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Analyst Ratings

PLTR

Palantir Technologies Inc. (NYSE:PLTR) reported Q4 earnings with profits in line and revenue exceeding expectations, leading to a surge in after-hours trading. CEO Alex Karp's remarks during the earnings call were notably praised by CNBC's Jim Cramer. Palantir's focus on AI, particularly its AIP platform, has been highlighted as a key driver for its growth and potential S&P 500 Index inclusion. Despite positive sentiment, some concerns over valuation persist.

Portfolio Pulse from Shanthi Rexaline

February 06, 2024 | 10:05 am

MNDY

Keybanc analyst Jason Celino has maintained an Overweight rating on Monday.Com (NASDAQ:MNDY) and increased the price target from $220 to $238.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:05 am

Keybanc analyst John Vinh has maintained an Overweight rating on ON Semiconductor (NASDAQ:ON) and increased the price target from $95 to $100.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 10:02 am

AAPL

INTC

META

Ark Invest analyst Andrew Kim predicts the end of the smartphone duopoly, highlighting Meta Platforms Inc.'s Ray-Ban smart glasses and other AI consumer hardware as potential disruptors. Meta's impressive financial results and focus on smart glasses and generative AI indicate a shift towards a post-smartphone era. The proliferation of AI hardware, including products like Humane Ai Pin, Tab, and Rabbit R1, suggests a fragmentation in consumer hardware similar to early personal computers and smartphones. Companies like NVIDIA, Intel, and Apple are also making strides in AI hardware, with Apple's Vision Pro mixed-reality headset facing mixed reviews and developer criticism.

Portfolio Pulse from Ananya Gairola

February 06, 2024 | 8:51 am

AMZN

GOOGL

NVDA

SOXX

Nvidia Corp. (NASDAQ:NVDA) shares surged 4.79% on Monday, reaching a new high of $693.32, after Goldman Sachs raised its price target to $800. The company's market cap is close to surpassing those of Amazon, Inc. (NASDAQ:AMZN) and Alphabet Inc. (NASDAQ:GOOGL), with Nvidia's stock up 40% this year, outperforming the iShares Semiconductor ETF (NASDAQ:SOXX), the S&P 500, and the Nasdaq 100. Nvidia's growth is driven by its leadership in AI, with upcoming Q4 results expected to further boost its valuation.

Portfolio Pulse from Shanthi Rexaline

February 06, 2024 | 8:26 am

BTC-USD

DOGE-USD

ETH-USD

LINK-USD

The global cryptocurrency market cap slightly increased by 0.6% to $1.64 trillion, with major coins like Bitcoin, Ethereum, and Dogecoin trading in the green. Despite high borrowing costs and the Federal Reserve's decision to maintain interest rates, cryptocurrencies showed resilience. Ethereum Name Service, Sui, and Optimism were top gainers. Analyst Michaël van de Poppe predicts a massive bull run for Bitcoin and cryptocurrencies in the next two years and highlights the positive impact of the upcoming Dencun upgrade on Ethereum. Chartist Ali Martinez points out Chainlink's potential for a 38% price increase if it overcomes resistance. Market analytics platform Santiment notes a bearish sentiment in the market, suggesting a possible bounce back.

Portfolio Pulse from Shivdeep Dhaliwal

February 06, 2024 | 5:07 am

TSLA

Piper Sandler analyst Alexander Potter reduced the price target for Tesla, Inc. (NASDAQ:TSLA), emphasizing the importance of Tesla's non-automotive businesses, particularly Tesla Energy, for future valuation. Potter stated that Tesla's automotive segment alone could be valued at $135 per share, assuming sales of over 15 million vehicles and a mid-teens EBIT margin. However, he believes Tesla's energy business, especially battery sales, will significantly contribute to revenue and profit growth, expecting it to double its revenue contribution to 12% by 2025 and potentially generate 10 times the revenue of Cybertrucks by the 2030s.

Portfolio Pulse from Shanthi Rexaline

February 06, 2024 | 4:56 am

GRAM

STHZF

California's cannabis market, six years post-legalization, faces challenges like oversupply and illicit trade, impacting financial expectations despite generating $5.7 billion in taxes. StateHouse Holdings (OTC:STHZF) and Gold Flora (OTC:GRAM) are highlighted as key players, with Zuanic & Associates providing analysis. StateHouse faces revenue drops and debt concerns, while Gold Flora thrives amid market consolidation with strong financials and strategic expansion. The market sees price pressures and a trend towards consolidation, with a few brands dominating. The upcoming Benzinga Cannabis Conference in Los Angeles aims to connect industry leaders and investors.

Portfolio Pulse from Nicolás Jose Rodriguez

February 06, 2024 | 4:26 am

SPY

Jim Cramer, host of CNBC's 'Mad Money', recommends investors to buy stocks before the Federal Reserve cuts rates, despite other financial experts warning of a potential market downturn. Cramer believes significant gains can be made in the current market, especially in sectors like technology, industrials, travel, and healthcare. He contrasts his optimistic view with warnings from experts like Robert Prechter and John Hussman, who predict steep market declines. Federal Reserve Chairman Jerome Powell indicated rate cuts might happen in 2024, but not as soon as March.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 2:30 am

LLY

NVDA

PLTR

SYM

TSLA

On a day when U.S. stocks traded lower, Palantir, Nvidia, Eli Lilly, Symbotic, and Tesla were among the most watched by investors. Palantir's stock fell despite a revenue increase, Nvidia surged on a bullish forecast by Goldman Sachs, Eli Lilly rose in anticipation of its weight-loss drug, Symbotic's shares dropped after mixed financial results, and Tesla declined amid concerns over alleged illegal drug use by its CEO.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 1:45 am