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GES

Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on Guess? Inc (NYSE: GES) with a price target of $23. GES reported better-than-expected 1Q23 results, but management expects 2Q23 revenue to be flat to down 1.5% YoY. The company's outlook reflects cautious consumer spending in the US and uncertainties in Europe.

Portfolio Pulse from Shivani Kumaresan

May 26, 2023 | 4:20 pm

COST

Costco Wholesale Corporation reported better-than-expected Q3 adjusted EPS results, leading to a rise in its share price. The stock may also be benefiting from overall market strength due to hopes of a debt ceiling resolution.

Portfolio Pulse from Benzinga Newsdesk

May 26, 2023 | 4:16 pm

NTES

NetEase (NASDAQ: NTES) receives Buy ratings from Benchmark, Citigroup, and UBS analysts, with price targets raised following the company's upbeat 1Q23 results. The company's game growth is attributed to the strong performance of Eggy Party and legacy titles, with multiple games set to launch in June and Harry Potter: Magic Awakened debuting internationally this summer. NetEase is also focusing on loss reduction and cash flow breakeven for its non-game segments.

Portfolio Pulse from Anusuya Lahiri

May 26, 2023 | 4:10 pm

MSFT

OpenAI raised $495 million in a recent share sale, significantly more than the previously reported $300 million. The sale allowed employees to sell shares to a group of investors, including Andreessen Horowitz, Khosla Ventures, Sequoia Capital, and Founder's Fund. The offering valued OpenAI at $27 billion to $29 billion.

Portfolio Pulse from Happy Mohamed

May 26, 2023 | 4:08 pm

BIG

GCT

PDD

Crude oil prices rose 1% while US stocks traded higher, with the Nasdaq Composite gaining over 200 points. Big Lots shares dipped 15% after reporting a Q1 sales decline of 18.3% YoY and an adjusted EPS loss of $(3.40), missing consensus estimates. GigaCloud Technology and PDD Holdings shares rose 18% and 17% respectively.

Portfolio Pulse from Lisa Levin

May 26, 2023 | 4:05 pm

BIIB

Unusual options activity has been observed for Biogen (NASDAQ:BIIB) with 10 options trades spotted, split between 60% bullish and 40% bearish. Whales have been targeting a price range of $290 to $305 for Biogen over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 26, 2023 | 4:04 pm

EVLV

Over the past 3 months, 4 analysts have published their opinions on Evolv Technologies (NASDAQ:EVLV) stock, with an average price target of $6.6, implying an upside from the current price of $5.755. The average price target has increased by 13.79% over the past month.

Portfolio Pulse from Benzinga Insights

May 26, 2023 | 4:03 pm

LOCL

Analysts have provided 5 ratings for Local Bounti (NYSE:LOCL) within the last quarter, with an average price target of $2.8, implying upside from the current price of $0.43. This represents a 70.89% decrease from the previous average price target of $9.62.

Portfolio Pulse from Benzinga Insights

May 26, 2023 | 4:03 pm

DECK

Over the past 3 months, 9 analysts have published their opinion on Deckers Outdoor (NYSE:DECK) stock, with an average 12-month price target of $536.11. The average price target has increased by 8.85% over the past month.

Portfolio Pulse from Benzinga Insights

May 26, 2023 | 4:03 pm

ORCC

In the last quarter, Owl Rock Capital (NYSE:ORCC) received three somewhat bullish ratings and one somewhat bearish rating from analysts. The average 12-month price target for ORCC is $14.0, up 16.67% from the previous average of $12.00.

Portfolio Pulse from Benzinga Insights

May 26, 2023 | 4:03 pm