflecting their perception of the company's current state and market conditions.

Portfolio Pulse from Benzinga Insights

April 02, 2024 | 9:00 pm

BTCUSD

Bitcoin's price fell by 5.6% to $65,580 ahead of the halving event, with $135.3 million in long positions liquidated. Despite high interest rates, this drop seems unrelated to the Fed's upcoming decision. Trading volume surged by 40%, with significant activity in USDT and FDUSD pairs. In South Korea, Bitcoin's price reached $71,295. The market saw $354.20 million in long position liquidations. These topics are expected to be discussed at Benzinga's Future of Digital Assets conference.

Portfolio Pulse from Murtuza Merchant

April 02, 2024 | 8:40 pm