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AKAM

Akamai Technologies, Inc. (NASDAQ:AKAM) is set to release its Q1 earnings after the market closes on May 9, with expectations of earnings per share at $1.61, up from $1.4 the previous year, and revenue projected at $989.26 million, up from $910.52 million. Additionally, Akamai has entered into an agreement to acquire Noname Security. Shares rose 0.4% to $102.12 recently. Analysts have provided mixed ratings, with adjustments to price targets and ratings reflecting a range of investment outlooks.

Portfolio Pulse from Avi Kapoor

May 09, 2024 | 2:24 pm

OPT

TARA

Shares of Protara Therapeutics (TARA) and Opthea Ltd. (OPT) are experiencing an uptick as traders share a post from 'TipRanks' indicating that Oppenheimer analysts have rated these as 'Strong Buy' penny stocks, with a potential surge of over 400%.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 2:24 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for May 9th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA based on a proprietary formula considering price, volume, and options flow. It offers detailed analysis for each asset, suggesting potential bullish and bearish price targets. The memo also highlights the importance of upcoming economic indicators and the Bank of England's latest rate decision on market sentiment.

Portfolio Pulse from RIPS

May 09, 2024 | 2:20 pm

TSM

High-rolling investors have shown a bullish sentiment on Taiwan Semiconductor (NYSE:TSM) through significant options trading activity, as tracked by Benzinga. The options data reveals a mix of bullish and bearish sentiments, with a notable volume in calls over puts, indicating a targeted price range for TSM between $90.0 and $155.0. The company, a leading chip foundry with a substantial market share, has seen its stock price slightly decline by -1.5% to $141.45. Analysts have recently provided an average price target of $162.0, with ratings ranging from Buy to Overweight.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 2:17 pm

COIN

Deep-pocketed investors have shown a bearish sentiment towards Coinbase Glb (NASDAQ:COIN), as revealed by Benzinga's tracking of public options records. The analysis of options activity indicates a divided sentiment among investors, with a significant lean towards bearishness. The options market dynamics suggest a focus on a price band between $205.0 and $230.0 for COIN. Professional analysts have varying opinions on COIN, with target prices ranging from $255 to $325. The current market status shows COIN's price at $206.79, with a trading volume of 1,385,938 and an RSI indicating it may be approaching oversold territory.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 2:17 pm

BMBL

MTCH

Bumble Inc (NASDAQ:BMBL) reported Q1 earnings with a 10% YoY revenue increase to $268 million and a 25% YoY increase in adjusted EBITDA to $74 million, surpassing expectations. JPMorgan's Cory A. Carpenter maintains an Overweight rating on BMBL, predicting a 45% upside, contrasting with Tinder's parent company Match Group Inc (NASDAQ:MTCH). Despite challenges, Bumble's management is optimistic about future growth, especially with the Bumble app relaunch showing promising initial results. BMBL's stock is currently up 6.28%, trading at $10.92.

Portfolio Pulse from Surbhi Jain

May 09, 2024 | 2:06 pm

GTHX

Traders are closely monitoring G1 Therapeutics following a circulated M&A blog suggesting the company is rumored to have a Contingent Value Right (CVR) aspect, potentially valuing it between $12-$14 per share.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 2:04 pm

BIDU

BYDDF

FDIS

TSLA

XLY

Tesla Inc (NASDAQ:TSLA) is undergoing further job cuts in China amid challenges to regain market share in the face of stiff competition and a global slump in EV demand. The layoffs, part of a global initiative to reduce headcount by over 10%, affect various departments at Tesla's Shanghai plant. This comes as Tesla's market share in China drops to 7.5% in Q1 2024 from 10.5% the previous year, despite securing preliminary approval for its driver-assistance system in China. Tesla's stock is trading lower by 0.4% at $173.93.

Portfolio Pulse from Shivani Kumaresan

May 09, 2024 | 2:03 pm

ARIS

Aris Water Solutions (NYSE:ARIS) has been the subject of diverse analyst opinions over the last three months, with recent evaluations showing a bullish trend. The average 12-month price target for ARIS has risen to $15.1, marking a 13.53% increase from the previous target of $13.30. Analysts from firms like Stifel, Goldman Sachs, Wells Fargo, and Citigroup have raised their price targets, reflecting optimism about the company's performance and market position. Aris Water Solutions, an environmental infrastructure and solutions company, has shown notable financial performance with a revenue growth rate of 25.65% as of December 31, 2023, and impressive profitability metrics such as a net margin of 4.09% and ROE of 1.32%.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 2:01 pm

FNA

Analysts have mixed views on Paragon 28 (NYSE:FNA), with recent ratings ranging from bullish to bearish. The average 12-month price target is $16.57, down from $17.00, with actions including lowering and maintaining ratings. Paragon 28, a medical devices company, shows a positive revenue trend with a 17.58% growth rate but faces challenges in profitability and asset utilization. Its financial performance indicates robust financial management despite a smaller market capitalization compared to industry peers.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 2:00 pm