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The fund uses a passive management (or indexing) approach to track the performance, before fees and expenses, of the index. The index is composed of the exchange-listed common stock (or depository receipts) of U.S. and international passenger airlines, aircraft manufacturers, airports, and terminal services companies (as determined by independent industry listings) across the globe (collectively, Airline Companies). The index may include small-, mid-, and large-capitalization companies. The fund is non-diversified.

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U.S. stocks started the new week with strong gains, as all major indices and sectors in the S&amp;P 500 were in the green by midday in New York. This comes after Wall Street experienced its worst week of the year.

Wall Street Rallies After Last Week&#39;s Sell-Off, Palantir Soars On S&amp;P 500 Inclusion, Airlines Rally: What&#39;s Driving Markets Monday?

Portland,,Oregon,-may,11,2019:,Southwest,Airlines,Passenger,Planes,At

News

AIRL

Southwest Airlines reports strong summer travel with no cancellations on Labor Day, carrying a record 54 million customers on over 414,000 flights. 

What&#39;s Going On With Southwest Airlines Stock Premarket Wednesday?

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ETSY

MTCH

SBUX

Elliott Management increased positions in online dating, ecommerce and airline stocks in the second quarter. A look at the stocks bought.

Elliott Management Raises Stakes On Online Dating, E-Commerce, Airline Bets: What Investors Should Know

<a href="https://iceberg-research.com/2024/09/19/new-found-gold-corp-nyse-nfgc-tsx-nfg-lies-misrepresentations-and-a-professional-stock-promoter/" title="https://iceberg-research.com/2024/09/19/new-found-gold-corp-nyse-nfgc-tsx-nfg-lies-misrepresentations-and-a-professional-stock-promoter/">https://iceberg-research.com/2024/09/19/new-found-gold-corp-nyse-nfgc-tsx-nfg-lies-misrepresentations-and-a-professional-stock-promoter/</a>

Short Sellers

Short Ideas

NFGC

Watching Shares Of New Found Gold, Iceberg Research Publishes Report Titled, "New Found Gold Corp. (NYSE: $NFGC, TSX: $NFG): Lies, Misrepresentations, and a Professional Stock Promoter"

Big tech is acting <a href="https://www.benzinga.com/topic/surveillance">more like Big Brother</a>.
That&#8217;s according to the latest report from the Federal Trade Commission (FTC). The Thursday release details how major social media and video streaming platforms have taken snooping to a whole new level.
"The report lays out how social media and video streaming companies harvest an enormous amount of Americans' personal data and monetize it to the tune of billions of dollars a year," said FTC Chair Lina Khan in a statement Thursday. "While lucrative for the companies, these surveillance practices can endanger people's privacy, threaten their freedoms, and expose them to a host of harms, from identify theft to stalking.&#8221;
The FTC mentions nine companies specifically:
<ul>
<li>Amazon.com Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Twitch</li>
<li>Meta Platforms&#8217; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Facebook</li>
<li>Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) YouTube</li>
<li>X.com, formerly Twitter </li>
<li>ByteDance Ltd., which owns the video-sharing platform TikTok</li>
<li>Discord Inc.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>)</li>
<li>WhatsApp Inc. (also owned by Meta)</li>
<li>Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>)</li>
</ul>
Each company is monetizing the personal information of its users while failing to provide sufficient privacy protections, the FTC claims. 
&#8220;Several firms' failure to adequately protect kids and teens online is especially troubling,&#8221; Khan added, calling the report's findings &#8220;timely,&#8221; particularly as policymakers consider legislation to protect people from &#8220;abusive data practices."
<h1 class="wp-block-heading">Unchecked Data Collection And Sharing</h1>
In 2020, the FTC issued orders to the nine social media and video streaming companies, requiring them to provide data on how they collect, use and present personal information.
What regulators found was that the platforms collected massive amounts of personal data, including from data brokers, not only from users but also from non-users. The data then fuels automated systems for targeted advertising and algorithmic content delivery.
The agency flagged these companies for a lack of transparency and making little effort to inform users or allow them to opt out of data collection. In some cases, the companies failed to delete user data even when requested, raising further concerns about data retention and privacy rights, the report continued.
The FTC found that companies employed privacy-invasive technologies, such as tracking pixels, to monitor users&#8217; behavior and serve personalized ads. These advertising models are the backbone of their businesses, often in direct conflict with user privacy. Companies also <a href="https://www.benzinga.com/general/entertainment/24/04/38054087/facebook-is-selling-your-private-messages-lawsuit-alleges">shared collected data broadly</a> with third parties, amplifying the risk of misuse.
See Also: <a href="https://www.benzinga.com/news/24/07/39848971/new-instagram-study-to-investigate-social-medias-effects-on-teen-mental-health">New Instagram Study to Investigate Social Media&#8217;s Effects On Teen Mental Health</a>
<h1 class="wp-block-heading">Impact On Children And Teens</h1>
The report reveals social media and streaming platforms failed to protect younger users.
Companies either claimed there were no children on their platforms or their services weren't designed for minors. The FTC slammed it as an attempt to bypass regulations like the Children's Online Privacy Protection Act (COPPA).
However, the report highlights many platforms treat teens similarly to adults, without implementing additional safety measures or privacy protections for these vulnerable users.
The report wasn&#8217;t without its critics, including those from within the FTC.
Commissioner Andrew Ferguson, for example, voted to approve the publication of the report but argues it &#8220;should have focused more on proposing legislative improvements to the online rights of parents and children rather than accusing companies of violating existing law under novel, dubious theories.&#8221;
Ferguson argued against the claim that consumers can suffer "extreme harm" by being shown a targeted advertisement. He called it &#8220;a gratuitous attack on the online economy made with the goal of justifying heavy-handed regulation.&#8221;
Indeed, legislators who lean both Democrat and Republican seldom meet in the middle when addressing digital privacy. Recall how Republican Gov. Ron DeSantis signed the country's <a href="https://www.benzinga.com/markets/equities/24/03/37922168/new-florida-law-to-ban-social-media-for-kids-under-14-require-id-checks-on-all-ages-whats-at-sta">most restrictive social media law</a> to date, banning children under 13 from using platforms such as Instagram, Facebook and ByteDance&#8217;s TikTok.
And Beijing-based Bytedance is already facing massive scrutiny from the federal government over fear that user data is vulnerable. A new bill seeks to <a href="https://www.benzinga.com/markets/asia/24/03/37800098/tiktok-ban-china-has-the-power-to-block-sale-gains-leverage-over-washington" target="_blank" rel="noreferrer noopener">force the company to sell its U.S. operations</a> to a local buyer by early 2025. Otherwise, TikTok faces a complete shutdown in the U.S. 
Republican nominee and former President Donald Trump has placed low emphasis on regulation ahead of <a href="https://www.benzinga.com/topic/2024-presidential-election">the 2024 presidential election</a>. After all, he has the support of X.com owner Elon Musk and several Silicon Valley billionaires, including Marc Andreessen <a href="https://sfstandard.com/2024/08/16/felicia-ben-horowitz-party-switch/">and</a> Ben Horowitz.
Vice President Kamala Harris, the Democratic nominee, has not pushed for big tech companies to be broken up. Instead, she argues that these companies should be "regulated in a way that we can ensure the American consumer can be certain that their privacy <a href="https://www.benzinga.com/general/politics/24/07/39889666/kamala-harris-on-ai-tiktok-and-big-tech-breakups-privacy-is-not-being-compromised">is not being compromised</a>."
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40941053/s-p-500-dow-jones-hit-record-highs-magnificent-7-add-400-billion-after-feds-histori">S&amp;P 500, Dow Jones Hit Record Highs: Magnificent 7 Add $400 Billion After Fed&#8217;s Historic Interest Rate Cut</a></li>
</ul>
Image: Pixabay

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Regulations

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AMZN

GOOG

GOOGL

RDDT

SNAP

No Privacy For Profit's Sake: FTC Calls Out Amazon, Meta, Big Tech For Exposing Users To 'Host Of Harms'

Piper Sandler analyst Brent Bracelin maintained an Overweight rating on HubSpot Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) with a <a target="_blank" href="https://www.benzinga.com/quote/HUBS/analyst-ratings" rel="noreferrer noopener">$570&nbsp;price target</a>.
Bracelin expects HubSpot to gain market share due to its highly efficient GTM effort combined with organic product development, which results in customer satisfaction and structurally higher gross dollar retention in the high 80s.
The analyst noted that the company is increasing, expanding at three times the market&#8217;s 11% rate over the last four years, yet its share is still a tiny 4%.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40251885/hubspot-analysts-cut-their-forecasts-after-q2-results" rel="noreferrer noopener">HubSpot Analysts Cut Their Forecasts After Q2 Results</a>
In the near term, HubSpot faces headwinds in macro and foreign exchange, but the company expects to recover quickly when the economy strengthens.
Bracelin attended the HubSpot customer conference (Inbound) and analyst day in Boston, MA, which left him incrementally positive that moving past the election or <a target="_blank" href="https://in.benzinga.com/markets/equities/24/09/40932103/it-stocks-on-the-rise-after-u-s-fed-cuts-interest-rate" rel="noreferrer noopener">interest rate cuts</a> could spur new customer spending growth.
The analyst remains impressed with HubSpot&#8217;s product innovations, which drive substantial customer net additions and above-market growth despite two years of challenging macroeconomic conditions.
The company discussed a new series of AI product innovations, Bracelin flagged. Partner and customer discussions indicate incremental bullishness on demand trends moving into 2025.
The company also updated its long-term operating margin target from 20%-25% to 25%. Agency partners remain committed to the HubSpot platform and, despite a change in commission structure, continue to drive net new business for the company, the analyst noted.
CEO Yamini Rangan&#8217;s keynote address highlighted the key challenge for HubSpot&#8217;s customers over the last two years. Bracelin noted that this challenge is highly correlated to the recent interest rate cycle, making attracting and retaining customers more demanding.
Management continues accelerating AI product development with several new modules released at Inbound 2024.
During the keynote session, Bracelin noted that CTO and co-founder Dharmesh Shah highlighted HubSpot&#8217;s development of a &#8220;LinkedIn&#8221;-style interface where customers can search for and utilize AI agents for various use cases.
Based on partner discussions, the analyst summarized his conclusions. Near-term trends are improving, with July and August being better than May and June, Bracelin noted.
Bracelin spoke with several ZoomInfo Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) partners and direct customers, who indicated that more SMB churn could be on the company&#8217;s horizon.
During the formal investor session, management highlighted core tenets of the HubSpot platform, including ease of use, fast time to value, and a unified platform built organically, the analyst noted. The company discussed usage-based pricing for the first time, which could be on the horizon.
Bracelin projected fiscal 2024 revenue of $2.57 billion and EPS of $7.66.
Price Action: HUBS stock is up 4.86% at $528.52 at the last check on Thursday.
Photo via Company

Analyst Color

Price Target

Reiteration

Analyst Ratings

HUBS

HubSpot To Gain Market Share With AI Innovations and Strong Retention, Bullish Analyst Says

Trupanion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>) underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints 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;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</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;">3</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>
Analysts have recently evaluated Trupanion and provided 12-month price targets. The average target is $35.6, accompanied by a high estimate of $45.00 and a low estimate of $30.00. Observing a 28.06% increase, the current average has risen from the previous average price target of $27.80. 
<img src="https://www.benzinga.com/files/images/story/2024/1726771569_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The standing of Trupanion among financial experts is revealed through an in-depth exploration 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>Greg Gibas</td>
<td>Northland Capital Markets</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$45.00</td>
<td>$35.00</td>
</tr>
<tr>
<td>Greg Gibas</td>
<td>Northland Capital Markets</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$35.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>John Barnidge</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$38.00</td>
<td>$30.00</td>
</tr>
<tr>
<td>Jonathan Block</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$30.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>John Barnidge</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$30.00</td>
<td>$22.00</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 Trupanion. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Trupanion compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Trupanion's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Trupanion's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/TRUP/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Trupanion 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>Get to Know Trupanion Better</h2>
Trupanion Inc is a specialty insurance products provider in the United States. Its core business is the sale of insurance products tailor-made for pets, especially cats and dogs. It operates in two business segments: The subscription business segment generates revenue primarily from subscription fees related to the Company's direct-to-consumer products and Other business segment is comprised of revenue from other product offerings that generally have a business-to-business relationship and a different margin profile than subscription business segment, including revenue from writing policies on behalf of third parties and revenue from other products and software solutions.
<h3>Trupanion: A Financial Overview</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Trupanion's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 16.35%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Trupanion's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -1.86%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Trupanion's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -1.92%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Trupanion's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.74%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Trupanion's debt-to-equity ratio is below the industry average. With a ratio of 0.42, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and 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.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

TRUP

5 Analysts Have This To Say About Trupanion

Throughout the last three months, 7 analysts have evaluated Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>), offering a diverse set of opinions from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over 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;">3</td>
<td style="text-align: right;">2</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;">0</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>
</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;">1</td>
<td style="text-align: right;">1</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>3M Ago</td>
<td style="text-align: right;">2</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 $252.37, a high estimate of $274.60, and a low estimate of $235.00. Highlighting a 0.05% decrease, the current average has fallen from the previous average price target of $252.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1726771524_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The standing of Avery Dennison among financial experts is revealed through an in-depth exploration 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>John McNulty</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$252.00</td>
<td>$254.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$235.00</td>
<td>$262.00</td>
</tr>
<tr>
<td>John McNulty</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$254.00</td>
<td>$256.00</td>
</tr>
<tr>
<td>Michael Roxland</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$258.00</td>
<td>$253.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$252.00</td>
<td>$260.00</td>
</tr>
<tr>
<td>Lars Kjellberg</td>
<td>Stifel</td>
<td>Announces</td>
<td>Buy</td>
<td>$274.60</td>
<td>-</td>
</tr>
<tr>
<td>Anthony Pettinari</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$241.00</td>
<td>$230.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Avery Dennison. This information provides a snapshot of how analysts perceive 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 Avery Dennison compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for Avery Dennison's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
To gain a panoramic view of Avery Dennison's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/AVY/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Avery Dennison analyst ratings.</a>
<h2>Unveiling the Story Behind Avery Dennison</h2>
Avery Dennison manufactures pressure-sensitive materials, merchandise tags, and labels. The company also runs a specialty converting business that produces radio-frequency identification, or RFID, inlays and labels. Avery Dennison draws a significant amount of revenue from outside the United States, with international operations accounting for the majority of total sales.
<h3>Avery Dennison's Financial Performance</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Over the 3 months period, Avery Dennison showcased positive performance, achieving a revenue growth rate of 6.93% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Materials sector.
Net Margin: Avery Dennison's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of 7.91%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Avery Dennison's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 7.87%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Avery Dennison's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 2.14%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 1.41, Avery Dennison adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>How Are Analyst Ratings Determined?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

In-Depth Examination Of 7 Analyst Recommendations For Avery Dennison

Carpenter Tech's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRS#NYSE">CRS</a>) short percent of float has fallen 10.0% since its last report. The company recently reported that it has 1.45 million shares sold short, which is 4.05% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.65 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Carpenter Tech Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726771523_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Carpenter Tech has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Carpenter Tech's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Carpenter Tech's peer group average for short interest as a percentage of float is 5.01%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Carpenter Tech's Recent Short Interest

Kyndryl Hldgs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KD#NYSE">KD</a>) short percent of float has fallen 12.12% since its last report. The company recently reported that it has 9.32 million shares sold short, which is 5.15% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.22 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Kyndryl Hldgs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726771517_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Kyndryl Hldgs has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Kyndryl Hldgs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Kyndryl Hldgs's peer group average for short interest as a percentage of float is 4.14%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(KD) - Analyzing Kyndryl Hldgs's Short Interest

Delta Air Lines's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) short percent of float has fallen 4.8% since its last report. The company recently reported that it has 30.55 million shares sold short, which is 5.35% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.97 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Delta Air Lines Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726771512_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Delta Air Lines has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Delta Air Lines's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Delta Air Lines's peer group average for short interest as a percentage of float is 12.40%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(DAL) - Analyzing Delta Air Lines's Short Interest

- Reuters Citing Three Security Sources&nbsp;

iShares MSCI Israel Capped Investable Market Index Fund

ISRA

Israel Conducts Dozens Of Strikes In South Lebanon In Recent Hours In Major Intensification Of Bombing

During the last three months, 5 analysts shared their evaluations of GEO Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>), revealing diverse outlooks from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over 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;">2</td>
<td style="text-align: right;">3</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>Last 30D</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>
<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;">1</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>
</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>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $18.1, with a high estimate of $19.00 and a low estimate of $17.00. This current average has decreased by 1.84% from the previous average price target of $18.44. 
<img src="https://www.benzinga.com/files/images/story/2024/1726771491_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The analysis of recent analyst actions sheds light on the perception of GEO Group 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>Jay McCanless</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$17.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$17.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Jason Weaver</td>
<td>Jones Trading</td>
<td>Maintains</td>
<td>Buy</td>
<td>$18.75</td>
<td>$18.75</td>
</tr>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$19.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Jason Weaver</td>
<td>Jones Trading</td>
<td>Announces</td>
<td>Buy</td>
<td>$18.75</td>
<td>-</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 GEO Group. 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 GEO Group compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of GEO Group's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of GEO Group's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/GEO/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on GEO Group 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>Unveiling the Story Behind GEO Group</h2>
The GEO Group Inc specializes in detention facilities and community reentry centers. It operates in four segments: U.S. Secure Services, which mainly encompasses U.S.-based secure services business; Electronic Monitoring and Supervision Services, which conducts its services in the United States, represents services provided to adults for monitoring services and evidence-based supervision and treatment programs for community-based parolees, probationers, and pretrial defendants; Reentry Services conducts its services in the United States represents services provided to adults for residential and non-residential treatment, educational and community-based programs, pre-release and half-way house programs; and International Services.
<h3>Breaking Down GEO Group's Financial Performance</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining GEO Group's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 2.24% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -5.35%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): GEO Group's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -2.51%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): GEO Group's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.89%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: GEO Group's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.45.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and 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>.
Breaking: Wall Street's Next Big Mover
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

5 Analysts Assess GEO Group: What You Need To Know

Hut 8 Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) stock is trading higher on Thursday after the company announced it expanded its partnership with BITMAIN to unveil the U3S21EXPH, a liquid-cooled ASIC miner for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40933606/hut-8-expands-partnership-with-bitmain-unveils-next-gen-liquid-cooled-asic-miner-for-bitco">mining</a>.
The Details: The company plans to implement the model in the 2025 second quarter, with a hosting agreement of roughly 15 EH/s, relying on a custom in-house data center infrastructure.
The agreement with BITMAIN allows Hut 8 to purchase the hosted machines in a maximum of three tranches. These potential purchases would come at a fixed rate within the first six months following energization of the relevant tranche(s). 
The 15 EH/s outlined in the agreement is anticipated to increase Hut 8&#8217;s hash rate under management to 33.5 EH/s, assuming the company does not execute its purchase options. If it executes all of its purchase options, that is anticipated to bring the company&#8217;s self mining hash rate to about 20.6 EH/s.
The launch of this ASIC miner is part of Hut 8&#8217;s broader plan to expand its computing capabilities in energy-intensive areas like Bitcoin mining and AI, aiming to optimize returns from its power assets and infrastructure. 
&#8220;Our partnership with BITMAIN has allowed us to advance our thinking on ASIC compute and create a more scalable model for data center design as we expand our footprint,&#8221; said Asher Genoot, CEO of Hut 8. 
Related Link: <a href="https://www.benzinga.com/news/24/09/40941818/how-this-cheese-aging-tech-is-boosting-profits-for-cannabis-growers-stop-throwing-cheddar-out-the-do">How This Cheese-Aging Tech Is Boosting Profits For Cannabis Growers: Stop Throwing Cheddar Out The Door</a>
HUT Price Action: At the time of writing, Hut 8 stock is trading 5.67% higher at $11.65, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo via Unsplash

Movers

What's Going On With Hut 8 Shares Thursday?

Shares of Hewlett Packard Enterprise Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) rose some 3.09% to $18.87 Thursday afternoon after the Federal Reserve announced a 50-basis-point interest rate cut at its September Federal Open Market Committee (FOMC) meeting.
The unexpected 50 basis point rate cut signals a more aggressive approach to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40937291/bank-stocks-hit-inflection-point-after-feds-50-basis-point-cut-analyst-reveal-top-p">monetary easing</a>, a move that could have significant implications for companies like Hewlett Packard Enterprise, particularly in the tech and enterprise services sector.
Why This Matters: HPE's business model depends on significant capital investment and long-term contracts with enterprise customers. Macroeconomic conditions, such as interest rates, inflation and access to capital, can influence global corporate IT spending and company revenue.
In a general sense, HPE's financial health and growth prospects are sensitive to changes in borrowing costs due to the capital-intensive nature of its business and its customers&#8217; reliance on financing for large-scale IT projects.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40941053/s-p-500-dow-jones-hit-record-highs-magnificent-7-add-400-billion-after-feds-histori">S&amp;P 500, Dow Jones Hit Record Highs: Magnificent 7 Add $400 Billion After Fed&#8217;s Historic Interest Rate Cut</a>
HPE, like many large-cap tech companies, also frequently taps the debt markets to finance operations, acquisitions and capital expenditures. The Fed's rate cut reduces the cost of borrowing for HPE, which translates into lower interest expenses on its existing and future debt. 
As of third-quarter 2024, HPE had roughly $11.3 billion in total debt, and lower interest rates could result in significant savings on its interest payments, improving its profit margins and bottom line.
What Else: Many of HPE's enterprise customers also finance large IT infrastructure projects through borrowing. Lower interest rates reduce the cost of financing for these customers, making it easier for them to invest in HPE's high-margin products and services. 
A more aggressive rate-cut cycle, as indicated by the Fed's updated dot plot projections, could spur corporate spending on critical IT infrastructure, further boosting HPE's revenue growth.
The Federal Reserve's updated projections, which forecast the federal funds rate to drop to 3.25%-3.5% by the end of 2025, could provide a clear runway for continued easing. For Hewlett Packard Enterprise, this could result in a multi-year period of favorable conditions for internal financing and customer demand.
Read Also: <a href="https://www.benzinga.com/trading-ideas/technicals/24/09/40942814/boeing-braces-for-turbulence-as-strikes-furloughs-send-stock-sliding-bearish-signals-pre">Boeing Braces For Turbulence As Strikes, Furloughs Send Stock Sliding, Bearish Signals Prevail</a>
<h2 class="wp-block-heading">How To Buy HPE Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Hewlett Packard&#8217;s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, HPE has a 52-week high of $22.82 and a 52-week low of $14.46.

Why Hewlett Packard (HPE) Stock Is Seeing Blue Skies

Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) stock is up after Piper Sandler analyst Patrick Moley maintained an Overweight rating and raised its <a target="_blank" href="https://www.benzinga.com/quote/HOOD/analyst-ratings" rel="noreferrer noopener">price target from $23 to $27</a>.
The re-rating follows the <a target="_blank" href="https://in.benzinga.com/markets/equities/24/09/40932103/it-stocks-on-the-rise-after-u-s-fed-cuts-interest-rate" rel="noreferrer noopener">50 bps Fed rate cut</a>, with Moley reiterating that the second-order effects of Fed rate cuts on margin balance growth and overall retail trading activity will be enough to offset the negative impact of lower rates.
The price target reflects seven times the analyst&#8217;s 2026 revenue estimate (up from 6 times previously to reflect recent peer group multiple expansion and a more favorable retail trading environment).
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/09/40938590/whats-going-on-with-ai-related-stocks-nvidia-amd-broadcom-and-super-micro-on-thursday" rel="noreferrer noopener">What&#8217;s Going On With AI Related Stocks Nvidia, AMD, Broadcom And Super Micro On Thursday?</a>
Moley said that Crypto accounted for ~16% of Robinhood Markets&#8217; net revenues in the first half of 2024. While the stock has by far the most robust crypto offering of any traditional U.S. retail broker, its offering is pretty conservative compared to crypto-native firms like Coinbase Global, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).
Moley noted that the passage of comprehensive crypto legislation in the U.S. is nearing. CME Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>) and Coinbase CEOs believe comprehensive legislation could come before year-end.
The analyst said Robinhood Markets is well positioned to benefit if this occurs, given its relatively conservative crypto offering and a younger customer demographic with an appetite to adopt new crypto products.
Moley projects ~ a 10%-12% EPS upside to Robinhood Markets&#8217; earnings if the company expands its crypto offering to something comparable to crypto-native peers.
<h2 class="wp-block-heading">Robinhood Stock Prediction For 2024</h2>
Robinhood Markets&#8217;s revenue growth in FY23 was 37.33%, reflecting the influence of various factors including the macroeconomic environment, demand for its products and services, and its position relative to competitors. This growth is a critical indicator for investors assessing the company&#8217;s future prospects.
Some macro factors that could impact the company's performance in the next year include higher interest rates, progress on reeling in inflation and labor market strength. The Fed's benchmark rate is currently at 5.33%, while PPI recently came in at 0.2%, growing 1.7% from last year. The unemployment rate was most recently reported as 4.2%.
An investor should pay attention to economic conditions to decide whether they think the macro environment is positive or negative for Robinhood Markets stock. For real time economic data and breaking market updates, <a href="https://pro.benzinga.com/">check out Benzinga Pro. Try it for free.</a>
How does this stack up against Robinhood Markets's peers?
Investors may also want to analyze a stock in comparison to companies with similar products or in similar industries. Robinhood Markets operates in the Financials sector. The stock has experienced average annual growth of -17.32% compared to the 10.93% average of its peer companies. This is below the broader sector movement of Robinhood Markets.
Price Action: HOOD stock is up 2.68% at $23.57 at last check Thursday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40941075/whats-going-on-with-autonomous-driving-stock-mobileye-thursday" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Autonomous Driving Stock Mobileye Thursday?</a></li>
</ul>

COIN

HOOD

This Robinhood Analyst Raises Forecast By 17% On Retail Trading and Crypto Expansion - Here's Why

Large tech companies are racing to launch new artificial intelligence<a href="https://www.benzinga.com/topic/artificial-intelligence"> products and services </a>to capture market share. Most recently, Amazon.com Inc (NADSAQ: AMZN) announced its beta software of a new video-generating tool powered by AI in <a href="https://www.aboutamazon.com/news/innovation-at-amazon/amazon-ads-generative-ai-video-generator-advertisers">a blog post on Thursday. </a>The product allows advertisers to create videos for customers through Amazon's AI software. Amazon's new offering could rival Adobe Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) text-to-video service, Firefly, which is set to launch in beta at some point this year, according to <a href="https://www.theverge.com/2024/9/11/24241649/adobe-firefly-text-to-video-generative-ai-features-preview">The Verge. </a>Amazon's new video generator will be available in beta to select advertisers. Companies will be able to use Amazon's AI systems to create videos to advertise their products at no additional cost. 
Read Also: <a href="https://www.benzinga.com/news/large-cap/24/09/40930357/amazon-ends-remote-work-former-employee-asks-if-this-is-the-companys-version-of-silent-sacking">Amazon Ends Remote Work, Former Employee Asks If This Is The Company&#8217;s Version Of &#8216;Silent Sacking&#8217;</a>
"Video generator is another meaningful innovation that leverages generative AI to inspire creativity and deliver more value for both advertisers and shoppers," Amazon Ads vice president of product and technology Jay Richman said. Amazon and Adobe are not alone in the AI-powered video generator space. Other companies, like OpenAI, have also teased technology allowing users to create videos through simple text prompts such as "dog running through a field." What Is Amazon Ads? Amazon Ads is the company's advertising arm, offering various marketing strategies and solutions to companies of all sizes. According to its website, companies can launch an advertising campaign through Amazon Ads in five minutes or less. Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40847157/jim-cramer-rebukes-analysts-for-harsh-stance-on-adobe-despite-strong-q3-earnings-report-asks-for">Jim Cramer Rebukes Analysts For Harsh Stance On Adobe Despite Strong Q3 Earnings Report — Asks For Balanced Perspective Between &#8216;Total Euphoria And Total Skepticism&#8217;</a></li>
</ul>
Image: Shutterstock

General

ADBE

As The AI Arms Race Wages On, Amazon Takes Shot At Rival Adobe With New Text-To-Video Product

Rogers Communications Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCI#NYSE">RCI</a>) shares are trading higher on Thursday. On Wednesday, the company disclosed an agreement to acquire Bell&#8217;s 37.5% stake in Maple Leaf Sports &amp; <a href="https://www.benzinga.com/pressreleases/24/09/g40917829/rogers-to-become-majority-owner-of-maple-leaf-sports-entertainment" target="_blank" rel="noreferrer noopener">Entertainment</a><a href="https://www.benzinga.com/pressreleases/24/09/g40917829/rogers-to-become-majority-owner-of-maple-leaf-sports-entertainment" target="_blank" rel="noreferrer noopener"> (MLSE) for $3.46 billion (Canadian $4.7 billion</a>).
Upon closure, Rogers will hold a 75% controlling interest in MLSE. Bell will retain long-term broadcast and sponsorship rights, including access to 50% of Toronto Maple Leafs and Raptors games.
This deal expands Rogers&#8217; sports portfolio, which includes ownership of the Toronto Blue Jays, Rogers Centre and Sportsnet, and partnerships with the Vancouver Canucks, Edmonton Oilers, Calgary Flames and the NHL.
With this transaction, Rogers aims to continue investing in efforts to bring championships to Canada. The transaction is pending league and regulatory approvals.
&#8220;As Canada&#8217;s leading communications and entertainment company, live sports and entertainment are a critical part of our core business strategy,&#8221; said Tony Staffieri, Rogers Communications president and CEO.
In July, the company reported second-quarter revenues of $3.7 billion (C$5.093 billion), <a href="https://www.benzinga.com/news/earnings/24/07/39937266/rogers-communication-navigates-mixed-q2-subscriber-additions-clash-with-revenue-miss" target="_blank" rel="noreferrer noopener">missing the consensus of $3.76 billion</a> (<a href="https://www.benzinga.com/news/earnings/24/07/39937266/rogers-communication-navigates-mixed-q2-subscriber-additions-clash-with-revenue-miss" target="_blank" rel="noreferrer noopener">C$5.105 billion</a>).
As of June&nbsp;30, the firm had $3.17 billion (C$4.3 billion) of available liquidity, consisting of $331,980,750 (C$0.45 billion) in cash and cash equivalents and $2.8 billion (C$3.85 billion) available under bank and other credit facilities.
RCI Price Action: RCI shares are up 0.50% at $39.84 at the last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com//node/40944024" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Fed In &#8216;Pro-Growth Mode&#8217; Will Drive Small Cap Performance, Lazard Expert Says</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Entertainment

Sports

Global

Rogers Communications Pays $3.46B for Majority Stake In Maple Leaf Sports & Entertainment

Jefferies analyst Glen Santangelo maintains Progyny (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) with a Buy and lowers the price target from $31 to $24.

PGNY

Jefferies Maintains Buy on Progyny, Lowers Price Target to $24

4D Molecular Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FDMT#NASDAQ">FDMT</a>) stock is trading lower on Thursday after the company released interim follow-up data from the Phase 1/2 PRISM clinical trial and 4FRONT <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40927731/4dmt-highlights-robust-and-durable-clinical-activity-for-4d-150-and-design-of-4front-phase-3-progr" rel="noreferrer noopener">Phase 3 study design</a>.
Robust and durable treatment burden reduction was observed in all PRISM populations studied with the planned Phase 3 dose of 3E10 vg/eye of 4D-150.
83% overall reduction in annualized injections, 52% received 0 or 1 injection, and 44% injection-free in Phase 1/2a Severe study compared to Phase 2b Broad study with observations of 89%, 80%, and 70% injection-free, respectively.
In Phase 2b, recently diagnosed patients, a 98% overall reduction in annualized injections, 100% received 0 or 1 injection, and 87% injection-free was observed.
In June, &nbsp;4D Molecular Therapeutics unveiled interim 24-week data from the Population Extension cohort of its PRISM&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/24/07/39823256/4d-molecular-therapeutics-goes-neck-to-neck-with-rival-shares-new-phase-2-data-for-its-wet-amd-ca" rel="noreferrer noopener">Phase 2 Clinical Trial</a>.
The trial evaluates intravitreal 4D-150 in a broad wet AMD patient population.
Central Subfield Thickness&nbsp;(CST): sustained anatomic control with fewer fluctuations.
4D-150 continues to be well tolerated with a favorable safety profile
The rate of 4D-150 intraocular inflammation (IOI) is numerically similar to that reported for approved anti-VEGF agents.
<ul>
<li>Wet AMD:2.8% (2 of 71) had 4D-150–related IOI at any time point, and two patients had transient 1+ vitreous cells</li>
<li>99% (70 of 71) completed steroid prophylaxis taper on schedule and 97% (69 of 71) remained off steroids completely.</li>
<li>Diabetic Macular Edema (DME; SPECTRA trial): No patients treated at any dose (n=22) have experienced IOI events at any time.</li>
</ul>
In February this year, 4D Molecular Therapeutics released interim data from the Phase 2 PRISM clinical trial evaluating intravitreal 4D-150 in wet age-related macular degeneration <a href="https://www.benzinga.com/general/biotech/24/02/36935968/why-is-eye-disease-focused-4d-molecular-therapeutics-stock-shooting-higher-today" target="_blank" rel="noreferrer noopener">(wet AMD) patients</a>. 
The company plans for a global 4FRONT Phase 3 development program comparing a single dose of 4D-150 3E10 vg/eye to on-label Regeneron Pharmaceuticals Inc.'s (NASDAQ: REGNP Eylea (aflibercept) 2mg Q8 weeks. The trial is expected to start in the first quarter of 2025, with around 500 participants.
Price Action: FDMT stock is down 18.80% at $13.66 at the last check on Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/40944130/hims-hers-to-offer-access-to-compounded-diabetes-and-weight-loss-drugs-for-just-99month-to-certain-p" target="_blank" rel="noreferrer noopener">Hims &amp; Hers To Offer Access To Compounded Diabetes And Weight Loss Drugs For Just $99/Month To Certain Professional Personnel</a>.</li>
</ul>

Biotech

Health Care

FDMT

4D Molecular Therapeutics Stock Falls After Follow-Up Data From Mid-Stage Study Of Vision Loss Drug Candidate

Former president Donald Trump, once leading in the polls, now finds himself trailing by 4 points after a 9-point swing in the election odds <a href="https://www.benzinga.com/general/politics/24/09/40910999/trump-in-trouble-vice-president-harris-has-record-6-point-lead-in-2024-election-poll-after-debat">over the past 9 days</a>.
What Happened: The reversal comes as the race for the 2024 U.S. presidential election intensifies, with Trump losing ground after earlier momentum in August.
According to Polymarket <a href="https://polymarket.com/event/presidential-election-winner-2024?tid=1726751506928">data</a>, Trump's odds of winning the election have slipped significantly since Sep. 10, which was right before <a href="https://www.benzinga.com/news/24/09/40808499/trump-vs-harris-debates-results-are-in-flash-poll-shows-resounding-majority-pick-vice-president-as-w">the first debate</a> with Vice President Kamala Harris.
At that time, <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40493514/donald-trump-now-leads-kamala-harris-by-5-points-after-10-point-election-odds-turnaround-i">Trump was positioned favorably</a>, but <a href="https://www.benzinga.com/general/politics/24/09/40824831/harris-vs-trump-swing-state-voters-pick-presidential-debate-winner-share-thoughts-on-immigration">unfavorable polls following the debate</a> have shifted voter sentiment and brought about the notable change in his standing.
The former President continues to slip in the election odds, with Vice President Harris building on her small lead from <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40918151/kamala-harris-edges-into-50-48-election-betting-odds-lead-but-this-billionaire-warns-he-wi">24 hours ago</a>.
Electionbettingodds.com, a <a href="https://electionbettingodds.com/">site</a> aggregating election odds from different sources, even shows an almost 8-point lead for the Vice President, who is ahead by 53.3% to Trump&#8217;s 45.6%.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40943186/cybercriminals-busted-for-243m-crypto-heist-they-spent-hundreds-of-thousands-in-night-club">Cybercriminals Busted For $243M Crypto Heist: They Spent Hundreds Of Thousands In Night Clubs And On Luxury Gifts</a>
Why It Matters: The shifting dynamics of the presidential race echo concerns raised by Anthony Scaramucci, founder of SkyBridge Capital, who has warned about the potential risks of Trump's divisive presence in the political landscape.
"Trump is a polarizing person. He's for it," <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40934959/anthony-scaramucci-says-donald-trump-is-a-polarizing-person-but-pulling-democrats-along-on">Scaramucci said at a panel</a>, highlighting how Trump's influence could further divide opinions on key issues, including cryptocurrencies and broader economic policies.
The former White House Communications Director also commented on the Vice President&#8217;s stance on cryptocurrencies, saying he is working with other bitcoin advocates on &#8220;distancing&#8221; her from SEC Chair Gary Gensler.
These developments will likely be a major topic at Benzinga's <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19, where industry leaders will discuss how the outcome of the election could impact markets, including digital assets and the broader financial landscape.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40942247/microstrategys-bitcoin-playbook-is-becoming-a-hit-among-companies-but-theres-a-catch">MicroStrategy&#8217;s Bitcoin Playbook Is Becoming A Hit Among Companies, But There&#8217;s A Catch</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

Donald Trump Now Trails Kamala Harris By 4 Points After 9-Point Election Odds Turnaround In Only 9 Days

Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) is reportedly sweetening its pay-by-bank feature in Walmart Pay, allowing customers to pay directly from their checking accounts rather than debit cards, with transactions instantly <a href="https://www.benzinga.com/insights/news/24/09/40902098/evaluating-walmart-against-peers-in-consumer-staples-distribution-amp-retail-industry" target="_blank" rel="noreferrer noopener">reflected in their bank accounts.</a>
With this update, Walmart will receive the funds instantly, <a href="https://www.bloomberg.com/news/articles/2024-09-19/walmart-plans-instant-bank-payments-cutting-out-card-networks?sref=TBDibEcD" target="_blank" rel="noreferrer noopener">reported</a> Bloomberg.
Walmart&#8217;s new pay-by-bank offering will be launched in 2025.
The dealings will occur over Fiserv Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>)&#8217;s NOW Network, which incorporates The Clearing House&#8217;s Real Time Payments network and the Federal Reserve&#8217;s FedNow.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, WMT stock has gained over 43.9% in the past year. Investors can gain exposure to the stock via&nbsp;SPDR Select Sector Fund &#8211; Consumer Staples (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) and&nbsp;Fidelity MSCI COnsumer Staples Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSTA#NYSE">FSTA</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40937873/walmart-steps-up-holiday-game-inflation-free-thanksgiving-meal-returns" rel="noreferrer noopener">Walmart Steps Up Holiday Game, Inflation-Free Thanksgiving Meal Returns</a>
The company is gearing up for the holiday season with new initiatives<a href="https://www.benzinga.com/pressreleases/24/09/b40931888/walmart-unveils-its-holiday-plans-with-early-shopping-deals-and-affordable-meals" target="_blank" rel="noreferrer noopener"> aimed at convenient shopping habits</a>.
Leading the charge is the return of its inflation-free Thanksgiving meal, priced lower than last year, set to launch on Oct. 14.
This year, the retailer also introduced a &#8220;buy one, give one&#8221; donation feature, allowing customers to easily contribute meals to those in need.
Walmart said it is also expanding its delivery services, reaching an additional 12 million households, which will provide enhanced speed and convenience for customers looking to shop from the comfort of their homes.
Earlier this week, Sam&#8217;s Club, the $86-billion warehouse club division of Walmart, introduced a fresh workforce compensation plan, which boosted pay for close to 100,000 frontline associates and provided guidance for <a href="https://www.benzinga.com/pressreleases/24/09/b40900897/sams-club-reimagines-workforce-compensation-launches-new-plan-focused-on-providing-more-predictabl" target="_blank" rel="noreferrer noopener">longer-term financial futures</a>.
WMT Price Action: WMT shares are trading lower by 1.35% to $77.96 at last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/09/40906505/walmart-division-sams-club-raises-wages-for-hourly-associates-a-strategic-move-to-stay-ahead-in-" target="_blank" rel="noreferrer noopener">Walmart Division Sam&#8217;s Club Raises Wages For Hourly Associates: A Strategic Move To Stay Ahead In Retail</a></li>
</ul>
Photo via Shutterstock.

Markets

FSTA

Walmart To Offer Pay-By-Bank Feature For Online Transactions, With Launch In 2025

Rosenblatt analyst Catharine Trebnick maintains CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) with a Buy and maintains $325 price target.

CRWD

Rosenblatt Maintains Buy on CrowdStrike Holdings, Maintains $325 Price Target

Flight refunds: Pete Buttigieg warns airline CEOs to comply with new law

Flight refunds: Pete Buttigieg urges airline CEOs to comply with new law

Copa Holdings: The Free Cash Flow Backs Up The Yield

The 1-Minute Market Report August 3, 2024

Airline fares track lower again as record travel demand may be slowly reversing

Air fares perked up in August, but were still lower than a year ago

This Or That: ETF Themes Edition

Today we're going to look at how crude oil, Texas tea, impacts that same inflation data. What's more, we'll look at my charts and see what we might expect if oil prices bounce from today's levels and return to previous resistance.

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U.S. Global Jets ETF

Overview

U.S. Global Jets ETF (ARCA:JETS), Quote.Headers.trade-ideas