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TOST

Goldman Sachs has maintained a Neutral rating on Toast Inc's stock and lowered its price target from $26 to $21. This has led to a decrease in the trading price of Toast shares.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 6:00 pm

KDP

Over the past three months, four analysts have published their opinions on Keurig Dr Pepper (NASDAQ:KDP) stock. The average price target is $38.0, compared to the current price of $29.21, implying an upside. The average price target has increased by 0.66% over the past month.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 6:00 pm

GPOR

Analysts have provided bullish ratings for Gulfport Energy (NYSE:GPOR) in the last quarter, with no bearish or indifferent ratings. The average 12-month price target for the company is $139.11, which has increased by 7.15% over the past month.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 6:00 pm

ETHUSD

On Wednesday, 1,695.49 Ether (ETH) worth $2,589,907 was burned from Ethereum transactions. This follows the Ethereum blockchain's upgrade known as EIP-1159, which changed the fee model and includes a variable base fee that is burned, lowering the supply of Ether. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to around 0.5-1% with the Ethereum 2.0 upgrade.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 6:00 pm

COIN

Oppenheimer analyst Owen Lau expects Coinbase Global, Inc. (NASDAQ:COIN) to have a challenging Q3, with trading volume predicted to decline 49% Y/Y and 16% Q/Q to $77 billion. The stock is down ~38% from mid-July due to the delayed decision of spot Bitcoin ETF applications and weak trading volume. However, a favorable ruling in Coinbase's lawsuit and potential approval of spot Bitcoin ETF could trigger a short squeeze. Lau slightly raised 3Q revenue and adjusted EBITDA estimates to $673 million and $82 million, respectively.

Portfolio Pulse from Nabaparna Bhattacharya

October 12, 2023 | 6:00 pm

DIS

DKNG

LULU

WBD

NHL rookie Connor Bedard's performance is attracting record viewership for ESPN, owned by Walt Disney Company (NYSE:DIS), and could also benefit Lululemon Athletica (NASDAQ:LULU), which signed Bedard to an endorsement deal. The Chicago Blackhawks' games, featuring Bedard, are setting viewership records, with the opening night match averaging 1.43 million viewers. This could also impact DraftKings Inc (NASDAQ:DKNG) as bettors are watching the Calder Trophy, awarded to the top rookie, where Bedard is the favorite. The Blackhawks' second game aired on TNT, a unit of Warner Bros. Discovery (NASDAQ:WBD), but viewership figures are not yet available.

Portfolio Pulse from Chris Katje

October 12, 2023 | 5:59 pm

DHI

Barclays has maintained an Overweight rating on D.R. Horton's stock but reduced its price target from $150 to $130. This has led to a decrease in D.R. Horton's share price.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 5:59 pm

BLDR

Barclays has maintained an Overweight rating on Builders FirstSource but lowered its price target from $200 to $175. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 5:53 pm

HYLN

Northland Capital Markets has downgraded Hyliion Holdings (NYSE:HYLN) from Outperform to Market Perform and lowered the price target from $2.8 to $1.5. The downgrade was announced by analyst Donovan Schafer.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 5:48 pm

GE

A significant amount of unusual options activity has been detected for General Electric (NYSE:GE), with a bearish stance being taken by a majority of investors. Of the 12 strange trades detected, 41% were bullish and 58% were bearish. The total amount for puts was $357,785 and for calls was $322,350. Whales have been targeting a price range from $60.0 to $120.0 for GE over the last 3 months. Deutsche Bank has downgraded its action to Buy with a price target of $141.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 5:47 pm