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GDDY

Starboard Value LP, a significant shareholder in GoDaddy Inc., believes the company is 'deeply undervalued' and sees 'significant opportunities for shareholder value creation'. Starboard remains open to reaching a 'constructive resolution' with GoDaddy's board.

Portfolio Pulse from Bill Haddad

September 12, 2023 | 12:05 pm

ARDX

Ardelyx (NASDAQ:ARDX) has received positive analyst ratings in the last quarter, with 3 bullish and 1 somewhat bullish ratings. The average 12-month price target for Ardelyx has increased by 45.92% from the previous average, now standing at $9.12.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 12:01 pm

RPAY

Analysts have provided ratings for Repay Hldgs (NASDAQ:RPAY) within the last quarter, with 2 bullish, 1 somewhat bullish, and 4 indifferent. The average price target is $10.5, compared to the current price of $8.44, implying an upside. The average price target has increased by 23.53% over the past month.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 12:01 pm

PERI

Perion Network (NASDAQ:PERI) has received 4 analyst ratings in the last quarter, with 3 being bullish and 1 somewhat bullish. The average price target is $42.75, indicating an upside from the current price of $34.19. This average has decreased by 2.84% from the previous average price target of $44.00.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 12:00 pm

BRCC

Analysts have provided various ratings for BRC (NYSE:BRCC) within the last quarter, with 2 bullish, 3 somewhat bullish, and 1 indifferent. The average price target is $8.17, implying an upside from the current price of $4.62. This represents an 11.68% decrease from the previous average price target of $9.25.

Portfolio Pulse from Benzinga Insights

September 12, 2023 | 12:00 pm

CGC

CING

CXAI

DATS

OCTO

ORCL

SGHT

SLRN

SWIN

Several stocks experienced significant pre-market trading movements. Acelyrin, Inc. (SLRN) shares fell 58.5% due to a failed primary endpoint. Sight Sciences, Inc. (SGHT) shares fell 29.3% after issuing below-estimate Q3 revenue guidance and cutting FY23 revenue guidance. Versus Systems Inc. (VS), CXApp Inc. (CXAI), Eightco Holdings Inc. (OCTO), Cingulate Inc. (CING), Solowin Holdings (SWIN), DatChat, Inc. (DATS), Canopy Growth Corporation (CGC), and Oracle Corporation (ORCL) also saw pre-market trading declines.

Portfolio Pulse from Lisa Levin

September 12, 2023 | 12:00 pm

SHEL

Shell PLC (NYSE:SHEL) is divesting its 30% stake in the Cambo oilfield to Ithaca Energy, increasing Ithaca's ownership to 100%. The deal is valued at $77.85 million. This comes after numerous protests by climate activists and rumors about Shell wanting to offload its stake. Shell's shares are trading lower by 0.03% to $63.50 premarket.

Portfolio Pulse from Nabaparna Bhattacharya

September 12, 2023 | 11:55 am

AAPL

HNHPF

Apple Inc plans to sell its India-built iPhone 15 globally on the launch day, marking a significant shift in its supply chain strategy amid U.S.-China geopolitical tensions. The iPhone 15 is being produced at a Foxconn Technology Group factory in India. However, the premium iPhone 15 Pro and Pro Max are still China-dependent. Apple's Indian suppliers now contribute to 7% of the global iPhone production. This move aligns with the Indian Prime Minister's initiatives to boost local manufacturing and Apple's strategy to diversify its supply chain beyond China.

Portfolio Pulse from Anusuya Lahiri

September 12, 2023 | 11:50 am

SGHT

Sight Sciences has issued Q3 revenue guidance below estimates and also cut its FY23 revenue guidance below estimates. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 11:45 am

WFC

During the Barclays Financial Conference, the CFO of Wells Fargo stated that the performance on the consumer side is 'still really good'.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 11:37 am