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Venture capitalist Mark Carnegie predicts a bullish run for Bitcoin, suggesting it may retest the $50,000 level in the short to medium term (30 to 90 days). He expressed uncertainty about the impact of a potential U.S. recession on cryptocurrencies but showed a preference for Bitcoin over Ethereum. At the time of the interview, Bitcoin was trading at $44,030.34, slightly down by 0.07%.

Portfolio Pulse from Mehab Qureshi

January 08, 2024 | 1:09 pm

ARRY

Wells Fargo analyst Michael Blum has downgraded Array Technologies (ARRY) from Overweight to Equal-Weight and reduced the price target from $22 to $19.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 1:04 pm

FSLR

Wells Fargo analyst Michael Blum has downgraded First Solar (NASDAQ:FSLR) from Overweight to Equal-Weight and reduced the price target from $215 to $187.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 1:02 pm

CRDO

Six analysts have recently provided their ratings on Credo Technology Group (NASDAQ:CRDO), with all six maintaining a bullish stance. Over the past three months, there has been a positive shift in sentiment, with the average 12-month price target for CRDO increasing by 23.24% to $23.17. Analysts from firms including Needham, Goldman Sachs, Stifel, and Mizuho have raised their price targets, reflecting optimism about the company's prospects. Despite this, CRDO faces challenges with a -14.28% revenue decline, a net margin of -15.04%, and an ROA of -1.65%, indicating potential difficulties in profitability and asset utilization. However, a strong ROE of -1.9% and a low debt-to-equity ratio of 0.04 suggest effective use of equity and a healthy balance sheet.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 1:00 pm

AMD

Advanced Micro Devices (NASDAQ:AMD) has received mixed analyst ratings over the past quarter, with a total of 10 bullish, 6 somewhat bullish, and 1 indifferent rating. The average 12-month price target for AMD is $144.59, with a high estimate of $200.00 and a low estimate of $98.00, marking a 2.79% increase from the previous average target of $140.67. Analysts from firms such as Melius Research, Mizuho, Keybanc, Goldman Sachs, B of A Securities, Rosenblatt, Stifel, Raymond James, Roth MKM, UBS, Truist Securities, Barclays, Wedbush, and Morgan Stanley have provided various actions ranging from maintaining to raising and lowering their ratings and price targets for AMD.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 1:00 pm

VOYA

Voya Financial (NYSE:VOYA) received mixed analyst ratings in the latest quarter, with 3 somewhat bullish and 1 indifferent rating. The average 12-month price target is $84.00, with a high of $85.00 and a low of $82.00, marking a decrease from the previous $88.00 target. Analysts from Goldman Sachs, RBC Capital, Morgan Stanley, and Wells Fargo have provided recent evaluations, with two maintaining and two lowering their price targets. Voya Financial's financial performance shows a 31.29% revenue growth rate, a net margin of 13.94%, an ROE of 7.27%, an ROA of 0.16%, and a debt-to-equity ratio of 1.1.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 1:00 pm

RXST

Analysts have mixed views on RxSight (NASDAQ:RXST), with 5 recent ratings ranging from bullish to somewhat bullish. The average 12-month price target is $37.8, up 6.48% from the previous $35.50. Analysts from Needham, Wells Fargo, Stifel, and Morgan Stanley have provided ratings and price targets, with Needham's David Saxon both raising and lowering his target. RxSight, a medical technology company, has shown a revenue growth of 75.97% as of September 30, 2023, but struggles with profitability and efficiency, as indicated by its net margin of -55.93%, ROE of -7.79%, and ROA of -6.58%. Its low debt-to-equity ratio of 0.02 suggests a healthy balance of debt and equity.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 1:00 pm

DASH

DoorDash (NASDAQ:DASH) received mixed analyst ratings in the latest quarter with 9 analysts offering their perspectives. The average 12-month price target for DASH is $104.11, a 15.31% increase from the previous target of $90.29. Analysts from firms like Jefferies, Deutsche Bank, and Needham have given bullish ratings with price targets ranging from $105.00 to $130.00. Others like Piper Sandler and Barclays have given more conservative ratings. DoorDash's financials show a strong market presence with a market cap above industry benchmarks, a positive revenue trend with 27.22% growth, but below-average net margin, ROE, and ROA. The company's debt-to-equity ratio is low at 0.08.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 1:00 pm

SPWR

Wells Fargo analyst Michael Blum has downgraded SunPower (NASDAQ:SPWR) from Equal-Weight to Underweight and reduced the price target from $6 to $4, indicating a bearish outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 12:53 pm

TROW

Wells Fargo analyst Finian O'Shea has downgraded T. Rowe Price Gr (TROW) from Equal-Weight to Underweight, while also raising the price target from $95 to $105. This reflects a more bearish stance on the company's stock, despite the increased price target.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 12:48 pm