Streetbeat News

Analyst Ratings

RIOT

Riot Platforms Inc (NASDAQ:RIOT) shares increased following an upgrade from JPMorgan. Analyst Reginald Smith upgraded the stock from Neutral to Overweight with a $15 price target, citing Riot's industry-leading power contracts, scale, liquidity, and potential for significant hashrate growth to 31.5 EH/s by year-end. The upgrade comes amid a 25% decline in RIOT shares over the last month and broader crypto market volatility. Riot Platforms focuses on blockchain technologies aiming to be a leading bitcoin-driven infrastructure platform.

Portfolio Pulse from Adam Eckert

March 20, 2024 | 2:25 pm

WU

Monness, Crespi, Hardt analyst Gus Gala initiates coverage on Western Union (NYSE:WU) with a Neutral rating, indicating a balanced view on the company's stock without a strong buy or sell recommendation.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 2:24 pm

IMXI

Monness, Crespi, Hardt analyst Gus Gala initiates coverage on IntL Money Express (IMXI) with a Buy rating and a price target of $27.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 2:20 pm

RELY

Monness, Crespi, Hardt analyst Gus Gala initiates coverage on Remitly Global (NASDAQ:RELY) with a Buy rating and a price target of $29.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 2:19 pm

UFPT

CJS Securities analyst Justin Ages has initiated coverage on UFP Technologies (NASDAQ:UFPT) with a Market Outperform rating and set a price target of $255.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 2:17 pm

TME

Tencent Music Entertainment Group's shares saw an increase following an upgrade by Goldman Sachs from Neutral to Buy, along with a new price target of $14.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 2:16 pm

AL

Air Lease's (NYSE:AL) short interest has decreased by 18.23% since the last report, with 1.63 million shares sold short, representing 1.57% of its float. This decline in short interest, which now stands below the peer group average of 3.92%, could indicate a more bullish sentiment towards AL. However, this does not guarantee a near-term price rise. Short interest is a critical market sentiment indicator, and its decrease suggests fewer traders are betting against the stock.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 2:15 pm

EQIX

Equinix shares have dropped in response to a short report published by Hindenburg Research.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 2:11 pm

D

DKNG

IRBT

PAA

RIVN

Jim Cramer expressed his views on several companies. He criticized Dominion Energy's balance sheet management and recommended selling iRobot, citing its preliminary Q1 loss. Cramer preferred Enterprise Products Partners over Plains All American Pipeline and praised Rivian as well-run but advised against buying its stock. He suggested waiting for a better entry point for DraftKings. Price actions for these companies were also noted, with iRobot, Rivian, and DraftKings experiencing varied movements.

Portfolio Pulse from Avi Kapoor

March 20, 2024 | 2:04 pm

FUSN

Raymond James analyst Rahul Sarugaser downgraded Fusion Pharmaceuticals (NASDAQ:FUSN) from Strong Buy to Market Perform, indicating a change in the firm's outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 2:04 pm