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ZLAB

Over the past 3 months, 6 Wall Street analysts have provided ratings for Zai Lab (NASDAQ:ZLAB), with an average price target of $78.56, which is significantly higher than the current price of $27.66. The consensus among these analysts is positive, with 2 bullish and 4 somewhat bullish ratings. The current average price target represents an 8.51% decrease from the previous average price target of $85.87. Analysts derive their ratings by predicting future earnings and revenue, and their opinions are updated quarterly or after major company events.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 8:00 pm

YOSH

Yoshiharu Global Co (NASDAQ:YOSH) stock dropped 38% to $5.69 amid volatility following a 1-for-10 reverse stock split to comply with Nasdaq listing rules. The split affected equity awards and warrants, with fractional shares rounded up. Yoshiharu also plans to acquire Las Vegas restaurant assets for $3.6 million, aiming to boost revenue by 80% with four new establishments in early 2024. The company targets managing 13 restaurants by year-end to strengthen its Las Vegas presence and financial growth.

Portfolio Pulse from Henry Khederian

November 30, 2023 | 7:54 pm

XENE

Xenon Pharmaceuticals Inc (NASDAQ: XENE) shares rose by 7.8% after the company announced the pricing of its upsized $300 million public offering at $32.50 per share. The offering includes 8,461,542 common shares and pre-funded warrants, with an additional option for underwriters to purchase up to 1,384,615 common shares. The offering is expected to close around December 4. J.P. Morgan, Jefferies, BofA Securities, Stifel, and RBC Capital Markets are the joint book-running managers.

Portfolio Pulse from Henry Khederian

November 30, 2023 | 7:51 pm

COST

Stifel analyst Mark Astrachan has maintained a Buy rating on Costco Wholesale (NASDAQ:COST) and increased the price target from $595 to $615.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:50 pm

OKTA

Okta Inc (NASDAQ:OKTA) experienced a security breach that was more extensive than initially reported, impacting customer support systems and potentially affecting customer engagement and sales. Despite this, Okta reported a 21% revenue growth in Q3, beating guidance and consensus, and raised FY24 outlook. Analysts are divided on the stock, with price targets ranging from $70 to $100. Concerns over the breach's impact on future growth and customer retention are prevalent, with some analysts downgrading their ratings and price targets. Q4 revenue expectations are consistently around $586 million, with adjusted EPS estimates near $0.50-$0.51.

Portfolio Pulse from Anusuya Lahiri

November 30, 2023 | 7:47 pm

ENSC

Ensysce Biosciences shares have resumed trading after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:44 pm

ENSC

Shares of Ensysce Biosciences were halted due to a circuit breaker after experiencing a sharp increase of 25.3%.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:43 pm

MINM

Minim Inc. has issued a statement addressing the unusual trading activity of its stock. The company clarified that it is not aware of any material, undisclosed information that could explain the recent surge in its share price and trading volume.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:39 pm

AVAXUSD

LINKUSD

RUNEUSD

SOLUSD

A cryptocurrency analyst, Altcoin Sherpa, predicts a gradual decline for Solana (SOL), Chainlink (LINK), Avalanche (AVAX), and Rune (RUNE), based on technical indicators like the .382 Fibonacci retracement levels and the 200-day EMAs. The analyst expects a 'grind down' period before a potential robust upward movement in January.

Portfolio Pulse from Murtuza Merchant

November 30, 2023 | 7:36 pm

COST

Truist Securities analyst Scot Ciccarelli has reiterated a Buy rating on Costco Wholesale (NASDAQ:COST) and maintained a price target of $619.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:34 pm