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Forian

Forian Inc provides a suite of Software, data management capabilities, and proprietary data and analytics to optimize and measure operational, clinical, and financial performance for customers within the traditional and emerging life sciences, healthcare payer, and provider segments, as well as cannabis dispensaries, manufacturers, and cultivators.

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	Prestige Wealth Inc.  (NASDAQ: PWM) shares jumped 65.6% to $8.28. Prestige Wealth reported pricing of $5 million initial public offering of 1 million shares of common stock at a price of $5 per share.


Why iMedia Brands Shares Are Trading Lower By 11%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

Cannabis

LFLY

Alleaves announced integration with Leafly. (NASDAQ: LFLY) The companies will work together to provide customers with an all-new and enhanced experience.

Alleaves And Leafly Team Up To &#39;Provide Cannabis Consumers With The Best Possible Shopping Experience&#39;

Forian Inc. (NASDAQ: FORA) announced the sale of its cannabis software subsidiary, Bio-Tech Medical Software, Inc. (d/b/a BioTrack), to Alleaves, Inc., effective February 10, 2023, for a total purchase price of $30 

Forian Stock Trading Higher On Selling Its Cannabis Software Subsidiary &amp; CEO Stepping Down

Forian Inc

FORACO INTL MARSEILLE ORD by Foraco International, Marseille

Foraco International SA

Forafric Global PLC

FORAN MINING CORP by Foran Mining Corporation

Foran Mining Corp

Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) has entered into a charging agreement with Beijing-based oil refiner Sinopec, allowing its drivers to charge across several Sinopec EV chargers across China, the EV maker said on Tuesday.
What Happened: Nio drivers can now search for and use Sinopec EV chargers across China on the Nio App or the vehicle&#8217;s center display, the company said. 
The new agreement is aimed at increasing the EV charging infrastructure available to the EV company&#8217;s consumers.
Why It Matters: The partnership between Nio and Sinopec dates back years. In April 2021, the <a href="https://www.benzinga.com/news/21/04/20634715/nio-sinopec-partnership-launches-with-power-swap-station-2-0-what-ev-investors-need-to-know">two signed an agreement </a>to develop battery charging and swap infrastructure. A year later, the two had built the 175th battery charging and swapping station together.
Nio and Sinopec did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> requests for comment on details about the agreement.
In the first half of 2024, Sinopec witnessed its operating revenue slip 1.1% year-on-year to 1.58 trillion yuan owing to weak diesel demand and the rapid growth of electric vehicles As a result of changing market dynamics, the company is now also growing its EV battery charging network. 
From January through June, the company recorded operating revenue from the EV charging business of 0.43 billion yuan ($0.061 billion). 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41018400/spacex-hits-back-at-faa-chief-for-pinning-starship-delays-on-safety-concerns-every-statement-he-made">SpaceX Hits Back At FAA Chief For Pinning Starship Delays On Safety Concerns: &#8216;Every Statement He Made Was Incorrect&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

Nio Enters Charging Agreement With Chinese Oil Giant Sinopec

William Blair analyst Bhavan Suri downgrades Smartsheet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>) from Outperform to Market Perform.

Downgrades

Analyst Ratings

SMAR

William Blair Downgrades Smartsheet to Market Perform

Keybanc analyst Justin Patterson upgrades DoorDash (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) from Sector Weight to Overweight and announces $177 price target.

Upgrades

Price Target

DASH

Keybanc Upgrades DoorDash to Overweight, Announces $177 Price Target

In a move to attract tea enthusiasts, Starbucks Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) has unveiled a new afternoon <a href="https://www.benzinga.com/insights/options/24/09/40797816/behind-the-scenes-of-starbuckss-latest-options-trends">tea set at its Reserve Roastery in Tokyo</a>.
What Happened: The new offering, known as the Roastery Pasticcini Flight, will be available from Oct. 1-31. It includes three new autumn-themed pastries and a variety of teas. Priced at 6,050 yen ($41.94), the set is served in 90-minute slots at 1, 3, and 5 p.m. daily.
The pastries featured in the set are Mele, Rum Raisin Fromage, and Vignolata, each providing distinct flavors and textures. Tea options include Kagabo Hojicha, Spice Apple Cider, Citrus Lavender Sage, and Rwandan Black Tea.
Due to the high demand for Starbucks&#8217; previous afternoon tea set in 2021, which sold out quickly, advance reservations are recommended.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/41017420/warren-buffett-moves-berkshire-hathaway-reduces-bank-of-america-holdings-by-863m">Warren Buffett Moves: Berkshire Hathaway Reduces Bank Of America Holdings By $863M</a>
Why It Matters: This new offering comes at a time when Starbucks is undergoing <a href="https://www.benzinga.com/news/24/09/40892040/starbucks-north-america-ceo-michael-conway-quits-after-just-6-months-in-the-position">significant changes in its leadership</a> and strategy. Recently, Michael Conway, the North American CEO, resigned after just six months in the role. His departure marks the end of his 11-year tenure at the company.
Additionally, Brian Niccol, the new CEO, has outlined a vision to reconnect Starbucks with its <a href="https://www.benzinga.com/news/24/09/40809142/brian-niccol-outlines-vision-to-reconnect-starbucks-with-community-coffeehouse-roots-on-his-2nd-day">community coffeehouse roots</a>. He aims to enhance the in-store experience by emphasizing comfortable seating and distinguishing between &#8220;to-go&#8221; and &#8220;for-here&#8221; services.
However, Niccol&#8217;s tenure has not been without controversy. His decision to commute between his California home and the Seattle headquarters using a company jet has sparked <a href="https://www.benzinga.com/news/24/08/40544276/starbucks-gives-new-ceo-brian-niccol-company-jet-to-fly-to-seattle-hq-sparks-environmental-backlash">environmental concerns</a>.
Moreover, Starbucks&#8217; operator in Malaysia, Berjaya Food Bhd., recently reported a significant loss due to anti-Israel boycotts, highlighting the various challenges the <a href="https://www.benzinga.com/news/24/08/40544276/starbucks-gives-new-ceo-brian-niccol-company-jet-to-fly-to-seattle-hq-sparks-environmental-backlash">company faces globally</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40979752/elon-musk-says-buses-wont-be-needed-once-tesla-robotaxis-start-operating-will-take-people-point-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says Buses Won&#8217;t Be Needed Once Tesla Robotaxis Start Operating: &#8216;Will Take People Point To Point For A Similar Cost&#8217;</a></li>
</ul>
Image Via Pixabay 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Asia

Global

SBUX

Starbucks Is Serving Classy Afternoon Tea In Tokyo And Its Not A Cheap Affair

NBIS

Nebius Announced The Launch Of A New GPU Cluster In Paris, As Part Of The Company's Plans To Invest More Than $1B By Mid-2025 In AI Infrastructure In Europe

Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) shares are trading lower premarket on Wednesday. The company disclosed the pricing of $1 billion in 0% Convertible Senior Notes due 2027 and $1 billion in 0% Convertible Senior Notes due 2029 in a <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b41017701/snowflake-prices-private-placement-of-2-0-billion-of-convertible-senior-notes" rel="noreferrer noopener">private placement to qualified institutional buyers</a>.
Snowflake also granted the initial purchasers of the notes options to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $150.0 million aggregate principal amount of the 2027 notes and up to an additional $150.0 million<a target="_blank" href="https://www.benzinga.com/news/24/09/41004088/snowflake-stock-is-falling-tuesday-whats-going-on" rel="noreferrer noopener"> aggregate principal amount of the 2029 notes</a>.
The sale is expected to close on September 27, 2024, pending customary conditions.
The 2027 notes will mature on October 1, 2027, and the 2029 notes on October 1, 2029, unless converted, redeemed, or repurchased earlier.
The notes are convertible at the holders&#8217; option under certain conditions, and Snowflake can settle in cash, stock, or both.
The initial conversion rate for both the 2027 and 2029 notes is 6.3492 shares per $1,000 principal, or $157.50 per share—a 40% premium to the stock price as of September 24, 2024. The rate is subject to anti-dilution adjustments.
Snowflake expects net proceeds of approximately $1.97 billion from the offering, or $2.27 billion, if the initial purchasers fully exercise their options after deducting discounts, commissions, and estimated expenses.
Snowflake plans to use the net proceeds from the offering to cover the cost of capped call transactions, repurchase around $400 million of its Class A common stock from note purchasers, and for general corporate purposes.
Snowflake had approximately $3.2 billion in cash and equivalents at the end of&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40494892/snowflake-q2-earnings-revenue-beat-eps-beat-raised-guidance-additional-2-5b-buyback-great-traction-#" rel="noreferrer noopener">the second quarter</a>.
Investors can gain exposure to the stock via&nbsp;Advisor Managed Portfolios Trenchless Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RVER#NYSE">RVER</a>) and ProShares Big Data Refiners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAT#NYSE">DAT</a>).
Price Action: SNOW shares are down 0.24% at $112.23 premarket at the last check Wednesday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41008816/snowflake-to-offer-2b-in-convertible-notes-analyst-says-its-from-a-position-of-financial-strength" target="_blank" rel="noreferrer noopener">Snowflake To Offer $2B In Convertible Notes, Analyst Says It&#8217;s &#8216;From A Position Of Financial Strength&#8217;</a></li>
</ul>

Equities

Large Cap

Guidance

Offerings

RVER

SNOW

Snowflake Expects To Raise $1.97B Via Debt Offering: Details

TD Cowen analyst Kevin Kopelman downgrades Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) from Buy to Hold and announces $150 price target.

EXPE

TD Cowen Downgrades Expedia Group to Hold, Announces $150 Price Target

Demand, as measured by new patients undergoing apheresis in the&nbsp;third quarter, is also expected to reflect double-digit growth when compared to the&nbsp;second quarter&nbsp;of 2024. The Company remains committed to driving the continued success of&nbsp;Abecma&nbsp;in 2024 and beyond.

TSVT

2seventy Expects Q3 Abecma US Revenue Growth Of Approximately 30% From Q2 Revenue Of $54M

2seventy bio Anticipate KarMMa-9 Study Study Decision To Conserve Over $80M In Near-Term Expenditures And Accelerate Path To Breakeven In 2025

&quot;With a greatly improved NDMM treatment landscape and following our rigorous review of the business case for the KarMMa-9 study, we have decided to discontinue enrollment in this Phase 3 study,&quot; said Chip Baird, chief executive officer, 2seventy bio.&nbsp;

2seventy bio, Bristol Myers Squibb Discontinue Enrollment In Phase 3 KarMMa-9 Study

The partnership is expected to launch first in Abu Dhabi later this year. A dedicated number of WeRide vehicles will be made available to consumers using the Uber app.
After launch, when a rider requests a qualifying ride on the Uber app, they may be presented with the option to have their trip fulfilled by a WeRide autonomous vehicle.
The partnership does not contemplate any launches in the United States or China.

UBER

WeRide, Uber Enter Strategic Partnership To Bring Autonomous Vehicles Onto The Uber Platform, Beginning In The United Arab Emirates

TD Cowen analyst Cai Rumohr downgrades Textron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) from Buy to Hold and lowers the price target from $103 to $95.

TD Cowen Downgrades Textron to Hold, Lowers Price Target to $95

BTIG analyst Andrew Harte downgrades Global Payments (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>) from Buy to Neutral.

BTIG Downgrades Global Payments to Neutral

Needham analyst Scott Berg downgrades Smartsheet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>) from Buy to Hold and maintains $57 price target.

Needham Downgrades Smartsheet to Hold, Maintains $57 Price Target

ChatGPT maker OpenAI has pitched President Joe Biden&#8216;s administration for the expansion of data centers that consume the equivalent amount of <a href="https://www.benzinga.com/news/24/09/40700567/openai-ceo-sam-altmans-ai-infrastructure-plan-worth-tens-of-billions-of-dollars-to-include-investors">energy to power three million households</a>. 
What Happened: Following OpenAI CEO Sam Altman and other tech leaders&#8217; meeting with The White House officials, the artificial intelligence startup shared a document outlining the economic and national security benefits of building five-gigawatt data centers across various U.S. states. Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-09-24/openai-pitched-white-house-on-unprecedented-data-center-buildout">obtained</a> and reported the document on Wednesday. 
OpenAI has cited various reasons for the expansion of data centers including rising competition with China, boosting the gross domestic product, creation of new jobs, and development of advanced AI models, according to the report. 
Altman is reportedly in talks to build five to seven data centers, each of five gigawatts, according to Constellation Energy Corp CEO Joe Dominguez. Although the document shared with government officials does not specify any number. 
"OpenAI is actively working to strengthen AI infrastructure in the US, which we believe is critical to keeping America at the forefront of global innovation, boosting reindustrialization across the country, and making AI's benefits accessible to everyone," an OpenAI spokesperson said, according to the report.
At five gigawatts, the capacity is equivalent to the output of five nuclear reactors, enough to power nearly three million homes, the report added.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/41017420/warren-buffett-moves-berkshire-hathaway-reduces-bank-of-america-holdings-by-863m">Warren Buffett Moves: Berkshire Hathaway Reduces Bank Of America Holdings By $863M</a>
Why It Matters: According to Arm Holdings CEO Rene Haas, AI models, including OpenAI's ChatGPT, require substantial electricity, which could lead AI data centers to consume 20% to 25% of U.S. power needs by 2030, a significant increase <a href="https://www.benzinga.com/markets/asia/24/04/38163078/ai-could-consume-25-of-us-power-by-2030-the-more-information-they-gather-the-more-power-it-takes-war">from today's 4% or less</a>.
In April, Altman invested $20 million in&nbsp;Exowatt, an energy startup aiming to address the soaring electricity <a href="https://www.benzinga.com/news/24/04/38421912/openais-sam-altman-invests-20m-in-startup-using-solar-power-to-address-ais-massive-energy-appetite">demands of AI data centers</a>. 
However, Microsoft&nbsp;co-founder&nbsp;Bill Gates&nbsp;defended the <a href="https://www.benzinga.com/news/24/06/39543587/bill-gates-dismisses-concerns-that-big-techs-investment-in-power-hungry-ai-says-it-will-ultimately-o">substantial&nbsp;increase in energy consumption</a>&nbsp;due to AI systems, asserting that the technology would ultimately offset its high electricity usage.
In a recent interview with Tesla Inc. CEO Elon Musk, former President Donald Trump <a href="https://www.benzinga.com/news/24/08/40329545/trump-left-shocked-by-power-hungry-ai-tells-elon-musk-requires-twice-the-energy-that-the-country-alr">expressed his astonishment</a> at the high energy requirements of AI. Trump acknowledged Musk's enthusiasm for AI but was taken aback by the technology's significant electricity demands. "This is shocking to me, but AI requires twice the energy that the country already produces," Trump stated.
Last week, Constellation Energy <a href="https://www.benzinga.com/markets/equities/24/09/40957437/microsoft-taps-constellation-for-20-year-carbon-free-power-3-400-jobs-coming-to-pennsylvania">signed a 20-year deal with OpenAI&#8217;s biggest investor</a> Microsoft to supply carbon-free energy, restarting Three Mile Island Unit 1.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41016977/mark-cuban-calls-gary-gensler-a-blight-after-sec-chair-gets-grilled-on-crypto-by-congress-">Mark Cuban Calls Gary Gensler A &#8216;Blight&#8217; After SEC Chair Gets Grilled On Crypto By Congress: &#8216;You Leaving Is Worth A Point In GDP Growth&#8217;</a></li>
</ul>
Image Via Shutterstock

Startups

Sam Altman's OpenAI Pushes Biden Administration For Massive 5GW Data Centers Equivalent To Output Of 5 Nuclear Reactors, Enough To Power Nearly 3M Homes: Report

HC Wainwright &amp; Co. analyst Andrew Fein maintains WAVE Life Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WVE#NASDAQ">WVE</a>) with a Buy and raises the price target from $15 to $22.

HC Wainwright & Co. Maintains Buy on WAVE Life Sciences, Raises Price Target to $22

HC Wainwright &amp; Co. analyst Mike Colonnese reiterates Cleanspark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) with a Buy and maintains $27 price target.

Reiteration

CLSK

HC Wainwright & Co. Reiterates Buy on Cleanspark, Maintains $27 Price Target

Events

Federal Reserve

Bank Of America CFO Borthwick Said Expects Terminal Rate Of 2.75%-3%

Needham analyst Mike Matson reiterates NeoGenomics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEO#NASDAQ">NEO</a>) with a Buy and maintains $19 price target.

Needham Reiterates Buy on NeoGenomics, Maintains $19 Price Target

Caroline Ellison, a key accomplice of fallen cryptocurrency mogul Sam Bankman-Fried in the FTX scandal, was sentenced to 24 months in prison by a federal court on Tuesday.
However, apart from the <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41014040/from-ceo-to-inmate-caroline-ellison-sentenced-to-24-months-in-ftx-case-what-the-industry-m">quantum of punishment</a>, the remarks made by Judge Lewis Kaplan, who also presided over Bankman-Fried&#8217;s trial and sentenced him to 25 years in jail, were noteworthy.
What Happened: As <a href="https://www.businessinsider.in/tech/news/judge-predicts-the-public-wont-be-as-mean-to-caroline-ellison-now-that-shes-been-sentenced/articleshow/113647596.cms">reported</a> by Business Insider, U.S. District Judge Kaplan, who oversaw the case, acknowledged the &#8220;unusual&#8221; public scrutiny Ellison has been subjected to. He expressed optimism that the backlash and scrutiny would likely diminish after her sentencing.
&#8220;Every part of your life has turned inside out and public to an unusual degree,&#8221; Kaplan said. &#8220;And now that&#8217;s probably, hopefully, going to relax.&#8221;
According to another <a href="https://www.bloomberg.com/news/live-blog/2024-09-24/caroline-ellison-sentencing?srnd=phx-latest">report </a>by Bloomberg, Kaplan heavily praised Ellison's cooperation in the case, saying he has "never seen one quite like" her during his 30 years on the bench. The judge noted zero inconsistencies in her testimony, which was in stark contrast to Bankman-Fried&#8217;s conduct. 
But despite acknowledging Ellison&#8217;s extensive cooperation, Judge Kaplan insisted that she still needed to serve time in prison. 
&#8220;You are genuinely remorseful," he said, but noted that the severity of the crime was such that the cooperation cannot be a "get out of jail free card."
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40973470/anthony-scaramucci-discloses-holding-a-lot-of-solana-backs-the-ethereum-killer-network-to-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Discloses Holding &#8216;A Lot Of&#8217; Solana, Backs The &#8216;Ethereum Killer&#8217; Network To Lead Tokenization Revolution</a>
Why It Matters: Ellison&#8217;s legal team had sought leniency, citing her testimony and the emotional distress caused by her on-and-off romantic relationship with Bankman-Fried.
Ellison, who admitted her role in the sensational case nearly two years ago, <a href="https://www.benzinga.com/markets/cryptocurrency/23/10/35168021/caroline-ellison-points-finger-at-ftxs-sam-bankman-fried-in-crypto-fraud-trial" target="_blank" rel="noreferrer noopener">provided crucial testimony </a>against SBF in a trial last November.
Once known as the crypto white knight, Bankman-Fried&#8217;s fortunes changed dramatically after his FTX empire came crashing down following accusations of&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/10/35445270/the-true-cost-of-the-ftx-collapse-how-much-did-sam-bankman-fried-really-make" target="_blank" rel="noreferrer noopener">misappropriation of customer accounts</a> in November 2024. Federal prosecutors&nbsp;<a href="http://www.cnbc.com/2022/12/18/how-sam-bankman-fried-ran-8-billion-fraud-government-prosecutors.html" target="_blank" rel="noreferrer noopener">alleged&nbsp;</a>that Bankman-Fried swindled a staggering $8 billion worth of customer&#8217;s cryptocurrency funds. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40972902/kamala-harris-finally-mentions-crypto-and-that-too-on-wall-street-promises-to-encourage-in?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kamala Harris Finally Mentions Crypto And That Too On Wall Street: Promises To Encourage &#8216;Innovative Technologies&#8217; Like Digital Assets</a></li>
</ul>
Photo courtesy: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Sam Bankman-Fried Aide Caroline Ellison Was 'Genuinely Remorseful:' This And More Of What Judge Said While Handing The Former FTX Executive 2-Year Prison Sentence

Forian Inc. 2023 Q4 - Results - Earnings Call Presentation

Forian Inc. (FORA) Q4 2023 Earnings Call Transcript

There's a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on Forian (FORA – Research Report), Achieve Life Scienc...

Analysts Offer Insights on Healthcare Companies: Forian (FORA), Achieve Life Sciences (ACHV) and P3 Health Partners (PIII)

There's a lot to be optimistic about in the Healthcare sector as 3 analysts just weighed in on TELA Bio (TELA – Research Report), Petmed Express (P...

Analysts Are Bullish on These Healthcare Stocks: TELA Bio (TELA), Petmed Express (PETS)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
While I have written quite a few articles lately on shifting some of your gains into defensive stocks and safe <a href="https://investorplace.com/stock-types/dividend-stocks/">dividend stocks</a>, I still think that it is very important to keep some potential multibagger <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a> in your portfolio. No one truly knows where the market is headed. 



We may even see the rally continue. Even if it doesn&rsquo;t, some of these growth stocks are trading near bargain-basement levels and are unlikely to go down further.



They could end up defying the downtrend altogether and bounce back up significantly. Also, these businesses are at or near profitability and expected to expand their profits significantly going forward. Their earnings growth could organically drive up shares as well.



With that outlook in mind, let&rsquo;s examine the seven growth stocks that could defy the downtrend.



<h2>Direct Digital Holdings (DRCT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/digital-advertising-1600-300x169.jpg" alt="Close up hand holding mobile with Digital Advertising and icons, Digital Marketing concept. digital ad stocks"><div>Source: weedezign via Shutterstock</div></div>Direct Digital Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/drct-stock-quote/">DRCT</a>) provides advertising technology, data-driven campaign optimization and other solutions. DRCT stock delivered parabolic gains from late October to mid-March as many companies expanded their marketing campaigns and investors became more optimistic about the company&rsquo;s future. 



However, it has come crashing down by 83% since. This is because Direct Digital Holdings <a href="https://investorplace.com/earning-results/2024/03/drct-stock-earnings-direct-digital-holdings-for-q4-of-2023/#:~:text=Direct%20Digital%20Holdings%20(NASDAQ%3ADRCT,reported%20revenue%20of%20%2441.01%20million.">missed EPS and revenue estimates for Q4</a>. Also, it posted a weak revenue guidance for 2024. Revenue came in at just $41 million against $66 million expected. And it expects $180 million in revenue for all of 2024 against $242.6 million previously expected by Wall Street.



This seems to be priced&nbsp;in&nbsp;right now. The plunge appears to be moderating, and we could see a recovery soon. Even if the near-term swing doesn&rsquo;t play out, the long-term prospects seem rosy. And at the $180 million midpoint, we are still looking at 15% year-over-year (YOY) sales growth. EPS at 26 cents this year also means 94% YOY growth, with another 59% growth expected next year to 41 cents. This means you&rsquo;re just paying 13.5 times forward earnings for the stock. Thus, the decline is overdone from what I can see.



<h2>Cheetah Net Supply Chain Service (CTNT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/supply-chain-shipping-logistics-1600-300x169.png" alt="logistics stocks. supply chain stocks"><div>Source: Travel mania / Shutterstock.com</div></div>Cheetah Net Supply Chain Service (NASDAQ:<a href="https://investorplace.com/stock-quotes/ctnt-stock-quote/">CTNT</a>) offers international trading services to small and medium-sized importers and exporters. The company provides parallel importing, inventory financing and warehousing services. Even with onshoring trends, trade is only going to keep rising. <a href="https://tradingeconomics.com/united-states/exports">U.S. exports hit a record $263 billion in February</a>. Imports are also rising sharply.



The stock has been rangebound around $1-$2 for quite a while and currently trades just $1.43 as of writing. Analysts expect <a href="https://seekingalpha.com/symbol/CTNT/earnings/estimates">rapid EPS expansion</a> from 5 cents this year to 16 cents next year. This means you&rsquo;re paying just 8 times the estimated 2025 earnings. Also, revenue is estimated to bounce back to a record $44.8 million next year.



Moreover, Cheetah Net Supply Chain Service completed the acquisition of Edward Transit Express Group Inc. in February 2024. This California-based carrier specializes in ocean and air transportation services. CTNT is expanding beyond the parallel-import vehicle business. It aims to become an integrated provider of international trade services for small and medium-sized traders. If successful, that transition could lead to huge returns from here.



<h2>Integral Ad Science Holding (IAS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/11/advertising-1600-300x169.jpg" alt="graphic of man using megaphone to talk into giant megaphone towards group of people, conveying idea of advertising"><div>Source: VectorKnight/shutterstock.com</div></div>Integral Ad Science Holding (NASDAQ:<a href="https://investorplace.com/stock-quotes/ias-stock-quote/">IAS</a>) provides global media measurement and optimization to advertisers. In simple terms, it helps advertisers with data. 



Currently, IAS trades at discounted levels below $10 after plunging 34% year-to-date (YTD). The decline in IAS stock is due to weak revenue guidance for Q1 and the full year 2024, which did not meet analysts&rsquo; estimates.



This occurred despite the company beating earnings per share and revenue estimates for Q4 2023. The stock fell 29% on February 28, 2024, following the release of its earnings report for Q4 2023. Plus, there has been significant insider selling in the past three months, and profit margins have decreased compared to the previous year. The company&rsquo;s <a href="https://www.google.com/finance/quote/IAS:NASDAQ">profits for 2023 also dipped by 52.9%</a> compared to the previous year.



Regardless, the long-term remains promising here. Most of the bad news is priced&nbsp;in&nbsp;right now. So grabbing it below $10 looks like a good deal since you&rsquo;re paying just <a href="https://seekingalpha.com/symbol/IAS/earnings/estimates">30 times 2025 estimated EPS</a> and just 9 times estimated 2029 EPS.



<h2>Atour Lifestyle Holdings (ATAT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/hotels-1600-300x169.jpg" alt="Woman standing in hotel room with luggage looking at the view. Hotel stocks."><div>Source: Boyloso / Shutterstock</div></div>China&rsquo;s leading hospitality and lifestyle company Atour Lifestyle Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/atat-stock-quote/">ATAT</a>) owns a distinct portfolio of hotel brands. The stock has been more or less flat YTD despite positive growth. It <a href="https://www.macrotrends.net/stocks/charts/ATAT/atour-lifestyle-holdings/revenue">grew its Q4 revenue to $216 million</a> by 137.4% YOY. This beat analysts&rsquo; estimates on the top line by 23.7% on the top line, while EPS beat estimates by 10.7%.



Despite this outperformance, Bank of America (NYSE:<a href="https://investorplace.com/stock-quotes/bac-stock-quote/">BAC</a>) <a href="https://www.investing.com/news/company-news/bofa-cuts-atour-lifestyle-target-maintains-buy-rating-on-q4-result-93CH-3360191">cut its price target to $23.7 from $25</a>. This adjustment was due to the company&rsquo;s guidance for flat YOY revenue per available room (RevPAR) growth for 2024, which failed market expectations of a low single-digit (LSD) increase. However, if the company keeps beating estimates like this, I believe there is room for multibagger gains from here.



Atour Lifestyle Holdings remains committed to its &ldquo;Chinese Experience, 2,000 Premier Hotels&rdquo; strategy and aims to operate 2,000 hotels by 2025. Also, ATAT is the first Chinese hotel chain to develop a scenario-based retail business. It designs guest room amenities and works with manufacturers to deliver top-quality products, making it one of the flashiest growth stocks on this list.



<h2>Forian (FORA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/healthcare-1600-300x169.jpg" alt="Nurse holding a tablet with icons representing different aspects of healthcare and healthcare data representing CANO stock. Healthcare Tech Stocks"><div>Source: metamorworks / Shutterstock</div></div>Forian (NASDAQ:<a href="https://investorplace.com/stock-quotes/fora-stock-quote/">FORA</a>) provides software and data solutions to the healthcare industry. This stock has been flat for nearly two years, and I believe there is a good chance it could stage an explosive breakout in the coming months if it meets expectations. 



Sadly, that has not been happening. <a href="https://seekingalpha.com/article/4681157-forian-inc-fora-q4-2023-earnings-call-transcript">Revenue missed slightly</a>, but EPS surpassed projections by 7 cents and surprisingly came in positive in its Q4 report. However, the stock did not take a big hit as it has already been trading at an established floor and is already quite cheap.



Thus, I believe even with the misses, it is not a bad idea to buy Forian stock in the long run. Analysts expect near breakeven profitability this year and next. Recently, FORA sold its cannabis software unit BioTrack for $30 million in cash. That should improve efficiency going forward and add a big buffer for any unexpected losses. Forian insiders have a vested interest in the company&rsquo;s growth, as seen by their sizable ownership. This is a more long-term play, but any big contract could send it significantly higher.



<h2>Life Time Group (LTH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/10/lth1600-3-300x169.jpg" alt="The outside of a Life Time Athletic gym in Ontario."><div>Source: JHVEPhoto / Shutterstock.com</div></div>Owning and managing fitness and recreational sports centers, Life Time Group (NYSE:<a href="https://investorplace.com/stock-quotes/lth-stock-quote/">LTH</a>) hasn&rsquo;t seen any particularly strong price action recently. Yet, the broader trend has been bearish for the past few years. However, I do see light at the end of the tunnel as the business has been doing significantly well and is expected to grow notably in the years ahead.



Analysts expect <a href="https://seekingalpha.com/symbol/LTH/earnings/estimates">EPS to grow from 69 cents to $1.11 from 2024 to 2026</a> along with low double-digit sales growth. The biggest problem is the company&rsquo;s debt load at $4.3 billion. However, as I have noted in many of my earlier articles, this could&nbsp;actually&nbsp;turn out to be a tailwind for shareholders in the long run once interest rates are cut. The company will have to pay much less in interest expenses once rates come down. So that could boost earnings and thereby lift the stock substantially as well.



<a href="https://www.marketbeat.com/instant-alerts/nyse-lth-initiated-coverage-2024-04-23/">Northland started coverage</a> on Life Time Group with an outperform rating on April 23, 2024, citing the company&rsquo;s &ldquo;ultimate leisure-focused&rdquo; offering with a price target of $23. Plus, its <a href="https://www.gurufocus.com/term/rvn-growth-3y/LTH">3-year sales growth at 18.5%</a> remains better than 65.6% of its peers. It&rsquo;s not among the flashiest growth stocks here, but it can still deliver.



<h2>Opera (OPRA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/12/opra-stock-1-300x169.jpg" alt="A phone displaying the Opera (OPRA) app"><div>Source: bangoland / Shutterstock.com</div></div>Opera (NASDAQ:<a href="https://investorplace.com/stock-quotes/opra-stock-quote/">OPRA</a>) is one of the growth stocks I have written about many times before. I was initially bearish when Opera peaked out around $27.8 per share. But I switched to being bullish as prices more than halved after a plunge last year. Opera has started to slowly recover since. And I believe that OPRA could challenge its former highs in the months ahead as fundamentals seem to have more than caught up.



I&rsquo;m bullish on Opera mostly because of its Opera GX browser. This browser is tailored specifically towards gaming and has lots of features like Discord, Twitch and AI integration into the side panel. Additionally, it lets gamers cap internet speeds and RAM usage. YouTube and other tabs often hog RAM and take up speed which can cause lag in-game, and Opera&rsquo;s GX browser easily fixes this problem. It is not a surprise that many Gen Z users have switched from Chrome to Opera GX now. It focuses heavily on the digital market and even cryptocurrencies.



Analysts see solid <a href="https://seekingalpha.com/symbol/OPRA/earnings/estimates">EPS expansion at around 20% YOY</a> on average in the years ahead, along with revenue growth of around 15% annually&nbsp;on average. So investors pay just 14 times forward earnings. And the best part? The dividend yields 6.1%.



On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>
<div>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</div><h3>More From InvestorPlace</h3>
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Forian (NASDAQ:<a href="https://investorplace.com/stock-quotes/fora-stock-quote/">FORA</a>) just reported results for the first quarter of 2024.<ul><li>Forian reported earnings per share of -4 cents. This was below the analyst estimate for EPS of -2 cents.</li><li>The company reported revenue of $4.88 million.</li><li>This was 4.56% worse than the analyst estimate for revenue of $5.11 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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FORA Stock Earnings: Forian Misses EPS, Misses Revenue for Q1 2024

Forian Inc. 2024 Q1 - Results - Earnings Call Presentation

Forian GAAP EPS of -$0.08 misses by $0.06, revenue of $4.77M misses by $0.49M

Forian Inc. (FORA) Q2 2024 Earnings Call Transcript

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Forian (NASDAQ:<a href="https://investorplace.com/stock-quotes/fora-stock-quote/">FORA</a>) just reported results for the second quarter of 2024.<ul><li>Forian reported earnings per share of -8 cents. This was below the analyst estimate for EPS of -2 cents.</li><li>The company reported revenue of $4.78 million.</li><li>This was 9.18% worse than the analyst estimate for revenue of $5.26 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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PETS

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Press Releases

Forian Inc. Announces Stock Repurchase

Forian Inc. to Participate in the 12th Annual ROTH MKM Technology Event

Forian Inc. to Announce Third Quarter 2023 Results on November 9, 2023

Earnings

Forian Inc. Announces Third Quarter 2023 Financial Results

Forian Inc. to Announce Fourth Quarter and Full Year 2023 Results on March 28, 2024

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Forian

Forian (FORA) Forecast

Forian (NASDAQ:FORA) Stock, Quote.Headers.trade-ideas