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MSFT

SONY

Sony Group Corp (NYSE:SONY) is undergoing a major restructuring, leading to the layoff of approximately 900 employees, or about 8% of its global PlayStation workforce, including the closure of its London Studio. The layoffs affect major developers like Insomniac, Naughty Dog, and Guerrilla. This decision is attributed to the need to adapt to the changing industry landscape, with some projects being canceled as a result. The gaming industry faces challenges, as seen with Microsoft Corp's (NASDAQ:MSFT) recent staff reductions. Sony's PS5 sales were lower than expected, leading to revised sales forecasts and delays in major franchise releases until after April 2025.

Portfolio Pulse from Franca Quarneti

February 27, 2024 | 7:36 pm

TMDX

TransMedics Group Inc (NASDAQ:TMDX) reported a Q4 profit with revenue of $81.2 million, up 159% Y/Y, surpassing the consensus of $68.51 million. The growth was attributed to increased use of its Organ Care System (OCS) and new logistics services. EPS was $0.12, beating the expected loss of $(0.03). The company expects FY 2024 revenues of $360-$370 million, above the consensus of $330.23 million. Oppenheimer raised TMDX's price target from $92 to $105 with an Outperform rating, and William Blair maintains an Outperform rating, highlighting the company's strong Q4 results and promising outlook.

Portfolio Pulse from Vandana Singh

February 27, 2024 | 7:33 pm

AMD

NVDA

TSM

US chipmakers, including Nvidia Corp and Advanced Micro Devices, Inc (AMD), are seeking additional federal subsidies as demand for AI technology chips surges, with requests totaling over $70 billion against the $39 billion allocated. The U.S. aims to increase domestic semiconductor production to reduce reliance on foreign chips and strengthen its supply chain. AMD is entering the AI accelerator market with its MI300 chip, targeting a market expected to exceed $400 billion in the next four years. Both AMD and Nvidia have seen significant stock gains this year, though concerns about Nvidia's valuation sustainability have been raised.

Portfolio Pulse from Anusuya Lahiri

February 27, 2024 | 7:14 pm

EVER

EverQuote (NASDAQ:EVER) has received 8 analyst ratings in the last three months, showing a positive shift with 6 bullish and 2 somewhat bullish ratings. The average 12-month price target is $18.88, marking a 45.23% increase from the previous target of $13.00. Analysts from firms like JP Morgan, Needham, B. Riley Securities, Raymond James, and Craig-Hallum have raised their price targets, reflecting optimism about EverQuote's future performance despite its recent revenue decline of -46.71% and challenges in market capitalization, revenue growth, and returns on equity and assets.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 7:00 pm

LEVI

Levi Strauss is exploring the consolidation of its North and South Europe operations into a single European cluster and is considering centralizing some functions at Global Capability Centers. The company is also revamping its global operating model and go-to-market process.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:38 pm

CMA

Analyst ratings for Comerica (NYSE:CMA) show a mix of bullish to bearish sentiments, with recent evaluations leading to an average 12-month price target of $57.5, marking a 14.0% increase from the previous target. The ratings reflect varied analyst opinions and adjustments to price targets, with actions ranging from 'Maintains' to 'Raises' and 'Lowers'. Comerica's financial performance indicates challenges, including a -12.72% decline in revenue growth and below-average net margin and ROE, suggesting potential short-term investment risks.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:01 pm

FL

Foot Locker (NYSE:FL) has been analyzed by 7 analysts, showing a shift towards a more bearish outlook in the last 30 days with an increase in bearish ratings and a significant rise in the average price target to $27.0 from $22.43. Analysts from firms like Citigroup, Piper Sandler, Morgan Stanley, Goldman Sachs, and Telsey Advisory Group have adjusted their ratings and price targets, reflecting dynamic market conditions and Foot Locker's performance. Despite these adjustments, Foot Locker faces challenges in revenue growth, net margin, ROE, ROA, and debt management, indicating potential difficulties in maintaining profitability and efficient capital utilization.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:00 pm

PWSC

Analysts have updated their ratings and price targets for PowerSchool Holdings (NYSE:PWSC), showing a mix of bullish and somewhat bullish sentiments. The average 12-month price target has been raised to $28.00, indicating a positive outlook. PowerSchool Holdings, a provider of cloud-based software for K-12 education, has shown solid revenue growth but struggles with profitability and efficiency metrics compared to industry peers.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:00 pm

AEO

American Eagle Outfitters (NYSE:AEO) has received mixed analyst ratings over the past quarter, with a shift towards a more positive outlook in recent evaluations. Analysts from Citigroup, UBS, Telsey Advisory Group, and TD Cowen have raised their price targets, reflecting an optimistic view on the company's performance and market conditions. The average 12-month price target for AEO has increased to $24.00, up from $21.00, indicating a positive sentiment among analysts. American Eagle Outfitters, a retailer with a strong presence in the U.S., Canada, Mexico, and Hong Kong, has shown notable revenue growth and financial performance, surpassing industry averages in net margin, ROE, and ROA, while maintaining a healthy debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:00 pm

ANF

Abercrombie & Fitch (NYSE:ANF) received mixed analyst ratings with an average 12-month price target of $115, marking a 19.17% increase from the previous target. Analysts from Citigroup, UBS, and Telsey Advisory Group raised their price targets, reflecting optimism about the company's performance. Abercrombie & Fitch has shown impressive financial milestones, including a 20.04% revenue growth and strong profitability indicators such as a 9.11% net margin and an 11.77% ROE.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:00 pm