Mayville Engineering (NYSE:MEC) Bolsa

Mayville Engineering

Mayville Engineering Co Inc is involved in a manufacturing partner that provides a broad range of prototyping and tooling, production fabrication, coating, assembly, and aftermarket components. Its customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction, power sports, agriculture, military, and other end markets. Its services comprise stamping, shearing, fiber laser cutting, forming, drilling, tapping, grinding, tube bending, machining, welding, assembly and logistic services.

Mayville Engineering Company, Inc. Common Stock

Mayville Engineering Co Inc

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Mdf Commerce Inc Ordinary Shares

United Parks &amp; Resorts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRKS#NYSE">PRKS</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading higher on Wednesday.</a>
The company reported fourth-quarter earnings per share of 50 cents, missing the street view of 71 cents. Quarterly sales of $384.38 million (down 1.3% year over year) outpaced the analyst view $380.04 million.
Total revenue per capita rose 0.4% to $78.75. Admission per capita dropped 1.9% to $43.61, while in-park spending increased 3.5% to $35.14.
&#8220;Fourth quarter and fiscal year results were impacted by meaningfully worse weather, including Hurricanes Debby in August, Helene in September and Milton in October,&#8221; said United Parks CEO Marc Swanson.
In the fourth quarter, the company hosted 4.9 million guests, a decrease of 79,000 from 2023, largely impacted by Hurricane Milton, which contributed to a 167,000 guest decline.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/02/43976235/why-general-motors-stock-is-gaining-today" rel="noreferrer noopener">Why General Motors Stock Is Gaining Today</a>
&#8220;Adjusting for these impacts, we estimate that fourth quarter attendance would have increased approximately 2% compared to the prior year quarter and full year 2024 attendance would have increased approximately 2% compared to 2023,&#8221; the CEO added. &nbsp;
Adjusted EBITDA in the quarter under review dropped 4% year over year to $144.5 million.
United Parks exited the quarter with cash and equivalents worth $115.893 million, lower than $246.922 million a year ago.
Total long-term debt (including current maturities) expanded to $2.263 billion from $2.125 billion in the year-ago period.
Price Action: PRKS shares are trading higher by 1.95% to $55.75&nbsp;at last check Wednesday.
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</ul>

Earnings

Equities

News

Markets

Movers

General

PRKS

United Parks Q4 Earnings Miss Estimates As 'Unusually Poor' Weather Impacts Results

Canaccord Genuity analyst Caitlin Cronin maintains Axogen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXGN#NASDAQ">AXGN</a>) with a Buy and raises the price target from $22 to $26.

Price Target

Analyst Ratings

AXGN

Canaccord Genuity Maintains Buy on Axogen, Raises Price Target to $26

RBC Capital analyst Gregory Renza maintains Jazz Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAZZ#NASDAQ">JAZZ</a>) with a Outperform and lowers the price target from $179 to $178.

JAZZ

RBC Capital Maintains Outperform on Jazz Pharmaceuticals, Lowers Price Target to $178

Roth MKM analyst Jason Wittes reiterates Orthofix Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OFIX#NASDAQ">OFIX</a>) with a Buy and maintains $22 price target.

Reiteration

OFIX

Roth MKM Reiterates Buy on Orthofix Medical, Maintains $22 Price Target

Italian automobile major Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) stock is <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">trading lower</a> on Wednesday after it reported its full-year 2024 earnings.
The Fiat Chrysler parent reported a <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/g43965175/stellantis-delivers-full-year-2024-results-consistent-with-updated-financial-guidance-expects-retu" rel="noreferrer noopener">17% year-on-year</a> revenue decline to 156.9&nbsp;billion Euros ($164.7 billion) in FY24.
North America shipments were down 25% due to reduced production and revenues fell 27%, primarily due to lower volumes from discontinued models of Dodge Charger and Challenger, Chrysler 300, and Jeep Cherokee and Renegade.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/02/43953210/tesla-acquires-german-tech-firm-manz-ag-assets-amid-insolvency" rel="noreferrer noopener">Tesla Acquires German Tech Firm Manz Assets Amid Insolvency</a>
Enlarged Europe shipments dropped 8%, driven by a reduction in dealer stock from H1 &#8217;24, as well as production losses due to the delayed launch of vehicles utilizing the Smart Car platform. Revenue decreased 11%.
Adjusted operating income dived 64% to 8.64 billion euros, and the adjusted operating income margin contracted 730 basis points to 5.5%.
Net profit for the year plunged 70% to 5.520 billion euros, with a 61% drop in adjusted EPS to 2.48 euros.
Total inventories on December 31, 2024, were 18% or 268 thousand units lower Y/Y, including a 20% drop in U.S. dealer stock to 304 thousand units, surpassing the previously communicated target of 330 thousand units.
Operating cash flow for the twelve months totaled 4 billion euros, down from 22.48 billion euros. Stellantis plans to pay a dividend of 68 cents per common share, pending shareholder approval.
The company held 34.1 billion euros in cash and equivalents as of December 31. Stellantis said the process to appoint the new permanent Chief Executive Officer is well&nbsp;underway&nbsp;and will be concluded within the first half of 2025.
&#8220;While 2024 was a year of stark contrasts for the company, with results falling short of our potential, we achieved important strategic milestones. Notably, we began the rollout of new multi-energy platforms and products, which continues in 2025, started production of EV batteries through our JVs, and launched the Leapmotor International partnership,&#8221; said Chairman John Elkann.
Outlook: For FY25, Stellantis sees positive net revenue growth and industrial free cash flows. The company anticipates FY25 adjusted operating income margin in the mid-single digits.
Price Action: At the last check on Wednesday, STLA shares were trading lower by 3.67% to $13.52.
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</ul>
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Guidance

Topics

Trading Ideas

STLA

Fiat Chrysler Parent Stellantis Takes 17% Revenue Hit In 2024, Operating Cash Flow Shrinks

RBC Capital analyst Logan Reich maintains Jack In The Box (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) with a Outperform and lowers the price target from $55 to $45.

JACK

RBC Capital Maintains Outperform on Jack In The Box, Lowers Price Target to $45

Canaccord Genuity analyst Richard Close maintains AdaptHealth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AHCO#NASDAQ">AHCO</a>) with a Buy and raises the price target from $13 to $14.

AHCO

Canaccord Genuity Maintains Buy on AdaptHealth, Raises Price Target to $14

Roth MKM analyst Philip Shen maintains Shoals Technologies Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHLS#NASDAQ">SHLS</a>) with a Neutral and lowers the price target from $5 to $4.5.

SHLS

Roth MKM Maintains Neutral on Shoals Technologies Gr, Lowers Price Target to $4.5

Piper Sandler analyst Arvind Ramnani reiterated Intuit Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) with an Overweight and raised the <a href="https://www.benzinga.com/quote/INTU/analyst-ratings" target="_blank" rel="noreferrer noopener">price target from $765 to $785</a>.
Intuit&#8217;s <a href="https://www.benzinga.com/news/earnings/25/02/43959427/intuit-shares-rise-following-q2-earnings-beat-the-details" target="_blank" rel="noreferrer noopener">second-quarter results</a> were well ahead of expectations with revenues of $3.96 billion (~$120 million above) and EPS of $3.32 (+$0.75). Growth came from GBS Online Ecosystem growth of 21% (up from 20% in the first quarter of 2025), Desktop Ecosystem growth of +14% (from -17% last quarter), and Credit Karma growth of +36% (+29% in the first quarter of 2025).
The company continues to make progress toward the &#8220;done for you experiences,&#8221; powered by AI and automation.
Also Read: <a href="https://www.benzinga.com/25/02/43973550/photronics-q1-earnings-beats-estimates-strong-ic-demand-growth-in-high-end-products-ceo-cautious-on-2025-outlook" target="_blank" rel="noreferrer noopener">Photronics Q1 Earnings: Beats Estimates, Strong IC And FPD Demand, Growth in High-End Products, CEO Cautious on 2025 Outlook</a>
The analyst noteed the company is off to a strong start this tax season, in part due to an AI-enhanced interface.
Intuit Assist has contributed to a 20% reduction in contact support within TurboTax year-to-date.
Intuit stock is +6% after hours despite the company maintaining fiscal 2025 guidance across the board, following beats in both the first and second quarters of the year.
The price target is based on 11.0 times Ramnani&#8217;s fiscal 2026E revenue estimate of $20.5 billion (from 12.0 times his previous fiscal 2025E revenue estimate of $18.3 billion). The analyst forecasted revenue growth of +12.4% in fiscal 2025 and +12.1% in fiscal 2026.
INTU Price Action: INTU stock is up 12.74% at $626.43 at publication Wednesday.
Also Read:
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<li><a href="https://www.benzinga.com/media/25/02/43971798/on-semiconductor-focuses-on-ai-chip-growth-to-cut-2400-jobs-to-stay-competitive" target="_blank" rel="noreferrer noopener">ON Semiconductor Focuses On AI Chip Growth, To Cut 2,400 Jobs to Stay Competitive</a></li>
</ul>
Photo: sdx15 via Shutterstock

Tech

INTU

Intuit Sees AI-Driven Growth With TurboTax, Credit Karma: Analyst Raises Price Forecast

JP Morgan analyst Doug Anmuth maintains ZipRecruiter (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIP#NYSE">ZIP</a>) with a Neutral and lowers the price target from $9 to $8.

JP Morgan Maintains Neutral on ZipRecruiter, Lowers Price Target to $8

Roth MKM analyst George Kelly reiterates Planet Fitness (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLNT#NYSE">PLNT</a>) with a Buy and raises the price target from $110 to $115.

PLNT

Roth MKM Reiterates Buy on Planet Fitness, Raises Price Target to $115

Roth MKM analyst Matt Koranda reiterates Revolve Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RVLV#NYSE">RVLV</a>) with a Buy and raises the price target from $35 to $36.

RVLV

Roth MKM Reiterates Buy on Revolve Gr, Raises Price Target to $36

JP Morgan analyst Cory Carpenter maintains Ziff Davis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZD#NASDAQ">ZD</a>) with a Overweight and lowers the price target from $70 to $60.

JP Morgan Maintains Overweight on Ziff Davis, Lowers Price Target to $60

Roth MKM analyst Darren Aftahi reiterates Bitdeer Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) with a Buy and lowers the price target from $29 to $23.5.

BTDR

Roth MKM Reiterates Buy on Bitdeer Technologies, Lowers Price Target to $23.5

JP Morgan analyst Doug Anmuth maintains Webtoon Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBTN#NASDAQ">WBTN</a>) with a Neutral and lowers the price target from $12 to $10.

WBTN

JP Morgan Maintains Neutral on Webtoon Entertainment, Lowers Price Target to $10

Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) CEO Vlad Tenev is optimistic about the company&#8217;s future and the broader cryptocurrency landscape, highlighting the firm&#8217;s strong performance and the changing regulatory environment under <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43922379/trump-meme-coin-was-a-gut-punch-bitmex-research-says">the Trump administration</a>.
What Happened: In a Bloomberg TV <a href="https://www.bloomberg.com/news/audio/2025-02-25/bloomberg-talks-vladimir-tenev-podcast?sref=TBDibEcD">interview </a>on Tuesday, Tenev emphasized Robinhood&#8217;s recent success, noting the company&#8217;s first billion-dollar revenue quarter and <a href="https://www.benzinga.com/content/43938375/robinhood-the-future-still-looks-bright-despite-300-rise#:~:text=Robinhood's%20Crypto%20Boom%20Fuels%20Massive%20Earnings%20Beat&amp;text=Its%20%241%20billion%20in%20Q4,was%20its%20transaction%2Dbased%20revenues.">record net income profits</a>.
&#8220;The business has been doing tremendously well,&#8221; he said, citing record net deposits of $50 billion into the platform in 2024.
Despite recent market volatility, Tenev maintained a long-term perspective, advising against focusing on day-to-day market fluctuations.
Regarding <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43945957/liquidity-is-disappearing-bitcoins-downturn-spells-doom-for-altcoins-analyst-warns">the current market downturn</a>, Tenev observed that Robinhood&#8217;s customers tend to view such moments as buying opportunities, particularly for high-quality companies and assets. 
&#8220;Our customers, which might surprise some people, have a long-term perspective on these things. They&#8217;d like to be owners of technology and innovation,&#8221; he noted.
Tenev also discussed the company&#8217;s new active trader platform, Robinhood Legend, which has already reached a $50 million annual revenue run rate. 
He pointed out that active traders have strategies to deploy regardless of market conditions, making this business segment more sustainable even during downturns.
On the regulatory front, Tenev welcomed the <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43914267/sec-drops-investigation-into-robinhoods-crypto-unit">SEC&#8217;s decision to close its investigation</a> into Robinhood&#8217;s crypto operations without pursuing enforcement action. 
He sees a role for financial regulators. &#8220;I think customers want to know that their assets are safe and that someone is watching over the companies that are providing financial services to them and holding them accountable.&#8221;
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43971058/bitcoin-languishes-below-88000-as-spot-etfs-see-1-billion-outflows-on-tuesday">Bitcoin Languishes Below $88,000 As Spot ETFs See $1 Billion Outflows On Tuesday</a>
What&#8217;s Next: Looking ahead, Tenev expressed excitement about the potential for tokenization and expanded access to private company stocks. 
He argued for rethinking accreditation rules and allowing the connection of crypto technology with real companies. &#8220;We need to, aside from the accreditation, allow for the capability of connecting crypto technology with real companies.&#8221;
In a separate interview with <a href="https://www.cnbc.com/2025/02/25/robinhood-ceo-talks-sec-lawsuit-dismissal.html">CNBC </a>on Tuesday, <a href="https://www.benzinga.com/markets/equities/25/02/43967978/robinhood-ceo-vlad-tenev-slams-bidens-all-out-assault-on-crypto-says-company-is-fortunate-under-trump-administration">Tenev praised the current administration&#8217;s approach</a> to financial services and cryptocurrency, saying, &#8220;We&#8217;re fortunate to have an administration that wants the U.S. to be number one in AI and financial services and crypto.&#8221;
This marks a significant shift from what he described as an &#8220;all-out assault&#8221; on retail trading and crypto under the previous administration.
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43971322/bitcoin-is-a-better-store-of-value-than-gold-says-expert-as-el-salvador-metaplanet-buy-the-dip">Bitcoin Is &#8216;A Better Store Of Value Than Gold&#8217; Says Expert As El Salvador, Metaplanet Buy-The-Dip</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

HOOD

Robinhood CEO Tenev Remains Upbeat: 'The Business Has Been Doing Tremendously Well'

Roth MKM analyst Bill Kirk reiterates Boston Beer Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAM#NYSE">SAM</a>) with a Buy and lowers the price target from $389 to $349.

Roth MKM Reiterates Buy on Boston Beer Co, Lowers Price Target to $349

RBC Capital analyst Daniel Perlin maintains Flywire (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLYW#NASDAQ">FLYW</a>) with a Outperform and lowers the price target from $25 to $20.

FLYW

RBC Capital Maintains Outperform on Flywire, Lowers Price Target to $20

Shares of DigitalOcean Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCN#NYSE">DOCN</a>) were climbing in early trading on Wednesday after the company reported <a href="https://www.benzinga.com/news/earnings/25/02/43938765/digitalocean-boasts-13-revenue-growth-in-q4-raises-full-year-guidance-due-to-ai-momentum">upbeat fourth-quarter results</a>.
Here are some key analyst takeaways.
<ul>
<li>Cantor Fitzgerald <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/61e7dac6ecb07f0001d8956b/thomas-blakey">analyst Thomas Blakey</a> maintained a Neutral rating, while raising the price target from $39 to $43.</li>
<li>JPMorgan <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/609127bb99cf500001a9da75/pinjalim-bora">analyst Pinjalim Bora</a> reiterated a Neutral rating, while raising the price target from $40 to $45.</li>
<li>JMP Securities <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5846fffaee7bf6000154d141/patrick-walravens">analyst Patrick Walravens</a> maintained a Market Outperform rating and price target of $55.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Cantor Fitzgerald: DigitalOcean delivered a solid quarter, with the NDRR (net dollar retention rate) rising to 99%, Blakey said. The sequential improvement was driven by "large, high-spend customers and new product uptake with over 50% of top 100 customers adopting at least one new feature released in 3Q24," he added.
The company's adjusted EBITDA margins came in at 42%. They surpassed the guidance range of 34%-38% by managing spend and resource allocation when while ramping new products and increased hiring, the analyst stated. "Our optimism is somewhat offset by the downtick in adjusted EBITDA margins in C25, deceleration in small customer count declines, and continued slowdown in lower-spend customer revenue cohort," he further wrote.
JPMorgan: DigitalOcean reported all metrics above consensus, with acceleration in both total revenues and annual recurring revenues (ARR), Bora said. The net-dollar retention rate rose by 200 basis points from the previous quarter, with "strong momentum of its customer cohort that spends $100K/year, in addition to a stable churn rate," he added.
Although DigitalOcean provided its 2025 revenue growth guidance broadly in-line with expectations, its projection for adjusted EBITDA margin of 38.5% at the midpoint came in 130 basis points below consensus, the analyst stated. Revenue growth is likely to be driven by "revenue from new customers, with expansion within existing customers contributing a neutral to slightly positive impact," he further wrote.
JMP Securities: DigitalOcean reported strong quarterly results, with non-GAAP earnings of 49 cents per share, beating consensus of 34 cents per share, and adjusted EBITDA margin of 42%, above consensus of 36%, Walravens said. The company guided to first-quarter non-GAAP earnings of 41 cents to 46 cents per share on adjusted EBITDA margin of 38% to 40%, he added.
DigitalOcean has been enhancing its AI infrastructure offerings, including its new AI platform, which allows users to &#8220;create their own AI agents&#8221; and its partnership with open-source AI/ML platform Hugging Face, the analyst stated. "DigitalOcean did not break out the ARR contribution from its AI/ML platform," he further wrote.
Price Action: Shares of DigitalOcean had risen by 7.36% to $43.77 at the time of publication on Wednesday.
Read More: 
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/02/43875446/walmarts-ai-use-cases-surge-amid-strong-q4-even-as-company-forecasts-weaker-2026">AMD Closing Competitive GPU Gap With Nvidia, Gains Market Share From Intel </a></li>
</ul>
Image: Shutterstock

Analyst Color

Earnings Beats

DOCN

DigitalOcean Posts Q4 Beat, Analysts Express Concern Around 2025 Prospects

JP Morgan analyst Pablo Singzon maintains Baldwin Insurance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWIN#NASDAQ">BWIN</a>) with a Overweight and lowers the price target from $46 to $39.

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