JPMorgan Chase & Co. Alerian MLP Index ETNs due January 28, 2044 (ARCA: AMJB)

Latest news for JPMorgan Chase & Co. Alerian MLP Index ETNs due January 28, 2044 (ARCA:AMJB)

Alerian MLP Index Exchange Traded Notes B (ETNs) provide investors a way to gain exposure to energy-oriented master limited partnerships, or MLPs

Alerian MLP Index ETN

JPMorgan Chase & Co. Alerian MLP Index ETNs due January 28, 2044

Citigroup analyst Thomas Palmer maintains Kraft Heinz (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>) with a Buy and lowers the price target from $42 to $38.

News

Price Target

Analyst Ratings

Citigroup Maintains Buy on Kraft Heinz, Lowers Price Target to $38

1-800-Flowers.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLWS#NASDAQ">FLWS</a>) stock closed Wednesday at $10.00 per share, down more than 9%.
The company could miss the sales estimate for the fourth quarter of fiscal 2024 and issue its fiscal 2025 guidance below Street expectations, according to DA Davidson.
The 1-800-Flowers Analyst: Linda Bolton Weiser downgraded coverage of 1-800-Flowers from Neutral to Underperform, while reducing the price target from $11 to $8.
The 1-800-Flowers Thesis: Bloomberg debit card data, which is 94% correlated to sales, indicates a decline of 15% year-on-year in sales in the fourth quarter of fiscal 2024, versus a 13% decline in the prior quarter F3Q24, Weiser said in the downgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
This suggests that the consensus estimate of a 6% year-on-year decline in the fiscal fourth-quarter sales may prove to be too high, she added.
The University of Michigan consumer sentiment index, which is currently in the 60s-70s, needs to be consistently above 80 for 1-800-Flowers to return to low-single-digit sales growth, the analyst added.
"Consumers have tended to show up more on the big gift-giving holidays like Mother&#8217;s Day, but FLWS&#8217; everyday gifting business (which is the majority of sales) has been very anemic," she further wrote.
FLWS Price Action: Shares of 1-800-Flowershad declined by 9.09% to $10.00 at the time of publication on Wednesday.
Now Read: 
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<li><a href="https://www.benzinga.com/top-stories/24/07/39827103/dow-jones-extends-all-time-highs-blue-chips-post-strongest-6-day-gain-versus-tech-stocks-in-22-years">Dow Jones Extends All-Time Highs: Blue Chips Post Strongest 6-Day Gain Versus Tech Stocks In 22 Years</a></li>
</ul>
Image: Shutterstock

Analyst Color

Short Ideas

Downgrades

Movers

Trading Ideas

FLWS

1-800-Flowers Analyst Warns Bloomberg Debit Card Data Shows Unfavorable Trends

UnitedHealthcare has served Rhode Islanders through the MMCS program since 1993; this contract award will continue to provide access to UnitedHealthcare coverage and services through 2030.

Contracts

UnitedHealthcare Says Selected By The State Of Rhode Island To Serve Medicaid Members Through MMCS Program; This Contract Award Will Continue To Provide Access To Coverage And Services Through 2030

Citigroup analyst Thomas Palmer maintains Freshpet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) with a Neutral and raises the price target from $124 to $129.

FRPT

Citigroup Maintains Neutral on Freshpet, Raises Price Target to $129

Synovus Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>) reported quarterly earnings of $1.16 per share which beat the analyst consensus estimate of $0.86 by 34.88 percent. This is unchanged from the same period last year. The company reported quarterly sales of $306.147 million which missed the analyst consensus estimate of $429.042 million by 28.64 percent. This is a 46.08 percent decrease over sales of $567.807 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Synovus Finl Q2 2024 Adj EPS $1.16 Beats $0.86 Estimate, Sales $306.147M Miss $429.042M Estimate

Citigroup analyst Thomas Palmer maintains Hershey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) with a Neutral and lowers the price target from $204 to $188.

Citigroup Maintains Neutral on Hershey, Lowers Price Target to $188

Citigroup analyst Keith Horowitz maintains Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) with a Neutral and raises the price target from $98 to $105.

Citigroup Maintains Neutral on Morgan Stanley, Raises Price Target to $105

Beyond Meat Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>) shares are crumbling in Wednesday&#8217;s after-hours session as investors digest a report suggesting the company&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39799604/short-idea-alert-beyond-meat-shake-shack-plus-one-semiconductor-stock-analysts-have">liquidity position has weakened</a>.
What Happened: According to a Wall Street Journal <a href="https://www.wsj.com/articles/beyond-meat-engages-bondholders-for-restructuring-talks-7de6b8ae?mod=Searchresults_pos1&amp;page=1">report</a> published after the market close on Wednesday, Beyond Meat has reached out to a group of bondholders to start discussions about a potential restructuring of its balance sheet.
People familiar with the matter reportedly said the group of bondholders, which own some of Beyond Meat&#8217;s $1.1 billion of convertible notes, are working with law firm Akin Gump Strauss Hauer &amp; Feld on the matter. 
Beyond Meat stock has been stuck in a downtrend since the summer of 2021 as the company continues to burn through cash. The plant-based meat company had $173.5 million in cash and cash equivalents&nbsp;as of March 30. 
Don&#8217;t Miss: <a href="https://www.benzinga.com/news/earnings/24/07/39825869/united-airlines-q2-earnings-revenue-miss-eps-beat-guidance-unchanged-and-more">United Airlines Q2 Earnings: Revenue Miss, EPS Beat, Guidance Unchanged And More</a>
In Beyond Meat&#8217;s most recent earnings report, the company noted its operating environment continued to be affected by uncertainty related to macroeconomic issues including &#8220;ongoing, further weakened demand in the plant-based meat category.&#8221;
Beyond Meat is due to report earnings again in early August, although a date has not yet been confirmed by the company. According to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>, analysts are anticipating a loss of 51 cents per share on revenue of $87.808 million.
BYND Price Action: Beyond Meat shares were down 16.32% after hours at $6 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39821442/netflix-q2-earnings-preview-can-ad-supported-growth-new-releases-sustain-investor-h">• Netflix Q2 Earnings Preview: Can Ad-Supported Growth, New Releases Sustain Investor Hype?</a>
Photo: Courtesy of Beyond Meat.

Restaurants

After-Hours Center

BYND

Beyond Meat Stock Is Getting Cooked After The Close: What's Going On?

Citigroup analyst Stephen Trent maintains Frontier Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) with a Neutral and lowers the price target from $7 to $5.35.

ULCC

Citigroup Maintains Neutral on Frontier Group Holdings, Lowers Price Target to $5.35

The Dow Jones Industrial Average Index reached a new record high of 41,198 points Wednesday, closing 0.6% higher and extending its winning streak to six <a href="https://www.benzinga.com/topic/dow-jones-industrial-average">consecutive sessions in the green</a>.
Blue-chip stocks, tracked by the SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>), found a strong ally in July&#8217;s seasonality. Just a year ago, the Dow Jones began a remarkable bull run of 13 consecutive sessions starting on July 10.
This year&#8217;s Dow rally is distinguished not only by new record highs but by its outperformance relative to the tech sector.
Over the last six sessions, the Dow Jones has risen by 5%, while the tech-heavy Nasdaq 100 fell by 3.3%. Therefore, it has outperformed the Nasdaq 100 by 8.3 percentage points in the most recent six sessions.
To find another six-day period where blue chips outpaced tech by such a margin, we have to go back to July 2002. 
<h3 class="wp-block-heading">Dow Jones Vs. Nasdaq 100</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="456" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17162751/image-29-1024x456.png" alt="" class="wp-image-441691" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17162751/image-29-1024x456.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17162751/image-29-300x134.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17162751/image-29-768x342.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17162751/image-29-1536x684.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17162751/image-29.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
There is currently a &#8220;general enthusiasm about cyclical sectors like industrials and materials that tend to perform best in a growing economy,&#8221; Joe Mazzola, director of trading and education at Charles Schwab. &#8220;Hopes for Fed rate cuts starting in September triggered a major rotation toward those sectors starting late last week.&#8221;
&#8220;Dow&nbsp;Jones Industrial Average breaking out to new highs to suggest that the summer 2024 rally is getting healthier,&#8221; Stephen Suttmeier, CFA, CMT.
<h3 class="wp-block-heading">Top 5 Blue-Chip Stock Performers Of Last 5 Sessions</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Price Chg. % (5D)</td>
</tr>
<tr>
<td>UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>)</td>
<td>14.43%</td>
</tr>
<tr>
<td>Caterpillar Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>)</td>
<td>8.91%</td>
</tr>
<tr>
<td>The Home Depot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>)</td>
<td>8.11%</td>
</tr>
<tr>
<td>Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>)</td>
<td>7.16%</td>
</tr>
<tr>
<td>The Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>)</td>
<td>6.47%</td>
</tr>
</tbody>
</table>
</figure>
Now Read:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39823332/nasdaq-100-suffers-worst-day-in-11-months-as-chipmakers-tumble-on-china-curbs-magnificent-">Nasdaq 100 Suffers Worst Day In 11 Months As Chipmakers Tumble On China Curbs; Magnificent 7 Wipe Out $500B : What&#8217;s Driving Markets Wednesday?</a></li>
</ul>
Image: Shutterstock

Markets

SPDR Dow Jones Industrial Average ETF Trust

Dow Jones Extends All-Time Highs: Blue Chips Post Strongest 6-Day Gain Versus Tech Stocks In 22 Years

MEOH

Methanex, Entropy Enter Agreement To Invest In Pre-FEED Study For Carbon Capture, Utilization And Sequestration Deployment At Alberta Facility

Citigroup analyst Keith Horowitz maintains PNC Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) with a Buy and raises the price target from $175 to $200.

Citigroup Maintains Buy on PNC Finl Servs Gr, Raises Price Target to $200

Rhame has agreed to continue supporting Vertex in a consulting role through the end of 2024. Upon Rhame&#39;s retirement, Doug Haugh, Vertex&#39;s Chief Commercial Officer, will also assume the role of interim Chief Operating Officer.

Management

VTNR

Vertex Energy Says James Rhame Will Be Retiring As COO, Effective July 25, 2024; Doug Haugh Named As Interim COO

Citigroup analyst Tyler Radke maintains ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Buy and raises the price target from $909 to $911.

Citigroup Maintains Buy on ServiceNow, Raises Price Target to $911

Ratings for AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) were provided by 6 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
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;">5</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>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;">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>2M Ago</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>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</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, analyzed by analysts, offer insights with an average target of $278.67, a high estimate of $328.00, and a low estimate of $238.00. This current average reflects an increase of 9.28% from the previous average price target of $255.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1721250088_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of AppFolio 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>Alexei Gogolev</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$328.00</td>
<td>$260.00</td>
</tr>
<tr>
<td>Brent Bracelin</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$295.00</td>
<td>$295.00</td>
</tr>
<tr>
<td>Brent Bracelin</td>
<td>Piper Sandler</td>
<td>Announces</td>
<td>Overweight</td>
<td>$295.00</td>
<td>-</td>
</tr>
<tr>
<td>John Campbell</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$241.00</td>
<td>$241.00</td>
</tr>
<tr>
<td>Ryan Tomasello</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$238.00</td>
<td>$215.00</td>
</tr>
<tr>
<td>Jason Celino</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$275.00</td>
<td>$264.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to AppFolio. This information offers a snapshot of how analysts perceive 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 AppFolio compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of AppFolio's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into AppFolio's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/APPF/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on AppFolio analyst ratings.</a>
<h2>Unveiling the Story Behind AppFolio</h2>
AppFolio Inc is a provider of cloud-based software solutions for real estate industry. Its property management software provides property managers with an end-to-end solution to their business needs. Its products include cloud-based property management software (Appfolio Property Manager). It also offers value-added services, such as screening, risk mitigation and electronic payment services. The business activity of the firm predominantly functions through the United States and it generates revenue in the form of subscription fees.
<h3>Financial Milestones: AppFolio's Journey</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: AppFolio's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 37.71%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: AppFolio's net margin excels beyond industry benchmarks, reaching 20.63%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 12.15%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 9.12%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 0.13, AppFolio adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts 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.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

APPF

Forecasting The Future: 6 Analyst Projections For AppFolio

In the preceding three months, 5 analysts have released ratings for Grab Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>), presenting a wide array of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares 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;">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;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">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>2M Ago</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>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $5.28, with a high estimate of $6.00 and a low estimate of $4.70. This current average has decreased by 0.94% from the previous average price target of $5.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1721250044_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
A clear picture of Grab Hldgs's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Thomas Chong</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$4.70</td>
<td>$5.00</td>
</tr>
<tr>
<td>Wei Fang</td>
<td>Mizuho</td>
<td>Announces</td>
<td>Outperform</td>
<td>$5.00</td>
<td>-</td>
</tr>
<tr>
<td>Jiong Shao</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$4.70</td>
<td>$4.30</td>
</tr>
<tr>
<td>Fawne Jiang</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$6.00</td>
<td>$6.00</td>
</tr>
<tr>
<td>Fawne Jiang</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$6.00</td>
<td>$6.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Grab Hldgs. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Grab Hldgs compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Grab Hldgs's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
To gain a panoramic view of Grab Hldgs'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/GRAB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Grab Hldgs analyst ratings.</a>
<h2>All You Need to Know About Grab Hldgs</h2>
Founded in 2012, Grab provides ride-sharing services, food and grocery delivery, and financial services (payments, consumer loans, and enterprise offerings) in eight Southeast-Asian countries through its mobile platform. The company partners with merchants and riders, connecting them with consumers while charging commission to both sides. Grab has a leading market share in and derives 89% of its revenue from its core businesses, ride-sharing and food delivery. Singapore and Malaysia contributed 58% of revenue as of end-2021. Grab's main competitors in Southeast Asia are Foodpanda and Gojek, the ride-sharing arm of GoTo. Its financial services business is still in its nascent stage and provides minimal revenue currently. The company now also generates advertising revenue.
<h3>Grab Hldgs: A Financial Overview</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining Grab Hldgs's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 24.38% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Grab Hldgs's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -15.93%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Grab Hldgs's ROE stands out, surpassing industry averages. With an impressive ROE of -1.63%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Grab Hldgs's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -1.22%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a below-average debt-to-equity ratio of 0.05, Grab Hldgs adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

GRAB

A Closer Look at 5 Analyst Recommendations For Grab Hldgs

Booking Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) has outperformed the market over the past 5 years by 2.82% on an annualized basis producing an average annual return of 15.99%. Currently, Booking Holdings has a market capitalization of $135.36 billion. 
Buying $1000 In BKNG: If an investor had bought $1000 of BKNG stock 5 years ago, it would be worth $2,106.80 today based on a price of $3989.64 for BKNG at the time of writing.
<h3>Booking Holdings's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721250021_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BKNG

$1000 Invested In This Stock 5 Years Ago Would Be Worth $2,100 Today

Chart Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTLS#NYSE">GTLS</a>) has outperformed the market over the past 5 years by 3.67% on an annualized basis producing an average annual return of 16.84%. Currently, Chart Industries has a market capitalization of $7.10 billion. 
Buying $100 In GTLS: If an investor had bought $100 of GTLS stock 5 years ago, it would be worth $222.99 today based on a price of $165.88 for GTLS at the time of writing.
<h3>Chart Industries's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721250016_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

GTLS

$100 Invested In Chart Industries 5 Years Ago Would Be Worth This Much Today

I spent some time on the Benzinga &#8220;Live Trading&#8221; show with Ryan Faloona and the crew last week talking about uranium stocks. Nuclear energy is attracting a lot of attention, including more than its share from traders.
As a long-term investor and research-driven analyst, I might not be much help to traders, but I think I can help investors. I have been an unabashed bull on nuclear energy and uranium for some time, and I have gotten to know the market pretty well.
Right now, there are 436 operational reactors worldwide and 173 more under construction.
That is not going to be enough in the long run.
It has always been clear to me the path to a zero-emission future is to go from natural gas to nuclear and renewable. Wind and solar were never going to be enough to meet the world&#8217;s rising energy demand. No matter how you feel about climate change, developing renewable, clean resources is just smart.
The brain-dead politicians, misguided activists and instant experts around the world will eventually have to accept that you cannot go green without nuclear energy unless you are willing to reduce the standard of living of almost every single person on the planet.
Expanding the usage of nuclear energy is not a choice. It is a must to power the future.
We are going to need a lot of uranium.
The Uranium Landscape: Global uranium production has consistently lagged behind demand, creating a significant deficit that is expected to persist.  Financial buyers like hedge funds and ETFs have also been buying uranium, further reducing the supply.
Geopolitical factors are further shaping the uranium market landscape. The Russia-Ukraine conflict has disrupted supply chains, particularly for European utilities dependent on Russian uranium. This situation has highlighted the importance of diversifying uranium sources and has led to increased interest in secure, stable supplies from other regions. As a result, producers outside of Russia may see increased demand for their uranium resources.
Uranium Investment Ideas: Given these market dynamics, here are two solid investment options to consider.
Cameco Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>) stands out as a leading player in the uranium market and is well-positioned to benefit from the industry&#8217;s growth. 
The strong demand for uranium aligns well with Cameco&#8217;s production capabilities. The company&#8217;s strategic assets, including high-grade uranium mines, ensure cost-effective production. Favorable market dynamics support higher uranium prices, benefiting Cameco&#8217;s bottom line. The company&#8217;s long-term contracts and strategic partnerships provide revenue stability. Cameco&#8217;s solid financial health and positive investor sentiment contribute to its growth potential.
Keep in mind that Cameco is a twin momentum stock. The shares are attracting institutional attention because sales and earnings are rising rapidly. Analysts are scrambling to raise their earnings estimate for the company and urging their institutional customers to buy the stock.
If the fundamentals drive the price higher, you can hold the stock for a long ride. Do not play guessing games if it slows down or there is significant selling pressure.&nbsp;
Exit the stock and wait for the momentum to reassert itself.
Sprott Physical Uranium Trust (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SRUUF#OTC">SRUUF</a>) offers a unique way to gain direct exposure to physical uranium. It provides direct exposure to uranium without the operational risks associated with mining stocks. The trust benefits from rising global demand for uranium and nuclear energy. It acts as a potential hedge against inflation. 
I have owned this for years and have no intention of selling it anytime soon.
While the uranium market offers opportunities, it is crucial to approach certain investments with caution.
Despite its innovative small modular reactor technology, NuScale Power Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) faces significant challenges. Project delays and cost overruns have eroded investor confidence.
Regulatory and safety hurdles pose ongoing challenges for the company. NuScale&#8217;s financial instability and high cash burn rate raise concerns about its long-term viability.&nbsp;
The company faces competitive disadvantages against other renewable energy sources.&nbsp;
Companies developing uranium projects without current sales or profitability carry substantial risks. The highly speculative nature of these stocks leads to extreme price volatility. Their lack of revenue and profitability creates a dependency on external financing. These companies face significant operational and execution risks, especially those without proven track records. Regulatory and political risks can impact project viability for uranium story stocks. Market sentiment-driven price fluctuations can result in significant losses for investors.
The uranium market presents a compelling opportunity for investors, driven by increasing global demand for nuclear energy and supply constraints. Cameco Corporation and the Sprott Physical Uranium Trust offer solid options for gaining exposure to this growing market.&nbsp;
Avoiding the empty shell story stocks with no hopes of profits for at least a decade is crucial. 
Photo by metamorworks via Shutterstock.

Commodities

Opinion

SRUUF

Critical Power Shortage Sets These 2 Stocks Up for Profits

Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) reported its second-quarter financial results on Wednesday. Here's a look at the key <a href="https://www.benzinga.com/pressreleases/24/07/b39825883/discover-financial-services-reports-second-quarter-2024-net-income-of-1-5-billion-or-6-06-per-dilu">figures from the report. </a>
The Details: Discover reported GAAP earnings of $6.06 per share, beating the estimate of $3.07 per share, and quarterly Net Interest Income (NII) of $3.524 billion.
Net interest income for the quarter increased by $347 million, or 11% year-over-year, driven by higher average receivables and net interest margin expansion. Net interest margin was 11.17%, up 11 basis points versus the prior year. 
Card yield was 15.99%, up 85 basis points from the prior year primarily driven by a lower promotional balance mix and lower payment rates, partially offset by higher interest charge-offs. Interest expense as a percent of total loans increased 71 basis points from the prior year period, primarily driven by higher funding costs.
Read Also: <a href="https://www.benzinga.com/news/24/07/39796841/lucids-stock-drives-higher-on-2025-model-year-updates-whats-going-on">Lucid&#8217;s Stock Drives Higher On 2025 Model Year Updates: What&#8217;s Going On?</a>
Digital Banking pretax income of $1.8 billion for the quarter was $694 million higher than the prior year period reflecting a lower provision for credit losses and increased revenue net of interest expense partially offset by increased operating expenses.
Total loans ended the quarter at $127.6 billion, up 8% year-over-year, and up 1% sequentially. Credit card loans ended the quarter at $100.1 billion, up 7% year-over-year. Personal loans increased $1.2 billion, or 13%. Private student loans were down 1%, and were classified as held-for-sale as of June 30, 2024.
The total net charge-off rate was 4.83%, up 161 basis points from the prior year period and down 9 basis points from the prior quarter reflecting continued seasoning of recent vintages. 
&#8220;Discover&#8217;s fundamental operating performance remains very good, as shown by our loan growth, margin expansion and higher non-interest revenue in the quarter,&#8221; said Michael Shepherd, Discover&#8217;s Interim CEO and President.
&#8220;Additionally, we advanced several critical initiatives including entering into an agreement to sell our student loan assets, favorably resolving litigation in our Payment Services segment, and entering into a class action settlement agreement for the card misclassification matter.&#8221;
Discover will host a conference call to discuss its second-quarter results at 8:00 a.m. ET Thursday morning.
DFS Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Discover Financial shares are up 5.01% after-hours at $148.49 at the time of publication Wednesday.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/07/39805320/what-happened-with-canopy-growth-stock-today">What Happened With Canopy Growth Stock Today?</a></li>
</ul>
Photo: Shutterstock

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JPMorgan Chase Financial Company LLC Launches New Alerian MLP Index® ETN (NYSE Arca: AMJB)

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JPMorgan Announces Results of Exchange Offer Relating to Its Alerian MLP Index ETNs and Reminds Holders That the Remaining AMJ ETNs Will Mature May 24, 2024

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JPMorgan Chase & Co. Alerian MLP Index ETNs due January 28, 2044

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