CaliPharms Stock (OTC:KGET), Trade Ideas

CaliPharms Inc is a United States-based company focused on the medical marijuana-cannabis industry. The company is engaged in developing effective CBD beverage.

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CaliPharms Inc

Needham analyst Mike Matson maintains Conmed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNMD#NYSE">CNMD</a>) with a Buy and lowers the price target from $129 to $107.

Price Target

Analyst Ratings

CNMD

Needham Maintains Buy on Conmed, Lowers Price Target to $107

TD Cowen analyst Andrew Charles maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Buy and raises the price target from $3400 to $3500.

TD Cowen Maintains Buy on Chipotle Mexican Grill, Raises Price Target to $3500

Chinese smartphone maker&nbsp;Xiaomi&nbsp;Corporation&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>) has reportedly secured 75,723 orders for its SU7 electric sedan as of April 24, aiming to deliver over 10,000 units in June.
The delivery&nbsp;target,&nbsp;revealed during an event at the Beijing auto show, sets a record for an electric vehicle (EV) startup, reported Reuters.
The locked-in orders, representing those with non-refundable deposits, have accumulated within a month of the SU7&#8217;s late March launch, the report added.
Xiaomi eyes over 100,000 SU7 deliveries in 2024, with a commitment to keep its automotive business exclusively focused on the Chinese market for the next three years.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/24/04/38049010/xiaomis-entry-to-an-already-crowded-ev-market-could-make-things-even-worse-for-tesla" rel="noreferrer noopener">Xiaomi&#8217;s Entry To An Already Crowded EV Market Could Make Things Even Worse For Tesla</a>
The report further noted the company expedited deliveries of the standard and Max versions of the SU7 to April 18, 12 days ahead of schedule. Plans for Pro model deliveries&nbsp;are set&nbsp;for late May.
The SU7&#8217;s debut, borrowing design elements from Porsche, ignites a price competition in China&#8217;s EV market, undercutting&nbsp;Tesla Inc&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Model 3 pricing.
Why It Matters: Xiaomi, established in 2010, has built a reputation for high-quality, reasonably priced smartphones. With the SU7, the company aims to replicate this success in the EV industry.
The entire&nbsp;range of&nbsp;the&nbsp;vehicle&nbsp;is expected&nbsp;to&nbsp;be priced&nbsp;between&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/asia/24/01/36838267/latest-tesla-china-rival-xiaomis-first-ev-may-not-be-so-cheap-as-expected" rel="noreferrer noopener">RMB 250,000 ($35,230) and RMB 370,000</a>.
Price Action: XIACY shares closed higher by 2.02% at $10.60&nbsp;on Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Equities

Media

TSLA

XIACY

Tesla's Latest China Rival Xiaomi Registers Record Bookings For Its EV: Report

Xpeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) Vice Chairman and Co-President Brian Gu expressed his skepticism about the immediate future of <a href="https://www.benzinga.com/news/24/04/38376273/maybe-elon-musk-hints-driverless-teslas-may-debut-in-this-us-state-but-bugs-will-take-few-months-to">self-driving taxis</a> as a lucrative business.
What Happened: Gu, speaking at the Beijing auto show, said that the commercial viability of robotaxis is at least five years away, <a href="https://www.cnbc.com/2024/04/25/xpengs-gu-says-robotaxis-wont-be-a-real-business-for-at-least-five-years.html">reported</a> CNBC on Thursday. This timeline is notably longer than what Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk has suggested. Tesla is actively developing AI software for a robotaxi network.
&#8220;Right now it&#8217;s not something that we are considering when we are launching and planning the sales,&#8221; said Gu. Xpeng, a China-based electric car startup, has made driver-assist software a key selling point.
&#8220;To have a real, full-fledged commercial operation. I think it's more than 5 years away.&#8221;
Despite this, Gu acknowledged the interest in showcasing technology and achieving milestones in China, where companies like Baidu Inc. and Pony.ai have been authorized to charge for fully driverless taxis in certain areas.
See Also: <a href="https://www.benzinga.com/markets/equities/24/04/38395098/tesla-unveils-timeline-for-electric-semi-truck-production-first-units-to-external-customers-by-2?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Unveils Timeline For Scaling Up Electric Semi-Truck Production, First Units From New Factory To &#8216;Ex</a>
Why It Matters: Musk has been a vocal advocate for the potential of robotaxis, despite challenges such as recent <a href="https://www.benzinga.com/news/24/04/38373389/tesla-ceo-elon-musk-takes-swipe-at-waymo-says-cybertruck-might-be-needed-for-robotaxis-in-san-franci">vandalism incidents</a> and regulatory hurdles. He has even suggested that the <a href="https://www.benzinga.com/news/24/04/38396288/teslas-robotaxi-to-be-called-cybercab-elon-musk-says-self-driving-fleet-will-be-like-combination-of">Tesla Cybertruck</a> might be necessary for robotaxis in San Francisco.
Analysts have also been weighing in on Tesla&#8217;s next-generation vehicle future, with some seeing the company as a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38411281/8-tesla-analysts-size-up-next-gen-vehicles-fsd-ai-and-more-potential-to-be-a-transf">transformational technology company</a> that could deliver outsized returns.
Goldman Sachs analysts have recognized Tesla as a leader in the autonomy and Advanced Driver-Assistance Systems (ADAS) landscape, projecting <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38314733/teslas-autonomous-driving-efforts-win-praise-from-goldman-sachs-wall-street-firm-pr">significant long-term growth</a> from its robotaxi services.
Read Next: <a href="https://www.benzinga.com/news/24/04/38285714/no-more-inventory-discounts-on-tesla-cars-as-ceo-elon-musk-says-sales-system-has-turned-complex-and?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">No More Inventory Discounts On Tesla Cars As CEO Elon Musk Says Sales System Has Turned &#8216;Complex And Inefficient&#8217;</a>
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Tech

XPEV

Tesla Is betting Big On Robotaxi, But This Rival Thinks Elon Musk's Vision Could Be 'More Than 5 Years Away'

Needham analyst Mike Cikos reiterates MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) with a Buy and maintains $465 price target.

Reiteration

Needham Reiterates Buy on MongoDB, Maintains $465 Price Target

<ul>
<li>Leverage ratio of 4.5%, in line with previous quarter</li>
<li>Provision for credit losses of &euro; 439 million, down 10% from &euro; 488 million in fourth quarter of 2023; full-year guidance reaffirmed at higher end of range of 25-30 basis points of average loans</li>
</ul>

Earnings

Deutsche Bank Reports Q1 Common Equity Tier 1 Capital Ratio Of 13.4% After Deductions For Shareholder Distributions And Business-driven Growth In Risk Weighted Assets

Deutsche Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DB#NYSE">DB</a>) reported quarterly earnings of €0.69 per share which beat the analyst consensus estimate of €0.62 by 11.29 percent. This is a 13.11 percent increase over earnings of €0.61 per share from the same period last year. The company reported quarterly sales of €7.779 billion which beat the analyst consensus estimate of €7.711 billion by 0.89 percent. This is a 1.29 percent increase over sales of €7.680 billion the same period last year.

Earnings Beats

Deutsche Bank Q1 2024 GAAP EPS €0.69 Beats €0.62 Estimate, Sales €7.779B Beat €7.711B Estimate