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Global E Online

Global E Online Ltd provides e-commerce solutions. The company offers a platform to enable and accelerate global, direct-to-consumer cross-border e-commerce. The platform was purpose-built for international shoppers to buy seamlessly online and for merchants to sell from, and, anywhere in the world. The company localizes the shopper experience to make international transactions as seamless as domestic ones. The platform increases the conversion of international traffic into sales by removing much of the complexity associated with international e-commerce.

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수요일에 캐시 우드의 아크 인베스트(Ark Invest)는 몇 가지 중요한 거래를 했다. 그 중 가장 눈에 띄는 것은 쇼피파이(NYSE:SHOP), 레딧(NYSE:RDDT)의 주식 매수, 그리고 코인베이스 글로벌(NASDAQ:COIN)의 주식 매각이다.

아크 인베스트는 쇼피파이 주식 $3,000만 이상 매입, 레딧도 매수, 코인베이스 주식은 매도

Global E Online Ltd

Deutsche Bank analyst Bryan Keane maintains Block (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) with a Buy and raises the price target from $90 to $98.

Price Target

Analyst Ratings

Deutsche Bank Maintains Buy on Block, Raises Price Target to $98

In a recent development, former President Donald Trump has appealed to a New York judge to overturn his hush money conviction. The appeal is based on a recent ruling by the U.S. Supreme Court concerning presidential immunity.
What Happened: Todd Blanche, Trump&#8217;s attorney, filed a motion arguing that the conviction on 34 counts of falsifying business records was influenced by testimonies and evidence that should have been excluded from the trial under the new standards set by the Supreme Court&#8217;s decision, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-07-11/trump-asks-to-toss-hush-money-conviction-over-immunity-ruling?srnd=homepage-americas">reported</a> on Friday. This decision was a result of Trump&#8217;s election fraud case.
The document was published on Blanche&#8217;s law firm&#8217;s website on Thursday afternoon. However, it is yet to be confirmed whether the court has received the motion.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39687664/market-is-factoring-in-not-only-a-trump-victory-but-a-gop-sweep-after-bidens-tepid-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Market Is Factoring In &#8216;Not Only A Trump Victory But A GOP Sweep&#8217; After Biden&#8217;s Tepid Debate Performance,</a>
The Supreme Court&#8217;s recent decision grants former <a href="https://www.benzinga.com/general/politics/24/07/39577351/trump-granted-partial-immunity-by-supreme-court-ruling-says-the-president-is-not-above-the-law-d">presidents partial immunity</a> from criminal charges related to official conduct, but they can still be charged for private acts committed while in office. The court also ruled that evidence of official acts cannot be used to support charges over private conduct. Trump&#8217;s legal team is leveraging this latter finding, arguing that the conviction was based on evidence of &#8220;official acts.&#8221;
Why It Matters: This development comes after Trump&#8217;s sentencing for the<a href="https://www.benzinga.com/general/politics/24/07/39609026/donald-trump-hush-money-trial-sentencing-delayed-to-september-18-the-supreme-court-immunity-impa"> hush money trial</a> was postponed to September 18. The delay was due to the potential impact of the Supreme Court&#8217;s ruling on immunity on the trial.
Former colleagues of Judge Juan Merchan, who oversaw the hush money case, had previously predicted that Trump was unlikely to <a href="https://www.benzinga.com/news/24/06/39243266/ex-colleagues-of-judge-in-donald-trumps-hush-money-case-say-former-president-will-most-likely-face-t">face a prison sentence</a>. However, Manhattan District Attorney Alvin Bragg and Justice Merchan have yet to comment on the recent appeal.
Meanwhile, a recent Pew Research Survey revealed that while<a href="https://www.benzinga.com/general/politics/24/07/39738957/trump-biden-should-both-step-aside-majority-of-americans-say-pew-research-poll"> voters want both</a> Trump and President Joe Biden to step down from the presidential race, the number of voters saying so for Trump has decreased from 35% to 26% since April. This is attributed to the belief that Trump has a better chance of winning against Biden in November than a replacement.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39689367/biden-vs-trump-new-polls-by-democratic-pollsters-show-incumbent-faces-uphill-task-flag-this-combo-ti?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Biden Vs. Trump: New Polls By Democratic Pollsters Show Incumbent Faces Uphill Task, Flag This Combo Tick</a></li>
</ul>
Image Via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Politics

General

Trump Seeks To Overturn Hush Money Conviction In New York Following Supreme Court's Presidential Immunity Ruling

Wolfe Research analyst Devin Brisco initiates coverage on Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Outperform rating and announces Price Target of $390.

Initiation

SPOT

Wolfe Research Initiates Coverage On Spotify Technology with Outperform Rating, Announces Price Target of $390

The sales of Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&#8217;s Vision Pro are predicted to fall short of the initial target of 1 million units by 2024, according to an analyst&#8217;s forecast. Meta Platforms Inc. CEO Mark Zuckerberg, who <a href="https://www.benzinga.com/news/24/04/38424000/mark-zuckerberg-shades-apple-vision-pro-once-again-calls-it-fashionable-ai-glasses-without-a-display">threw shade at Apple Vision Pro</a>, could have been right about Cupertino's mixed reality headset.
What Happened: Francisco Jeronimo, Vice President at IDC, said in a post on X on Friday that Apple Vision Pro is now expected to sell less than 500,000 units in 2024.
Jeronimo's prediction is half of Apple's initial target of selling a million units of Vision Pro.
Despite this lower-than-expected sales, Apple is projected to capture 29% of the total AR/VR market value in the same year.
Jeronimo suggests that the success of Vision Pro will largely depend on the content available. As Apple expands the product to international markets, the availability of local content will be crucial, he <a href="https://www.bloomberg.com/news/articles/2024-07-11/apple-s-vision-pro-won-t-cross-500-000-sales-this-year-idc-says">told</a> Bloomberg.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Since its U.S. launch in February, the Vision Pro mixed reality headset has struggled with slow sales, selling less than 100,000 units in a quarter. IDC predicts a 75% drop in domestic sales in the current quarter, which may be offset by the product&#8217;s <a href="https://www.benzinga.com/markets/asia/24/06/39546107/apple-vision-pro-debuts-in-china-and-it-is-almost-500-more-expensive-than-in-us">expansion to other markets</a> which began in June.
See Also: <a href="https://www.benzinga.com/news/24/07/39725747/former-openai-staffer-who-resigned-over-safety-issues-says-sam-altmans-team-is-building-titanic-of-a">Former OpenAI Staffer Who Resigned Over Safety Issues Says Sam Altman&#8217;s Team Is Building &#8216;Titanic Of AI&#8217;</a>
A cheaper model, expected to cost roughly half as much, is anticipated to boost interest in 2025. However, IDC warns that sales may not significantly increase over the coming year.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Although Apple will not cross 500K in units sold, it will grab 29% of the total AR/VR market value in 2024, a remarkable achievement considering its first year of sales with a product priced at $3,500. "The Vision Pro's success, regardless of its price, will ultimately depend on… <a href="https://t.co/r6KhzmIGTD">pic.twitter.com/r6KhzmIGTD</a>
&mdash; Francisco Jeronimo (@fjeronimo) <a href="https://twitter.com/fjeronimo/status/1811392796877607215?ref_src=twsrc%5Etfw">July 11, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Earlier this year, Zuckerberg <a href="https://www.benzinga.com/news/24/04/38424000/mark-zuckerberg-shades-apple-vision-pro-once-again-calls-it-fashionable-ai-glasses-without-a-display">expressed his skepticism</a> about the mainstream success of AR glasses, particularly those without "full holographic displays,&#8221; in a subtle jab at Apple Vision Pro. He compared the Vision Pro to Meta's Quest 3 and said that he believed Quest to be the better product.
Why It Matters: The Vision Pro has <a href="https://www.benzinga.com/news/24/02/37067256/is-apples-3-500-vision-pro-an-early-prototype-or-a-revolutionary-pimple-maker-mixed-reviews-pour-in">received mixed reviews</a> since its launch. The device&#8217;s weight and lack of tailored apps and video content have led to some customers returning the product.
Consequently, <a href="https://www.benzinga.com/news/24/07/39589968/apples-next-gen-vision-pro-to-feature-major-design-and-price-changes-heres-what-we-know-so-far">Apple is planning</a> a more budget-friendly version of the device, which IDC&#8217;s Jeronimo believes will more than double sales when it arrives in the latter half of next year.
<a href="https://www.benzinga.com/news/24/06/39395129/vision-pro-users-are-quickly-giving-up-on-the-device-after-a-few-tries-says-top-app">Prominent analyst Ming-Chi Kuo</a> has also noted that many users are buying the Vision Pro but are not using it extensively.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39701948/apple-registers-largest-growth-among-global-pc-makers-shipments-surge-20-8-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Registers Largest Growth Among Global PC Makers, Shipments Surge 20.8%</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Analyst Color

Tech

AAPL

Two Months After Mark Zuckerberg Threw Shade At Vision Pro, Analyst Says Apple's VR Glasses Will Fall Short Of 500K Units In 2024, Half Of Tim Cook's Initial 1M Target

Deutsche Bank analyst Robert Grindle maintains Liberty Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBTYA#NASDAQ">LBTYA</a>) with a Buy and raises the price target from $33 to $34.

LBTYA

Deutsche Bank Maintains Buy on Liberty Global, Raises Price Target to $34

Elon Musk&#8216;s SpaceX on Friday said that the company couldn&#8217;t deploy <a href="https://www.benzinga.com/topic/starlink">Starlink satellites</a> in its intended orbit on Thursday owing to an issue with the Falcon 9 rocket&#8217;s second-stage engine.
What Happened: The Starlink satellites were subsequently deployed into a lower-than-intended orbit, the company said in a post on X, formerly Twitter. The company is unaware of the reasons for the engine issue and is reviewing data to understand the root cause, SpaceX CEO Musk said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Upper stage restart to raise perigee resulted in an engine RUD for reasons currently unknown. Team is reviewing data tonight to understand root cause. Starlink satellites were deployed, but the perigee may be too low for them to raise orbit. Will know more in a few hours.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1811620381590966321?ref_src=twsrc%5Etfw">July 12, 2024</a></blockquote>
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The Falcon 9 was carrying <a href="https://www.benzinga.com/news/24/07/39633453/spacex-now-has-over-100-starlink-satellites-in-orbit-with-direct-to-cell-capabilities-t-mobile-users">20 Starlink satellites</a>. SpaceX has made contact with five of them so far and is attempting to raise their orbits using their ion thrusters, the company said.
&#8220;We're updating satellite software to run the ion thrusters at their equivalent of warp 9,&#8221; Musk said while adding that it will probably not work, unlike fiction. 
&#8220;Unlike a Star Trek episode, this will probably not work, but it's worth a shot. The satellite thrusters need to raise orbit faster than atmospheric drag pulls them down or they burn up,&#8221; Musk added, hinting that the satellites will likely burn up in space. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">We're updating satellite software to run the ion thrusters at their equivalent of warp 9. Unlike a Star Trek episode, this will probably not work, but it's worth a shot. The satellite thrusters need to raise orbit faster than atmospheric drag pulls them down or they burn up.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1811638892879020243?ref_src=twsrc%5Etfw">July 12, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Starlink is the satellite internet segment of Musk&#8217;s SpaceX. The company intends to provide global connectivity using a Starlink satellite network in Earth&#8217;s low-Earth orbit.
The segment achieved a <a href="https://www.benzinga.com/news/23/11/35583773/spacex-ceo-elon-musk-says-starlink-business-has-achieved-breakeven-cash-flow-is-an-ipo-on-the-cards">breakeven cash flow</a> in November. 
According to a study by astronomer Jonathan McDowell, SpaceX has launched over 6,700 Starlink satellites to date, of which over 5,800 are in operating orbit. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39743359/exclusive-as-lucid-gears-up-to-take-on-teslas-model-x-analysts-lay-out-the-problems">EXCLUSIVE: As Lucid Gears Up To Take On Tesla&#8217;s Model X, Analysts Lay Out The Problems With Luxury EV Startup&#8217;s Elon Musk-Inspired Approach</a></li>
</ul>
Photo courtesy: Wikimedia

SPACE

Elon Musk's SpaceX Fails To Deploy Starlink Satellites In Intended Orbit Owing To A Rocket Engine Issue, But Efforts Underway To Salvage Mission: 'Unlike A Star Trek Episode…'

RBC Capital analyst Matthew McKellar initiates coverage on Smurfit WestRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SW#NYSE">SW</a>) with a Sector Perform rating and announces Price Target of $52.

RBC Capital Initiates Coverage On Smurfit WestRock with Sector Perform Rating, Announces Price Target of $52

In a recent development, Contemporary Amperex Technology Co. Limited (CATL), a prominent supplier to Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), is reportedly in talks to raise a $1.5 billion fund to boost its global EV battery supply chain.
What Happened: The company, which also caters to Volkswagen and Ford, plans to utilize the fund to finance an ecosystem of companies to enhance production in Europe and other overseas markets, the Financial Times<a href="https://www.ft.com/content/aaf15b05-0aa0-49d6-a8d8-9b162fdd6771"> reported</a> on Friday.
Despite having a cash reserve of $40 billion as of Mar. 31, CATL is facing hurdles in making significant international investments due to China&#8217;s stringent overseas direct investment rules. The proposed fund, managed by Lochpine Capital, would mainly target companies that could supply CATL in Europe.
CATL has also reached out to Mercedes-Benz and families behind other automakers for investment in the fund. The company is also in talks with sovereign wealth funds, family offices, oil and gas companies, and European manufacturers about potential investments.
See Also: <a href="https://www.benzinga.com/markets/equities/24/07/39708329/as-tesla-surges-44-in-10-sessions-bearish-analyst-smells-stock-manipulation-they-keep-buying-put?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">As Tesla Surges 44% In 10 Sessions, Bearish Analyst Smells Stock Manipulation: &#8216;They Keep Buying Puts To Cause Inorganic Buying&#8217;</a>
The fund is designed to &#8220;facilitate the global energy transition with support from like-minded partners from all over the world,&#8221; CATL said. The company is expanding in Europe as geopolitical tensions between Beijing and Washington threaten its growth plans in North America.
Why It Matters: This move comes after CATL&#8217;s significant <a href="https://www.benzinga.com/news/24/04/38430695/tesla-supplier-catl-unveils-new-battery-capable-of-powering-evs-for-620-miles-on-full-charge">advancements in battery technology.</a> In April, CATL unveiled a new battery, the Shenxing Plus, capable of powering electric vehicles (EVs) for over 620 miles on a full charge. This new battery is an upgrade from the Shenxing, which was launched in August.
In June, CATL announced its plans to<a href="https://www.benzinga.com/news/24/06/39496659/tesla-supplier-catl-expects-electric-airplanes-powered-by-its-batteries-to-fly-more-than-1-800-miles"> power electric airplanes </a>with its high energy-density batteries, expecting them to fly more than 1,800 miles by 2028. The company is currently testing these batteries in planes.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39681030/shorting-tesla-stock-a-dumb-idea-says-bull-this-is-what-happened-when-last-time-elon-musk-talked?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shorting Tesla Stock A &#8216;Dumb Idea,&#8217; Says Bull: This Is What Happened When Last Time Elon Musk Talked About &#8216;Obliterating&#8217; Shorts</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

TSLA

Tesla Supplier CATL Seeks $1.5B Funding To Expand Global EV Battery Supply Chain

Baird analyst Andrew Wittmann downgrades UL Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ULS#NYSE">ULS</a>) from Outperform to Neutral and raises the price target from $41 to $46.

Downgrades

Baird Downgrades UL Solutions to Neutral, Raises Price Target to $46

Needham analyst Alex Henderson reiterates SentinelOne (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) with a Buy and maintains $25 price target.

Reiteration

Needham Reiterates Buy on SentinelOne, Maintains $25 Price Target

Baird analyst Peter Arment downgrades Spirit AeroSystems Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPR#NYSE">SPR</a>) from Outperform to Neutral and raises the price target from $36 to $37.25.

Baird Downgrades Spirit AeroSystems Hldgs to Neutral, Raises Price Target to $37.25

Baird analyst Luke Junk downgrades Visteon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VC#NASDAQ">VC</a>) from Outperform to Neutral and lowers the price target from $137 to $120.

Baird Downgrades Visteon to Neutral, Lowers Price Target to $120

Needham analyst Serge Belanger maintains KalVista Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KALV#NASDAQ">KALV</a>) with a Buy and lowers the price target from $35 to $32.

KALV

Needham Maintains Buy on KalVista Pharma, Lowers Price Target to $32

Shares of Telefonaktiebolaget LM Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) rose sharply in today's pre-market trading after the company reported better-than-expected second-quarter sales and <a href="https://www.benzinga.com/quote/ERIC/earnings">issued guidance</a>.
Ericsson reported a second-quarter loss of 31 cents per share, compared to year-ago earnings of 7 cents per share. The company reported quarterly sales of $5.59 billion which beat the analyst consensus estimate of $5.36 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Ericsson shares jumped 4.3% to $6.66 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Sentage Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNTG#NASDAQ">SNTG</a>) rose 85.6% to $4.27 in pre-market trading after gaining around 5% on Thursday.</li>
<li>Tian Ruixiang Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIRX#NASDAQ">TIRX</a>) gained 40.4% to $3.16 in pre-market trading.</li>
<li>Qualigen Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLGN#NASDAQ">QLGN</a>) shares rose 36.7% to $0.2809 in pre-market trading.</li>
<li>AgriFORCE Growing Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGRI#NASDAQ">AGRI</a>) shares rose 28.3% to $0.1053 in pre-market trading after gaining around 7% on Thursday.</li>
<li>Immutep Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMP#NASDAQ">IMMP</a>) shares climbed 20.4% to $2.42 in pre-market trading after the company disclosed results for first-line treatment of head and neck squamous cell carcinoma patients with negative PD-L1 expression.</li>
<li>Maxeon Solar Technologies, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) rose 14.8% to $0.2765 in pre-market trading. Maxeon Solar Technologies 13G filing showed Graham Capital Management LP reported a 9.6% passive stake in the company as of July 2.</li>
<li>AtlasClear Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATCH#NYSE">ATCH</a>) gained 11.3% to $0.8681 in pre-market trading after dipping over 20% on Thursday.</li>
<li>Gamer Pakistan Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPAK#NASDAQ">GPAK</a>) shares gained 9.6% to $0.22 in pre-market trading.</li>
<li>China SXT Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SXTC#NASDAQ">SXTC</a>) rose 9.2% to $1.30 in pre-market trading after jumping 10% on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Shineco, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SISI#NASDAQ">SISI</a>) shares fell 38.2% to $1.31 in pre-market trading after the company reported a proposed underwritten public offering.</li>
<li>ASP Isotopes Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASPI#NASDAQ">ASPI</a>) shares declined 18.4% to $2.90 in pre-market trading after the company announced that it commenced an underwritten public offering.</li>
<li>Kazia Therapeutics Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KZIA#NASDAQ">KZIA</a>) shares fell 18.4% to $1.01 in pre-market trading after jumping over 85% on Thursday. Kazia Therapeutics recently announced results from GBM-AGILE, a phase II/III study that included an evaluation of paxalisib versus standard of care for patients with glioblastoma.</li>
<li>New Horizon Aircraft Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOVR#NASDAQ">HOVR</a>) shares fell 16.4% to $0.53 in pre-market trading after gaining around 20% on Thursday.</li>
<li>Luxurban Hotels Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUXH#NASDAQ">LUXH</a>) fell 13.4% to $0.16 in pre-market trading. LuxUrban Hotels priced its $5.1 million public offering of 30 million shares at $0.17 per share.</li>
<li>Lipella Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIPO#NASDAQ">LIPO</a>) fell 13.4% to $0.46 in pre-market trading after gaining over 9% on Thursday.</li>
<li>Biodexa Pharmaceuticals Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BDRX#NASDAQ">BDRX</a>) shares fell 12.3% to $0.9469 in pre-market trading. Biodexa Pharmaceuticals shares jumped around 52% on Thursday after the company reported 12-month Phase 2 trial results for eRapa in treating Familial Adenomatous Polyposis.</li>
<li>Sonoma Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNOA#NASDAQ">SNOA</a>) shares dipped 12.3% to $0.3107 in pre-market trading after jumping 38% on Thursday.</li>
<li>Cyngn Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) shares fell 12.1% to $6.44 in pre-market trading after surging 85% on Thursday.</li>
<li>NANO Nuclear Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) shares declined 9.8% to $23.64 in pre-market trading after gaining around 4% on Thursday.</li>
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Why Ericsson Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket

Needham analyst David Saxon reiterates Alcon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALC#NYSE">ALC</a>) with a Buy and maintains $101 price target.

Needham Reiterates Buy on Alcon, Maintains $101 Price Target

Piper Sandler analyst Brent Bracelin maintains ZoomInfo Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) with a Neutral and lowers the price target from $15 to $14.

Piper Sandler Maintains Neutral on ZoomInfo Technologies, Lowers Price Target to $14

Piper Sandler analyst Brent Bracelin maintains Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) with a Overweight and lowers the price target from $280 to $262.

WDAY

Piper Sandler Maintains Overweight on Workday, Lowers Price Target to $262

Piper Sandler analyst Brent Bracelin maintains Veeva Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) with a Overweight and lowers the price target from $235 to $225.

VEEV

Piper Sandler Maintains Overweight on Veeva Systems, Lowers Price Target to $225

Piper Sandler analyst Brent Bracelin maintains Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Overweight and lowers the price target from $240 to $165.

SNOW

Piper Sandler Maintains Overweight on Snowflake, Lowers Price Target to $165

Piper Sandler analyst Brent Bracelin maintains Procore Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCOR#NYSE">PCOR</a>) with a Overweight and lowers the price target from $77 to $74.

PCOR

Piper Sandler Maintains Overweight on Procore Technologies, Lowers Price Target to $74

In a report released today, Patrick Walravens from JMP Securities reiterated a Buy rating on Global-e Online (GLBE – Research Report), with a price...

JMP Securities Reaffirms Their Buy Rating on Global-e Online (GLBE)

Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Global-e Online (GLBE – Research Report), Dollar General (...

Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: Global-e Online (GLBE), Dollar General (DG) and CAVA Group, Inc. (CAVA)

TimesSquare Capital U.S. Small/Mid Cap Growth Q1 2024 Commentary

Global-e Online (GLBE) has released an update. Global-E Online Ltd., an international e-commerce firm, has successfully conducted its Annual Genera...

Global-E Online Shareholders Approve All Resolutions

In a report released today, Samad Samana from Jefferies maintained a Buy rating on Global-e Online (GLBE – Research Report), with a price target of...

Jefferies Sticks to Their Buy Rating for Global-e Online (GLBE)

Morgan Stanley analyst James Faucette maintained a Buy rating on Global-e Online (GLBE – Research Report) yesterday and set a price target of $37.0...

Strong Buy on Global-e Online: Strategic Integration and Expansion Fueling Growth

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
If you&rsquo;re looking for robust returns and can handle the potential for near-term volatility, then the concept of targeting up-and-coming stocks could be right for you. By this category, I&rsquo;m not necessarily referring to entities that just incorporated a few days ago. Rather, I&rsquo;m talking about companies that launched their initial public offerings (or IPOs) within the past few years.



New but not-too-new IPOs offer speculators a sweet spot. Typically, a company that&rsquo;s about to make its public market debut enjoys significant hype. Following the actual launch, the new entity could skyrocket. However, the ground-floor investors &ndash; the folks that started buying in from the very beginning &ndash; often decide they&rsquo;ve profited enough. They leave and sentiment crumbles.



After the fallout, investors reexamine the opportunity and may discover that the company is now undervalued. They start buying in and what do you know? The equity is back in business. That could be the case for these up-and-coming stocks.



<h2>Amer Sports (AS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/sports-stocks-300x169.jpg" alt="Various sports equipment like a football, soccer ball and volleyball on green grass. stocks to buy"><div>Source: Shutterstock</div></div>Falling under the consumer cyclical sector, Amer Sports (NYSE:<a href="https://investorplace.com/stock-quotes/as-stock-quote/">AS</a>) is based in Helsinki, Finland. <a href="https://finance.yahoo.com/quote/AS/profile/">Per its public profile</a>, Amer designs, manufactures, markets, distributes and sells sports equipment, apparel, footwear and accessories in multiple international markets. It also sells products under well-known brand names such as Wilson and Louisville Slugger.



Amer is no spring chicken, with a history extending back several decades. However, it just had its IPO earlier this year. In that contest, AS easily qualifies for one of the up-and-coming stocks. To be fair, it&rsquo;s had a shaky financial performance, posting a loss of 8 cents per share for the fourth quarter of 2023. In contrast, analysts anticipated a loss of only 1 cent.



Still, it rebounded with a strong outing in Q1 2024, generating an earnings surprise of 300%. During the trailing 12 months (TTM), Amer incurred a net loss of $222.5 million on sales of $4.5 billion. For fiscal 2024, experts anticipate earnings per share of 40 cents, a huge different from last year&rsquo;s loss of 24 cents.



On the top line, sales could hit $5.02 billion, an increase of 14.4%. Combined with a <a href="https://www.tipranks.com/stocks/as/forecast">strong buy rating</a>, AS ranks among the up-and-coming stocks to consider.



<h2>Global-E Online (GLBE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/04/ecommerce-300x169.jpg" alt="Miniature bags in a shopping cart sit on top of a laptop keyboard. e-commerce stocks to buy"><div>Source: William Potter/Shutterstock.com</div></div>Based in Israel, Global-E Online (NASDAQ:<a href="https://investorplace.com/stock-quotes/glbe-stock-quote/">GLBE</a>) also operates in the broader consumer cyclical space. More specifically, it focuses on Internet retail. <a href="https://finance.yahoo.com/quote/GLBE/profile/">Per its corporate profile</a>, Global-E with its subsidiaries provides a platform to enable and accelerate direct-to-consumer cross-border e-commerce transactions. Through its platform, both shoppers and sellers can seamlessly transact in a global network.



Founded in 2013, GLBE stock enjoyed its IPO in 2021. Therefore, it technically ranks among the up-and-coming stocks. Financially, Global-E has been mitigating expected losses per share. Over the past four quarters, its &ldquo;earnings&rdquo; surprise came out to 9.65%. What&rsquo;s appealing here is that GLBE trades at 9.22X trailing-year revenue. Over the past year, its sales multiple averaged 12.54X.



During the TTM period, Global-E incurred a net loss of $122.77 million or 74 cents per share in the red. Revenue during the cycle hit $598.19 million. For fiscal 2024, experts believe in a vastly more favorable loss per share of 52 cents. On the top line, revenue might land at $749.59 million, up 31.5% from the prior year. In fiscal 2025, sales might rise again to $985.78 million.



<h2>Hillman Solutions (HLMN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/tools-300x169.png" alt="Tools in a belt representing TBLT stock."><div>Source: mihalec / Shutterstock.com</div></div>Headquartered in Forest Park, Ohio, Hillman Solutions (NASDAQ:<a href="https://investorplace.com/stock-quotes/hlmn-stock-quote/">HLMN</a>) falls under the industrial sector. Specifically, the company deals with tools and accessories. <a href="https://finance.yahoo.com/quote/HLMN/profile/">Its profile</a> states that with its subsidiaries, Hillman provides hardware-related products and related merchandising services in the U.S. and other regions. It offers a wide range of products, including solutions for electrical, plumbing and automotive applications.



While it might not sound like the most exciting idea among up-and-coming stocks, analysts appreciate HLMN stock, rating it a consensus strong buy. Moreover, the average price target stands at $12.33, with a high-side estimate of $16. Financially, Hillman &ndash; which entered the public market in late 2020 &ndash; has been a relatively strong performer. In the past four quarters, its average earnings surprise came out to 21.53%.



During the TTM period, Hillman incurred a net loss of $1.95 million or 1 cent per share. Revenue in the cycle hit $1.48 billion. Analysts believe that for fiscal 2024, EPS may rise 17% to reach 48 cents. On the top line, sales could see a modest bump up of 2% to $1.51 billion.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/the-next-big-winners-3-up-and-coming-stocks-with-strong-potential/">The Next Big Winners: 3 Up-and-Coming Stocks With Strong Potential</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The Next Big Winners: 3 Up-and-Coming Stocks With Strong Potential

Snowflake, Fox, Global-E Online added to America's Conviction List: Goldman

Global-e Online (GLBE) has released an update. Global-e Online Ltd., a leader in Direct-To-Consumer global eCommerce enablement, has announced the ...

Global-e Online Announces Executive Promotions

JMP Securities analyst Patrick Walravens maintained a Buy rating on Global-e Online (GLBE – Research Report) today and set a price target of $46.00...

JMP Securities Keeps Their Buy Rating on Global-e Online (GLBE)

ASND

ATRC

BMBL

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CYBR

ESAB

EXPO

FIVE

FLUT

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FROG

FRPT

HLMN

KRYS

MNDY

MSTR

MTDR

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Management

Press Releases

Global-e Announces Appointment of Mr. Gen Tsuchikawa, CEO of Sony Ventures Corporation, to its Board of Directors

Global-e saw a 53% YoY uplift in Black Friday-Cyber Monday weekend cross-border e-commerce sales

Global-e Appoints Three Senior Executives - CEO Europe, Chief Technology Officer and Chief Innovation Officer

Global-e to Announce Financial Results for the Fourth Quarter and Year End 2023 on February 21, 2024

Wix Partners with Global-e to Empower Online Merchants to Expand Their Global Reach and Seamlessly Sell Internationally

Earnings

Global-E Reports Fourth Quarter and Full Year 2023 Results

Global-e Announces Filing of Form 20-F for the Fiscal Year Ended December 31, 2023

Global-e to Announce Financial Results for the First Quarter 2024 on May 20, 2024

Global-e Reports First Quarter 2024 Results

Global-e Appoints Two New Senior Executives

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Global E Online

News

Latest news for Global E Online (NASDAQ:GLBE) Stock

Thursday, May 09, 2024

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