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Revenues

ADC

12 analysts have recently shared mixed evaluations of Agree Realty (NYSE:ADC), with a consensus 12-month price target of $65.79, down from $66.00. The ratings range from bullish to indifferent, with recent actions including both raises and lowers in ratings and price targets by notable firms. Agree Realty, a real estate investment trust, has shown a revenue growth of 23.71% but faces challenges in profitability and efficiency, with below-industry averages in net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 3:00 pm

STVN

Stevanato projects FY24 revenue to be between €1.180B and €1.210B, slightly below the €1.22B estimate. The company also forecasts adjusted EBITDA to range from €314.1M to €329.5M and adjusted EPS to be between €0.62 and €0.66, which is below the €0.67 estimate.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:39 pm

CODX

Co-Diagnostics, Inc.'s joint venture, CoSara, has received regulatory clearance from Indian authorities for its Influenza Multiplex PCR Test. This approval allows CoSara to market and distribute the test in India, potentially expanding Co-Diagnostics' market presence and revenue streams in the region.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 2:31 pm

AMGN

AZN

BMY

JNJ

LLY

MRK

NVS

President Joe Biden is proposing to increase the number of prescription drugs subject to Medicare negotiation from 20 to 50 annually by 2029, aiming to reduce medication costs for seniors. This expansion is part of a broader initiative to cut federal spending by $200 billion and includes capping Medicare copayments and extending out-of-pocket cost caps. The pharmaceutical industry is expected to oppose this move, which could significantly impact their profits.

Portfolio Pulse from Vandana Singh

March 07, 2024 | 2:15 pm

CRCT

Recent financial analyst evaluations of Cricut (NASDAQ:CRCT) show a predominantly neutral to somewhat bearish outlook, with a shift towards lower price targets over the last three months. The average 12-month price target has decreased by 20.64% to $5.69, reflecting changing market dynamics and company performance. Cricut's financial performance indicates challenges in revenue growth but strong net margin, ROE, and ROA, suggesting effective cost management and asset utilization.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 2:01 pm

NTST

Netstreit (NYSE:NTST) has received mixed analyst ratings over the past three months, with a recent positive shift in sentiment. Four analysts have provided ratings, with a consensus 12-month price target of $18.00, up 16.13% from the previous $15.50. The ratings range from 'Buy' to 'Underweight', reflecting diverse perspectives. Netstreit, a real estate investment trust, has shown notable revenue growth of 30.94% as of December 31, 2023, but struggles with below-average profitability and efficiency metrics.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 2:00 pm

JD

JD.com (NASDAQ:JD) received mixed analyst ratings in the last quarter, with a shift towards more bullish views in the last 30 days. The average 12-month price target is now $36.8, down from $39.60, indicating a 7.07% decrease. Analysts from HSBC, Mizuho, Barclays, and Citigroup have updated their ratings and price targets, reflecting changes in market conditions and JD.com's performance. Despite a positive revenue growth rate of 1.71% as of September 30, 2023, JD.com's market capitalization and revenue growth lag behind industry peers. However, the company demonstrates strong financial health with exceptional net margin, ROE, and ROA, and maintains a balanced debt approach.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 2:00 pm

WCC

Analyst ratings for WESCO Intl (NYSE:WCC) show a mix of bullish to bearish sentiments, with a recent shift towards more cautious outlooks. The average 12-month price target has been reduced by 5.84% to $178.43. Despite some analysts raising their price targets, others have lowered theirs, reflecting a nuanced view of the company's future performance. WESCO Intl faces challenges such as a decline in revenue growth, below-average net margin, and ROE, indicating potential difficulties ahead.

Portfolio Pulse from Benzinga Insights

March 07, 2024 | 2:00 pm

IDT

SE

SPHR

As of March 7, 2024, IDT Corporation, Sphere Entertainment Co., and Sea Limited are highlighted as overbought stocks in the communication services sector, with RSI values indicating potential short-term performance concerns. IDT and Sphere Entertainment reported significant revenue milestones and growth, while Sea Limited announced its first full year of annual profit since IPO. Their recent price actions and high RSI values suggest caution for momentum investors.

Portfolio Pulse from Avi Kapoor

March 07, 2024 | 1:54 pm

QSG

QuantaSing, identified by the ticker QSG, has projected its revenues for Q3 2024 to be between RMB900 million and RMB930 million, marking an 11.5% to 15.2% year-over-year increase.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:54 pm