Streetbeat News

Stock Prices

AZN

ICVX

AstraZeneca Plc (NASDAQ:AZN) is set to acquire Icosavax Inc (NASDAQ:ICVX) for over $800 million, offering $15.00 per share plus up to $5.00 in contingent value rights upon meeting certain milestones. The acquisition, expected to close in Q1 of 2024, will give AstraZeneca access to experimental vaccines for respiratory diseases. Icosavax's Phase 2 study of IVX-A12 showed promising results against RSV and hMPV. AstraZeneca's stock rose 1.56% to $64.49, while Icosavax's shares jumped 45.95% to $15.31 in premarket trading.

Portfolio Pulse from Vandana Singh

December 12, 2023 | 10:55 am

ABNB

Barclays analyst Mario Lu downgraded Airbnb (NASDAQ:ABNB) from Equal-Weight to Underweight and reduced the price target from $135 to $100, indicating a bearish outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 10:54 am

CDW

Morgan Stanley analyst Erik Woodring has downgraded CDW (NASDAQ:CDW) from Overweight to Equal-Weight and set a price target of $216.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 10:53 am

BTCUSD

ETHUSD

SOLUSD

Anthony Scaramucci, founder of Skybridge Capital, reported a 130% increase in their cryptocurrency portfolio, attributing the growth to assets like Bitcoin, Ethereum, and Solana. Despite a challenging previous year, Scaramucci is optimistic about the future of Bitcoin, predicting further growth due to global adoption and an increase in digital wallets. He advises individual investors to have a conservative crypto exposure of 1-5%. Scaramucci also downplayed concerns about regulatory actions from SEC Chair Gary Gensler, suggesting that the decentralized nature of cryptocurrency would prevail. He compared the decision to not reduce Bitcoin holdings after significant gains to Warren Buffett's investment philosophy.

Portfolio Pulse from Mehab Qureshi

December 12, 2023 | 10:51 am

GPRO

Morgan Stanley analyst Erik Woodring has downgraded GoPro (NASDAQ:GPRO) from Equal-Weight to Underweight and reduced the price target from $4 to $3, indicating a bearish outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 10:51 am

GO

Goldman Sachs analyst Kate McShane downgraded Grocery Outlet Holding (NASDAQ:GO) from Buy to Sell and reduced the price target from $33 to $24, indicating a bearish outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 10:49 am

RNG

Jefferies analyst Samad Samana has downgraded RingCentral (NYSE:RNG) from Buy to Hold and reduced the price target from $40 to $35.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 10:46 am

ZG

JMP Securities analyst Nicholas Jones has upgraded Zillow Group (ZG) from Market Perform to Market Outperform and set a price target of $60.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 10:43 am

SRE

JP Morgan analyst Christopher Turnure has upgraded Sempra (NYSE:SRE) from Neutral to Overweight and increased the price target from $78 to $86.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 10:41 am

HPQ

Morgan Stanley analyst Erik Woodring has upgraded HP (NYSE:HPQ) from Equal-Weight to Overweight and increased the price target from $31 to $35.

Portfolio Pulse from Benzinga Newsdesk

December 12, 2023 | 10:36 am