LanzaTech Global (NASDAQ:LNZAW) Stock, Quote.Headers.trade-ideas

LanzaTech Global Inc is a nature-based carbon refining company that transforms waste carbon into the chemical building blocks for consumer goods such as sustainable fuels, fabrics, and packaging that people use in their daily lives. The company's goal is to reduce the need for virgin fossil fuels by challenging and striving to change the way the world uses carbon.

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Comcast shares are trading lower after the company said it expects broadband subscriber losses to be slightly above 100,000 in the fourth quarter.

Citigroup analyst Andrew Kaplowitz maintains GE Vernova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) with a Neutral and raises the price target from $292 to $361.

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Citigroup Maintains Neutral on GE Vernova, Raises Price Target to $361

Citigroup analyst Andrew Kaplowitz maintains Gates Industrial Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTES#NYSE">GTES</a>) with a Buy and raises the price target from $24 to $27.

GTES

Citigroup Maintains Buy on Gates Industrial Corp, Raises Price Target to $27

For much of this year, global fintech activity has remained strong, largely driven by increased consumer demand and small enterprises side-stepping high-street banking systems amid a high interest rate environment.&nbsp;
Despite the positive turnaround in operational activity, new investment deals continue to decline. In Q3, global fintech <a href="https://www.cbinsights.com/research/report/fintech-trends-q3-2024/">funding declined to $7.3 billion</a>, a 25% quarter-over-quarter decline.&nbsp;
However, new insights reveal that the U.S. currently leads in the global fintech market, representing 60%, or six of the top ten deals made during the third quarter. All top three positions were held by American fintech names, including a $1.0 billion funding deal for Sedgwick, an Ohio-based employee compensation managed care organization (MCO).&nbsp;
Across the board, the fintech funding landscape remains volatile, with investors retreating from big-dollar deals. Higher market uncertainty, geopolitical tension, and an overactive interest rate environment have seen many investors shifting gears, looking at established fintech firms to provide near-term buoyancy.&nbsp;
Investors remain hawkish about the financial and banking services sector. However, new digital developments, coupled with rising consumer demand, could present a more attractive opportunity for investors&#8217; long-term strategy. Though new deal activity remains muted, a handful of companies managed to outshine expectations following stronger third-quarter financial results.
<h2 class="wp-block-heading">Fidelity National Information Services</h2>
FIS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>) is an operator of one of the largest financial technology service providers worldwide and serves banks, capital markets, and various financial institutions. Annually, FIS processes more than $10 trillion in global transactions with a strong focus on banking and market technology.&nbsp;
<a href="https://www.investor.fisglobal.com/news-releases/news-release-details/fis-reports-strong-third-quarter-2024-results-and-raises-full">Third-quarter financial results</a> showed impressive gains across the board, with FIS reporting $2.6 billion in revenue, up 3% on a GAAP basis and 4% on an adjusted basis. Stronger Adjusted Earnings Per Share (EPS) of $1.40 rose by 49% compared to the same period last year, allowing management to raise its adjusted full-year outlook and adjusted EPS full-year outlook.&nbsp;
Recent quarterly earnings represent the first full quarter since FIS completed the sale of a 55% stake in Worldplay to global private equity firm GTCR. The "Worldplay" sale was announced in January 2024, and by July, FIS completed the $11.7 billion sale, retaining a 45% non-controlling minority stake in Worldplay.&nbsp;
Based on third-quarter results, banking solutions remain FIS' biggest, and perhaps most lucrative business segment. In recent reporting, banking solutions revenue rose 3% on an adjusted basis, totaling $1.8 billion compared to the same quarter last year.&nbsp;
Improvement of adjusted EBITDA margin added to the company's cost-saving initiatives, allowing for better operating leverage. Strong business signings during the third quarter can help lift upcoming financial results and leave an opportunity for improved delivery during the first half of next year.&nbsp;
On the stock market, a robust share performance sees year-to-date delivery up more than 40%, and adding 2.25% since the start of the fourth quarter through November 28. With a <a href="https://www.zacks.com/stock/research/FIS/stock-style-scores">Value Score of B</a> and a Momentum Score of A, FIS delivers an impressive range of opportunities in a highly competitive market. 
<h2 class="wp-block-heading">Nu Holdings</h2>
Globally, Nu Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>) services more than 109.7 million customers, adding over 5 million new customers during the third quarter of the year. The Brazil-based company operates a vast network of financial services, with a presence now in Mexico and Colombia, and is one of the largest credit operators in Brazil.&nbsp;
The third quarter represented one of the company's most outstanding performance periods, with <a href="https://api.mziq.com/mzfilemanager/v2/d/59a081d2-0d63-4bb5-b786-4c07ae26bc74/0597c6a3-fd57-859d-e889-879906cb094e?origin=1">year-over-year revenue up by 56%</a>, setting a new record at $2.6 billion. Total gross profit ended at $1.34 billion, marking an improvement of 76% year-over-year. Increased financial delivery comes on the back of stronger gross margins of 46%, up 3 percent from 43% in Q3 2023.
Customer acquisition played an important role during the third quarter. In Brazil, Nu Holdings added a robust 1.1 million customers each month through the three months ending September 30. The total customer base in Brazil now stands at 98.8 million, with expansion in international markets adding 1.2 million new customers during the quarter.&nbsp;
Better-than-expected customer performance in international markets was primarily driven by the delivery of new financial products. For instance, in January this year, Nu Holdings <a href="https://international.nubank.com.br/company/11724/">announced</a> the launch of Cuenta, a financial product aimed at Colombian-based clients.&nbsp;
Cuenta, a savings account that provides customers with unlimited transfers free of charge, forms part of the company's strategic roadmap to capture a larger market share in the country. By the start of this year, Nu Holding had held roughly a 5% share of the Colombian financial services market, serving over 800,000 credit card customers.&nbsp;
Share performance experienced major volatility during its initial public offering in December 2021. However, in more recent months, NU delivered impressive market gains, with share prices up approximately 66% since the turn of the year. Share prices peaked at $15.89 on November 11, before sliding back down.
The recent announcement of Warren Buffett's Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) lowering its stake in the company has caused share prices to fall. Berkshire has <a href="https://finance.yahoo.com/news/warren-buffett-sold-nu-stock-150000831.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAACC867f-OVfVgboxo2TwyL2s15t5gQrxcNXJU_9gh-RHaKoZvXdks-E_8WvF74dGK1zm0anrTALtsNyl0RY9vFX43togm_Pt3-ZjhFENAW90qdj10jg8HWZdu29RNyAwVPEqacZw79soZ60yeBrzpYeuLhxrxC3e4D-UFeHTGxF0">reduced its share</a> of Nu by 20% in recent months. The investment firm now owns a total of 86.4 million Nu shares, down from the 107.1 million shares owned since the company's IPO.&nbsp;
But this move shouldn't be an indication that Berkshire and other major players are dumping Nu for something more prestigious. There's still plenty of legroom for Nu Holdings, and with new regional market opportunities opening, Nu could soon dominate the financial services sector in Latin America.
<h2 class="wp-block-heading">Rocket Companies</h2>
Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) provides mortgage, real estate, and financial services to large commercial and private individual customers. The Detroit-based fintech company leverages key market data, innovative technology, and financial best practices to maintain a highly competitive advantage.&nbsp;&nbsp;
Loan and mortgage activity remained largely volatile throughout the third quarter. In September, the U.S. The Federal Reserve announced the reduction of interest rates, calling a jumbo-sized rate cut of 0.50%, and bringing rates down to a range of 4.75% to 5%. This was the first rate reduction since March 2020.&nbsp;
In November, the Federal Open Market Committee (FOMC) announced that the central bank would be cutting interest rates, again, bringing the benchmark policy rate down by a quarter of a percentage point to the 4.50%-4.75% range.&nbsp;
Moving forward, the central bank is looking to deliver a more <a href="https://www.bloomberg.com/news/articles/2024-11-26/fed-minutes-show-officials-prefer-future-rate-cuts-to-be-gradual">gradual rate-cut approach</a> heading into 2025. This activity has created plenty of volatility within the lending and mortgage space, and despite interest rates coming down, mortgages remain elevated on the back of sticky housing inflation and rising property prices.&nbsp;
However, Rocket Companies delivered strong <a href="https://ir.rocketcompanies.com/news-and-events/press-releases/press-release-details/2024/Rocket-Companies-Announces-Third-Quarter-2024-Results/default.aspx">third-quarter results</a>, including an adjusted revenue improvement of 32% year over year. Total revenue for the quarter ended at $648 million, with adjusted revenue ending at $1.32 billion. Delivery remains within the company&#8217;s high-end performance range expectations.&nbsp;
Elsewhere, the company reported adjusted EBITDA of $286 million, the highest on record in over two years. Additionally, there were modest improvements, with an adjusted net income of $166 million, or $0.08 adjusted diluted earnings per share during the third quarter.&nbsp;
The company's lending business arm, Rocket Mortgage, received a Fitch Ratings upgrade to BBB in November. This significant achievement marks the first time a non-bank mortgage provider achieved an investment-grade rating in more than two decades. Rocket Companies called this an achievement that underscores Rocket Mortgage's financial strength, stability, and disciplined capital management.&nbsp;
Share performance has largely remained unchanged this year, with RKT coming down over 30% since its peak in August. The forward-looking guidance shows that an improved housing market, coupled with increased consumer confidence could help bolster share performance in the first half of next year.&nbsp;
<h2 class="wp-block-heading">Closing Remarks</h2>
This has been another challenging year for the fintech market. Increased economic volatility, coupled with uncertainty in key regional capital markets have seen commercial investors pull back, and instead refocus their forward-looking strategies.&nbsp;
For institutional investors, fintech companies could present an upside leading into 2025, with major players in this industry seeking to expand operational activity and look at capturing a larger consumer base.&nbsp;
An improved interest rate environment, coupled with more positive economic growth could help bring fintech back into its former spotlight and help regain robust performance capabilities amid uncertain times.&nbsp;
Disclosure: No positions in any companies mentioned.

Fintech news covering the emerging Financial Technology services sector

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Three Fintech Winners That Rocked In Q3

Citigroup analyst Andrew Kaplowitz maintains Flowserve (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLS#NYSE">FLS</a>) with a Buy and raises the price target from $65 to $73.

Citigroup Maintains Buy on Flowserve, Raises Price Target to $73

Citigroup analyst Andrew Kaplowitz maintains Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) with a Buy and raises the price target from $394 to $440.

Citigroup Maintains Buy on Eaton Corp, Raises Price Target to $440

A year has passed since Rockstar Games released the first trailer for Grand Theft Auto 6, and fans are still waiting for <a href="https://www.benzinga.com/general/gaming">more news. </a>
With no updates from Rockstar, some have taken matters into their own hands, using the trailer as a blueprint to recreate parts of the game themselves.
<h1 class="wp-block-heading">YouTuber Builds GTA 6 Scenes In GTA 5</h1>
One example comes from YouTuber Dark Space, who <a href="https://www.benzinga.com/general/entertainment/24/04/38210300/video-check-out-the-epic-recreation-of-gta-6-trailer-in-real-life">recreated scenes from the GTA 6 trailer</a> using the GTA 5 engine and custom assets, as <a href="https://www.eurogamer.net/tired-of-waiting-for-gta-6-news-fans-begin-making-the-games-map-themselves">spotted</a> by Eurogamer.
See Also: <a href="https://www.benzinga.com/general/gaming/24/12/42270630/gta-6-fans-analyze-playlists-and-combat-ai-chaos-one-year-after-first-trailer">GTA 6 Fans Analyze Playlists And Combat AI Chaos, One Year After First Trailer</a>
Their video includes a reimagined version of Vice Beach streets and the downtown Stockyard area. At first glance, the visuals could almost pass as official Rockstar footage.
Dark Space also created a version of a rumored cutscene where players use a truck to rip a safe out of a pawn shop with a chain. "It'll be interesting to see how close to the final game all of this looks — whenever the time comes," they commented.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="I made GTA 6 Before GTA 6" width="500" height="281" src="https://www.youtube.com/embed/8FyfT3zs3mQ?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
In another section of the video, Dark Space compares the potential map size of GTA 6 to GTA 5. By flying a plane over both maps at the same speed, they estimate that GTA 6 will have a much larger map, though exact details remain unknown.
According to Rockstar's publisher, Take-Two Interactive Software Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), GTA 6 <a href="https://www.benzinga.com/news/earnings/24/11/41818430/take-two-earnings-show-gta-6-on-track-for-2025-ceo-vows-no-huge-release-overlap">is set to launch in late 2025</a>. It will be part of a packed year for the company, which also plans to release Borderlands 4 and Mafia: The Old Country by March 2026.
Read Next: • <a href="https://www.benzinga.com/general/gaming/24/12/42372040/ubisoft-stock-jumps-14-after-reports-of-tencent-buyout">Ubisoft Stock Jumps 14% After Reports Of Tencent Buyout</a>
Photo: Shutterstock.

Gaming

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TTWO

Still No GTA 6 News? Fans Take Matters Into Their Own Hands

Teledyne Technologies's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) short percent of float has risen 31.82% since its last report. The company recently reported that it has 412 thousand shares sold short, which is 1.16% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.65 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>Teledyne Technologies Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733772622_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Teledyne Technologies has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Teledyne Technologies'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>, Teledyne Technologies's peer group average for short interest as a percentage of float is 6.63%, 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.

Short Sellers

Short Ideas

Peering Into Teledyne Technologies's Recent Short Interest

The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) stock is moving higher on Monday following a report suggesting that Mondelez International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>), owner of brands like Oreo and Ritz, is exploring a potential acquisition of the company.
The Details: A successful acquisition could result in the formation of a food conglomerate with a combined revenue of around $50 billion, according to<a href="https://www.bloomberg.com/news/articles/2024-12-09/mondelez-said-to-explore-takeover-of-us-chocolate-maker-hershey?embedded-checkout=true"> Bloomberg</a>, citing sources familiar with the matter.
Mondelez has initiated an initial inquiry regarding a potential merger. Mondelez and Hershey have engaged in merger discussions before. In 2016, discussions fell apart after Hershey rejected a $23 billion bid.
Any potential deal would need approval from Hershey Trust Co., which holds nearly all of the Class B stock in Hershey, granting it around 80% of the company&#8217;s voting power. Also, there is no guarantee that the two companies will come to an agreement.
Why It Matters: The food industry is facing challenges like slower growth and changing consumer preferences, as shoppers become more mindful of both costs and health. This shift has prompted companies to seek new ways to expand, possibly leading to more mergers and acquisitions to stay competitive.
In addition, a successful merger could create a stronger player in the food industry. This might allow the combined company to have more influence over competitors and market trends.
Related Link: <a href="https://www.benzinga.com/insights/options/24/12/42395482/unpacking-the-latest-options-trading-trends-in-lam-research">Unpacking the Latest Options Trading Trends in Lam Research</a>
HSY Price Action: At the time of writing, Hershey stock is trading 14.2% higher at $199.52, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo via Pixabay

Movers

MDLZ

What's Going On With Hershey Stock Monday?

Simpson Manufacturing Co's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSD#NYSE">SSD</a>) short percent of float has fallen 15.38% since its last report. The company recently reported that it has 857 thousand shares sold short, which is 3.08% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.58 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>Simpson Manufacturing Co Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733772616_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Simpson Manufacturing Co 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 Simpson Manufacturing Co'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>, Simpson Manufacturing Co's peer group average for short interest as a percentage of float is 3.52%, 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.

How Is The Market Feeling About Simpson Manufacturing Co?

IDEXX Laboratories's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDXX#NYSE">IDXX</a>) short percent of float has fallen 21.91% since its last report. The company recently reported that it has 1.62 million shares sold short, which is 2.53% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.17 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>IDEXX Laboratories Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733772611_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for IDEXX Laboratories 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 IDEXX Laboratories'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>, IDEXX Laboratories's peer group average for short interest as a percentage of float is 3.98%, 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.

IDXX

(IDXX) - Analyzing IDEXX Laboratories's Short Interest

Citigroup analyst Andrew Kaplowitz maintains Dover (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) with a Buy and raises the price target from $226 to $236.

Citigroup Maintains Buy on Dover, Raises Price Target to $236

Needham &amp; Company has raised Coinbase&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) price target to $420 from $375, citing record-breaking December trading volumes and <a href="https://www.benzinga.com/money/best-altcoins">heightened altcoin activity</a>.
What Happened: "Elevated volatility and a retail-driven surge have made December a landmark month for the platform," Needham analysts noted, <a href="https://www.theblock.co/post/330021/needham-raises-coinbase-stocks-price-target-to-420-a-share-amid-altcoin-trading-spike?utm_source=rss&amp;utm_medium=rss">according</a> to The Block.
Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) surge past $100,000 and increased altcoin trading have fueled this momentum.
The firm&#8217;s Q4 projections include $435 billion in trading volume and $2.1 billion in revenue. 
For 2025, Coinbase is forecast to generate $8.9 billion in revenue, with earnings per share of $9.61.
Despite these achievements, Coinbase&#8217;s stock dipped 8% on Monday, trading at $316.01 as of 12:28 p.m. ET, reflecting broader market trends. 
However, Needham analysts remain optimistic, maintaining a &#8220;buy&#8221; rating on the stock.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42394913/bitcoin-saw-historic-rally-in-november-thanks-to-trump-win-says-jpmorgan">Bitcoin Saw &#8216;Historic Rally&#8217; In November Thanks To Trump Win, Says JPMorgan</a>
Why It Matters: The announcement comes as Coinbase CEO Brian Armstrong called for reforms to what he described as a &#8220;glaring failure&#8221; in global Anti-Money Laundering (AML) regulations.
In a post on X (formerly Twitter) on Sunday, Armstrong highlighted the inefficiency of current AML policies, which cost $213 billion annually while intercepting only 0.2% of illicit activity, <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42266678/coinbase-ceo-brian-armstrong-failed-anti-money-laundering-regulations-sounds-like-a-job-for-doge">according to UN data</a>.
"Anti-Money Laundering regulations have been a policy failure,&#8221; Armstrong wrote. 
Referring to the Trump administration&#8217;s newly established Department of Government Efficiency (D.O.G.E.), he added, &#8220;Sounds like a job for @DOGE.&#8221;
Armstrong's comments echo concerns that AML regulations disproportionately harm legitimate consumers and small businesses. 
Critics argue that financial institutions, burdened by stringent compliance requirements, often engage in de-banking practices—closing accounts or denying services to individuals and businesses deemed risky.
John Arnold, co-chair of Arnold Ventures, has also criticized the current AML framework, arguing it shifts enforcement burdens onto private financial firms. 
This, he said, incentivizes banks to prioritize risk avoidance, often at the expense of lawful account holders.
Amid this backdrop, Coinbase has seen robust activity in the crypto market, with December trading volumes on track to set new records. 
Armstrong's reference to D.O.G.E. has resonated with the crypto community, as the agency's acronym coincides with Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), the meme-inspired cryptocurrency. 
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42393396/record-week-bitcoin-etfs-net-25-billion-in-inflows-ethereum-etfs-took-in-12-billion">Record Week: Bitcoin ETFs Net $2.5 Billion In Inflows, Ethereum ETFs Took In $1.2 Billion</a></li>
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Image: Shutterstock

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Coinbase Seeing 'Landmark Month' In December, Notes Optimistic Analyst Report

Citigroup analyst Andrew Kaplowitz maintains APi Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APG#NYSE">APG</a>) with a Buy and raises the price target from $42 to $45.

Citigroup Maintains Buy on APi Gr, Raises Price Target to $45

Citigroup analyst Andrew Kaplowitz maintains A.O. Smith (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AOS#NYSE">AOS</a>) with a Neutral and lowers the price target from $85 to $78.

Citigroup Maintains Neutral on A.O. Smith, Lowers Price Target to $78

Citigroup analyst Kyle Menges maintains United Rentals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>) with a Buy and raises the price target from $955 to $985.

Citigroup Maintains Buy on United Rentals, Raises Price Target to $985

Citigroup analyst Kyle Menges maintains PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) with a Neutral and raises the price target from $120 to $125.

PCAR

Citigroup Maintains Neutral on PACCAR, Raises Price Target to $125

Citigroup analyst Kyle Menges maintains Deere (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) with a Neutral and raises the price target from $460 to $470.

Citigroup Maintains Neutral on Deere, Raises Price Target to $470

Citigroup analyst Kyle Menges maintains Cummins (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>) with a Buy and raises the price target from $415 to $435.

Citigroup Maintains Buy on Cummins, Raises Price Target to $435

Citigroup analyst Kyle Menges maintains CNH Industrial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNH#NYSE">CNH</a>) with a Buy and raises the price target from $13 to $14.

Citigroup Maintains Buy on CNH Industrial, Raises Price Target to $14

LanzaTech: Growing Into The Valuation

LanzaTech Global, Inc. 2023 Q4 - Results - Earnings Call Presentation

LanzaTech Global, Inc. (LNZA) Q4 2023 Earnings Call Transcript

LanzaTech Global, Inc. (LNZA) Q1 2024 Earnings Call Transcript

LanzaTech Global, Inc. (LNZA) Q2 2024 Earnings Call Transcript

LanzaTech awarded $3M contract for U.S. Department of Energy

LanzaTech Global, Inc. (LNZA) Q3 2024 Earnings Call Transcript

LNZA

LNZAW

Press Releases

LanzaTech to Participate in Upcoming Investor Events

LanzaTech Signs Master License Agreement with SEKISUI to Develop Multiple Commercial Scale Waste-to-Ethanol Plants Across Japan

LanzaTech and Woodside Energy to Participate in Bank of America Hosted Webinar on September 27, 2024

LanzaTech Expands Biorefining Platform Capabilities to Include Production of Commercial-scale Nutritional Protein Directly From CO2

LanzaTech Announces Date for Third-Quarter 2024 Earnings Release and Conference Call

LanzaTech Awarded $3 Million from U.S. Department of Energy to Advance Conversion of Waste CO2 into Valuable Chemicals

LanzaTech and Eramet announce plans for first-of-a-kind integrated Carbon Capture, Utilization and Storage (CCUS) project in Norway

Earnings

LanzaTech Reports Third-Quarter 2024 Financial Results, Updates 2024 Outlook, and Expands Business Model to Accelerate Revenue Growth

Management

LanzaTech Appoints TechnipFMC's Former Executive Chairman Thierry Pilenko to Board of Directors

ABM Indus

Ambipar Emergency Response Class A Ordinary Shares

Ambipar Emergency

Aris Water Solutions, Inc. Class A Common Stock

Aris Water Solutions

Mobile Infrastructure Corporation Common Stock

Mobile Infrastructure

BrightView Hldgs

CDT Environmental Technology Investment Holdings Limited - ordinary shares

CDT Environmental

CECO Environmental

Clean Harbors

Casella Waste Systems, Inc. - Class A Common Stock

Casella Waste Sys

ESGL Holdings Limited - Class A Ordinary Shares

ESGL Holdings

Fuel Tech

Li-Cycle Holdings

LanzaTech Global

Montrose Environmental Group, Inc. Common Stock

Montrose Environmental Gr

Enviri

Perma-Fix Environmental Services, Inc. - Common Stock

Perma-Fix Envirn Servs

Primech Holdings

Quest Resource Holding Corporation - Common Stock

Quest Resource Holding

Rollins

Republic Servs

Rentokil Initial plc American Depositary Shares (each representing five (5) Ordinary Shares)

Comments

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LanzaTech Global (LNZAW) Forecast

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