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WDAY

Workday, Inc. (NASDAQ:WDAY) is expected to report higher earnings for its fiscal 2024 Q3, with analysts predicting $1.41 per share compared to $0.99 a year ago and revenues of $1.85 billion. Despite lowering its subscription growth guidance in September, analysts have updated their ratings and price targets. B of A Securities raised the target to $270, UBS to $245, Oppenheimer maintained at $255, Morgan Stanley cut to $245, and Barclays reduced to $249. Workday's stock closed slightly down at $235.83.

Portfolio Pulse from Lisa Levin

November 28, 2023 | 7:42 pm

SYF

Synchrony Financial's stock is trading higher following the announcement of an agreement to sell its subsidiary, Pets Best Insurance Services, to Poodle Holdings. The sale of Pets Best is likely to impact Synchrony's financials and strategic focus.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 7:42 pm

ATRC

Needham suggests that Medtronic's initiation of a limited US release of its Left Atrial Appendage Exclusion System could negatively impact AtriCure, as it may create an overhang on AtriCure's market share and sales.

Portfolio Pulse from Benzinga Newsdesk

November 28, 2023 | 7:32 pm

LC

Piper Sandler analyst Brad Capuzzi initiated coverage on LendingClub Corporation (NYSE:LC) with an Overweight rating and a $8 price target, citing potential earnings growth due to higher net interest margins in 2024. The growth is expected from lower funding costs, cost reductions, and moderating net charge-offs. LC's undervaluation at 0.55x P/TBV and an estimated 10% ROTCE presents a significant upside, with the possibility of further improvement through a share repurchase program and reinvestment into higher-yielding assets. Capuzzi forecasts a 40 bps NIM expansion through 2024-2025 and a 110 bps ROA expansion in 2025. FY23 revenues are expected to be $861 million with EPS of $0.31. LC shares rose 10% to $6.14.

Portfolio Pulse from Nabaparna Bhattacharya

November 28, 2023 | 7:17 pm

BA

RBC Capital Markets upgraded Boeing Company (NYSE:BA) from Sector Perform to Outperform, raising the target price from $200 to $275. The upgrade is based on a favorable outlook for 2024, despite supply chain issues and execution challenges that have previously hindered Boeing's Free Cash Flow (FCF) growth. Analysts expect ~380 737 deliveries in 2023 and 535 in 2024, contributing significantly to the FCF by 2025. Boeing's stock rose 1.48% to $222.54 following the news.

Portfolio Pulse from Vandana Singh

November 28, 2023 | 7:07 pm

MAA

Mid-America Apartment (NYSE:MAA) received 7 analyst ratings in the last quarter with 1 bullish, 5 indifferent, and 1 somewhat bearish. The average price target is $137.5, representing an implied upside from the current price of $122.22. This target has decreased by 13.18% from the previous target of $158.38. Analysts rate stocks typically once a quarter and provide insights such as earnings, revenue, and growth estimates.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 7:00 pm

ICPUSD

Internet Computer's cryptocurrency (ICP) has seen a 4.49% increase in price over the last 24 hours, reaching $4.62, continuing a positive trend with a 10% gain over the past week. Despite the recent gains, it is still far from its all-time high of $700.65. The trading volume has decreased by 13% over the past week, while the circulating supply slightly increased by 0.01%. The current market cap ranks ICP at #34, valued at $2.07 billion.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 7:00 pm

TTD

Over the past 3 months, 11 Wall Street analysts have published their opinions on Trade Desk (NASDAQ:TTD), with 5 giving a bullish and 6 a somewhat bullish rating. The average 12-month price target among these analysts is $85.91, with a high of $100.00 and a low of $70.00. This average price target represents a 14.09% decrease from the previous target of $100.00. Analysts typically review stocks quarterly or after major company updates, and their ratings are based on financial predictions and company risk assessments.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 7:00 pm

HON

Honeywell Intl (NYSE:HON) has seen an 18.75% increase in short interest since its last report, with 6.28 million shares sold short, representing 0.95% of its float. It would take 2.27 days to cover these short positions based on average trading volume. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Honeywell has less short interest compared to its peer group average of 1.43%.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 7:00 pm

CCI

Crown Castle (NYSE:CCI) has seen a decrease in short interest, with the short percent of float dropping 5.23% since the last report. The company has 5.44 million shares sold short, representing 1.45% of available shares for trading. The current short interest is below the peer group average of 4.14%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.

Portfolio Pulse from Benzinga Insights

November 28, 2023 | 7:00 pm