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GMED

Analysts have updated their ratings on Globus Medical (NYSE:GMED), showing a mix of perspectives with an average 12-month price target of $64.75, up from $59.33. The company has shown a revenue growth of 50.95% as of September 30, 2023, but faces challenges in profitability and efficiency, with below-average net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:00 pm

EPD

Enterprise Prods Partners (NYSE:EPD) received diverse analyst ratings over the last three months, with a recent shift towards a more bullish outlook. The average 12-month price target is now $34.0, reflecting a 5.17% increase from the previous target. Despite challenges in revenue growth and profitability, EPD's market capitalization and asset management indicate investor confidence and financial health. Analysts from Truist Securities, RBC Capital, Wells Fargo, and Stifel have updated their ratings and price targets, suggesting a positive short-term outlook for EPD.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:00 pm

ACGL

Over the past 10 years, Arch Capital Group (NASDAQ:ACGL) has produced an average annual return of 16.46%, outperforming the market by 6.11%. A $1000 investment in ACGL a decade ago would now be worth $4,637.15. The company currently has a market capitalization of $31.87 billion.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:00 pm

FUBO

FuboTV (NYSE:FUBO) has been analyzed by 4 analysts, showing a mix of bullish to indifferent ratings. The average 12-month price target is now $4.00, up 23.08% from $3.25. Analysts from Wedbush, Roth MKM, Cantor Fitzgerald, and Needham have provided updates, with price targets ranging from $2.00 to $5.00. FuboTV, a sports-first live TV streaming company, shows a positive revenue trend with a 42.64% growth rate but trails behind industry peers. Its net margin and ROE indicate challenges in financial health and equity utilization.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:00 pm

BKNG

Over the past 15 years, Booking Holdings (NASDAQ:BKNG) has outperformed the market with an annualized return of 28.61%, turning a $1000 investment into $42,801.11. The company currently has a market capitalization of $129.44 billion.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 2:00 pm

ADBE

Adobe Inc (NASDAQ:ADBE) has launched a beta version of its AI Assistant in Acrobat, aimed at enhancing document workflows with features like smart summaries and direct queries within documents. This AI tool, distinct for its integration into Acrobat without requiring document uploads, contrasts with models like ChatGPT. Adobe plans to adopt a subscription model post-beta. The launch aligns with Adobe's broader AI strategy, including video model development, amidst competition from tools like OpenAI's Sora. Adobe's stock closed lower by 0.87% at $541.91.

Portfolio Pulse from Anusuya Lahiri

February 21, 2024 | 2:00 pm

CURLF

GTBIF

JUSHF

Zuanic & Associates initiated coverage of Jushi Holdings Inc. with an Overweight rating, citing its undervaluation and strategic positioning in the cannabis sector. The firm highlights Jushi's potential for significant growth, especially with the anticipated shift to recreational cannabis sales in Pennsylvania and Virginia. The analysis also compares Jushi's valuation to other key players in the industry, such as Green Thumb Industries and Curaleaf Holdings, and discusses the broader competitive landscape. Additionally, the report touches on the potential for industry consolidation and Jushi's financial resilience.

Portfolio Pulse from Nicolás Jose Rodriguez

February 21, 2024 | 1:59 pm

AMZN

WBA

Amazon.com Inc (AMZN) shares are trading higher after being selected to join the Dow Jones Industrial Average (DJIA), replacing Walgreens Boots Alliance Inc (WBA). This change, effective Feb. 26, reflects the evolving American economy and aims to increase consumer retail exposure in the DJIA. The adjustment was influenced by Walmart's 3:1 split announcement, which alters its index weighting. Additionally, Uber will replace JetBlue Airways in the Dow Jones Transportation Average, enhancing exposure to the ride-sharing industry.

Portfolio Pulse from Adam Eckert

February 21, 2024 | 1:59 pm

VRT

Vertiv Holdings (NYSE:VRT) shares fell premarket after reporting Q4 FY23 results with net sales of $1.865 billion, missing estimates, but adjusted EPS beat expectations. The company provided a weaker than expected outlook for Q1 and FY24 revenue and adjusted EPS. Vertiv's CEO highlighted opportunities in AI-driven data center demand and the acquisition of CoolTera to strengthen its position in liquid cooling.

Portfolio Pulse from Lekha Gupta

February 21, 2024 | 1:59 pm

TOL

Toll Brothers' stock price increased following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company provided FY24 EPS guidance that surpassed analyst estimates.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 1:55 pm