Streetbeat News

Stock Prices

EPR

Over the last quarter, EPR Props (NYSE:EPR) received 2 somewhat bullish, 3 indifferent, and 1 somewhat bearish ratings from analysts. The average 12-month price target for EPR Props, according to 6 analysts, is $48.08, with a high of $54.00 and a low of $40.00. This average price target has increased by 5.28% over the past month.

Portfolio Pulse from Benzinga Insights

September 21, 2023 | 12:00 pm

META

TSLA

Elon Musk, CEO of Tesla, has mocked Mark Zuckerberg's $36 billion investment in the metaverse through Meta Platforms Inc. (NASDAQ:META). Musk's comment came in response to a post by Autism Capital on X, formerly Twitter. Despite the mockery, Zuckerberg remains steadfast in his belief that the metaverse represents the future of computing. However, there are concerns about the performance of Meta's social app, Horizon Worlds.

Portfolio Pulse from Ananya Gairola

September 21, 2023 | 11:59 am

SPLK

Trading of Splunk shares is set to resume at 8:15 a.m. ET.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 11:52 am

CRNX

NXGN

OBIO

TAK

The article identifies four overbought health care stocks: Orchestra BioMed Holdings, Inc. (OBIO), Crinetics Pharmaceuticals, Inc. (CRNX), Takeda Pharmaceutical Company Limited (TAK), and NextGen Healthcare, Inc. (NXGN). These stocks are considered overvalued and present an opportunity to go short. The companies have recent developments such as FDA approvals, public offerings, and acquisitions.

Portfolio Pulse from Lisa Levin

September 21, 2023 | 11:51 am

CSCO

SPLK

Cisco Systems Inc. is set to acquire Splunk Inc. for $157 per share in cash, representing an equity value of approximately $28 billion. The acquisition is aimed at making organizations more secure and resilient in an AI-powered world.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 11:46 am

AVGO

GOOG

MRVL

MSFT

Google plans to replace Broadcom with Marvell as its supplier of artificial intelligence chips by 2027. This decision follows a pricing dispute with Broadcom. Google's increased investment in generative AI, triggered by Microsoft-backed OpenAI's launch of ChatGPT, is also noteworthy. Broadcom's stock fell by 6.51%, while Marvell's rose by 3.87%.

Portfolio Pulse from Anusuya Lahiri

September 21, 2023 | 11:42 am

SPLK

Trading of shares in Splunk Inc. has been temporarily halted, with news pending.

Portfolio Pulse from Benzinga Newsdesk

September 21, 2023 | 11:41 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares could extend losses due to a rise in risk aversion toward growth stocks and company-specific news. Higher bond yields make investment in high-growth tech stocks unattractive. Tesla's production at the Giga Texas factory may remain suspended until September due to factory upgrades. The company is also facing depletion in the Model 3 inventory. Future Fund’s Gary Black expects Tesla’s third-quarter deliveries to undershoot expectations.

Portfolio Pulse from Shanthi Rexaline

September 21, 2023 | 11:35 am

AMZN

Amazon.com Inc (NASDAQ:AMZN) has decided to cancel its planned 2% fee on merchants not using its shipping services due to resistance from merchants and consultants. The fee was set to take effect on October 1 and would have applied to thousands of third-party merchants. The decision comes as Amazon faces an escalating antitrust investigation. The Federal Trade Commission is likely to file an antitrust case against Amazon soon. In Q2, Amazon's seller services brought in $32.3 billion, up 18% from the previous year.

Portfolio Pulse from Anusuya Lahiri

September 21, 2023 | 11:35 am

TOSBF

TOSYY

Toshiba Corp has announced the successful completion of a $14 billion tender offer from Japan Industrial Partners (JIP), allowing the company to go private. The total number of shares tendered exceeded the minimum required, with the company set to be delisted from the stock exchange as early as December.

Portfolio Pulse from Akanksha Bakshi

September 21, 2023 | 11:30 am