Streetbeat News

Stock Prices

EA

Deutsche Bank has maintained its Hold rating for Electronic Arts (NASDAQ:EA) and increased its price target from $135.00 to $150.00. EA's shares are currently trading at $135.58, and the new price target suggests a potential upside of 10.64%. Electronic Arts is a major video game publisher with franchises like Madden, EA Sports FC, Battlefield, and others.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 5:00 pm

BRDG

Morgan Stanley has maintained its Overweight rating on Bridge Investment Group (NYSE:BRDG) but reduced its price target from $14.00 to $13.00. Despite this reduction, the new target suggests a significant 70.38% upside from the current price of $7.63. Bridge Investment Group is a real estate investment manager with a focus on various U.S. real estate verticals.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 5:00 pm

BNTX

MRNA

PFE

Moderna Inc (MRNA) stock fell after the European Patent Office invalidated a key mRNA patent, favoring Pfizer Inc (PFE) and BioNTech SE (BNTX) in a patent dispute. Moderna plans to appeal the decision. The dispute centers on allegations that Pfizer/BioNTech's COVID-19 vaccine infringes on Moderna's foundational mRNA technology patents. Moderna had previously filed lawsuits in the U.S. and Germany seeking damages for patent infringement. BioNTech welcomed the patent office's decision.

Portfolio Pulse from Vandana Singh

November 21, 2023 | 4:59 pm

LQR

LQR House announced a 60-for-1 reverse stock split, leading to its shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 4:59 pm

CCL

Citigroup analyst James Hardiman has reinstated a Buy rating on Carnival Corporation (NYSE:CCL) and set a price target of $18 for the stock.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 4:52 pm

KEYS

Keysight Technologies, Inc. (NYSE:KEYS) reported Q4 earnings of $1.99 per share, surpassing estimates of $1.87, with revenue at $1.31 billion beating the $1.30 billion estimate. However, the company's Q1 guidance was below expectations, with earnings forecasted between $1.53 and $1.59 per share versus the $1.67 estimate, and revenue between $1.235 billion and $1.255 billion against the $1.24 billion estimate. Following the earnings report, Barclays lowered its price target from $144 to $134, maintaining an Equal-Weight rating, while Baird increased its price target from $155 to $160, maintaining an Outperform rating. KEYS shares dropped 0.3% to $134.53.

Portfolio Pulse from Lisa Levin

November 21, 2023 | 4:50 pm

BX

EBAY

eBay Inc. (NASDAQ:EBAY) has expressed support for a voluntary tender offer by Permira and Blackstone to acquire Adevinta, with eBay set to receive $2.2 billion in cash and retain a 20% stake in Adevinta. The transaction values eBay's total stake at approximately $4.3 billion, a significant premium over the pre-speculation value. eBay plans to use the cash for general corporate purposes and continue its commitment to return 125% of free cash flow to shareholders. The deal is expected to close in Q2 2024, subject to regulatory approvals and other conditions.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 4:50 pm

DKS

Dick's Sporting Goods Inc (NYSE:DKS) reported a 2.8% year-on-year increase in Q3 FY23 sales to $3.042 billion, surpassing analyst estimates. Comparable store sales rose 1.7%, and adjusted EPS of $2.85 exceeded expectations. The company is optimizing its cost structure, resulting in pre-tax charges but expects to complete the review in fiscal 2023. DKS declared a quarterly dividend of $1.00 per share and raised its full-year adjusted EPS outlook. Shares rose 4.66% to $124.56.

Portfolio Pulse from Nabaparna Bhattacharya

November 21, 2023 | 4:50 pm

IQ

iQIYI's stock price is trading lower following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 4:50 pm

RCL

Citigroup analyst James Hardiman has reinstated a Buy rating on Royal Caribbean Group (RCL) with a price target of $127.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 4:50 pm