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GDYN

Grid Dynamics Holdings (NASDAQ:GDYN) has received diverse analyst ratings over the last three months, with a recent shift towards more bullish sentiments. The average 12-month price target is $16.6, indicating a 10.67% increase from the previous target. Analysts from firms like Cantor Fitzgerald, JP Morgan, and Citigroup have raised their price targets, reflecting optimism about the company's performance despite challenges in revenue growth and market capitalization.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 5:00 pm

BLDP

Ballard Power Systems has been awarded $40M by the U.S. Department of Energy as part of a $750 million initiative under the Bipartisan Infrastructure Law to advance the hydrogen industry. This funding aims to reduce clean hydrogen production costs, support over 1,500 new jobs, and assist disadvantaged communities. It's part of a broader effort to achieve the DOE's Hydrogen Shot goal of $1 per kilogram for clean hydrogen.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 4:40 pm

TH

Target Hospitality Corp (NASDAQ:TH) shares rose after reporting Q4 FY23 results surpassing expectations and providing FY24 revenue guidance above estimates. Despite a sales decline to $126.220 million from $152.438 million, it beat the consensus of $118.0 million. The revenue drop was attributed to lower non-cash, nonrecurring infrastructure enhancement revenue. Adjusted EBITDA and EPS also exceeded expectations. The company announced a share repurchase and forecasts FY24 revenue of $410-$425 million, with plans to allocate over $500 million in growth capital through 2027.

Portfolio Pulse from Lekha Gupta

March 13, 2024 | 4:24 pm

HSY

MDLZ

The global chocolate crisis is worsening as African cocoa plants report running out of beans, according to Reuters News. This situation could potentially impact major chocolate manufacturers and their supply chains.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 4:04 pm

LZ

Four analysts have recently updated their ratings on LegalZoom.com (NASDAQ:LZ), with all maintaining a somewhat bullish stance. The average 12-month price target is now $14.25, down from $16.00, indicating a 10.94% decrease. LegalZoom.com has shown solid financial performance, with notable revenue growth and strong financial health indicators such as net margin, ROE, and ROA. The company's market capitalization is below industry benchmarks, but it has a low debt-to-equity ratio, suggesting a sound financial structure.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 4:01 pm

WFC

Recent analyst ratings for Wells Fargo (NYSE:WFC) show a mix of bullish and bearish perspectives, with an average 12-month price target of $56.98, reflecting a 3.22% increase from the previous target. Analysts from firms like Compass Point, Morgan Stanley, and Barclays have adjusted their ratings and price targets, indicating a nuanced view of the bank's performance and market position. Despite a revenue growth rate of 2.22% and a market capitalization that underscores its size, Wells Fargo faces challenges in profitability, asset utilization, and shareholder returns, with metrics like net margin, ROE, and ROA trailing behind industry averages.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 4:01 pm

BZ

Kanzhun (NASDAQ:BZ) received mixed analyst ratings with an updated average 12-month price target of $23.00, indicating a 4.55% increase from the previous target. The company's financial performance shows strong revenue growth, net margin, and ROE, outperforming industry standards. Kanzhun operates China's largest online recruitment platform, Boss Zhipin, with significant revenue from small and medium-sized enterprises.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 4:01 pm

PWFL

Four analysts have recently evaluated PowerFleet (NASDAQ:PWFL), showing a shift towards more bullish sentiments over the last three months. The average 12-month price target for PWFL has increased to $7.00, reflecting a 33.33% rise from the previous target of $5.25. Analysts from Lake Street, Canaccord Genuity, and Barrington Research have adjusted their ratings and price targets, indicating a positive outlook on the stock. PowerFleet, a provider of wireless IoT and M2M solutions, faces challenges in revenue growth and carries a substantial amount of debt, but outperforms in net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 4:01 pm

ADM

Archer-Daniels Midland (NYSE:ADM) has been evaluated by 13 analysts over the last three months, showing a predominantly indifferent sentiment with a shift towards more neutral ratings in the last 30 days. The average 12-month price target for ADM has been adjusted to $66.15, marking a significant decline from previous targets. Analysts from firms including BMO Capital, Jefferies, Citigroup, UBS, Goldman Sachs, Stifel, Barclays, Roth MKM, and Baird have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. ADM's financial indicators such as market capitalization, revenue trends, net margin, ROE, ROA, and debt management are also discussed, highlighting the company's market standing and economic impact.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 4:00 pm

SPY

In a Fox Business interview, U.S. Treasury Secretary Yellen expressed regret for previously describing inflation as transitory and anticipates the primary contributor to inflation will decrease this year.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 3:45 pm