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NSIT

Insight Enterprises (NASDAQ:NSIT) has seen varied analyst ratings over the last three months, with recent updates indicating a positive shift in sentiment. The average 12-month price target has been raised to $201.75, reflecting an 11.67% increase from the previous target. Despite a negative revenue trend and a market capitalization below industry benchmarks, Insight Enterprises boasts a strong net margin, ROE, and ROA, outperforming industry standards. Analysts from Stifel, JP Morgan, and Barrington Research have recently adjusted their ratings and price targets, showing confidence in the company's financial health and market position.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 6:00 pm

CVX

OXY

SPY

XOM

The SPDR S&P 500 Index (NYSE:SPY) fell over 1% due to fears of an Iran attack on Israel, impacting oil prices and major energy companies like Chevron (NYSE:CVX), Exxon Mobil (NYSE:XOM), and Occidental Petroleum (NYSE:OXY). Despite a defense against the attack, concerns persist that the Israel-Hamas conflict could sustain high oil prices, potentially leading to a recession. Oil prices dropped to $85 a barrel from a spike, with energy stocks also declining. Analysts warn of economic impact if oil prices remain high or if gas prices exceed $5 a gallon.

Portfolio Pulse from Aaron Bry

April 15, 2024 | 5:58 pm

FEPI

MU

PSI

Piper Sandler analyst Harsh V. Kumar reiterated an Overweight rating on Micron Technology, Inc (NASDAQ:MU) with a price target of $130, highlighting Micron's dominance in the high-bandwidth memory (HBM) market. Micron's HBM3E product is noted for its 30% greater power efficiency over competitors, leading to significant revenue visibility. The company has sold out its HBM capacity for 2024 and most of 2025, anticipating revenue growth from this segment. Micron's HBM market share is expected to align with its broader DRAM market share by 2025. Challenges in expanding HBM capacity are acknowledged, but Micron is committed to overcoming these hurdles. The next generation of HBM, HBM4, is expected to enter volume production around 2026. Micron stock has gained over 96% in the last 12 months. Investors can also gain exposure to Micron through REX FANG & Innovation Equity Premium Income ETF (NASDAQ:FEPI) and Invesco Semiconductors ETF (NYSE:PSI).

Portfolio Pulse from Anusuya Lahiri

April 15, 2024 | 5:26 pm

HGV

Analyst reviews for Hilton Grand Vacations (NYSE:HGV) show a mix of bullish and bearish sentiments with 6 analysts offering evaluations over the past three months. The average 12-month price target is $59.33, up from $56.50, with a high estimate of $70.00 and a low of $54.00. Analyst actions include ratings from 'Overweight' to 'Market Outperform' with adjustments to price targets, reflecting dynamic market conditions and company performance. Hilton Grand Vacations, a timeshare company, has shown remarkable revenue growth of 2.72% as of December 31, 2023, but faces challenges in ROE and ROA compared to industry averages.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 5:01 pm

MRO

In the last three months, 16 analysts have provided diverse evaluations of Marathon Oil (NYSE:MRO), ranging from bullish to bearish. The recent ratings show a shift towards a more cautious stance, with an increase in 'Indifferent' ratings in the last 30 days. Analysts have updated their 12-month price targets for MRO, setting an average target of $32.75, which is a 5.0% increase from the previous average of $31.19. The adjustments in ratings and price targets reflect analysts' reactions to market conditions and Marathon Oil's performance. Despite facing challenges such as a decline in revenue growth and below-average net margin and ROE, Marathon Oil maintains a prudent financial strategy with a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 5:01 pm

SIGI

Selective Insurance Gr (NASDAQ:SIGI) received mixed analyst ratings with an average 12-month price target of $109.5, down from $113.00. The company shows positive revenue growth but below-average profitability and efficiency metrics. It operates mainly in the New York metropolitan area, focusing on small business insurance.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 5:00 pm

PGR

Progressive (NYSE:PGR) has been analyzed by 19 analysts in the last three months, showing a diverse range of opinions from bullish to bearish. The average 12-month price target for PGR has increased to $221.32 from $203.22, indicating a positive sentiment shift. Analysts from firms like Morgan Stanley, Jefferies, and Wells Fargo have raised their price targets, reflecting optimism about Progressive's market performance and financial health. The company's financial performance shows strong revenue growth and effective utilization of equity and assets, despite challenges in net margin and debt management.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 5:00 pm

ALKT

Alkami Technology (NASDAQ:ALKT) has been the subject of 7 analyst reviews over the past three months, showing a shift in sentiment from mixed to more positive, with the average 12-month price target rising to $28.86 from $24.80. Analysts from firms including JMP Securities, JP Morgan, Barclays, Needham, and Goldman Sachs have adjusted their ratings and price targets, reflecting a positive outlook on the company's performance and market position. Alkami's financial performance shows a 28.5% revenue growth rate, despite challenges in net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 5:00 pm

TLT

U.S. retail sales in March exceeded forecasts with a 4% annual growth, driven by increases in non-store retailers, gasoline stations, and miscellaneous store retailers. Despite higher inflation, consumer spending remains strong. Treasury yields rose, impacting the iShares 20+ Year Treasury Bond ETF (TLT), which fell 1.6%. Analysts view the report as a sign of robust economic activity, suggesting the Fed may delay rate cuts.

Portfolio Pulse from Piero Cingari

April 15, 2024 | 4:25 pm

SPY

USO

The Energy Information Administration (EIA) reports that US oil output from top shale-producing regions is expected to increase marginally in May, reaching its highest level since December 2023. This includes rises in the Bakken, Permian, and Eagle Ford regions, with Bakken and Permian output hitting their highest since December 2023, and Eagle Ford reaching its peak since November 2023.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 4:18 pm