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OKTA

Okta reported strong Q2 results, beating revenue and earnings expectations. However, analysts have mixed reactions, with some cutting price targets due to concerns over decelerating growth in subscription revenue and cRPO. Despite positive execution in enterprise deals, Okta's shares fell 16.51% amid concerns about future growth.

Portfolio Pulse from Priya Nigam

August 29, 2024 | 4:00 pm

AFRM

SQ

Block, Inc. (NYSE:SQ) shares are trading higher as Affirm Holdings, Inc. (NASDAQ:AFRM) reports strong quarterly results, boosting sentiment in the Buy Now, Pay Later sector. Affirm's revenue grew nearly 50% year-over-year, and it provided upbeat guidance. UBS analyst Rayna Kumar maintained a Buy rating on Block but lowered the price target from $100 to $92. Block shares are up 5.24% at $68.07.

Portfolio Pulse from Erica Kollmann

August 29, 2024 | 3:58 pm

THCH

TH International reported a year-over-year decrease in Q2 revenue, leading to a decline in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 3:54 pm

GANX

Gain Therapeutics shares are trading lower despite announcing positive results from their Phase 1 study of GT-02287, which evaluated its safety, tolerability, and pharmacokinetics.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 3:53 pm

AAL

DAL

LUV

UAL

The U.S. Department of Transportation reports that U.S. airlines have canceled 1.6% of flights this year, which is below pre-pandemic levels, as summer travel reaches a new record.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 3:49 pm

JCSE

JE Cleantech Holdings Limited has regained compliance with Nasdaq's minimum bid price requirement, ensuring its continued listing on the Nasdaq Capital Market.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 3:48 pm

EOSE

EOS Energy shares rose as the company met initial performance milestones tied to Carberus Capital Management's investment, enabling it to access an additional $30 million from a delayed draw term loan.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 3:48 pm

BIDU

Jiyue, an electric vehicle manufacturer backed by Baidu and Geely, has started pre-sales for its new Jiyue 07 sedan, with an official launch set for September 10. The Jiyue 07 is a C-class all-electric sedan featuring the Apollo 2.0 smart driving system. Baidu's stock (BIDU) saw a 2.11% increase following the news.

Portfolio Pulse from Nabaparna Bhattacharya

August 29, 2024 | 3:45 pm

UPST

Upstart Holdings Inc (UPST) shares rose by 6.46% following Affirm Holdings Inc's strong financial results, which boosted investor confidence in the fintech sector. Affirm's earnings exceeded estimates, highlighting the growth potential of the BNPL industry, positively impacting Upstart's stock.

Portfolio Pulse from Henry Khederian

August 29, 2024 | 3:45 pm

NOAH

Noah Holdings shares are experiencing an upward trend following the release of their Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 3:44 pm