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Stock Prices

PLTR

Jim Chanos, a notable short-seller, expressed concerns about Palantir Technologies, Inc. (NYSE:PLTR) on X, highlighting a net purchase of 60 million shares by short-sellers in the last year and insider selling by co-founder Peter Thiel. Despite this, Palantir's stock has rallied about 46% year-to-date. The short ratio and percent of float do not indicate extreme pessimism. Meanwhile, bullish analysts see Palantir as a key AI player, with Wedbush analyst Daniel Ives raising the price target from $30 to $35 based on positive checks and the company's strong Q4 results.

Portfolio Pulse from Shanthi Rexaline

March 14, 2024 | 12:51 pm

DLTR

Dollar Tree, Inc. (NASDAQ:DLTR) reported Q4 FY23 results below expectations with sales growth of 11.9% to $8.63 billion and adjusted EPS of $2.55, missing estimates. The company also provided FY24 guidance with net sales of $31 billion to $32 billion and adjusted EPS of $6.70 to $7.30, both below consensus estimates. Following the report, Dollar Tree shares dropped 14.2%. Analysts from JP Morgan, Truist Securities, and Telsey Advisory Group adjusted their price targets accordingly.

Portfolio Pulse from Avi Kapoor

March 14, 2024 | 12:50 pm

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) shares surged after announcing significant growth in February's operating data, including a rise in funded customers, net deposits, assets under custody, and trading volumes across all asset classes. Bernstein analyst Mahika Sapra initiated coverage on Robinhood with an Outperform rating and a price target of $30, contributing to the stock's rally.

Portfolio Pulse from Adam Eckert

March 14, 2024 | 12:47 pm

FTCI

FTC Solar, Inc. (NASDAQ:FTCI) reported Q4 results with a slight miss on EPS and a slight beat on revenue. Following the results, analysts from HC Wainwright & Co. and Roth MKM adjusted their price targets and ratings on FTCI, with HC Wainwright maintaining a Buy rating but lowering the target from $2.5 to $1.5, and Roth MKM downgrading the stock to Neutral and setting a target of $0.45. The company is also in the process of searching for a new CEO.

Portfolio Pulse from Avi Kapoor

March 14, 2024 | 12:45 pm

HEAR

Turtle Beach Corporation (NASDAQ:HEAR) shares surged premarket after announcing the acquisition of Performance Designed Products (PDP) for $118 million and plans for a reverse Dutch tender auction. The acquisition, involving 3.45 million shares and $79.9 million in cash, is expected to boost combined revenues to $390-$410 million in the first 12 months post-acquisition. Turtle Beach also reported Q4 FY23 results with net revenue of $99.5 million, a slight decline from the previous year, and an adjusted EBITDA of $14.0 million. The company anticipates net revenues of $370-$380 million for 2024, driven by the PDP acquisition. Additionally, Turtle Beach plans to launch a Dutch Auction to purchase up to $30 million of its common shares, with the offer price ranging between $13.75 and $15.00 per share.

Portfolio Pulse from Lekha Gupta

March 14, 2024 | 12:43 pm

ATMU

CMI

Atmus is offering an exchange of 12.0298 shares of its common stock for each share of Cummins common stock accepted in the exchange offer. This strategic move could significantly impact the stock values of both companies in the short term.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:41 pm

WSM

Williams-Sonoma, Inc. (NYSE:WSM) exceeded Q4 earnings expectations with a per-share earnings of $5.44 against estimates of $5.12, and sales of $2.28 billion versus the expected $2.23 billion. The company announced a 26% dividend increase and a new $1 billion stock repurchase program. FY24 revenue growth is projected between -3% to +3%. Following the earnings report, shares surged 17.8%. Analysts from Baird, Telsey Advisory Group, and Goldman Sachs adjusted their price targets and ratings for WSM.

Portfolio Pulse from Avi Kapoor

March 14, 2024 | 12:39 pm

UAA

Evercore ISI Group analyst Michael Binetti downgraded Under Armour (NYSE:UAA) from In-Line to Underperform and reduced the price target from $8 to $7.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:39 pm

C

Citigroup's stock is experiencing an uptick following an upgrade from Neutral to Buy by Goldman Sachs. This endorsement by a prominent investment bank suggests a positive outlook on Citigroup's financial performance and potential for growth, making it an attractive option for investors.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:37 pm

ATNF

180 Life Sciences Corp. (ATNF) has regained full compliance with Nasdaq's minimum bid price requirement for continued listing, as its stock price closed at or above $1.00 per share for 10 consecutive business days.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:36 pm