Streetbeat News

Partnerships

MITK

N-iX is partnering with Mitek Systems to integrate its technology into their offerings, aiming to enhance fraud prevention services for their clients. This collaboration is expected to leverage Mitek's advanced verification and mobile deposit technology to bolster security measures.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 5:47 pm

ACIU

TAK

AC Immune SA (ACIU) stock surged 33.8% after announcing an exclusive worldwide option and license agreement with Takeda Pharmaceutical (TAK) for Alzheimer's-focused immunotherapies, including ACI-24.060. AC Immune will receive an upfront payment of $100 million and is eligible for up to $2.1 billion in potential milestones, plus tiered royalties on worldwide sales.

Portfolio Pulse from Vandana Singh

May 13, 2024 | 5:46 pm

AAPL

RIVN

Rivian Automotive, Inc. (RIVN) shares are trading higher due to better-than-expected first-quarter revenue and maintained 2024 production forecast. Speculation about a potential partnership with Apple (AAPL) and influence from retail investor favorites like GameStop and AMC Entertainment are also contributing factors. Technical analysis suggests a bullish outlook based on its position relative to the 200-day moving average.

Portfolio Pulse from Erica Kollmann

May 13, 2024 | 5:31 pm

MSFT

OpenAI's Spring Update Event has started, with CTO Mira Murati announcing the launch of a desktop version of ChatGPT and the release of a new model named GPT-4O. This development could signify a significant step forward in AI technology and its applications.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 5:03 pm

BLK

Anthony Scaramucci, founder of SkyBridge Capital and former Trump ally, predicts Bitcoin will reach $150,000, citing its current asset composition in SkyBridge and recent ETF adoptions by firms like Blackrock Inc (BLK). He compares the current crypto environment to the early internet era, expecting Bitcoin's user base to expand significantly. Scaramucci's bullish stance is reinforced by his firm's resilience through various market downturns and the FTX collapse. He also mentions his upcoming book detailing his experiences.

Portfolio Pulse from Aaron Bry

May 13, 2024 | 5:02 pm

GOOG

GOOGL

Ahead of Google I/O, BofA analyst Justin Post maintains a Buy rating on Alphabet (GOOG, GOOGL) with a $200 price target, anticipating significant AI announcements. The event will showcase AI integration across Google's ecosystem, including search and mobile technologies. Post expects new features and capabilities powered by Gemini and SGE, highlighting AI's role in enhancing Google's app ecosystem, search results, and mobile capabilities. Despite recent hardware launches, AI-driven features and potential new announcements, like the Pixie digital assistant, are in focus. The event could also spotlight Android 15 and other platform enhancements, amid Google's AI advancements and negotiations with Apple for a Gemini licensing deal.

Portfolio Pulse from Anusuya Lahiri

May 13, 2024 | 5:01 pm

NYAX

Nayax Ltd. announced a strategic partnership with Slovakia's ASO Vending to install thousands of Nayax's Onyx contactless card readers on vending machines across Slovakia, significantly increasing Nayax's active devices in the country. The devices will be financed through Nayax Capital, with support from Jimark, Nayax's approved distributor in Slovakia and the Czech Republic.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 4:57 pm

IBTA

WMT

Ibotta Inc (NYSE:IBTA) sees positive analyst coverage with price targets ranging from $103 to $130, highlighting its revenue growth potential and strategic partnerships, notably with Walmart Inc (NYSE:WMT). Analysts emphasize Ibotta's pivot to a performance network, its role as a leading digital rewards platform, and its leverage in digital advertising and grocery sectors.

Portfolio Pulse from Priya Nigam

May 13, 2024 | 4:37 pm

MA

V

Piper Sandler initiated coverage on Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA) with Overweight ratings, highlighting their strong positions in the global payments landscape and potential for growth driven by generative AI and extensive FinTech ecosystem partnerships. Visa and Mastercard are expected to benefit from significant tech investments, including in generative AI, with a potential opportunity of over $255 trillion in the consumer payments sector. Mastercard is expected to see 11.0% revenue growth this year and 12.7%+ by FY25, while Visa is expected to drive revenue growth of 10.7%.

Portfolio Pulse from Surbhi Jain

May 13, 2024 | 4:19 pm

RBLX

SKX

SLE

Skechers Inc. (SKX) and Super League Enterprise Inc (SLE) have partnered to launch a virtual store in Roblox Corp's (RBLX) Livetopia's Topia Mall, aiming to engage young consumers with immersive experiences. The store has seen significant engagement, with 3.4 million visits and 4 million try-ons within the first five weeks. This initiative aligns with Gen Z's preferences for shopping in the metaverse, as indicated by a Roblox survey.

Portfolio Pulse from Shivani Kumaresan

May 13, 2024 | 4:00 pm