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SQSP

Baird analyst Vikram Kesavabhotla downgraded Squarespace (SQSP) from Outperform to Neutral and reduced the price target from $45 to $44.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:13 pm

AMD

META

MSFT

NVDA

ORCL

SONY

AMD reported a slight revenue increase and a return to net income in Q1 but failed to meet high expectations, especially in AI chip sales compared to Nvidia. Despite an 80% jump in data center revenue, weaknesses in gaming and embedded segments weighed on results. AMD's AI chips are used by Microsoft, Meta, and Oracle, with over $1 billion in sales since Q4 2022. However, gaming revenue dropped 48%, and embedded segment revenue fell 46%. AMD raised its full-year AI chip sales forecast but provided a Q2 revenue guidance in line with estimates, disappointing investors hoping for stronger demand.

Portfolio Pulse from Upwallstreet

May 13, 2024 | 4:09 pm

ON

ON Semiconductor shares are trading higher following an upgrade by Jefferies, which raised its price target on the stock to $100.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:08 pm

F

Ford shares are experiencing an uptick following reports that President Biden plans to escalate tariffs on Chinese electric vehicles (EVs). This move is perceived as beneficial for Ford, potentially reducing competition from Chinese EV manufacturers in the U.S. market.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:05 pm

ON

Recent analyst ratings for ON Semiconductor (NASDAQ:ON) show a mix of bullish and bearish perspectives, with a notable decrease in the average 12-month price target from $91.80 to $84.65, reflecting a 7.79% decrease. Analysts from firms like Jefferies, Truist Securities, and Deutsche Bank have adjusted their ratings and price targets, indicating a nuanced view of the company's future performance. Despite facing revenue challenges with a -4.95% decline over 3 months, ON Semiconductor maintains a strong financial performance with a high net margin of 24.32% and exceptional ROE and ROA figures.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 4:01 pm

EOG

EOG Resources (NYSE:EOG) has received diverse analyst ratings over the past quarter, with a total of 20 analysts offering opinions ranging from bullish to bearish. Recent updates show a positive shift in the 12-month price target average to $146.25, up 2.44% from the previous $142.76. Analyst actions include both upgrades and downgrades, with price targets adjusted accordingly. EOG Resources, a major oil and gas producer, reported strong financials for 2023, including net proven reserves of 4.5 billion barrels of oil equivalent and a net production average of 985,000 barrels per day. The company's market capitalization, revenue growth, net margin, ROE, ROA, and debt management indicate a robust financial performance and market position.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 4:00 pm

GMAB

NVO

Genmab shares are trading higher following Novo Nordisk's announcement of positive results from the FRONTIER 2 trial in individuals aged 12 or older with Haemophilia A.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:00 pm

REVB

Revelation Biosciences shares are trading lower following the announcement of worse-than-expected Q1 EPS results.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:00 pm

MRVL

33 analysts have recently updated their ratings on Marvell Tech (NASDAQ:MRVL), showing a mix of bullish to bearish sentiments. The average 12-month price target is now $90.12, reflecting an 18.35% increase from the previous target of $76.15. Analyst actions include maintaining, raising, and lowering ratings and price targets, indicating varied expectations for Marvell Tech's performance. Despite the optimistic price targets, Marvell Tech's financial overview reveals challenges such as below-average market capitalization, revenue growth lagging behind industry peers, and lower net margin, ROE, and ROA compared to industry averages.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 4:00 pm

MTDR

Recent analyst ratings for Matador Resources (MTDR) show a mix of bullish sentiment with an average 12-month price target of $76.00, reflecting a 3.78% increase from the previous target. Analysts from firms like Mizuho, Truist Securities, and Wells Fargo have adjusted their ratings and price targets, indicating a positive outlook on MTDR's financial performance, which includes a notable revenue growth rate of 39.33% and a strong net margin of 24.67%.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 4:00 pm