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EVH

Analysts have recently updated their ratings and price targets for Evolent Health (NYSE:EVH), showing a mix of bullish and somewhat bullish sentiments. The average 12-month price target is now $45.0, down from $45.67. Actions include lowering and raising price targets by analysts from JP Morgan, Oppenheimer, JMP Securities, and Canaccord Genuity. Evolent Health's financial performance is strong, with notable revenue growth, net margin, ROE, ROA, and a healthy debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 4:00 pm

DFS

Discover Financial Services (NYSE:DFS) received mixed analyst ratings over the past three months, with a total of 15 analysts providing insights. The ratings ranged from bullish to indifferent, with no bearish sentiments. The average 12-month price target for DFS has been raised to $127.33, up 7.51% from the previous target of $118.43. Analysts from firms like Piper Sandler, Citigroup, and Morgan Stanley have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Discover Financial Services, known for its credit and debit card services, has shown strong financial performance with a revenue growth rate of 12.77% and a net margin of 9.2%, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 4:00 pm

GCT

GigaCloud Technology Inc. (NASDAQ:GCT) shares surged after reporting Q4 FY 2023 earnings that exceeded expectations and providing an optimistic 2024 guidance. Revenue increased by 94.8% Y/Y to $244.7 million, surpassing the consensus of $224.2 million, driven by higher demand for large parcel merchandise. The company's GMV and active buyers also saw significant year-over-year growth. Gross profit and adjusted EBITDA rose substantially, with EPS of $0.87 beating the consensus of $0.58. The company highlighted the integration of Noble House and Wondersign as key to its global expansion. GCT expects Q1 2024 revenues to be between $230 million and $240 million, above the consensus of $210.2 million. Shares were up 14.2% to $39.96.

Portfolio Pulse from Lekha Gupta

March 15, 2024 | 3:50 pm

JBL

QVAL

SRHQ

Jabil Inc (NYSE: JBL) reported a 16.8% year-on-year decrease in Q2 FY24 revenue, missing estimates with $6.77 billion. Adjusted EPS was $1.68, slightly above the consensus of $1.66. The company revised its FY24 revenue guidance downwards from $30.6 billion to $28.5 billion and expects core EPS of $8.40, down from $9.00+. JBL shares fell 16.20% to $123.44. Exposure to JBL can also be gained through SRHQ and QVAL ETFs.

Portfolio Pulse from Anusuya Lahiri

March 15, 2024 | 3:26 pm

GFS

INTC

SMH

TSM

President Joe Biden is set to award Intel Corporation a significant funding from the CHIPS and Science Act to expand U.S. semiconductor production, highlighting Arizona as a key hub. This follows a $1.5 billion grant to GlobalFoundries and anticipates future grants to TSMC and potentially Samsung. The CHIPS Act aims to reduce U.S. reliance on imported tech components. Arizona's favorable climate, low disaster risk, and proximity to tech giants make it an ideal location for semiconductor fabs.

Portfolio Pulse from Neil Dennis

March 15, 2024 | 3:08 pm

TLS

Telos Corporation (NASDAQ:TLS) shares rose after reporting Q4 adjusted EPS of $(0.09), beating the expected $(0.12) loss. Q4 sales were $41.059 million, surpassing the $32.06 million forecast. However, gross profit and margin declined compared to the previous year. The company announced potential new programs worth up to $525 million over five years, aiming for revenue growth in 2024 and 2025. Q4 adjusted EBITDA was a $(3.2) million loss, and Q1 revenue is expected to decline 21%-18% Y/Y. TLS shares increased by 10.9% to $3.495.

Portfolio Pulse from Nabaparna Bhattacharya

March 15, 2024 | 3:06 pm

DOCS

Doximity (NYSE:DOCS) received mixed analyst ratings in the last quarter, with a shift towards a more cautious stance. The recent ratings show a trend from indifferent to somewhat bearish, with 5 indifferent and 1 somewhat bearish rating. Analysts have updated their 12-month price targets, indicating an average target of $29.00, a high of $32.00, and a low of $25.00, reflecting a 16% increase from the previous average of $25.00. Doximity's financial performance is strong, with significant revenue growth, high net margin, and solid returns on equity and assets, alongside a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 3:01 pm

FTAI

FTAI Aviation (NASDAQ:FTAI) has seen a variety of analyst opinions over the past three months, with recent updates showing a bullish trend. The average 12-month price target has been raised to $69.8, reflecting a 43.18% increase. Analysts from Benchmark, Morgan Stanley, Barclays, and Stifel have raised their price targets, indicating positive sentiment towards FTAI's financial performance and market position. The company has demonstrated strong financial health with a revenue growth rate of 14.02%, a net margin of 35.18%, and an exceptional ROE of 81.63%, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 3:00 pm

NVT

Analysts have mixed opinions on nVent Electric (NYSE:NVT), with recent ratings varying from bullish to bearish. The average 12-month price target for NVT has increased by 16.62% to $74.25, with a high estimate of $83.00 and a low of $65.00. Key analysts from Goldman Sachs and Deutsche Bank have raised their price targets, reflecting a positive outlook on the company's performance. nVent Electric, specializing in electrical connection and protection solutions, shows strong financial metrics with notable revenue growth, high net margin, and efficient asset and equity management.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 3:00 pm

DM

Desktop Metal Inc (NYSE:DM) reported a Q4 fiscal 2023 revenue of $52.30 million, surpassing expectations and showing a 13.7% decline YoY. The company's net loss decreased, and adjusted gross margin improved. Despite not meeting the A-EBITDA target, the CEO remains optimistic about reaching profitability. Desktop Metal forecasts 2024 revenue between $175 million and $215 million, with an adjusted EBITDA loss of $30 million to $10 million. Shares surged 19.6% to $0.7369.

Portfolio Pulse from Akanksha Bakshi

March 15, 2024 | 2:29 pm