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Analyst Ratings

NVDA

Evercore ISI's Julian Emanuel warns of a potential market correction due to FOMO sparked by NVIDIA Corp's (NASDAQ:NVDA) stock surge. Emanuel observes parallels to the Y2K phenomenon, with current excitement around AI. Despite a predicted 13% pullback, he remains optimistic about certain sectors. Nvidia's stock has risen 46% this year, with a 239% increase over the past year, raising valuation concerns despite its AI growth potential.

Portfolio Pulse from Benzinga Neuro

February 13, 2024 | 6:13 am

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Sei Network's token, SEI, surged 13% today, outperforming Bitcoin and Ethereum. Operating on the Cosmos blockchain, Sei aims to revolutionize decentralized exchanges with its parallelized EVM technology. Despite a quieter trading period after its initial $400 million market cap, renewed interest in alternative blockchains has spotlighted Sei. Analyst Bluntz predicts SEI could surpass $1, citing its potential for a 'fifth-wave' rally.

Portfolio Pulse from Mehab Qureshi

February 13, 2024 | 5:34 am

NVDA

Tom Lee, a partner at Fundstrat Global Advisors, expressed optimism about the ongoing AI boom, highlighting NVIDIA Corp's significant role. In an interview, Lee stated that the AI surge doesn't seem like a bubble due to real demand, emphasizing the critical mass AI has reached and its potential to address the skilled worker shortage. Nvidia's CEO, Jensen Huang, also predicted a rise in global demand for AI infrastructure, with countries prioritizing sovereign AI capabilities. The AI boom has notably benefited companies like Nvidia and Microsoft, with Nvidia leveraging AI tools to expedite chip design.

Portfolio Pulse from Benzinga Neuro

February 13, 2024 | 4:40 am

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Michael Saylor, CEO of MicroStrategy, remains bullish on Bitcoin, predicting its price could reach $1 million. His comments come as Bitcoin surpassed $50,000, supported by significant inflows into spot Bitcoin ETFs managed by BlackRock, Fidelity, and ARK 21Shares, accumulating over $10 billion in assets. The Crypto Fear & Greed Index indicates 'Extreme Greed' at a score of 79. Samson Mow, CEO of Jan3, also supports the $1 million Bitcoin price forecast, highlighting the impact of ETFs.

Portfolio Pulse from Mehab Qureshi

February 13, 2024 | 4:10 am

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Major cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin, experienced significant gains, with Bitcoin surpassing $50,000 for the first time in over two years. The surge followed the launch of spot ETFs and a bullish market trend starting January 2023. The Dow Jones reached a new high, while the S&P 500 and Nasdaq saw slight declines. Cryptocurrency stocks like Coinbase, MicroStrategy, CleanSpark, and Iris Energy also posted substantial gains. Analysts predict further strength for Bitcoin, with potential targets up to $150,000.

Portfolio Pulse from Mehab Qureshi

February 13, 2024 | 3:10 am

AAPL

Wedbush analyst Dan Ives remains optimistic about Apple Inc.'s (AAPL) future in China despite a revenue decline in the region, as reported in Apple's first-quarter earnings. The earnings showed an overall year-over-year increase, surpassing market expectations, but highlighted a 12.9% revenue drop in China due to competition and strained U.S.-China relations. Despite these challenges, Apple's stock has risen by 50% in 2023, with Ives predicting a potential $4 trillion market cap in 2024.

Portfolio Pulse from Benzinga Neuro

February 13, 2024 | 3:03 am

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Piper Sandler's analyst Michael S. Lavery assigned Canopy Growth Corporation (CGC) an 'Underweight' rating, citing financial pressures and strategic challenges despite revenue outperformance in Q3 2024. CGC's focus on the Canadian cannabis market and strategic divestitures, like This Works, aim to stabilize finances. However, the Canopy USA deal's strategic benefits remain uncertain, facing competition from MSOs like Green Thumb Industries, Cresco Labs, and Curaleaf Holdings. Piper Sandler adjusted CGC's fiscal 2024 sales estimate downwards with a new price target of US$3.00.

Portfolio Pulse from Nicolás Jose Rodriguez

February 12, 2024 | 10:02 pm

GNRC

Generac Hldgs (NYSE:GNRC) has been evaluated by 4 financial analysts in the last three months, showing a mix of ratings from bullish to indifferent. The average 12-month price target for GNRC has increased to $122.75, up from $101.67, indicating a positive outlook. Analysts from Citigroup, Roth MKM, Stifel, and B of A Securities have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Despite facing revenue challenges with a -1.62% decline over 3 months, Generac Hldgs demonstrates strong profitability and financial health, with impressive net margin, ROE, and ROA figures. However, its debt-to-equity ratio suggests potential financial challenges.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 9:01 pm

FANG

Diamondback Energy (NASDAQ:FANG) received mixed analyst ratings with a shift towards a more cautious outlook in the last quarter. Despite a slight decrease in the average 12-month price target to $187.25 from $188.00, the company's financial performance remains strong with a notable net margin and ROA. However, challenges such as a -3.85% decline in revenue growth and a below-average ROE were highlighted. The company's market position is solid, with a significant scale and robust market presence.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 9:00 pm

CCL

Recent options trading activity for Carnival (NYSE:CCL) indicates a bearish sentiment among big-money investors, with a notable split between bullish (31%) and bearish (68%) trades. Benzinga's options scanner revealed 19 unusual options trades, with a focus on a price range between $10.0 and $20.0 for CCL. The trading volume and open interest analysis suggest increased investor interest in this range. Carnival, the largest global cruise company, has seen its stock price slightly increase by 0.26% to $15.35, with an upcoming earnings report in 42 days. An analyst from Truist Securities maintains a Hold rating with an $18 price target.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 8:46 pm