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CXM

Sprinklr Inc (NYSE:CXM) shares plummeted over 20% despite reporting Q3 FY24 results that exceeded consensus estimates. Revenue increased by 18% Y/Y to $186.3 million, surpassing the expected $180.4 million. Subscription revenue grew by 22% Y/Y, and both RPO and cRPO saw significant year-over-year increases. Non-GAAP operating income and adjusted EPS also beat expectations. The company raised its FY24 revenue and EPS guidance. However, shares dropped to $13.10 in premarket trading.

Portfolio Pulse from Lekha Gupta

December 07, 2023 | 10:47 am

SNDR

Wells Fargo analyst Allison Poliniak Cusic upgraded Schneider National (NYSE:SNDR) from Underweight to Equal-Weight and increased the price target from $23 to $25.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 10:45 am

VTGN

Jefferies analyst Andrew Tsai has upgraded Vistagen Therapeutics (NASDAQ: VTGN) from Hold to Buy and significantly increased the price target from $0.2 to $15.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 10:35 am

BVS

Canaccord Genuity analyst William Plovanic upgraded Bioventus (NASDAQ:BVS) from Hold to Buy and increased the price target from $3.66 to $7, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 10:31 am

AI

CHWY

CXM

ETNB

GME

MOR

NKLA

VEEV

WVE

Sprinklr, Inc. reported Q3 earnings of 6 cents per share, missing estimates by 1 cent, despite beating sales expectations with $186.32 million. The stock fell 20.4% in pre-market trading. Other stocks experiencing pre-market losses include Wave Life Sciences, Nikola Corporation, Chewy, C3.ai, GameStop, 89bio, MorphoSys AG, and Veeva Systems, each for various reasons such as financial results, public offerings, and guidance updates.

Portfolio Pulse from Avi Kapoor

December 07, 2023 | 10:27 am

CAR

Goldman Sachs analyst Lizzie Dove has initiated coverage on Avis Budget Group (NASDAQ:CAR) with a Sell rating and set a price target of $164.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 10:26 am

VNOM

Evercore ISI Group analyst Stephen Richardson has reinstated Viper Energy (NASDAQ:VNOM) with an Outperform rating and set a price target of $37. This suggests a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 10:19 am

WDH

Waterdrop (NYSE:WDH) reported Q3 earnings with an EPS of $0.003, missing estimates by 85.0% against the expected $0.02. Revenue also declined by $14.46 million compared to the same period last year. Following last quarter's earnings miss, the share price dropped by 8.9% the next day.

Portfolio Pulse from Benzinga Insights

December 07, 2023 | 10:10 am

NIO

Bloomberg reported that electric vehicle maker Nio is considering additional job cuts after already reducing its workforce by 10%. The company is facing pressures in the competitive EV market and is looking to streamline operations.

Portfolio Pulse from Charles Gross

December 07, 2023 | 10:06 am

TTWO

B of A Securities analyst Omar Dessouky downgraded Take-Two Interactive (TTWO) from Buy to Neutral and set a price target of $170.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 10:00 am