Streetbeat News

Analyst Ratings

LSPD

Piper Sandler analyst Clarke Jeffries has reiterated a Neutral rating on Lightspeed Commerce (NYSE:LSPD) and maintained a price target of $18.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 9:36 am

GLD

Cathie Wood of Ark Investment Management has expressed concerns about bond yields and the current monetary policy. She believes the economy is in a 'rolling recession' and expects long-term interest rates to drop below 2%. Wood also noted that the U.S. federal deficit is at about 6% of nominal GDP and suggested that rapid growth, similar to the 80s and 90s, could help contain the deficit. The SPDR Gold Shares (NYSE:GLD) ended Friday’s session up 0.36% at $184.79.

Portfolio Pulse from Shanthi Rexaline

November 06, 2023 | 7:46 am

AAPL

The launch of Apple Inc.'s self-driving car, initially referred to as 'Project Titan', may not happen until later in the decade, according to Bloomberg's Mark Gurman. This comes after tech analyst Ming-Chi Kuo stated that he has 'lost all visibility' on the Apple Car project. Despite the long development period, the project has only consumed 4% of Apple's total R&D spend in 2022.

Portfolio Pulse from Ananya Gairola

November 06, 2023 | 7:32 am

TDC

Teradata Corporation (NYSE:TDC) is expected to report higher Q3 earnings at 42 cents per share, up from 31 cents per share a year ago. The company's revenue is projected to be $437.5 million, compared to $421.61 million in the year-ago period. Teradata's shares gained 3.2% to close at $44.50 on Friday. Several analysts have recently adjusted their price targets for the company, with most maintaining a positive outlook.

Portfolio Pulse from Lisa Levin

November 06, 2023 | 6:25 am

META

NVDA

Chinese startup 01.AI, founded by former Google China President Kai-Fu Lee, has achieved a $1 billion valuation in less than eight months. The company's open-source AI model, Yi-34B, has outperformed Meta Platforms Inc.'s Llama 2 on certain metrics. Despite the US ban on selling Nvidia Corp.'s advanced AI semiconductors to Chinese customers, 01.AI has stockpiled the chips it needs for the foreseeable future.

Portfolio Pulse from Benzinga Neuro

November 06, 2023 | 3:47 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies saw a mixed performance with Bitcoin consolidating around $34,000-$35,000. Analysts suggest that surpassing the $35,000 mark is the next plausible move for BTC. Sam Bankman-Fried, the founder and former CEO of FTX, has been found guilty of defrauding his customers and lenders. The global crypto market cap stands at $1.28 trillion, reflecting a decrease of 3.05% in the past 24 hours. U.S. equity futures showed little movement on Sunday evening.

Portfolio Pulse from Mehab Qureshi

November 06, 2023 | 2:46 am

CTRA

EYPT

INTU

MRK

Mizuho's equity research team has released its top buy-rated picks for November, including Coterra Energy Inc (CTRA), Merck & Co. (MRK), EyePoint Pharmaceuticals (EYPT), and Intuit (INTU). Despite a Wall Street average rating of 'hold' for Coterra, Mizuho is bullish on the stock. Mizuho is also positive about Merck, EyePoint Pharmaceuticals, and Intuit. The stocks of these four companies are anticipated to see further growth, with Mizuho's analysts offering optimistic projections for each.

Portfolio Pulse from Benzinga Neuro

November 05, 2023 | 7:33 pm

MRMD

Zuanic & Associates initiates coverage of cannabis company MariMed (OTC:MRMD) with an Overweight rating, stating the stock is undervalued compared to its peers. MariMed operates in four states, with significant sales from Illinois, Massachusetts, Maryland, Ohio and upcoming operations in Missouri and Delaware. The company acquired Kind Therapeutics in Maryland in April 2022 and doubled sales with the introduction of recreational cannabis in July 2023. MariMed's FY23 guidance anticipates substantial growth, with sales reaching at least $150 million and an adjusted EBITDA of $32-35 million. The company is expected to become a top 10 multi-state operator by 2025.

Portfolio Pulse from Nicolás Jose Rodriguez

November 05, 2023 | 6:55 pm

ETHUSD

SOLUSD

Bloomberg crypto analyst Jamie Coutts predicts a 3900% increase in the market cap of smart contract cryptocurrencies, led by Ethereum and Solana, within the next five years. The daily user base for smart contract platforms is currently over 5 million, with a growth rate of 29% per quarter since 2019. Coutts anticipates a user increase to 100 million by 2028. The total market valuation of the smart contract ecosystem could leap from the current $350 billion to $5 trillion to $14 trillion.

Portfolio Pulse from Bibhu Pattnaik

November 05, 2023 | 1:41 pm

AAPL

This week, Apple Inc. (NASDAQ:AAPL) was in the news for various reasons. The company's long-standing privacy concerns about Android were revealed in the ongoing Google antitrust trial. Apple also abandoned 'Project Fennel', an initiative to make Apple Watch and Health app compatible with Android devices. Rumors about the iPhone 16 suggest it might adopt molded glass lenses for a slimmer camera system and better optical zoom. Tech investor Gene Munster believes Wall Street's reaction to Apple's Q4 results is exaggerated. Lastly, Apple compared the performance of the new M3 chip with its predecessor, the M1, during the 'Scary Fast' launch of the M3-powered MacBooks and iMacs.

Portfolio Pulse from Benzinga Neuro

November 05, 2023 | 12:23 pm