Fox Factory Hldg Stock (NASDAQ:FOXF), Trade Ideas

Fox Factory Hldg

Fox Factory Holding Corp is a designer, manufacturer, and marketer of performance-defining products and systems used predominantly on bikes, Side-by-Sides, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, ATVs, snowmobiles, specialty vehicles and applications, motorcycles, and commercial trucks. Its business operates under the FOX, FOX RACING SHOX, and RACE FACE brands. Geographically, it derives a majority of revenue from North America and also has a presence in Asia, Europe, and the Rest of the World.

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Shares of  MercadoLibre, Inc. (NASDAQ: MELI) fell sharply during Friday’s session after the company reported fourth-quarter financial results.

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Fox Factory Holding Corp

During the last three months, 4 analysts shared their evaluations of Fox Factory Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXF#NASDAQ">FOXF</a>), revealing diverse outlooks from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Fox Factory Hldg, presenting an average target of $54.0, a high estimate of $60.00, and a low estimate of $45.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 24.65%. 
<img src="https://www.benzinga.com/files/images/story/2024/1713963617_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The analysis of recent analyst actions sheds light on the perception of Fox Factory Hldg by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jim Duffy</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$45.00</td>
<td>$56.00</td>
</tr>
<tr>
<td>Alexander Perry</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Neutral</td>
<td>$55.00</td>
<td>-</td>
</tr>
<tr>
<td>Jim Duffy</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$56.00</td>
<td>$69.00</td>
</tr>
<tr>
<td>Michael Swartz</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$60.00</td>
<td>$90.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Fox Factory Hldg. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Fox Factory Hldg compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Fox Factory Hldg's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Fox Factory Hldg's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/FOXF/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Fox Factory Hldg analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>All You Need to Know About Fox Factory Hldg</h2>
Fox Factory Holding Corp is a designer, manufacturer, and marketer of performance-defining products and systems used predominantly on bikes, Side-by-Sides, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, ATVs, snowmobiles, specialty vehicles and applications, motorcycles, and commercial trucks. Its business operates under the FOX, FOX RACING SHOX, and RACE FACE brands. Geographically, it derives a majority of revenue from North America and also has a presence in Asia, Europe, and the Rest of the World.
<h3>Key Indicators: Fox Factory Hldg's Financial Health</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Challenges: Fox Factory Hldg's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -18.63%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Fox Factory Hldg's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 1.22%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Fox Factory Hldg's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 0.33%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 0.21%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Fox Factory Hldg's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.62.
<h2>How Are Analyst Ratings Determined?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Deep Dive Into Fox Factory Hldg Stock: Analyst Perspectives (4 Ratings)

Stifel analyst Jim Duffy maintains Fox Factory Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXF#NASDAQ">FOXF</a>) with a Hold and lowers the price target from $56 to $45.

Price Target

Stifel Maintains Hold on Fox Factory Hldg, Lowers Price Target to $45

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Fox Factory Holding To Replace E.W. Scripps In S&P SmallCap 600

Shares of MercadoLibre, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meli#NASDAQ">MELI</a>) fell sharply during Friday&rsquo;s session after the company reported <a href="https://www.benzinga.com/news/earnings/24/02/37274889/mercadolibre-reports-mixed-q4-results-earnings-miss-revenues-beat">fourth-quarter financial results.</a>
MercadoLibre reported quarterly earnings of $3.25 per share, unchanged from the same period last year. The company reported quarterly sales of $4.26 billion, beating the analyst consensus estimate of $4.12 billion.
MercadoLibre shares dipped 9.6% to $1,643.30 on Friday.
Here are some other stocks moving in today&#39;s mid-day session.
Gainers
<ul>
<li>AXT, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axti#NASDAQ">AXTI</a>) shares surged 74.4% to $3.9750 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Maravai LifeSciences Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrvi#NASDAQ">MRVI</a>) shares jumped 60.8% to $8.22 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>AtlasClear Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/atch#NYSE">ATCH</a>) rose 48% to $1.6899.</li>
<li>EZFill Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ezfl#NASDAQ">EZFL</a>) gained 44.6% to $ 1.8088.</li>
<li>Ocean Biomedical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ocea#NASDAQ">OCEA</a>) jumped 42.3% to $0.7819.</li>
<li>Gyre Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gyre#NASDAQ">GYRE</a>) gained 36.2% to $21.79.</li>
<li>Carvana Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvna#NYSE">CVNA</a>) rose 31.2% to $68.77 after the company reported fourth-quarter financial results.</li>
<li>Sleep Number Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snbr#NASDAQ">SNBR</a>) gained 30.5% to $14.42 after the company reported better-than-expected fourth-quarter financial results. Also, Wedbush maintained a Neutral rating on the stock and raised its price target from $12 to $13.5.</li>
<li>ATN International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atni#NASDAQ">ATNI</a>) rose 26% to $ 35.72.</li>
<li>Root, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/root#NASDAQ">ROOT</a>) gained 26% to $16.85 after the company reported better-than-expected fourth-quarter financial results. Following earnings, Cantor Fitzgerald upgraded the stock from Neutral to Overweight and raised its price target from $9 to $13.</li>
<li>Infobird Co., Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ifbd#NASDAQ">IFBD</a>) gained 25.7% to $3.72.</li>
<li>Vroom, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vrm#NASDAQ">VRM</a>) jumped 25.5% to $ 10.50. Vroom is expected to release fourth quarter earnings on March 13, 2024.</li>
<li>ATN International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atni#NASDAQ">ATNI</a>) rose 25.4% to $35.61.</li>
<li>Intuitive Machines, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lunr#NASDAQ">LUNR</a>) gained 22.4% to $10.14 after the company&#39;s Odysseus spacecraft landed on the Moon.</li>
<li>Block, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sq#NYSE">SQ</a>) climbed 19.4% to $81.20 after the company reported better-than-expected fourth-quarter sales results and issued guidance.</li>
<li>Ventyx Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtyx#NASDAQ">VTYX</a>) gained 18.3% to $6.82.</li>
<li>Universal Insurance Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uve#NYSE">UVE</a>) gained 18.2% to $20.37 following upbeat results.</li>
<li>Docebo Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dcbo#NASDAQ">DCBO</a>) gained 17.7% to $53.99 following upbeat quarterly results.</li>
<li>Universal Insurance Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uve#NYSE">UVE</a>) shares rose 17.2% to $20.20 following strong quarterly results.</li>
<li>Nextdoor Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kind#NASDAQ">KIND</a>) gained 16.9% to $2.0101 after the company reported preliminary fourth-quarter financial results and announced Nirav Tolia will return to the company as CEO.</li>
<li>Evolent Health, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/evh#NYSE">EVH</a>) gained 12.6% to $33.54 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Tandem Diabetes Care, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tndm#NASDAQ">TNDM</a>) climbed 12.1% to $28.02 amid volatility after the company reported fourth-quarter financial results.</li>
<li>American Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amswa#NASDAQ">AMSWA</a>) gained 11.6% to $11.49 following strong quarterly results.</li>
<li>Akero Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/akro#NASDAQ">AKRO</a>) surged 11% to $26.86.</li>
<li>Ventyx Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtyx#NASDAQ">VTYX</a>) climbed 10.6% to $6.39.</li>
<li>LegalZoom.com, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lz#NASDAQ">LZ</a>) gained 10.5% to $10.87 after the company reported better-than-expected fourth-quarter financial results and issued FY24 revenue guidance. </li>
<li>Vir Biotechnology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vir#NASDAQ">VIR</a>) rose 10.3% to $11.36 following strong sales results.</li>
<li>Comfort Systems USA, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fix#NYSE">FIX</a>) rose 10.2% to $273.10 after the company reported better-than-expected fourth-quarter results.</li>
<li>Hyatt Hotels Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/h#NYSE">H</a>) climbed 8.9% to $147.66 after the company reported better-than-expected fourth-quarter sales results and issued guidance.</li>
<li>RB Global, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rba#NYSE">RBA</a>) rose 8.2% to $73.98 after the company reported better-than-expected fourth-quarter adjusted EPS results and issued guidance.</li>
<li>Victoria&#39;s Secret &amp; Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vsco#NYSE">VSCO</a>) gained 5% to $29.75.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Sequans Communications S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sqns#NYSE">SQNS</a>) fell 65% to $0.8925 after Renesas announced that it has terminated the previously announced MOU for a proposed acquisition of Sequans.</li>
<li>Smith Micro Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smsi#NASDAQ">SMSI</a>) shares fell 41.5% to $0.4781 after posting weak quarterly sales.</li>
<li>ModivCare Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/modv#NASDAQ">MODV</a>) fell 39.9% to $26.39 after the company issued weak sales forecast for the first quarter.</li>
<li>Greenbrook TMS Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gbnh#NASDAQ">GBNH</a>) dipped 37% to $0.1285 after announcing delisting from the Nasdaq.</li>
<li>Upland Software, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/upld#NASDAQ">UPLD</a>) tumbled 34.5% to $2.8890 after the company reported worse-than-expected fourth-quarter adjusted EPS results and issued FY24 revenue guidance below estimates.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aaoi#NASDAQ">AAOI</a>) shares fell 31.2% to $14.00 after reporting fourth-quarter results.</li>
<li>MicroCloud Hologram Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/holo#NASDAQ">HOLO</a>) fell 29.3% to $7.79.</li>
<li>Fox Factory Holding Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/foxf#NASDAQ">FOXF</a>) tumbled 27% to $47.38 after the company reported mixed fourth-quarter financial results and issued FY24 EPS and revenue guidance below estimates.</li>
<li>ImmunityBio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibrx#NASDAQ">IBRX</a>) fell 25% to $3.9299.</li>
<li>Vicor Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vicr#NASDAQ">VICR</a>) fell 21.2% to $36.92 after the company reported worse-than-expected quarterly financial results.</li>
<li>Gray Television, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gtn#NYSE">GTN</a>) fell 21.2% to $6.26 after the company reported a year-over-year decrease in fourth-quarter financial results and issued first-quarter revenue guidance below estimates.</li>
<li>La Rosa Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lrhc#NASDAQ">LRHC</a>) shares dipped 19.2% to $2.2150 after jumping around 96% on Thursday. La Rosa Holdings disclosed that it has acquired a 100% interest in the La Rosa Realty Winter Garden franchise in Florida.</li>
<li>The E.W. Scripps Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ssp#NASDAQ">SSP</a>) fell 15% to $4.58 following weak quarterly earnings.</li>
<li>AlTi Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alti#NASDAQ">ALTI</a>) dipped 14.6% to $6.02.</li>
<li>indie Semiconductor, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/indi#NASDAQ">INDI</a>) shares fell 14.2% to $5.91 following weak quarterly sales.</li>
<li>nLIGHT, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lasr#NASDAQ">LASR</a>) fell 13.6% to $11.93 following fourth-quarter results.</li>
<li>ACCO Brands Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acco#NYSE">ACCO</a>) declined 12.2% to $5.64 after the company reported fourth-quarter financial results and issued weak FY24 guidance.</li>
<li>Super Micro Computer, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smci#NASDAQ">SMCI</a>) fell 12% to $858.42 after the company announced a private offering of convertible senior notes.</li>
<li>Booking Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bkng#NASDAQ">BKNG</a>) shares fell 9.7% to $3,522.25 after the company reported fourth-quarter financial results.</li>
<li>Warner Bros. Discovery, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wbd#NASDAQ">WBD</a>) fell 9.3% to $8.68 after the company reported fourth-quarter financial results below estimates.</li>
<li>Penumbra, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pen#NYSE">PEN</a>) fell 8% to $241.77 after the company reported mixed fourth-quarter financial results.</li>
</ul>
&nbsp;
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Why MercadoLibre Shares Are Trading Lower By Around 10%? Here Are Other Stocks Moving In Friday's Mid-Day Session

4 analysts have shared their evaluations of Fox Factory Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXF#NASDAQ">FOXF</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $61.25, a high estimate of $74.00, and a low estimate of $55.00. Highlighting a 23.12% decrease, the current average has fallen from the previous average price target of $79.67. 
<img src="https://www.benzinga.com/files/images/story/2024/1708714880_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The standing of Fox Factory Hldg among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Alexander Perry</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Neutral</td>
<td>$55.00</td>
<td>-</td>
</tr>
<tr>
<td>Jim Duffy</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$56.00</td>
<td>$69.00</td>
</tr>
<tr>
<td>Michael Swartz</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$60.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Jim Duffy</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$74.00</td>
<td>$80.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Fox Factory Hldg. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Fox Factory Hldg compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Fox Factory Hldg's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into Fox Factory Hldg's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/FOXF/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Fox Factory Hldg analyst ratings.</a>
<h2>Unveiling the Story Behind Fox Factory Hldg</h2>
Fox Factory Holding Corp is a designer, manufacturer, and marketer of performance-defining products and systems used primarily on bikes, Side-by-Sides, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, ATVs, snowmobiles, specialty vehicles and applications, motorcycles, and commercial trucks. Its business operates under the FOX, FOX RACING SHOX, and RACE FACE brands. Geographically, it derives a majority of revenue from North Americas and also has a presence in Asia, Europe, and the Rest of the World.
<h3>Fox Factory Hldg: A Financial Overview</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Challenges: Fox Factory Hldg's revenue growth over 3 months faced difficulties. As of 30 September, 2023, the company experienced a decline of approximately -19.08%. This indicates a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Fox Factory Hldg's net margin is impressive, surpassing industry averages. With a net margin of 10.66%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Fox Factory Hldg's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.88%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 2.04%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 0.16, Fox Factory Hldg adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Basics of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

4 Analysts Have This To Say About Fox Factory Hldg

B of A Securities analyst Alexander Perry downgrades Fox Factory Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXF#NASDAQ">FOXF</a>) from Buy to Neutral and announces $55 price target.

Downgrades

B of A Securities Downgrades Fox Factory Hldg to Neutral, Announces $55 Price Target

Fox Factory shares are trading lower after the company reported mixed Q4 financial results and issued Q1 and FY24 EPS and revenue guidance below estimates.

<h3>Gainers</h3>
<ul>
<li>Carvana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) shares increased by 13.0% to $59.24 during Thursday's after-market session. The market value of their outstanding shares is at $6.7 billion. The company's, Q4 earnings came out today. </li>
<li>Kidpik (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIK#NASDAQ">PIK</a>) stock rose 9.09% to $0.42. The company's market cap stands at $3.9 million. </li>
<li>Dogness (Intl) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOGZ#NASDAQ">DOGZ</a>) shares increased by 7.1% to $7.24. The market value of their outstanding shares is at $15.1 million. </li>
<li>Sleep Number (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNBR#NASDAQ">SNBR</a>) shares rose 6.33% to $11.75. The market value of their outstanding shares is at $261.1 million. The company's, Q4 earnings came out today. </li>
<li>PLBY Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLBY#NASDAQ">PLBY</a>) shares moved upwards by 5.94% to $1.07. The company's market cap stands at $79.2 million. </li>
<li>Worksport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) stock increased by 5.46% to $1.35. The company's market cap stands at $27.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Fox Factory Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXF#NASDAQ">FOXF</a>) shares fell 16.9% to $54.0 during Thursday's after-market session. The market value of their outstanding shares is at $2.2 billion. The company's, Q4 earnings came out today. </li>
<li>MercadoLibre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) shares declined by 8.8% to $1658.0. The market value of their outstanding shares is at $83.8 billion. As per the press release, Q4 earnings came out today. </li>
<li>JX Luxventure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JXJT#NASDAQ">JXJT</a>) shares fell 6.02% to $2.03. The market value of their outstanding shares is at $12.3 million. </li>
<li>Chuy's Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHUY#NASDAQ">CHUY</a>) shares decreased by 6.02% to $31.25. The company's market cap stands at $542.2 million. As per the press release, Q4 earnings came out today. </li>
<li>ECD Automotive Design (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECDA#NASDAQ">ECDA</a>) shares decreased by 5.0% to $0.86. The company's market cap stands at $27.2 million. </li>
<li>Booking Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) shares declined by 4.93% to $3710.0. The company's market cap stands at $129.4 billion. The company's, Q4 earnings came out today. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CHUY

DOGZ

ECDA

JXJT

PLBY

WKSP

12 Consumer Discretionary Stocks Moving In Thursday's After-Market Session

Fiscal 2024 Guidance
For the first quarter of fiscal 2024, the Company expects net sales in the range of $315.0 million to $350.0 million and adjusted earnings per diluted share in the range of $0.17 to $0.27.
For the fiscal year 2024, the Company expects net sales in the range of $1.53 billion to $1.68 billion, adjusted earnings per diluted share in the range of $2.30 to $2.60, and a full year effective tax rate in the range of 15% to 18%.
Given our robust pipeline of innovative products, industry leading market share and best in class brands, we believe our product roadmap supports our 2025 vision of $2.0 billion in sales. However, our vision of $2.0 billion in sales and 25% Adjusted EBITDA margin will depend on several factors including uncertainties on volume, and product mix since we are largely tied to OEMs, the larger macro environment including interest rates, and our exit rate in Q4 of this year.
Adjusted earnings per diluted share exclude the following items net of applicable tax: amortization of purchased intangibles, litigation and settlement-related expenses, acquisition and integration-related expenses, organizational restructuring expenses, and strategic transformation costs. A quantitative reconciliation of adjusted earnings per diluted share for the first quarter and full fiscal year 2024 is not available without unreasonable efforts because management cannot predict, with sufficient certainty, all of the elements necessary to provide such a reconciliation. For the same reasons, the Company is unable to address the probable significance of the unavailable information, which could be material to future results.

Guidance

Fox Factory Sees Q1 2024 EPS $0.17-$0.27 Vs $1.15 Est.; Revenue $315M-$350M Vs $425.68M Est.; FY24 EPS $2.30-$2.60 Vs $4.79 Est.; Revenue $1.53B-$1.68B Vs $1.74B Est.

Fox Factory Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXF#NASDAQ">FOXF</a>) reported quarterly earnings of $0.48 per share which missed the analyst consensus estimate of $0.83 by 42.17 percent. This is a 66.43 percent decrease over earnings of $1.43 per share from the same period last year. The company reported quarterly sales of $332.50 million which beat the analyst consensus estimate of $327.07 million by 1.66 percent. This is a 18.63 percent decrease over sales of $408.64 million the same period last year.

Fox Factory Hldg Q4 EPS $0.48 Misses $0.83 Estimate, Sales $332.50M Beat $327.07M Estimate

EVGO

LCID

PSNY

PSNYW

RACE

TSLA

Shares of several automobile, EV and auto part manufacturing companies are trading lower after January CPI data showed a greater-than-expected rise in inflation.

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 60 points on Wednesday.
Shares of PriceSmart, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/psmt#NASDAQ">PSMT</a>) rose sharply in pre-market trading as the company reported better-than-expected <a href="https://www.benzinga.com/quote/PSMT/earnings">earnings for its first quarter</a>.
Pricesmart posted adjusted earnings of $1.24 per share, beating market estimates of $1.09 per share. The company&rsquo;s quarterly sales came in at $1.17 billion versus estimates of $1.16 billion, according to data from <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
PriceSmart shares jumped 10% to $80.20 in pre-market trading.
Here are some big stocks recording gains in today&rsquo;s pre-market trading session.
<ul>
<li>Microvast Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mvst#NASDAQ">MVST</a>) shares surged 13.8% to $1.40 in pre-market trading after falling 5% on Tuesday.</li>
<li>SMART Global Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sgh#NASDAQ">SGH</a>) rose 10.7% to $20.45 in pre-market trading after the company posted better-than-expected earnings for its first quarter and announced approval of $75 million share repurchase authorization.</li>
<li>TG Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tgtx#NASDAQ">TGTX</a>) climbed 9.1% to $22.93 in pre-market trading. TG Therapeutics recently announced that it has entered into an agreement with Precision BioSciences to acquire a worldwide license to Precision&#39;s Azercabtagene Zapreleucel (azer-cel), an allogeneic CD19 CAR T cell therapy program for autoimmune diseases and all other non-oncology indications.</li>
<li>Intuitive Surgical, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/isrg#NASDAQ">ISRG</a>) rose 5.3% to $348.01 in pre-market trading. Intuitive Surgical said it sees preliminary revenue of $1.93 billion for the fourth quarter, versus market estimates of $1.87 billion.</li>
<li>Toast, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tost#NYSE">TOST</a>) gained 5.1% to $19.75 in pre-market trading.</li>
<li>Fox Factory Holding Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/foxf#NASDAQ">FOXF</a>) surged 4.7% to $70.00 in pre-market trading.</li>
<li>Sony Group Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sony#NYSE">SONY</a>) gained 3.6% to $95.42 in pre-market trading. Indian media conglomerate Zee Entertainment Enterprises reportedly reaffirmed its commitment to a merger with Sony Group&rsquo;s local arm in India, countering recent media speculations suggesting that the $10 billion deal might be on the verge of collapse.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/01/36571004/markets-turn-more-bullish-ahead-of-inflation-data-fear-greed-index-remains-in-greed-zone"> Markets Turn More Bullish Ahead Of Inflation Data; Fear &amp; Greed Index Remains In &#39;Greed&#39; Zone </a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

PriceSmart Posts Upbeat Earnings, Joins SMART Global, Intuitive Surgical And Other Big Stocks Moving Higher In Wednesday's Pre-Market Session

Stifel analyst Jim Duffy maintains Fox Factory Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXF#NASDAQ">FOXF</a>) with a Hold and lowers the price target from $80 to $74.

Stifel Maintains Hold on Fox Factory Hldg, Lowers Price Target to $74

Fox Factory Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXF#NASDAQ">FOXF</a>) has observed the following analyst ratings within the last quarter: 
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
These 7 analysts have an average price target of $105.71 versus the current price of Fox Factory Hldg at $61.45, implying upside.
Below is a summary of how these 7 analysts rated Fox Factory Hldg over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock
<img src="https://www.benzinga.com/files/images/story/2023/1700251217_0.png" alt="price target chart" />
This current average represents a 13.17% decrease from the previous average price target of $121.75. 
<a href="https://www.benzinga.com/quote/FOXF/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Fox Factory Hldg analyst ratings.</a>
<h1>How Are Analyst Ratings Determined?</h1>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations for Fox Factory Hldg's Future

Truist Securities analyst Michael Swartz reiterates Fox Factory Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXF#NASDAQ">FOXF</a>) with a Buy and maintains $90 price target.

Reiteration

Truist Securities Reiterates Buy on Fox Factory Hldg, Maintains $90 Price Target

The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30</a>,&nbsp;according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>Fisker Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsr#NYSE">FSR</a>)</h3>
<ul>
<li>Fisker plans to report its earnings release after the closing bell on Nov. 13, 2023. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/FSR">52-week low of $3.68 </a>.</li>
<li>RSI Value: 29.70</li>
<li>FSR Price Action: Shares of Fisker gained 1.3% to close at $3.84 on Friday.</li>
</ul>
<h3>Fox Factory Holding Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/foxf#NASDAQ">FOXF</a>)</h3>
<ul>
<li>Fox Factory reported worse-than-expected third-quarter financial results and issued FY23 net sales guidance below estimates. FOXF also disclosed the purchase of Marucci Sports, LLC from Compass Diversified Holdings for $572 million. It <a href="https://www.benzinga.com/quote/FOXF"> has a 52-week low </a> of $49.12.</li>
<li>RSI Value: 18.68</li>
<li>FOXF Price Action: Shares of Fox Factory gained 1.5% to close at $55.87 on Friday.</li>
</ul>
<h3>Marine Products Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mpx#NYSE">MPX</a>)</h3>
<ul>
<li>Marine Products reported worse-than-expected third-quarter financial results. &quot;Our third quarter results reflect the reduction in production and delivery rates due to normalization of retail boat demand that has occurred during 2023, following significant post-COVID demand. In addition, our production in the third quarter was adversely impacted by Hurricane Idalia,&quot; stated Ben M. Palmer, Marine Products&#39; President and Chief Executive Officer. The company&rsquo;s stock has a 52-week <a href="https://www.benzinga.com/quote/MPX"> low of $9.21.</a></li>
<li>RSI Value: 27.04</li>
<li>MPX Price Action: Shares of Marine Products gained 1.3% to close at $9.44 on Friday.</li>
</ul>
<h3>XPEL, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/xpel#NASDAQ">XPEL</a>)</h3>
<ul>
<li>XPEL posted downbeat quarterly earnings. Ryan Pape, President and Chief Executive Officer of XPEL, said, &quot;It was a busy and solid quarter for the Company. We continue to see strong demand for our products and services and our unique channel strategy positions us to be wherever that demand takes us.&quot; The company&rsquo;s 52-week low is $40.77.</li>
<li>RSI Value: 26.97</li>
<li>XPEL Price Action: Shares of XPEL gained 2.2% to close at $44.46 on Friday.</li>
</ul>
<h3>Marriott Vacations Worldwide Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vac#NYSE">VAC</a>)</h3>
<ul>
<li>Net income attributable to common shareholders was $42 million in the third quarter, down from $109 million in the year-ago quarter. &quot;We had a difficult quarter between the devastating wildfires in Maui and default rates on our loan portfolio remaining above our recent experience. However, our loan delinquencies are stabilizing and with Maui reopen for tourism we have started to see our resort occupancies recover,&quot; said John Geller, president and chief executive officer. The company <a href="https://www.benzinga.com/quote/VAC"> has a 52-week low </a> of $75.19.</li>
<li>RSI Value: 26.58</li>
<li>VAC Price Action: Shares of Marriott Vacations Worldwide fell 0.1% to close at $76.45 on Friday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/23/11/35742089/fear-among-us-investors-is-easing-heres-why"> Fear Among US Investors Is Easing, Here&#39;s Why </a>

Truist Securities analyst Michael Swartz maintains Fox Factory Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXF#NASDAQ">FOXF</a>) with a Buy and lowers the price target from $120 to $90.

Truist Securities Maintains Buy on Fox Factory Hldg, Lowers Price Target to $90

U.S. stocks traded higher toward the end of trading, with the S&amp;P 500 gaining more than 1% on Friday
The Dow traded up 0.90% to 34,144.58 while the NASDAQ rose 1.61% to 13,508.42. The S&amp;P 500 also rose, gaining, 1.24% to 4,371.45.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/11/35589187/top-5-health-care-stocks-that-are-preparing-to-pump-in-november"> Top 5 Health Care Stocks That Are Preparing To Pump In November</a>
&nbsp;
<h3>Leading and Lagging Sectors</h3>
&nbsp;
Real estate shares jumped by 3% on Friday.
In trading on Friday, energy shares fell by 1.2%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
Apple, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) reported stronger-than-expected earnings and sales results for its fourth quarter on Thursday.
Apple reported fourth-quarter earnings of $1.46 per share, ahead of the consensus estimate of $1.39 per share. Revenue came in at $89.5 billion compared to the $90.15 billion the tech giant reported a year ago, beating the revenue expectation from analysts of $89.28 billion.
Revenue of $43.805 billion for the iPhone came in below expectations. The Street was anticipating a figure of $44 billion, according to CNBC.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
Udemy, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/udmy#NASDAQ">UDMY</a>) shares shot up 37% to $12.31 following strong quarterly earnings.
Shares of Qurate Retail, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qrtea#NASDAQ">QRTEA</a>) got a boost, shooting 57% to $0.6765 following third-quarter results.
Cooper-Standard Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cps#NYSE">CPS</a>) shares were also up, gaining 41% to $17.96 following better-than-expected third-quarter results.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
Fox Factory Holding Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/foxf#NASDAQ">FOXF</a>) shares dropped 33% to $56.00 after the company reported downbeat third-quarter results and issued weak fourth-quarter forecast.
Shares of BILL Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bill#NYSE">BILL</a>) were down 25% to $66.83 after the company reported first-quarter results and lowered its FY24 revenue outlook.
Inseego Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/insg#NASDAQ">INSG</a>) was down, falling 31% to $0.36 after the company reported worse-than-expected third-quarter financial results.
Also Check This Out:<a href="https://www.benzinga.com/markets/cryptocurrency/23/11/35590927/ethereum-falls-below-1-800-following-jobs-report-solana-conflux-among-top-losers"> Ethereum Falls Below $1,800 Following Jobs Report; Solana, Conflux Among Top Losers</a>
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded down 2% to $80.79 while gold traded up 0.3% at $1,998.60.
Silver traded up 1.9% to $23.285 on Friday while copper rose 0.1% to $3.6775.
&nbsp;
<h3>Euro zone</h3>
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European shares closed mostly higher today. The eurozone&rsquo;s STOXX 600 gained 0.17%, London&rsquo;s FTSE 100 fell 0.39% while Spain&rsquo;s IBEX 35 Index rose 0.36% The German DAX gained 0.30% French CAC 40 fell 0.19%, while Italy&rsquo;s FTSE MIB Index gained 0.69%.
The eurozone unemployment rate rose to 6.5% in September from 6.4% in the previous month, while Italy&rsquo;s jobless rate rose to 7.4% in September from 7.3% in August. The S&amp;P Global/CIPS UK composite PMI was revised higher to 48.7 in October from a preliminary reading of 48.6.
Industrial production in France declined for the second straight month to 0.5% month-over-month in September. The trade surplus in Germany narrowed to EUR 16.5 billion in September versus a revised EUR 17.7 billion in the prior month.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed higher on Friday, with Hong Kong&rsquo;s Hang Seng Index gaining 2.52% and China&rsquo;s Shanghai Composite Index gaining 0.71%. India&rsquo;s S&amp;P BSE Sensex, meanwhile, rose around 0.44%.
China&#39;s current account surplus shrank to $62.6 billion in the third quarter from $139.6 billion in the year-ago period, while Caixin China General service PMI increased to 50.4 in October from 50.2 a month ago.
The S&amp;P Global Hong Kong SAR PMI fell to 48.9 in October from 49.6 in September. The S&amp;P Global India services PMI fell to 58.4 in October from 61.0 a month ago.
&nbsp;
<h3>Economics</h3>
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The U.S. economy added 150,000 jobs in October compared to a revised 297,000 gain in September, and versus market estimates of 180,000. The unemployment rate rose to 3.9% in October from 3.8% a month ago.
Average hourly earnings for all employees on private nonfarm payrolls rose by 0.2% to $34.00 in October.
The S&amp;P Global composite PMI was revised lower to 50.7 in October from a preliminary reading of 51.0.
The ISM services PMI declined to 51.8 in October, down from estimates of 53.
The total number of active U.S. oil rigs slipped by 8 to 496 rigs this week, Baker Hughes Inc reported.
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/11/35584870/jim-cramer-its-just-not-that-bad-a-company-as-stock-plummets-over-40-post-earnings"> Jim Cramer: &#39;It&#39;s Just Not That Bad A Company,&#39; As Stock Plummets Over 40% Post Earnings </a>

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Legal

Press Releases

DEADLINE ALERT for INOD, DKS, FOXF, and LTRX: The Law Offices of Frank R. Cruz Reminds Investors of Class Actions on Behalf of Shareholders

Levi & Korsinsky Notifies Fox Factory Holding Corp. Investors of a Class Action Lawsuit and Upcoming Deadline - FOXF

SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Fox Factory

FOXF LAWSUIT ALERT: The Gross Law Firm Notifies Fox Factory Holding Corp. Investors of a Class Action Lawsuit and Upcoming Deadline

ONGOING DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Fox Factory

Levi & Korsinsky Announces the Filing of a Securities Class Action on Behalf of Fox Factory Holding Corp.(FOXF) Shareholders

FOXF INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Fox Factory Holding Corp. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit!

Shareholders that lost money on Fox Factory Holding Corp.(FOXF) Urged to Join Class Action - Contact The Gross Law Firm to Learn More

Levi & Korsinsky Reminds Shareholders of a Lead Plaintiff Deadline of April 22, 2024 in Fox Factory Holding Corp. Lawsuit - FOXF