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BAC

Over the past 3 months, 10 analysts have published their opinion on Bank of America (NYSE:BAC) stock. The average price target for BAC is $38.55, a decrease of 4.22% from the previous average price target of $40.25. The ratings are mixed with 1 bullish, 5 somewhat bullish, 3 indifferent, and 1 somewhat bearish.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 12:00 pm

ABNB

CALB

DSP

PZZA

Benzinga's Analyst Ratings API, a collection of high-quality stock ratings, has been identified as a reliable trading indicator. Five of the most accurate Wall Street analysts have made new stock picks. Nicholas Cucharale from Piper Sandler sees a 19% increase in California BanCorp (CALB). Lloyd Walmsley from UBS predicts a 28% upside in Viant Technology (DSP). Eric Gonzalez from Keybanc sees more than 10% upside in Papa John's International (PZZA). Doug Anmuth from JP Morgan sees a 4% downside in Airbnb (ABNB). Brian Mullan from Piper Sandler sees a 65% upside in Sweetgreen (SG).

Portfolio Pulse from Lisa Levin

November 06, 2023 | 11:58 am

ASAN

BAC

NEOG

TBBK

Insiders at Asana, Neogen Corporation, Bank of America, and The Bancorp have recently made notable purchases of their companies' stocks. This could indicate their confidence in the companies' prospects or that they view the stocks as a bargain. However, insider purchases should not be the only indicator for making an investment or trading decision.

Portfolio Pulse from Lisa Levin

November 06, 2023 | 11:58 am

RYAAY

Ryanair Holdings PLC (NASDAQ:RYAAY) shares are trading higher by around 10% after it reported H1 FY24 revenue growth of 30% Y/Y to €8.58 billion. The company's net profit escalated to €2.18 billion, a significant increase from €1.37 billion a year ago, benefiting from record summer traffic. The Board disclosed a maiden ordinary dividend of €400 million (€0.35 per share). The company now projects FY24 PAT to be within €1.85 billion to €2.05 billion, assuming modest losses over the H2 winter period. Ryanair reiterated the outlook for traffic to be around 183.5 million (+9% Y/Y) in FY24, with the final figure depending on Boeing Co (NYSE:BA) meeting their delivery commitments.

Portfolio Pulse from Lekha Gupta

November 06, 2023 | 11:54 am

GLD

SPY

USO

On November 3rd, U.S. stock markets closed higher due to falling bond yields, slowing job growth, and rising unemployment. The S&P 500, Dow Jones, and Nasdaq all saw gains, with real estate leading the sectors. Asian markets also saw gains, while European markets slid. Crude oil traded higher, while natural gas declined. Gold traded lower, while silver and copper rose. U.S. futures were up, and the U.S. Dollar Index was down.

Portfolio Pulse from Akanksha Bakshi

November 06, 2023 | 11:53 am

BNTX

BioNTech has updated its FY23 revenue guidance for its COVID-19 vaccine to around €4B, down from the previous estimate of approximately €5B.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 11:49 am

BRK

QQQ

SPY

TSLA

US stock futures are holding up early Monday, indicating a potential extension of last week's gains. The market's performance will be influenced by a scheduled Fed speech and the release of several earnings reports, mostly from small and mid-cap companies. Despite the recent rally, analysts remain cautious due to the lack of breadth in the market. The rise in bond yields may also cause unease among traders. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF both saw gains. Several companies, including Tesla, Berkshire Hathaway, and DISH Network, are in focus due to premarket trading activity and upcoming earnings reports.

Portfolio Pulse from Shanthi Rexaline

November 06, 2023 | 11:47 am

BNTX

BioNTech reported Q3 earnings of $0.73 per share, beating the analyst consensus estimate of $0.62 by 17.58%. However, the company's quarterly sales of $974.49 million missed the analyst consensus estimate of $1.06 billion by 8.07%. This represents a significant decrease from the same period last year, with earnings down 89.64% and sales down 72.07%.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 11:47 am

EEX

Emerald Holding has revised its FY23 revenue outlook downwards to $385M-$395M from over $400M. The consensus estimate was $402.2M. The company also lowered its adjusted EBITDA forecast to $95M-$100M from $100M.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 11:33 am

EEX

Emerald Holding (NYSE:EEX) reported Q3 sales of $72.50 million, missing the analyst consensus estimate of $72.90 million by 0.55 percent. However, this represents a 16.19 percent increase over sales of $62.40 million in the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 11:27 am