Horizon Space Acquisition Stock (NASDAQ: HSPOW)

Latest news for Horizon Space Acquisition (NASDAQ:HSPOW) Stock

Horizon Space Acquisition I Corp is a blank check company.

Horizon Space Acquisition I Corp. - Warrant

Horizon Space Acquisition I Corp

Barclays analyst Betty Jiang maintains Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) with a Overweight and lowers the price target from $174 to $171.

News

Price Target

Analyst Ratings

Barclays Maintains Overweight on Chevron, Lowers Price Target to $171

WIIM

AMTM

Amentum shares are trading higher after the company reported better-than-expected Q1 financial results.

CRTO

Criteo shares are trading higher following better-than-expected Q4 reported financial results and an increase in its share buyback authorization program.

William Blair analyst Phillip Blee upgrades Tempur Sealy Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPX#NYSE">TPX</a>) from Market Perform to Outperform.

Upgrades

William Blair Upgrades Tempur Sealy Intl to Outperform

FMC shares are trading lower after RBC Capital downgraded the stock from Outperform to Sector Perform and cut its price target from $78 to $47.

Earnings

LUCK

Lucky Strike Q2 Sales $300.074M Miss $315.999M Estimate; Company Exits Quarter With Cash And Equivalents Worth $80.755M

B of A Securities analyst Omar Dessouky maintains Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) with a Neutral and raises the price target from $130 to $132.

B of A Securities Maintains Neutral on Electronic Arts, Raises Price Target to $132

8&#215;8, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGHT#NASDAQ">EGHT</a>) reported mixed results for its third <a href="https://www.benzinga.com/quote/eght/earnings">quarter on Tuesday</a>.
The company posted quarterly earnings of 11 cents per share which beat the analyst consensus estimate of 9 cents per share. The company reported quarterly sales of $178.88 million which missed the analyst consensus estimate of $179.26 million.
&#8220;Our third quarter results highlight further progress and continued momentum in our transformation journey. We delivered solid financial performance, with record cash flow from operations and strong adoption of our AI-powered customer experience solutions, driving a 60% year-over-year increase in new products. As we move forward, our focus remains on enhancing customer value, accelerating growth, and driving long-term profitability. With a clear strategy and a strong team, I believe we are well-positioned to capitalize on the opportunities ahead,&#8221; said Samuel Wilson, Chief Executive Officer at 8&#215;8, Inc.
8&#215;8 lowered its FY2025 sales guidance from $714.00 million-727.00 million to $713.00 million-719.00 million.
8&#215;8 shares gained 4.4% to close at $2.84 on Tuesday.
These analysts made changes to their price targets on 8&#215;8 following earnings announcement.
<ul>
<li>Needham analyst Ryan Koontz maintained 8&#215;8 with a Buy and raised the price target from $3 to $3.5.</li>
<li>Barclays analyst Ryan Macwilliams maintained 8&#215;8 with an Equal-Weight and raised the price target from $2.5 to $3.</li>
</ul>
Considering buying EGHT stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="568" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/05073541/image-42-1024x568.png" alt="" class="wp-image-766985" style="width:704px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/05073541/image-42-1024x568.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/05073541/image-42-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/05073541/image-42-768x426.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/05073541/image-42.png 1126w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Markets

Trading Ideas

EGHT

These Analysts Raise Their Forecasts On 8x8 Following Q3 Results

Barclays analyst Michael Leithead maintains Celanese (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CE#NYSE">CE</a>) with a Equal-Weight and lowers the price target from $88 to $75.

Barclays Maintains Equal-Weight on Celanese, Lowers Price Target to $75

ARES

Ares Management shares are trading lower after the company reported Q4 financial results and missed its adjusted EPS and revenue estimates.

Piper Sandler&#8217;s research dated Feb. 4 has revealed a less optimistic outlook for Meta Platforms Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) position in the artificial intelligence race. This comes as its CEO Mark Zuckerberg during Meta&#8217;s fourth-quarter <a href="https://www.benzinga.com/markets/25/01/43326499/mark-zuckerberg-says-chinas-deepseek-did-some-novel-things-were-still-digesting-but-meta-may-keep-pouring-billions-into-ai-infrastructure-anyway">earnings call</a> stated that they are &#8220;still digesting&#8221; some of the &#8220;novel things&#8221; Chinese AI startup <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43382103/experts-say-deepseek-proves-high-performance-ai-possible-without-silicon-valleys-spending">DeepSeek</a> has done.
Analyst Takeaways: The note, based on insights from a data center engineering expert, suggests that while DeepSeek is ahead of Meta&#8217;s latest Llama model, it still lags behind leading AI labs like OpenAI and Anthropic by about six months.
&#8220;In terms of the tricks and methodology applied by DeepSeek, the leading labs such as OpenAI and Anthropic are fully aware of such methodologies and also employ these but such is not the case of Meta which is clearly behind,&#8221; the note added.
The expert also downplayed the significance of DeepSeek&#8217;s reported $5.6 million training run for its R1 model, noting that a comparable run at OpenAI would likely cost around $10 million, making DeepSeek&#8217;s &#8220;cost not so impressive relative to the U.S.&#8221; The note also suggested that OpenAI&#8217;s runs are likely more &#8220;comprehensive&#8221; and &#8220;secure&#8221;.
The Piper Sandler note highlights several key trends in the AI landscape:
<ul>
<li>Increasing Compute Requirements: The demand for compute power is escalating rapidly, especially for inference applications, which are crucial for monetization. This trend is expected to drive significant capital expenditure increases.</li>
</ul>
<ul>
<li>Winners In The Capex Race: Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Taiwan Semiconductor Mfg. Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) are identified as the primary beneficiaries of this capex surge, due to their dominance in graphics processing units and chip manufacturing, respectively.</li>
</ul>
<ul>
<li>Shift Towards Inference: Leading AI labs are predicted to allocate an increasing proportion of their compute resources to inference, potentially reaching 90% in the near future.</li>
</ul>
<ul>
<li>DeepSeek&#8217;s Impact On Capex: DeepSeek&#8217;s cheaper training methods could lead to wider adoption of AI models, further fueling the demand for inference and driving capex.</li>
</ul>
<ul>
<li>Talent Drain At Meta: The report suggests that Meta&#8217;s lag in the AI race may be attributed to &#8220;largely HR related&#8221; issues, including compensation and equity attractiveness compared to competitors like OpenAI.</li>
</ul>
The Analyst: Piper Sandler analysts Harsh V Kumar and Robert Aguanno, who cover the semiconductor sector, have given &#8220;overweight&#8221; ratings to three companies: Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) with a price target of $180, Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) with a price target of $120, and Nvidia with a price target of $175.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/02/43488205/trump-media-technology-trading-volume-falls-amid-expensive-valuations-and-bearish-charts-heres-what-technical-analysis-for-djt-stock-shows">Trump Media &amp; Technology Trading Volume Falls Amid Expensive Valuations And Bearish Charts: Here&#8217;s What Technical Analysis For DJT Stock Shows</a>
Why It Matters: The Piper Sandler report is bullish on Nvidia with respect to AI sector tailwinds, &#8220;a 50/50 split between training and inference applications&#8221; and custom application-specific integrated circuits (ASICs) for increased efficiency. However, it expresses less optimism about AMD, citing their lag in software development and continuous loss of talent to competitors.
While Zuckerberg&#8217;s comments on DeepSeek suggest a cautious approach to evaluating DeepSeek&#8217;s advancements, the Piper Sandler analysis paints a more concerning picture for Meta, indicating that the company has significant ground to make up in the rapidly evolving AI landscape.
See Also: <a href="https://www.benzinga.com/25/02/43488561/pepsico-responds-to-health-driven-demand-with-lays-cheetos-and-doritos-brand-owner-frito-lay-overhaul">PepsiCo Revamps Lays, Cheetos, And Doritos Maker Frito Lay As North American Sales Take A Hit, Shifts Focus To Health-Conscious Customers</a>
Price Action: Shares of Meta were down 0.36% in premarket, whereas the exchange-traded fund tracking the Nasdaq 100 index, Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined 0.80%. Meta is up 17.51% on a year-to-date basis and 53.28% over the last year.
The average price target among 43 analysts <a href="https://www.benzinga.com/quote/META/analyst-ratings">tracked by Benzinga</a> is $724.86 with a ‘buy' rating. The estimates range from $575 to $875 apiece. Recent ratings from RBC UBS, Citigroup, and Oppenheimer suggest a $788.67 target, implying a potential upside of 12.40%.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/META/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="377" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/05063632/Meta-Anr-1024x377.png" alt="" class="wp-image-766882" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/05063632/Meta-Anr-1024x377.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/05063632/Meta-Anr-300x110.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/05063632/Meta-Anr-768x283.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/05063632/Meta-Anr.png 1059w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Photo courtesy: Shutterstock

Market Summary

Tech

NVDA

Meta AI Models 'Clearly Behind' DeepSeek, Says Analysts After Mark Zuckerberg Admitted DeepSeek Did Some Novel Things 'We're Still Digesting'

B of A Securities analyst Justin Post maintains Snap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) with a Neutral and raises the price target from $14 to $14.5.

SNAP

B of A Securities Maintains Neutral on Snap, Raises Price Target to $14.5

Stanley Black & Decker shares are trading lower. The company reported Q4 financial results.

Citigourp Global Markets 2% Protected Notes Linked To The Djia

PDD Holdings shares are trading lower amid reports suggesting the US is considering adding the company's Temu to the DHS's 'forced labor' list.

Barclays analyst Michael Leithead maintains Axalta Coating Sys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXTA#NYSE">AXTA</a>) with a Overweight and raises the price target from $44 to $45.

AXTA

Barclays Maintains Overweight on Axalta Coating Sys, Raises Price Target to $45

Griffon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFF#NYSE">GFF</a>) reported quarterly earnings of $1.39 per share which beat the analyst consensus estimate of $1.19 by 16.81 percent. This is a 29.91 percent increase over earnings of $1.07 per share from the same period last year. The company reported quarterly sales of $632.371 million which missed the analyst consensus estimate of $638.050 million by 0.89 percent. This is a 1.68 percent decrease over sales of $643.153 million the same period last year.

Earnings Beats

Earnings Misses

Griffon Q1 2025 Adj. EPS $1.39 Beats $1.19 Estimate, Sales $632.371M Miss $638.050M Estimate

Barclays analyst Matt Miksic maintains InMode (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INMD#NASDAQ">INMD</a>) with a Overweight and raises the price target from $26 to $29.

INMD

Barclays Maintains Overweight on InMode, Raises Price Target to $29

Guidance

Emerson Sees Q2 2025 Adj. EPS $1.38-$1.05 Vs $1.42 Estimate; Sees FY25 Adj. EPS $5.85-$6.05 Vs $5.94

B of A Securities analyst Vivek Arya maintains Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) with a Neutral and lowers the price target from $155 to $135.

B of A Securities Maintains Neutral on Advanced Micro Devices, Lowers Price Target to $135

Barclays analyst Ryan Macwilliams maintains AudioCodes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUDC#NASDAQ">AUDC</a>) with a Underweight and raises the price target from $9 to $10.

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