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MQ

Marqeta (NASDAQ:MQ) has received mixed analyst ratings over the past three months, with 6 analysts offering views ranging from bullish to bearish. The average 12-month price target is $7.5, marking a 13.98% increase from the previous average of $6.58. Analysts from Wells Fargo, Barclays, Keybanc, Truist Securities, Mizuho, and Morgan Stanley have all raised their price targets for Marqeta. The company, known for its card-issuing platform, faces financial challenges with a -43.17% revenue decline and below-industry-standard profitability metrics.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 5:00 pm

TSN

Barclays has maintained its Underweight rating for Tyson Foods (NYSE:TSN) but raised its price target from $50.00 to $53.00. Despite the upgrade, the new target suggests a potential 9.0% decline from Tyson's current share price of $58.24. Tyson Foods, a major protein-focused food producer, faces stiff competition in its product categories, with only a small portion of its revenue coming from international markets.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 5:00 pm

SPHR

JP Morgan has maintained its Neutral rating for Sphere Entertainment (NYSE:SPHR) but raised its price target from $33.00 to $37.00. Despite this, Sphere Entertainment's shares are currently trading at $39.20, which is above the new target. Sphere Entertainment is a live entertainment and media company with a focus on creating and producing shows and events.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 5:00 pm

VRNS

Wedbush upgraded Varonis Systems (NASDAQ:VRNS) to Outperform with a new price target of $65.00, up from $35.00. Shares of Varonis Systems have risen 10.39% in the last 24 hours to $50.27. The upgrade reflects a potential 29.3% increase from the current price. Varonis is a cybersecurity firm transitioning to cloud-based services.

Portfolio Pulse from Benzinga Insights

February 06, 2024 | 5:00 pm

HMC

VFS

Honda Motor Company, Ltd. (NYSE:HMC) shares rose after announcing a recall of 750,114 vehicles in the U.S. due to air bag deployment issues, affecting models like the Pilot, Accord, Civic, CR-V, and Passport from 2020-2022. Dealers will replace seat weight sensors free of charge. Despite 3,834 warranty claims, no injuries or fatalities have been reported. Separately, VinFast Auto Ltd. (NASDAQ:VFS) recalled around 6,000 VF 5 cars due to a design error in the control circuit board.

Portfolio Pulse from Nabaparna Bhattacharya

February 06, 2024 | 4:54 pm

DWAC

PHUN

A federal appeals court ruled that former President Donald Trump is not immune from prosecution for alleged crimes related to his efforts to overturn the 2020 election and the Jan. 6 Capitol riot. Special Counsel Jack Smith has brought charges against Trump, including subversion and conspiring to defraud the United States. Following the ruling, Trump-linked stocks Phunware Inc (PHUN) and Digital World Acquisition Corp (DWAC) traded sharply lower, down around 7% and 9%, respectively.

Portfolio Pulse from Aaron Bry

February 06, 2024 | 4:53 pm

DD

DuPont De Nemours shares are trading higher following the announcement of better-than-expected Q4 adjusted EPS results and the issuance of FY24 and Q1 guidance.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 4:51 pm

PLUG

UBS analyst Manav Gupta downgrades Plug Power (NASDAQ:PLUG) from Buy to Neutral and sets a new price target of $4.75.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 4:51 pm

AAPL

APTV

F

GM

GOOGL

GM's Cruise faces scrutiny in California after failing to fully disclose details of an October accident involving a pedestrian. The incident has raised concerns about the safety of autonomous vehicles (AVs), impacting the reputation of Cruise and the AV industry. The California Public Utilities Commission is investigating the matter. Additionally, the AV market faces challenges as companies like Ford, Volkswagen, and Aptiv dial back on AV plans, while Apple delays its AV launch.

Portfolio Pulse from Neil Dennis

February 06, 2024 | 4:49 pm

XYL

Xylem Inc (NYSE:XYL) shares rose after reporting Q4 FY23 results with a 41% Y/Y revenue increase to $2.12 billion, surpassing the $2.05 billion consensus. Orders and backlog also saw significant growth. Adjusted EPS of $0.99 beat the $0.96 consensus, with adjusted EBITDA margin expanding to 19.6%. The company provided an optimistic FY24 outlook, expecting adjusted EPS of $4.00-$4.20 and revenue of $8.4 billion-$8.5 billion. XYL shares are up 3.65% to $118.24.

Portfolio Pulse from Lekha Gupta

February 06, 2024 | 4:47 pm