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Stock Prices

DADA

Dada Nexus Limited (NASDAQ:DADA) stock is trading lower after the company disclosed that its internal audit found suspicious practices that may have led to overstated revenues for its online advertising and marketing services in 2023. The company has warned that its Q4 and full-year 2023 guidance should not be relied upon. The stock has seen a significant increase in trading volume and has set a new 52-week intraday low.

Portfolio Pulse from Erica Kollmann

January 08, 2024 | 6:06 pm

CYBR

Oppenheimer analyst Shaul Eyal has maintained an Outperform rating on CyberArk Software (NASDAQ:CYBR) and increased the price target from $195 to $260, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 6:03 pm

BLK

GS

MSFT

On CNBC's Halftime Report, the final trades segment featured recommendations for Microsoft (MSFT), The Goldman Sachs Group (GS), and BlackRock (BLK). These companies were highlighted as potential investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 6:01 pm

BYON

Beyond, Inc. (NYSE:BYON) received an upgrade from Hold to Buy by Needham analyst Anna Andreeva, with a new price target of $40, indicating a potential 56% upside. The stock has risen over 9% in the past month and is currently up 1.3% at $25.67. The upgrade is based on the potential for cost reductions and leadership under Lemonis. Additionally, 12.53% of Beyond's shares are sold short.

Portfolio Pulse from Erica Kollmann

January 08, 2024 | 6:01 pm

NVCR

NovoCure's stock is trading higher following the company's announcement of preliminary Q4 and full-year 2023 revenue guidance that exceeded analysts' expectations.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 6:01 pm

MLM

Analysts have provided mixed evaluations of Martin Marietta Materials (NYSE:MLM) with 6 ratings over the past three months. The average 12-month price target is $541.33, a 7.78% increase from the previous target. Analysts from firms like Morgan Stanley and Stifel have raised their price targets, reflecting a positive outlook. Martin Marietta, a major producer of construction aggregates, has shown strong financial health with a high market cap, positive revenue trend, and net margin, but has lower ROE and ROA compared to industry averages, and a higher debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 6:00 pm

EPRT

Five analysts have recently updated their ratings on Essential Properties Realty Trust Inc (NYSE:EPRT), with a positive shift in sentiment. The average 12-month price target is now $27.65, up from $27.25. Analysts from Raymond James, B. Riley Securities, Stifel, and Truist Securities have provided ratings ranging from 'Outperform' to 'Buy', with price targets between $25.75 and $29.00. Essential Props Realty, a real estate investment trust, has shown strong financial performance with a revenue growth of 29.71%, a net margin of 49.98%, an ROE of 1.63%, an ROA of 1.04%, and a low debt-to-equity ratio of 0.56.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 6:00 pm

IQV

IQVIA Holdings Inc. (NYSE:IQV) has seen a decrease in short interest, with the short percent of float dropping 3.03% since the last report. The company has 3.57 million shares sold short, representing 2.24% of available shares for trading. The current short interest is lower than the peer group average of 5.62%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 6:00 pm

PPG

PPG Industries (NYSE:PPG) has seen a 7.23% increase in short interest since the last report, with 2.09 million shares sold short, representing 0.89% of available shares. The short interest is lower than the peer group average of 3.88%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Traders would need approximately 1.0 day to cover their short positions based on current trading volume.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 6:00 pm

ADP

Automatic Data Processing (NASDAQ:ADP) has delivered an average annual return of 12.9% over the past 10 years, outperforming the market. A $1000 investment in ADP a decade ago would now be worth $3,402.98. ADP's market capitalization stands at $97.06 billion.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 6:00 pm