Streetbeat News

Analyst Ratings

AAPL

Gene Munster of Deepwater Asset Management predicts that Apple Inc.'s (NASDAQ:AAPL) Vision Pro mixed-reality headset will take two years to reach one million unit sales, a slower pace compared to the iPhone's initial sales. Despite higher revenue from the Vision Pro's opening weekend, estimated at $555 million from 150,000 units, Munster suggests that the adoption rate will be gradual. Analyst Ming-Chi Kuo's estimates align with Munster's, noting potential tapering demand post-launch. The high price of the Vision Pro at $3,499 may hinder rapid adoption, contrasting with Apple's strategic shift towards wearable technology.

Portfolio Pulse from Ananya Gairola

January 23, 2024 | 3:24 am

LLY

TSLA

Jim Cramer, host of CNBC's 'Mad Money,' suggested that Tesla Inc (TSLA) could be replaced by Eli Lilly and Co (LLY) in the 'Magnificent Seven' list of mega-cap stocks due to Tesla's recent underperformance and Eli Lilly's strong market position. Tesla's stock has fallen by 16% in 2024, while Eli Lilly has surged to record highs and could potentially become the first drug maker to reach a $1 trillion valuation.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 3:02 am

ADM

DWAC

NFLX

TSLA

UAL

Stocks of Digital World Acquisition Corp (DWAC), Netflix (NFLX), United Airlines (UAL), Archer-Daniels-Midland (ADM), and Tesla (TSLA) were in focus. DWAC surged 88.36% after an endorsement of Trump by Florida's Governor. Netflix saw a modest gain ahead of its Q4 earnings report. United Airlines dipped slightly despite positive Q4 results. ADM shares fell 24.20% amid an accounting investigation. Tesla's stock decreased by 1.60% following Jim Cramer's suggestion to remove it from the 'Magnificent Seven' index.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 2:07 am

CARA

Needham analyst Joseph Stringer has maintained a Buy rating on Cara Therapeutics (NASDAQ:CARA) but has reduced the price target from $6 to $5.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 10:07 pm

AMD

NVDA

Jim Breyer, CEO of Breyer Capital, expressed strong support for Nvidia (NVDA) and AMD (AMD) on CNBC's 'Squawk Box', citing their pivotal role in AI applications, especially in healthcare. Breyer praised Nvidia's software layer around their chips and AMD's potential in AI hardware growth, expecting both companies to thrive. KeyBanc analyst John Vinh noted AMD's competitive edge and $2 billion outlook for MI300 compute accelerators in 2024. Nvidia's stock closed slightly up, while AMD's closed down on Monday.

Portfolio Pulse from Erica Kollmann

January 22, 2024 | 9:59 pm

BTCUSD

Jim Cramer, host of 'Mad Money', has expressed a bearish view on Bitcoin, suggesting that the cryptocurrency has not yet found its footing and is far from the bottom. His comments on social media have sparked reactions from the crypto community, with some interpreting his bearish stance as a bullish signal, given his track record of 'reverse Midas' takes. An Inverse Cramer ETF exists for investors who bet against his predictions. The crypto community has responded with a mix of sarcasm, optimism, and humor, with some suggesting that Cramer's prediction could indicate that the bottom is near.

Portfolio Pulse from Murtuza Merchant

January 22, 2024 | 9:52 pm

ADM

ALB

GILD

SNPS

SPY

VFC

XLI

The S&P 500, Dow Jones, and Nasdaq 100 hit all-time highs, with the S&P 500 closing at 4,850 points. Ed Yardeni outlined three scenarios for the market's future, with the 'Roaring 2020s' as the most likely. SPDR S&P 500 ETF Trust (SPY) rose to $483.52. Industrials led gains with the Industrials Select Sector SPDR Fund (XLI) up 0.75%, while Utilities and Consumer Staples lagged. V.F. Corporation (VFC), Synopsys Inc. (SNPS), and Albemarle Corp. (ALB) were top performers, whereas Archer-Daniels-Midland Company (ADM), Gilead Sciences Inc. (GILD), and Bunge Limited (GB) were among the worst.

Portfolio Pulse from Piero Cingari

January 22, 2024 | 9:34 pm

PATH

UiPath, Inc. (NYSE:PATH) shares experienced an uptick on Monday, rising over 7.50%, breaking away from a selloff that began at the end of December. The stock had reached a 52-week high at the end of December but then fell nearly 20% due to rising Treasury yields and general market weakness. The recent rise in shares did not have a major catalyst, although the company announced Pradeep Kumar as the new Senior Vice President of Services and Customer Success. Additionally, UiPath appointed Rob Enslin and June Yang to its Board of Directors and received an updated price target from Barclays analyst Raimo Lenschow, who maintained an Equal-Weight rating and raised the target from $21 to $23.

Portfolio Pulse from Ryan Gustafson

January 22, 2024 | 9:12 pm

SPY

Scott Shellady, known as The Cow Guy, warned of a potential market 'reckoning' in 2024 on Benzinga’s PreMarket Prep. He believes the consumer is the weak link in the economy, and the labor market is not as strong as jobs data suggest. Despite recent equity market highs, with the S&P 500 and SPDR S&P 500 ETF Trust (SPY) reaching record levels, Shellady is skeptical about the sustainability of growth. He points out that consumers are increasingly indebted and predicts that the expected rate cuts by the Federal Reserve will not materialize as hoped, with possibly just one cut instead of several.

Portfolio Pulse from Neil Dennis

January 22, 2024 | 9:08 pm

MDB

MongoDB (NASDAQ:MDB) received mixed ratings from 12 analysts in the past three months, with an updated 12-month average price target of $460.0, reflecting a 6.56% increase from the previous target. Analysts' actions include maintaining, raising, and lowering ratings and price targets. MongoDB's financials show strong revenue growth and market capitalization, with a solid net margin and ROE, but a negative ROA. The company's debt-to-equity ratio is below industry average.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 9:01 pm