Streetbeat News

Price Targets

KRTX

HC Wainwright & Co. analyst Raghuram Selvaraju has downgraded Karuna Therapeutics (KRTX) from Buy to Neutral, while increasing the price target from $300 to $330. This reflects a more cautious stance on the stock despite the higher price target.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 11:15 am

UPS

Daiwa Capital analyst Jairam Nathan downgraded United Parcel Service (UPS) from Outperform to Neutral and set a price target of $155.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 9:32 am

BTCUSD

DOGEUSD

SHIBUSD

Cryptocurrency analyst Ali Martinez has observed an increase in new Dogecoin (DOGE) addresses, suggesting a potential rally for the meme-based cryptocurrency. Martinez also noted a significant withdrawal of Shiba Inu (SHIB) from exchange wallets and provided a key support level for Bitcoin (BTC) that could indicate future price movements.

Portfolio Pulse from Mehab Qureshi

December 25, 2023 | 7:54 pm

ROK

Rockwell Automation Inc. (NYSE:ROK) stock has seen a 0.34% increase in the current session, trading at $307.78. Over the past month and year, ROK's stock has risen by 14.31% and 19.50%, respectively. The company's P/E ratio is lower than the Electrical Equipment industry average, suggesting it might be undervalued or have weaker growth prospects.

Portfolio Pulse from Benzinga Insights

December 25, 2023 | 5:00 pm

SHIBUSD

Shiba Inu's (CRYPTO: SHIB) burn rate has spiked over 5000% in the past 24 hours with 53 million SHIB tokens removed from circulation. Two anonymous addresses burned 50 million SHIB in two transactions. SHIB whales have been active, with 47 large transactions noted. Since October, over 30,000 new non-zero SHIB addresses have been created, indicating increased engagement. Analyst Ali Martinez reported a withdrawal of over 8 trillion SHIB from exchange wallets since November. SHIB is currently trading at $0.000010, down 0.24%.

Portfolio Pulse from Mehab Qureshi

December 25, 2023 | 4:08 pm

BTCUSD

ETHUSD

Crypto analyst Michaël van de Poppe suggests Ethereum (ETH) is poised for a strong quarter, historically its best, as the Bitcoin (BTC) halving event in April 2024 approaches. He notes that market sentiment has been skewed towards Bitcoin due to the anticipation of spot ETF approvals, but expects Ethereum to gain traction, especially with its transition from Proof-of-Work to Proof-of-Stake. The upcoming Dencun network upgrade is also expected to contribute to Ethereum's growth. Bitwise predicts Ethereum's fees will double in 2024, and Glassnode cofounders target a $2.5k to $2.7k price range for ETH.

Portfolio Pulse from Khyathi Dalal

December 25, 2023 | 3:33 pm

AXS-USD

BTC-USD

DOGE-USD

ETH-USD

ORDI-USD

QNT-USD

SOL-USD

Cryptocurrencies experienced a slight dip on Christmas Eve, with $93M in longs liquidated. Bitcoin, Ethereum, and Dogecoin saw minor losses, while Solana's SOL surpassed $100. Axie Infinity, ORDI, and Quant were top gainers. The S&P 500 rose after cooler inflation data. Analysts predict a bullish trend for Bitcoin, with potential new all-time highs in two months based on the OBV indicator. Negative sentiment was noted for STORJ, ILV, LTC, and DYDX, which may indicate upcoming price bounces.

Portfolio Pulse from Mehab Qureshi

December 25, 2023 | 1:08 pm

BTCUSD

Crypto analyst TechDev predicts Bitcoin (BTC) may hit a new all-time high soon, based on the on-balance volume (OBV) indicator, which has historically signaled new peaks. The OBV is at new highs, and historically, a new all-time high followed within two months, with a top six to ten months later. The Vortex Indicator (VI) also shows bullish signals for Bitcoin. The anticipated Bitcoin ETF launch in early January 2024 and a 164% surge in Bitcoin's market cap in 2023, partly due to optimism over a potential US-approved Bitcoin ETF, are contributing to positive sentiment. BTC is currently trading at $43,616.73.

Portfolio Pulse from Rounak Jain

December 24, 2023 | 10:03 pm

BLK

BTCUSD

Cryptocurrency expert DonAlt warns that the potential approval of a spot-based Bitcoin ETF could lead to a 'sell-the-news' event, causing a significant drop in Bitcoin's value. Despite a 164% surge in market capitalization in 2023, DonAlt predicts a temporary rally followed by a correction of up to 30%. However, he suggests that firms like BlackRock Inc. might support Bitcoin's price post-ETF approval. The ETF decision is expected by Jan. 10 and could cause a 'demand shock' in the market.

Portfolio Pulse from Rounak Jain

December 24, 2023 | 4:55 pm

DOGE-USD

SHIB-USD

SOL-USD

The cryptocurrency market saw significant developments this week, with Shiba Inu's (CRYPTO: SHIB) burn rate increasing by 28,350% after a partnership with D3 Global for the .shib domain. Dogecoin (CRYPTO: DOGE) is predicted to rally if it crosses $0.106, and Elon Musk's X platform may integrate Dogecoin payments. Solana (CRYPTO: SOL) is forecasted to break out against Bitcoin (CRYPTO: BTC), potentially leading to a rally in its USD pair.

Portfolio Pulse from Benzinga Neuro

December 24, 2023 | 9:42 am