Streetbeat News

Analyst Ratings

INST

Keybanc analyst Jason Celino has initiated coverage on Instructure Hldgs (NYSE:INST) with an Overweight rating and a price target of $32.

Portfolio Pulse from richadhand@benzinga.com

July 06, 2023 | 8:30 am

META

Keybanc analyst Justin Patterson maintains an Overweight rating on Meta Platforms (NASDAQ:META) and raises the price target from $280 to $335.

Portfolio Pulse from richadhand@benzinga.com

July 06, 2023 | 8:27 am

HUBS

Piper Sandler analyst Brent Bracelin has downgraded HubSpot (NYSE:HUBS) from Overweight to Neutral, while raising the price target from $482 to $520.

Portfolio Pulse from richadhand@benzinga.com

July 06, 2023 | 8:24 am

GLBE

Piper Sandler analyst Brent Bracelin maintains an Overweight rating on Global E Online (NASDAQ:GLBE) and raises the price target from $38 to $54.

Portfolio Pulse from richadhand@benzinga.com

July 06, 2023 | 8:17 am

BILL

Piper Sandler analyst Brent Bracelin maintains an Overweight rating on BILL Holdings (NYSE:BILL) and raises the price target from $110 to $165.

Portfolio Pulse from richadhand@benzinga.com

July 06, 2023 | 8:14 am

BNBUSD

BTCUSD

Binance CEO Changpeng Zhao anticipates a surge in trading volume over the next six to 18 months. He attributes the expected increase to several factors, including new applications for spot Bitcoin ETFs and the forthcoming Bitcoin halving event. Despite ongoing legal issues with U.S. regulators, Zhao maintains a positive outlook on the future of crypto and reassures that Binance has the stamina to last even if the bear market persists.

Portfolio Pulse from Murtuza Merchant

July 05, 2023 | 10:54 pm

QQQ

SPY

The Federal Open Market Committee (FOMC) meeting minutes showed a consensus for continued interest rate hikes next year, echoing Fed Chair Jerome Powell's stance. Economists are divided in their interpretation of the minutes, with some foreseeing a mild recession due to tightening credit conditions. Post minutes’ release, the SPDR S&P 500 ETF (SPY) and the Invesco QQQ Trust (QQQ) saw subtle reactions.

Portfolio Pulse from AJ Fabino

July 05, 2023 | 9:21 pm

META

Jim Cramer, a CNBC host, has expressed his support for Meta Platforms Inc's (NASDAQ:META) upcoming social media platform, Threads, over Twitter. Cramer believes that dissatisfaction among Twitter's 300 million users presents an opportunity for Threads. His comments come after Twitter, under Elon Musk's leadership, faced backlash for limiting the number of posts users can see per day and for introducing a subscription feature called Twitter Blue.

Portfolio Pulse from Adam Eckert

July 05, 2023 | 9:19 pm

PLUG

In the last quarter, Plug Power (NASDAQ:PLUG) received 17 analyst ratings, with 3 being bullish, 5 somewhat bullish, and 9 indifferent. The company's average 12-month price target is $16.91, a decrease of 2.98% from the previous average of $17.43.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 9:00 pm

SHOP

A significant bullish stance on Shopify (NYSE:SHOP) has been observed through unusual options activity. The overall sentiment of these big-money traders is split between 56% bullish and 43% bearish. Whales have been targeting a price range from $30.0 to $85.0 for Shopify over the last 3 months. JMP Securities downgraded its action to Market Outperform with a price target of $70, while Jefferies maintained their Hold rating on Shopify, with a price target of $65.

Portfolio Pulse from Benzinga Insights

July 05, 2023 | 8:46 pm