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FRO

Four analysts have recently updated their ratings on Frontline (NYSE:FRO), with a mix of neutral and bullish outlooks. The average 12-month price target is now $23.32, a slight decrease from the previous $23.70. Analysts' actions include lowering and maintaining ratings, with price targets ranging from $22.00 to $26.00. Frontline, an international shipping company, has seen a -1.33% decline in revenue growth over the last 3 months but maintains a strong net margin of 28.57%. The company's market capitalization is below the industry average, and it has a conservative debt-to-equity ratio of 1.01.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:00 pm

GMS

RBC Capital has maintained its Sector Perform rating for GMS Inc (NYSE:GMS) and increased its price target from $84.00 to $92.00. GMS shares are currently trading up 0.97% at $90.18, with the new target suggesting a potential 2.02% increase. GMS is a distributor of specialty building products, primarily in the United States.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:00 pm

U

12 analysts have recently updated their ratings on Unity Software (NYSE:U), showing a mix of bullish to bearish sentiments. The average 12-month price target is now $32.21, down from $33.55, with actions ranging from raising to lowering ratings and price targets. Unity Software's financial overview indicates a below-average market capitalization, notable revenue growth of 11.95%, but challenges in profitability, asset utilization, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:00 pm

BKKT

Rosenblatt has maintained its Buy rating for Bakkt Holdings (NYSE:BKKT) but lowered its price target from $1.70 to $0.75. Despite this, BKKT shares have risen 13.78% in the last 24 hours to $0.66. The new price target suggests a potential 13.65% increase from the current price. Bakkt Holdings operates a technology platform for the digital economy, including crypto and loyalty points redemption, generating revenue through subscription, service, and transaction fees.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:00 pm

CPB

JP Morgan has maintained its Neutral rating for Campbell Soup (NYSE:CPB) but raised its price target from $47.00 to $48.00. Campbell Soup's shares have seen a 0.56% increase over the last 24 hours, trading at $42.88. The new price target suggests a potential 11.94% increase from the current price. Campbell Soup, known for brands like Campbell's and Pepperidge Farm, focuses primarily on the U.S. market after selling its international snacking operations in 2019.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:00 pm

GMS

Five analysts have recently updated their ratings on GMS Inc (NYSE:GMS), showing a shift towards a more neutral stance over the last three months, with an increase in the average 12-month price target to $86.6 from $78.60. The updates include raised price targets by analysts from RBC Capital, Truist Securities, Stephens & Co., and Raymond James, reflecting a positive outlook on the company's performance despite facing revenue growth challenges, a below-average net margin, and ROE, but an excellent ROA and a balanced debt approach.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:00 pm

CCOI

TD Cowen has reaffirmed its Outperform rating on Cogent Comms Hldgs (NASDAQ:CCOI), raising its price target from $81.00 to $84.00. Despite a slight 0.51% decrease in share price over the last 24 hours to $80.50, the new target suggests a potential 4.35% upside. Cogent, a major broadband provider for businesses, carries over a fifth of the world's internet traffic and generates over half of its revenue from corporate customers in North America.

Portfolio Pulse from Benzinga Insights

March 01, 2024 | 5:00 pm

BBY

Best Buy Co Inc (NYSE:BBY) shares dropped despite reporting higher-than-expected Q4 results. Analysts from Goldman Sachs, JMP Securities, Truist Securities, Wedbush, and KeyBanc provided mixed reviews, with some seeing signs of recovery in the second half of the year, while others caution it's too early to call a bottom. Price targets were raised by most, reflecting a cautiously optimistic outlook on the company's future performance.

Portfolio Pulse from Priya Nigam

March 01, 2024 | 4:58 pm

LI

Li Auto shares are trading lower following the announcement of their February 2024 delivery numbers.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 4:56 pm

GBTC

Bitcoin, Ethereum, and Dogecoin are consolidating with bullish patterns, indicating a strong bull cycle this year, partly due to SEC's approval of Bitcoin ETFs and anticipation of Ethereum ETFs. The next Bitcoin halving in April is also seen as bullish. Grayscale Bitcoin Trust (GBTC) has risen about 60% this year, showing similar bullish patterns. The consolidation allows for potential significant price rises, with specific resistance and support levels identified for each cryptocurrency.

Portfolio Pulse from Melanie Schaffer

March 01, 2024 | 4:55 pm