Streetbeat News

Stock Prices

MRVL

Marvell Tech (NASDAQ:MRVL) has received mostly bullish ratings from 14 analysts over the past quarter, with an average price target of $79.07, indicating a potential upside from the current price of $53.93. The average price target has increased by 18.69% from the previous average of $66.62.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 6:00 pm

MPWR

Monolithic Power Systems (NASDAQ:MPWR) has received positive analyst ratings in the last quarter, with 6 bullish and 5 somewhat bullish ratings. The average 12-month price target for the company has increased by 12.58% to $577.27, with a high of $600.00 and a low of $540.00. Analysts typically base their ratings on the company's future earnings and revenue streams.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 6:00 pm

SPY

USO

According to a Wall Street Journal report, Iran's oil exports have increased as the U.S. has backed away from some sanctions enforcement. The U.S. curbed actions targeting Iran's oil exports in the run-up to the detainee release.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 5:54 pm

ARM

Arm shares are experiencing post-IPO volatility, leading to a decrease in their trading value.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 5:54 pm

LAW

CS Disco shares are trading higher after reports of the CEO's exit following allegations of misconduct, including groping.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 5:51 pm

SMAR

Needham analyst Scott Berg reiterated a Buy rating for Smartsheet Inc (NYSE:SMAR) with a $57 price target. The analyst attended Smartsheet's annual customer conference, Engage, which saw a nearly doubled turnout. The conference highlighted new AI functionality and scalability of the platform. Smartsheet announced an updated template gallery and a Solution Panel for efficient work management. The company also introduced new functionalities for Resource Management and a Content Library usable across Brandfolder and SmartSheet. The analyst projects Q3 revenue of $241.09 million and adjusted EPS of $0.08.

Portfolio Pulse from Anusuya Lahiri

September 20, 2023 | 5:48 pm

INTC

MU

Deutsche Bank's Sidney Ho upgraded Micron Technology Inc (MU) stock due to signals that AI is providing a lift to the memory chip market. Micron's 1-beta DRAM chips are designed for data centers, which are boosting demand for AI servers. Intel Corporation (INTC) shares dropped by 4.5% after CFO David Zinser warned of excess data center chip inventories. However, Intel is launching processors designed to power AI-capable laptops, which could offset some challenges.

Portfolio Pulse from Upwallstreet

September 20, 2023 | 5:47 pm

UBS

UBS Gr's short percent of float has fallen 10.94% since its last report, with 16.02 million shares sold short, which is 0.57% of all regular shares available for trading. It would take traders 4.07 days to cover their short positions on average. The decrease in short interest can signal that investors have become more bullish. UBS Gr's peer group average for short interest as a percentage of float is 2.39%, indicating the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 5:45 pm

NOW

ServiceNow's (NYSE:NOW) short percent of float has fallen 3.91% since its last report, with 2.50 million shares sold short, which is 1.23% of all regular shares available for trading. It would take traders 2.77 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 5.25%.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 5:45 pm

SRE

Sempra Energy's (NYSE:SRE) short percent of float has risen 121.43% since its last report, with 5.86 million shares sold short, which is 0.93% of all regular shares available for trading. It would take traders 2.65 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Sempra Energy's peer group average for short interest as a percentage of float is 2.12%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 5:45 pm