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Analyst Ratings

BTCUSD

USDTUSD

Cryptocurrency analyst Justin Bennett warns of a potential downturn in Bitcoin's value, citing the Tether dominance chart as a key indicator. Bennett suggests that Bitcoin has not reached its market bottom yet, potentially retesting mid $44,000 levels. He also draws parallels between current SPX trends and Bitcoin's 2021 peak behavior, hinting at future movements.

Portfolio Pulse from Bibhu Pattnaik

February 04, 2024 | 3:00 pm

BLK

JPM

Financial experts including Bill Gross, BlackRock, and Jamie Dimon provided insights on the U.S. economy, discussing a looming debt crisis, bullish views on U.S. stocks, and potential unemployment rate increases. Gross compared the U.S.'s $34 trillion debt to climate change impacts, predicting inflation due to annual deficits. BlackRock upgraded U.S. stocks to 'overweight', anticipating an economic soft landing and interest rate cuts. Mizuho's Dominic Konstam projected unemployment could double by year-end. Peter Schiff criticized the Federal Reserve's inflation policy, and Dimon warned of a global market 'rebellion' due to U.S. debt levels.

Portfolio Pulse from Benzinga Neuro

February 04, 2024 | 11:08 am

BTCUSD

'Rich Dad Poor Dad' author Robert Kiyosaki issued a warning about an imminent crash in the stock and bond markets, despite recent positive trends. He attributes the market's buoyancy to the 'Magnificent Seven' companies, supported by government funding, and criticizes the perceived economic prosperity as deceptive. Kiyosaki's skepticism extends to traditional financial systems, advocating for Bitcoin as a defense against wealth erosion. His history of similar predictions has drawn skepticism from some market observers.

Portfolio Pulse from Bibhu Pattnaik

February 03, 2024 | 5:46 pm

AMD

AMZN

META

TSLA

Benzinga's analysis highlights a strong week for the S&P 500, Nasdaq, and Dow, driven by tech earnings and job growth. Meta Platforms and AMD received bullish outlooks due to Q4 earnings and AI potential, respectively. Dogecoin is predicted to rise. Tesla faces uncertainty after a court ruling against Musk's pay plan, while Amazon's failed iRobot deal and tech market concentration concerns suggest caution.

Portfolio Pulse from Michael Cohen

February 03, 2024 | 1:42 pm

BTCUSD

ETHUSD

Crypto analyst Michaël van de Poppe predicts a 72% bull run for Ethereum (ETH) in the next 3-6 months, driven by the Dencun upgrade, Ethereum Spot ETF hype, and Bitcoin rotation. Bloomberg Intelligence suggests a 60% chance of Ethereum ETFs launching in 2024, which could significantly boost ETH's value. Ethereum's integration with AI could also influence its price positively.

Portfolio Pulse from Rounak Jain

February 03, 2024 | 6:40 am

META

NVDA

Meta Platforms Inc. (META) reported a 25% year-on-year increase in fourth-quarter revenue to $40.11 billion and announced its first-ever quarterly dividend. The company's focus on AI and efficiency, including a 22% reduction in headcount and an 8% decrease in total expenses, has impressed analysts. Wedbush's Dan Ives and Deepwater Asset Management's Gene Munster both expressed bullish views on Meta's future, particularly in AI. Meta's stock rose 20% post-earnings, with a 37% gain since the start of 2024. Analysts have upgraded Meta's price targets to $500-$525. Meta also announced the second generation of its AI chip, aiming to reduce reliance on Nvidia Corp. (NVDA).

Portfolio Pulse from Rounak Jain

February 03, 2024 | 2:50 am

CTGO

GFI

RS

X

BMO Capital downgraded Gold Fields Limited (GFI) to Underperform with a lower price target. Reliance Steel & Aluminum Co. (RS) acquired Cooksey Iron & Metal, aiming to strengthen its position in the Southeastern market. Glancy Prongay & Murray LLP is investigating Contango ORE, Inc. (CTGO) for potential state law violations. United States Steel Corporation (X) reported a Q4 net loss of $80 million, a significant decline from the previous year, but remains optimistic about its future, especially regarding its combination with Nippon Steel.

Portfolio Pulse from Austin DeNoce

February 02, 2024 | 9:26 pm

ONEW

Analysts have recently updated their ratings and price targets for OneWater Marine (NASDAQ:ONEW), showing a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased to $33.83, reflecting a positive outlook. The company's financial performance indicates a revenue growth of 13.45% for the last quarter, but challenges in profitability and asset utilization remain, with a net margin of -21.92% and an ROA of -5.71%.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 9:00 pm

DGX

Analysts have mixed views on Quest Diagnostics (NYSE:DGX), with recent ratings ranging from bullish to bearish. Over the last quarter, 7 analysts provided ratings, showing a shift towards a more neutral stance in the last 30 days. The average 12-month price target for DGX has been raised to $146.57, indicating a 4.91% increase from the previous target of $139.71. Despite a -7.68% decline in revenue over the past 3 months, Quest Diagnostics maintains strong financial indicators such as a high net margin of 9.72% and an ROE of 3.52%. The company's debt-to-equity ratio is also below industry norms at 0.76.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 9:00 pm

WNS

Needham analyst Mayank Tandon maintains a Buy rating on WNS (Hldgs) (NYSE:WNS) but lowers the price target from $85 to $80.

Portfolio Pulse from Benzinga Newsdesk

February 02, 2024 | 8:55 pm