Streetbeat News

Revenues

PGR

Progressive (NYSE:PGR) has received mixed analyst ratings over the last quarter, with a total of 9 analysts offering varied perspectives. The recent updates show a shift towards more bullish sentiments, with price targets being raised by several analysts, indicating a positive outlook on the stock. The average 12-month price target is now $191.89, up from $182.14, suggesting a 5.35% increase. Progressive's financial performance shows strong revenue growth and ROE, but challenges in net margin and debt management.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 1:02 pm

TOST

In the last three months, 11 analysts have shared their views on Toast (NYSE:TOST), with ratings ranging from bullish to bearish. The average 12-month price target is $21.45, marking a 27.45% increase from the previous target of $16.83. Analysts have adjusted their ratings and price targets based on market dynamics and company performance. Toast, a U.S.-based restaurant technology company, has shown a revenue growth rate of 34.9% as of December 31, 2023, but faces challenges with below-average net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 1:02 pm

MTDR

Matador Resources (NYSE:MTDR) has received mixed analyst ratings over the past quarter, with recent evaluations adjusting price targets and ratings. The average 12-month price target is now $68.4, down from $74.00, reflecting a 7.57% decline. Analysts from firms like TD Cowen, Benchmark, Keybanc, Raymond James, and Mizuho have made adjustments based on the company's performance and market conditions. Matador Resources, an independent energy company, has shown solid revenue growth and exceptional net margin but faces challenges with ROE, ROA, and high debt levels.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 1:01 pm

LYFT

15 analysts have recently reviewed Lyft (NASDAQ:LYFT), showing a mix of bullish and bearish sentiments. The average 12-month price target is $15.33, marking a 19.39% increase from the previous target of $12.84. Analysts from firms like RBC Capital, Barclays, and UBS have raised their price targets, reflecting optimism about Lyft's future performance. Despite a challenging market, Lyft's revenue growth and financial management indicators like net margin, ROE, and ROA show positive trends, suggesting a strong market position.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 1:01 pm

AI

C3.ai (NYSE:AI) received mixed analyst ratings with a trend towards neutral positions. Six analysts provided ratings, with five being indifferent and one somewhat bearish. The average 12-month price target is $27.67, showing a 6.42% increase from the previous $26.00. Analysts from firms like Piper Sandler and B of A Securities adjusted their price targets, reflecting a nuanced view of C3.ai's market performance. Despite a positive revenue trend, C3.ai's financial indicators such as net margin and ROE lag behind industry averages, suggesting challenges ahead.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 1:00 pm

SVFD

Save Foods announced its subsidiary, Plantify Foods, which it owns 23% of, has secured a new retailer, expanding its market presence in Israel. This development could enhance Save Foods' market position and financial performance.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 12:25 pm

IRDM

Iridium Communications Inc. has announced an agreement to acquire the remaining approximately 80% stake in Satelles for about $115 million. This acquisition will introduce Satellite Time and Location as a new business line for Iridium, led by Satelles CEO Dr. Michael O'Connor. Iridium, which already owned about 20% of Satelles from previous investments, will assume all rights to Satelles' patent portfolio. The company expects the Iridium STL business to generate over $100 million in service revenue annually by 2030, in addition to revenue from equipment and engineering. The acquisition will be financed through an addition to Iridium's term loan.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 12:11 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares are down over 1% in premarket trading due to disappointing sales figures in China for February. The company sold 60,365 electric vehicles, marking a 15.51% sequential drop and an 18.9% year-over-year decline. This underperformance is attributed partly to the timing of the Chinese New Year holidays. Comparatively, Chinese EV startups Li Auto, Nio, XPeng, and BYD also reported declines, with Tesla's drop being less steep. Concerns are raised about Tesla's Q1 sales, with challenges noted in the U.S., China, and Europe.

Portfolio Pulse from Shanthi Rexaline

March 04, 2024 | 12:06 pm

CCCC

MKKGY

C4 Therapeutics has signed a license agreement with Merck KGaA to discover two targeted protein degraders against oncogenic proteins. C4 Therapeutics will receive $16M upfront and could get up to $740M in milestone payments.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 12:05 pm

EPAM

EPAM Systems (NYSE:EPAM) received mixed analyst ratings with an upward trend in price targets, indicating a positive outlook. The average 12-month price target is $330.88, reflecting an 11.41% increase from the previous $297.00. Analyst actions include maintaining and raising ratings, with price targets ranging from $250.00 to $369.00. EPAM faces challenges in market capitalization, revenue growth, and profitability but excels in ROA and has a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 12:01 pm