Streetbeat News

Analyst Ratings

BILI

JP Morgan analyst Daniel Chen upgraded Bilibili (NASDAQ:BILI) from Underweight to Neutral and increased the price target from $10 to $11.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:54 am

HUBB

Deutsche Bank analyst Nicole Deblase initiates coverage on Hubbell (NYSE:HUBB) with a Hold rating and a price target of $427.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:48 am

NVT

Deutsche Bank analyst Nicole Deblase initiates coverage on nVent Electric (NVT) with a Buy rating and a price target of $83.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:43 am

D

BMO Capital analyst James Thalacker downgraded Dominion Energy (NYSE:D) from Outperform to Market Perform and set a $49 price target.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:39 am

NVDA

Goldman Sachs' analysis of a century's worth of data suggests the S&P 500 tends to rise after periods of high market concentration, despite current concerns over tech stock dominance. The analysis, highlighting historical resilience post-concentration peaks, counters fears of a tech bubble. Notably, the semiconductor sector, with companies like NVIDIA Corp (NASDAQ:NVDA), has shown strong performance, adding to the debate on market sustainability.

Portfolio Pulse from Benzinga Neuro

March 11, 2024 | 7:33 am

BTCUSD

Bitcoin's recent surge has sparked optimism for the revival of the broader cryptocurrency market, despite a report revealing 72% of crypto projects since 2020 have failed. The introduction of spot Bitcoin ETFs in the U.S. and Bitcoin's price reaching an all-time high have contributed to renewed interest in the crypto space. Analysts predict Bitcoin could hit $100,000 by year-end, with factors like ETF inflows, the upcoming halving, and looser interest rates playing a role. Cathie Wood of ARK Invest forecasts a Bitcoin price of $600,000 by 2030, while hedge fund manager Bill Ackman considers Bitcoin as an inflation hedge.

Portfolio Pulse from Benzinga Neuro

March 11, 2024 | 6:54 am

KLAC

NVDA

TSM

KLA Corp (NASDAQ:KLAC), a semiconductor equipment company, is highlighted by fund manager Stephanie Niven as benefiting from the AI boom due to its role as a supplier to Taiwan Semiconductor (NYSE:TSM), which manufactures AI chips for NVIDIA Corp (NASDAQ:NVDA). KLA's focus on reducing manufacturing errors and wastage aligns with sustainability goals, contributing to its stock surge of 25% in 2024 and 89% over the past year. Despite concerns of a potential near-term drop due to its significant price increase, analysts remain bullish on KLA's fundamentals.

Portfolio Pulse from Benzinga Neuro

March 11, 2024 | 3:51 am

SHIBUSD

Crypto analyst Ali Martinez predicts a potential 40% surge in Shiba Inu (SHIB) price if it maintains a close above the $0.000038 resistance level, based on a symmetrical triangle pattern on the 4-hour chart. Conversely, falling below $0.000033 could negate this bullish outlook. SHIB's recent uptrend is attributed to hints of token burns and active community engagement by its lead developer. Currently, SHIB is trading 9.9% lower at $0.000031.

Portfolio Pulse from Benzinga Neuro

March 11, 2024 | 2:14 am

TSLA

TSM

Cathie Wood's Ark Invest projects a $28 trillion opportunity in AI, highlighting sectors like autonomous vehicles and drone technology. Tesla Inc (TSLA) is noted for its advancements in self-driving technology, with Ark setting a target price of $200 for TSLA shares. The firm also emphasizes the growing importance of drone technology across industries. Despite selling Nvidia shares, Ark Invest continues to invest in key suppliers like Taiwan Semiconductor Manufacturing Company Ltd. (TSM), maintaining a bullish outlook on AI and transformative technologies.

Portfolio Pulse from Benzinga Neuro

March 11, 2024 | 2:10 am

GDX

GDXJ

Gold has reached a record high, but gold mining stocks like those in the VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ) have not seen significant movement. Economist Peter Schiff predicts a catch-up rally for these stocks and suggests buying them before the market realizes their potential. Schiff also speculates that investors might be selling mining stocks for Bitcoin ETFs, and anticipates gold to open higher at $2,200 if Bitcoin crashes. Additionally, a list of gold stocks to watch is provided, considering the Federal Reserve's potential rate cuts and gold's role as an inflation hedge.

Portfolio Pulse from Shanthi Rexaline

March 10, 2024 | 5:49 pm