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UBER

U.S. stocks traded lower with the Nasdaq Composite down over 50 points. Uber Technologies reported a Q1 loss, missing revenue and EPS estimates. Reborn Coffee, iSun, and Innodata saw significant stock increases, while Treace Medical Concepts, DoubleVerify Holdings, and Seres Therapeutics experienced sharp declines.

Portfolio Pulse from Avi Kapoor

May 08, 2024 | 2:02 pm

BROS

OLO

Dutch Bros Inc. (NYSE:BROS) shares surged after reporting Q1 earnings that exceeded expectations and raising its full-year revenue guidance. Earnings per share were 9 cents, surpassing the 2 cents estimate by 350%. Sales reached $275.1 million, an 8.09% beat over the $254.5 million estimate and a 39.46% increase year-over-year. The company also announced a partnership with Olo, Inc. (NYSE:OLO) for mobile app ordering and payment. Dutch Bros revised its 2024 revenue outlook upwards and expects to open 150 to 165 new shops. Wedbush analyst Nick Setyan raised the price target for BROS from $37 to $39.

Portfolio Pulse from Erica Kollmann

May 08, 2024 | 2:02 pm

ATHM

Autohome Inc. (ATHM) exceeded Q1 earnings and sales forecasts, reporting an EPS of $0.56 against an expected $0.49 and sales of $222.85M against an expected $220.60M. Despite beating estimates, this represents a slight decrease from the previous year's figures.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 2:01 pm

CTV

Innovid (NYSE:CTV) has received mixed analyst ratings over the past three months, with recent updates showing a positive shift in sentiment. The average 12-month price target for Innovid is now $2.39, marking a 34.27% increase from the previous target of $1.78. Analysts from Needham and Morgan Stanley have raised their price targets, reflecting optimism about the company's performance. Innovid's financials show a positive revenue trend with a 14.6% growth rate and strong profitability indicators, despite a market capitalization below industry averages.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 2:01 pm

MWA

Analysts have varied opinions on Mueller Water Products (NYSE:MWA), with recent ratings ranging from neutral to outperform. The average 12-month price target has increased to $18.75, up 19.66% from $15.67. Analyst actions include rating adjustments and target changes, reflecting a positive outlook on the company's performance, especially in revenue growth and financial health. Mueller Water Products, known for its water transmission and distribution products, shows strong market performance with significant revenue growth and efficient cost management.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 2:01 pm

HSIC

Henry Schein (NASDAQ:HSIC) has been the subject of diverse analyst ratings over the last three months, with 7 analysts offering views that range from bullish to bearish. The average 12-month price target for HSIC has been raised to $83.71, up 5.3% from the previous $79.50. Analyst actions include both upgrades and downgrades, with price targets ranging from $78.00 to $90.00. Despite a negative revenue trend showing a 10.5% decline, Henry Schein's financial performance indicators such as net margin, ROE, and ROA outperform industry averages, suggesting strong profitability and effective asset utilization.

Portfolio Pulse from Benzinga Insights

May 08, 2024 | 2:00 pm

HR

Wedbush analyst Richard Anderson has maintained a Neutral rating on Healthcare Realty Trust (NYSE:HR) and raised the price target from $15 to $16.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:59 pm

TSM

TSM shares are trading higher after a report surfaced about the company's plans to increase its N3E process capacity.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:57 pm

INTC

Intel shares are trading lower following the company's announcement that it expects Q2 revenue to fall below its original midpoint. This is due to the US Department of Commerce revoking certain licenses for China customers, impacting Intel's business operations and revenue expectations.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:53 pm

SHOP

On CNBC, Shopify President Harley Finkelstein discussed the company's Q1 results, highlighting that shares plunged due to weak guidance.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 1:53 pm