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RBLX

Raymond James analyst Andrew Marok has initiated coverage on Roblox Corp (RBLX) with a Strong Buy rating and a price target of $41. Marok sees potential for long-term growth due to a shift towards video gaming among young people, expansion opportunities in international markets and older age groups, and the early stage of on-platform economy sophistication. He also expects margins to increase as the company's current investment cycle nears its end. RBLX shares are currently trading higher by 1.55% at $31.03.

Portfolio Pulse from Lekha Gupta

October 27, 2023 | 6:21 pm

BRKL

Brookline Bancorp reported worse-than-expected Q3 results, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 6:18 pm

ATGE

Adtalem Global Education Inc's stock is soaring after reporting better-than-expected Q1 FY24 results and issuing FY24 guidance. The company reported a 4.1% Y/Y revenue growth to $368.8 million, beating the consensus of $357.3 million. Student enrollment rose 1.9% Y/Y to 81,073. The company also repurchased shares worth $92 million. Baird upgraded the stock to Outperform from Neutral and raised its price target to $55 from $47.

Portfolio Pulse from Lekha Gupta

October 27, 2023 | 6:18 pm

EL

A significant amount of unusual options activity has been observed for Estee Lauder Cos (NYSE:EL), indicating a bullish stance by a large investor or institution. The options trades are split 50% bullish and 50% bearish, with 5 puts and 7 calls. The price target for Estee Lauder Cos over the last 3 months has been between $100.0 to $170.0. The company's stock price is currently down by 4.34% at $128.4. Several financial institutions have maintained their ratings on Estee Lauder, with price targets ranging from $148 to $185.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 6:16 pm

PG

A significant investor has taken a bearish stance on Procter & Gamble (NYSE:PG), with 70% of recent trades being bearish. The targeted price range for the company over the last three months has been $140.0 to $180.0. The current price of PG is down -1.79% at $147.12. Analysts from Stifel, DZ Bank, Bernstein, and Wells Fargo have maintained their ratings on the company, with price targets ranging from $151 to $162.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 6:16 pm

BMY

Bristol-Myers Squibb Co (NYSE:BMY) shares are trading lower due to disappointing Q3 earnings and a downward revision to the medium-term outlook. Sales of the company's popular Revlimid blood cancer treatment have plunged due to competition from generics. The company now expects over $10 billion in revenue from new product portfolio in 2026, compared to $10 billion - $13 billion in 2025. It also expects an adjusted operating margin target of over 37% through 2025 versus 40%+ through 2025.

Portfolio Pulse from Vandana Singh

October 27, 2023 | 6:13 pm

AON

Aon's shares are trading lower after the company reported its Q3 earnings.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 6:12 pm

COUR

Needham analyst Ryan MacDonald reiterated a Buy rating on Coursera Inc (NYSE:COUR) and raised the price target from $19 to $21. Coursera reported a stronger-than-expected 3Q23 with revenue growing 21.4% Y/Y. The company added 6.5 million registered learners in 3Q23, ending the quarter with 136 million on the platform. The strength in 3Q was driven by Coursera's consumer segment, which delivered its 3rd straight quarter of revenue growth acceleration.

Portfolio Pulse from Shivani Kumaresan

October 27, 2023 | 6:11 pm

AMZN

Amazon.com Inc's Q3 earnings report exceeded expectations, leading to a 7% increase in its stock. The company reported a 13% YoY growth in revenue at $143.1 billion, beating the consensus estimate of $141.42 billion. Key catalysts included a resurgence in e-commerce business, AWS growth stabilization, and successful cost-cutting efforts. The company's AI strategy was also highlighted, with numerous companies building generative AI apps in AWS. Despite trading at high multiples, the stock has a consensus Buy rating from Wall Street analysts.

Portfolio Pulse from Surbhi Jain

October 27, 2023 | 6:09 pm

GM

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating on General Motors Company (GM) but lowered the price target from $41 to $40. Despite GM's Q3 FY23 sales growth and better-than-expected results, concerns are raised about the profitability of its EV business and setbacks in its autonomous vehicle business, Cruise. The analyst expects GM's EV business profit data to show negative margins and sees challenges in the execution of the go-to-market strategy for Cruise.

Portfolio Pulse from Shivani Kumaresan

October 27, 2023 | 6:08 pm