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VECO

Veeco Instruments (NASDAQ:VECO) has received mixed analyst ratings over the past three months, with 6 analysts offering evaluations. The sentiment has shifted positively, with the average 12-month price target rising to $39.67, up 12.28% from the previous $35.33. Analysts from firms including Goldman Sachs, Barclays, Needham, Citigroup, and Benchmark have raised their price targets, reflecting optimism about the company's financial performance and market position. Veeco Instruments, a company engaged in manufacturing thin-film process equipment, has shown a positive revenue trend with a growth rate of 13.09% and a notable net margin of 12.44%, outperforming industry averages.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 7:01 pm

TONUSD

Toncoin (CRYPTO: TON) has seen a significant increase in its price, rising 8.79% in the last 24 hours to $6.32, and a 21.0% gain over the past week from $5.13. The coin's all-time high is $7.63. Trading volume surged 97.0% over the week, with the circulating supply growing by 0.26% to over 3.47 billion. Toncoin's market cap ranks it #9 at $21.94 billion.

Portfolio Pulse from Benzinga Insights

May 09, 2024 | 7:00 pm

CTMX

CytomX Therapeutics Inc (NASDAQ:CTMX) released initial data from its CX-904 Phase 1a study, showing a favorable safety profile and confirmed anti-cancer activity in heavily pretreated patients with advanced metastatic solid tumors. The study, which enrolled 35 patients, demonstrated measurable tumor reduction in eight patients, including two with pancreatic cancer showing confirmed partial responses. Despite the positive clinical data, CTMX shares dropped 46.1% to $2.259. Analysts from Wedbush upgraded CTMX to Outperform, raising the price target from $3 to $8, citing promising technology validation and clinical pipeline progression. However, H.C. Wainwright remains cautious, awaiting a broader dataset for pancreatic cancer due to historical clinical challenges in this subtype, maintaining a Neutral rating without a price target.

Portfolio Pulse from Vandana Singh

May 09, 2024 | 6:59 pm

AMD

AMZN

ARM

INTC

QCOM

Arm Holdings Plc (NASDAQ:ARM) stock traded lower after its fiscal 2025 guidance disappointed investors, projecting revenues and EPS below analyst consensus. Despite this, analysts remain optimistic about ARM's growth potential in AI and chip design, competing directly with Qualcomm, Intel, and AMD. Analysts from BofA Securities, Needham, Rosenblatt, Mizuho, Goldman Sachs, and JPMorgan have reiterated their ratings, with price targets ranging from $110 to $180, highlighting ARM's leverage in semiconductor IP market share and its potential in Cloud and Automotive sectors.

Portfolio Pulse from Anusuya Lahiri

May 09, 2024 | 6:53 pm

MSFT

SONY

TTWO

The Rockstar Games website briefly displayed placeholders for GTA 6 screenshots, cover art, and a release date, indicating the game's development progress. This leak comes ahead of Take-Two Interactive's investor call and amidst speculation of an imminent announcement. GTA 6 is expected to release on PlayStation 5 and Xbox Series X|S in 2025.

Portfolio Pulse from Franca Quarneti

May 09, 2024 | 6:52 pm

PCG

Regulators have rejected Pacific Gas & Electric's proposal to sell a stake in its power unit. This decision could impact the company's financial and strategic plans.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:46 pm

SHOP

JMP Securities analyst Andrew Boone upgraded Shopify (NYSE:SHOP) from Market Perform to Market Outperform with a new price target of $80.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:45 pm

FUN

Cedar Fair's stock (FUN) is trading higher after the company reported higher than expected revenue for the first quarter.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:45 pm

PYCR

Paycor HCM's shares dropped following the company's announcement of weaker than expected revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:43 pm

EVGO

Cantor Fitzgerald analyst Andres Sheppard upgraded EVgo Inc (NASDAQ:EVGO) from Neutral to Overweight, adjusting the price target from $5 to $4, following a strong Q1 FY24 performance. EVGO reported a 118.2% year-on-year sales increase to $55.16 million, surpassing estimates, with an EPS of $(0.09) beating expectations. The company announced CFO Olga Shevorenkova's departure, a significant increase in charger utilization and network throughput, and an increase in Plugshare-registered users to over 5 million. Management reaffirmed its FY24 revenue guidance and the goal to achieve breakeven Adj. EBITDA by 2025. EVGO's stock has risen 9.7% to $1.92, reflecting optimism from these developments.

Portfolio Pulse from Shivani Kumaresan

May 09, 2024 | 6:41 pm