Streetbeat News

Analyst Ratings

WMS

Keybanc analyst Jeffrey Hammond has initiated coverage on Advanced Drainage Systems (NYSE:WMS) with an Overweight rating and a price target of $150.

Portfolio Pulse from richadhand@benzinga.com

July 24, 2023 | 8:26 am

PPG

Keybanc analyst Aleksey Yefremov maintains an Overweight rating on PPG Indus (NYSE:PPG) and raises the price target from $171 to $172.

Portfolio Pulse from richadhand@benzinga.com

July 24, 2023 | 8:24 am

ABNB

Keybanc analyst Justin Patterson maintains an Overweight rating on Airbnb (NASDAQ:ABNB) and raises the price target from $135 to $160.

Portfolio Pulse from richadhand@benzinga.com

July 24, 2023 | 8:23 am

BTCUSD

Standard Chartered analyst Geoff Kendrick predicts that Bitcoin's price could exceed $120,000 due to a positive feedback loop created by miners holding onto tokens. The upcoming halving of Bitcoin in 2024, which will reduce the reward given to miners, is another factor that could lead to price increases.

Portfolio Pulse from Benzinga Neuro

July 24, 2023 | 4:29 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin saw a slight uptick ahead of the Federal Reserve's potential interest rate hike and the expiration of Bitcoin options. The SEC may contest the recent Ripple ruling. The global crypto market capitalization stands at $1.20 trillion. Analysts suggest that altcoins may be prepared for a sustained corrective move, but Ethereum could be an exception. S&P 500 futures and Nasdaq 100 futures experienced minor changes.

Portfolio Pulse from Mehab Qureshi

July 24, 2023 | 2:13 am

BTCUSD

ETHUSD

SOLUSD

James Mullarney, host of InvestAnswers, predicts that Solana (CRYPTO: SOL) could reach close to its all-time high once Ethereum (CRYPTO: ETH) starts its bull market. He suggests that Solana could rise to $250, an 870% increase from its current price of $25.75, triggered by Ethereum's Cancun upgrade. Mullarney also reaffirmed his previous prediction that Bitcoin (CRYPTO: BTC) could increase by over 40% from its current levels by early 2024.

Portfolio Pulse from Bibhu Pattnaik

July 23, 2023 | 7:58 pm

BABA

BYDDY

UPS

This week's economic highlights include China's Q2 GDP miss, the final Fed rate hike, a potential UPS strike, and insights from 9 million bank accounts. China's GDP growth fell short of expectations, potentially impacting tech companies like Alibaba and JD.com, and new energy vehicle manufacturers like BYD. A potential strike at UPS could impact the logistics industry and contribute to inflationary pressures. A report from JP Morgan Chase reveals that the median American now has more money in the bank than before the pandemic.

Portfolio Pulse from Benzinga Neuro

July 23, 2023 | 10:02 am

AAPL

META

TSLA

This week in AI saw developments such as OpenAI's ChatGPT showing promising results in a hypothetical investment portfolio challenge, with Tesla being a key asset. A new AI tool, CHARM, showed potential in cancer treatment. President Biden made comments about AI regulation. Mark Zuckerberg announced plans to open up Meta's LLaMA 2 to developers. Apple is reportedly working on AI tools that could challenge those of OpenAI and Google.

Portfolio Pulse from Benzinga Neuro

July 23, 2023 | 9:04 am

BTC-USD

MSFT

Nassim Nicholas Taleb, author of 'The Black Swan', suggests that the popularity of cryptocurrencies is waning among young adults, who are now more interested in artificial intelligence (AI). Taleb has been a vocal critic of cryptocurrencies, particularly Bitcoin. He believes that the recent frauds, bankruptcies, and regulatory crackdowns have led to a crisis of confidence in cryptocurrencies. Meanwhile, the interest in AI has been growing, with companies like Microsoft partnering with OpenAI and integrating its technology into their businesses.

Portfolio Pulse from Shanthi Rexaline

July 22, 2023 | 5:59 pm

AMC

MAT

ROKU

TSLA

VRTX

Barron's weekend stock picks include Mattel Inc, AMC Entertainment Holdings Inc, Vertex Pharmaceuticals, Tesla Inc, and Roku Inc. Mattel's stock could be revitalized by the success of the Barbie film and other upcoming films. AMC's stock surged after a judge blocked the company from converting its AMC Preferred Equity shares into common stock. Vertex Pharmaceuticals' stock may see a boost due to the promising potential of a non-opioid painkiller. Trading data suggests there might be fewer Tesla bulls than assumed. Roku's new products and features could drive user growth.

Portfolio Pulse from Justin Chan

July 22, 2023 | 3:13 pm