Wishpond Techs Stock (OTC:WPNDF), Trade Ideas

Wishpond Technologies Ltd is a provider of marketing-focused online business solutions providing digital marketing solutions that empower entrepreneurs to achieve success online. The company offers an all-in-one marketing suite that provides companies with marketing, promotion, lead generation, sales automation, ad management, referral marketing, and sales conversion capabilities from one integrated platform. It replaces entire marketing functions in an easy-to-use product, for a fraction of the cost. It serves over 3,700 customers who are mainly small-to-medium size businesses in a wide variety of industries. The company employs a Software-as-a-Service (SaaS) business model where substantially all its revenue is subscription-based recurring revenue.

WISHPOND TECHNOLOGIES LTD by Wishpond Technologies Ltd.

Wishpond Technologies Ltd

News

LIFW

Reported Earlier, LifeWallet Strikes Settlement With 10 Affiliated P&C Insurers, Expanding Claims Processing In 15 States

NGMS

Reported Earlier, NeoGames And Aristocrat Secure Final Regulatory Nods For Acquisition Deal

Banco Latinoamericano (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLX#NYSE">BLX</a>) reported quarterly earnings of $1.40 per share which beat the analyst consensus estimate of $1.14 by 22.81 percent. The company reported quarterly sales of $72.600 million which beat the analyst consensus estimate of $57.810 million by 25.58 percent. This is a 22.64 percent increase over sales of $59.200 million the same period last year.

Earnings

Earnings Beats

Banco Latinoamericano Q1 2024 GAAP EPS $1.40 Beats $1.14 Estimate, Sales $72.600M Beat $57.810M Estimate

ENTYVIO is Now Available in the U.S. in Both IV and Subcutaneous Administrations for Maintenance Treatment of Adults with Moderately to Severely Active Ulcerative Colitis or Crohn&#39;s Disease

Reported Earlier, Takeda Announces U.S. FDA Approval Of ENTYVIO Subcutaneous Administration For Maintenance Therapy In Moderately To Severely Active Crohn's Disease

As Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/markets/equities/24/04/38312639/tesla-stock-on-free-fall-ahead-of-crucial-q1-earnings-here-are-key-levels-to-watch" target="_blank" rel="noreferrer noopener">fell for a fifth straight session</a> on Thursday, breaching a significant psychological threshold, Cathie Wood&#8216;s Ark Investment Management ramped up its acquisition of the stock, while also bolstering its holdings in crypto-related exchange-traded funds.
Doubling Down On Tesla: Across its&nbsp;ARK Innovation ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>),&nbsp;ARK Autonomous Technology &amp; Robotics ETF&nbsp;(CBOE: ARKQ), and&nbsp;ARK Next Generation Internet ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>), Ark purchased 88,720 Tesla shares on Thursday, amounting to approximately $13.30 million based on Tesla&#8217;s closing price of $149.93.
Ark has been consistently accumulating Tesla shares for three consecutive sessions this week, accumulating a total of $26.89 million worth of shares.
This surge in buying activity comes amid Tesla facing downward pressure throughout the week, with analysts revising their estimates and price targets downward in anticipation of a disappointing earnings report next week. Concerns about the company&#8217;s recent announcement of significant&nbsp;layoffs,&nbsp;plans to seek shareholder approval for CEO&nbsp;Elon Musk&#8216;s compensation package, and uncertainties surrounding the potential deprioritization of the sub-$30,000 electric vehicle have all contributed to the stock&#8217;s weakness.
On Thursday, Tesla closed at its lowest level since January 25, 2023.
See Also:&nbsp;<a target="_blank" href="https://www.benzinga.com/money/best-etfs" rel="noreferrer noopener">Best ETFs To Buy Right Now</a>
Expanding Crypto Exposure: While Ark has been <a href="https://www.benzinga.com/markets/equities/24/04/38214834/cathie-woods-ark-invest-sells-20m-coinbase-shares-as-bitcoin-trades-over-70k-buys-palantir-sells" target="_blank" rel="noreferrer noopener">gradually reducing its exposure</a> to crypto-related stocks like Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), it refrained from trading these shares on Thursday. 
Instead, Ark augmented its positions in ETFs with crypto exposure.
<ul>
<li>ARKW bought 22,461 units of ARK 21Shares Active Ethereum Futures Strategy ETF (CBOE: ARKZ) valued at $823,645.</li>
<li>Ark&#8217;s ARK Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) 490,751 units of its recently launched spot Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) ETF, the ARK 21Shares Bitcoin ETF (CBOE: ARKB) valued at $31.19 million.</li>
<li>Ark&#8217;s ARKW added 42,800 Proshares Ether Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EETH#NYSE">EETH</a>) valued at $2.90 million.</li>
</ul>
ARKB, which commenced trading on Jan. 11, 2024, has appreciated by approximately 36%, riding on the coattails of Bitcoin&#8217;s rally, which has surged by about 34% since its inception.
On the other hand, ARKZ, an actively managed ETF launched by the Wood-led firm, aims for 100% exposure to&nbsp;Ethereum&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) by investing in ether futures contracts. The fund, boasting approximately $11 million in net assets, has yielded approximately 24% year-to-date.
Meanwhile, Bitcoin has strengthened amid escalating geopolitical tensions in the Middle East. At last check, the premier cryptocurrency climbed by 0.72% over the past 24 hours to reach $62,141.40, according to&nbsp;<a target="_blank" href="https://benzinga.grsm.io/lxquj26b2sag" rel="noreferrer noopener">Benzinga Pro data.</a>
ARKK fell 0.26% on Thursday before closing at $42.91.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37891092/5-technologies-that-could-be-worth-220-trillion-by-2030-cathie-woods-ark-predicts-t">5 Technologies That Could Be Worth $220 Trillion By 2030, Cathie Wood&#8217;s ARK Predicts: &#8216;The Time Is Now&#8217;</a>

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

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Long Ideas

Specialty ETFs

Markets

Trading Ideas

ETFs

$BTC

$ETH

ARK 21Shares Bitcoin ETF ARK 21Shares Bitcoin ETF

ARKB

ARKF

ARKK

ARKQ

ARKW

ARKZ

COIN

EETH

HOOD

TSLA

Cathie Wood Sees Value In Tesla Wreckage As Ark Buys $13M Worth Of EV Giant's Stock, Loads Up On Bitcoin And Ethereum ETFs

Changpeng Zhao, the former CEO of Binance, recently clarified that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/money/what-is-bitcoin-halving">halving</a> is not akin to a stock split, emphasizing the nascent stage of cryptocurrency understanding.
What Happened: On Friday, Changpeng Zhao took to X, formerly Twitter, to address a question about Bitcoin halving. He stated, &#8220;Someone asked me if bitcoin halving is like a stock split&#8230; We are still early. (Answer is no) Happy halving!&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Someone asked me if bitcoin halving is like a stock split&#8230; We are still early. (Answer is no) Happy halving! <a href="https://t.co/gxAvfOpGQH">pic.twitter.com/gxAvfOpGQH</a>
&mdash; CZ &#x1f536; BNB (@cz_binance) <a href="https://twitter.com/cz_binance/status/1781180083425988959?ref_src=twsrc%5Etfw">April 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Zhao, shared his earlier thoughts on halving dated Oct. 9, 2023. The Binance founder reflected on Bitcoin halvings based on his past experiences with the event. 
He said that in the months leading up to the halving, there was typically increased discussion, news coverage, anxiety, and anticipation surrounding Bitcoin.
However, immediately after the halving, the price of Bitcoin didn&#8217;t skyrocket overnight. Despite this, in the year following the halving, Bitcoin&#8217;s price often reached multiple all-time highs, prompting people to wonder about the reasons behind it. Zhao emphasized that while there may not be proven causation between halvings and price movements, history doesn&#8217;t necessarily predict the future.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38284502/dogecoin-killer-shiba-inu-sees-significant-increase-in-token-burn-rate-as-price-recovers-i?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Dogecoin Killer&#8217; Shiba Inu Sees Significant Increase In Token Burn Rate, As Price Recovers — Is A Turnar</a>
Why It Matters: Bitcoin halving is a pre-programmed mechanism that fundamentally impacts the economics of mining and potentially shapes the future price and ecosystem of Bitcoin. The upcoming halving event, the fourth of its kind, is scheduled for around April 20, 2024. This event will slash Bitcoin miner rewards from 6.25 BTC to 3.125 BTC.
Contrary to a stock split, which increases the number of shares of a company without changing its market capitalization, Bitcoin halving reduces the rate at which new tokens are created, effectively limiting the cryptocurrency&#8217;s supply. This fundamental difference underlines Zhao&#8217;s clarification and the importance of understanding the unique dynamics of cryptocurrency.
Price Action: At the time of writing, Bitcoin traded 1.2% higher at $61,961.16, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data. </a>
Photo Courtesy: Wikimedia Commons
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38299089/trump-related-maga-memecoin-onboards-roger-stone-as-partner?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump-Related MAGA Memecoin Onboards Roger Stone As Partner</a>
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Is Bitcoin Halving Like A Stock Split? Binance Founder Changpeng Zhao Says 'No' — Offers Insights On Post-Event Dynamics

With U.S. stock futures trading lower this morning on Friday, some of the stocks that may grab investor focus today are as follows:
Wall Street expects The Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) to report quarterly earnings at $1.41 per share on revenue of $20.41 billion before the opening bell, according to data from Benzinga Pro. Procter &amp; Gamble shares fell 0.1% to $157.14 in after-hours trading.
Intuitive Surgical Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) reported better-than-expected results for its first quarter on Thursday. Intuitive Surgical shares gained 3.5% to $385.60 in the after-hours trading session.
Analysts are expecting American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) to post quarterly earnings at $2.95 per share on revenue of $15.79 billion. The company will release earnings before the markets open. American Express shares fell 1.7% to $213.90 in after-hours trading.
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) reported upbeat earnings and sales results for its first quarter. The company added 9.33 million paid net new subscribers in the first quarter to bring the company to a total of 269.60 million. Netflix shares fell 4.8% to $581.49 in the after-hours trading session.
Analysts expect Schlumberger Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) to post quarterly earnings at 75 cents per share on revenue of $8.69 billion before the opening bell. SLB shares fell 0.5% to $50.69 in after-hours trading.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38285336/how-to-earn-500-a-month-from-intel-stock-ahead-of-q1-earnings">How To Earn $500 A Month From Intel Stock Ahead Of Q1 Earnings</a>

Pre-Market Outlook

ISRG

NFLX

Netflix, Procter & Gamble And 3 Stocks To Watch Heading Into Friday

The CNN Money Fear and Greed index showed a slight decline in the overall market sentiment, while the index remained in the &#8220;Fear&#8221; zone on Thursday.
U.S. stocks closed mixed on Thursday, with the S&amp;P 500 falling for a fifth straight session. All major indices are also on course to record losses this week, with the S&amp;P 500 falling more than 2% so far during the week.
On the economic data front, U.S. initial jobless claims came in unchanged from the previous week at 212,000 for the week ending April 18, down from market expectations of 215,000. The Philadelphia Fed Manufacturing Index increased 12 points to a reading of 15.5 in April, topping market estimates of 1.5.
D.R. Horton, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) reported better-than-expected second-quarter financial results. After the closing bell, Netflix Inc  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) reported upbeat earnings and sales results for its first quarter.
Most sectors on the S&amp;P 500 closed on a positive note, with communication services, utilities and consumer staples stocks recording the biggest gains on Thursday. However, information technology and consumer discretionary stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 22 points to 37,775.38 on Thursday. The S&amp;P 500 fell 0.22% at 5,011.12, while the Nasdaq Composite dipped 0.52% at 15,601.50 during Thursday's session.
Investors are awaiting earnings results from The Procter &amp; Gamble (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>), American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) and Schlumberger Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) today.
At a current reading of 34.1, the index remained in the &#8220;Fear&#8221; zone on Thursday, versus a prior reading of 34.3.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read More: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38312296/jim-cramer-recommends-buying-ethereum-or-bitcoin-instead-of-this-stock-lets-not-fool-aro">Jim Cramer Recommends Buying Ethereum Or Bitcoin Instead Of This Stock: &#8216;Let&#8217;s Not Fool Around&#8217;</a>

Investor Optimism Edges Lower; S&P 500 Settles Lower For Fifth Session

American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) is expected to release earnings results for its first quarter, before the <a href="https://www.benzinga.com/quote/AXP/earnings">opening bell on April 19, 2024</a>.
Analysts expect the New York-based company to report quarterly earnings at $2.95 per share, up from $2.19 per share in the year-ago quarter. American Express is projected to report quarterly revenue of $15.79 billion, compared to $13.05 billion in the year-earlier period, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
CLEAR recently extended its partnership with American Express to deliver premium value to members and enhance airport experience.
American Express shares fell 0.1% to close at $217.50 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/AXP/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>HSBC analyst Saul Martinez maintained a Buy rating and boosted the price target from $232 to $239 on April 11, 2024. This analyst has an accuracy rate of 65%.</li>
<li>Wells Fargo analyst Donald Fandetti maintained an Overweight rating and increased the price target from $220 to $250 on April 10, 2024. This analyst has an accuracy rate of 71%.</li>
<li>UBS analyst Eric Wasserstrom maintained a Neutral rating and boosted the price target from $188 to $206 on Jan. 29, 2024. This analyst has an accuracy rate of 75%.</li>
<li>BMO Capital analyst James Fotheringham maintained an Underperform and raised the price target from $157 to $159 on Jan. 29, 2024. This analyst has an accuracy rate of 73%.</li>
<li>Baird analyst David George downgraded the stock from Neutral to Underperform with a price target of $190 on Jan. 8, 2024. This analyst has an accuracy rate of 74%.</li>
</ul>
Read This Next: <a href="https://www.benzinga.com/news/24/04/38268727/top-4-tech-stocks-you-may-want-to-dump-in-april">Top 4 Tech Stocks You May Want To Dump In April</a>

Price Target

American Express Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

HMN Financial(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HMNF#NASDAQ">HMNF</a>) reported quarterly earnings of $0.30 per share. This is a 18.92 percent decrease over earnings of $0.37 per share from the same period last year. The company reported $9.16 million in sales this quarter. This is a 8.29 percent decrease over sales of $9.99 million the same period last year.

HMNF

HMN Financial Q1 EPS $0.30 Down From $0.37 YoY, Sales $9.16M Down From $9.99M YoY

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has taken down Meta Platforms&#8217; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) applications, WhatsApp and Threads, from its China App Store, in response to a Chinese government order.
What Happened: The Chinese government&#8217;s directive specifically targeted WhatsApp and Threads, without providing a detailed explanation of the perceived security threat, Reuters reported on Friday. Other Meta apps including Facebook, Instagram, and Messenger remain accessible in the China App Store.
Apple, in an email statement to Reuters, said, &#8220;The Cyberspace Administration of China ordered the removal of these apps from the China storefront based on their national security concerns. We are obligated to follow the laws in the countries where we operate, even when we disagree.&#8221;
At the time of publishing this article, a Meta spokesperson referred to Apple for further comments while Apple has yet to respond to the queries sent by <a href="https://pro.benzinga.com">Benzinga</a>.
See Also: <a href="https://www.benzinga.com/news/24/04/38288119/chinese-fighter-jets-shadow-us-navy-aircraft-over-taiwan-strait-amid-escalating-tensions-will-resolu?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Chinese Fighter Jets Shadow US Navy Aircraft Over Taiwan Strait Amid Escalating Tensions: &#8216;Will Resolutely Defend National Sovereignty And Security&#8230;&#8217;</a>
Why It Matters: This development follows a <a href="https://www.benzinga.com/markets/asia/23/10/35087405/apple-yields-to-chinese-regulations-developers-now-need-government-license-for-app-store-access">new regulation introduced last August, </a>mandating all apps in China to register with the government or face removal. The deadline for registration was the end of March, and the rules came into effect on Apr. 1. 
Apple has previously removed apps from its China App Store, including The New York Times news app in 2017, and several ChatGPT-like apps in 2021. Apple had initially resisted the Chinese government&#8217;s rules for app stores but eventually complied.
Apple&#8217;s CEO, Tim Cook, recently visited China, a move that analysts suggest could indicate Apple&#8217;s intention to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37927675/tim-cooks-latest-visit-a-sign-apple-could-double-down-on-china-says-analyst-as-ipho">double down on its presence in the country</a>, despite regulatory pressures and declining sales. 
Meanwhile, Meta has faced its own share of challenges in China, partially due to CEO Mark Zuckerberg&#8217;s <a href="https://www.benzinga.com/government/23/07/33097839/mark-zuckerbergs-chants-against-china-proves-costly-for-his-metaverse-ambitions-in-country">unfavorable image in the country</a>.
The removal of the apps comes amid increasing tensions between the U.S. and China, with the U.S. House of Representatives recently<a href="https://www.benzinga.com/markets/asia/24/03/37800098/tiktok-ban-china-has-the-power-to-block-sale-gains-leverage-over-washington"> moving forward on a bill that could ban TikTok</a> in the U.S. unless sold by its owner, ByteDance Ltd.
Price Action: On Thursday, Apple closed 0.57% lower than its previous close at $167.04 while Meta closed at $501.80, indicating a 1.54% increase since its previous close.
Read Next: <a href="https://www.benzinga.com/markets/24/04/38274667/prudent-investors-pay-attention-to-the-extraordinary-treasuries-move-momo-obliviously-buys-stocks?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Prudent Investors Pay Attention To The Extraordinary Treasuries&#8217; Move – Momo Obliviously Buys Stocks</a>
Photo by James Yarema on Unsplash
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 Engineered by Benzinga Neuro, Edited by 
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AAPL

Apple Bows To China's Security Concerns: Pulls 2 Meta Products From App Store

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Germany Producer Price Index (MoM) For March 0.2% Vs. 0.0% Est.; -0.4% Prior

U.K. Retail Sales (MoM) For March 0.0% Vs. 0.3% Est.; 0.1% Prior

U.K. Retail Sales (YoY) For March 0.8% Vs. -0.3% (Revised) Prior

Schlumberger Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) is set to release earnings results for its first quarter before the <a href="https://www.benzinga.com/quote/SLB/earnings">opening bell on April 19, 2024.</a>
Analysts expect the Houston, Texas-based company to report quarterly earnings at 75 cents per share, up from 63 cents per share in the year-ago period. SLB is projected to report quarterly revenue of $8.69 billion, compared to $7.74 billion in the year-earlier quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
SLB recently announced an agreement to acquire ChampionX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHX#NYSE">CHX</a>) in an all-stock transaction. Schlumberger will acquire ChampionX, and the shareholders will receive 0.735 shares of Schlumberger in exchange for each ChampionX share.
SLB shares rose 0.3% to close at $50.94 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/SLB/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Susquehanna analyst Charles Minervino maintained a Positive rating with a price target of $77 on April 8, 2024. This analyst has an accuracy rate of 65%.</li>
<li>Barclays analyst David Anderson maintained an Overweight rating and cut the price target from $74 to $70 on April 4, 2024. This analyst has an accuracy rate of 69%.</li>
<li>Goldman Sachs analyst Neil Mehta maintained a Buy rating on April 1, 2024. This analyst has an accuracy rate of 71%.</li>
<li>Wells Fargo analyst Roger Read maintained an Overweight rating and boosted the price target from $69 to $70 on Jan. 22, 2024. This analyst has an accuracy rate of 74%.</li>
<li>Raymond James analyst James Rollyson maintained an Outperform rating and increased the price target from $68 to $72 on Oct. 23, 2023. This analyst has an accuracy rate of 71%.</li>
</ul>
Also Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38321908/top-3-consumer-stocks-which-could-rescue-your-portfolio-this-quarter">Top 3 Consumer Stocks Which Could Rescue Your Portfolio This Quarter</a>

Schlumberger Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

U.K. Core Retail Sales (YoY) For March -0.3% Vs. 0.3% (Revised) Prior

U.K. Core Retail Sales (MoM) For March 0.4% Vs. -0.4% (Revised) Prior

The Company received aggregate gross proceeds of&nbsp;US$8 million&nbsp;from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 300,000 ordinary shares at the public offering price after the closing of the Offering, less underwriting discounts.
Proceeds from the Offering will be used for expanding the Company&#39;s business internationally, brand promotion and marketing,&nbsp;and general working capital.

IPOs

Reported Earlier, Top Wealth Group Successfully Closes IPO, Raises $8M

The sales of the first electric car by Chinese smartphone manufacturer Xiaomi Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACF#OTC">XIACF</a>) have reportedly <a href="https://www.benzinga.com/news/24/03/38000440/xiaomis-su7-sedan-aims-to-challenge-teslas-model-s-with-price-lower-than-entry-level-model-3">exceeded expectations </a>by three to five times. 
What Happened: Company CEO Lei Jun revealed the unexpected sales figures during a live stream on Douyin, the Chinese equivalent of TikTok, Reuters reported. 
The SU7, which was launched last month, has a starting price of 215,900 yuan (about $29,829), lower than even the Tesla Model 3 in China. The pricier variants of the sedan, called Pro and Max, start at 245,900 ($33,973) and 299,900 yuan ($41,434), respectively. Xiaomi received over 50,000 orders in less than half an hour of starting to take orders late last month and has already commenced deliveries of select versions of the vehicle. 
In the live stream, the CEO also confirmed that Xiaomi has no plans to build off-road vehicles and will primarily focus on the SU7, Reuters added. 
Why It Matters: Since the launch of the SU7, smaller players in China such as <a href="https://www.benzinga.com/markets/asia/24/04/38141148/chinas-newest-ev-entrant-ignites-another-fierce-price-war-even-small-fry-feel-the-heat">Zeekr have slashed prices</a> on their vehicles in an attempt to protect their market share.
"Xiaomi's car officially debuts, the real revolution in smart cars has officially begun, and China will surely give birth to a great company like Tesla," company CEO&nbsp;Lei Jun&nbsp;<a href="https://www.benzinga.com/markets/asia/24/04/38064533/xiaomi-ceo-predicts-tesla-like-success-as-chinese-ev-debutants-1st-electric-offering-zooms-off-the-l">reportedly said</a> at the delivery ceremony for the founder&#8217;s edition of the car earlier this month.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:&nbsp;<a href="https://www.benzinga.com/news/24/04/38309742/laid-off-by-tesla-heres-what-you-get-and-cant-do-with-their-severance-offer">Laid Off By Tesla? Here&#8217;s What You Get (And Can&#8217;t Do) With Their Severance Offer</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Asia

Retail Sales

XIACF

Chinese EV Contender Xiaomi's Budget 'Tesla Killer' Zooms Past Sales Expectations By 3-5 Times

<ul>
<li>SK hynix and TSMC sign MOU to collaborate on HBM4 development and next-generation packaging technology</li>
<li>SK hynix will adopt TSMC&#39;s cutting-edge foundry process to advance HBM4 performance</li>
<li>Product Design-Foundry-Memory trilateral collaboration to break memory performance limits for AI applications</li>
</ul>

Reported Earlier, SK hynix And TSMC Collaborate On HBM4 Development And Next-Generation Packaging Technology

Wishpond Technologies&nbsp; reports Q1 results

Wishpond Technologies to buy up to 2.69M of its common shares

Wishpond Technologies reports Q2 results

Wishpond Technologies reports Q3 results; reaffirms key goals for FY23

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
When it comes to building wealth in the stock market, buying shares of quality companies early in their growth trajectories offers perhaps the most proven formula for life-changing returns. However, identifying those diamond-in-the-rough small caps before they become household names presents a major challenge. This is where undiscovered penny <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a> come in.



Though ultra-speculative and high-risk overall, a select group of rapidly expanding businesses trading under $5 per share can transform early investors into millionaires if their disruptive potential is realized. Dedicating a small portion of portfolio capital to thoroughly vetted penny opportunities sets the stage for outsized rewards over time.



Of course, losses are equally likely with such speculative moonshot bets. But by targeting <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> with strong top-line growth, relatively sound financials, and clear paths to profitability, the odds of multibagger gains improve dramatically. As these thriving young companies scale up, their depressed share prices should eventually reflect the underlying fundamental progress. Let&rsquo;s take a look!



<h2>Altus Power (AMPS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/09/electricity-wire-1600-300x169.jpg" alt="A concept image of electricity flowing between two disconnected electric cables."><div>Source: ESB Professional / Shutterstock.com</div></div>As a commercial-scale supplier of clean electric power across the U.S., Altus Power (NYSE:<a href="https://investorplace.com/stock-quotes/amps-stock-quote/">AMPS</a>) is focused on expediting the transition to renewable energy nationwide. Through valuable partnerships and acquisitions that enhance growth and reinforce their competitive strengths, Altus has established a footprint across hundreds of sites in over 20 states.



There&rsquo;s no denying Altus Power&rsquo;s stock has underperformed recently, and their less-than-stellar financials certainly don&rsquo;t inspire confidence. However, I believe that if you&rsquo;re targeting multibagger returns this year, AMPS could deliver exactly that. The company seems poised for a financial turnaround as electricity demand swells thanks to escalating EV usage and surging power needs for AI data centers and cloud computing. Essentially, the macro backdrop looks bright for electricity providers like Altus.



Though Altus&rsquo; present financial position appears weak, analysts anticipate a dramatic improvement by 2025, including positive EPS. Even more impressive, earnings growth is <a href="https://seekingalpha.com/symbol/AMPS/earnings/estimates">expected to skyrocket 140% in 2026</a>. At current prices, that means you&rsquo;d be paying only around 18 times the estimated 2026 earnings &ndash; an undeniably cheap forward P/E ratio given that revenues are projected to double from 2024 to 2026.



It&rsquo;s worth noting that Altus does have a track record of missing estimates, like when they undershot Q3 revenue projections by 14% and Q4 figures by 6%. However, given their stellar long-term growth runway, I believe the stock could still realistically deliver multibagger returns over the next few years. The projected growth is just too substantial to ignore.



<h2>Pinstripes (PNST)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/pennies-cheap-1600-300x169.png" alt="Pennies in a jar on top of a background of pennies. Pennies. Cheap stocks."><div>Source: John Brueske / Shutterstock</div></div>As an experiential dining and entertainment brand blending bistro fare, bowling, bocce ball and event hosting, Pinstripes (NYSE:<a href="https://investorplace.com/stock-quotes/pnst-stock-quote/">PNST</a>) has carved out a unique niche since its launch in 2007. Having expanded to 13 locations across nine states, Pinstripes aims to open over 100 new venues in the coming years.



The broader &ldquo;eatertainment&rdquo; industry appears poised for vigorous revenue expansion. However, risks remain in terms of successful execution and performance monitoring. Still, I&rsquo;m bullish on Pinstripes&rsquo; potential to generate multibagger returns for patient investors given their strong cash reserves and ambitious growth strategy.



While PNST stock slid in late 2022, it has traded predominantly sideways in recent months. I expect shares to mount an impressive recovery this year. Analyst consensus calls for sales to climb from $122 million this year to <a href="https://seekingalpha.com/symbol/PNST/earnings/estimates">$233 million by 2025</a>. Though Pinstripes isn&rsquo;t forecast to reach profitability over the next couple years projected losses seem manageable at under $10 million annually moving ahead. With $40 million now on the balance sheet, the company has ample capital to fund operations over the next four years as revenues scale dramatically higher. For these reasons, PNST remains a high-conviction penny pick in my book.



<h2>Wishpond Technologies (WPNDF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-fingers-300x169.jpg" alt="Image of a penny held between two fingers with a white indoor background. Dividend-Paying Penny Stocks"><div>Source: Shutterstock</div></div>As a provider of online business solutions on a global scale, Wishpond&rsquo;s (OTCMKTS:<a href="https://investorplace.com/stock-quotes/wpndf-stock-quote/">WPNDF</a>) all-in-one platform empowers companies to boost marketing results, accelerate lead generation, streamline sales, optimize ad spend, boost customer referrals and improve conversion rates through AI-powered automation. This diverse functionality allows businesses to optimize their digital presence and unlock growth.



Typically, well-established SaaS marketing players trade at 10-20x forward sales while churning out substantial profits &mdash; a description that admittedly does not apply to Wishpond at current. Although the stock has plunged 66% over the trailing year, it can realistically achieve similar profitability and valuations in the years ahead given the recently renewed growth momentum.



In fact, Wishpond <a href="https://www.google.com/finance/quote/WPNDF:OTCMKTS">recorded a small profit</a> last quarter to reverse previous losses. Looking ahead, analysts forecast annual sales growth will <a href="https://seekingalpha.com/symbol/WPNDF/earnings/estimates">accelerate from 12% in 2023 to 31%</a> by 2025. If Wishpond maintains this growth trajectory and margin expansion continues leading to sustained profitability, multibagger upside potential seems highly attainable here. Wishpond held a healthy cash position of $900,000 and zero debt as of September 2023. Management expects record top and bottom line results this year, powered by increased bundled software sales, larger sales teams and new AI-based product introductions.



<h2>NanoXplore (NNXPF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/08/penny-stocks-1600-300x169.jpg" alt="Page of newspaper with words penny stocks. Undervalued Penny Stocks"><div>Source: Vitalii Vodolazskyi / Shutterstock.com</div></div>NanoXplore (OTCMKTS:<a href="https://investorplace.com/stock-quotes/nnxpf-stock-quote/">NNXPF</a>) manufactures and supplies high-volume graphene powder for diverse industrial markets. By incorporating graphene into plastics and composites, they enable enhanced products for customers across transportation, packaging, electronics and other sectors.



NanoXplore has immense upside potential as graphene demand swells exponentially over the coming years. The global graphene market is expected to rocket from <a href="https://www.mordorintelligence.com/industry-reports/graphene-market">$790 million in 2024 to $4.84 billion</a> in 2029, expanding at a vigorous 43.64% CAGR. Nicknamed the &ldquo;wonder material,&rdquo; graphene boasts immense strength &ndash; 200 times stronger than steel at the same thickness &mdash; while remaining extremely lightweight.



Multiple catalysts point to possible outperformance of NanoXplore versus current projections. Analysts forecast revenue to leap from <a href="https://seekingalpha.com/symbol/NNXPF/earnings/estimates">$96 million in 2024 to $189 million</a> in 2027. However, as graphene use cases proliferate further, the company will handily beat estimates. NanoXplore&rsquo;s massive production plant in Montreal stands as the world&rsquo;s biggest graphene production facility, uniquely positioning them to capture surging market share.



<h2>SmartRent (SMRT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/rental-th-1600-300x169.png" alt='A paper cutout of a house is attached to a tag reading "for rent."'><div>Source: Pixelbliss / Shutterstock.com</div></div>Despite recent sideways trading and declines, SmartRent (NYSE:<a href="https://investorplace.com/stock-quotes/smrt-stock-quote/">SMRT</a>) delivering compelling long-term gains as profitability draws nearer. As a foremost provider of smart home automation solutions for multifamily residences, SmartRent empowers property owners and managers to streamline operations via software and hardware that controls security, access, utilities and more.



With automation and AI commanding tremendous excitement lately, demand appears strong for SmartRent&rsquo;s offerings as smart homes gain traction. Analysts model near breakeven in 2024, with profits materializing in 2025. At just <a href="https://seekingalpha.com/symbol/SMRT/earnings/estimates">33x estimated 2026 earnings</a>, SmartRent looks cheap compared to forecasted 20%+ annual revenue growth and ~30% annual margin expansion over the next four-plus years. With negligible debt and $215 million in cash, execution risk seems modest. Management guides to $260-$290 million revenue in fiscal 2024, marking SmartRent&rsquo;s first year of positive adjusted EBITDA at $5-$8 million.



<h2>Copperleaf Technologies (CPLFF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/growthstocks_1600_02-300x169.jpg" alt="Hand of woman watering small plant in pot shaped like growing graph representing growth stocks. Sleeper Growth Stocks"><div>Source: Khakimullin Aleksandr / Shutterstock</div></div>Headquartered in Canada but selling globally, Copperleaf (OTCMKTS:<a href="https://investorplace.com/stock-quotes/cplff-stock-quote/">CPLFF</a>) provides software solutions leveraging operational and financial data to optimize asset investment decisions for organizations managing critical infrastructure assets.



As infrastructure spending booms, particularly in the U.S., Copperleaf is well-positioned to benefit by selling its software services to support better capital allocation. Recent results validate this thesis, with 20%+ annual revenue growth projected moving forward.



While profits have yet to materialize, Copperleaf surprised last quarter, exceeding EPS estimates by 42%. With $88 million in the bank and margins set to inflect positively, I believe profit compounding could ignite multibagger upside &mdash; though more likely beyond 2024 given early phase profitability. Still, long-term business momentum clearly points upward in my view.



<h2>ZOO Digital (ZDGGF)</h2>



<div><img width="300" height="200" src="https://investorplace.com/wp-content/uploads/2018/06/cloudmsn-compressor-300x200.jpg" alt=""><div>Source: Shutterstock</div></div>Offering cloud-localized and digital distribution solutions globally, ZOO Digital (OTCMKTS:<a href="https://investorplace.com/stock-quotes/zdggf-stock-quote/">ZDGGF</a>) enables media content like movies and shows to be adapted for different languages and cultures while managing digital delivery. They also provide complementary software offerings related to those services.



No doubt ZOO Digital&rsquo;s recent stock and financial performance has proven lackluster. However, beyond transient headwinds, I expect a return to healthy growth in the years ahead as profitability initiatives gain hold after the near-term decline. Case in point: ZOO Digital&rsquo;s forecasted 3-year free cash flow and revenue growth rates stand at <a href="https://www.gurufocus.com/stock/ZDGGF/summary">144% and 36.3%</a>, respectively. Trading at just $0.46, shares also look extremely inexpensive relative to $1.60 fair value estimate per GuruFocus. Once macro conditions stabilize, ZOO appears poised to capitalize on long-run, secular growth tailwinds.



On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/7-penny-growth-stocks-to-buy-for-multibagger-gains-this-year/">7 Penny Growth Stocks to Buy for Multibagger Gains This Year</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Penny Growth Stocks to Buy for Multibagger Gains This Year

Wishpond Technologies reports Q4 results

AMPS

CPLFF

NNXPF

PNST

SMRT

WPNDF

ZDGGF

Small Cap

Press Releases

Wishpond Launches SalesCloser AI, a Next Generation AI-Powered Virtual Sales Agent

Wishpond Announces Date for Fourth Quarter and Fiscal Year End 2023 Financial Results Video Conference Call

AI Revolution Takes Sales and Marketing by Storm

Events

Wishpond Technologies to Present at the Planet MicroCap Showcase: VEGAS 2024 on Wednesday, May 1, 2024 & 1x1 Meetings on Thursday, May 2, 2024

Wishpond Reports Continued Revenue and Adjusted EBITDA Growth in Q4-2023 and Fiscal 2023

TSXV:WISH

Wishpond Techs