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SPY

The Federal Reserve's Beige Book reported a slight overall increase in employment, with expectations that inflation would remain steady at a slow pace moving forward. This indicates a cautious but stable economic outlook.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 6:01 pm

URBN

Urban Outfitters (NASDAQ:URBN) received mixed ratings from 7 analysts, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target was raised to $41.00, indicating a 7.41% increase from the previous target. Analyst actions varied, with some raising and others lowering their price targets, reflecting diverse perspectives on the company's performance and market conditions. Urban Outfitters, known for its apparel and home goods retail, showed a solid revenue growth rate of 7.34% as of January 31, 2024, but struggles with below-industry benchmarks in net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 6:01 pm

SAFE

Seven analysts have recently updated their ratings on Safehold (NYSE:SAFE), with a mix of bullish, somewhat bullish, and indifferent stances. The average 12-month price target for SAFE has been adjusted to $26.71, slightly up from $26.67. Analysts from firms including JP Morgan, Truist Securities, Mizuho, RBC Capital, and JMP Securities have revised their price targets and ratings, reflecting a cautious but slightly positive outlook on the company's performance. Safehold, a REIT focusing on ground leases, has shown a solid revenue growth rate of 40.42% and a high net margin of 39.97%, although its ROE and ROA are below industry averages.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 6:01 pm

FBK

FB Financial (NYSE:FBK) has been analyzed by three analysts, showing a shift towards a more cautious stance in the last 30 days with one indifferent and one somewhat bearish rating, compared to a somewhat bullish rating a month ago. The average 12-month price target is now $40.67, down from $41.00, with analysts from Keefe, Bruyette & Woods, JP Morgan, and Piper Sandler providing recent evaluations. FB Financial's financial performance indicates challenges in revenue growth with a -9.02% decline, but strong profitability metrics like a net margin of 25.23% and high ROE and ROA figures.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 6:01 pm

FRSH

Freshworks (NASDAQ:FRSH) has been evaluated by 4 analysts over the last three months, showing a shift towards a more cautious stance with 3 somewhat bullish and 1 indifferent rating recently. The average 12-month price target for FRSH has been raised to $25.75, up from $24.50, indicating a positive outlook on the stock's future performance. Analysts from Morgan Stanley, Wolfe Research, Cantor Fitzgerald, and JMP Securities have adjusted their ratings and price targets, reflecting their views on the company's market position and financial performance, which includes a 20.23% revenue growth rate but below-average profitability and efficiency metrics.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 6:00 pm

EDR

WWE

WWE has undergone significant changes with Vince McMahon merging it with Endeavor Group's UFC to form TKO, where he serves as executive chairman. McMahon's departure from day-to-day operations has led to a more relaxed company culture under the leadership of Paul Levesque and Nick Khan. WWE has secured lucrative media rights deals with NBCUniversal and Netflix, signaling a strong post-McMahon direction. McMahon has also sold a substantial amount of TKO shares since stepping down.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 5:55 pm

NFLX

BMO Capital Markets analyst Brian J. Pitz reaffirmed an Outperform rating on Netflix, Inc. (NASDAQ:NFLX), raising the price target from $638 to $713, citing potential for member growth and operating margin expansion from 2024 onwards. Pitz highlights initiatives like paid sharing and T-Mobile ad tier shift, along with content innovation, as key drivers. He estimates Netflix will capture a significant share of linear TV dollars shifting online, with advertising expected to make up about 10% of total revenue by 4Q25. Netflix is anticipated to have over 41 million AVOD members by FY24, growing to over 54 million by FY25.

Portfolio Pulse from Nabaparna Bhattacharya

April 17, 2024 | 5:11 pm

AMPL

Amplitude (NASDAQ:AMPL) has been reviewed by 4 analysts in the past three months, showing a mix of neutral and somewhat bearish perspectives. The average 12-month price target is now $11.5, down from $13.00, indicating a negative sentiment shift. Analysts from Morgan Stanley and Citigroup have adjusted their price targets and ratings, reflecting concerns over Amplitude's market performance. Despite a solid revenue growth rate of 9.42% and a strong market presence, Amplitude's financial indicators such as net margin and ROA suggest areas of challenge.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 5:01 pm

TRIP

Analyst ratings for TripAdvisor (NASDAQ:TRIP) have shown a diverse range of opinions, with recent updates indicating a shift towards more positive outlooks. Over the last three months, 9 analysts have provided ratings, with the latest sentiment being predominantly neutral. The 12-month price targets suggest an average increase of 24.42% to $26.44, with recent analyst actions mostly raising their price targets. TripAdvisor's financial performance has been strong, with notable revenue growth and efficient cost management, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 5:01 pm

ZS

In the latest quarter, 24 analysts provided mixed ratings for Zscaler (NASDAQ:ZS), with an updated average 12-month price target of $250.75, reflecting a 3.77% increase from the previous target. The ratings range from 'Buy' to 'Neutral', with adjustments made based on Zscaler's performance and market conditions. Zscaler, a cloud-native cybersecurity solutions provider, has shown a notable revenue growth rate of 35.45% as of January 31, 2024, but faces challenges in profitability and efficiency, as indicated by its net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 5:01 pm