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AMD

SOXQ

SOXX

Piper Sandler analyst Harsh V. Kumar reiterated an Overweight rating on Advanced Micro Devices, Inc (NASDAQ:AMD) with a price target of $195, highlighting strong growth prospects for the MI300 chip, especially in server markets. Kumar predicts $4 billion in MI300 revenues for 2024 and $7.6 billion for 2025. He also noted improvements in server CPU inventories and advancements in chip architecture, positioning AMD well for inference applications and server share growth. AMD stock has gained 86% in the last 12 months, and exposure to AMD can also be gained through IShares Semiconductor ETF (NASDAQ:SOXX) and Invesco PHLX Semiconductor ETF (NASDAQ:SOXQ).

Portfolio Pulse from Anusuya Lahiri

April 05, 2024 | 6:24 pm

TSLA

Tesla Inc. (NASDAQ:TSLA) is reportedly offering significant discounts on its Model Y SUVs to address its largest-ever stockpile, despite claims from an investor that these discounts have been in place since last year. The company produced 46,561 more vehicles than it delivered in Q1, leading to an inventory increase. Tesla's stock has been declining, with a 3.2% drop to $165.48 at the time of publication.

Portfolio Pulse from Rounak Jain

April 05, 2024 | 6:19 pm

USB

Nine analysts have recently updated their ratings on U.S. Bancorp (NYSE:USB), showing a mix of bullish and somewhat bullish perspectives. The average 12-month price target for USB has been raised to $52.11, indicating a positive sentiment shift. Analysts from firms like Keefe, Bruyette & Woods, Evercore ISI Group, and HSBC have adjusted their price targets and ratings, reflecting an optimistic outlook on USB's performance. Despite this, U.S. Bancorp's financials reveal challenges in revenue growth, net margin, ROE, and ROA, suggesting potential hurdles ahead.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 6:01 pm

STR

Sitio Royalties (NYSE:STR) received mixed analyst ratings over the past three months, with a total of 6 analysts providing evaluations. The ratings have shown a slight negative shift, with the average 12-month price target being reduced by 4.61% to $29.00. Analysts' actions included both upgrades and downgrades, reflecting changes in market conditions and company performance. Sitio Royalties, a mineral and royalty company, has shown impressive revenue growth of 49.43% as of December 31, 2023, but struggles with below-average net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 6:01 pm

MSTR

MicroStrategy (NASDAQ:MSTR) has received mixed analyst ratings over the last quarter, with a shift towards bullish sentiment in the last 30 days. The 12-month price targets show a significant upward trend, with an average target of $1686.0, indicating a 48.71% increase from the previous average. Financial analysis reveals challenges in revenue growth and debt management but strengths in net margin and ROE. The company's market position and future outlook are influenced by these factors and analyst ratings.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 6:00 pm

PXD

Pioneer Natural Resources (NYSE:PXD) was analyzed by 6 analysts, all maintaining an 'Indifferent' stance over the last quarter, with no change in sentiment in the last 30 days. The 12-month price target for PXD has been raised to an average of $258.33, indicating a 2.79% increase from the previous target. Analysts from firms like Truist Securities, Mizuho, Susquehanna, and Stifel have adjusted their price targets, reflecting their response to market conditions and company performance. Despite facing challenges in revenue growth and below-average net margin and ROE, PXD's prudent debt management and substantial market capitalization are notable.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 6:00 pm

APLD

Applied Digital (NASDAQ:APLD) received 4 analyst ratings in the last three months, all bullish, with a current average price target of $13.25, down 8.62% from the previous $14.50. Analysts from B. Riley Securities and Needham adjusted their price targets, reflecting changes in market conditions and company performance. Applied Digital's financials show a 242.0% revenue growth rate as of November 30, 2023, but a net margin of -24.95% and a debt-to-equity ratio of 1.18, indicating challenges in profitability and a balanced debt management approach.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 6:00 pm

DIA

IWM

QQQ

SPY

Stocks rebounded with major indexes higher after Thursday's dip, driven by March job growth figures surpassing estimates.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 5:45 pm

NLCP

New Lake Capital Partners (OTC:NLCP) is highlighted for its strong performance in the cannabis real estate sector, with a 16% stock increase over 90 days, an 8.7% dividend yield, and a conservative debt-to-equity ratio of 0.5. The company's real estate book is stable at $380 million, with a 5% increase in rental income to $12.7 million, and 100% rent collection. Analyst Pablo Zuanic of Zuanic & Associates maintains an Overweight rating on NLCP, citing its strategic market position, potential for growth in key markets, and the possibility of federal regulatory reforms benefiting the company.

Portfolio Pulse from Nicolás Jose Rodriguez

April 05, 2024 | 5:27 pm

RF

Regions Financial (NYSE:RF) has received mixed analyst ratings over the past three months, with a recent shift towards a more neutral stance. The average 12-month price target has been raised to $22.33, indicating a 14.51% increase from the previous target. Analysts from firms like Keefe, Bruyette & Woods, Truist Securities, and Morgan Stanley have adjusted their ratings and price targets, reflecting a cautiously optimistic outlook. Despite a -7.23% decline in revenue growth as of December 31, 2023, Regions Financial maintains strong financial health indicators, such as a high net margin and ROE, and a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 5:01 pm