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PLUG

Plug Power Inc (NASDAQ:PLUG) shares dropped after reporting disappointing Q1 results, with a 43% year-on-year decline in revenues. Analysts from Piper Sandler, BMO Capital Markets, Roth Capital Partners, and KeyBanc Capital Markets provided mixed reviews, adjusting price targets and reiterating ratings. The company is repositioning to drive higher margins, but concerns about cash burn and the timing of a DOE loan guarantee persist.

Portfolio Pulse from Priya Nigam

May 10, 2024 | 4:05 pm

CRNC

Cerence shares are trading lower due to continued weakness following its Q2 financial results announcement on Thursday. The company also issued Q3 and FY24 revenue guidance below estimates, leading to multiple firms lowering their price targets on the stock.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 4:04 pm

TSLA

Elon Musk announced Tesla will invest over $500M in expanding its Supercharger network, contradicting reports of the unit's closure and recent layoffs of about 500 employees. Despite a brief uptick, Tesla's stock fell 2% in morning trading, continuing an 8.8% decline over four sessions. This comes amid broader concerns over layoffs, potential new tariffs on EVs from China affecting Tesla's significant revenue from the region, and increasing competition in the EV market. Tesla's stock has dropped 32.2% this year but saw an 18.7% increase since a 15-month low in April.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 4:04 pm

TBIO

Telesis Bio shares are trading lower following the announcement of worse-than-expected Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 4:03 pm

ZK

Zeekr's IPO is set to open between $25.75 and $26.25 per share, significantly higher than its initial pricing at $21 per share.

Portfolio Pulse from Benzinga Newsdesk

May 10, 2024 | 4:02 pm

AMPL

Amplitude (NASDAQ:AMPL) received mixed analyst ratings with a downward trend in price targets, indicating a cautious outlook. The average 12-month price target is now $10.75, down 10.42% from $12.00. Analysts from Morgan Stanley, Citigroup, and Piper Sandler adjusted their ratings and price targets, reflecting changing market conditions and Amplitude's performance. Despite a positive revenue growth rate of 9.42% for the last quarter, Amplitude's financials show mixed results, with a high net margin of -25.97% but a low ROA of -4.24%.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 4:01 pm

GLOB

Analysts have provided diverse opinions on Globant (NYSE:GLOB) with 13 ratings ranging from bullish to bearish over the past quarter. The average 12-month price target for Globant is now $252.15, down 3.58% from the previous $261.50. Analyst actions include adjustments to ratings and price targets, reflecting changing market conditions and company performance. Globant's financial performance is strong, with notable revenue growth, net margin, ROE, and ROA, all surpassing industry averages.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 4:01 pm

AFRM

Affirm Holdings (NASDAQ:AFRM) has been the subject of varied analyst ratings over the past three months, with recent updates showing a mix of lowered and raised price targets and ratings. The average 12-month price target for AFRM now stands at $44.0, down from $46.60, reflecting a decrease of 5.58%. Analysts' actions, including both downgrades and upgrades, indicate a nuanced view of the company's future performance. Despite a positive revenue trend with a growth rate of 51.23%, concerns about profitability, debt management, and below-average market capitalization are highlighted.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 4:00 pm

GETY

Getty Images Holdings (NYSE:GETY) has received mixed analyst evaluations over the last three months, with recent ratings ranging from bullish to bearish. The average 12-month price target for GETY is now $7.08, reflecting a 3.66% increase from the previous target of $6.83. Analyst actions include both upgrades and downgrades, with price targets ranging from $6.00 to $8.00. Despite a negative revenue trend and a high debt-to-equity ratio, GETY exhibits strong profitability indicators such as a net margin of 17.31%, ROE of 6.56%, and ROA of 1.53%.

Portfolio Pulse from Benzinga Insights

May 10, 2024 | 4:00 pm

DIS

EA

NKE

RBLX

RL

WMT

Roblox Corporation and Electronic Arts reported disappointing financial forecasts, indicating a slowdown in player spending due to economic uncertainties and high inflation. Roblox's shares plummeted by 22% following its revised growth forecasts, while Electronic Arts missed revenue and earnings estimates, with a 5.1% YoY revenue drop. Both companies are facing challenges in the gaming industry with lower engagement levels. Roblox is exploring revenue diversification through digital ads, featuring brands like Walmart, Nike, and Ralph Lauren, and is competing with Epic Games, which has partnered with Walt Disney Company to enhance Fortnite.

Portfolio Pulse from Upwallstreet

May 10, 2024 | 3:59 pm