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Stock Prices

UPST

Upstart Holdings (NASDAQ:UPST) has seen a significant options trading activity, indicating a bullish sentiment among big-money investors, with a split of 66% bullish and 33% bearish. The trading activity suggests a target price range of $30.0 to $40.0 for the next three months. The company, which offers AI-enabled lending platform services, has its next earnings report due in 7 days. Despite the bullish options activity, an analyst from Mizuho maintains an Underperform rating with a target price of $23.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 3:32 pm

SQ

Recent options trading trends indicate a bearish stance on Block (NYSE:SQ), with 80% of the big-money trades being puts. The trading volume and open interest suggest a price target between $62.5 and $85.0. Despite this, Block's stock is slightly up, with analysts from BTIG and Wedbush upgrading their ratings to Buy and Outperform, respectively, with price targets of $85 and $90. This mixed sentiment could lead to short-term volatility in SQ's stock price.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 3:32 pm

MANH

Over the past 20 years, Manhattan Associates (NASDAQ:MANH) has produced an average annual return of 19.49%, outperforming the market by 11.95%. A $1000 investment in MANH 20 years ago would be worth $34,036.74 today. The company currently has a market capitalization of $15.34 billion.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 3:30 pm

GWW

W.W. Grainger (NYSE:GWW) has significantly outperformed the market with an average annual return of 25.16% over the past 5 years, turning a $100 investment into $313.73 today. The company's market capitalization stands at $46.94 billion.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 3:30 pm

PYPL

PayPal Holdings Inc (NASDAQ:PYPL) is set to report its Q4 earnings on Feb. 7, with expectations of $1.26 EPS and $7.26 billion in revenues. Despite challenges in the e-commerce landscape, PayPal shows resilience with signs of e-commerce volume surpassing expectations, contributing to anticipated growth in checkout volume for Q4. The company's cost controls and labor management are expected to enhance operational efficiency. PayPal, with around 430 million active accounts, remains focused on market leadership despite laying off 9% of its workforce. Analysts are keen on engagement metrics like revenue per user, payment transactions per account, and total transactions. The consensus analyst rating is Neutral with a price target of $63.44, though recent reviews have downgraded the stock to a range of $65-$66. PayPal's stock was trading at $61.90 at the time of publication.

Portfolio Pulse from Surbhi Jain

February 06, 2024 | 3:28 pm

AI

PLTR

C3.ai Inc (NYSE:AI) shares rose by 6.34% following Palantir Technologies Inc's (NYSE:PLTR) strong quarterly results, which showed a 20% year-over-year revenue increase and a significant growth in commercial revenue and customer count. The demand for AI platforms, as highlighted by Palantir's CEO, is driving interest in companies like C3.ai that offer similar AI solutions.

Portfolio Pulse from Adam Eckert

February 06, 2024 | 3:26 pm

BA

EADSY

SPR

Spirit AeroSystems Holdings Inc (NYSE:SPR) reported a 37% Y/Y revenue growth for Q4 FY23, reaching $1.81 billion and surpassing the consensus of $1.74 billion. This growth was attributed to higher production deliveries across most Commercial programs, increased Defense and Space and Aftermarket revenue, and favorable adjustments from a Boeing Company (NYSE:BA) agreement. Despite the revenue beat, adjusted EPS was $0.48, missing the consensus of $0.87. Spirit's backlog stood at ~$49 billion, including Airbus SE (OTC:EADSY) work packages. The company refrained from providing guidance due to uncertainties with the 737 MAX production rate and Airbus price negotiations.

Portfolio Pulse from Lekha Gupta

February 06, 2024 | 3:25 pm

GRRR

Gorilla Technology Group, Inc. (NASDAQ:GRRR) shares surged nearly 100% on Monday following the announcement of their financial results for the first nine months of 2023. The company reported a revenue of $37.9 million, more than doubling from the same period last year. CEO Jay Chandan highlighted the team's dedication and hard work as key to exceeding Q3 expectations. The stock's movement is also supported by heavy trading volume, with over 21.6 million shares traded.

Portfolio Pulse from Erica Kollmann

February 06, 2024 | 3:24 pm

BRTX

BioRestorative Therapies, Inc. (BRTX) stock plummeted by 55% to $1.56 following an announcement of agreements with certain warrant holders to exercise their warrants at a reduced price of $2.33, generating about $8.1 million in gross proceeds. The transaction, advised by Roth Capital Partners, was structured as an at-market transaction under Nasdaq rules.

Portfolio Pulse from Henry Khederian

February 06, 2024 | 3:23 pm

GEHC

PLTR

SPOT

TM

GE HealthCare Technologies Inc. (NASDAQ:GEHC) reported better-than-expected quarterly earnings and sales, leading to an 8.3% stock price increase. Other companies like Palantir Technologies, AudioCodes, Frontier Group Holdings, and several more also saw significant gains after reporting positive financial results or receiving analyst upgrades.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 3:20 pm