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RDDT

Reddit, Inc (NYSE:RDDT) is seeing positive analyst sentiment due to partnerships with OpenAI, Google, and Sprinklr, and strong financial performance. Analysts from Piper Sandler, JMP, and Goldman Sachs have provided favorable ratings and price targets, citing revenue and EBITDA growth. Despite this, Reddit's stock traded lower by 7.01% at $50.61.

Portfolio Pulse from Anusuya Lahiri

August 07, 2024 | 6:17 pm

EXEL

Exelixis, Inc. (NASDAQ:EXEL) announced mixed results from its phase 3 CONTACT-02 trial, showing significant progression-free survival but not overall survival. Despite this, the company plans to submit a supplemental marketing application to the FDA in 2024. Exelixis reported strong Q2 earnings, beating both EPS and sales expectations, and raised its 2024 revenue guidance. An analyst from William Blair reiterated an Outperform rating, citing the company's defensive investment profile.

Portfolio Pulse from Vandana Singh

August 07, 2024 | 6:16 pm

VCYT

Veracyte, Inc. (NASDAQ:VCYT) reported strong Q2 results with sales of $114.43 million, up 27% YoY, and adjusted EPS of $0.30, beating expectations. The company raised its full-year 2024 revenue guidance and received positive analyst ratings. VCYT stock rose 24.60% following the news.

Portfolio Pulse from Vandana Singh

August 07, 2024 | 6:08 pm

CAT

Caterpillar Inc. (NYSE:CAT) reported strong Q2 results, beating earnings estimates and demonstrating resilience despite a macroeconomic slowdown. Analysts from BofA Securities, Truist Securities, Goldman Sachs, and RBC Capital Markets provided positive ratings and insights, highlighting strong margins, pricing, and inventory management.

Portfolio Pulse from Priya Nigam

August 07, 2024 | 6:08 pm

SKWD

Skyward Specialty (NASDAQ:SKWD) has been analyzed by four analysts, showing a range of bullish to somewhat bullish sentiments. The average 12-month price target has increased to $48.5, reflecting a 4.86% rise from the previous target. Analysts have raised their ratings and price targets, indicating positive expectations for the company's performance.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 6:08 pm

TREX

Over the past three months, 15 analysts have evaluated Trex Co (NYSE:TREX), with a mix of bullish and bearish opinions. The average 12-month price target has decreased by 13.46% to $88.27. Analysts have recently lowered their price targets and ratings for Trex Co, reflecting changing market conditions and company performance.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 6:07 pm

DOGEUSD

PYPL

Elon Musk's plan to transform X (formerly Twitter) into an everything app with payment features is advancing. A new report indicates that X has added a Payments button and obtained a license in North Dakota, bringing its total to 33 states. The launch of X payments could boost engagement and potentially increase the price of Dogecoin. X could also compete with online payment companies like PayPal.

Portfolio Pulse from Chris Katje

August 07, 2024 | 6:06 pm

TTD

Trade Desk (NASDAQ:TTD) has significantly outperformed the market over the past 5 years, delivering an average annual return of 26.37%. A $100 investment in TTD 5 years ago would now be worth $334.40. The article highlights the power of compounded returns.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 6:01 pm

CACI

CACI International (NYSE:CACI) has significantly outperformed the market over the past 10 years, delivering an average annual return of 20.42%. A $1000 investment in CACI 10 years ago would be worth $6,420.40 today. The article highlights the power of compounded returns over time.

Portfolio Pulse from Benzinga Insights

August 07, 2024 | 6:01 pm

NRSN

NeuroSense Therapeutics has announced a $600K private placement agreement, selling 800K ordinary shares and 800K warrants at $0.75 per share, which is 10% above the August 6 closing price.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 6:00 pm