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SNOW

Citi analyst Tyler Radke has expressed a positive outlook on the data warehouse industry, particularly highlighting Snowflake Inc (NYSE:SNOW) after attending several industry events. Radke noted improved trends in new projects and large Hadoop migrations. Although optimizations at Snowflake continue, peak levels have been primarily reached according to partners and customers. Despite Databricks leading in next-gen use cases, there is optimism for Snowflake's upcoming product launches. Consequently, SNOW shares saw a 3.22% increase to $167.06.

Portfolio Pulse from Anusuya Lahiri

November 20, 2023 | 7:15 pm

AI

MSFT

C3.ai, Inc. (NYSE:AI) stock is trading higher as interest in AI companies grows due to leadership changes at Microsoft Corporation (NASDAQ:MSFT) and OpenAI. OpenAI's board removed CEO Sam Altman, who is joining Microsoft's new AI team, along with former OpenAI president Greg Brockman. OpenAI has appointed former Twitch CEO Emmett Shear as interim-CEO. C3.ai is set to report Q2 financial results on Dec. 6. The stock is popular among retail investors and has a high short interest of 39.64%.

Portfolio Pulse from Erica Kollmann

November 20, 2023 | 7:11 pm

RXT

Citigroup analyst Ashwin Shirvaikar has maintained a Sell rating on Rackspace Tech (NASDAQ:RXT) and reduced the price target from $1.50 to $1.25.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 7:08 pm

MSFT

Sam Altman and Greg Brockman, formerly of OpenAI, have been hired to lead a new advanced AI research team at Microsoft following their ouster from OpenAI. Analysts from Wedbush, Oppenheimer, and Evercore ISI view this as a positive move for Microsoft, with all maintaining an Outperform rating and setting price targets ranging from $410 to $432. Microsoft's stock was trading at $376.5 at the time of publication.

Portfolio Pulse from Surbhi Jain

November 20, 2023 | 7:02 pm

EC

Ecopetrol Inc. (NYSE:EC) stock has seen a 1.47% increase in the current session, trading at $12.45. Over the past month and year, the stock has risen by 3.03% and 21.12%, respectively. The company's P/E ratio of 5.18 is lower than the industry average of 8.05, which could suggest that the stock is undervalued or that investors have lower growth expectations compared to its industry peers. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for a comprehensive investment decision.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 7:01 pm

CNI

Over the past 20 years, Canadian National Railway (NYSE:CNI) has produced an average annual return of 13.05%, outperforming the market by 5.53% on an annualized basis. A $100 investment in CNI 20 years ago would be worth $1,168.95 today. The company's current market capitalization stands at $74.69 billion.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 7:00 pm

TFC

Truist Finl (NYSE:TFC) has received 9 analyst ratings in the last quarter with 1 bullish, 3 somewhat bullish, and 5 indifferent. The average price target is $34.89, representing an upside from the current price of $31.72. This is a 3.08% decrease from the previous average price target of $36.00. Analyst ratings are updated quarterly and are used by investors to guide stock decisions.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 7:00 pm

CTSH

Over the past 15 years, Cognizant Tech Solns (NASDAQ:CTSH) has produced an average annual return of 14.75%, outperforming the market. A $100 investment in CTSH 15 years ago would be worth $793.75 today. The company currently has a market capitalization of $35.00 billion. The article highlights the impact of compounded returns on investment growth over time.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 7:00 pm

VTLE

Over the past 3 months, 4 Wall Street analysts have provided ratings for Vital Energy (NYSE:VTLE), with 2 bullish, 1 somewhat bullish, and 1 indifferent. The average 12-month price target for VTLE is $76.00, with a high of $122.00 and a low of $55.00, marking a 28.81% increase from the previous target of $59.00.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 7:00 pm

FND

Floor & Decor Holdings (NYSE:FND) received 14 analyst ratings in the last quarter, with an average 12-month price target of $92.21, representing an 11.92% decrease from the previous target of $104.69. The ratings include 5 bullish, 2 somewhat bullish, 6 indifferent, 1 somewhat bearish, and 0 bearish. The high price target is $120.00 and the low is $71.00. Analyst ratings are updated quarterly and are based on financial analysis and insider information.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 7:00 pm