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RUN

In the last three months, 9 analysts have provided diverse ratings on Sunrun (NASDAQ:RUN), with recent actions including both downgrades and upgrades. The average 12-month price target is now $20.78, down 3.89% from the previous $21.62. Sunrun faces challenges in market capitalization, revenue growth, profitability, and debt management, with significant declines in revenue and net margin. Analysts' ratings and price target adjustments reflect evolving market conditions and Sunrun's performance.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 4:01 pm

CART

Maplebear (NASDAQ:CART), also known as Instacart, has received diverse analyst ratings over the last three months, with a recent shift towards more bullish perspectives. The average 12-month price target for CART has been raised to $42.73, indicating a 19.96% increase from the previous target. Analysts from firms like Barclays, BMO Capital, and Morgan Stanley have raised their price targets, reflecting optimism about the company's market position and financial performance. Instacart's business model, focusing on online grocery delivery and pickup, along with its revenue growth and strong financial metrics such as net margin and ROE, supports the positive outlook.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 4:00 pm

LYFT

25 analysts have recently provided ratings for Lyft (NASDAQ:LYFT), showing a mix of bullish and bearish perspectives. The average 12-month price target for Lyft is now $18.16, up 17.77% from the previous $15.42, with individual analyst actions including rating upgrades and price target adjustments. Lyft's financials indicate a lower market capitalization compared to industry averages, a revenue growth of 4.22% as of December 31, 2023, and strong profitability metrics such as net margin and ROE despite lagging behind industry peers in revenue growth.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 4:00 pm

RGLD

Recent analyst ratings on Royal Gold (NASDAQ:RGLD) show a mix of bullish and indifferent perspectives, with an average 12-month price target of $149.25, down 5.34% from the previous $157.67. Analysts from BMO Capital and Jefferies have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. Royal Gold's financials indicate challenges in revenue growth, profitability, and asset utilization, with a notable decline in revenue growth by -6.33% as of December 31, 2023.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 4:00 pm

PWSC

PowerSchool Holdings (NYSE:PWSC) has been the subject of 9 analyst reviews over the past three months, showing a mix of bullish to bearish sentiments. The average 12-month price target is $26.67, with a recent decrease of 3.02% in the average target. Analyst actions include maintaining, lowering, and raising ratings and price targets, reflecting a nuanced view of the company's prospects. PowerSchool Holdings, a provider of cloud-based software for K-12 education, shows a positive revenue growth rate of 13.08% but struggles with profitability and efficiency, as indicated by its net margin and ROE/ROA figures.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 4:00 pm

BIGC

BigCommerce Holdings, Inc. (NASDAQ:BIGC) reported a 12% year-over-year revenue growth for Q1 2024, reaching $80.36 million and surpassing consensus estimates. Non-GAAP net income per share was 7 cents, exceeding expectations. The company saw increases in subscription revenue, enterprise accounts, and average revenue per account. Total annual revenue run-rate and ARR from enterprise accounts also grew. Improvements were noted in non-GAAP gross and operating margins, and adjusted EBITDA turned positive. Revenue growth was reported across all regions. The company anticipates further growth from new technologies and product releases. Q2 and full-year 2024 revenue and non-GAAP operating income forecasts were provided. BIGC shares surged 13.53% to $7.60.

Portfolio Pulse from Akanksha Bakshi

May 09, 2024 | 3:57 pm

YTEN

Yield10 Bioscience shares surged after the company announced that its Registration Statement has not been declared effective by the SEC, confirming that no securities have been sold.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:54 pm

BLUE

Bluebird Bio's stock is trading higher following the announcement of their Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:53 pm

X

The White House has announced President Biden's commitment to ensuring that U.S. Steel remains under American ownership. This statement underscores the administration's focus on national security and economic stability by keeping critical industries domestically owned.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 3:53 pm

AFRM

AMZN

SHOP

Affirm Holdings Inc (NASDAQ:AFRM) experienced a notable selloff, dropping over 9% after its fiscal third-quarter results, despite beating earnings expectations and announcing a positive GMV outlook for the fiscal fourth quarter. Analysts from JPMorgan, Goldman Sachs, Mizuho Securities, and Needham provided their insights, with JPMorgan upgrading the stock from Neutral to Overweight and raising the price target. The selloff was seen as 'baffling' by some, given the company's performance and the milestone of surpassing one million active Affirm Card holders. The decline was also attributed to a negative reaction in sympathy with Shopify Inc's (NASDAQ:SHOP) stock drop, despite Affirm's limited exposure to Shopify's performance.

Portfolio Pulse from Priya Nigam

May 09, 2024 | 3:53 pm