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Stock Prices

CHPT

Analysts have provided various ratings for ChargePoint Hldgs (NYSE:CHPT) within the last quarter, with a majority being bullish or somewhat bullish. The average price target given by these analysts is $11.66, which is significantly higher than the current price of $4.85. However, this average has decreased by 26.62% from the previous average price target of $15.89.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 12:00 pm

PSA

Public Storage (NYSE:PSA) has received three bullish ratings and one indifferent rating from analysts in the last quarter. The average 12-month price target for the company is $298.75, representing a 12.13% decrease from the previous average price target of $340.00.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 12:00 pm

HSY

SCS

Insiders at Zscaler, Inc. (NASDAQ:ZS), Steelcase Inc. (NYSE:SCS), The Hershey Company (NYSE:HSY), and Helmerich & Payne, Inc. (NYSE:HP) have recently sold shares. While insider sales can sometimes indicate concern about a company's prospects or overpricing, they can also be preplanned and should not be the sole indicator for investment decisions.

Portfolio Pulse from Lisa Levin

September 27, 2023 | 11:54 am

COST

DHR

ETSY

FSLR

JCI

PLRX

ROIV

TSLA

ZIM

ZION

Portfolio Pulse from Lisa Levin

September 27, 2023 | 11:52 am

COST

PRGS

QQQ

SPY

Despite soaring bond yields, the S&P 500 and Nasdaq are set to rebound. However, analysts warn of volatility persisting through year-end due to factors such as high crude oil prices, potential rate hikes, and economic data. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ ETF (NASDAQ:QQQ) both saw gains in premarket trading. Stocks in focus include Costco Wholesale Corp. (NASDAQ:COST), Progress Software Corp. (NASDAQ:PRGS), Meta Platforms, Inc. (NASDAQ:META), Paychex, Inc. (NASDAQ:PAYX), H.B. Fuller Company (NYSE:FUL), Micron Technology, Inc. (NASDAQ:MU), and Worthington Industries, Inc. (NYSE:WOR).

Portfolio Pulse from Shanthi Rexaline

September 27, 2023 | 11:50 am

Li Auto Inc. (NASDAQ:LI) has announced the termination of its US ATM Offering, effective immediately after the close of business on September 27, 2023. The company has sold 13,502,429 ADSs representing 27,004,858 Class A Ordinary Shares under the US ATM Offering, raising gross proceeds of US$536.4 million. The proceeds will be used for R&D of next-gen electric vehicle technologies, development and manufacture of future platforms and car models, and working capital needs and general corporate purposes.

Portfolio Pulse from Charles Gross

September 27, 2023 | 11:46 am

BABA

Alibaba Group's logistics arm, Cainiao Smart Logistics Network Ltd, has filed for its Hong Kong initial public offering (IPO), which could fetch a minimum of $1 billion. Alibaba is currently restructuring, splitting into six central units and transitioning to new leadership. Meanwhile, Alibaba's international e-commerce platform, AliExpress, in collaboration with Cainiao, is set to enhance its delivery services, promising delivery within five working days in selected countries. Cainiao has been proactive in enhancing its logistics network, introducing a half-day express delivery service in major Chinese cities.

Portfolio Pulse from Anusuya Lahiri

September 27, 2023 | 11:45 am

META

NET

Cloudflare, Inc. (NYSE:NET) has partnered with Meta Platforms, Inc (NASDAQ:META) to bring the Llama 2 open-source large language model (LLM) to developers on its platform, Workers. This move is expected to enhance AI applications and promote data localization. Cloudflare's shares are trading higher by 1.32% to $57.43 in premarket trading.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2023 | 11:42 am

AMD

NVDA

China's Big Fund, aimed at bolstering the semiconductor industry, is struggling to meet its $41 billion target due to economic hardships and US restrictions. The fund, which has previously supported local chip giants and R&D initiatives, is now facing hesitancy from local governments and state-owned enterprises due to financial constraints and the current economic downturn. The fund remains committed to its five-year plan, with a focus on chipmaking equipment. US restrictions have affected Nvidia Corp and Advanced Micro Devices, Inc's chip sales to China.

Portfolio Pulse from Anusuya Lahiri

September 27, 2023 | 11:39 am

ETSY

Wells Fargo analyst Ken Gawrelski has maintained an Underweight rating on Etsy and lowered the price target from $70 to $60.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 11:34 am