Streetbeat News

Price Targets

ADSK

Keybanc analyst Jason Celino has maintained an Overweight rating on Autodesk (NASDAQ:ADSK) and increased the price target from $260 to $265.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:35 am

COMP

Needham analyst Bernie McTernan has reiterated a Buy rating on Compass (NYSE:COMP) and maintained a $5 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:33 am

ELF

Raymond James analyst Olivia Tong has reaffirmed a Strong Buy rating on e.l.f. Beauty (NYSE:ELF) and increased the price target from $140 to $180. This adjustment reflects a positive outlook on the company's stock, suggesting potential upside from its current trading levels.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 9:31 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies Bitcoin, Ethereum, and Dogecoin saw declines as Google search interest for 'Bitcoin ETF' dropped significantly. Bitcoin ETF interest peaked on January 10 but fell to less than 8 by January 22. The global cryptocurrency market cap decreased by 3.45% to $1.62 trillion. Stock futures were stable, with minimal movement on Sunday evening. Analysts predict a consolidative period for cryptocurrencies, with potential for the total market cap to push towards $2.1 trillion through altcoins. Bitcoin may drop below $40,000 before the April halving, but recent bullish signals suggest a possible rebound.

Portfolio Pulse from Mehab Qureshi

January 22, 2024 | 3:00 am

BTC-USD

DOGE-USD

SHIB-USD

This week in crypto saw Shiba Inu's whale transaction volume surge by 551.4%, despite a 4.3% dip in its price. Over $200 million in long crypto positions were liquidated, with Bitcoin and Ethereum taking significant hits. Donald Trump expressed opposition to Central Bank Digital Currencies (CBDCs), vowing to prevent their creation in the U.S. An analyst predicted Dogecoin could reach $5, a 6000% increase. Edward Snowden commented on JP Morgan CEO's changing Bitcoin stance after SEC approved a Bitcoin ETF.

Portfolio Pulse from Benzinga Neuro

January 20, 2024 | 3:53 pm

AMZN

PLUG

PYPL

QQQ

SPY

TSLA

UBER

The S&P 500, tracked by SPY, hit all-time highs, while the Nasdaq 100, tracked by QQQ, continued its upward trend. Uber and Tesla are partnering to promote EV adoption. Amazon secured sports streaming rights, boosting its Prime Video offerings. Dogecoin's price target is set at $5 by an analyst. Bitcoin faces uncertainty ahead of the halving event. Plug Power's equity offering may not entice investors. PayPal is expected to have a 'transition year' with range-bound stock prices.

Portfolio Pulse from Michael Cohen

January 20, 2024 | 2:26 pm

TSLA

Gary Black, a Tesla Inc (NASDAQ:TSLA) investor, criticized the company's strategy of cutting prices to boost sales, expressing disappointment in CEO Elon Musk's decision-making. Black argues that price cuts are not rational if competitors match them, leading to no volume benefit for Tesla. Despite a 102% rise in Tesla's stock price over the past year, Black points out that the stock slumped 65% in 2022 when the company began offering discounts. He also notes that Tesla's stock underperformed the Nasdaq 100 index over two years.

Portfolio Pulse from Anan Ashraf

January 20, 2024 | 6:20 am

BEN

Morgan Stanley analyst Michael Cyprys has maintained an Underweight rating on Franklin Resources (NYSE:BEN) while raising the price target from $22 to $24.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 8:45 pm

FVRR

Goldman Sachs analyst Eric Sheridan upgraded Fiverr International Ltd (NYSE:FVRR) from Neutral to Buy with a $43 price target, citing revenue re-acceleration in 2024, macro stabilization, spend per buyer growth, international progress, and adoption of Promoted Listing & Seller Plus. Sheridan also noted improvements in profitability, marketing efficiency, and AI-driven product innovation. He projected Q4 revenue and EPS above consensus at $94.8 million and $(0.06) respectively. FVRR shares rose 5.36% to $26.03.

Portfolio Pulse from Anusuya Lahiri

January 19, 2024 | 8:41 pm

QCOM

QUALCOMM Inc. shares are experiencing an uptick due to overall strength in the semiconductor sector. Canaccord Genuity has reaffirmed its Buy rating on QUALCOMM and increased the price target from $152 to $175.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 8:39 pm