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IGT

Intl Game Tech (NYSE:IGT) received mixed analyst ratings over the past three months, with all five analysts giving an 'Indifferent' rating. The average 12-month price target for IGT has been lowered to $28.6, a 10.06% decrease from the previous $31.80. Analysts from firms including Stifel, Truist Securities, and Jefferies have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Despite the lowered targets, IGT shows a positive revenue trend, exceptional net margin, and strong ROE and ROA, but carries a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:01 pm

NICE

14 analysts have recently updated their ratings on NICE (NASDAQ:NICE), showing a shift towards more bullish sentiments with an increase in the average 12-month price target to $315.43 from $259.67. The updates include raised price targets and maintained ratings, reflecting positive expectations for NICE's future performance despite its financial metrics lagging behind industry benchmarks. NICE, an enterprise software company, has shown a revenue growth rate of 3.63% as of December 31, 2023, but faces challenges in net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:00 pm

INST

Instructure Holdings (NYSE:INST) has received mixed evaluations from 5 financial analysts over the past three months, with a shift towards more bullish ratings in the last 30 days. The average 12-month price target for INST has been adjusted to $30.4, up from $30.00, reflecting a 1.33% increase. Analysts from firms including Needham, Keybanc, Citigroup, and Jefferies have made adjustments to their ratings and price targets, indicating varying perspectives on the company's market performance and future potential. Instructure Holdings, an education technology company, has shown a positive revenue trend with an 8.54% growth rate as of December 31, 2023, but faces challenges with a net margin of -4.26% and below-average ROA.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:00 pm

CBSTF

Cannabist Company Holdings Inc. (OTCQX:CBSTF) reported a 76% decrease in Q4 net loss to $72.5 million and a consistent annual revenue of $511 million for 2023. The company highlighted cost reduction programs, debt retirement of $30.6 million, and a positive adjusted EBITDA of $69.6 million for the year. Despite these improvements, CBSTF shares dropped 11.7029% to $0.252 post-market close on Tuesday. The company plans to expand its retail footprint and leverage investments in cultivation and manufacturing in 2024.

Portfolio Pulse from Jelena Martinovic

March 13, 2024 | 1:00 pm

VRNS

Varonis Systems (NASDAQ:VRNS) received mixed analyst ratings with a recent shift towards more bullish perspectives. The average 12-month price target for VRNS is now $52.08, up from $41.40, indicating a 25.8% increase. Analysts from firms like Truist Securities, JP Morgan, and Wedbush have adjusted their ratings and price targets, reflecting changing market dynamics and Varonis Systems' performance. The company, a cybersecurity vendor, has shown solid revenue growth and strong net margin but faces challenges in market capitalization, ROE, and ROA compared to industry benchmarks.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:00 pm

CNX

Analyst ratings for CNX Resources (NYSE:CNX) show a mix of bullish and neutral stances, with recent updates indicating a positive shift. The average 12-month price target is $21.75, up from $21.25, with individual targets ranging from $17.00 to $28.00. Analyst actions include both raises and a lower adjustment in price targets, reflecting dynamic market conditions. CNX Resources, a natural gas and midstream company, faces challenges with a -54.31% revenue decline but shows strong profitability and financial health indicators such as a high net margin of 130.93%, ROE of 12.36%, and ROA of 6.0%.

Portfolio Pulse from Benzinga Insights

March 13, 2024 | 1:00 pm

CYRX

CryoPort's shares dropped following the announcement of disappointing Q4 financial results and FY24 revenue guidance that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 12:47 pm

SOYB

Traders have significantly increased their bearish stance on CBOT soybean futures and options, reaching a record net short position amid growing global stockpiles and shifting demand from China. China's reduced imports have pressured prices, but a recent USDA report forecasting increased Chinese imports next year has sparked a cautious optimism among investors. The Teucrium Soybean ETF (SOYB) offers a way for investors to gain exposure to soybean prices.

Portfolio Pulse from Johnny Rice

March 13, 2024 | 12:33 pm

NTWK

NETSOL Technologies, Inc. has entered into a $12 million agreement with a major global automotive company to support its operations in China. This deal underscores NETSOL's strong position in the automotive finance technology sector and its growing influence in the Chinese market.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 12:32 pm

MGIC

Magic Software Enterprises projects its 2024 revenue to be between $540M-$550M, surpassing the estimated $493.59M. This forecast represents a 7.5% to 9.5% growth compared to the annualized 2023 fourth quarter revenue.

Portfolio Pulse from Benzinga Newsdesk

March 13, 2024 | 12:17 pm