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BOTZ

NVDA

SMH

Nvidia Corp's CEO, Jensen Huang, predicts that artificial general intelligence (AGI) could be achieved within the next five years, emphasizing Nvidia's leading role in AI chip production. This development is crucial for AI systems like OpenAI's ChatGPT. Huang's optimism is based on the potential for AI to pass a broad range of human tests soon, although he acknowledges the challenges in replicating human cognitive processes. Nvidia's dominance in the accelerator market is highlighted, with significant growth in data center sales. Investors can gain exposure to Nvidia through the VanEck Semiconductor ETF (SMH) and the Global X Robotics & Artificial Intelligence ETF (BOTZ), which have seen substantial gains.

Portfolio Pulse from Anusuya Lahiri

March 04, 2024 | 1:02 pm

TOST

In the last three months, 11 analysts have shared their views on Toast (NYSE:TOST), with ratings ranging from bullish to bearish. The average 12-month price target is $21.45, marking a 27.45% increase from the previous target of $16.83. Analysts have adjusted their ratings and price targets based on market dynamics and company performance. Toast, a U.S.-based restaurant technology company, has shown a revenue growth rate of 34.9% as of December 31, 2023, but faces challenges with below-average net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 1:02 pm

LYFT

15 analysts have recently reviewed Lyft (NASDAQ:LYFT), showing a mix of bullish and bearish sentiments. The average 12-month price target is $15.33, marking a 19.39% increase from the previous target of $12.84. Analysts from firms like RBC Capital, Barclays, and UBS have raised their price targets, reflecting optimism about Lyft's future performance. Despite a challenging market, Lyft's revenue growth and financial management indicators like net margin, ROE, and ROA show positive trends, suggesting a strong market position.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 1:01 pm

KD

STLA

Kyndryl Holdings, Inc. (NYSE:KD) has expanded its multi-year deal with Stellantis N.V. (NYSE:STLA) to manage and operate select essential business operations including networking, data center support, and local IT services in Europe, North America, and South America. This extension builds on the agreement from February 2023 aimed at modernizing Stellantis' IT infrastructure. Kyndryl also reported Q3 adjusted EPS of $(0.05), beating consensus, and sales of $3.94 billion, surpassing estimates. The company revised its FY24 outlook, expecting at least $150 million in adjusted pretax income and a revenue decline of (6%) to (7%) in constant currency.

Portfolio Pulse from Lekha Gupta

March 04, 2024 | 12:50 pm

AKRO

Akero Therapeutics' shares surged following the announcement of positive preliminary topline week 96 results from its HARMONY Phase 2B study of efruxifermin, aimed at treating pre-cirrhotic metabolic dysfunction-associated steatohepatitis, fibrosis stage 2 or 3.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 12:50 pm

LYFT

Lyft's stock price increased following an upgrade by RBC Capital from Sector Perform to Outperform, with a raised price target from $17 to $23.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 12:43 pm

SMCI

Super Micro Computer (SMCI) shares are trading higher after the announcement that it will join the S&P 500. Additionally, Goldman Sachs initiated coverage on SMCI with a Neutral rating and set a price target of $941.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 12:42 pm

CME

CME Group announced its February 2024 market statistics, revealing an average daily volume of 29.6 million contracts, marking a 5% increase year-over-year and achieving the second highest average daily volume for February on record.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 12:41 pm

EB

MANU

ROKU

The article highlights three tech and telecom stocks - Eventbrite, Inc. (EB), Roku, Inc. (ROKU), and Manchester United plc (MANU) - that are considered oversold in the communication services sector, presenting a potential buying opportunity. It uses the Relative Strength Index (RSI) as a momentum indicator, with an RSI below 30 suggesting oversold conditions. Eventbrite reported strong Q4 revenue growth, Roku showed a 14% year-over-year increase in Q4 revenue, and Manchester United announced a successful minority investment by Sir Jim Ratcliffe.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 12:41 pm

BLKB

Blackbaud (NASDAQ:BLKB) announced plans to repurchase 7%-10% of its outstanding shares by the end of 2024, utilizing a mix of accelerated share repurchase plans, block trades, and open market purchases. This move is part of its previously announced $500 million share repurchase authorization.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 12:35 pm