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Revenues

WBA

Recent analyst evaluations of Walgreens Boots Alliance (NASDAQ:WBA) show a predominantly neutral to somewhat bearish sentiment, with no bullish ratings in the last three months. The average 12-month price target for WBA has been adjusted downward to $23.00 from $25.00, indicating an 8.0% decrease. Financial analysis highlights WBA's positive revenue trend with a 9.96% growth rate as of November 30, 2023, but points to challenges in profitability, asset utilization, and equity capital efficiency. The company's market capitalization is below industry averages, and its debt-to-equity ratio suggests a conservative financial approach.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 5:01 pm

SMAR

15 analysts have updated their ratings on Smartsheet (NYSE:SMAR), showing a mix of sentiments from bullish to bearish. The average 12-month price target has been lowered to $48.4, a decrease of 11.76%. Analysts have adjusted their ratings and price targets, reflecting a negative shift in sentiment towards Smartsheet. Despite this, Smartsheet has shown a revenue growth rate of 23.22% as of October 31, 2023, but faces challenges in profitability and efficiency metrics compared to industry averages.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 5:00 pm

AMZN

CRWD

GOOG

META

MSFT

NVDA

ORCL

PANW

QOWZ

TRFK

Nvidia's GTC 2024 event, termed the 'AI Woodstock', is anticipated to showcase groundbreaking AI innovations, driving significant analyst enthusiasm. Wedbush analyst Daniel Ives predicts the event will catalyze over $1 trillion in AI investments over the next decade, marking a pivotal moment in the AI Revolution. The introduction of the Blackwell B100 AI chip is highlighted as a key milestone. Major tech companies like Microsoft, Alphabet, Amazon, Oracle, and Meta are noted for their transformative AI investments. The AI sector's growth is expected to significantly impact IT budgets and spur additional spending across software, IT services, and infrastructure. The article also mentions the positive outlook for cloud cybersecurity firms like Zscaler, CrowdStrike, and Palo Alto Networks due to increased AI adoption. Analysts from Truist Securities and HSBC have raised their price targets for Nvidia, reflecting a bullish sentiment on the stock.

Portfolio Pulse from Anusuya Lahiri

March 18, 2024 | 4:56 pm

AZUL

Azul TecOps, a business unit of Azul (AZUL), has received certification from the European Union Aviation Safety Agency (EASA) to provide aircraft and component maintenance services to EU companies. This certification, valid for 2 years with renewal possibility, marks Azul TecOps' first international endorsement and allows it to expand its services beyond Brazil. The certification process involved training over 750 crew members and conducting internal audits. Azul TecOps, leveraging its 15+ years of operational experience and diverse fleet, aims to capture new customers and generate significant revenue in the EU.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 4:52 pm

NVO

Novo Nordisk's Wegovy faces inconsistent insurance coverage despite FDA approval expansion and health benefits. Employers and health plans are hesitant due to the high cost and patient adherence concerns. Some insurers, like Evernorth Health Services (a Cigna Group subsidiary), are introducing cost control measures. North Carolina scaled back coverage due to financial strain, costing nearly $87 million last year. Novo Nordisk offers a savings program to help uninsured patients. Coverage for obesity medications is expected to expand among U.S. employers.

Portfolio Pulse from Vandana Singh

March 18, 2024 | 4:51 pm

GCT

GigaCloud Technology Inc (NASDAQ:GCT) shares are trading lower today, following a pullback after a surge on Friday due to better-than-expected fourth-quarter earnings. The company reported a Q4 revenue of $244.74 million and earnings of 87 cents per share, surpassing estimates. Marketplace GMV, active third-party sellers, active buyers, and spend per active buyer all saw significant increases. CEO Larry Wu highlighted the quarter as a historic revenue peak and a step forward in global expansion, partly due to the integration of Noble House and Wondersign. GigaCloud has provided a Q1 revenue guidance of $230 million to $240 million, above estimates.

Portfolio Pulse from Adam Eckert

March 18, 2024 | 4:22 pm

USO

The U.S. Energy Information Administration (EIA) has projected a marginal increase in oil output from the top shale-producing regions in April, reaching the highest level since December 2023. This information was reported by Reuters.

Portfolio Pulse from Happy Mohamed

March 18, 2024 | 4:13 pm

SOL

Solana (SOL) experienced an 8% gain, reaching all-time high levels, driven by a significant whale deposit of 200,000 SOL ($39.85M) into Binance and a surge in interest in Solana-based meme coins. The cryptocurrency's weekly gain stands at 40%, with its valuation surpassing BNB's. Solana's total value locked is at $4.3 billion, indicating a 119% growth over the past month. Interest in Solana and its altcoins, including Dogwifhat and Jito Network, is increasing, with potential for significant gains.

Portfolio Pulse from Khyathi Dalal

March 18, 2024 | 4:08 pm

SLG

SL Green Realty (NYSE:SLG) received mixed analyst ratings, with a shift towards a more bearish outlook in the last 30 days. The average 12-month price target is now $48.5, up from $44.25, indicating a 9.6% increase. Analysts from Evercore ISI Group, Deutsche Bank, Piper Sandler, Truist Securities, and Goldman Sachs provided updates, with price targets ranging from $36.00 to $58.00. SL Green Realty, a major Manhattan property owner, faces challenges with a -6.85% revenue decline and below-average profitability metrics.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 4:01 pm

SUI

Sun Communities (NYSE:SUI) received mixed analyst ratings over the past three months, with 3 somewhat bullish and 2 indifferent ratings. The average 12-month price target for SUI is $144.8, reflecting a slight increase from the previous target. Analysts from Truist Securities, Barclays, BMO Capital, and JMP Securities have adjusted their ratings and price targets, indicating varying expectations for the company's performance. Sun Communities, a residential REIT, has shown solid revenue growth but struggles with profitability and efficiency metrics compared to industry averages.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 4:00 pm