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Block's Bullish Stance With Cost-Savvy Moves Spark Analysts' Confidence In 2026 'Rule Of 40' Goal
Friday, November 3, 2023 - 11:02am | 737Shares of Block Inc (NYSE: SQ) were spiking higher on Friday, following the company's third-quarter earnings report. The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release. Canaccord Genuity On Block Analyst Joseph Vafi reiterated a...
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Canaccord Genuity Bullish On MicroStrategy Citing Bitcoin Success Despite Volatility
Thursday, November 2, 2023 - 10:17am | 752MicroStrategy Incorporated (NASDAQ: MSTR) has been given a robust share price target of $554 by equity research firm Canaccord Genuity, predicated on the company's strategic decision to adopt Bitcoin (CRYPTO: BTC) as its primary treasury reserve asset. The move saw the enterprise...
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Aurora And Curaleaf Cannabis Companies Each Close Multi-Million Dollar Funding Deals
Tuesday, October 3, 2023 - 10:46am | 472Two cannabis giants each closed their respective funding deals on Tuesday. Canadian Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) closed its previously announced bought deal offering of 53,187,500 common shares of the company at CA$0.73 per offered security for aggregate gross proceeds to...
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EXCLUSIVE: The Metrics That Matter — Or How To Understand The Value Of Cannabis Companies
Thursday, September 28, 2023 - 1:35pm | 870Cannabis companies led by teams who understand the importance of cash flow and how to work a balance sheet while keeping things "lean and mean" are "going to be the winners." That's according to Jessica Straw, EIR director at Progress Partners, who joined the Benzinga...
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Curaleaf Ready To Raise CA$16.2M With Securities Offering
Thursday, September 28, 2023 - 1:12pm | 452Curaleaf Holdings Inc (CSE: CURA) (OTCQX: CURLF) announced on Thursday the pricing of its previously announced marketed offering of its subordinate voting shares at CA$6 ($4.43) per security. What Happened: Canaccord Genuity, which is acting as the sole underwriter and bookrunner, agreed to...
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Aurora Stock Plunges On $25M Bought Deal To Repay Convertible Debt
Thursday, September 28, 2023 - 11:18am | 417Canadian cannabis giant Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) entered into an agreement under which Canaccord Genuity has agreed to buy, on a bought deal basis, 46.25 million company shares at a price of CA$0.73 ($0.54) per share, for aggregate gross proceeds...
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Zscaler Breaks Through Market Challenges With Impressive FQ4, Earns Analyst Applause
Wednesday, September 6, 2023 - 12:00pm | 610Shares of Zscaler Inc (NASDAQ: ZS) got the attention of investors on Wednesday, along with four other stocks. The results came amid an exciting earnings season. Here are some key analyst takeaways from Zscaler’s earnings release. Canaccord Genuity On Zscaler Analyst Michael Walkley maintained...
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Grayscale's Bitcoin ETF Ruling Shifts Sands Of Crypto Regulation: 3 Analysts Weigh In
Wednesday, August 30, 2023 - 11:13am | 693The U.S. could soon have its first Bitcoin (CRYPTO: BTC) spot exchange-traded fund (ETF). The news is bound to be a major topic of discussion at Benzinga’s Future of Digital Assets event in New York City on Nov. 14, 2023. In addition to staying up-to-date on trends like artificial...
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BILL Holdings' Q4 Results: 6 Analysts Respond To Macro Headwinds Impacting Revenue Projections
Friday, August 18, 2023 - 11:06am | 701Shares of BILL Holdings Inc (NYSE: BILL) rose in early trading on Friday, amid big moves by Information Technology stocks. The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release. Mizuho Securities On BILL Holdings Analyst Siti Panigrahi...
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Coinbase Shares Dip Despite Earnings Beat: Analysts Mixed On Future Prospects
Friday, August 4, 2023 - 11:17am | 555Coinbase Global Inc (NASDAQ:COIN) shares were trading slightly lower on Friday after the company issued earnings on Thursday. The cryptocurrency platform, currently under U.S. regulatory scrutiny, reported a loss of 42 cents per share, which beat the expected 78 cent loss, on revenues of $707.09...
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How Rivian Became Analysts' Darling: All Upsides Of Tesla, Minus The Risks?
Monday, July 31, 2023 - 2:04am | 743Rivian Automotive, Inc‘s (NASDAQ:RIVN) standing among sell-side firms has improved notably, particularly after the company reported its second-quarter deliveries. A slew of analysts upped their price target for the shares of the electric vehicle startup. An analyst, who announced...
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Rivian Automotive Posts Strong Q2 Production; Analysts Optimistic About Future Targets
Wednesday, July 5, 2023 - 12:07pm | 408Rivian Automotive Inc (NASDAQ: RIVN) was among the EV makers to report strong second-quarter production and deliveries. Here’s a look at some key analyst takeaways. Truist Securities On Rivian Automotive Analyst Jordan Levy maintained a Buy rating and price target of $28. Rivian Automotive...
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How To Ride The Growing Autonomous Vehicles Market: Analyst Covers Mobileye, Aurora
Wednesday, June 7, 2023 - 12:22pm | 451Tesla Inc (NASDAQ: TSLA) and Apple Inc (NASDAQ: AAPL) are the bigwigs driving innovation in autonomous vehicles (AVs). However, there are plenty of other interesting names that offer investors attractive entry points. The Autonomous Vehicles Analyst: Canaccord Genuity's George Gianarikas...
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Cramer Says Shocked DoJ 'Avoided Going After Binance' After SEC's Coinbase Lawsuit
Wednesday, June 7, 2023 - 8:42am | 408Coinbase Global, Inc. (NYSE:COIN) shares shed 12% on Tuesday after the SEC filed a broad-based lawsuit against the cryptocurrency exchange, alleging that many parts of its business violate securities laws. What Happened: CNBC "Mad Money" host Jim Cramer on Wednesday took to Twitter to offer his...
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How Are Cannabis Industry Titans Driving Profits As Consumer Spending Falls?
Wednesday, May 31, 2023 - 4:42pm | 856Canadian licensed producers, leading U.S. multi-state operators (MSOs), private-sector operators, cannabis retailers, international exporters, accessory manufacturers and other cannabis-focused financial companies all got red-carpet treatment in the Big Apple at Canaccord Genuity's 7th...