Streetbeat News

Stock Prices

PHUN

Phunware, Inc. (NASDAQ:PHUN) shares rose after announcing the renewal or extension of several healthcare and hospitality customer contracts, highlighting the value of its mobile solutions in enhancing visitor experiences. The company, known for its ties to Donald Trump from the 2020 campaign app development, has seen its stock increase by 1.95% to $6.28. These renewals demonstrate the significant ROI Phunware's technology provides to its customers.

Portfolio Pulse from Nabaparna Bhattacharya

April 24, 2024 | 5:04 pm

MELI

MercadoLibre (NASDAQ:MELI) has been analyzed by 10 financial analysts, showing a shift towards a more bullish outlook with an average 12-month price target of $1949, up from $1930. The company, a major e-commerce player in Latin America, has shown strong financial health with a revenue growth rate of 41.94%, a net margin of 3.87%, and an ROE of 5.68%. Analysts' ratings have varied, with recent actions including both raises and lowers in price targets by firms such as Wedbush, UBS, Barclays, Citigroup, JP Morgan, and Susquehanna.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 5:01 pm

NUE

Analysts have diverse views on Nucor (NYSE:NUE), with recent evaluations showing a mix of indifferent and bullish outlooks. The average 12-month price target for NUE has been raised to $206.25, reflecting a 7.84% increase from the previous target. Key financial indicators reveal Nucor's strong market position, despite a -11.69% decline in revenue growth over the last 3 months. The company's net margin and ROE outperform industry averages, indicating efficient cost management and financial health.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 5:01 pm

PINS

Analysts have diverse opinions on Pinterest (NYSE:PINS), with recent evaluations showing a mix of bullish to bearish sentiments. The average 12-month price target is $43.18, reflecting an 11.66% increase from the previous target. Pinterest's financial health is strong, with significant revenue growth, high net margin, and effective debt management. The company's focus on digital ads and e-commerce features, along with its substantial user base, positions it well for future growth.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 5:00 pm

HCP

Analyst evaluations of HashiCorp (NASDAQ:HCP) over the last three months show diverse opinions, with recent updates indicating a positive shift in price targets, suggesting an optimistic outlook for the company. The average 12-month price target has been raised to $29.73, reflecting a 16.59% increase from the previous target. Analyst actions, including rating adjustments and price target changes, respond to HashiCorp's market dynamics and performance, with several analysts raising their price targets. Despite this, HashiCorp's financials reveal challenges in revenue growth, net margin, ROE, and ROA compared to industry averages, though it maintains a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

April 24, 2024 | 5:00 pm

GS

META

URNM

On CNBC's Halftime Report, analysts shared their final trades, highlighting The Goldman Sachs Group (GS), Meta Platforms (META), and Sprott Uranium Miners ETF (URNM) as their top picks. These recommendations provide insights into the analysts' views on the financial, technology, and uranium mining sectors, respectively.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 5:00 pm

HCP

HashiCorp shares have resumed trading, indicating a return to normal market activities for the company.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 4:55 pm

SPCE

Virgin Galactic Holdings Inc (NYSE:SPCE) shares dropped 4.5% to $0.88 amid volatility and news of a potential reverse stock split, with a voting on the proposal scheduled for June 12. The stock has declined about 35% over the past month, hitting all-time lows. Approximately 25% of Virgin Galactic shares are being sold short. Over the past year, SPCE shares have decreased by 72.22%, with a significant loss for investors who bought shares at the beginning of the year or on March 1. The stock's all-time high is $55.91, and it currently has a Relative Strength Index (RSI) of 42.71, indicating neutral conditions.

Portfolio Pulse from Henry Khederian

April 24, 2024 | 4:51 pm

HCP

HashiCorp shares were halted due to a circuit breaker trigger after the stock surged 7.41%. This significant increase in stock price indicates a strong buying interest or positive market sentiment towards HashiCorp.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 4:51 pm

IYT

ODFL

SUPL

Old Dominion Freight Line, Inc. (NASDAQ:ODFL) shares dropped after reporting a first-quarter FY24 revenue miss, with a slight increase in revenue not meeting expectations. The company saw a 1.2% year-over-year revenue increase to $1.460 billion, missing the consensus of $1.473 billion, attributed to a mix of a rise in LTL revenue per hundredweight and a decrease in LTL tons per day. Operating income slightly increased, and EPS was in line with consensus. The company also returned significant amounts to shareholders through repurchases and dividends. Exposure to ODFL can also be gained through IShares Trust IShares U.S. Transportation ETF (BATS:IYT) and ProShares Trust ProShares Supply Chain Logistics ETF (NYSE:SUPL).

Portfolio Pulse from Lekha Gupta

April 24, 2024 | 4:50 pm