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Canoo Inc (NASDAQ:GOEV) has been highlighted by Benchmark analyst Michael Legg as having a multi-billion revenue opportunity, despite weak delivery numbers in its segment, including those reported by Tesla Inc (NASDAQ:TSLA). Legg initiated coverage with a Buy rating and a $5 price target, citing Canoo's limited competition in the Class 1 and Class 2 commercial fleet segment and a $3 billion sales pipeline, including $750 million in contracted orders with notable clients such as Walmart Inc (NYSE:WMT), the United States Postal Service, and the US military. The global light duty truck market's growth and government incentives for EVs are expected to fuel Canoo's market opportunities.

Portfolio Pulse from priya@benzinga.com

April 17, 2024 | 4:13 pm

MSOS

Brady Cobb discussed the potential for mergers and acquisitions in the cannabis sector, highlighting the successful raising of $82M in a challenging market. He noted a significant growth in new patients (28% MoM) and emphasized the importance of the legislative session in 2025 for the industry's future. The market's direction remains uncertain until these processes are navigated.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 4:13 pm

DHR

Danaher (NYSE:DHR) has seen a positive shift in analyst ratings over the last three months, with recent evaluations raising the average 12-month price target to $271.71, an 8.76% increase from the previous target. Analysts from firms like HSBC, Barclays, and Citigroup have upgraded their price targets, reflecting optimism about Danaher's future performance. Despite facing a revenue decline of -23.95% as of December 31, 2023, Danaher maintains a strong net margin of 40.07% and an impressive ROA of 1.25%, indicating effective cost control and asset utilization. However, its ROE of 2.04% suggests challenges in utilizing equity capital efficiently.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 4:01 pm

COIN

Recent analysis of Coinbase Global (NASDAQ:COIN) by 27 analysts shows a mix of bullish to bearish sentiments, with an updated average 12-month price target of $205.33, marking a 37.56% increase from the previous target. Analysts have adjusted their ratings and price targets based on market conditions and company performance, with notable raises from firms like Compass Point, Mizuho, and JMP Securities. Coinbase's financial performance indicates strong revenue growth and profitability, but challenges in asset utilization and comparison with industry peers.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 4:01 pm

DDOG

Datadog (NASDAQ:DDOG) has been evaluated by 17 financial analysts over the last three months, showing a diverse range of opinions. Recent assessments indicate a shift towards a more bullish sentiment, with an average 12-month price target of $148.47, up 16.99% from the previous target of $126.91. Analysts have maintained or raised their ratings, reflecting positive market conditions and company performance. Datadog's financials show solid revenue growth but below-average profitability and efficiency metrics.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 4:00 pm

FLS

Flowserve (NYSE:FLS) has seen varied analyst ratings over the last quarter, with a shift towards bullish sentiment in the last 30 days. Analysts have raised their 12-month price targets, reflecting an average increase of 7.14% to $51.0. Flowserve, a flow control systems manufacturer, has shown solid revenue growth of 12.15% as of December 31, 2023, but faces challenges in profitability and debt management.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 4:00 pm

LOVE

Analysts' ratings for Lovesac (NASDAQ:LOVE) have shown a shift from bullish to bearish over the last quarter, with a recent average price target of $34.00, down from $39.00. The company's financial performance includes a revenue growth rate of 5.04%, a net margin of 12.36%, an ROE of 15.36%, an ROA of 6.74%, and a debt-to-equity ratio of 0.81, indicating strong profitability and effective asset and debt management.

Portfolio Pulse from Benzinga Insights

April 17, 2024 | 4:00 pm

MSOS

Paul Vancea emphasizes the importance of tailoring product versions to fit specific molds, highlighting how the power of the pen can significantly impact revenue. The context is provided within the Cannabis Capital Conference, suggesting a focus on the cannabis industry. Access to the conference is available for both existing and new subscribers.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:47 pm

MSOS

Mario Naric, a representative of a large extraction company, discusses their strategy to target different groups and expand their product set, including a focus on 'Liquid Diamonds' to grow market share. The company is diversifying across more categories and notes the fickleness of the Canadian market. The Cannabis Capital Conference offers live access for subscribers and new users.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:36 pm

UAL

During a conference call, a United Airlines executive stated that business demand is continuing to recover. This indicates a positive trend for the airline's business travel segment.

Portfolio Pulse from Benzinga Newsdesk

April 17, 2024 | 3:27 pm