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The article highlights the top 5 oversold tech stocks with potential for significant gains, based on their low Relative Strength Index (RSI) values. These include Rapid7, Cloudflare, Sprout Social, Teradata Corporation, and Fastly, each experiencing recent price drops despite reporting various degrees of positive financial performance.

Portfolio Pulse from Avi Kapoor

May 09, 2024 | 11:57 am

VITL

Vital Farms' stock price increased following the announcement of Q1 sales results that exceeded expectations and the issuance of FY24 revenue guidance surpassing estimates.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:56 am

EMR

Emerson Electric Co (NYSE:EMR) reported Q2 FY24 results surpassing expectations with a 17% Y/Y net sales growth to $4.38 billion and adjusted EPS of $1.36. The company also declared a quarterly dividend of $0.525 per share. Following the results, Emerson revised its FY24 outlook positively and received mixed price target adjustments from Deutsche Bank, Baird, and Mizuho. Shares rose 4.9% to close at $112.65.

Portfolio Pulse from Avi Kapoor

May 09, 2024 | 11:56 am

BMBL

Bumble's stock price increased following the announcement of Q1 financial results that exceeded expectations. Additionally, Evercore ISI Group has reaffirmed its Outperform rating on Bumble and increased its price target from $17 to $18.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:55 am

WRBY

Warby Parker's shares surged following the announcement of improved Q1 GAAP EPS results and sales exceeding expectations. Additionally, the company has uplifted its net revenue guidance for FY24.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:53 am

CEG

Constellation Energy's shares have declined due to the company reporting lower than expected revenue for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:52 am

CRNC

Cerence Inc. shares dropped following its Q2 financial results announcement, accompanied by Q3 and FY24 revenue forecasts that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:52 am

EMR

Mizuho analyst Brett Linzey has maintained a Buy rating on Emerson Electric (NYSE:EMR) and increased the price target from $130 to $135, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:50 am

CARS

Cars.com projects its FY24 revenue to grow by 6%-8%, indicating a positive outlook for the company's financial performance in the upcoming fiscal year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:50 am

CEG

Constellation Energy (NASDAQ:CEG) reported Q1 2024 adjusted EPS of $1.82, surpassing the $1.49 estimate, but its sales of $6.161B fell short of the $7.856B estimate, marking an 18.56% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 11:50 am