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ZI

18 analysts have recently reviewed ZoomInfo Technologies (NASDAQ:ZI), showing mixed sentiments with a shift towards more bullish ratings over the past 30 days. The average 12-month price target for ZI has been raised to $21.08 from $20.25, indicating a positive outlook. Analyst actions include a mix of maintaining, raising, and lowering ratings and price targets, reflecting changing market conditions and company performance. Despite positive revenue growth of 4.91% as of December 31, 2023, ZoomInfo faces challenges with its market capitalization, net margin, ROE, ROA, and a high debt-to-equity ratio compared to industry averages.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 3:00 pm

SIG

Analyst ratings for Signet Jewelers (NYSE:SIG) over the past three months show a mix of bullish and indifferent opinions, with a total of 5 ratings. The average 12-month price target is $114.4, slightly down from the previous $116.75. Recent actions by analysts include adjustments to ratings and price targets, reflecting changes in market conditions and company performance. Signet Jewelers, a retailer of diamond jewelry, faces revenue challenges with a -12.06% decline over 3 months but excels in net margin, ROE, and ROA, indicating strong financial health and efficient management.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 3:00 pm

CTRA

Analysts have mixed views on Coterra Energy (NYSE:CTRA), with recent ratings showing a blend of bullish and bearish sentiments. The average 12-month price target is $33.5, reflecting a slight increase from the previous $33.00. Analyst actions include both upgrades and downgrades, with price targets ranging from $30.00 to $39.00. Coterra Energy's financial performance shows challenges, including a -30.0% revenue growth and below-average net margin and ROE.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 3:00 pm

KC

Four analysts have recently updated their ratings on Kingsoft Cloud Holdings (NASDAQ:KC), showing a mix of bullish and somewhat bullish sentiments. The average 12-month price target is now $4.25, down from $5.30, indicating a 19.81% decrease. Analysts from CLSA, Citigroup, Jefferies, and JP Morgan have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. Kingsoft Cloud Holdings, a cloud service provider in China, faces challenges with revenue growth, net margin, ROE, and ROA, but has a healthy debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 21, 2024 | 3:00 pm

LLY

NVO

The Medicare agency has announced that obesity drugs can be covered for reducing heart risk, allowing drug plans to cover these medications for additional uses. This decision could potentially increase the usage and insurance coverage of obesity drugs, impacting companies involved in their production.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 2:43 pm

AMZN

BABA

MELI

PDD

PDD Holdings Inc - ADR (NASDAQ:PDD) shares dropped 4.8% to $125.80, likely due to profit-taking after hitting a new 52-week high post-earnings report. The company reported a 123% year-on-year revenue increase to $12.52 billion for Q4 fiscal 2023, with adjusted earnings per ADS at $2.40, both surpassing expectations. Revenue from online marketing services and transaction services saw significant increases. Comparatively, PDD's earnings growth and valuation metrics position it distinctively against competitors like Amazon, Alibaba, and MercadoLibre.

Portfolio Pulse from Henry Khederian

March 21, 2024 | 2:33 pm

WGO

Winnebago Industries Inc (NYSE:WGO) reported a Q2 FY24 sales decline of 18.8% Y/Y to $703.60 million, missing estimates. Despite lower sales in RV and marine segments, adjusted EPS of $0.93 beat consensus. The company announced future growth targets and noted improving RV inventory levels. WGO shares rose 6.26% to $69.57.

Portfolio Pulse from Shivani Kumaresan

March 21, 2024 | 2:17 pm

RTX

Raytheon, a business unit of RTX (NYSE:RTX), has been awarded a $1.2 billion contract to supply Germany with additional Patriot air and missile defense systems. This contract includes the latest Patriot Configuration 3+ radars, launchers, command and control stations, and associated support, enhancing Germany's air defense capabilities and interoperability with allies.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 2:13 pm

BABA

Alibaba.com announced a 14% increase in active U.S. B2B buyers and a 10% growth in average daily transaction volume for the U.S. market during its March Expo from March 1-18, 2024. The platform introduced new guaranteed services for SMEs, reflecting a shift towards online sourcing amid macroeconomic uncertainty and supply chain pressures. A survey revealed 66% of U.S. businesses plan to increase online cross-border purchasing, with competitive pricing and product selection as key motivators.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 2:10 pm

RMAX

RE/MAX Holdings shares experienced an uptick following a report indicating that February's existing home sales surpassed estimates. This positive news suggests a healthier real estate market, potentially benefiting companies like RE/MAX involved in property sales.

Portfolio Pulse from Benzinga Newsdesk

March 21, 2024 | 2:07 pm