The latest investor updates on Snowflake, Franklin Templeton, Target and JD Sports
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 22 2024
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Source: Yahoo Finance
Snowflake's Q2 Performance: Snowflake reported a 30% increase in Q2 revenue to $868.82 million, exceeding estimates, but its net loss widened to $317.77 million, leading to a drop in share prices despite positive growth projections for the next quarter.
Franklin Templeton and JD Sports Updates: Franklin Templeton's shares fell over 12% amid regulatory probes and management changes, while JD Sports saw a 2.4% rise in like-for-like sales driven by North American expansion, although UK sales remained under pressure.
Analyst Views on BEN
Wall Street analysts forecast BEN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BEN is 23.83 USD with a low forecast of 21.00 USD and a high forecast of 31.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
1 Buy
1 Hold
4 Sell
Moderate Sell
Current: 25.770
Low
21.00
Averages
23.83
High
31.00
Current: 25.770
Low
21.00
Averages
23.83
High
31.00
About BEN
Franklin Resources, Inc. is a global investment management company with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries. Through its specialist investment managers, the Company offers specialization on a global scale, bringing capabilities in equity, fixed income, alternatives and multi-asset solutions. It provides its investment management and related services to retail, institutional and high-net-worth investors in jurisdictions worldwide. Its investment products include its sponsored funds, as well as institutional and high-net-worth separate accounts, retail separately managed account programs, sub-advised products, and other investment vehicles. Its funds include registered funds (including exchange-traded funds) and unregistered funds. It offers its services and products under its various distinct brand names, including, but not limited to, Alcentra, Benefit Street Partners, Brandywine Global Investment Management, Canvas, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
