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ROAD

Stifel analyst Stanley Elliott maintains a Buy rating on Construction Partners (NASDAQ:ROAD) and raises the price target from $51 to $57, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:09 pm

JOBY

Joby Aviation Inc (NYSE:JOBY) shares rose after announcing an agreement to launch an air taxi service in the UAE by early 2026, with exclusive rights in Dubai for six years. The company also partnered with Skyports for vertiport sites in Dubai. Joby targets initial operations by 2025. Additionally, Joby has an average 1-year price target of $10, indicating a 56.25% expected upside. Shares were up 8.07% at $6.40 at the time of publication.

Portfolio Pulse from Adam Eckert

February 12, 2024 | 2:07 pm

JOBY

Joby Aviation's stock is on the rise following the announcement of a definitive agreement with Dubai's Road and Transport Authority to initiate air taxi services in Dubai by early 2026.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 2:04 pm

SAVE

Spirit Airlines Inc (NYSE:SAVE) filed for a mixed shelf offering, allowing for the sale of warrants and the resale of up to 899,560 shares of common stock. This follows a federal judge blocking JetBlue's acquisition of Spirit, a move previously seen as positive for Spirit's financial struggles. Spirit will not receive proceeds from the sale. The potential merger faces a deadline by July, with options to extend or terminate.

Portfolio Pulse from Adam Eckert

February 12, 2024 | 2:02 pm

ALL

HWKN

KMB

LEN

PYPL

Jim Cramer recommended buying shares of The Allstate Corporation (ALL) after upbeat Q4 results, despite its decision to stop offering new policies in California. He expressed concerns over Kimberly-Clark Corporation's (KMB) slow turnaround and flat Q4 sales. Cramer was worried about PayPal Holdings, Inc. (PYPL) due to its flat earnings outlook for 2024, despite reporting upbeat Q4 earnings. He praised Lennar Corporation (LEN) for its dividend increase and positive outlook. Cramer also recommended buying Hawkins (HWKN) despite its worse-than-expected Q3 revenue.

Portfolio Pulse from Avi Kapoor

February 12, 2024 | 2:02 pm

MGM

MGM Resorts Intl (NYSE:MGM) is scheduled to release its quarterly earnings report on February 13, 2024, with analysts estimating an EPS of $0.71. Investors are hopeful for a beat on this estimate and positive guidance for the next quarter. Historical data shows mixed reactions to past earnings reports, with the stock price sometimes dropping despite beating EPS estimates. Shares are currently trading at $46.74, reflecting a 6.48% increase over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 2:02 pm

IAC

IAC (NASDAQ:IAC) is scheduled to release its quarterly earnings report on February 13, 2024, with analysts expecting an EPS of $-0.13. The focus for investors will be on whether IAC beats this estimate and provides positive guidance for the next quarter. Historical data shows mixed results in past earnings performance, with the stock price reacting variably. Currently, IAC shares are trading at $52.94, having decreased by 1.64% over the last 52 weeks, indicating a bearish sentiment among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 2:02 pm

SSNC

SS&C Techs Hldgs (NASDAQ:SSNC) is scheduled to release its quarterly earnings report on February 13, 2024. Analysts predict an EPS of $1.24. The company's past earnings performance shows mixed results with both hits and misses compared to estimates, leading to varied stock price reactions. Shares are currently trading at $60.97, down 3.15% over the last year. Investors are looking for positive guidance for the next quarter beyond the EPS figures.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 2:01 pm

SAP

SAP SE (NYSE:SAP) is undergoing leadership changes with Pekka Ala-Pietila nominated as the new supervisory board member and designated successor to Chairman Hasso Plattner, following a mutual agreement to part ways with Punit Renjen due to differing perspectives. Ala-Pietila, known for his involvement in European innovation, will stand for election for a two-year term. SAP recently reported a 5% revenue growth and a 44% increase in non-IFRS EPS, alongside plans for a company-wide transformation focusing on business AI. SAP shares dropped 1.15% in premarket trading.

Portfolio Pulse from Lekha Gupta

February 12, 2024 | 2:01 pm

UPST

Upstart Holdings (NASDAQ:UPST) is scheduled to release its quarterly earnings report on February 13, 2024, with an anticipated EPS of $-0.14. Analysts and investors are keen on whether UPST will surpass this estimate and provide optimistic guidance for the next quarter. Historical data shows a significant correlation between earnings performance and stock price movements. Last quarter, UPST missed its EPS estimate by $0.03, leading to a 27.3% decline in its stock price the following day. Over the past year, UPST shares have surged by 100.12%, indicating a bullish outlook among long-term investors.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 2:01 pm