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Messari's report highlights Bitcoin's strong performance, labeling it the 'Godzilla of Finance' after ETF approval and accounting changes favoring BTC holdings. Bitcoin's price rose 3.3% in the last 24 hours, with a 26% gain over two months. December NFT volume hit $881 million, outpacing Ethereum and Solana combined. Bitcoin's dominance is at 51.4%, with potential for consolidation. Ethereum is praised for its supply dynamics, while Solana is the top pick among analysts. Render, Bittensor, and Autonolas are also winners. Key figures in the crypto space for 2024 include Larry Fink, Cathie Wood, Elon Musk, and Elizabeth Warren. Products like Solana's Firedancer, Celestia, BASE from Coinbase, Grayscale, Lido, and Project Guardian are noted.

Portfolio Pulse from Khyathi Dalal

January 04, 2024 | 11:57 pm

GCT

GigaCloud Technology Inc (NASDAQ:GCT) shares surged nearly 14% on Thursday, reaching 52-week highs, driven by strong third-quarter earnings and a raised price target from Roth MKM analyst Matt Koranda from $16 to $18. The stock's rally added to gains of over 50% in the past month, with trading volume reaching 3.36 million, significantly higher than the average of 975,194. The stock closed up 10.2% at $20.47.

Portfolio Pulse from Ryan Gustafson

January 04, 2024 | 9:28 pm

SPWR

Analyst ratings for SunPower (NASDAQ:SPWR) show a mix of opinions, with recent evaluations leading to a decrease in the average 12-month price target from $7.43 to $4.88, a 34.32% drop. Analysts from firms like Mizuho, Goldman Sachs, and Barclays have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. SunPower's financials indicate challenges with a revenue decline of -9.59%, a net margin of -8.68%, and a high debt-to-equity ratio of 0.86, suggesting potential financial strain.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 9:01 pm

ADC

Agree Realty (NYSE:ADC) has received mixed analyst ratings over the past quarter, with 1 bullish, 2 somewhat bullish, and 2 indifferent. The average 12-month price target is now $63.4, down from $70.25, with a high estimate of $67 and a low of $61. Analysts from RBC Capital, Exane BNP Paribas, Mizuho, and Truist Securities have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. Agree Realty, a real estate investment trust, has shown a positive revenue trend with a 24.3% growth rate and a net margin of 28.92%, but its ROE of 0.8% is below industry averages. Its ROA of 0.53% and a debt-to-equity ratio of 0.44 indicate strong financial health and sound financial structure.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 9:00 pm

PCH

PotlatchDeltic (NASDAQ:PCH) was analyzed by 4 analysts, with all maintaining an 'Indifferent' rating. The average 12-month price target is now $49.25, down from $52.33, indicating a 5.89% decrease. Analysts from Truist Securities and RBC Capital adjusted their price targets, with Truist raising their target to $51.00 from $50.00 and then lowering it to $50.00 from $55.00, while RBC Capital lowered their target to $48.00 from $52.00. PotlatchDeltic is a REIT with segments in timberlands, wood products, and real estate, facing revenue challenges and below-average profitability metrics.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 9:00 pm

JHG

Analysts have provided mixed reviews on Janus Henderson Group (NYSE:JHG) with 3 indifferent and 1 somewhat bearish rating. The 12-month price target average has decreased to $26.07 from $26.90. Analysts from TD Cowen, Deutsche Bank, JP Morgan, and Citigroup have adjusted their price targets and ratings, reflecting market conditions and company performance. Janus Henderson Group, an investment management service provider, has shown a revenue growth of 1.58% as of September 30, 2023, but lags behind industry peers and exhibits lower profitability and efficiency metrics.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 9:00 pm

CG

Analysts have provided mixed ratings for Carlyle Group (NASDAQ:CG) with 7 analysts offering their perspectives in the past three months. The average 12-month price target is $40.29, down from $41.60. Carlyle Group, a large alternative-asset manager with $382.3 billion in AUM, has seen a revenue decline of -22.91% and faces challenges in profitability and debt management. Analysts' ratings and price targets have been adjusted, reflecting their views on the company's performance and market conditions.

Portfolio Pulse from Benzinga Insights

January 04, 2024 | 9:00 pm

DYN

Dyne Therapeutics' stock price has increased following an endorsement from Raymond James, which maintained a Strong Buy rating and increased the price target from $27 to $56.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 8:39 pm

APO

TD Cowen initiated coverage on Apollo Global Management (APO) with an Outperform rating and a price target of $115, leading to an increase in APO's stock price.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 8:37 pm

ZIM

ZIM Integrated Shipping Services' stock is trading higher following an update from B of A Securities, which maintained an Underperform rating but increased the price target from $6.4 to $10.5.

Portfolio Pulse from Benzinga Newsdesk

January 04, 2024 | 8:35 pm