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Revenues

STR

Analysts have recently updated their ratings and price targets for Sitio Royalties (NYSE:STR), with 4 analysts offering a range of bullish to somewhat bullish opinions. The average 12-month price target is now $28.75, down from the previous $32.33, indicating a potential decrease in stock value. Analysts from Truist Securities, Piper Sandler, Stifel, and Keybanc have adjusted their price targets and ratings, reflecting their current views on the company's performance and market conditions. Sitio Royalties, a mineral and royalty company, has shown a revenue growth rate of 35.68% as of September 30, 2023, but has below-average net margin and ROE, indicating profitability challenges.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 5:00 pm

SKX

Analysts have recently updated their ratings and price targets for Skechers USA (NYSE:SKX), with a general trend towards bullishness. Over the past three months, 4 analysts have provided ratings, with 1 bullish and 3 somewhat bullish. In the last 30 days, there has been one additional somewhat bullish rating. The average 12-month price target is now $69.25, up from the previous $59.75, indicating a 15.9% increase. Skechers USA's financial performance shows a solid revenue growth rate of 7.8%, a net margin of 7.18%, and an ROA of 2.03%, but a lower-than-average ROE of 3.73%. The company has a prudent debt-to-equity ratio of 0.42.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 5:00 pm

UPS

United Parcel Service Inc. (NYSE:UPS) shares fell sharply after reporting lower-than-expected revenues and future guidance. The company announced a reduction of 12,000 jobs to save costs, with labor contract-related costs exceeding estimates by $500 million. UPS's Q4 revenues were $24.9 billion, down from $27 billion, and full-year sales declined by 9.3% to $90.96 billion. The 2024 revenue forecast is set between $92 billion and $94.5 billion, below analysts' expectations of $95.57 billion, with a projected adjusted operating margin of 10% to 10.6%.

Portfolio Pulse from Piero Cingari

January 30, 2024 | 4:34 pm

CVLT

Commvault reported that its Q3 Annual Recurring Revenue (ARR) reached $752 million, marking a 17% increase year-over-year.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 4:33 pm

BLOK

GRDI

MARA

RIOT

Bitcoin mining company GRIID Infrastructure (NASDAQ:GRDI) saw its stock drop 54% in two days after listing on Nasdaq through a merger with SPAC Adit EdTech. The company, which operates in New York and Tennessee, aims to grow its capacity and hash rate. GRIID utilizes 67% carbon-free power and reported $2.6 million in Q3 2023 revenue. The market context includes a $525 million credit facility from Blockchain.com and an upcoming Bitcoin halving event. Other mining stocks like Marathon Digital (NASDAQ:MARA) and Riot Platforms (NASDAQ:RIOT) also experienced declines this year. Analysts from Compass Point Research and Amplify Transformational Data Sharing ETF (NYSE:BLOK) commented on the sector's challenges and potential.

Portfolio Pulse from Murtuza Merchant

January 30, 2024 | 4:10 pm

SOFI

SoFi Technologies Inc (NASDAQ:SOFI) reported its first-ever positive EPS and a revenue surprise of 3.98% for Q4. Management expects a 20-25% Revenue CAGR over 2023-2026, with significant growth across all business segments. The bullish outlook has boosted investor sentiment, reflected in discussions on Reddit and Twitter. Despite high current P/E valuations, forward valuations are expected to improve with anticipated earnings growth.

Portfolio Pulse from Surbhi Jain

January 30, 2024 | 4:04 pm

BAH

Booz Allen Hamilton (NYSE:BAH) has been analyzed by 4 analysts, with a mix of ratings from bullish to indifferent. The average 12-month price target is now $149.75, up 10.72% from the previous $135.25. Analysts from Wells Fargo, Goldman Sachs, and Truist Securities have raised their price targets, while Matthew Akers of Wells Fargo also lowered one. Booz Allen Hamilton provides consulting services to the U.S. government and other sectors, with strong financial indicators such as a 12.86% revenue growth rate, a net margin of 5.62%, and an ROE of 13.38%, but a high debt-to-equity ratio of 3.35.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 4:00 pm

BIGC

Six analysts have recently updated their ratings on BigCommerce Holdings (NASDAQ:BIGC), with 4 bullish and 2 indifferent ratings. The average 12-month price target is now $15.42, up from $12.50, with a high estimate of $20.00 and a low of $10.00. Analysts from Needham, Piper Sandler, Goldman Sachs, and Truist Securities have maintained or lowered their price targets. BigCommerce's revenue growth is 7.81%, but it has a net margin of -26.02%, ROE of -86.8%, ROA of -4.5%, and a high debt-to-equity ratio of 17.63.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 4:00 pm

BEN

Six financial analysts have provided mixed ratings for Franklin Resources (NYSE:BEN), with no bullish ratings, four indifferent, and two somewhat bearish. The average 12-month price target for BEN has increased by 14.75% to $28.00, with a high estimate of $32.00 and a low of $22.00. Analysts from BMO Capital, Morgan Stanley, UBS, Wells Fargo, and TD Cowen have adjusted their ratings and price targets, reflecting their latest views on the company's performance. Franklin Resources manages $1.335 trillion in assets and has shown a revenue growth rate of 2.43% as of September 30, 2023, but trails behind its peers in the Financials sector and has below-average net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 4:00 pm

EXR

Extra Space Storage (NYSE:EXR) has been evaluated by 7 financial analysts, with a mix of opinions ranging from bullish to indifferent. The average 12-month price target for EXR is $159.71, up 9.52% from the previous target of $145.83. Analysts from firms like Deutsche Bank, Goldman Sachs, Truist Securities, Morgan Stanley, Wells Fargo, and Stifel have adjusted their ratings and price targets, reflecting their views on the company's market position and financial performance. Extra Space Storage is a REIT with a strong market presence, significant revenue growth, high net margin, and effective asset utilization, but with a lower ROE than industry benchmarks.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 4:00 pm