Latest news for Memex (OTC:MENXF) Stock

Memex Inc is a technology-based company. It develops, commercializes, and manufactures a suite of products for its customers in the discrete manufacturing and aerospace sectors worldwide. It's flagship product MERLIN is a software-driven IIoT communications platform that provides manufacturing analytics in real-time. MERLIN connects to any machine, old or new, utilizing native MTConnect or hardware adapters for older machines. The company derives a majority of its revenue from Software licensing. Geographically, it generates maximum revenue from the United States and also has a presence in Mexico and Other Countries.

Memex Inc

Stephens &amp; Co. analyst Terry McEvoy maintains Nicolet Bankshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIC#NYSE">NIC</a>) with a Equal-Weight and raises the price target from $90 to $110.

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Price Target

Analyst Ratings

Stephens & Co. Maintains Equal-Weight on Nicolet Bankshares, Raises Price Target to $110

Lilium N.V.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LILM#NASDAQ">LILM</a>) shares are trading higher after it entered into a definitive sales agreement with Saudia Group or 50 Lilium Jets, with <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/g39832573/saudia-group-signs-industry-leading-sales-agreement-with-lilium-to-acquire-up-to-100-evtol-jets" rel="noreferrer noopener">options for an additional 50 aircraft</a>.
Following the Memorandum of Understanding signed between Saudia Group and Lilium in October 2022, this sales agreement represents a significant milestone in the industry.
The deal marks the largest reported firm order of eVTOL aircraft in the MENA region by an airline committed to operating these aircraft.
The agreement details payment schedules, delivery timelines, performance guarantees, and provisions for spare parts and maintenance.
Additionally, the parties aim to finalize a &#8220;Lilium POWER-ON&#8221; agreement for fleet maintenance and support.
Saudia Group anticipates receiving its first jets in 2026, managed by its subsidiary, Saudia Private.
Lilium&#8217;s agreement with Saudia Group expands its order pipeline, comprising 106 firm orders and reservations, 76 options, and around 600 aircraft under MOU.
H.E. Engr. Ibrahim Al-Omar, Director General of Saudia Group,&nbsp;said,&nbsp;&#8220;This agreement amplifies our commitment to the Saudi Vision 2030 and is the result of a collaborative effort over the past years between Lilium and Saudia Group to explore how we can best bring eVTOL to the skies of Saudi Arabia.&#8221;
&#8220;Business travelers and exhibition attendees will benefit tremendously from the ease and speed of electric aircraft, allowing them to seamlessly attend and participate in events. These innovative vehicles will also be a game-changer for tourism, sports, and entertainment, offering a premium travel experience for these exciting destinations.&#8221;
Lilium is also in advanced discussions with global airlines committed to reducing carbon emissions and adopting electric regional air travel.
Yesterday, Lilium confirmed its 2026 delivery schedule for the first customer shipments, following a recent program review that includes testing, validation, and preparations for the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/g39812459/lilium-reaffirms-2026-target-for-first-customer-deliveries-and-provides-additional-detail-on-testi" rel="noreferrer noopener">first manned flight in early 2025</a>.
Price Action: LILM shares are up 2.98% at $0.9999 premarket at the last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Equities

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Small Cap

Movers

LILM

Why Electric Aircraft Manufacturer Lilium Shares Are Surging Premarket Thursday

Piper Sandler analyst Mark Lear maintains APA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APA#NASDAQ">APA</a>) with a Neutral and raises the price target from $33 to $34.

Piper Sandler Maintains Neutral on APA, Raises Price Target to $34

JMP Securities analyst Silvan Tuerkcan maintains Relay Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RLAY#NASDAQ">RLAY</a>) with a Market Outperform and lowers the price target from $24 to $21.

RLAY

JMP Securities Maintains Market Outperform on Relay Therapeutics, Lowers Price Target to $21

WIIM

SAI.TECH Global shares are trading higher after the company's Board authorized a buyback of up to $1 million and up to 1 million shares.

Morgan Stanley analyst Alexandra Steiger maintains TJX Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) with a Overweight and raises the price target from $113 to $122.

Morgan Stanley Maintains Overweight on TJX Companies, Raises Price Target to $122

Commodities

Markets

Reuters Reported OPEC+ Unlikely To Change Oil Output Policy At Aug 1 JMMC Meeting, Citing Sources

Cantor Fitzgerald analyst Troy Jensen initiates coverage on Impinj (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) with a Overweight rating and announces Price Target of $205.

Initiation

Cantor Fitzgerald Initiates Coverage On Impinj with Overweight Rating, Announces Price Target of $205

Deutsche Bank analyst Krisztina Katai downgrades Five Below (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) from Buy to Hold and lowers the price target from $155 to $79.

Downgrades

FIVE

Deutsche Bank Downgrades Five Below to Hold, Lowers Price Target to $79

Alliance Global Partners analyst Gaurav Mehta initiates coverage on UMH Properties (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMH#NYSE">UMH</a>) with a Buy rating and announces Price Target of $21.

Alliance Global Partners Initiates Coverage On UMH Properties with Buy Rating, Announces Price Target of $21

Offerings

General

LUXH

LuxUrban Hotels Announced That The Underwriter Of Its Underwritten Public Offering Has Exercised Its Over-allotment Option In Full To Purchase An Additional 4.5M Shares At The Public Offering Price Of $0.17/Share

The Company plans to report the final analysis from the IGNITE clinical trial, including all patients at 12 months dosed with either 20 mg/kg or 40 mg/kg of iluzanebart in the first half of 2025. &nbsp;

Biotech

Health Care

VIGL

Vigil Neuroscience Announced An Update Following A Type C Meeting With The FDA To Its Clinical Development Strategy For Its IGNITE Trial Of Iluzanebart For Adult-onset Leukoencephalopathy With Axonal Spheroids And Pigmented Glia

B of A Securities analyst Tomer Zilberman maintains Motorola Solns (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSI#NYSE">MSI</a>) with a Buy and raises the price target from $370 to $440.

B of A Securities Maintains Buy on Motorola Solns, Raises Price Target to $440

B of A Securities analyst Elizabeth Suzuki maintains Leslies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LESL#NASDAQ">LESL</a>) with a Buy and lowers the price target from $6.4 to $5.15.

LESL

B of A Securities Maintains Buy on Leslies, Lowers Price Target to $5.15

The energy storage solutions will be used for Root-Power&#39;s Coryton Energy Park project, in Corringham, Essex, England. Construction of the project started in late May 2024.

CSIQ

Canadian Solar Announced That e-STORAGE, Part Of The Company's Majority-owned Subsidiary CSI Solar, Has Received A Contract For 11 MW AC/22 MWh AC Energy Storage Solutions From Root-power, Part Of The Ylem Group

Wayfair Plans Four Days Of Exclusive Sales For Black Friday In July; Up To 80% Off All Things Home July 26-29

FTNT

Fortinet shares are trading higher after TD Cowen upgraded the stock from Hold to Buy.

B of A Securities analyst Heather Balsky maintains Equifax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>) with a Buy and raises the price target from $255 to $286.

B of A Securities Maintains Buy on Equifax, Raises Price Target to $286

Sempra Infrastructure, A Subsidiary Of Sempra Announced Port Arthur LNG Phase 2 And Bechtel Energy Have Signed A Fixed-Price Engineering, Procurement And Construction Contract For The Port Arthur LNG Phase 2 Project Under Development In Port Arthur, Texas

BRKR

Bruker Posted Bond In Order To Suspend Injunction That Had Been Impacting Sales Of CosMx Spatial Molecular Imager Products By Its NanoString Business In Germany

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Latest news for Memex (OTC:MENXF) Stock