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Shares of Wayfair Inc (NYSE:W) have lost around 24% since mid-August due to macro headwinds and higher interest rates. Despite these challenges, analyst Seth Basham maintains an Outperform rating for Wayfair, while reducing the price target from $100 to $80. Basham believes that Wayfair will meet Q3 expectations due to incremental market share growth, despite weaker industry demand trends.

Portfolio Pulse from Priya Nigam

October 09, 2023 | 4:08 pm

PRZO

Shares of ParaZero Technologies Ltd (NASDAQ:PRZO) more than doubled after the company announced that an Australian regulator approved the first commercial drone flights in populated areas using ParaZero's safety systems. Australian commercial drone operator ORVL has gained approval to commence complex operations using ParaZero's advanced parachute safety technology.

Portfolio Pulse from Adam Eckert

October 09, 2023 | 4:05 pm

TYGO

Tigo Energy Inc's shares have fallen by around 20% following the company's weaker-than-expected Q3 FY23 preliminary financial results. The company has reduced its Q3 revenue outlook to $17 million-$18 million, down from the previously expected $41 million-$45 million. Tigo now anticipates an adjusted EBITDA loss for Q3, but the estimated amount will not be provided until the end of Q3. The company's backlog is projected to be within $66 million-$68 million as of Q3 FY23.

Portfolio Pulse from Lekha Gupta

October 09, 2023 | 4:03 pm

AMGN

Amgen (NASDAQ:AMGN) has outperformed the market over the past 15 years, producing an average annual return of 11.68%. If an investor had bought $100 of AMGN stock 15 years ago, it would be worth $503.19 today.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:00 pm

CAMP

Over the past 3 months, 5 analysts have published their opinion on CalAmp (NASDAQ:CAMP) stock. The average price target is $2.53, implying an upside from the current price of $0.293. This represents a 20.44% decrease from the previous average price target of $3.18. The analysts' ratings are mixed with 2 bullish, 1 indifferent, and 2 bearish.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:00 pm

COST

The article provides a detailed comparison of Costco Wholesale (NASDAQ:COST) with its competitors in the Food & Staples Retailing industry. Costco's Price to Earnings ratio is significantly below the industry average, suggesting undervaluation. However, its Price to Book and Price to Sales ratios are higher than the industry average, indicating potential overvaluation in terms of book value and sales performance. Costco's Return on Equity is higher than the industry average, demonstrating efficient use of equity. However, its EBITDA and gross profit are lower than the industry average, indicating potential profitability challenges. Costco's revenue growth significantly exceeds the industry average, indicating strong sales performance.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:00 pm

AN

Over the past 3 months, 6 analysts have published their opinion on AutoNation (NYSE:AN) stock. The average price target is $165.17, implying an upside from the current price of $136.76. The average price target has increased by 6.15% over the past month.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:00 pm

DAR

Over the past 3 months, 8 analysts have published their opinion on Darling Ingredients (NYSE:DAR) stock. The average price target for the stock is $83.75, a decrease of 12.76% from the previous average price target of $96.00. The ratings are mostly bullish to indifferent, with no bearish ratings.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:00 pm

CME

The article provides an in-depth analysis of CME Group's (NASDAQ:CME) performance compared to its peers in the Capital Markets industry. The analysis includes key financial metrics, market position, and growth potential. CME Group's P/E, P/B, and P/S ratios suggest that the company is undervalued compared to its peers. However, the company's high P/S ratio indicates potential overvaluation in terms of sales performance. CME Group has a lower ROE, but higher EBITDA and gross profit margins. The company also shows strong revenue growth.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:00 pm

WBD

Warner Bros. Discovery (NASDAQ:WBD) has received mixed analyst ratings in the last quarter, with 4 bullish, 3 somewhat bullish, 4 indifferent, and 2 bearish. The average 12-month price target for the stock, according to 13 analysts, is $16.08, a decrease of 4.46% from the previous average of $16.83.

Portfolio Pulse from Benzinga Insights

October 09, 2023 | 4:00 pm