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ADI

HSY

NVDA

Notable insider sales were reported for NVIDIA, Electronic Arts, Analog Devices, and Hershey Company. NVIDIA insiders sold shares worth approximately $19.2 million, while the company is expanding its autonomous driving team in China. Electronic Arts' CEO sold shares worth around $342,976, following a price target increase by Deutsche Bank. Analog Devices' EVP sold shares worth about $3.13 million after reporting a revenue decline but beating consensus. Hershey's CFO sold shares totaling around $289,065 after the company reported upbeat earnings.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 12:54 pm

WDAY

Oppenheimer analyst Brian Schwartz has maintained an Outperform rating on Workday (NASDAQ:WDAY) and increased the price target from $255 to $275.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 12:54 pm

NTAP

NetApp (NASDAQ:NTAP) exceeded Q2 earnings expectations with an adjusted EPS of $1.58, surpassing the estimate of $1.39. Revenue was $1.56 billion, above the forecasted $1.53 billion. The company provided strong FY24 EPS guidance of $6.05 to $6.25, compared to the expected $5.73. Following the earnings report, NetApp's stock rose 11.4% in pre-market trading. Analysts at Barclays, Wells Fargo, and Raymond James have subsequently increased their price targets for NetApp.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 12:54 pm

GME

GameStop Corp. (NYSE:GME) shares surged in premarket trading on Wednesday after a significant rally the previous day, closing up 13.27% at $13.49. The momentum continued with an 11.56% increase to $15.05 in premarket trading. The rise is partly attributed to strong Cyber Monday sales, which is favorable for GameStop as a retailer of video games and consumer electronics. Despite a broader downtrend since early 2021 and after Ryan Cohen's appointment as CEO, the stock is showing signs of revival. GameStop is set to report Q3 results on December 5, and there is a noted increase in bullish call options activity.

Portfolio Pulse from Shanthi Rexaline

November 29, 2023 | 12:51 pm

CRWD

Oppenheimer analyst Ittai Kidron has maintained an Outperform rating on CrowdStrike Holdings (NASDAQ:CRWD) and increased the price target from $215 to $240.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 12:48 pm

ABNB

ARGX

AVB

BITF

CRWD

HSY

LESL

NTAP

WDAY

Wall Street analysts have updated their price targets and ratings for several US-listed companies. Piper Sandler raised Workday's target and maintained an Overweight rating. Keybanc increased CrowdStrike's target and kept an Overweight rating. Raymond James cut argenx's target but kept a Strong Buy rating. Barclays raised Micron's target with an Overweight rating. HC Wainwright lifted Bitfarms' target and maintained a Buy rating. Telsey Advisory cut Leslie's target and kept a Market Perform rating. Jefferies lowered Airbnb's target and downgraded to Hold. Piper Sandler reduced Hershey's target and downgraded to Neutral. JP Morgan trimmed AvalonBay's target but upgraded to Neutral. Barclays increased NetApp's target with an Equal-Weight rating.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 12:46 pm

INTU

Intuit Inc (NASDAQ:INTU) reported fiscal first quarter earnings that surpassed expectations, with a 15% year-over-year revenue increase to $2.978 billion, beating the consensus estimate of $2.878 billion. Adjusted earnings were $2.47 per share, exceeding the forecast of $1.98 per share. The company confirmed its full-year 2024 revenue guidance of $15.89 billion to $16.105 billion and adjusted earnings of $16.17 to $16.47 per share. Following the earnings beat, Barclays, Wells Fargo, and Citigroup raised their price targets for Intuit, while maintaining positive ratings. Intuit's stock rose 0.6% to $568.65 in pre-market trading.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 12:44 pm

AMZN

NVDA

Amazon Web Services (AWS) has announced new generative AI features for Amazon Connect, its cloud-based contact center service. These features, powered by Amazon Bedrock, are designed to improve customer service and reduce operational costs. Key updates include AI-generated responses for agents, call summaries, sentiment analysis, policy compliance checks, and unified customer profiles. AWS has also expanded omnichannel capabilities with two-way SMS and in-app voice calling with video support. AWS CEO Adam Selipsky highlighted AWS's AI advancements at AWS re:Invent 2023, mentioning the Bedrock platform's global client base, the new Trainium 2 chip, and the Graviton 4 chip. AWS is also collaborating with Nvidia Corp to enhance AI model training. Amazon's stock (AMZN) saw a slight increase in premarket trading.

Portfolio Pulse from Anusuya Lahiri

November 29, 2023 | 12:38 pm

WDAY

Workday, Inc. (NASDAQ:WDAY) exceeded Q3 earnings expectations with $1.56 per share against estimates of $1.41 and revenue of $1.87 billion over the forecast of $1.848 billion. The company anticipates Q4 subscription revenue of $6.598 billion and adjusted operating margins of 23.8%. Following the earnings report, Workday's stock rose 8% in pre-market trading, and several analysts raised their price targets for WDAY, maintaining positive ratings, except for Citigroup which kept a Neutral rating but still raised its target.

Portfolio Pulse from Lisa Levin

November 29, 2023 | 12:37 pm

EGRX

Eagle Pharmaceuticals (EGRX) has been notified by Nasdaq about a deficiency due to not filing its quarterly report (Form 10-Q) on time. This could potentially lead to delisting if the issue is not resolved.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 12:36 pm