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GLBE

Global-E Online reported a record 53% increase in sales during the Black Friday Cyber Monday (BFCM) weekend compared to the previous year, indicating strong performance and growth in consumer spending on their platform during a key shopping period.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 1:04 pm

PCOR

Over the past 3 months, 15 Wall Street analysts have provided ratings for Procore Technologies (NYSE:PCOR), with an average price target of $73.0, representing an upside from the current price of $58.32. The consensus among these analysts is leaning towards a bullish outlook, with 3 bullish, 10 somewhat bullish, and 2 indifferent ratings. No bearish or somewhat bearish ratings were reported. The current average price target has decreased by 12.15% from the previous target of $83.10.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 1:00 pm

BOKF

Over the past 3 months, 6 Wall Street analysts have provided ratings for BOK Financial (NASDAQ:BOKF), with an average price target of $80.33, which is an implied upside from the current price of $71.77. The consensus among these analysts is largely indifferent, with 5 neutral ratings and 1 somewhat bullish rating. The current average price target represents a 13.81% decrease from the previous target of $93.20.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 1:00 pm

BRX

Brixmor Property Group (NYSE:BRX) received 4 analyst ratings in the last quarter with 1 bullish, 1 somewhat bullish, and 2 indifferent. The average 12-month price target is $23.19, a decrease from the previous $24.17. Ratings suggest a neutral to slightly positive outlook for BRX.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 1:00 pm

LI

NIO

XPEV

Li Auto Inc. reported a 172.9% year-over-year increase in vehicle deliveries for November 2023, with 41,030 vehicles delivered, surpassing its 2023 target ahead of schedule. XPeng Inc. and NIO Inc. also reported increases in their November deliveries by 245% and 12.6% year-over-year, respectively. Li Auto aims for a 50,000 monthly delivery target in December and plans to roll out AD Max 3.0 for autonomous and assisted driving functions. Li Auto's stock price rose 2.19% in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

December 01, 2023 | 12:58 pm

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares dropped in premarket trading following the Cybertruck delivery event. Analysts, including Gene Munster from Deepwater Asset Management, believe the Cybertruck is priced higher than expected, with the top model at $99,990. Analysts also agree that the Cybertruck is unlikely to significantly impact Tesla's financials in 2024 or 2025. The stock is also affected by broader selling in mega-cap stocks. TSLA closed down 1.66% on Thursday and fell another 1.99% in premarket trading on Friday.

Portfolio Pulse from Shanthi Rexaline

December 01, 2023 | 12:52 pm

GOOG

QCOM

OnePlus is set to release the OnePlus 12 with a BOE X1 OLED display reaching 4,500 nits, nearly twice as bright as Google's Pixel 8 Pro. The phone will also feature Qualcomm's Snapdragon 8 Gen 3 chip, up to 24GB RAM, 1TB storage, and a 3x periscope camera. The OnePlus 12 will be unveiled on December 5 and will be available globally after its initial release in China.

Portfolio Pulse from Benzinga Neuro

December 01, 2023 | 12:47 pm

VSTO

Vista Outdoor announced the resignation of Gary L. McArthur as Interim CEO. The company has appointed Eric Nyman and Jason Vanderbrink as Co-CEOs. This change in leadership could impact the company's strategic direction and operational efficiency.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 12:38 pm

ROAD

Raymond James analyst Patrick Tyler Brown has reaffirmed a Strong Buy rating on Construction Partners (NASDAQ:ROAD) and increased the price target from $45 to $49.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 12:36 pm

AAPL

MSFT

SSNLF

XIACF

XIACY

Analysts from Goldman Sachs and Morgan Stanley predict a resurgence in smartphone sales starting in 2024, driven by new AI capabilities in devices from Apple, Vivo, Xiaomi, and Samsung. Morgan Stanley forecasts a nearly 4% global increase in smartphone shipments in 2024 and a 4.4% rise in 2025. Vivo and Xiaomi have already seen significant sales boosts from AI features, and Samsung plans to include generative AI in its 2024 models. Despite a projected 5% drop in 2023, Goldman Sachs expects recovery in the following years. Smartphones are not seen as facing the same stagnation risks as PCs, due to their shorter replacement cycles and expanding use cases with Edge AI.

Portfolio Pulse from Anusuya Lahiri

December 01, 2023 | 12:33 pm