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Meta Platforms

Meta is the largest social media company in the world, boasting close to 4 billion monthly active users worldwide. The firm's "Family of Apps," its core business, consists of Facebook, Instagram, Messenger, and WhatsApp. End users can leverage these applications for a variety of different purposes, from keeping in touch with friends to following celebrities and running digital businesses for free. Meta packages customer data, gleaned from its application ecosystem and sells ads to digital advertisers. While the firm has been investing heavily in its Reality Labs business, it remains a very small part of Meta's overall sales.

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NVDA

ORCL

Oracle guadagna terreno nel settore cloud e IA, mentre Nvidia e Meta restano i protagonisti principali del mercato tecnologico.

Oracle guadagna slancio mentre Nvidia e Meta dominano l&#39;IA

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Un&#39;analisi svela i costi nascosti dei chip GPU nella rivoluzione dell&#39;IA: perché le aziende tecnologiche rischiano valutazioni gonfiate.

Rivoluzione IA: i costi nascosti di cui nessuno parla

Il report sugli utili di NVIDIA del 28 agosto potrebbe segnare una svolta decisiva per l&#39;azienda e il mercato tecnologico.

Il report sugli utili di NVIDIA del 28 agosto rappresenterà un momento di svolta

Meta Platforms, Inc. - Class A Common Stock

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META PLATFORMS CL A ORD

Ohio's recreational marijuana industry is gaining momentum, with sales reaching $76.3 million as of the end of September. When recreational cannabis shops <a href="https://www.benzinga.com/markets/cannabis/24/08/40172821/its-official-ohio-begins-recreational-cannabis-sales-on-tuesday-heres-where-and-how-you-know-the">officially opened their doors </a>this past Aug. 6, sales <a href="https://www.benzinga.com/markets/cannabis/24/08/40492614/smoke-much-weed-ohio-38-5m-in-first-two-weeks-of-adult-use-sales-including-medical-marijuana">zoomed to over $22.5 million</a> in the first 12 days with medical marijuana contributing an additional $16 million.
In under two months, Ohio's legal weed market has moved over 8,813 pounds of plant materials and 1.2 million units of manufactured products through the state's 124 dual-use dispensaries that cater to both medical and recreational customers.
<h1 class="wp-block-heading">Neighboring Michigan: A Well-Established Competitor</h1>
Though Ohio's market is moving right along after last <a href="https://www.benzinga.com/markets/cannabis/23/11/35664155/ohio-legalizes-cannabis-and-overwhelmingly-approves-abortion-rights">November's legalization vote</a>, Michigan's industry is chugging ahead even faster. Recreational marijuana sales, which began there in 2019 have continued to rise despite Ohio's legalization. In August, for example, Michigan's total cannabis sales <a href="https://www.benzinga.com/markets/cannabis/24/09/40831750/cannabis-sales-in-michigan-soar-to-295-4m-for-a-recording-breaking-august">hit a record-breaking $295.4 million</a> essentially indicating that weed vendors are retaining customers despite new competition from Ohio.
Why? "Frankly, it is still worth it for me to drive to Michigan to buy cannabis," one Ohioan from a Cleveland suburb told Benzinga. "Marijuana prices here [in Ohio] are still much higher than in Michigan. So it&#8217;s cheaper even after I pay for gas to drive both ways. "
Zach Gergich, a representative from Nectar, a dispensary in the college town of Bowling Green, Ohio, expressed optimism about Ohio's potential.
"We're five-to-10 times busier here depending on the day," Gergich <a href="https://www.13abc.com/2024/09/25/recreational-marijuana-sales-increasing-michigan-ohio/">told</a> 23ABC. "We've been crushing it up here."
Sales numbers, however, show that Ohio weed shops are not exactly crushing their competitors on the other side of the state line.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40742561/ohios-cannabis-sales-reach-44m-as-new-customers-just-keep-coming-and-demand-is-not-slowing">Ohio&#8217;s Cannabis Sales Reach $44M As New Customers Just Keep Coming And Demand Is Not Slowing</a>
<h1 class="wp-block-heading">Plenty Of Weed Money To Go Around In Both States</h1>
While Ohio's fledgling market is showing promise, Michigan's resilience suggests it won't be easy for the Buckeye State to overtake its northern neighbor anytime soon. Although for now, both states seem to have plenty of demand to meet.
"I think it's only going to get more competitive. We'll see, you know, more licenses pop up for growers and processors and stuff like that," Gergich said. "So obviously more there, more of them, you know, prices should start we hopefully should see them fall a little bit and kind of get more competitive in that range."
Now Read: 
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<li><a href="https://www.benzinga.com/markets/cannabis/24/10/41149545/trump-harris-vance-and-walz-agree-on-this-end-cannabis-criminalization-in-florida">Trump, Harris, Vance And Walz Agree On This: End Cannabis Criminalization In Florida</a></li>
</ul>

This image was created using artificial intelligence.

Cannabis

Retail Sales

Ohio Cannabis Market Soars To $76M In Less Than 2 Months But Michigan Remains The Leader

The Application was submitted on July 19, 2024, and passed the initial FDA Administrative Review. The FDA informed the Company that the FDA placed the Application on hold pending a complete response to the AIR.
The FDA has informed the Company that the Company has 180 days from the date of the AIR to provide a complete response to the AIR or the FDA will consider the Application withdrawn.
As the Company works to respond to the AIR, the Company, in parallel, will pursue a submission for its active modality with Outside the United States (&quot;OUS&quot;) clinical data as it continues to work through the AIR for its semi-active system.

MGRM

Monogram Technologies Receives Additional Information Request From FDA On September 30, 2024, Regarding Its 510(K) Premarket Filing Submission For mBôs TKA System

B of A Securities analyst Kevin Fischbeck downgrades Humana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) from Neutral to Underperform and lowers the price target from $376 to $247.

Downgrades

Price Target

B of A Securities Downgrades Humana to Underperform, Lowers Price Target to $247

UMH Properties Expects Effects Of Hurricane Helene Storm Not To Have Material Impact On Its Operations Or Financial Results

As the curtain rises on the iPhone 16 Series, Apple enthusiasts are buzzing with anticipation. However, JPMorgan analyst Samik Chatterjee suggests that while the hype is palpable, the initial momentum for high-end models appears muted compared <a href="https://www.benzinga.com/quote/AAPL/news">to past launches</a>. 
<h2 class="wp-block-heading">iPhone 16: &#8216;Launch Lacking Early Momentum&#8217;</h2>
Chatterjee highlights that the rollout has faced a slight hiccup, primarily due to the unavailability of AI capabilities, which seems to be causing a pause among potential buyers.
In Chatterjee&#8217;s latest insights, he points out, "Early signs are indicating a robust product cycle; albeit, with the launch lacking early momentum for the high-end models." This may prompt consumers to hold off on their purchases until they can fully grasp the AI value proposition. 
As a result, JPMorgan has adjusted its near-term iPhone unit forecast, now estimating about 126 million iPhones sold in the second half of 2024, down from 130 million previously.
Read Also: <a href="https://www.benzinga.com/news/24/10/41146507/apples-iphone-16-series-leads-growth-but-high-end-model-preference-declines-analyst">Apple&#8217;s iPhone 16 Series Leads Growth, But High-End Model Preference Declines: Analyst</a>
<h2 class="wp-block-heading">Medium-Term Prospects Are Bullish, Says Apple Analyst</h2>
Despite these short-term adjustments, Chatterjee maintains a bullish outlook on the medium-term prospects for Apple. He asserts, "We continue to forecast aggregate volumes for the 16 Series over the next four quarters to track ahead of both the 15 and 14 Series," indicating a confidence that consumer appetite for AI-integrated features will ramp up once they become widely available.
<h2 class="wp-block-heading">Long-Term Upside Is Evident</h2>
The analyst's enthusiasm for the long-term potential is underpinned by expectations of a robust AI upgrade cycle. "We see upside in several aspects of the business&#8230; transformation of the company to Services, growth in the installed base, technology leadership, and optionality around capital deployment," he said
With this optimism, JPMorgan reiterates its price target for Apple at $265 by December 2025.
Investors might feel a pinch in the near term, as the excitement around AI upgrades may not translate into immediate sales.
But, as Chatterjee aptly puts it, "The slower start to the AI cycle than originally anticipated" is just a temporary roadblock to growth. The real treasure, he believes, lies just beyond the horizon as Apple continues to evolve and innovate.
While the iPhone 16 Series may not be breaking records just yet, the groundwork for a significant AI upgrade cycle is being laid, promising a future where Apple once again dazzles its fans and investors alike.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/10/41141152/cramer-says-hot-money-flowing-from-nvidia-apple-into-china-focus-on-alibaba-if-you-must">Cramer Says &#8216;Hot Money&#8217; Flowing From Nvidia, Apple Into China, Focus On Alibaba &#8216;If You Must&#8217;</a></li>
</ul>
Photo: Shutterstock

Analyst Color

AAPL

Apple Analyst Signals 'Slower Start To The AI Cycle' As iPhone 16 Demand Softens

Consumer Reports recently reviewed the Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Cybertruck and shared its likes and dislikes about the electric pickup truck that began consumer deliveries <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/36032944/cybertruck-delivery-event-elon-musk-highlights-teslas-best-product-says-finally-the">in November 2023.</a>
What Happened: Known for its unique design, the Cybertruck has<a href="https://www.benzinga.com/general/entertainment/24/03/37852639/tesla-cybertruck-the-new-celebrity-fashion-accessory-steve-aoki-big-sean-latest-to-own-ev"> attracted demand from celebrities</a> and fans of Tesla vehicles and CEO Elon Musk.
The vehicle has also sold well compared to other electric pickup trucks on the market, even though it has a higher price point than some.
In its review <a href="https://www.youtube.com/watch?v=Q49hsOZKKxU" target="_blank" rel="noopener">video</a>, Consumer Reports reviewer Alex Knizek points to steering as one of the features he liked the least about the Cybertruck. Knizek also said he disliked engaging the turn signal, which removed the rearview camera and replaced it with a blind spot camera.
The reviewer said one of his favorite parts is the giant windshield wiper. Knizek also highlighted that driving the Cybertruck was met with peace signs and thumbs up from nearby people, and the vehicle generated strong reactions that were mostly positive.
The Cybertruck&#8217;s review on the Consumer Reports <a href="https://www.consumerreports.org/cars/tesla/cybertruck/2024/road-test-report/#pagestop" target="_blank" rel="noopener">website </a>includes sections on power and braking, ride and handling, front visibility, comfort, and bed storage.
Speaking of the six-foot bed in the review video, Knizek said the Cybertruck is "even a pretty decent pickup truck."
The website review highlights several drawbacks of the Cybertruck, including limited visibility aside from the front, steering issues, camera performance, difficulty with cleaning, challenges in the delivery process, the price point, and the "usual Tesla shenanigans."
Did You Know?
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</ul>
Why It's Important: Most of the Cybertruck reviews to date have come from Tesla fans and influencers who waited a long time to get their hands on the vehicle. Many of these reviewers may already be fans of Tesla vehicles and slightly biased.
Consumer Reports is well-known for its reviews, and its mixed reviews of the Cybertruck may come off as positive for the Tesla electric pickup truck.
The review highlighted several features,, including Tesla&#8217;s technological advancements and how the Cybertruck still holds its own as a pickup truck despite what some consider a look that is anything but a truck.
TSLA Price Action: Tesla shares were down 3.4% to $249.02 on Wednesday, versus a 52-week trading range of $138.80 to $271.00. Tesla stock is trading nearly flat year-to-date in 2024.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41145803/tesla-q3-deliveries-step-in-the-right-direction-analyst-says-more-heavy-lifting-nee">Tesla Q3 Deliveries &#8216;Step In The Right Direction&#8217;: Analyst Says More &#8216;Heavy Lifting&#8217; Needed From Elon Musk To Turn Growth Story Around</a></li>
</ul>
Photo courtesy of Tesla.

TSLA

Tesla Cybertruck Is 'Pretty Decent Pickup Truck': Consumer Reports Review

Ciena (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) has outperformed the market over the past 10 years by 3.94% on an annualized basis producing an average annual return of 15.34%. Currently, Ciena has a market capitalization of $9.48 billion. 
Buying $1000 In CIEN: If an investor had bought $1000 of CIEN stock 10 years ago, it would be worth $4,062.77 today based on a price of $66.00 for CIEN at the time of writing.
<h3>Ciena's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727905022_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.

CIEN

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $4,100 Today

Accenture Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) shares moved higher Wednesday after the company announced it expanded its partnership with NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) to launch the <a href="https://www.benzinga.com/markets/equities/24/10/41142895/accenture-and-nvidia-team-up-to-supercharge-global-ai-adoption-details">Accenture NVIDIA Business Group. </a>
The Details: Accenture said the new Accenture Nvidia Business Group launched with 30,000 professionals receiving <a href="https://www.benzinga.com/pressreleases/24/10/b41138752/accenture-and-nvidia-lead-enterprises-into-era-of-ai">training globally</a> to help clients scale enterprise AI adoption with AI agents using Accenture&#8217;s AI Refinery developed on the NVIDIA AI stack.&nbsp;
The Accenture AI Refinery will be available on all public and private cloud platforms and will integrate with other Accenture Business Groups to accelerate AI across the SaaS and Cloud AI ecosystem.
Read Next: <a href="https://www.benzinga.com/news/24/10/41129365/what-happened-with-rivian-stock-today">What Happened With Rivian Stock Today?</a>
Wedbush tech analyst Dan Ives <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41151741/nvidias-ai-leadership-to-drive-1-trillion-market-growth-with-accenture-partnership-">cheered the new venture</a>, describing it as &#8220;the tip of the iceberg on the broader AI Revolution and demand adoption into 2025 and beyond.&#8221;
Ives also mentioned both companies <a href="https://x.com/DivesTech/status/1841495758047952990">in a post </a>on the social media platform X in which he described the partnership as the "AI Revolution taking hold."&nbsp;
Accenture shares are moving higher in Wednesday's extended trading after its CEO Julie Sweet and Nvidia CEO Jensen Huang appeared together on CNBC's Closing Bell Overtime program.&nbsp;
ACN Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Accenture shares are up 2.15% after-hours at $363.96 after climbing 1.20% in Wednesday's regular trading session.&nbsp;
Read Also:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41122476/whats-going-on-with-microstrategy-stock">What&#8217;s Going On With MicroStrategy Stock?</a></li>
</ul>
Photo: Courtesy of Accenture Plc

After-Hours Center

Movers

What Happened With Accenture Stock Today?

There was no serious damage to equipment and both facilities are resuming operations.

Clearwater Paper Says It Temporarily Suspended Operations At Its Augusta, Georgia Paperboard Facility And Its Shelby, North Carolina Tissue Facility Due To Impacts From Hurricane Helene

Today, the Company issued 46.349 million shares of its Class A common stock at a public offering price of&nbsp;$8.63&nbsp;per share, for a total offering of&nbsp;$400 million.
Wes Edens, Chairman and CEO of New Fortress Energy, purchased 5.79 million shares, totaling ~$50 million&nbsp;of the offering, at the public offering price.
Additionally, on October 1, 2024, the Company entered into a Transaction Support Agreement with certain of its existing noteholders.

Offerings

New Fortress Energy Reveals Two Transformative Debt And Equity Transactions Totaling Approximately $3B Upon Completion

Novagold Resources (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NG#AMEX">NG</a>) reported quarterly losses of $(0.03) per share. This is unchanged from the same period last year.

Earnings

Novagold Resources Q3 2024 GAAP EPS $(0.03), Same YoY

As Rockstar Games&#8216; next installment in the Grand Theft Auto series gets closer to its anticipated release window, excitement around the title is as high as it&#8217;s ever been — <a href="https://www.benzinga.com/general/entertainment/24/06/39555552/rockstar-games-co-founder-reveals-why-gta-movie-never-made-sense">for most</a>.
What To Know: Fans of the series appear to have gotten another sneak peek at what&#8217;s coming in Grand Theft Auto VI (GTA 6).
According to a GamingBible<a href="https://www.gamingbible.com/news/gta-6-leaked-gameplay-screenshot-033212-20241002"> report</a>, X account &#8220;GTA 6 Countdown&#8221; recently shared a series of leaks, including an AI-generated image that sent fans into a frenzy.
Rockstar Games has a long history of leaks, so the latest reveal shouldn&#8217;t come as a surprise. But this particular leak is getting a lot of attention: Rockstar Games parent company Take-Two Interactive Software Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) sent a Digital Millennium Copyright Act notice to the X creator on Tuesday, forcing the user to take down the image.
Several GTA 6 fans speculated that the image might have been an actual screenshot of the gameplay given Take-Two&#8217;s response to the post before one X user noticed it was an enhanced version of an earlier gameplay screenshot released in 2022.
Another fan suggested that the image was a concept created with <a href="http://benzinga.com/topic/ai">AI</a> and that Take-Two&#8217;s system likely mistook the image for a leaked screenshot.
<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">This leak has been pretty much confirmed, as we just received a DMCA takedown from Rockstar's parent company, Take-Two. <a href="https://t.co/sxrlKzPT0w">https://t.co/sxrlKzPT0w</a>
&mdash; GTA 6 Countdown &#x23f3; (@GTAVI_Countdown) <a href="https://twitter.com/GTAVI_Countdown/status/1841041117548011826?ref_src=twsrc%5Etfw">October 1, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
All of the excitement surrounding potential leaks comes as Rockstar Games gears up to release the second trailer for GTA 6 on Oct. 4. 
The game itself is expected to be released in the fall of 2025, as announced in the<a href="https://www.benzinga.com/general/gaming/23/12/36119465/gta-6-trailer-breaks-records-surpasses-108-million-views-in-less-than-48-hours-outshining-predeces"> first trailer</a> for the highly-anticipated game. 
The original trailer set a 24-hour viewership record for YouTube video game reveals and had more than 100 million views within 48 hours. Interestingly enough, the first trailer leaked a day ahead of its planned release.
See Also:<a href="https://www.benzinga.com/general/gaming/24/10/41127513/final-fantasy-16-on-xbox-square-enix-hints-at-a-possible-release"> Final Fantasy 16 On Xbox? Square Enix Hints At A Possible Release</a>
GTA 6 may very well be the most anticipated video game release of all time, but not for X owner Elon Musk.
In an X post from late 2023 shortly after the first GTA 6 trailer was released, Musk noted that he once tried to play the game, but &#8220;didn&#8217;t like doing crime.&#8221;
&#8220;GTA5 required shooting police officers in the opening scene. Just couldn't do it,&#8221; Musk said in the <a href="https://x.com/elonmusk/status/1731894072300699768?lang=en">post</a>.
<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">Tried, but didn't like doing crime. GTA5 required shooting police officers in the opening scene. Just couldn't do it.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1731894072300699768?ref_src=twsrc%5Etfw">December 5, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The Grand Theft Auto series is known for violence and plot lines focused on organized crime. Rockstar Games has sold more than <a href="https://www.benzinga.com/general/gaming/24/05/38900608/gta-5-surpasses-200-million-copies-sold-only-two-games-have-outsold-it#">200 million copies</a> of Grand Theft Auto V since it was released in 2013. 
Although Musk isn&#8217;t a fan of the game, he&#8217;s no stranger to gaming. The eccentric billionaire <a href="https://www.benzinga.com/general/gaming/23/08/33610477/elon-musk-lover-of-video-games-has-praise-for-this-record-breaking-title-and-its-not-elden-ring">made several posts</a> in 2022 on X, then-Twitter, about popular game&nbsp;Elden Ring. He also praised the creators of Diablo IV last year, calling it a &#8220;great&#8221; game.
Musk has made a push to get more gamers to livestream on X over the past year and recently began sponsoring gamers on the X platform through <a href="https://x.com/XGaming">X Gaming</a>. 
X Gaming made a <a href="https://x.com/XGaming/status/1834412970811728126">post</a> last month highlighting a new deal with some of the world&#8217;s top streamers. 
&#8220;Whatever feedback they have, we will build it,&#8221; X Gaming said. &#8220;More coming soon!&#8221;
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/09/40905542/could-gta-6-be-pushed-to-2026-insights-from-former-rockstar-insider">Could GTA 6 Be Pushed To 2026? Insights From Former Rockstar Insider</a></li>
</ul>
Image: courtesy of Take-Two Interactive Software.

Gaming

General

TTWO

Grand Theft Auto 6 Leak Sparks Fan Frenzy On X, But Elon Musk Won't Be  Joining The Hype

In addition, Hambly will become a member of the Board of Directors. Jenkins will retire from the Board on December 31, 2024. He will remain with Murphy in a non-executive role as an advisor until his retirement on December 31, 2025.

Management

Murphy Oil Appoints Eric Hambly To Succeed Roger Jenkins As President And CEO, Effective January 1, 2025

Quantum Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) reported quarterly losses of $(0.06) per share. This is a 50 percent increase over losses of $(0.12) per share from the same period last year. The company reported quarterly sales of $183.00 thousand which missed the analyst consensus estimate of $200.00 thousand by 8.50 percent.&nbsp;

Earnings Misses

QUBT

Quantum Computing Q2 2024 GAAP EPS $(0.06) Up From $(0.12) YoY, Sales $183.00K Miss $200.00K Estimate

In the last three months, 8 analysts have published ratings on Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>), offering a diverse range of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous 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;">3</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;">0</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>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;">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>3M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Avery Dennison and provided 12-month price targets. The average target is $250.82, accompanied by a high estimate of $274.60 and a low estimate of $235.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 0.02%. 
<img src="https://www.benzinga.com/files/images/story/2024/1727902961_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of Avery Dennison among financial experts becomes clear 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>Anthony Pettinari</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$240.00</td>
<td>$241.00</td>
</tr>
<tr>
<td>John McNulty</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$252.00</td>
<td>$254.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$235.00</td>
<td>$262.00</td>
</tr>
<tr>
<td>John McNulty</td>
<td>BMO Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$254.00</td>
<td>$256.00</td>
</tr>
<tr>
<td>Michael Roxland</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$258.00</td>
<td>$253.00</td>
</tr>
<tr>
<td>Joshua Spector</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$252.00</td>
<td>$260.00</td>
</tr>
<tr>
<td>Lars Kjellberg</td>
<td>Stifel</td>
<td>Announces</td>
<td>Buy</td>
<td>$274.60</td>
<td>-</td>
</tr>
<tr>
<td>Anthony Pettinari</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$241.00</td>
<td>$230.00</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 Avery Dennison. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Avery Dennison compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Avery Dennison's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Avery Dennison's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/AVY/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Avery Dennison analyst ratings.</a>
<h2>All You Need to Know About Avery Dennison</h2>
Avery Dennison manufactures pressure-sensitive materials, merchandise tags, and labels. The company also runs a specialty converting business that produces radio-frequency identification, or RFID, inlays and labels. Avery Dennison draws a significant amount of revenue from outside the United States, with international operations accounting for the majority of total sales.
<h3>Avery Dennison: Delving into Financials</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Avery Dennison's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 6.93%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Materials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 7.91%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Avery Dennison's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 7.87%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Avery Dennison's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 2.14%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Avery Dennison's debt-to-equity ratio is below the industry average at 1.41, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

In-Depth Examination Of 8 Analyst Recommendations For Avery Dennison

Terms of the settlement agreement include cases in both the&nbsp;Rhode Island&nbsp;consolidated litigation and the federal multidistrict litigation in&nbsp;Ohio.&nbsp;
The aggregate amount payable pursuant to this settlement is within the company&#39;s current product litigation reserve for this matter and will be paid out over a multi-year period.
As a result, the settlement amount is already recorded as a liability within BD&#39;s consolidated balance sheet and the agreement will not result in an incremental charge to the company&#39;s consolidated income statement. BD believes this agreement is in the best interest of all parties and is structured to eliminate uncertainty for all stakeholders related to the settled cases. &nbsp;The hernia mass tort litigation represents a large majority of BD&#39;s total product litigation reserve.

Legal

BD Reaches Agreement To Resolve Vast Majority Of Its Existing Hernia Litigation, Terms Confidential; Expects Settlement Not To Change Cash Flow Goals Or Capital Allocation Strategy

14 analysts have expressed a variety of opinions on Goldman Sachs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving 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;">1</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">4</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;">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>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $512.43, a high estimate of $577.00, and a low estimate of $373.00. Witnessing a positive shift, the current average has risen by 7.36% from the previous average price target of $477.29.
<img src="https://www.benzinga.com/files/images/story/2024/1727902928_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The standing of Goldman Sachs Gr among financial experts is revealed through an in-depth exploration 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>Chris Kotowski</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$577.00</td>
<td>$548.00</td>
</tr>
<tr>
<td>Kian Abouhossein</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$472.00</td>
<td>$464.00</td>
</tr>
<tr>
<td>Betsy Graseck</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$561.00</td>
<td>$513.00</td>
</tr>
<tr>
<td>Gerard Cassidy</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Sector Perform</td>
<td>$500.00</td>
<td>$500.00</td>
</tr>
<tr>
<td>James Fotheringham</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$373.00</td>
<td>$360.00</td>
</tr>
<tr>
<td>Mike Mayo</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$550.00</td>
<td>$504.00</td>
</tr>
<tr>
<td>Keith Horowitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$485.00</td>
<td>$460.00</td>
</tr>
<tr>
<td>Jason Goldberg</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$565.00</td>
<td>$493.00</td>
</tr>
<tr>
<td>Glenn Schorr</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$520.00</td>
<td>$475.00</td>
</tr>
<tr>
<td>Kian Abouhossein</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$464.00</td>
<td>$461.00</td>
</tr>
<tr>
<td>Gerard Cassidy</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$500.00</td>
<td>$435.00</td>
</tr>
<tr>
<td>Chris Kotowski</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$559.00</td>
<td>$504.00</td>
</tr>
<tr>
<td>Betsy Graseck</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$513.00</td>
<td>$475.00</td>
</tr>
<tr>
<td>Brennan Hawken</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$535.00</td>
<td>$490.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Goldman Sachs Gr. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Goldman Sachs Gr compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Goldman Sachs Gr's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Goldman Sachs Gr's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/GS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Goldman Sachs Gr analyst ratings.</a>
<h2>About Goldman Sachs Gr</h2>
Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services. Around 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.
<h3>Understanding the Numbers: Goldman Sachs Gr's Finances</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Goldman Sachs Gr displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 16.85%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Financials sector.
Net Margin: Goldman Sachs Gr's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 22.71% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 2.7%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Goldman Sachs Gr's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.17%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Goldman Sachs Gr's debt-to-equity ratio stands notably higher than the industry average, reaching 3.15. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: Simplified</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
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>.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Outlook: Goldman Sachs Gr Through The Eyes Of 14 Analysts

Stanley Black &amp; Decker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>) has been analyzed by 9 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over 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;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">1</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;">0</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>1M Ago</td>
<td style="text-align: right;">0</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>
</tr>
<tr>
<td>2M Ago</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;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Stanley Black &amp; Decker, presenting an average target of $99.44, a high estimate of $121.00, and a low estimate of $85.00. Observing a 11.88% increase, the current average has risen from the previous average price target of $88.88. 
<img src="https://www.benzinga.com/files/images/story/2024/1727902908_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The perception of Stanley Black &amp; Decker by financial experts is analyzed through recent analyst actions. 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>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$100.00</td>
<td>$96.00</td>
</tr>
<tr>
<td>Chris Snyder</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Equal-Weight</td>
<td>$107.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Rehaut</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$88.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$96.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Timothy Wojs</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$94.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Joseph O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$110.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Chris Snyder</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$121.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Joe Ritchie</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$94.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Joseph O'Dea</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$85.00</td>
<td>$92.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Stanley Black &amp; Decker. This offers insight into 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 Stanley Black &amp; Decker compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Stanley Black &amp; Decker's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Stanley Black &amp; Decker's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/SWK/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Stanley Black &amp; Decker analyst ratings.</a>
<h2>Delving into Stanley Black &amp; Decker's Background</h2>
Stanley Black &amp; Decker Inc is a manufacturer of hand and power tools. The company operates in two reportable segments namely Tools and Outdoor and Industrial. It generates maximum revenue from the Tools and Outdoor segment. The Tools and Outdoor segment is comprised of the Power Tools Group (PTG), Hand Tools, Accessories and Storage (HTAS), and Outdoor Power Equipment (Outdoor) businesses. Geographically, the company generates revenue from the United States, Canada, Other Americas, Europe, and Asia. It derives a majority of its revenue from the United States.
<h3>Understanding the Numbers: Stanley Black &amp; Decker's Finances</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Negative Revenue Trend: Examining Stanley Black &amp; Decker's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -3.23% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -0.28%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Stanley Black &amp; Decker's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -0.13%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Stanley Black &amp; Decker's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.05%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Stanley Black &amp; Decker's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.76, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Basics of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Outlook: Stanley Black & Decker Through The Eyes Of 9 Analysts

6 analysts have expressed a variety of opinions on Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous 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;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</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;">0</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>1M Ago</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>
<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;">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>3M Ago</td>
<td style="text-align: right;">2</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>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $208.5, with a high estimate of $221.00 and a low estimate of $187.00. This current average has increased by 5.3% from the previous average price target of $198.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1727902876_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
A clear picture of Packaging Corp of America'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>Anthony Pettinari</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$221.00</td>
<td>$199.00</td>
</tr>
<tr>
<td>Gabe Hajde</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$215.00</td>
<td>$194.00</td>
</tr>
<tr>
<td>Michael Roxland</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$219.00</td>
<td>$215.00</td>
</tr>
<tr>
<td>Michael Roxland</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$215.00</td>
<td>$208.00</td>
</tr>
<tr>
<td>Gabe Hajde</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$194.00</td>
<td>$191.00</td>
</tr>
<tr>
<td>Anthony Pettinari</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$187.00</td>
<td>$181.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Packaging Corp of America. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Packaging Corp of America compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Packaging Corp of America's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Packaging Corp of America's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PKG/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Packaging Corp of America analyst ratings.</a>
<h2>Get to Know Packaging Corp of America Better</h2>
Packaging Corp of America is the third-largest containerboard and corrugated packaging manufacturer in the United States. It produces over 4.5 million tons of containerboard annually. The company's share of the domestic containerboard market is roughly 10%. The firm differentiates itself from larger competitors by focusing on smaller customers and operating with a high degree of flexibility.
<h3>Financial Insights: Packaging Corp of America</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Growth: Packaging Corp of America displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 6.31%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Materials sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Packaging Corp of America's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 9.52%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Packaging Corp of America's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 4.84%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 2.21%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.77.
<h2>The Basics of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings For Packaging Corp of America

Throughout the last three months, 11 analysts have evaluated Trane Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TT#NYSE">TT</a>), offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous 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;">4</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">3</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;">1</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;">0</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>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Trane Technologies, presenting an average target of $363.55, a high estimate of $425.00, and a low estimate of $310.00. Observing a 4.86% increase, the current average has risen from the previous average price target of $346.70. 
<img src="https://www.benzinga.com/files/images/story/2024/1727902850_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The standing of Trane Technologies among financial experts becomes clear 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>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$425.00</td>
<td>$394.00</td>
</tr>
<tr>
<td>Chris Snyder</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Overweight</td>
<td>$425.00</td>
<td>-</td>
</tr>
<tr>
<td>Joe O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Underweight</td>
<td>$320.00</td>
<td>$315.00</td>
</tr>
<tr>
<td>Tommy Moll</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Equal-Weight</td>
<td>$350.00</td>
<td>$350.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$394.00</td>
<td>$385.00</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$350.00</td>
<td>$334.00</td>
</tr>
<tr>
<td>Gabe Hajde</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Underweight</td>
<td>$315.00</td>
<td>$310.00</td>
</tr>
<tr>
<td>Timothy Wojs</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$365.00</td>
<td>$360.00</td>
</tr>
<tr>
<td>Timothy Wojs</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$360.00</td>
<td>$344.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$385.00</td>
<td>$380.00</td>
</tr>
<tr>
<td>Gabe Hajde</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Underweight</td>
<td>$310.00</td>
<td>$295.00</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 Trane Technologies. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Trane Technologies compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Trane Technologies's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Trane Technologies's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/TT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Trane Technologies analyst ratings.</a>
<h2>About Trane Technologies</h2>
Trane Technologies manufactures and services commercial and residential HVAC systems and transportation refrigeration solutions under its prominent Trane, American Standard, and Thermo King brands. The $18 billion company generates approximately 70% of sales from equipment and 30% from parts and services. While the firm is domiciled in Ireland, North America accounts for over 70% of its revenue.
<h3>Trane Technologies: Financial Performance Dissected</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Positive Revenue Trend: Examining Trane Technologies's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 12.81% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: Trane Technologies's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 14.23%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Trane Technologies's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 10.92% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Trane Technologies's ROA excels beyond industry benchmarks, reaching 3.82%. This signifies efficient management of assets and strong financial health.
Debt Management: Trane Technologies's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.76.
<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.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Critical Insights From Trane Technologies Analyst Ratings: What You Need To Know

Pivotal starts bullishly on tech behemoths Google and Meta

Can Big Tech's AI Ambitions Continue To Drive Markets Higher?

Digital advertising industry is well-positioned for significant growth due to increasing use of digital platforms and increase in digital ad spending this year. Hence, it could be wise to buy leading digital advertising stocks, Alphabet (GOOGL), Meta Platforms (META), and The Trade Desk (TTD) as ad budgets rebound. Read more... The growth of digital advertising is driven by global internet access, increasing smartphone usage, and the rise of e-commerce, which businesses use to boost brand visibility and traffic. Therefore, we look into sound digital advertising stocks, such as Alphabet Inc. (<a href="https://stocknews.com/stock/GOOGL/">GOOGL</a>), Meta Platforms, Inc. (<a href="https://stocknews.com/stock/META/">META</a>), and The Trade Desk, Inc. (<a href="https://stocknews.com/stock/TTD/">TTD</a>).
The proliferation of the internet is a fundamental driver of digital advertising growth. As more people gain access to the internet globally, the potential reach of advertising expands.
According to the <a href="https://onaudience.com/global-ad-spend-surge-across-markets">latest mid-year forecasts from IMF data</a>, global advertising expenditure is projected to grow by 5%, reaching $754.40 billion, in 2024. This increase will outstrip the expected 3.2% rise in global GDP. This is also a significant rebound from the time when companies were compelled to <a href="https://www.forbes.com/sites/bethkindig/2023/01/27/ad-budgets-set-to-slow-even-more-in-2023/">cut their ad budgets</a> due to a tough macroeconomic environment.
Additionally, the growth of e-commerce has played a pivotal role in driving digital advertising. Businesses leverage digital channels to promote online marketplaces, enhance brand visibility, and drive traffic to e-commerce platforms. The global digital advertising market is expected to grow at a <a href="https://www.grandviewresearch.com/industry-analysis/digital-advertising-market-report">CAGR of 15.5%</a> by 2030.
Thus, keeping the immense potential of digitization in mind, let us dig deeper into the fundamentals of the leading companies in the digital advertising space:
Alphabet Inc. (<a href="https://stocknews.com/stock/GOOGL/">GOOGL</a>)
GOOGL is the powerhouse behind a spectrum of tech innovations and platforms worldwide. Its segments, spanning Google Services; Google Cloud; and Other Bets; cater to diverse digital needs and aspirations.
GOOGL's trailing-12-month EBIT margin of 31.03% is 241.4% higher than the industry average of 9.09%. Its trailing-12-month Return on Total Capital of 20.34% is 454.2% higher than the industry average of 3.67%. Also, its 13.40% trailing-12-month levered FCF margin is 68.3% higher than the industry average of 7.96%.
During the second quarter, which ended June 30, 2024, GOOGL saw robust growth, with revenues rising 13.6% year-over-year to $84.74 billion. Income from operations surged by 25.8% from the year-ago quarter to $27.43 billion, while <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> soared to $23.62 billion, marking a 28.6% increase from the prior year's quarter. Earnings per share for Class A, B, and C stock reached $1.91, up by 31.7% year-over-year.
For the quarter ending September 24, GOOGL's revenue is expected to increase 12.5% year-over-year to $86.27 billion. Its EPS is expected to grow 18.5% year-over-year to $1.84. Moreover, the company surpassed the consensus revenue and EPS estimates in each of the trailing four quarters, which is impressive.
GOOGL's stock has soared 24.6% over the past year to close the last trading session at $162.29.
GOOGL's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this positive outlook. It has an overall B rating, which translates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
The stock has a B grade for Sentiment, Stability, and Quality. It is ranked #12 in the 51-stock B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry.
Beyond what is stated above, we've also rated GOOGL for Momentum, Growth, and Value. Get all GOOGL ratings <a href="https://stocknews.com/stock/GOOGL/">here</a>.
Meta Platforms, Inc. (<a href="https://stocknews.com/stock/META/">META</a>)
META engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs.
META's trailing-12-month EBIT margin of 41.21% is 353.4% higher than the industry average of 9.09%. Its trailing-12-month Return on Total Capital of 21.10% is 474.8% higher than the industry average of 3.67%. Also, its 21.37% trailing-12-month levered FCF margin is 168.4% higher than the industry average of 7.96%.
For the second quarter that ended June 30, 2024, META's revenue increased 22% year-over-year to $39.07 billion. The company's net income came in at $13.47 billion or $5.16 per share, up 73% from the previous year's quarter.
Analysts expect META's revenue and EPS for the third quarter (ending September 2024) to increase 17.6% and 19.9% year-over-year to $40.17 billion and $5.26, respectively. Also, the company has topped the consensus revenue and EPS estimates in all of the trailing four quarters.
META's shares have gained 10.6% over the past six months and 88.4% over the past year to close the last trading session at $563.33.
META's solid fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system.
It has an A grade for Quality and Sentiment. The stock is ranked #18 in the Internet industry.
<a href="https://stocknews.com/stock/META/">Click here</a> to access the additional META ratings (Value, Momentum, and Stability).
The Trade Desk, Inc. (<a href="https://stocknews.com/stock/TTD/">TTD</a>)
TTD operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels. 
TTD's trailing-12-month EBIT margin of 14.05% is 54.5% higher than the industry average of 9.09%. Its trailing-12-month Return on Total Capital of 7.65% is 108.3% higher than the industry average of 3.67%. Also, its 25.24% trailing-12-month levered FCF margin is 217% higher than the industry average of 7.96%.
During the second quarter, which ended June 30, 2024, TTD saw robust growth, with revenue rising 13.6% year-over-year to $585 million. Adjusted EBITDA surged by 34.4% from the year-ago quarter to $242 million, while its non-GAAP net income soared to $197 million, marking a 41.7% increase from the prior year's quarter. Non-GAAP earnings per share reached $0.39, up by 39.3% year-over-year.
For the quarter ending September 24, TTD's revenue is expected to increase 25.6% year-over-year to $619.57 million. Its EPS is expected to grow 19.1% year-over-year to $0.39. Moreover, the company surpassed the consensus revenue estimates in each of the trailing four quarters, which is impressive.
TTD's stock has soared 30.3% over the past six months to close the last trading session at $110.79.
TTD's POWR Ratings reflect its prospects. The stock has an A grade for Growth and Quality and a B for Sentiment.
Beyond what is stated above, we've also rated TTD for Momentum, Stability, and Value. Get all TTD ratings <a href="https://stocknews.com/stock/TTD/">here</a>.  
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
<a href="https://report.stocknews.com/sign-up/stock-market-outlook-2024/?formplacement=artbotad_smo24_rep">2024 Stock Market Outlook &gt;</a>
<hr />
GOOGL shares were trading at $161.43 per share on Wednesday afternoon, down $0.86 (-0.53%). Year-to-date, GOOGL has gained 15.85%, versus a 21.08% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/googl-meta-ttd-3-digital-advertising-stocks-to-buy-as-ad-budgets-rebound/>3 Digital Advertising Stocks to Buy as Ad Budgets Rebound</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Digital Advertising Stocks to Buy as Ad Budgets Rebound

Social media has transformed the internet by personalizing experiences and boosting innovation in marketing and sales. With AI advancements and high-speed internet driving rapid growth, investing in social media stocks like Pinterest (PINS) and Meta Platforms (META) with long-term potential could be a savvy choice. Keep reading... The internet sector is booming, with social media trends driving massive traffic, influencer-led brand growth, and integrated shopping features. As social media continues to grow, investing in social media stocks with strong long-term potential, such as Pinterest, Inc. (<a href="https://stocknews.com/stock/PINS/">PINS</a>) and Meta Platforms, Inc. (<a href="https://stocknews.com/stock/META/">META</a>) could be a smart move now.
Social media is emerging as a leading tool for instant customer service, with AI-powered content creation enhancing efficiency and boosting engagement. These innovations are reshaping how businesses and consumers interact online, transforming the overall internet experience. Hence, the global internet service market is expected to reach $766.08 billion by 2032, growing at a <a href="https://www.businessresearchinsights.com/market-reports/internet-service-market-104518">4.4% CAGR</a>.
Moreover, the future of social media looks promising, driven by rapid innovations in social commerce integration, AR technology, and the rise of platforms. The influencer landscape is evolving, supported by internet expansion and faster connectivity in new regions. The social media market is projected to grow to $413.16 million by 2028, with a <a href="https://www.thebusinessresearchcompany.com/report/social-media-global-market-report">CAGR of 13.2%</a>.
Considering these conducive trends, let's look at the fundamentals of the two above-mentioned <a href="https://stocknews.com/category/internet/">Internet</a> stocks, beginning with number two.
Stock #2: Pinterest, Inc. (<a href="https://stocknews.com/stock/PINS/">PINS</a>)
PINS operates as a visual search and discovery platform internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop for the ideas.
In terms of its trailing-12-month Return on Total Assets, PINS' 5.12% is 310.5% higher than the 1.25% industry average. Likewise, its 23.34% trailing-12-month levered FCF margin is 192.6% higher than the 7.98% industry average. Furthermore, the stock's 0.96x trailing-12-month <a href="https://www.investopedia.com/terms/a/assetturnover.asp">asset turnover ratio</a> is 93.6% higher than the 0.50x industry average.
During the second quarter ended June 30, 2024, PINS' revenue increased 20.6% year-over-year to $853.68 million. Its non-GAAP net income came in at $207.16 million and $0.29 per share, up 45.8% and 38.1% year-over-year, respectively. Furthermore, the company's adjusted EBITDA rose 68.1% over the prior-year quarter to $179.91 million.
For the quarter ending September 30, 2024, PINS' EPS and revenue are expected to increase 22.9% and 17.4% year-over-year to $0.34 and $895.88 million, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, PIN's stock has gained 13.4% to close the last trading session at $30.55.
PINS' bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has an A grade for Growth and a B for Quality. It is ranked #19 out of 53 stocks in the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry. To access the additional grades of PINS for Value, Momentum, Stability, and Sentiment, <a href="https://stocknews.com/stock/PINS/">click here</a>.
Stock #1: Meta Platforms, Inc. (<a href="https://stocknews.com/stock/META/">META</a>)
META engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs.
In terms of the trailing-12-month EBIT margin, META's 41.21% is 354.5% higher than the 9.07% industry average. Its 34.34% trailing-12-month net income margin is considerably higher than the 3% industry average. Likewise, the stock's 19.28% trailing-12-month Capex / Sales is 448.9% higher than the 3.51% industry average.
META's revenue for the second quarter ended June 30, 2024, increased 22.1% year-over-year to $39.07 billion. Its income from operations grew 58.1% from the previous year's quarter to $14.85 billion. For the same period, the company's net income amounted to $13.47 billion, or $5.16 per share, up 72.9% and 73.2%, respectively, over the prior-year quarter.
Street expects META's EPS and revenue for the quarter ending September 30, 2024, to increase 19.9% and 17.6% year-over-year to $5.26 and $40.17 billion, respectively. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past nine months, the stock has gained 62.5% to close the last trading session at $567.45.
META's POWR Ratings reflect a solid outlook. It has an overall rating of B, which translates to a Buy in our proprietary rating system.
It is ranked #17 in the Internet industry. It has an A grade for Sentiment and Quality. <a href="https://stocknews.com/stock/META/">Click here</a> to see META's Growth, Value, Momentum, and Stability ratings.
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META shares were trading at $564.57 per share on Monday afternoon, up $3.22 (+0.57%). Year-to-date, META has gained 59.98%, versus a 20.50% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/meta-pins-2-social-media-stocks-with-strong-long-term-potential/>2 Social Media Stocks With Strong Long-Term Potential</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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