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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

ENPH

11 analysts have provided varied opinions on Enphase Energy (NASDAQ:ENPH) over the past three months, with recent ratings showing a shift towards a more cautious stance. The average 12-month price target for ENPH has been raised to $125.36, indicating an 11.5% increase from the previous target. Despite this optimism, Enphase Energy faces financial challenges, including a significant revenue decline of -58.25% and issues with debt management. The company's market capitalization is below industry averages, and it struggles with ROE and ROA compared to peers.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 5:00 pm

SKX

Nine analysts have recently updated their ratings on Skechers USA (NYSE:SKX), showing a mix of bullish and bearish sentiments. The average 12-month price target for SKX is now $69.44, up from $69.00, with targets ranging from $66.00 to $74.00. Analyst actions include both upgrades and downgrades, reflecting varying perspectives on the company's performance and market position. Skechers USA's financial health appears strong, with notable revenue growth, high net margin, and exceptional ROE and ROA, indicating effective cost control and asset utilization.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 5:00 pm

MAGS

QQQ

SPY

The latest Global Fund Managers Survey by Bank of America reveals a significant uptick in optimism among fund managers, with the most bullish outlook for global equities since January 2022. Equity allocations have increased to a net 34% overweight, the highest since early 2022. Optimism for global growth has surged, with a net 11% of managers expecting a stronger economy. Cash levels have decreased, indicating increased risk appetite, while commodities allocation saw a record increase. Inflation expectations are at their highest since April 2022, yet a majority anticipate Federal Reserve rate cuts in 2024. Sector preferences have shifted towards materials, energy, and industrials. The survey also highlights the Roundhill Magnificent Seven ETF (MAGS), SPDR S&P 500 ETF Trust (SPY), and Invesco QQQ Trust (QQQ) in the context of year-to-date performance and crowded trades.

Portfolio Pulse from Piero Cingari

April 17, 2024 | 4:55 pm

WIX

Wix.com Ltd (NASDAQ:WIX) has expanded its Wix Marketplace to allow Partners to sell Studio templates directly, enhancing their earning potential. This move is part of Wix's strategy to support agencies and freelancers by providing them with tools to grow their business, including priority support and revenue share. Partners can retain 100% of profits from template sales in 2024, aiming to transform one-off template creations into recurring revenue streams.

Portfolio Pulse from Anusuya Lahiri

April 17, 2024 | 4:22 pm

WIX

Wix has announced a new initiative allowing partners to sell their unique template creations on its platform, with creators retaining 100% of the profits in 2024. This move is aimed at enhancing the earning potential for designers and developers within the Wix ecosystem.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 4:19 pm

MSOS

Cory Azzalino highlights the profitability and potential of the Florida medical cannabis market, emphasizing the success of existing stores and the opportunity to scale production. The upcoming legislative session could make Florida the most exciting recreational cannabis market.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 4:16 pm