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W

JPMorgan analyst Christopher Horvers recommends buying Wayfair (NYSE:W) stock despite recent dips due to macroeconomic factors. He maintains an Overweight rating with a revised price target of $63 by December 2024, down from $80. Horvers believes Wayfair's long-term potential remains strong, citing market share gains and strategic initiatives.

Portfolio Pulse from Surbhi Jain

August 02, 2024 | 1:02 pm

AMLX

Amylyx Pharmaceuticals has received Orphan Drug Designation from the European Commission for its drug AMX0035, aimed at treating Wolfram Syndrome. The company expects topline data from its Phase 2 HELIOS trial in Fall 2024.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:01 pm

PCTY

10 analysts have provided mixed opinions on Paylocity Holding (NASDAQ:PCTY) over the past quarter, with a range of ratings from bullish to indifferent. The average 12-month price target has decreased by 9.63% to $173.7. Recent analyst actions include several downgrades in price targets, reflecting cautious sentiment.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 1:00 pm

ARKG

ARKK

MRNA

Cathie Wood's Ark Invest purchased over $19 million worth of Moderna shares after the stock plunged 21% due to reduced revenue guidance. Moderna cited a competitive respiratory vaccine market and weak COVID-19 vaccine sales in Europe as reasons for the guidance cut. Ark's ETFs, ARKK and ARKG, bought 202,991 shares of Moderna, aligning with their strategy of buying on weakness.

Portfolio Pulse from Shanthi Rexaline

August 02, 2024 | 1:00 pm

NCPLW

Trading halt status was updated at 9:00:00 AM ET, with a quotation resumption announced. The news and resumption times are provided.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 1:00 pm

LULU

Lululemon Athletica shares are trading lower after Goldman Sachs downgraded the stock from Buy to Neutral and lowered its price target from $463 to $286.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 12:58 pm

ARE

Alexandria Real Estate Equities shares are trading lower after Jefferies downgraded the stock from Buy to Hold and lowered its price target from $136 to $127.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 12:56 pm

NCPL

Trading halt status for NCPL was updated at 8:55:00 AM ET. The quotation resumption times and related news are expected to follow.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 12:55 pm

SYTA

Trading halt status for SYTA was updated at 8:55:00 AM ET. The halt was due to pending news and the resumption times were provided.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 12:55 pm

FND

Floor & Decor Holdings shares are trading lower after the company reported mixed Q2 financial results and cut its FY24 guidance below estimates.

Portfolio Pulse from Benzinga Newsdesk

August 02, 2024 | 12:54 pm