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MRVL

Goldman Sachs analyst Toshiya Hari has maintained a Buy rating on Marvell Tech (NASDAQ:MRVL) and increased the price target from $74 to $84. This adjustment reflects a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 11:32 am

PBR

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) reported Q4 earnings with an EPS of $0.96, missing estimates by -7%, and a revenue decrease of $3.06 billion from the previous year. The company's past earnings miss was followed by a 10% share price drop.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 11:30 am

ALK

Boeing Company (NYSE:BA) is revising its bonus structure to prioritize safety and quality, making them account for 60% of the payout in its commercial unit. This change, affecting over 100,000 nonunion employees, comes after safety incidents and FAA concerns. Alaska Air Group Inc (NYSE:ALK) experienced a door panel detachment on a 737 MAX 9, highlighting the safety issues. Boeing's shares dropped 0.99% in premarket trading.

Portfolio Pulse from Shivani Kumaresan

March 08, 2024 | 11:24 am

AVGO

JP Morgan analyst Harlan Sur maintains an Overweight rating on Broadcom (NASDAQ:AVGO) and raises the price target from $1550 to $1700.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 11:00 am

AMD

SPY

The article celebrates Women's Day by highlighting the investment returns from female-led S&P 500 companies over the past year. Advanced Micro Devices, Inc. (AMD), led by Dr. Lisa Su, showcased the highest return of 160.45%. The article also notes that women CEOs represent only 8.2% of S&P 500 companies. In premarket trading, the SPDR S&P 500 ETF Trust (SPY) saw a slight increase of 0.16%.

Portfolio Pulse from Shanthi Rexaline

March 08, 2024 | 10:57 am

ASAN

Asana, Inc. (NYSE:ASAN) is anticipated to report a narrower Q4 loss of 10 cents per share compared to last year's 15 cents, with revenue expected at $167.68 million, up from $150.23 million. Following better-than-expected Q3 results, ASAN shares rose 1.1%. Analysts have updated their ratings, with Piper Sandler maintaining an Underweight rating but raising the price target to $18, Morgan Stanley maintaining an Equal-Weight rating with a price target cut to $21, HSBC downgrading to Reduce with an $18 target, and Citigroup maintaining a Neutral rating with a target cut to $20.

Portfolio Pulse from Avi Kapoor

March 08, 2024 | 10:54 am

ASLE

BBAI

COST

MDB

MRVL

PBR

RDNT

RWAY

AerSale Corporation reported disappointing Q4 financial results, leading to a 19.4% drop in pre-market trading. Other stocks like BigBear.ai, Petrobras, MongoDB, RadNet, Runway Growth Finance, Marvell Technology, and Costco also saw declines due to various negative financial updates.

Portfolio Pulse from Avi Kapoor

March 08, 2024 | 10:54 am

RIVN

TSLA

Tesla and Rivian both held significant livestream events, with Tesla's Model 3 update drawing 2.4 million views on X, overshadowing Rivian's R2 SUV unveiling which attracted over 350,000 views across X and YouTube. Despite Tesla's larger social media following, Rivian's R2 generated more focused search interest according to Google Trends. Both companies are competing in similar price brackets with their electric vehicles, with Rivian's R2 and R3 targeting the same market as Tesla's Model Y and Model 3.

Portfolio Pulse from Anan Ashraf

March 08, 2024 | 10:24 am

KRC

RBC Capital analyst Michael Carroll downgraded Kilroy Realty (NYSE:KRC) from Outperform to Sector Perform and reduced the price target from $44 to $39.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 9:23 am

COIN

Goldman Sachs analyst Will Nance upgraded Coinbase Global (NASDAQ:COIN) from Sell to Neutral and set a price target of $282.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 9:08 am