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TSLA

Goldman Sachs analyst Mark Delaney maintains a Neutral rating on Tesla (TSLA) but lowers the price target from $190 to $175, citing disappointing first-quarter production and delivery figures. Deliveries were down 20% quarter-over-quarter and 9% year-over-year. Delaney highlights concerns over volume growth, pricing, gross margins, and the impact of potential delays in Tesla's low-cost vehicle. Despite these challenges, Delaney sees Tesla as a leader in AI and software technology in the auto space, with long-term growth potential.

Portfolio Pulse from Chris Katje

April 09, 2024 | 7:04 pm

HUT

Hut8 Mining CEO, Asher Genoot, views the upcoming BTC halving as an opportunity for growth and to strengthen the company's competitive position.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 6:51 pm

MARA

Marathon Digital's CEO highlighted the company's energy efficiency, stating its fleet operates at an average of approximately 24 joules per terahash (J/TH), which is below the industry's energy efficiency threshold.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 6:50 pm

MARA

Marathon Digital's CEO stated that most miners would remain profitable post-halving at current prices, provided their rigs have an energy efficiency below 30J/TH.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 6:49 pm

MARA

Marathon Digital CEO, Fred Thiel, discussed the upcoming Bitcoin halving with Benzinga, highlighting that the marginal cost to mine Bitcoin will increase as the energy required will double.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 6:49 pm

RIOT

Riot Blockchain's CEO announced that the company has been preparing for the Bitcoin halving event for several years, focusing on infrastructure development during the last downturn. They aim to increase their self-mining hash rate by over 150% this year.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 6:48 pm

RIOT

Riot Blockchain CEO, Jason Les, discussed the upcoming BTC halving with Benzinga, highlighting that it will cut miners' revenue in half and double their costs.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 6:47 pm

META

Twelve years ago, Facebook (now Meta Platforms Inc, NASDAQ:META) acquired Instagram for $1 billion, a move criticized by many including Jon Stewart for its high cost and Instagram's uncertain future. Despite initial skepticism, Instagram has grown into a key component of Meta's portfolio, contributing to its valuation of over $1 trillion. The acquisition, once mocked for its perceived overvaluation, is now considered one of the best technology-related acquisitions of all time.

Portfolio Pulse from Chris Katje

April 09, 2024 | 6:33 pm

ELVN

NVS

Mizuho Securities initiated coverage on Enliven Therapeutics Inc (NASDAQ:ELVN), a precision oncology company, with a Buy rating and a price target of $34. ELVN's lead product, ELVN-001, targets Chronic myelogenous leukemia (CML) and is under development. The global CML market is valued at $13-$14 billion, with ELVN trading at conservative levels compared to its potential. Novartis AG (NYSE:NVS) was mentioned as having developed the first TKI for CML. ELVN shares rose 3.72% to $18.98.

Portfolio Pulse from Vandana Singh

April 09, 2024 | 6:26 pm

ALKS

Alkermes plc (NASDAQ:ALKS) announced positive results from a phase 1b study of ALKS 2680 for narcolepsy, showing significant improvements in sleep latency compared to placebo. The company plans to initiate a phase 2 study in the second half of 2024. Following the news, Jefferies increased the price target for ALKS from $42 to $50 and raised the probability of success for ALKS-2680 to 50%, with peak sales expected to reach $1 billion. ALKS shares rose 3.43% to $26.82.

Portfolio Pulse from Vandana Singh

April 09, 2024 | 6:23 pm