Streetbeat News

Revenues

FWRG

Stephens & Co. analyst Jim Salera initiated coverage on First Watch Restaurant Group, Inc. (NASDAQ:FWRG) with an Overweight rating and a $20 price target. Despite tough macro conditions, First Watch is expected to achieve significant growth, aiming for over 2,200 domestic locations. The analyst forecasts annual revenue growth in the low double digits, driven by unit growth and same-store sales. However, challenges such as a tough consumer environment and Hurricane Milton could impact revenue.

Portfolio Pulse from Nabaparna Bhattacharya

October 17, 2024 | 6:22 pm

KONMY

Konami Group ADR (OTC:KONMY) and Bloober Team have sold 1 million copies of the Silent Hill 2 remake in just four days. The game is available on PC and PS5, with no Xbox release announced yet. The success may influence future franchise plans, including other remakes and a film adaptation.

Portfolio Pulse from Franca Quarneti

October 17, 2024 | 6:19 pm

ELV

EVH

Elevance Health Inc. (NYSE:ELV) reported Q3 revenues of $44.7 billion, surpassing expectations but with a lower EPS forecast. Evolent Health, Inc (NYSE:EVH) is also trading lower due to mixed earnings and guidance from Elevance. Both companies face challenges related to Medicaid utilization and medical cost pressures.

Portfolio Pulse from Vandana Singh

October 17, 2024 | 6:11 pm

ECL

Ecolab (NYSE:ECL) has outperformed the market over the past 20 years with an average annual return of 10.81%, surpassing the market by 2.18% annually. A $1000 investment in ECL 20 years ago would now be worth $7,968.08, highlighting the power of compounded returns.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 6:07 pm

VRTX

Vertex Pharmaceuticals (NASDAQ:VRTX) has received 19 analyst ratings over the past three months, with a mix of bullish, somewhat bullish, indifferent, and bearish perspectives. The average 12-month price target has increased by 6.49% to $498.84. Analysts have adjusted their ratings and price targets based on recent developments, reflecting their views on Vertex's market performance. Despite positive revenue growth, Vertex faces challenges with profitability and returns on equity and assets.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 6:00 pm

VIRT

In the past three months, 8 analysts have provided ratings on Virtu Financial (NASDAQ:VIRT), with a mix of bullish and indifferent sentiments. The average 12-month price target has increased by 15.42% to $31.88. Analysts have adjusted their ratings and price targets, reflecting changing market dynamics and company performance. Virtu Financial has shown a positive revenue trend but faces challenges with net margin and debt management.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 6:00 pm

RRR

Red Rock Resorts (NASDAQ:RRR) has been analyzed by 10 analysts, showing a range of perspectives from bullish to bearish. The average 12-month price target is $63.7, with a high of $70.00 and a low of $56.00. Recent analyst actions include both raises and lowers in ratings and price targets. The company has shown strong financial performance with a 16.89% revenue growth rate, a net margin of 7.33%, and an ROE of 24.25%, but faces challenges in debt management.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 6:00 pm

LDOS

Leidos has been awarded a $248 million contract by the U.S. Navy to provide autonomous systems design and engineering. This contract highlights Leidos' capabilities in advanced technology and defense sectors.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2024 | 5:57 pm

AAPL

NVDA

TSM

Taiwan Semiconductor Manufacturing Co (TSM) reported strong Q3 results, driven by demand for 3nm and 5nm technologies, particularly from Apple. The company expects AI revenue to triple and has raised its full-year revenue growth target. TSM's stock surged 11.7% following the announcement.

Portfolio Pulse from Anusuya Lahiri

October 17, 2024 | 5:33 pm

LIN

Linde (NASDAQ:LIN) has significantly outperformed the market over the past 20 years, with an annualized return of 12.95%. A $1000 investment in Linde 20 years ago would be worth $11,613.16 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

October 17, 2024 | 5:32 pm