The Latest Breaking News from Benchmark

Automakers and suppliers are rushing to establish new battery manufacturing facilities. Total lithium-ion capacity has doubled since the beginning of 2021.

Upgrades

HSBC analyst Charlene Liu cut the price target on Baidu Inc (NASDAQ:BIDU) to $180 from $195 (31.3% upside) and kept a Buy rating on the shares.  The analyst now assumes a worse impact from COVID-19 on the company's core ad and cloud businesses and margins, seeing a recovery only in Q4. Liu reduced the price…

UBS analyst Lloyd Walmsley raised the price target on Meta Platforms Inc (NASDAQ:FB) to $300 from $280 and kept a Buy rating on the shares. The price target implies an upside of 29.4%. The impact of the Russia-Ukraine war is more than offset by the company's lower operating expense estimates. Also Read: From 'Facebook' To 'Meta,' 'Facebookers' To…

This article was originally published on Grand Cardone TV and appears here with permission. Is influencer marketing effective? More and more companies are starting to think so.

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google decided to allow Spotify Technology SA (NYSE:SPOT) and other app developers to offer users an alternative third-party payment option alongside Google Play's option. KeyBanc analyst Justin Patterson saw the move as a win for digital content providers.  He viewed alternative payment options as a happy compromise that calmed regulators and…

Companies today are talking a great deal about decarbonisation and, for many, it has increasingly become a top priority

Expeditors International of Washington Inc (NASDAQ:EXPD) was initiated with a Hold rating by Benchmark analyst Christopher Kuhn. The analyst calls the company a "high-quality freight forwarder" that has taken benefit of the strong growth in the freight forwarding market. Kuhn expects Expeditors' revenue and operating margins to revert to normal levels as tight capacity in…

Lightning Emotors Inc (NYSE:ZEV) price target has been lowered to $9 (an upside of 91.7%) from $14 by Benchmark. Analyst Michael Ward reduced the price target to echo new revenue assumptions as chip shortages have extended into 2022. Meanwhile, the analyst maintained the Buy rating on the shares as he thinks postponed deliveries will…

Direct Digital Holdings Inc (NASDAQ: DRCT) is trading higher Wednesday after Benchmark analyst Daniel Kurnos initiated coverage on the stock with a Buy rating and announced a $8 price target.

Morgan Stanley analyst Brian Nowak lowered the price target on Facebook parent Meta Platforms Inc (NASDAQ:FB) to $325 from $360 and reiterated Overweight. The price target implies an upside of 59.7%. Nowak noted lower near-term monetization of Reels. Benchmark analyst Mark Zgutowicz harbored similar feelings and therefore initiated coverage on the stock with a Hold and without any…