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EWCZ

European Wax Center (NASDAQ:EWCZ) has received 2 somewhat bullish and 2 indifferent analyst ratings in the last quarter. The company has an average 12-month price target of $20.25, which has increased by 8.46% over the past month.

Portfolio Pulse from Benzinga Insights

August 22, 2023 | 12:00 pm

FN

FULC

PMN

The FDA has lifted the clinical hold on Fulcrum Therapeutics' FTX-6058 for Sickle Cell Disease, causing a 60% increase in FULC's stock. ProMIS Neurosciences has announced a $20.4M private placement financing at $1.88/unit, leading to a 52% increase in PMN's stock. Fabrinet's Q4 EPS of $1.86 beat the $1.80 estimate and sales of $655.87M beat the $641.41M estimate, resulting in a 20% increase in FN's stock.

Portfolio Pulse from ryanfaloona@benzinga.com

August 22, 2023 | 11:57 am

ARAV

Cantor Fitzgerald analyst Louise Chen has downgraded Aravive (NASDAQ:ARAV) from Overweight to Neutral and lowered the price target from $18 to $0.25.

Portfolio Pulse from richadhand@benzinga.com

August 22, 2023 | 11:57 am

ZM

Zoom Video Communications reported better-than-expected Q2 earnings and issued a strong earnings outlook for the year. However, several analysts including Bernstein, Wells Fargo, and Baird have cut their price targets on Zoom Video following the earnings announcement. Zoom's shares gained 1.3% in pre-market trading.

Portfolio Pulse from Lisa Levin

August 22, 2023 | 11:50 am

DKS

Dick's Sporting Goods Inc (NYSE:DKS) shares dropped over 19% following a Q2 FY23 earnings miss. Q2 sales grew 3.6% Y/Y to $3.22 billion, missing the analyst consensus of $3.23 billion. The company also reported a contraction in gross profit margin and operating margin, and a 32.3% Y/Y fall in operating income. Adjusted EPS of $2.82, down 23% Y/Y, missed the analyst consensus of $3.81. The company reduced its FY23 adjusted EPS outlook and cut positions at its customer support center to streamline costs.

Portfolio Pulse from Lekha Gupta

August 22, 2023 | 11:48 am

LLY

Eli Lilly and Company (NYSE:LLY) announced positive topline results from the LIBRETTO-531 study evaluating Retevmo versus physician's choice of the multikinase inhibitors (MKIs) cabozantinib or vandetanib for patients with advanced or metastatic rearranged during transfection (RET)-mutant medullary thyroid cancer (MTC). The study met its primary endpoint, showing a significant and clinically meaningful improvement in progression-free survival (PFS).

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 11:47 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) stock is showing signs of recovery after a period of weakness due to investor concerns over potential sales decline and margin erosion. The stock ended Monday up 7.33% and has gained 3.42% in pre-market trading. The broader tech sector is also seeing a shift in sentiment due to strong economic data and hopes for a reset of the Fed's inflation target.

Portfolio Pulse from Shanthi Rexaline

August 22, 2023 | 11:40 am

COTY

Coty Inc. reported Q4 FY23 sales growth of 16% YoY to $1.35 billion, beating the consensus of $1.31 billion. Adjusted EPS was $0.01, missing the analyst consensus of $0.02. The company's sales were driven by robust global demand across categories, geographies, and channels. Coty also divested a 3.6% stake in Wella Brand for $150M. The company targets total FY24 adjusted EPS, excluding equity swap, of $0.44-$0.47, implying 16%-25% YoY growth. Coty shares are trading lower by 0.64% at $10.90 in premarket on the last check Tuesday.

Portfolio Pulse from Nabaparna Bhattacharya

August 22, 2023 | 11:36 am

ETHUSD

SHIBUSD

Shiba Inu (CRYPTO: SHIB) has introduced its layer-2 solution, Shibarium, to address Ethereum's (CRYPTO: ETH) scalability issues. The solution aims to increase transaction capacity and reduce costs. If SHIB reaches $0.01, an investment of approximately $800 could potentially yield around $1.02 million. Currently, SHIB is trading at $0.00000789, down 4.19% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

August 22, 2023 | 11:17 am

DFLI

Dragonfly Energy Holdings Corp (NASDAQ:DFLI) reported a Q2 FY23 sales decline of 10.6% YoY to $19.27 million, missing the analyst consensus of $20.80 million. The company's gross profit for Q2 dropped 41.7% to $4.1 million, and the net loss for the quarter expanded to $(11.7) million from $(1.5) million last year. The company's Q3 outlook is also weak, with expected revenue of $16 million - $20 million, significantly lower than the consensus estimate of $36.35 million.

Portfolio Pulse from Shivani Kumaresan

August 22, 2023 | 11:16 am