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FTNT

Fortinet (NASDAQ:FTNT) has significantly outperformed the market with an average annual return of 33.99% over the past 5 years. A $100 investment in FTNT 5 years ago would now be worth $432.00. Fortinet's market cap stands at $47.33 billion.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 5:00 pm

RBLX

Goldman Sachs has reaffirmed its Sell rating on Roblox Corporation (NYSE:RBLX) but increased its price target from $26.00 to $35.00. Despite the upgrade in the price target, the new target still suggests a potential downside of 10.71% from the current trading price of $39.20. Roblox operates an online platform allowing users to create and monetize games, and it earns revenue through a variety of channels while leveraging outsourced game development.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 5:00 pm

IBM

Evercore ISI Group upgraded IBM (NYSE:IBM) to Outperform with a new price target of $200.00, up from $165.00. IBM's shares have risen 2.21% to $170.53 recently. The new target suggests a 17.28% potential upside. IBM is a major IT services provider, operating in 175 countries with about 350,000 employees, and has significant market influence, managing a large portion of global credit card transactions and wireless connections.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 5:00 pm

PCAR

B of A Securities upgraded PACCAR (NASDAQ:PCAR) to Neutral with a new price target of $97.00, up from the previous $84.00. PACCAR's shares are currently trading at $95.83, and the new target suggests a modest 1.22% upside. PACCAR is a major truck manufacturer with significant market share in North America and Europe, and also offers financial services through Paccar Financial Services.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 5:00 pm

WABC

Piper Sandler has maintained a Neutral rating on Westamerica Bancorp (NASDAQ:WABC) but lowered its price target from $56.00 to $55.00. Westamerica Bancorp's shares are currently trading at $52.11, and the new price target suggests a potential upside of 5.55%. The bank, with approximately $7.5 billion in assets, primarily serves commercial clients in central and northern California.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 5:00 pm

BLK

BTCUSD

The first week of Bitcoin ETFs, including those from BlackRock Inc. (BLK) and ProShares, saw over $1 billion in assets under management but did not trigger the expected Bitcoin price surge. Analysts like James Seyffart and Eric Balchunas urge patience, emphasizing healthy ETF growth and sustained interest despite short-term price volatility. Mike Alfred suggests the price may be nearing the bottom. The key takeaway for investors is to focus on the long-term potential of ETFs in democratizing access to Bitcoin and not on immediate price movements.

Portfolio Pulse from Murtuza Merchant

January 19, 2024 | 4:58 pm

BTCUSD

DOGEUSD

The Twitter account @satoshi tweeted 'Hello world.' which was dismissed by the crypto community as a publicity stunt. The account, linked to Craig Wright who falsely claimed to be Satoshi Nakamoto, is not associated with Bitcoin's creator. JPMorgan CEO Jamie Dimon's mispronunciation of 'Satoshi' during a CNBC interview amused the community. The @satoshi account's previous activity in October 2023 mentioned exploring aspects of Bitcoin not in the white paper. Bitcoin is trading below $41,000 following an ETF launch.

Portfolio Pulse from Khyathi Dalal

January 19, 2024 | 4:58 pm

NFLX

Benchmark analyst Matthew Harrigan has maintained a Sell rating on Netflix (NASDAQ:NFLX) but increased the price target from $350 to $425.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 4:55 pm

META

JMP Securities analyst Andrew Boone has reaffirmed a 'Market Outperform' rating on Meta Platforms (NASDAQ:META) and increased the price target from $380 to $410.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 4:51 pm

F

Ford Motor Company (NYSE:F) is creating 900 new jobs and adding a third crew at Michigan Assembly Plant for increased production of Bronco, Bronco Raptor, and the new Ranger pickups. Despite this expansion, Ford is reducing F-150 Lightning production to balance production and profitability, affecting some employees. Approximately 1,400 employees will be impacted by the shift change at the Rouge Electric Vehicle Center, with reassignments and retirement incentives offered. Ford anticipates global EV sales growth in 2024 and is launching the 2024 Mustang Mach-E GT. Ford's stock price dropped slightly by 0.50% to $11.05.

Portfolio Pulse from Nabaparna Bhattacharya

January 19, 2024 | 4:47 pm