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FSLY

Fastly Inc (NYSE:FSLY) received an upgrade from Neutral to Overweight by Piper Sandler analyst James Fish, despite mixed Q4 results. The upgrade is based on a favorable competitive landscape, stabilizing OTT metrics, and new packaging driving sustainability in Fastly's CDN business. Growth is notably coming from non-Top 10 enterprises, with opportunities in Fastly's Security business expected to contribute to further growth. Following the upgrade, Fastly's shares rose by 7.30% to $13.44.

Portfolio Pulse from Priya Nigam

April 08, 2024 | 4:13 pm

AGEN

AUUD

LGVN

PERI

PLOW

WTO

Perion Network Ltd. significantly reduced its FY24 revenue guidance, causing its shares to tumble by 35%. Meanwhile, Auddia Inc., UTime Limited, and Longeveron Inc. saw their shares surge due to positive developments. Douglas Dynamics faced a downgrade from Baird, and Agenus Inc. announced a reverse stock split. Overall, U.S. stocks traded higher, with consumer discretionary shares leading gains and energy shares lagging.

Portfolio Pulse from Avi Kapoor

April 08, 2024 | 4:12 pm

TPCS

TechPrecision Corporation (NASDAQ:TPCS) shares surged after announcing the termination of its agreement to acquire Votaw Precision Technologies. The termination followed failed negotiations to reinstate and extend the Stock Purchase Agreement with Doerfer Corporation. Doerfer expects a termination fee of 320,000 TechPrecision shares. The acquisition was initially set for $85 million. TPCS shares rose 24.84% to $4.12.

Portfolio Pulse from Lekha Gupta

April 08, 2024 | 4:09 pm

CRPT

MSTR

MVPA

Benchmark analyst Mark Palmer maintained a Buy rating on MicroStrategy Inc (NASDAQ:MSTR) and raised the price target from $990 to $1,875, citing the company's strong positioning to benefit from the upcoming Bitcoin halving. The halving, expected by April 20, will reduce new Bitcoin supply by half, potentially boosting Bitcoin's price, which Palmer believes could reach $150,000 by the end of 2025. MicroStrategy's strategy of increasing its Bitcoin holdings, funded by capital markets transactions and its enterprise software business, supports the stock's premium valuation. MicroStrategy's stock has surged 412% in the past 12 months, and exposure to it can also be gained through First Trust SkyBridge Crypto Industry And Digi Economy ETF (NYSE:CRPT) and Advisor Managed Portfolios Miller Value Partners Appreciation ETF (NYSE:MVPA).

Portfolio Pulse from Anusuya Lahiri

April 08, 2024 | 4:07 pm

ETAO

Etao International's shares have resumed trading. This development could indicate a resolution to any issues that previously halted trading, potentially impacting investor confidence and stock performance.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 4:07 pm

ETAO

Shares of Etao International were halted due to a circuit breaker triggered by a rapid upside movement, with the stock now showing a significant increase of 178.9%.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 4:04 pm

MRUS

Merus N.V. (NASDAQ:MRUS) presented preclinical data at the AACR Annual Meeting 2024 showing the efficacy of zenocutuzumab (Zeno) in cancer models with high NRG1 expression. The study demonstrated Zeno's anti-tumor activity across multiple tumor types, including significant tumor growth inhibition in 7 out of 28 patient-derived xenograft models. Zeno, a HER2 × HER3 bispecific antibody, also inhibited proliferation in specific gastric and breast cancer cell lines, as well as an NRG1-amplified lung cancer cell line.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 4:03 pm

NFLX

TKO

TKO Group Holdings Inc (NYSE:TKO), owner of UFC and WWE, is highlighted by Goldman Sachs for its potential growth driven by media rights, sponsorships, and live entertainment revenue. Analyst Stephen Laszczyk maintains a Buy rating with a $102 target. The partnership with Netflix for WWE Raw is seen as a game changer, offering new advertising opportunities and enhancing fan engagement. TKO's management views the Netflix deal as adding credibility to WWE, similar to UFC's boost from its ESPN deal. TKO shares rose 2% to $93.98.

Portfolio Pulse from Chris Katje

April 08, 2024 | 4:02 pm

HAL

Recent evaluations by 6 financial analysts on Halliburton (NYSE:HAL) show diverse outlooks, ranging from bullish to bearish, with a negative shift in sentiment as the average 12-month price target was decreased by 4.25% to $48.83. Halliburton, a leading oilfield service firm, has shown impressive financial performance with a revenue growth rate of 2.81%, a net margin of 11.52%, and an ROE of 7.13%. The company's debt-to-equity ratio is below the industry average, indicating a healthy balance between debt and equity.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 4:01 pm

BKR

Analysts have diverse views on Baker Hughes (NASDAQ:BKR), with recent ratings ranging from bullish to bearish. The average 12-month price target is now $40.2, down from $42.50, indicating a 5.41% decrease. Analysts from firms like Susquehanna, RBC Capital, Barclays, and Citigroup have adjusted their ratings and price targets. Baker Hughes, a leader in oilfield services and equipment, has seen a 15.75% revenue growth but faces challenges in profitability and asset management.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 4:01 pm