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Revenues

RIVN

Rivian Automotive (NASDAQ:RIVN) has received mixed analyst ratings over the last three months, with a current average 12-month price target of $20.14, down 19.98% from the previous $25.17. Analysts from firms including Barclays, Goldman Sachs, Needham, Deutsche Bank, and Stifel have adjusted their ratings and price targets, reflecting diverse perspectives on the company's performance and market standing. Rivian's financial indicators show a significant revenue growth rate of 149.44% as of September 30, 2023, but challenges in net margin, ROE, and ROA. The company's market capitalization and debt management are also highlighted.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 12:00 pm

MLM

Martin Marietta Materials (MLM) has agreed to purchase 20 active aggregates operations located in Alabama, South Carolina, South Florida, Tennessee, and Virginia from Blue Water Industries for $2.05 billion in cash. This acquisition, along with the recent purchase of Albert Frei & Sons, Inc. in Colorado, adds about 1 billion tons of high-quality reserves to MLM's portfolio and is expected to generate over $180 million in annualized EBITDA.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 11:58 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) used car prices have dropped significantly, with a 50% decline from a mid-2022 peak, reflecting the impact of the company's recent price cuts and broader market trends. The average used Tesla car price fell to $33,913, with notable declines in Model X and Model S prices. This trend is attributed to higher interest rates, improved new car supply, and price cuts by automakers, especially in the EV sector. Tesla's price reductions, including a recent $1,000 discount on the Model Y, could affect automakers' profits and influence new car purchase decisions due to lower resale values.

Portfolio Pulse from Shanthi Rexaline

February 12, 2024 | 7:40 am

SGAMY

Sega Sammy Holdings Inc - ADR (OTC:SGAMY) issued a financial warning due to disappointing holiday sales in 2023, citing weak sales of new games and losses from inventory write-downs. The company highlighted sluggish sales in Europe and the US, attributing it to economic challenges like inflation. Despite some successful titles, Sega does not expect to offset the lower sales and profits for the financial year. The company is undergoing structural reforms, including project cancellations and management changes.

Portfolio Pulse from Franca Quarneti

February 10, 2024 | 2:04 pm

DIS

PLTR

PYPL

TSLA

Benzinga's analysis highlights the S&P 500 and Nasdaq 100's positive performance, driven by AI optimism. Treasury Secretary Janet Yellen expressed concerns about digital assets and the commercial real estate sector, advocating for regulatory action and fiscal sustainability. Bullish views were shared on Tesla, Palantir, and a meme coin named Floki, while bearish perspectives focused on the market dominance of tech giants, Disney's diversity policies, and PayPal's conservative outlook for 2024.

Portfolio Pulse from Michael Cohen

February 10, 2024 | 1:39 pm

AAPL

AMZN

GOOG

GOOGL

META

MSFT

NVDA

TSLA

The escalating geopolitical tensions between China and Taiwan pose a significant risk to the Magnificent Seven tech giants, including Apple, Amazon, NVIDIA, Tesla, Meta Platforms, Alphabet, and Microsoft, as per Jeremy Grantham's GMO. These companies, with substantial revenue exposure and ties to Taiwan's chip industry, could face challenges in accessing crucial technologies for AI development.

Portfolio Pulse from Ananya Gairola

February 10, 2024 | 3:59 am

AAPL

Sam Altman, co-founder of OpenAI, praised Apple Inc.'s (NASDAQ:AAPL) Vision Pro, a mixed reality headset, as the second most impressive technology since the iPhone. The device, priced at $3,500, has received endorsements from various high-profile individuals, including James Cameron and former Apple CEO John Sculley. The Vision Pro has generated significant buzz since its pre-order launch in January, with sales exceeding expectations. Nearly 180,000 units were sold through pre-orders, surpassing the anticipated 70,000 to 80,000 units.

Portfolio Pulse from Rounak Jain

February 10, 2024 | 2:11 am

PSTG

In the past three months, 8 analysts have updated their ratings on Pure Storage (NYSE:PSTG), showing a mix of bullish and somewhat bullish perspectives. The average 12-month price target is now $42.62, a slight decrease from the previous $43.50. Analysts have adjusted their ratings and price targets in response to market conditions and company performance, with some raising and others lowering their expectations. Pure Storage has shown strong financial performance, with notable revenue growth, high net margin, and effective debt management.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 9:00 pm

TPX

Analyst evaluations of Tempur Sealy Intl (NYSE:TPX) over the last three months show diverse outlooks, with recent updates indicating a bullish trend. The average 12-month price target has been raised to $57.0, marking a 20% increase from the previous target of $47.50. Key analysts from firms like Keybanc, Raymond James, and Piper Sandler have raised their price targets, reflecting positive sentiment towards TPX's market position and financial health, despite a slight revenue decline of -0.48% in the last quarter.

Portfolio Pulse from Benzinga Insights

February 09, 2024 | 9:00 pm

AYRWF

CURLF

GTBIF

PLNHF

VRNOF

As Super Bowl LVIII approaches in Las Vegas, Nevada's cannabis industry is poised to benefit from increased visitor traffic, thanks to legislative reforms and strategic market positioning. The state has raised legal possession limits and removed medical license requirements for retailers. Nevada's cannabis market, valued at $850 million, is stabilizing with slight sales fluctuations but overall strong economic indicators. The market features 104 dispensaries with high revenue per store and wholesale prices. Leading brands and public multi-state operators (MSOs) like AYR Wellness, Curaleaf Holdings, Green Thumb Industries, and Planet 13 Holdings are key players. Planet 13 stands out for maintaining its market share and enhancing customer experience with innovative offerings.

Portfolio Pulse from Nicolás Jose Rodriguez

February 09, 2024 | 8:58 pm