Streetbeat News

Revenues

AULT

Ault Alliance has issued a letter to its stockholders addressing current market conditions and its business plan. The company projects its revenue to exceed $200 million in 2023 and expects further growth over the next three years.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2023 | 10:43 am

DIS

Disney Star, the Indian arm of Walt Disney Co (NYSE:DIS), is projected to earn approximately $480 million in ad revenue from the ICC Men's World Cup 2023, which it holds the media rights for. The company has already secured 24 sponsors and over 500 advertisers for the event, with negotiations for additional sponsorships ongoing. Disney Star's reach includes a TV network with over 700 million viewers and a streaming platform with over 500 million downloads.

Portfolio Pulse from Benzinga India Staff

October 04, 2023 | 10:41 am

AMZN

Mizuho analyst James Lee reiterated a Buy rating on Amazon.Com, Inc (NASDAQ: AMZN) with a price target of $180. Lee is confident about AWS revenue acceleration into FY24 and maintained AMZN as his top pick. He sees significant revenue opportunities at $25 billion per year over the next 5 years. Lee projects 3Q revenue of $141.39 billion vs. consensus of $141.5 billion and EPS of $0.62 vs. consensus of $0.58.

Portfolio Pulse from Anusuya Lahiri

October 03, 2023 | 8:38 pm

ATHX

Athersys has licensed its animal health assets to Ardent Animal Health. The agreement includes an initial fee, pre and post-regulatory milestone payments, and royalties on commercial sales.

Portfolio Pulse from Bill Haddad

October 03, 2023 | 8:32 pm

MIND

MIND Technology's Seamap unit has received orders totaling $3.4M for its BuoyLink GNSS Positioning Systems.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 8:22 pm

TAP

Molson Coors Beverage Company projects low-single-digit annual net sales revenue growth and mid-single-digit annual underlying income before income taxes growth, both on a constant currency basis.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 7:37 pm

SEIC

Piper Sandler analyst Crispin Love has reiterated a Neutral rating on SEI Investments Company (SEIC), lowering the price target to $64 from $65. The analyst notes slowed revenue growth for SEI Investments over the past several quarters, but appreciates the company's strong operating margins. SEI aims to double its revenue to $4 billion by 2027-2029.

Portfolio Pulse from Nabaparna Bhattacharya

October 03, 2023 | 7:06 pm

USO

XOM

Exxon's Baytown Texas crude unit is expected to remain shut down through October, according to Reuters. This could potentially impact the company's production and revenue.

Portfolio Pulse from Benzinga Newsdesk

October 03, 2023 | 6:39 pm

GOOGL

Piper Sandler analyst Thomas Champion reiterated an Overweight rating on Alphabet Inc (NASDAQ:GOOGL) with a price target of $147. He expects Alphabet to be a major player in AI and sees new product opportunities. He raised CAPEX Google Cloud revenue for FY24E and FY25E and increased near-term YouTube revenues. He also sees an improving picture for core Search and new Cloud/AI revenue streams emerging.

Portfolio Pulse from Anusuya Lahiri

October 03, 2023 | 6:34 pm

ODD

Truist Securities analyst Youssef Squali upgraded the rating on ODDITY Tech Ltd (NASDAQ:ODD) to Buy from Hold and maintained a price target of $54. The upgrade is based on the company's positive pre-announced Q3 FY23 results and raised outlook for net revenue growth and gross margin. The analyst expects the company to witness revenue growth of 49.7% y/y in FY23.

Portfolio Pulse from Lekha Gupta

October 03, 2023 | 6:28 pm