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RIVN

Rivian Automotive Inc (NASDAQ:RIVN) shares rose in after-hours trading on Thursday following an upgrade from Piper Sandler. Analyst Alexander Potter upgraded Rivian from Neutral to Overweight and increased the price target from $15 to $21, citing the R2/R3 launch event, a renewed capital expenditures outlook, and the recent selloff in shares. Despite the risks, Potter highlighted the strong orders for Rivian's new R2 platform and the company's plan to delay capex and build R2 in an existing plant as reasons for a more bullish stance. Rivian received 68,000 reservations for the R2 in the U.S. within 24 hours of its unveiling.

Portfolio Pulse from Adam Eckert

March 14, 2024 | 9:50 pm

MGTX

MeiraGTx Holdings (NASDAQ:MGTX) reported Q4 earnings with an EPS of $0.42, surpassing the estimated -$0.11 by 482%. Revenue increased by $7.33 million from the previous year. Despite missing EPS estimates last quarter, the share price increased by 2% the following day.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 9:50 pm

HSCS

Heart Test Laboratories (NASDAQ:HSCS) reported Q3 earnings, beating estimates with an EPS of $-0.03 versus the expected $-0.06, and revenue increased by $12 thousand year-over-year. Despite missing EPS estimates last quarter, the share price increased by 12.0% the following day.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 9:45 pm

GETY

Getty Images Holdings Inc. (NYSE:GETY) reported Q4 sales of $225.94 million, surpassing analyst estimates and showing a slight year-over-year decrease. Editorial revenue fell due to Hollywood strikes, but annual subscription revenue increased. The company expects FY 2024 revenue to be slightly below consensus estimates but remains optimistic about returning to growth and maintaining profitability. Shares rose 8.74% in after-hours trading.

Portfolio Pulse from Erica Kollmann

March 14, 2024 | 9:36 pm

DESP

KNDI

MOND

XELB

In Thursday's after-market session, several consumer discretionary stocks showed significant movement. Mondee Holdings, Despegar.com, and Brilliant Earth Group were among the top gainers, with their stocks rising due to Q4 earnings releases. Conversely, Xcel Brands, The One Group Hospitality, and Kandi Technologies Group were among the notable losers, with declines also influenced by their Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 9:33 pm

AKBA

GERN

In Thursday's after-market session, health care stocks saw significant movements. Geron (GERN) led the gainers with a 90.8% increase, while Kineta (KA) experienced the largest drop among the losers, declining by 8.3%. Notably, Akebia Therapeutics (AKBA) rose by 8.02% following its Q4 earnings report.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 9:33 pm

ALTG

BLNK

STAF

In Thursday's after-market session, several industrials stocks saw significant movements. Staffing 360 Solutions, Greenwave Tech Solns, Alta Equipment Group, Earlyworks Co, NeoVolta, and JE Cleantech Hldgs were among the gainers, with Alta Equipment Group's stock rising after Q4 earnings were released. On the losing side, Babcock & Wilcox, Blink Charging, and others saw declines, with both Babcock & Wilcox and Blink Charging's stocks falling following their Q4 earnings announcements.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 9:33 pm

ADBE

SMAR

XTIA

In Thursday's after-market session, several information technology stocks showed significant movement. Notably, XTI Aerospace, Soluna Holdings, Cyngn, AEye, QuickLogic, and MMTEC experienced gains, while Frequency Electronics, Adobe, PagerDuty, Smartsheet, Kopin, and EverCommerce reported losses. The fluctuations were largely attributed to the release of quarterly earnings reports for many of the companies.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 9:33 pm

RDW

Redwire Corporation projects its 2024 revenues to reach $300 million, surpassing the estimated $278.832 million. This forecast suggests a positive outlook for the company's financial growth.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 9:32 pm

ETN

Over the past 10 years, Eaton Corp (NYSE:ETN) has outperformed the market with an annualized return of 15.34%, turning a $1000 investment into $4,095.05 today. Eaton Corp's market capitalization currently stands at $119.97 billion.

Portfolio Pulse from Benzinga Insights

March 14, 2024 | 9:30 pm