Streetbeat News

Stock Prices

TTC

Analysts have provided mixed ratings for Toro (NYSE:TTC) in the last quarter, with 1 bullish, 1 somewhat bullish, and 2 indifferent ratings. The average 12-month price target for Toro is $102.75, a decrease of 10.65% from the previous average price target of $115.00.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 2:00 pm

AVTA

Avantax Inc. (NASDAQ:AVTA) has agreed to be acquired by Cetera Holdings for about $1.2 billion in an all-cash deal. Avantax stockholders will receive $26.00 per share in cash, a 30% premium over the September 8, 2023, closing stock price. After the completion, Avantax will become a standalone business unit within the Cetera family.

Portfolio Pulse from Akanksha Bakshi

September 11, 2023 | 2:00 pm

INNV

InnovAge Holding (NASDAQ:INNV) is set to release its latest quarterly earnings report on Tuesday, 2023-09-12. Analysts estimate an earnings per share (EPS) of $-0.03. The company's past performance shows a mixed trend of meeting, exceeding, or missing EPS estimates, with corresponding changes in share price. The stock is currently trading at $6.43 and has seen a 64.44% increase over the last 52-week period.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 2:00 pm

AAPL

Apple Inc. is reportedly planning to discontinue the iPhone mini models with the launch of the iPhone 15. The company's inventory of iPhone 13 mini and other products like Apple Watch Ultras, Watch bands, leather cases, and MagSafe wallets is running low. The tech giant is also expected to drop the prices of several older iPhone models by $100 to coincide with the new release. The discontinuation of the iPhone 13 mini suggests that the era of compact iPhones might be winding down.

Portfolio Pulse from Benzinga Neuro

September 11, 2023 | 1:52 pm

RENT

Morgan Stanley analyst Lauren Schenk has maintained an Equal-Weight rating on Rent the Runway (NASDAQ:RENT) and lowered the price target from $3.5 to $1.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2023 | 1:51 pm

AAPL

QCOM

Qualcomm Inc. (NASDAQ:QCOM) and Apple Inc. (NASDAQ:AAPL) have entered into a three-year deal over 5G chips. This comes as Apple's efforts to develop its own 5G chips seem to be facing challenges. Last year, Apple’s modem purchases accounted for 16% of Qualcomm's earnings. Despite this, Qualcomm's shares have dropped by 20% over the past year. However, Qualcomm's shares were up 3.6% during early trading on Monday.

Portfolio Pulse from Piero Cingari

September 11, 2023 | 1:49 pm

PALI

Palisade Bio Inc's shares are trading lower by 0.66% after the company announced a $2 million registered direct offering. The company plans to use the net proceeds for working capital and general corporate purposes. Ladenburg Thalmann & Co. Inc. is the exclusive placement agent for the offering.

Portfolio Pulse from Henry Khederian

September 11, 2023 | 1:46 pm

YUM

Yum Brands Inc.'s (NYSE:YUM) share price is currently at $126.97, after a 0.34% increase. Over the past month, the stock fell by 4.34%, but in the past year, it spiked by 11.78%. The company's P/E ratio is lower than the aggregate P/E of 164.86 of the Hotels, Restaurants & Leisure industry, which could indicate that the stock is undervalued or that shareholders do not expect the stock to perform better in the future.

Portfolio Pulse from Benzinga Insights

September 11, 2023 | 1:45 pm

CGC

Shares of Canopy Growth Corp (NASDAQ:CGC) have risen by 11.6% to $1.04 due to a recent surge in the cannabis sector. This surge is attributed to the Department of Health and Human Services' proposal to reclassify marijuana to a lower-risk drug category. Canopy Growth's stock has risen over 50% in the past week alone.

Portfolio Pulse from Henry Khederian

September 11, 2023 | 1:45 pm

TNON

Tenon Medical Inc (NASDAQ:TNON) shares dropped by 27.2% after the company announced a proposed public offering of common stock. The offering is contingent on market conditions and other factors, with no guarantee on the timing or completion of the offering. Maxim Group LLC is acting as the sole placement agent.

Portfolio Pulse from Henry Khederian

September 11, 2023 | 1:43 pm