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TGT

ULTA

Target Corporation (NYSE:TGT) received an Outperform rating from Telsey Advisory Group analyst Joseph Feldman, with a price target of $145.00. Despite a 4.22% year-on-year sales decline in Q3 FY23, Target beat analyst estimates and saw gross margin expansion. The company's performance was attributed to inventory management and gross margin recovery, despite a slowdown in discretionary spending. Target's strategies, including partnerships with brands like Ulta Beauty, Inc. (NASDAQ:ULTA), are expected to help gain market share and drive long-term profitability. TGT shares rose 17.1% to $129.61.

Portfolio Pulse from Nabaparna Bhattacharya

November 15, 2023 | 7:59 pm

ARKK

Cathie Wood, CEO of ARK Invest, has indicated a shift in the SEC's stance on Bitcoin Spot ETFs, noting improved engagement and the potential for multiple approvals to avoid partiality. The final deadline for ARK's application is January 10. Additionally, ARK Invest has expanded into Europe by acquiring Rize ETFs, now ARK Europe, to cater to its European subscriber base. Bitcoin's price was down 3.70% at $35,596.4.

Portfolio Pulse from Mehab Qureshi

November 15, 2023 | 7:55 pm

MSFT

NVDA

NVIDIA Corporation has launched an AI foundry service on Microsoft Azure to accelerate the development of custom AI applications for enterprises and startups. The service includes NVIDIA AI Foundation Models, the NVIDIA NeMo framework and tools, and NVIDIA DGX Cloud AI supercomputing services. Customers can access several NVIDIA AI Foundation models, including the new Nemotron-3 8B models. The partnership between NVIDIA and Microsoft aims to innovate across the Copilot stack, from silicon to software, in the age of AI. NVIDIA's stock (NVDA) was trading lower by 1.58% at $488.69.

Portfolio Pulse from Nabaparna Bhattacharya

November 15, 2023 | 7:51 pm

BTBT

CAN

CIFR

CLSK

COIN

HUT

MARA

MSTR

RIOT

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:48 pm

CHPT

ChargePoint Holdings Inc (NYSE:CHPT) has launched the Express Plus Power Link 2000 DC fast charging platform, capable of up to 500kW charging speeds. This platform will power the Mercedes-Benz HPC NA public charging network. The Power Link 2000 features a modular design and proprietary cooling architecture, allowing for sustained high-speed charging. ChargePoint's stock (CHPT) rose by 2.16% to $3.29.

Portfolio Pulse from Shivani Kumaresan

November 15, 2023 | 7:45 pm

HTOO

Fusion Fuel Green's stock is trading higher after receiving a Nasdaq deficiency notice last week for not meeting the minimum bid price requirement and also receiving a purchase order.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:41 pm

Post Q3 FY23 results, analysts have adjusted their price targets and estimates for The Home Depot Inc (NYSE:HD). Despite a sales decline of 3% to $37.71 billion, Home Depot beat the consensus estimate of $35.66 billion with an EPS of $3.81. The company also narrowed its FY23 sales and EPS forecast. Analysts from Goldman Sachs, Truist Securities, Oppenheimer, Guggenheim, RBC Capital Markets, and Telsey Advisory Group have revised their price targets and EPS estimates, with most maintaining positive ratings but adjusting figures to reflect Q3 outcomes and future expectations. HD shares rose by 1.36% to $307.76.

Portfolio Pulse from Lekha Gupta

November 15, 2023 | 7:34 pm

TSLA

Cathie Wood, CEO of Ark Invest, praised Tesla Inc (NASDAQ:TSLA) as the world's largest AI player, highlighting its access to proprietary data from 5 million 'robots' (vehicles) worldwide. Wood emphasized Tesla's advantage in AI for autonomous vehicles and expects Tesla's market share to increase as legacy automakers like Ford and GM pull back on EV strategies. Tesla remains a top holding in Ark's flagship fund, specifically the third-largest in the Innovation ETF with an 8.59% weighting. Tesla shares have risen approximately 97% since the start of the year.

Portfolio Pulse from Adam Eckert

November 15, 2023 | 7:33 pm

AMD

NVDA

AMD announced an event on December 6, 2023, to launch its next-generation AMD Instinct MI300 data center GPU, a competitor to Nvidia's H100. Nvidia revealed its H200 GPU, an upgrade from the H100. AMD's event, 'Advancing AI,' will feature discussions on AI and computing with CEO Dr. Lisa Su. The event aims to showcase AMD's AI hardware and software momentum. AMD stock has risen 84% YTD but traded down 1.75% at $117.78 recently.

Portfolio Pulse from Anusuya Lahiri

November 15, 2023 | 7:33 pm

DKNG

Craig-Hallum analyst Ryan Sigdahl has maintained a Buy rating on DraftKings (NASDAQ:DKNG) and increased the price target from $40 to $45.

Portfolio Pulse from Benzinga Newsdesk

November 15, 2023 | 7:32 pm