Streetbeat News

Revenues

NRGV

Analyst ratings for Energy Vault Holdings (NYSE:NRGV) show mixed sentiments, with recent adjustments indicating a bearish outlook. The average 12-month price target has been lowered to $3.06 from $4.90, reflecting a significant drop. Analysts from firms like Stifel, Chardan Capital, and Goldman Sachs have adjusted their ratings and price targets, responding to market dynamics and company performance. Energy Vault Holdings, a grid-scale energy storage company, has shown a revenue growth rate of 17.86% as of December 31, 2023, but faces challenges in market capitalization and growth compared to industry benchmarks.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 6:00 pm

NEO

NeoGenomics (NASDAQ:NEO) has received mixed analyst ratings over the past three months, with a recent shift towards a more bullish outlook. The average 12-month price target for NEO has increased to $20.5, reflecting a 2.5% rise from the previous target of $20.00. Analysts from Needham, Piper Sandler, and Goldman Sachs have adjusted their price targets and ratings, indicating changing perspectives on the company's market performance and financial health. NeoGenomics operates in genetic testing for cancer and has shown a revenue growth rate of 12.15% as of December 31, 2023, but lags in net margin and ROA compared to industry averages.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 6:00 pm

AAPL

CTEX

GLW

KNGZ

Corning Inc (NYSE:GLW), a supplier for Apple Inc (NASDAQ:AAPL), reported a fiscal first-quarter 2024 core sales decline of 3% year-on-year to $3.26 billion, surpassing the consensus of $3.12 billion. Core EPS was $0.38, beating the consensus of $0.35. The company saw varied performance across its segments, with Display Technologies growing by 14% and Optical Communications declining by 17%. Corning's CEO announced plans to add more than $3 billion in annualized sales within the next three years. Corning expects Q2 core sales of $3.40 billion and core EPS of $0.42 - $0.46. GLW shares rose by 5.11% to $33.41. Investors can also gain exposure to Corning through ETFs like First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) and ProShares S&P Kensho Cleantech ETF (NYSE:CTEX).

Portfolio Pulse from Anusuya Lahiri

April 30, 2024 | 5:45 pm

SPY

U.S. Treasury Secretary Yellen expressed confidence that shelter inflation is highly likely to decrease in the next year, indicating potential easing of inflationary pressures.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 5:33 pm

VEL

Velocity Financial (NYSE:VEL) has received mixed analyst ratings over the past quarter, with a shift towards more bullish sentiments in the last 30 days. Analysts from firms like JMP Securities, Raymond James, Citigroup, BTIG, and Wells Fargo have raised their price targets, reflecting an optimistic outlook on the company's performance. The average 12-month price target is now $18.42, up 14.55% from the previous average of $16.08. Velocity Financial, a real estate finance company, has shown significant financial growth with a revenue increase of 65.74% as of December 31, 2023, and outperforms in net margin and ROE compared to industry averages.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 5:02 pm

ZUO

Zuora (NYSE:ZUO) received mixed analyst ratings in the latest quarter with 5 analysts offering their perspectives, showing a predominantly bullish outlook. The average 12-month price target for ZUO is now $13.2, marking a slight increase from the previous $13.00. Analyst actions included maintaining and lowering ratings, with price targets ranging from $8.00 to $15.00. Zuora's financial performance shows a revenue growth rate of 7.4%, a net margin of -18.83%, and a challenging debt-to-equity ratio of 3.02.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 5:01 pm

ITI

Analysts have varying opinions on Iteris (NASDAQ:ITI), with recent ratings ranging from bullish to bearish. The average 12-month price target is $8.1, marking a 27.96% increase from the previous target of $6.33. Iteris's financial performance shows a revenue growth rate of 3.55% as of December 31, 2023, with a net margin of 0.84% and an ROE of 0.52%. The company's debt-to-equity ratio is low at 0.09, indicating a conservative financial approach.

Portfolio Pulse from Benzinga Insights

April 30, 2024 | 5:00 pm

TGT

The THC beverage sector is expected to grow from $180 million in 2021 to $500 million by 2026. Industry experts at the Benzinga Cannabis Capital Conference discussed the sector's growth, regulatory landscape, and its potential as an alcohol substitute. Key insights include the differentiation between hemp and marijuana, the importance of distribution channels, and the emerging consumer base of canna-curious individuals. Target (NYSE:TGT) was mentioned as now taking adaptogenic mushrooms, highlighting the broader acceptance and potential for growth in the cannabis-related product market.

Portfolio Pulse from Nina Zdinjak

April 30, 2024 | 4:42 pm

MAC

NXRT

RDFN

SBAC

VNQ

U.S. residential home prices surged in February 2024, marking the strongest one-month increase in two years, despite high mortgage costs. The Federal Housing Finance Agency reported a 1.2% month-over-month growth, with a 7% increase from the previous year. The S&P Global 20-city home price index also showed a 7.3% year-on-year increase. Real estate stocks reacted variably, with the Vanguard Real Estate ETF (VNQ) dropping slightly, while companies like NexPoint Residential Trust (NXRT) and Redfin Corporation (RDFN) saw gains. Conversely, SBA Communications Corporation (SBAC) and The Macerich Company (MAC) experienced losses.

Portfolio Pulse from Piero Cingari

April 30, 2024 | 4:36 pm

ADM

Archer-Daniels-Midland Company (ADM) reported Q1 earnings with EPS of $1.46, surpassing analyst expectations of $1.36, but missed revenue forecasts with $21.85 billion against an expected $22.27 billion. The company experienced a 24% decrease in adjusted segment operating profit and declines in AS&O and Nutrition segment profits. Despite these challenges, ADM is focusing on strategic initiatives like the Green Bison JV, regenerative agriculture, and BioSolutions to improve future performance. The company anticipates FY24 EPS to be between $5.25 and $6.25, compared to analyst estimates of $5.57. ADM's shares dropped by 2.97% to $58.89.

Portfolio Pulse from Nabaparna Bhattacharya

April 30, 2024 | 4:36 pm