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RBLX

Needham analyst Bernie McTernan reiterated a Buy rating for Roblox Corp (RBLX) with a $48 price target. He spoke with 11 RBLX developers who indicated a more positive monetization environment compared to a year ago, with opportunities from immersive advertising, engagement-based payouts, and better analytics. However, they also noted challenges in building an audience for lower-quality games and standing out among older, more established games. None of the developers currently use AI tools, but two believe it will eventually play a significant role in game creation.

Portfolio Pulse from Anusuya Lahiri

June 28, 2023 | 6:37 pm

SHIBUSD

Shiba Inu (CRYPTO: SHIB) was down over 4% on Wednesday, in line with the wider crypto sector, including Bitcoin and Ethereum. The downtrend is taking place within a falling channel pattern on the 24-hour chart, which is bearish for the short term but could be bullish in the future. The most recent lower high within the formation was created on Tuesday at $0.00000768 and the most recent confirmed lower low was printed at the $0.00000743 mark the day prior.

Portfolio Pulse from Melanie Schaffer

June 28, 2023 | 6:35 pm

TOST

Stephens & Co. analyst Charles Nabhan has reiterated an Equal-Weight rating and a $22 price target for Toast Inc (NYSE:TOST). The analyst believes that the company's $0.99 surcharge on orders over $10 could potentially increase its gross profit by ~4% annually and EBITDA, assuming the fees are not re-invested. However, the surcharge could also deter further adoption of online ordering and favor non-Toast platforms. The surcharge will be rolled out nationwide on July 10.

Portfolio Pulse from Anusuya Lahiri

June 28, 2023 | 6:32 pm

LEVI

Telsey Advisory Group analyst Dana Telsey has reiterated an Outperform rating on Levi Strauss & Co (NYSE:LEVI) with a price target of $24. The analyst expects short-term pressure on LEVI due to a decrease in sales and the impact of the enterprise resource planning system (ERP) implementation on shipping product within the U.S. However, she predicts long-term outperformance as gross margins are expected to improve over the year.

Portfolio Pulse from Shivani Kumaresan

June 28, 2023 | 6:32 pm

FDX

A significant bearish stance has been taken on FedEx (NYSE:FDX) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish. The whales have been targeting a price range from $210.0 to $310.0 for FedEx over the last 3 months. Analysts from Stifel, Raymond James, Argus Research, and Citigroup maintain a Buy or Outperform rating on FedEx, while Morgan Stanley downgraded its action to Equal-Weight.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 6:32 pm

SHOP

A whale investor has taken a bullish stance on Shopify (NYSE:SHOP), with 52% of investors opening trades with bullish expectations and 47% with bearish. The whale has been targeting a price range from $30.0 to $92.0 for Shopify over the last 3 months. Jefferies has maintained their Hold rating on Shopify, with a price target of $65. JMP Securities downgraded its action to Market Outperform with a price target of $70.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 6:31 pm

PLD

Over the past 10 years, Prologis (NYSE:PLD) has outperformed the market by 1.68% on an annualized basis, producing an average annual return of 12.14%. If an investor had bought $1000 of PLD stock 10 years ago, it would be worth $3,179.13 today.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 6:30 pm

PH

Parker Hannifin (NYSE:PH) has outperformed the market over the past 5 years by 9.5% on an annualized basis, producing an average annual return of 19.47%. If an investor had bought $100 of PH stock 5 years ago, it would be worth $244.80 today.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 6:30 pm

SIRI

SPOT

Benchmark analyst Matthew Harrigan reiterated a Buy rating for Sirius XM Holdings Inc (NASDAQ:SIRI) with a $6 price target. SiriusXM stock advanced 4.6% Tuesday, backed by the closure of the Stitcher podcast app. SiriusXM is migrating listeners to its SXM app ahead of a new streaming experience debuting later this year. The company is also looking to enhance the vehicular experience while transforming its product and perception from in-car listening consumption. SiriusXM has the potential to reach a double-digit stock price over Benchmark’s forecast through 2026.

Portfolio Pulse from Anusuya Lahiri

June 28, 2023 | 6:30 pm

DAL

Susquehanna and Morgan Stanley analysts have reiterated positive ratings on Delta Air Lines, Inc. (NYSE:DAL), raising the price target to $54 and $70 respectively. The airline recently revised its FY23 outlook and reiterated its FY24 targets. Potential upside catalysts include the widespread distribution of the CV-19 vaccines, easing of travel restrictions, solid booking trends, and a decline in fuel prices. The analysts believe that if 2023 EPS comes in comfortably above the 2024 target of $7, it puts DAL firmly on the path to achieving $10 EPS.

Portfolio Pulse from Nabaparna Bhattacharya

June 28, 2023 | 6:29 pm