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SOUN

SoundHound AI (NASDAQ:SOUN) has received diverse analyst ratings over the last three months, with a shift towards more bullish perspectives. The average 12-month price target for SOUN has increased to $7.18, reflecting a 34.96% rise from the previous target of $5.32. Analysts from firms like HC Wainwright & Co., Wedbush, Cantor Fitzgerald, and DA Davidson have updated their ratings and price targets, indicating varying levels of confidence in the company's performance. SoundHound AI, known for its conversational intelligence technology, has shown significant revenue growth of 80.48% as of December 31, 2023, but struggles with profitability and efficient asset utilization.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 12:01 pm

TXN

Jefferies analyst Mark Lipacis downgraded Texas Instruments (TXN) from Buy to Hold and reduced the price target from $200 to $175.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 12:00 pm

APDN

Applied DNA Sciences shares dropped following the announcement of disappointing Q2 financial results, falling short of expectations.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 11:52 am

NIO

XPEV

Nio Inc's CEO William Li purchased a vehicle from rival EV maker XPeng Inc, breaking an 8-year brand loyalty streak. XPeng has seen a 23% year-on-year increase in smart EV deliveries, while Nio reported a 21.2% increase. Nio plans to introduce a new mass-market model and a smaller EV for Europe, emphasizing battery swapping technology.

Portfolio Pulse from Anan Ashraf

May 13, 2024 | 11:48 am

JAN

JanOne acquires blockchain FinTech firm ALT 5 Sigma, issuing 1,799,100 common and 34,207 Series B preferred shares, making ALT 5 Sigma a wholly owned subsidiary.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 11:48 am

SHIBUSD

Shiba Inu (SHIB) is experiencing developments that could lead to a significant price breakout, with trader Javon Marks predicting a potential 4X increase. CoinGate has added SHIB support for transactions, indicating growing mainstream adoption. The meme coin has shown strong performance, with a +810% move since mid-2023, and current indicators suggest a bullish trend.

Portfolio Pulse from Khyathi Dalal

May 13, 2024 | 11:47 am

SEDG

Susquehanna analyst Biju Perincheril downgrades SolarEdge Technologies (SEDG) from Positive to Neutral and lowers the price target from $92 to $56.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 11:41 am

GNK

SBLK

TRN

Wall Street's most accurate analysts recommend three industrials stocks with over 3% dividend yields: Genco Shipping & Trading Limited (GNK), Star Bulk Carriers Corp. (SBLK), and Trinity Industries, Inc. (TRN). GNK and SBLK have been rated Buy with increased price targets, while TRN also received a Buy rating with a raised price target. GNK recently posted downbeat quarterly earnings, SBLK completed a merger with Eagle Bulk, and TRN reported better-than-expected Q1 financial results.

Portfolio Pulse from Avi Kapoor

May 13, 2024 | 11:33 am

AKTS

Akoustis Technologies (AKTS) reported Q3 2024 adjusted EPS of $(0.14), missing the $(0.12) estimate, and quarterly sales of $7.510 million, missing the $8.553 million estimate. This represents a 2.09% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 11:32 am

VRCA

Verrica Pharmaceuticals reported its Q1 2024 earnings with a GAAP EPS of $(0.44), missing the $(0.42) estimate. However, its sales of $3.826M exceeded the $2.777M estimate.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 11:32 am