Streetbeat News

Stock Prices

AVGO

Citigroup analyst Christopher Danely has reinstated a Buy rating on Broadcom (NASDAQ:AVGO) and set a price target of $1100 for the stock.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:30 pm

CI

Cigna's stock price has risen after reports that the company has dropped its plans to acquire Humana. Additionally, Cigna announced an increase in its share buyback program by $10 billion, which is likely to be viewed positively by investors as it could indicate confidence by management in the company's financial health and future prospects.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:28 pm

BASE

Barclays analyst Raimo Lenschow has maintained an Overweight rating on Couchbase (NASDAQ:BASE) and increased the price target from $21 to $23, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:26 pm

AAGR

African Agriculture Holdings Inc. (NASDAQ:AAGR) announced plans to expand alfalfa production in Senegal following its merger and Nasdaq listing. The company aims to increase land utilization from 300 to 1,000 hectares and enhance production in 2024. AAGR's strategy includes broadening product offerings and expanding geographically, leveraging Africa's arable land to address global food security.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:19 pm

CYTO

Altamira Therapeutics Ltd. (NASDAQ:CYTO) provided an update on its business strategy, including the partial spin-off of its Bentrio business, transition to a pure-play RNA delivery company, and financial restructuring. The company completed the Bentrio transaction, retaining a significant stake and potential future income. Altamira is also partnering its legacy assets and advancing its RNA delivery platforms, OligoPhore and SemaPhore. Cost reductions and debt repayment have strengthened the balance sheet. A 20-for-1 reverse stock split is planned to comply with Nasdaq listing rules and attract institutional investors.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:18 pm

VICI

Mizuho analyst Haendel St. Juste has maintained a Buy rating on VICI Properties (NYSE:VICI) but has reduced the price target from $34 to $32.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:17 pm

SIMO

Silicon Motion Technology Corporation (NASDAQ:SIMO) announced a new organizational structure to support its global business growth. The company has created two business units: Client & Automotive Storage (CAS) and Enterprise Storage & Display Interface Solution (ESDI). Nelson S. Duann is appointed as Senior VP of the CAS unit, Alex Chou as Senior VP to lead the ESDI unit, and Robert Fan as Senior VP of Global Sales and President of SMI USA. The changes aim to foster faster innovation and stronger growth.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:17 pm

AGNC

NYMT

TRTX

The article highlights three high-yielding dividend stocks in the financial sector that have been rated by Wall Street's most accurate analysts. AGNC Investment Corp. (AGNC) has a dividend yield of 15.78% and received mixed ratings with a recent positive earnings report. TPG RE Finance Trust, Inc. (TRTX) offers a 15.74% yield but had a price target cut following downbeat sales. New York Mortgage Trust, Inc. (NYMT) yields 13.42% and also saw a price target adjustment after reporting weaker sales.

Portfolio Pulse from Avi Kapoor

December 11, 2023 | 1:14 pm

DPZ

Benchmark analyst Todd Brooks has upgraded Domino's Pizza (NYSE:DPZ) from Hold to Buy and set a new price target of $455.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:14 pm

MOBV

SVMH

SVMHW

SRIVARU Holding Limited has completed a business combination with Mobiv Acquisition Corp and will begin trading on Nasdaq under the ticker symbols SVMH and SVMHW. Mohanraj Ramasamy, a former Tesla executive and founder of SRIVARU, is now CEO of the combined entity. The company aims to capture a significant share of the Indian and global EV markets, leveraging its state-of-the-art technologies and capital-efficient business model. SRIVARU is positioned to benefit from the growing Indian EV market, expected to exceed $36 billion by 2027, and plans to provide detailed business updates soon.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:13 pm