Streetbeat News

Analyst Ratings

Keybanc analyst Justin Patterson maintains an Overweight rating on DoubleVerify Hldgs (NYSE:DV) and raises the price target from $34 to $45.

Portfolio Pulse from richadhand@benzinga.com

July 31, 2023 | 8:14 am

RIVN

TSLA

Rivian Automotive, Inc (NASDAQ:RIVN) has seen its standing among sell-side firms improve, particularly after reporting its second-quarter deliveries. Several analysts have increased their price target for the electric vehicle startup, with one analyst stating that Rivian offers all the advantages of Tesla, Inc. (NASDAQ:TSLA) without the associated risks. The company is seen as the best way to transition from ICE to EVs, and is following Tesla's vertically integrated path. The company's stock sell-off peaked just as it realized positive production momentum in the first half of 2023.

Portfolio Pulse from Shanthi Rexaline

July 31, 2023 | 6:04 am

ETHUSD

Ethereum, the second-largest cryptocurrency by market capitalization, celebrates its 8th anniversary. Changpeng Zhao, founder and CEO of Binance, shared a missed opportunity of not investing in Ethereum before its launch. Ethereum, which traded mostly under $1 in its founding year, has seen a 187,666% gain. Despite trading way off its all-time high, Ethereum's recent upgrade to proof-of-stake is expected to push the blockchain network forward.

Portfolio Pulse from Shanthi Rexaline

July 30, 2023 | 8:00 pm

TBNK

Territorial Bancorp (NASDAQ:TBNK) reported Q2 earnings of $0.17 per share, missing the analyst consensus estimate of $0.20 by 15%. This is a 63.04% decrease from the same period last year. The company also reported quarterly sales of $11.78 million, missing the analyst consensus estimate of $11.97 million by 1.57%. This is a 20.77% decrease from the same period last year.

Portfolio Pulse from Happy Mohamed

July 30, 2023 | 7:01 pm

ANNX

Annexon, Inc. (NASDAQ:ANNX) presented results from the ongoing ARCHER trial for ANX007, a potential treatment for geographic atrophy. The data, presented at the ASRS 2023 Annual Meeting, highlighted ANX007's distinct neuroprotective mechanism and consistent protection from vision loss.

Portfolio Pulse from Charles Gross

July 30, 2023 | 6:16 pm

ADBE

NVDA

PLTR

TSLA

This week in AI, Palantir CEO warned about potential harm from AI weapons and called for regulation. Analyst predicts NVIDIA could generate up to $300 billion in AI revenues by 2027. OpenAI CEO launched Worldcoin, a cryptocurrency at the intersection of AI and finance. OpenAI's ChatGPT's portfolio, including Tesla, showed solid performance. Adobe staff expressed concerns that their AI technology could risk customers' jobs.

Portfolio Pulse from Benzinga Neuro

July 30, 2023 | 5:02 pm

FOX

FOXA

Former president Donald Trump has advised Florida governor Ron DeSantis to withdraw from the 2024 GOP nomination race due to his falling poll numbers. Trump, who is leading DeSantis by 30 to 50 points in polls, believes his withdrawal would be beneficial for the Republican party. Trump also mentioned that he might not attend the upcoming Republican debate set for August 23 in Wisconsin, which will be aired by Fox News, as he considers the network to be 'hostile'.

Portfolio Pulse from Chris Katje

July 30, 2023 | 4:57 pm

BAC

JPM

WFC

This week's economic highlights include predictions of a decade-long economic boom driven by AI, an expected Federal Reserve rate hike, potential introduction of a gold-backed currency by BRICS nations, and no signs of an impending recession. Wall Street banks, including JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc, Wells Fargo & Co., and Morgan Stanley, are preparing for regulatory shifts that could potentially wipe out nearly all of the $118 billion in extra capital they've accumulated over the past decade.

Portfolio Pulse from Benzinga Neuro

July 30, 2023 | 2:04 pm

BLK

TSLA

This week's cryptocurrency news includes the potential impact of a Bitcoin ETF from BlackRock, Elon Musk's support for Dogecoin, Robert Kennedy Jr.'s Bitcoin investment, Congressman Brad Sherman's criticism of Bitcoin, and Tesla's removal of Bitcoin from its payment options. Fundstrat predicts a Bitcoin ETF could boost Bitcoin's price to $180,000. Musk's display of the Dogecoin symbol on Twitter led to an 8% price surge. Kennedy Jr. revealed a $400,000 investment in Bitcoin. Tesla removed Bitcoin from its payment page due to regulatory and environmental concerns.

Portfolio Pulse from Benzinga Neuro

July 30, 2023 | 12:01 am

LYV

PINS

PLTR

TSLA

Barron's has highlighted several stocks in its weekend review. Pinterest's co-founder and executives sold over 166,000 shares, cashing in $5.1 million, yet analysts remain optimistic about the company. General Motors is facing labor strife, which could present a buying opportunity. Live Nation's stock continues to rise due to strong demand for concerts. Tesla is under investigation in California over its autonomous driving features, and there's controversy over its range per charge. Palantir's stock spiked after an analyst recommended it as a major player in the AI revolution.

Portfolio Pulse from Justin Chan

July 29, 2023 | 9:13 pm