Defiance R2000 Enhanced Options & 0DTE Income ETF (ARCA: IWMY)

Latest news for Defiance R2000 Enhanced Options & 0DTE Income ETF (ARCA:IWMY)

To pursue its objective, the Fund is an actively managed exchange-traded fund (ETF) that seeks current income while maintaining the opportunity for indirect exposure to the value of the Index, subject to a limit on potential gains from increases in the value of the Index. More precisely, the Fund aims to generate additional income from its options investments when the Index rises in value, based on the specific put options it sold.

First American Government Obligations Fund

Defiance R2000 Enhanced Options Income ETF

Defiance R2000 Enhanced Options & 0DTE Income ETF

Needham analyst Mike Matson maintains NeoGenomics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEO#NASDAQ">NEO</a>) with a Buy and lowers the price target from $19 to $18.

News

Price Target

Analyst Ratings

Needham Maintains Buy on NeoGenomics, Lowers Price Target to $18

Piper Sandler analyst Clarke Jeffries maintains Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) with a Overweight and raises the price target from $318 to $328.

CDNS

Piper Sandler Maintains Overweight on Cadence Design Sys, Raises Price Target to $328

The Future Fund Managing Partner Gary Black highlighted key metrics from Baidu Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) autonomous driving progress, noting that the company&#8217;s robotaxi service achieved 1.1 million paid rides in <a href="https://www.benzinga.com/news/earnings/25/02/43778265/baidu-q4-earnings-ai-cloud-grows-margin-slides-expects-ai-investments-to-bear-fruit-in-2025">the fourth quarter</a> of 2024, jumping 36% year-over-year, according to his post on X.
What Happened: Black emphasized three critical developments: the service&#8217;s transition to 100% fully driverless operations with no remote operators, a cumulative total of 9 million robotaxi rides, and Baidu&#8217;s groundbreaking entry into Hong Kong as the first ride-hailing operator permitted to test its autonomous platform there.
The Hong Kong expansion in November marks Baidu&#8217;s first venture into a right-hand drive, left-hand traffic market, demonstrating the platform&#8217;s adaptability to different driving environments.
During the earnings call, CEO Robin Li underscored the company&#8217;s decade-long investment in autonomous driving technology, noting that Apollo Go operates in &#8220;one of the most challenging environments&#8221; due to complex traffic conditions in China. 
The company deploys its sixth-generation autonomous vehicle, the RT6, specifically designed for robotaxi operations.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">From today's <a href="https://twitter.com/search?q=%24BIDU&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BIDU</a> earnings call on autonomous driving: &#8211; # paid robotaxi rides 1.1M in 4Q +36% YoY &#8211; cumulative robotaxi rides now 9 million &#8211; 100% fully driverless (no remote operator) &#8211; In Nov, Baidu was granted a permit to test its robotaxi platform in Hong Kong &#8211; the first… <a href="https://t.co/45Mxskhvyy">pic.twitter.com/45Mxskhvyy</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1891984980143673389?ref_src=twsrc%5Etfw">February 18, 2025</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/equities/25/02/43806398/grab-stock-is-up-52-over-the-past-year-but-investor-adam-khoo-warns-of-weak-economic-moat-and-growth-limits">Grab Stock Is Up 52% Over The Past Year, But Investor Adam Khoo Warns Of Weak &#8216;Economic Moat&#8217; And Growth Limits</a>
Why It Matters: Baidu plans to accelerate its growth through an asset-light approach, partnering with mobility service providers and local entities for efficient scaling. This expansion comes as the company competes with Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Waymo in the autonomous vehicle space.
The robotaxi milestone accompanied Baidu&#8217;s broader fourth-quarter results, where the company reported revenue of $4.68 billion, exceeding analyst estimates despite a 2% year-over-year decline. The company&#8217;s AI Cloud business showed particular strength, growing 26% during the quarter.
Read Next: 
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<li><a href="https://www.benzinga.com/25/02/43802574/bitcoin-ethereum-dogecoin-slide-further-while-stocks-rally-analyst-spots-a-good-sign-for-eths-mid-term-and-long-term-price-outlooks">Bitcoin, Ethereum, Dogecoin Slide As Stocks Rally: Analyst Spots &#8216;Good Sign&#8217; For ETH&#8217;s Mid-Term And Long-Term Price Outlooks</a></li>
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Markets

BIDU

GOOG

GOOGL

TSLA

Baidu's Robotaxi Service Hits 1.1 Million Paid Rides In Q4, Expands To Hong Kong As 1st Operator Allowed To Test Autonomous Vehicles

Several&nbsp;U.S. Food and Drug Administration&nbsp;(FDA) employees involved in the review of Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Chief, Elon Musk&#8216;s private brain implant company,&nbsp;Neuralink, were dismissed&nbsp;over the weekend.
What Happened: The cuts reportedly affected about 20 individuals from the FDA&#8217;s Office of Neurological and Physical Medicine Devices, including several who were working on Neuralink, reported Reuters on Tuesday. 
Reportedly, these were mainly the probationary officers who were fired as part of a broader federal workforce purge. That division is responsible for overseeing clinical trial applications submitted by Neuralink and other companies developing brain-computer interface devices.
The sources, on condition of anonymity, told Reuters that they did not believe the employees were deliberately targeted because of their work on Neuralink&#8217;s applications.
These dismissals could potentially slow down the FDA&#8217;s ability to process medical device applications, including those from Neuralink, as per the sources and external experts.&nbsp;A former FDA&nbsp;official, Victor Krauthamer expressed that this situation is intimidating for FDA professionals overseeing Neuralink&#8217;s trial. "We should be worried about the whole trial, and the protection of the people in the trial,&#8221; warned Krauthamer.
Kush Desai, the White House spokesman, told Reuters that the Trump administration &#8220;will abide by ethics laws.&#8221; 
The FDA and Musk&#8217;s team did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment.
SEE ALSO: <a href="https://www.benzinga.com/25/02/43805852/trump-shakes-global-trade-with-25-auto-chip-and-pharma-tariffs-announcement-asian-stocks-pare-their-five-day-rally">Trump Announces 25% Tariff On Auto Imports, Chips And Pharmaceuticals, Shaking Global Trade: Nvidia, Apple, TSMC And Others In Focus</a>
Why It Matters: While Elon Musk&#8217;s DOGE is on a mission to purge the federal workforce to lower government expenditure, Patti Zettler, a law professor at Ohio State University and former deputy general counsel to HHS reveals that a large portion of the FDA budget comes from user fees. "It is especially clear that laying off FDA staff who are funded by user fees will not save the taxpayers any money. The taxpayers are not paying for these employees,&#8221; Zettler told NPR.
Notably, in March, the U.S. FDA inspectors found issues with record-keeping and quality controls in animal experiments at Elon Musk&#8217;s Neuralink. However, less than a month after that, Neuralink live-streamed its first patient with a chip implant, showcasing him using his mind to play online chess.
However, Kip Ludwig, former program director for neural engineering at the U.S. National Institutes of Health, does not think Neuralink was a &#8220;breakthrough.&#8221; &#8220;It is still in the very early days post-implantation, and there is a lot of learning on both the Neuralink side and the subject&#8217;s side to maximize the amount of information for control that can be achieved,&#8221;&nbsp;Ludwig explained. 
Despite facing stiff competition from companies like Precision Neuroscience, which raised $102 million in its latest funding round, Neuralink has <a href="https://www.benzinga.com/24/12/42523165/elon-musks-neuralink-faces-fierce-competition-as-precision-neuroscience-raises-102-million-to-advance-thought-controlled-devices">managed to secure over $600 million</a> in funding and continues to dominate the industry.
<ul>
<li>READ MORE:<a href="https://www.benzinga.com/tech/25/02/43805662/tesla-cybertruck-receives-5-star-safety-rating-apocalypse-level-safe-says-elon-musk"> </a><a href="https://www.benzinga.com/tech/25/02/43805662/tesla-cybertruck-receives-5-star-safety-rating-apocalypse-level-safe-says-elon-musk">Tesla Cybertruck Receives 5-Star Safety Rating: &#8216;Apocalypse-Level Safe,&#8217; Says Elon Musk</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Politics

DOGE Reportedly Fires FDA Staff Reviewing Elon Musk's Neuralink: 'We Should Be Worried About The Whole Trial,' Says Former Official

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) CEO Alex Karp has thrown his support behind Elon Musk&#8216;s efforts to streamline government spending while delivering sharp criticism of progressive opposition to these reforms.
What Happened: Karp, in an interview on CNBC, characterized Musk as &#8220;obviously the most important builder in the world&#8221; and defended his involvement with the Department of Government Efficiency (DOGE) initiative. 
The Palantir chief executive specifically addressed mounting concerns about DOGE&#8217;s access to government data, framing the opposition as self-destructive behavior from progressive circles.
&#8220;What I don&#8217;t like about what&#8217;s going on is I just view this as watching the Democratic party commit suicide,&#8221; said Karp, noting that &#8220;90% of the country is like get rid of that fraud, waste and abuse.&#8221;
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See Also: <a href="https://www.benzinga.com/markets/equities/25/02/43805108/jim-cramer-sees-terrific-buying-opportunity-in-disney-stock-after-strong-quarter-slips-under-the-radar">Jim Cramer Sees &#8216;Terrific Buying Opportunity&#8217; In Disney Stock After Strong Quarter Slips Under The Radar</a>
Why It Matters: The comments come as the President Donald Trump administration faces legal questions over Musk&#8217;s role in DOGE. While the White House has clarified that Musk serves as a senior adviser rather than an administrator, several Democratic states have filed lawsuits arguing his position grants him &#8220;virtually unchecked power&#8221; in <a href="https://www.benzinga.com/25/02/43801916/elon-musk-has-no-actual-authority-to-make-government-decisions-says-trump-white-house-on-doge">violation of the Constitution</a>.
Karp emphasized that advancing technologies, particularly artificial intelligence and large language models, make unprecedented governmental transparency possible. &#8220;Why is it that we do not know where every penny of our money goes?&#8221; he questioned, suggesting that new technologies enable detailed analysis of government contracts.
The Palantir CEO, who described himself as a longtime Democrat, urged progressives to engage constructively with Musk&#8217;s efficiency initiative rather than oppose it outright. &#8220;The progressive left should be saying, &#8216;Okay Elon, you&#8217;re clearly the most qualified person in the world to do something like this, we want to dialogue with you,'&#8221; Karp stated.
Read Next: 
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

PLTR

Palantir CEO Alex Karp Backs Elon Musk's Government Efficiency Efforts, Calls Him 'Most Important Builder'

Mercurity Fintech Announced The Formation Of A Majority-owned Subsidiary In Hong Kong, Aifinity Base Limited, Which Plans To Manufacture Advanced Liquid Cooling Panels Specifically Tailored For Artificial Intelligence Infrastructure, High-performance Computing To Improve The Efficiency And Performance Of Nvidia Chip-powered Gpus And Other High-performance Ai Accelerators

Michael Saylor's Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), the largest corporate Bitcoin holder in the world, intends to issue $2 billion in convertible debt through a private offering, to buy more Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)
What Happened: On Tuesday, the company announced plans to offer the notes to institutional investors through a private placement, including an additional $300 million option for early buyers. The notes, set to mature on March 1, 2030, will be convertible into cash, stock, or a combination of both at Strategy's discretion.
The notes will neither accrue regular interest nor increase in value, meaning their principal amount will stay constant over time. Strategy reserves the right to redeem the notes for cash beginning March 5, 2027, but only if its stock price remains at least 130% above the conversion price for a designated period.
Investors have the right to request a repurchase on March 1, 2028, or in the case of a significant corporate change, at the principal amount along with any accrued special or additional interest.
The firm, led by Saylor, stated that the proceeds would mainly be used to acquire more Bitcoin, with a portion set aside for working capital.
SEE ALSO: <a href="https://www.benzinga.com/tech/25/02/43802471/apples-leaked-renders-show-iphone-17-air-and-pro-getting-unique-camera-islands-but-base-models-looks-may-disappoint-some">Apple&#8217;s Leaked Renders Show iPhone 17 Air And Pro Getting Unique Camera Islands —But Base Model&#8217;s Looks May Disappoint Some</a>
Why It Matters: The initiative is part of the company's larger 21/21 Plan aiming to accumulate $42 billion in Bitcoin on its balance sheet by 2027. This is the company&#8217;s first simple convertible offering since it secured over $560 million at a substantial discount. 
This decision also comes after a week wherein the company refrained from raising funds through share sales or debt to purchase Bitcoin, a strategy it had frequently employed in the past.
Strategy&#8217;s ambitious Bitcoin investment plan, therefore, could be seen as a move to capitalize on the increasing acceptance of Bitcoin as a legitimate institutional asset. However, Saylor opined that <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43793078/michael-saylor-bitcoin-adoption-hindered-by-institutional-under-allocation">institutional investors are yet to allocate</a> sufficient capital to Bitcoin, despite its growing acceptance as a financial asset.
He also noted that recent regulations are simplifying the process for companies to include Bitcoin in their balance sheets. For instance, the Financial Accounting Standards Board&#8217;s fair value accounting rules mandate that companies report cryptocurrencies at their fair market value.
Strategy&#8217;s bold move comes in the wake of a 20% reduction in workforce and over a 14% drop in the company&#8217;s stock value since last month. The company, which&nbsp;held 478,740 Bitcoin as of&nbsp;Feb. 17, has seen its stock surge over 370% during the past year.
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</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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

Cryptocurrency

Tech

$BTC

MSTR

Michael Saylor's Strategy To Raise Another $2 Billion To Buy More Bitcoin

Mizuho analyst James Lee maintains Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) with a Outperform and raises the price target from $95 to $105.

Mizuho Maintains Outperform on Baidu, Raises Price Target to $105

Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) declined on Tuesday after making history with its 20-day-long winning streak. The stock fell below its eight-day simple moving average for the first time in several days, following Tuesday&#8217;s decline.
What Happened: In the 20 trading sessions between Jan. 16 to Feb. 14, Mark Zuckerberg&#8216;s firm rose by 20.22%, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. The company added over $350 billion in market capitalization during this period.
Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), the exchange-traded fund tracking Nasdaq 100 advanced by 3.15% in these 20 days.
After Tuesday&#8217;s fall, the stock was up by 16.91% since Jan. 16.
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19034101/Meta-Since-Jan.-16-1024x576.png" alt="" class="wp-image-788288" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19034101/Meta-Since-Jan.-16-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19034101/Meta-Since-Jan.-16-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19034101/Meta-Since-Jan.-16-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19034101/Meta-Since-Jan.-16-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19034101/Meta-Since-Jan.-16.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Meanwhile, Benzinga Pro data indicated that the stock fell below its eight-day average while still displaying bullish trends. It was still above the 20-day average and longer-term 50-day and 200-day averages.
Momentum indicators were also strong. The relative strength index fell below the overbought to neutral zone at 68.09 while it still had a positive MACD of 27.94, indicating the possibility of a further positive move.
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19034127/Meta-technical-analysis-1024x576.png" alt="" class="wp-image-788289" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19034127/Meta-technical-analysis-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19034127/Meta-technical-analysis-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19034127/Meta-technical-analysis-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19034127/Meta-technical-analysis-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19034127/Meta-technical-analysis.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
See Also: <a href="https://www.benzinga.com/general/market-summary/25/02/43806017/alibabas-q4-shakeup-many-asian-funds-exit-while-us-based-funds-like-ubs-oconnor-marathon-assetmark-cantor-fitzgerald-double-down">Alibaba Sees Asian Funds Exiting In Q4 Even As Their US Peers UBS O&#8217;Connor, Marathon, AssetMark, And Cantor Fitzgerald Double Down</a>
Why It Matters: Meta created history with 20 consecutive sessions of gains before falling 2.76% to $716.37 apiece on Tuesday. It declined further by 0.056% in afterhours.
Possibly following Elon Musk&#8217;s footsteps, Meta recently announced that it is creating a new Reality Labs team to develop its <a href="https://www.benzinga.com/news/25/02/43765088/mark-zuckerberg-follows-elon-musks-footsteps-as-meta-reportedly-plans-major-investment-into-ai-power">humanoid robot</a> hardware for household tasks. The long-term goal is to create AI, sensors, and software for other companies to use in their robots. Meta has begun talks with robotics firms like Unitree Robotics and Figure AI.
However, former Meta employees disputed the <a href="https://www.benzinga.com/25/02/43723246/meta-faces-backlash-as-laid-off-workers-say-they-were-unfairly-targeted-despite-strong-performance-records">company&#8217;s recent layoffs</a>, alleging they disproportionately affected high performers, including those on leave, contradicting CEO Zuckerberg&#8217;s claim that the cuts were performance-based. These employees maintain they have no record of underperformance and feel unjustly targeted. 
Price Action: Meta has risen 22.35% this year and 51.85% 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 $731.76 with a ‘buy' rating. The estimates range from $575 to $935 apiece. Recent ratings from Tigress Financial, UBS, and Citigroup suggest a $833.67 target, implying a potential upside of 16.44%.
<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="388" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19033917/Meta-latest-ANR-1024x388.png" alt="" class="wp-image-788286" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19033917/Meta-latest-ANR-1024x388.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19033917/Meta-latest-ANR-300x114.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19033917/Meta-latest-ANR-768x291.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19033917/Meta-latest-ANR.png 1063w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/02/43805475/big-bets-on-ai-powered-precision-medicine-major-funds-from-ark-and-jpmorgan-to-blackrock-and-citadel-add-tempus-a" target="_blank" rel="noreferrer noopener">Tempus AI Sees Surge In Institutional Holdings In Q4: Cathie Wood's Ark Invest, JPMorgan, And BlackRock Load Up On TEM Stock</a></li>
</ul>
Photo courtesy: Shutterstock

Market Summary

Technicals

Meta Stock Dips Below Short-Term Average As Mark Zuckerberg-Led Tech Giant Snaps 20-Day Winning Streak

Keefe, Bruyette &amp; Woods analyst Meyer Shields upgrades Travelers Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) from Market Perform to Outperform and raises the price target from $275 to $286.

Upgrades

Keefe, Bruyette & Woods Upgrades Travelers Companies to Outperform, Raises Price Target to $286

Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) will release its fourth-quarter financial results, after the closing bell, on <a href="https://www.benzinga.com/quote/cvna/earnings">Wednesday, Feb. 19, 2025.</a>
Analysts expect the Tempe, Arizona-based company to report quarterly earnings at 29 cents per share, compared to a year-ago loss of $1.00 per share. Carvana projects quarterly revenue of $3.31 billion, compared to $2.42 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
The company has beaten analyst estimates for revenue in three straight quarters and five of the last 10 quarters overall.
Carvana shares fell 0.3% to close at $284.53 on Tuesday.
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/GBX/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Wedbush analyst Seth Basham reiterated a Neutral rating with a price target of $250 on Feb. 6, 2025. This analyst has an accuracy rate of 74%.</li>
<li>Stephens &amp; Co. analyst Jeff Lick reiterated an Overweight rating with a price target of $300 on Feb. 6, 2025. This analyst has an accuracy rate of 74%.</li>
<li>JP Morgan analyst Rajat Gupta maintained an Overweight rating and raised the price target from $300 to $350 on Jan. 31, 2025. This analyst has an accuracy rate of 77%.</li>
<li>Citigroup analyst Ronald Josey upgraded the stock from Neutral to Buy and raised the price target from $195 to $277 on Jan. 8, 2025. This analyst has an accuracy rate of 78%.</li>
<li>RBC Capital analyst Brad Erickson upgraded the stock from Sector Perform to Outperform and boosted the price target from $270 to $280 on Jan. 7, 2025. This analyst has an accuracy rate of 74%.</li>
</ul>
Considering buying CVNA stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="592" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19025056/image-2-49-1024x592.png" alt="" class="wp-image-788199" style="width:644px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19025056/image-2-49-1024x592.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19025056/image-2-49-300x173.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19025056/image-2-49-768x444.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19025056/image-2-49.png 1085w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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CVNA

Carvana Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Microsoft co-founder Bill Gates couldn't name many young tech founders leading groundbreaking companies from this era, with only one exception — Alexandr Wang.
What Happened: During a conversation with Stripe CEO Patrick Collison at the Computer History Museum, Gates was asked to name any founders in their 20s who are at the top of the technology industry today.
His only nomination was Wang, the 28-year-old founder and CEO of Scale AI, the company that supplies data to power leading AI models, serving organizations like OpenAI and Microsoft.
"I think Alex Wang, who does AI data, he&#8217;s still in his 20s," Gates said.
See Also: <a href="https://www.benzinga.com/tech/25/02/43781034/bill-gates-hopes-elon-musk-will-rethink-slashing-usaid-their-work-is-something-every-taxpayer-would-be-proud-of">Bill Gates Hopes Elon Musk Will Rethink Slashing USAID: Their Work Is Something &#8216;Every Taxpayer Would Be Proud Of&#8217;</a>
Collison, who agreed with Gates&#8217; assessment, noted that in past decades, there was always a defining young founder leading innovation — naming Steve Jobs, Mark Zuckerberg, Gates, and Michael Dell as examples.
However, he said that identifying a current equivalent proved difficult.
In response, Gates pointed to the changing tech landscape, saying that when he and Jobs started, the industry was full of "virgin territory" where young entrepreneurs could disrupt established players.
He said that today's environment is different, making it harder for new entrants to break through.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="CHM Live &#x7C; Bill Gates and Patrick Collison: In Conversation at CHM" width="500" height="281" src="https://www.youtube.com/embed/CZEW2P4DBl0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Why It's Important: Established in 2016, Wang's Scale AI emerged as a key player in the AI sector well before OpenAI's ChatGPT became widely recognized.
Last year, <a href="https://www.benzinga.com/markets/equities/24/05/38944368/ai-startup-scale-secures-1b-from-investors-including-amd-amazon-meta-doubling-valuation-to-13-8b">Scale AI secured $1 billion</a> in funding, bringing its valuation to $13.8 billion.
The round was led by Accel, with participation from nearly all of Scale's existing investors. These include Y Combinator, Nat Friedman, Index Ventures, Founders Fund, Coatue, Thrive Capital, Spark Capital, Nvidia Corporation, Tiger Global, Greenoaks, and Wellington Management.
New investors also joined the round including Cisco Investments, DFJ Growth, Intel Capital, ServiceNow Ventures, AMD Ventures, WCM, Amazon, Elad Gil, and Meta Platforms, Inc.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Why There's No New Steve Jobs Or Zuckerberg — Bill Gates Names The Only 20-Something Founder Who's Still In The Game

Prominent Singaporean entrepreneur Adam Khoo cast doubt on Grab Holdings Ltd.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>) investment potential Tuesday, even as the Southeast Asian super-app&#8217;s shares rose 8.16% to $5.30, adding to its 51.86% gain over the past year.
What Happened: &#8220;I live in Southeast Asia and personally use the GRAB app everyday for transport and ordering food. But I will not invest in the stock because I think it does not have a strong economic moat,&#8221; Khoo wrote on X, offering a ground-level perspective of the company&#8217;s market position. 
He emphasized the platform&#8217;s limited pricing power, noting how easily users switch to competitors like ZIG, GoJek, or Food Panda when prices increase.
Khoo&#8217;s skepticism about Grab&#8217;s potential as a &#8220;multi-bagger&#8221; investment stems from its confined growth prospects beyond Southeast Asia, where it currently operates in eight countries. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24GRAB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GRAB</a> stock is up 15% today and I see so many people calling it the next big multi bagger. Really? I live in Southeast Asia and I personally use the GRAB app everyday for transport and for ordering food. But I will not invest in the stock because I think it does not have a…
&mdash; Adam Khoo (@adamkhootrader) <a href="https://twitter.com/adamkhootrader/status/1891798851109126453?ref_src=twsrc%5Etfw">February 18, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/25/02/43802574/bitcoin-ethereum-dogecoin-slide-further-while-stocks-rally-analyst-spots-a-good-sign-for-eths-mid-term-and-long-term-price-outlooks">Bitcoin, Ethereum, Dogecoin Slide As Stocks Rally: Analyst Spots &#8216;Good Sign&#8217; For ETH&#8217;s Mid-Term And Long-Term Price Outlooks</a>
What Happened: His assessment aligns with recent analyst sentiment, as 14 analysts maintain a <a href="https://www.benzinga.com/quote/GRAB/analyst-ratings">consensus price target</a> of $5.14, below current trading levels.
The Singapore-headquartered company, valued at $20.99 billion, has built a comprehensive platform offering services from ride-hailing to financial services since its 2012 founding. 
However, recent ratings from HSBC, Bank of America Securities, and China Renaissance, averaging $5.25, suggest limited upside despite the stock&#8217;s strong momentum, supporting Khoo&#8217;s thesis about the company&#8217;s growth constraints.
<figure class="wp-block-image aligncenter size-full is-resized"><img loading="lazy" decoding="async" width="932" height="342" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19031054/image-159.png" alt="" class="wp-image-788239" style="width:745px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19031054/image-159.png 932w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19031054/image-159-300x110.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/19031054/image-159-768x282.png 768w" sizes="(max-width: 932px) 100vw, 932px" /></figure>
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Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

GRAB

Grab Stock Is Up 52% Over The Past Year, But Investor Adam Khoo Warns Of Weak 'Economic Moat' And Growth Limits

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Earnings Scheduled For February 19, 2025

Rivian Automotive Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) $6.6 billion federal loan for its planned electric vehicle manufacturing plant in Georgia hangs in the balance following recent actions by the President Donald Trump administration.
What Happened: Georgia Governor Brian Kemp expressed uncertainty about the loan&#8217;s status in an interview with Channel 2 News. &#8220;They secured that loan at the tail end of the [Former President Joe] Biden administration,&#8221; Kemp said. &#8220;The Trump administration is taking a look at all those things, so I don&#8217;t really know where that stands right now,&#8221; <a href="https://electrek.co/2025/02/18/rivians-rivn-6-6-billion-georgia-ev-plant-loan-in-jeopardy/">reported</a> Electrek. 
The uncertainty stems from Trump&#8217;s January order to pause federal funding, which was rescinded within two days but has already created complications. Georgia Senator Jon Ossoff warned that the suspension &#8220;threatens chaos&#8221; for federal grants in the state.
Despite the funding concerns, Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rival Rivian maintains its commitment to the project. A company spokesperson emphasized their focus on &#8220;working hard to onshore U.S. manufacturing, providing thousands of American jobs here in Georgia.&#8221; The automaker has already begun hiring for construction and management positions.
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Why It Matters: The federal loan, structured in two phases, includes $3.4 billion in initial funding followed by $2.6 billion in the second phase. The 1,744-acre facility, located 40 miles east of Atlanta, is expected to create 7,500 permanent jobs and 2,000 construction positions.
Rivian plans to manufacture its more affordable R2 and R3 electric vehicles at the new plant, with the R2 SUV starting at approximately $45,000 &#8211; roughly half the price of current Rivian models. The facility aims to achieve an annual production capacity of 400,000 EVs, with customer vehicle production scheduled to begin by the end of 2028.
While Governor Kemp affirmed his support for Rivian, he emphasized the need to protect taxpayers&#8217; interests. &#8220;We got parameters in, and whether it&#8217;s the incentives, the site itself to protect taxpayers regardless of what happens with that site,&#8221; he stated.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

RIVN

Tesla-Rival Rivian's $6.6 Billion Federal Loan Under Scrutiny As Trump Administration Reviews Funding

This marks the entry into the Asia-Pacific region for the brand, through a development and franchise agreement between a subsidiary of the parent company, Restaurant Brands International (RBI), one of the world's largest quick service restaurant companies, and RFG. RFG is the owner of popular brands Gloria Jeans Coffees, Donut King, Brumby's Bakery, Beefy's Pies and Crust Pizza.&nbsp;

Reported Earlier, Restaurant Brands International Launches Firehouse Subs In Australia, Targeting 165 Locations In 10 Years

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index moved to the &#8220;Neutral&#8221; zone on Tuesday.
U.S. stocks settled higher on Tuesday, with the S&amp;P 500 closing at a record high level during the session as investors monitored recent geopolitical developments and anticipated the release of the latest FOMC minutes on Wednesday.
Equity markets recorded gains last week, with the S&amp;P 500 gaining around 1.5% and the Dow rising 0.6%. The Nasdaq gained 2.6% during the week.
Shares of Fluor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) fell more than 8% on Tuesday after the company missed quarterly earnings and revenue estimates.
On the economic data front, the NY Empire State Manufacturing Index rose by 18.3 points to a reading of +5.7 in February, topping market estimates of -1.
Most sectors on the S&amp;P 500 closed on a positive note, with energy, materials, and utilities stocks recording gains on Tuesday. However, communication services and consumer discretionary stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 10 points to 44,556.34 on Tuesday. The S&amp;P 500 rose 0.24% to 6,129.58, while the Nasdaq Composite gained 0.07% at 20,041.26 during Tuesday's session.
Investors are awaiting earnings results from Analog Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), Etsy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>), and Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 48.9, the index moved to the &#8220;Neutral&#8221; zone on Tuesday, versus a prior reading of 44.
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.
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Photo courtesy: Shutterstock

Pre-Market Outlook

S&P 500 Settles At Record High Ahead Of Fed Minutes: Investor Sentiment Improves, Fear & Greed Index Moves To 'Neutral' Zone

IPOs

Reported Earlier, Anbio Biotechnology Prices $8M Initial Public Offer Of 1.6M Class A Common Shares At $5/Share, Listing On Nasdaq Under "NNNN"

The Department of Government Efficiency (DOGE) has made the use of the Treasury Access Symbol (TAS) mandatory, after finding $4.7 trillion in Federal Payments &#8216;untraceable&#8217;.
What Happened: DOGE posted on X on Tuesday that the TAS, an identification code linking a Treasury payment to a budget line item, is now a compulsory field. Previously, the TAS field was optional and frequently left blank, complicating the tracking of approximately $4.7 trillion in payments. The DOGE stated, &#8220;traceability almost impossible&#8221; for the said federal payments. 
This change is part of an initiative spearheaded by Tesla Inc CEO Elon Musk to reduce waste, fraud, and abuse within the federal government.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Treasury Access Symbol (TAS) is an identification code linking a Treasury payment to a budget line item (standard financial process). In the Federal Government, the TAS field was optional for ~$4.7 Trillion in payments and was often left blank, making traceability almost…
&mdash; Department of Government Efficiency (@DOGE) <a href="https://twitter.com/DOGE/status/1891614960452522187?ref_src=twsrc%5Etfw">February 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">DOGE thanked the Treasury Department for its "great work" in implementing the change and hailed it as a "major improvement in Treasury payment integrity." The Treasury Department, responsible for handling trillions of dollars in government payments each year, was among the first agencies DOGE collaborated with following President Donald Trump's inauguration. SEE ALSO: <a href="https://www.benzinga.com/general/space/25/02/43802341/elon-musk-says-spacex-created-history-by-blasting-off-a-rocket-from-one-country-and-landing-it-another-this-is-the-first-time">Elon Musk Says SpaceX Created History By Blasting Off A Rocket From One Country And Landing It Another: &#8216;This is The First Time…&#8217; </a> Why It Matters: The decision to make the TAS field mandatory is part of DOGE&#8217;s broader efforts to enhance efficiency and transparency in government operations. In a recent proposal, DOGE suggested the elimination of paper checks at the Treasury, arguing it could save taxpayers "at least $750 million per year." Additionally, in their first-ever joint interview with Fox News, Trump and Musk defended the role of DOGE in cutting government waste. Musk stated that he <a href="https://www.benzinga.com/media/25/02/43805137/elon-musk-defends-doge-initiatives-says-his-role-is-to-provide-trump-with-tech-support-if-the-bureaucracy-is-fighting-the-will-of-the-people">assumed the role</a> to cut through bureaucracy and help prevent the U.S. from facing bankruptcy. DOGE&#8217;s push for efficiency has already led to significant changes in other government departments. For instance, the acting commissioner of the Social Security Administration, Michelle King, <a href="https://www.benzinga.com/25/02/43773868/doge-demand-leads-to-resignation-of-acting-social-security-commissioner-trump-nominates-frank-bisignano-to-take-charge">stepped down following DOGE&#8217;s demands</a> for access to beneficiary data. The Social Security payments, which make up approximately $1.5 trillion or 20% of the annual federal spending in the U.S., were at the center of this disagreement. </figcaption></figure>
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<li>READ MORE: <a href="https://www.benzinga.com/tech/25/02/43781034/bill-gates-hopes-elon-musk-will-rethink-slashing-usaid-their-work-is-something-every-taxpayer-would-be-proud-of">Bill Gates Hopes Elon Musk Will Rethink Slashing USAID: Their Work Is Something &#8216;Every Taxpayer Would Be Proud Of&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Elon Musk's DOGE Reports Nearly $4.7 Trillion Untraceable In Federal Payments, Makes TAS Tag Mandatory

Reported Earlier, RenaissanceRe Prices $500M Senior Notes At 5.800% Due 2035 To Support Corporate Initiatives

Tidal Trust II Defiance R2000 Enhanced Options Income ETF

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