AI-learning company iLearningEngines receives "Buy" rating from Benchmark with $18.00 price target after exceeding Q2 EPS and revenue.

iLearningEngines, an AI-driven learning automation firm, has received a "Buy" rating from Benchmark, with a price target of $18.00. The stock opened at $1.18. In its recent quarterly earnings on August 13, the company reported an EPS of $0.03, exceeding estimates, and revenue of $135.54 million, above the $127 million forecast. Institutional investors now own about 32.94% of the company, with notable recent stakes from several hedge funds.