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SOFI

Shares of SoFi Technologies Inc (NASDAQ:SOFI) are under pressure after two analysts downgraded their ratings due to concerns about elevated interest rates. Piper Sandler's Kevin Barker and BofA Securities' Mihir Bhatia both downgraded the stock from bullish stances to Neutral, while raising their price targets.

Portfolio Pulse from Priya Nigam

June 16, 2023 | 3:40 pm

FTI

TechnipFMC (NYSE:FTI) has been awarded a significant contract worth between $75M-$250M by Woodside Energy for the Julimar Phase 3 development, offshore Western Australia. The contract includes engineering, procurement, construction, and installation of flexible pipes and umbilicals.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 3:40 pm

BOF

Branchout Food's shares opened for trade at $5.16 per share, below the IPO price of $6 per share.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 3:37 pm

BOF

Branchout Food's open price indicates $3.50/share on 37K shares, significantly lower than its IPO price of $6/share on 1.19M shares.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 3:34 pm

ADBE

Adobe Inc (NASDAQ:ADBE) shares climbed after reporting better-than-expected FQ2 results. Analysts from various firms raised their price targets, citing strong digital media growth and potential in generative AI offerings. However, some remain cautious due to global competition regulation and a challenging macroeconomic environment.

Portfolio Pulse from Priya Nigam

June 16, 2023 | 3:28 pm

ENS

EnerSys (NYSE:ENS) disclosed financial targets for FY27 and a 5-year CAGR on Investor Day, projecting an adjusted operating margin of 14%-16%, adjusted EBITDA of $850 million-$950 million, and adjusted EPS of $11.00-$13.00. The company expects net sales CAGR of 8%-10% from FY23 to FY27.

Portfolio Pulse from Lekha Gupta

June 16, 2023 | 3:23 pm

WORX

SCWorx Corp's shares have resumed trading after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 3:21 pm

CHRS

Coherus BioSciences is acquiring Surface Oncology and has affirmed its FY23 guidance while issuing Q2 guidance. This announcement has led to a decline in Coherus BioSciences' share price.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 3:20 pm

WORX

SCWorx shares were halted on a circuit breaker to the downside, but the stock is now up 89%.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 3:18 pm

AMD

INTC

MRVL

NVDA

Morgan Stanley has revised its ranking of AI stocks, positioning Nvidia as its new top pick due to its potential for near-term growth in the AI sector. The firm upgraded price targets for Nvidia, AMD, Marvell Technology, and Intel Corporation.

Portfolio Pulse from AJ Fabino

June 16, 2023 | 3:15 pm