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Revenues

MCD

The U.S. now has nearly 15,000 cannabis dispensaries, surpassing the approximately 13,500 McDonald's locations. This reflects a major shift in consumer trends, with 54% of Americans living in areas where recreational marijuana is legal, and 74% in states where it's legal for either recreational or medical use. California has the most dispensaries, while Oklahoma has the highest number per capita. New Jersey and Delaware are making strides in cannabis regulation, with New Jersey introducing digital medicinal cannabis patient cards.

Portfolio Pulse from Nicolás Jose Rodriguez

March 01, 2024 | 10:48 pm

MPU

Mega Matrix Corp. (NYSE:MPU), owner of FlexTV, announced unaudited revenue of ~$6M for Jan-Feb 2024, marking a 356% increase from Nov-Dec 2023. FlexTV's success follows its acquisition by MPU and includes significant growth in its short drama business. The company highlighted the global reach of FlexTV, available in over 100 countries, and its optimistic outlook for Q1 fiscal 2024.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 9:22 pm

VOYA

Voya Financial (NYSE:VOYA) has been analyzed by 4 analysts, showing a shift towards a somewhat bullish stance with 3 somewhat bullish and 1 indifferent rating. The average 12-month price target has been adjusted to $80.5, marking a 2.62% decrease. Analysts from Morgan Stanley, RBC Capital, and Goldman Sachs have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Voya Financial's financial indicators such as revenue growth, net margin, ROE, and ROA outperform industry averages, suggesting strong financial health.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 8:03 pm

LLY

Eli Lilly and Co (NYSE:LLY) has been evaluated by 18 analysts over the last three months, showing a diverse range of opinions. The average 12-month price target for LLY has increased to $781.94 from $701.64, indicating a bullish sentiment among analysts. Key financial indicators such as market capitalization, revenue growth, net margin, ROE, and ROA highlight Eli Lilly's strong market position and financial performance, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 8:02 pm

SHW

Sherwin-Williams (NYSE:SHW) received diverse analyst ratings over the past quarter, with 11 analysts offering opinions ranging from bullish to bearish. The average 12-month price target for SHW is $329.82, marking a 6.74% increase from the previous target of $309.00. Analyst actions include both upgrades and downgrades, reflecting changing market conditions and company performance. Sherwin-Williams, a leading provider of architectural paint in the U.S., has shown impressive financial health indicators, including revenue growth, net margin, ROE, and ROA, despite challenges in debt management.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 8:01 pm

APD

Air Products & Chemicals (NYSE:APD) was analyzed by 7 analysts, showing a mix of ratings but no changes in the last 30 days. The average 12-month price target is now $257.86, down 13.03% from $296.50. Analysts have lowered their price targets, reflecting adjustments to market conditions and company performance. Air Products, a leading industrial gas supplier, reported a revenue decline of -5.58% for the quarter ending December 31, 2023, but has strong profitability indicators like a net margin of 20.33% and ROE of 4.18%.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 8:00 pm

CELH

ROTH MKM analyst Sean McGowan reiterated a Buy rating on Celsius Holdings, Inc. (NASDAQ:CELH), raising the forecast to $90. Celsius Holdings surpassed Q4 earnings estimates with a 95% year-over-year revenue increase, driven by distribution expansion, increased shelf space, and high retail sales velocity. McGowan projects future growth from further shelf space gains, velocity, and international expansion, forecasting a revenue growth of just under 50% in 2024. Despite favorable cost trends, international expansion costs are expected to offset gains, with gross margin percentages projected just below 48% in '24 and '25. CELH shares dropped 4.72% to $77.77.

Portfolio Pulse from Nabaparna Bhattacharya

March 01, 2024 | 7:13 pm

HPE

Five analysts have recently updated their ratings on Hewlett Packard (NYSE:HPE), showing a shift towards a more bearish sentiment with a decrease in the average price target by 11.58% to $16.8. The updates include lowered price targets by analysts from Stifel, Wells Fargo, Evercore ISI Group, Barclays, and Bernstein, reflecting changes in market conditions and company performance. Despite a decline in revenue by -6.61% and challenges in debt management, HPE maintains a strong net margin and ROA, indicating effective cost management and asset utilization.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 7:02 pm

PNTG

Five financial analysts have recently updated their ratings and price targets on Pennant Group Inc (NASDAQ:PNTG), showing a shift towards a more bullish outlook. The average 12-month price target has been raised to $19.4, indicating a 16.38% increase from the previous target of $16.67. Analysts from firms including Oppenheimer and Truist Securities have adjusted their ratings, with actions ranging from maintaining to raising price targets. Pennant Group, a provider of healthcare services, has shown positive financial performance with a notable revenue growth rate of 18.46% as of September 30, 2023, and a net margin of 3.13%, outperforming industry benchmarks.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 7:02 pm

DOW

Analyst ratings for Dow (NYSE:DOW) have varied over the last quarter, with a recent average 12-month price target of $57.00, marking a 2.89% increase from the previous target of $55.40. Recent analyst actions include adjustments to ratings and price targets by firms such as Barclays, JP Morgan, and Wells Fargo, reflecting changing market conditions and Dow's performance. Despite facing revenue challenges with a -10.44% decline, Dow's financial health remains strong, indicated by its net margin, ROE, ROA, and a debt-to-equity ratio below industry norms.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 7:01 pm