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SEMR

SEMrush Holdings (NYSE:SEMR) has seen a diverse range of analyst ratings over the last three months, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target for SEMR has increased to $13.57, reflecting a 21.16% rise from the previous target. Recent analyst actions include adjustments to ratings and price targets by firms such as Piper Sandler, Needham, Jefferies, and Goldman Sachs. SEMrush's financial performance shows strong revenue growth, profitability, and effective debt management, positioning it favorably among peers in the Information Technology sector.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 1:00 pm

CHPT

COOK

CRWD

EMR

JWN

MCRB

ROST

TGT

TWLO

Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Sea Limited, Target Corporation, Seres Therapeutics, Nordstrom, ChargePoint Holdings, CrowdStrike Holdings, Twilio, Ross Stores, Traeger, and Emerson Electric. The changes include both upgrades and downgrades, with notable adjustments in price targets reflecting analysts' revised expectations for these companies.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 1:00 pm

FXI

STLA

Stellantis has received approval from Chinese regulators to form a joint venture with LeapMotor, according to Reuters citing sources. This move marks a significant step for Stellantis in expanding its presence in the Chinese market.

Portfolio Pulse from Charles Gross

March 06, 2024 | 12:58 pm

Estee Lauder's stock price is trading lower due to a report indicating that its acne cream products have high levels of carcinogens.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:56 pm

APM

Trading for APM was halted at 7:55:05 a.m. ET due to pending news. This action indicates that significant news is expected to be released, which could materially impact the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:55 pm

CHPT

ChargePoint Holdings, Inc. (NYSE:CHPT) shares dropped in premarket trading on Wednesday after reporting Q4 financial results and guidance below estimates. The company's shares have lost over 70% in the last six months, underperforming the S&P 500. ChargePoint reported a quarterly loss of 23 cents per share, with sales missing analyst estimates. The company also announced a revenue forecast for the next quarter significantly lower than expected. Additionally, ChargePoint highlighted its collaboration with AcBel Polytech for developing EV charging solutions.

Portfolio Pulse from Nabaparna Bhattacharya

March 06, 2024 | 12:52 pm

CECO

CECO Environmental Corp (NASDAQ:CECO) exceeded Q4 expectations with adjusted earnings of 28 cents per share and sales of $153.71 million, surpassing estimates. The company raised its 2024 revenue and adjusted EBITDA forecasts. Following the report, HC Wainwright & Co. and Needham increased their price targets for CECO, despite its shares falling 17.9% to close at $18.81.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 12:39 pm

VBNK

VersaBank (NASDAQ:VBNK) reported Q1 earnings of $0.36 per share, surpassing the $0.35 estimate, marking a 44% increase from last year. However, their sales of $21.35M fell short of the $22.43M estimate, despite being an 11.49% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:39 pm

AFMD

Affimed announced a 1-for-10 reverse stock split, leading to its shares trading lower. This financial maneuver is often undertaken by companies aiming to increase their stock price to meet exchange listing requirements or to improve perceptions of the stock's value among investors. However, it can also signal underlying issues or a lack of positive growth prospects, which might concern investors.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:37 pm

NEXN

Nexxen International (NASDAQ:NEXN) reported Q4 adjusted EPS of $0.20, surpassing the $0.14 estimate, with sales of $95.92M exceeding the $88.580M estimate. This represents a 33.33% decrease in earnings and a 10.94% decrease in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 12:35 pm