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OTLY

Oatly Group AB (NASDAQ:OTLY) reported a Q4 loss per share of $(0.50), wider than the expected $(0.15), but surpassed revenue expectations with $204.12 million against a forecast of $191.34 million. Revenue grew by 4.6% year-over-year, with a slight increase in sold volume. The company improved its gross margin to 23.4% and reduced its adjusted EBITDA loss to $19.2 million. Despite these improvements, OTLY shares dropped 15.1% to $1.14. Oatly forecasts 5-10% revenue growth for 2024 with an adjusted EBITDA loss of $35-$60 million and capital expenditures below $75 million.

Portfolio Pulse from Nabaparna Bhattacharya

February 15, 2024 | 5:03 pm

FXI

SPY

U.S. Senator Marco Rubio has called on the SEC to prevent the IPO of Chinese fashion retailer Shein unless the company discloses its operational risks in China. This move highlights growing concerns over Chinese companies listed in the U.S. without full transparency.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 5:02 pm

ZG

Zillow Group Inc (NASDAQ:ZG) has received mixed analyst ratings over the past three months, with a total of 11 analysts providing their perspectives. The ratings range from bullish to indifferent, with a notable shift towards a more cautious stance in the last 30 days. The 12-month price targets suggest optimism, with an average target of $63.73, marking a 12.14% increase from the previous average of $56.83. Analysts have adjusted their ratings and price targets based on Zillow's market performance and financial indicators, such as a -4.44% decline in revenue growth and a net margin of -15.4%, despite a strong market capitalization and efficient use of assets.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 5:01 pm

WEN

Wendy's Co (NASDAQ:WEN) reported Q4 FY23 results with a slight sales growth of 0.8% to $540.7 million, missing analyst estimates. Adjusted EPS of $0.21 also fell short of expectations. Despite challenges, the company saw digital sales acceleration and global expansion, opening nearly 250 new restaurants. The company expects FY24 adjusted EPS of $0.98-$1.02, below consensus estimates, and projects 5%-7% global systemwide sales growth. Shares dropped 2.05% to $18.89.

Portfolio Pulse from Lekha Gupta

February 15, 2024 | 5:01 pm

NMIH

JP Morgan has reaffirmed its Overweight rating on NMI Holdings (NASDAQ:NMIH) and increased its price target from $33.00 to $34.00. Despite a recent 4.07% decline in share price to $29.06, the new target suggests a potential 17.01% upside. NMI Holdings provides private mortgage guaranty insurance and related services.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 5:00 pm

SMWB

Barclays has reaffirmed its Overweight rating on Similarweb (NYSE:SMWB) and increased its price target from $8.00 to $9.00. Following this announcement, Similarweb's stock has risen by 6.61% to $8.06. The new price target suggests a potential upside of 11.66% from the current price. Similarweb specializes in digital intelligence, offering insights through its SaaS platform, primarily to customers in the United States.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 5:00 pm

UPWK

Analysts have provided mixed ratings for Upwork (NASDAQ:UPWK) with a recent shift towards a more positive outlook, as evidenced by updated price targets and ratings. The average 12-month price target for Upwork has increased to $18.5, reflecting a 15.62% rise from the previous target. Financial indicators such as revenue growth, net margin, ROE, and ROA show Upwork outperforming industry averages, suggesting strong financial health and efficient management.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 5:00 pm

ES

Mizuho upgraded Eversource Energy (NYSE:ES) to Buy with a new price target of $62.00, up from $54.00. Eversource Energy's shares are currently up 1.82% at $58.10. The company, a diversified holding entity, provides electric, gas, and water distribution in the Northeast U.S. and is exiting a partnership with Orsted for offshore wind projects.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 5:00 pm

NMIH

RBC Capital has maintained its Sector Perform rating for NMI Holdings (NASDAQ:NMIH) and increased its price target from $31.00 to $33.00. Despite a recent 4.07% decline in share price to $29.06, the new target suggests a potential 13.57% upside. NMI Holdings provides private mortgage guaranty insurance and related services.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 5:00 pm

BRKR

UBS has reaffirmed its Buy rating on Bruker (NASDAQ:BRKR) and increased its price target from $86.00 to $94.00. Despite a recent 0.8% decline in Bruker's share price to $79.41, the new price target suggests a potential 18.37% upside. Bruker Corp, known for manufacturing scientific instruments and diagnostic tests, primarily serves the life sciences, pharmaceutical, and biotechnology industries, with the BSI CALID segment being its top revenue contributor.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 5:00 pm