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SONO

Recent analyst ratings for Sonos (NASDAQ:SONO) show a positive trend, with 4 analysts offering views ranging from bullish to somewhat bullish over the past three months. The average 12-month price target has been raised to $24.25, indicating a 21.25% increase from the previous target of $20.00. Key financial indicators reveal Sonos's strong market performance, including a notable net margin of 13.21% and an ROE of 14.54%, despite a revenue decline of -8.88% over the last quarter.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 12:02 pm

MNDY

Monday.Com (NASDAQ:MNDY) has been analyzed by 12 analysts, showing a shift towards a more bullish outlook with an increase in the average price target to $245.00 from $225.43. Analysts from firms like JP Morgan and Tigress Financial have raised their price targets, reflecting optimism about the company's future performance. Monday.Com's financial indicators such as revenue growth and net margin are strong, but its ROE is below industry averages. The company's market positioning and operational scale are also discussed, highlighting its global presence and innovative platform.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 12:01 pm

XIACF

Xiaomi (OTC:XIACF) announced its first electric vehicle, the SU7 sedan, will be priced below $70,000. The vehicle, with two versions offering up to 800km range, surpasses Tesla's Model S in range. Official pricing will be revealed on March 28, with orders starting subsequently. Xiaomi aims to enter the top five automakers, with the CEO comparing the SU7 to Porsche Taycan and Tesla Model S. Despite new initiatives expenses, Xiaomi reported a 126.3% year-on-year profit growth for 2023.

Portfolio Pulse from Anan Ashraf

March 25, 2024 | 12:01 pm

BABA

BILI

ONLN

PGJ

XPEV

Alibaba Group Holding Ltd (NYSE:BABA) is pausing operations of its Ling Shou Tong platform to adjust its business strategy, focusing on AI and core retail and technology sectors. Despite this, LST is not shutting down or merging with another platform. Alibaba sold $360 million of Bilibili Inc (NASDAQ:BILI) shares and reduced stakes in other companies, reallocating resources towards AI. It plans to launch a new processor to counteract U.S. export controls on chip technologies. Alibaba's stock has declined over 16% in the past year, but can be accessed through ETFs like Invesco Golden Dragon China ETF (NASDAQ:PGJ) and ProShares Online Retail ETF (NYSE:ONLN).

Portfolio Pulse from Anusuya Lahiri

March 25, 2024 | 12:01 pm

BIGC

BigCommerce Holdings (NASDAQ:BIGC) has been evaluated by 5 analysts over the last three months, showing a mix of opinions. The average 12-month price target is now $11.0, up 1.1% from the previous $10.88, with a high estimate of $20.00 and a low of $7.50. Analysts have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. BigCommerce's financials show a solid revenue growth rate of 16.18% as of December 31, 2023, but lag behind industry peers. The company's net margin outperforms industry averages, yet it faces challenges with a high debt-to-equity ratio and below-average ROE and ROA.

Portfolio Pulse from Benzinga Insights

March 25, 2024 | 12:01 pm

NIO

RIVN

TSLA

Tesla, Inc. (TSLA) shares fell over 1% in premarket trading due to a downgrade by Mizuho Securities analyst Vijay Rakesh, who also downgraded Rivian Automotive, Inc. (RIVN) and Nio, Inc. (NIO) from Buy to Neutral. The downgrade was based on near-term demand weakness and tightening liquidity. Additionally, concerns about Tesla's Q1 deliveries potentially falling below consensus estimates and unsustainable valuation were raised by Gary Black of Future Fund. Broader market negativity also contributed to the stock's decline.

Portfolio Pulse from Shanthi Rexaline

March 25, 2024 | 11:56 am

YY

B of A Securities analyst Lei Zhang downgraded JOYY (NASDAQ:YY) from Buy to Neutral and set a price target of $35.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 11:53 am

UL

Bloomberg reported that Unilever's CEO hinted the Netherlands might win the battle for the listing of its ice cream division. This development could influence Unilever's strategic decisions and market positioning.

Portfolio Pulse from Charles Gross

March 25, 2024 | 11:52 am

AAPL

BIDU

Baidu's stock is on the rise following reports of discussions with Apple about integrating Baidu's AI technology into the iPhone 16 and other Apple products for the Chinese market.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 11:51 am

ALLR

Allarity Therapeutics has received a formal extension until April 24, 2024, to meet Nasdaq's listing compliance requirements. This extension provides the company additional time to address and rectify the issues that led to the non-compliance notice.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 11:50 am