Streetbeat News

Stock Prices

BLK

JP Morgan has maintained its Overweight rating for BlackRock (NYSE:BLK) but lowered its price target from $736.00 to $708.00. BlackRock's shares are currently trading up 1.72% at $638.46 per share. A move to $708.00 would represent a 10.89% increase from the current share price.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 5:00 pm

PDEX

Pro-Dex shares are trading higher following the company's announcement of better-than-expected Q4 EPS results.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 4:53 pm

NVDA

TSLA

Cathie Wood, the founder of Ark Invest, has stated that she expects 'upside surprises' for Tesla (TSLA) to be much more than for Nvidia (NVDA).

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 4:49 pm

ISPO

Inspirato has announced a 1-for-20 reverse stock split, leading to a decrease in its share price.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 4:47 pm

XERS

Xeris Biopharma has revised its FY23 revenue guidance and increased its 2023 cash, cash equivalents and short-term investment guidance. This has led to a rise in the company's share prices.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 4:44 pm

ACHR

STLA

Archer Aviation Inc (ACHR) has entered into an agreement with the Abu Dhabi Investment Office (ADIO) to launch its all-electric air taxi service across the UAE. Archer plans to commence operations in Abu Dhabi in 2026 and will establish its first international headquarters and manufacturing facilities in the city. The company will work with its global manufacturing partner Stellantis N.V. (STLA) and local partners in the UAE to build its aircraft manufacturing capabilities. ACHR shares are trading higher by 2.45% at $5.24.

Portfolio Pulse from Shivani Kumaresan

October 16, 2023 | 4:40 pm

PXD

XOM

BMO Capital Markets analyst Phillip Jungwirth has downgraded Pioneer Natural Resources Co (PXD) to Market Perform from Outperform rating following its all-stock merger with Exxon Mobil Corp (XOM) for $59.5 billion. Despite the downgrade, the analyst views the deal favorably and anticipates it to close in 2Q24. PXD shares are trading higher by 0.17% at $248.65.

Portfolio Pulse from Lekha Gupta

October 16, 2023 | 4:38 pm

KDP

Keurig Dr Pepper (NASDAQ:KDP) has outperformed the market over the past 15 years, producing an average annual return of 15.09%. If an investor had bought $1000 of KDP stock 15 years ago, it would be worth $8,217.32 today.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 4:30 pm

ADP

Automatic Data Processing (NASDAQ:ADP) has outperformed the market over the past 15 years, producing an average annual return of 14.19%. If an investor had bought $100 of ADP stock 15 years ago, it would be worth $705.12 today. The company currently has a market capitalization of $102.77 billion.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 4:30 pm

ABT

Abbott Laboratories Inc. (NYSE:ABT) has seen a 2.05% increase in its stock price in the current market session, but a decrease of 7.89% over the past month and 11.67% over the past year. The company's P/E ratio is lower than the aggregate P/E of the Health Care Equipment & Supplies industry, which could indicate that the stock is undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

October 16, 2023 | 4:30 pm