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Analyst Ratings

LYFT

TSLA

UBER

Ark Investment Management predicts that Tesla's platform fees in autonomous ride-hailing could be much higher than previously estimated, potentially commanding 80-90% of the gross revenues. This is due to factors such as improved safety and operational efficiencies in autonomous vehicles. However, Tesla may need to offer incentives to attract vehicle owners to join their network, and additional costs like congestion taxes could impact profitability.

Portfolio Pulse from Anan Ashraf

July 11, 2023 | 7:29 am

GOOG

GOOGL

SSNLF

Nothing's CEO, Carl Pei, has expressed disinterest in launching a foldable device, challenging the notion that this latest smartphone technology is the future. He dismissed rumors about a potential foldable phone from Nothing, labeling foldable as niche products. He also stated that consumers struggle to differentiate between foldable models, suggesting a lack of demand for such devices. However, he did not rule out the possibility of a foldable phone in the future.

Portfolio Pulse from Ananya Gairola

July 11, 2023 | 7:26 am

TSLA

Jim Cramer, a market commentator, has stated that Ford Motor Co's electric truck Lightning is superior to Tesla's upcoming Cybertruck. Cramer also mentioned that he sees 'real value' in Ford more than its current $14 share price, suggesting it could return to its high of $25 from January 2022. Ford CEO Jim Farley agreed with Cramer's view on the Cybertruck, dismissing it as a high-end product for Silicon Valley people, while Ford makes trucks for real people who do real work.

Portfolio Pulse from Anan Ashraf

July 11, 2023 | 3:19 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin saw gains as the number of wallets holding at least one Bitcoin reached a record-breaking 1,008,737 million. Analysts suggest that this surge in decentralization within the network could lead to a 'big move' for Bitcoin. Standard Chartered has given Bitcoin a strong vote of confidence with a price target of $50,000 this year and $120,000 for 2024. However, the timeline for the next Bitcoin bull run is estimated to be about eight months.

Portfolio Pulse from Mehab Qureshi

July 11, 2023 | 2:53 am

META

TWTR

Anas Haqqani, a senior leader in the Taliban, has publicly endorsed Twitter over Meta Platforms Inc’s Threads, criticizing Meta's content policy as 'intolerant'. This comes amidst Twitter's struggle to retain users and advertisers, with the site facing operational issues and competition from rising platforms like Threads. Under Elon Musk's leadership, Twitter has reportedly seen a surge in hate speech and a 59% plunge in ad sales since last year.

Portfolio Pulse from Benzinga Newsbot

July 11, 2023 | 12:57 am

FSR

HOOD

IOVA

RIOT

TSLA

U.S. stocks traded higher with the Nasdaq Composite, Dow, and S&P 500 all seeing gains. Fisker Inc (FSR) closed 17.17% higher after announcing a convertible notes offering. Robinhood Markets Inc (HOOD) closed 3.89% higher with unusual options activity. Tesla Inc (TSLA) closed 1.76% lower despite an upgraded price target. Riot Platforms Inc (RIOT) closed 8.91% higher with unusual options activity. Iovance Biotherapeutics Inc (IOVA) closed 21.41% higher after announcing positive regulatory and clinical updates.

Portfolio Pulse from Benzinga Newsbot

July 11, 2023 | 12:20 am

CVNA

TSLA

Carvana Co (NYSE:CVNA) reported that its EV unit sales have grown by 786% over the last five years, with Tesla Inc (NASDAQ:TSLA) topping the list of bestsellers for the third year in a row. The Model 3 is the most popular used EV on Carvana due to its low prices. Tesla's strategy of lowering prices on its vehicles has boosted sales and driven better-than-expected delivery numbers. Tesla represents three of the top six bestselling EVs on Carvana's platform.

Portfolio Pulse from Adam Eckert

July 10, 2023 | 10:13 pm

COIN

CVNA

MTDR

MTUM

PDP

Tim Quast, CEO of ModernIR, discussed momentum trading strategies on Benzinga's 'PreMarket Prep', highlighting the importance of modest, repeated returns. He identified four momentum stocks with near daily volatility: Carvana Co (CVNA), Matador Resources Co (MTDR), Unity Software Inc (U), and Coinbase Global Inc (COIN). Quast also mentioned momentum trading-focused ETFs like the iShares MSCI USA Momentum Factor ETF (MTUM), and the Invesco DWA Momentum ETF (PDP). His strategy emphasizes riding the wave of a stock’s upward trend and selling as soon as there are signs of a downward trend.

Portfolio Pulse from AJ Fabino

July 10, 2023 | 9:01 pm

EBAY

Over the past 3 months, 8 analysts have published their opinion on eBay (NASDAQ:EBAY) stock. The average price target for eBay is $48.88, with a high of $59.00 and a low of $34.00. This average price target has increased by 4.0% over the past month.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 9:01 pm

International Paper (NYSE:IP) has received mixed analyst ratings in the last quarter, with one somewhat bullish, one indifferent, one somewhat bearish, and one bearish rating. The average 12-month price target for the company, according to four analysts, is $33.25, a decrease of 5.67% from the previous average of $35.25.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 9:01 pm