Streetbeat News

Stock Prices

ALVR

CMS

CTSH

FPI

HBAN

KRTX

MOD

OHI

PAYX

Wall Street analysts have updated their price targets and ratings for several companies. Karuna Therapeutics' target was raised but downgraded to Neutral. AlloVir's target was cut significantly and downgraded to Underperform. Farmland Partners, Huntington Bancshares, Cognizant Technology Solutions, Modine Manufacturing, and CMS Energy had their targets raised with positive ratings. Paychex and Omega Healthcare Investors had their targets cut with neutral and hold ratings, respectively. Equillium's target was slashed but maintained a Buy rating.

Portfolio Pulse from Avi Kapoor

December 26, 2023 | 1:03 pm

DARE

Daré Bioscience, Inc. (NASDAQ:DARE) has secured a royalty-backed investment structure providing $5 million initially and up to $7 million in additional tranches. The investor will receive a percentage of royalties and milestones from Daré's license agreement for XACIATO with Organon until a targeted return is achieved. Daré also issued a 5-year warrant for 5 million shares at $0.3467 per share, a 10% premium to the previous closing price.

Portfolio Pulse from Happy Mohamed

December 26, 2023 | 1:02 pm

AWIN

GRCL

LDTC

NXTP

SNTG

VLCN

VRM

Sentage Holdings Inc. (SNTG) shares dropped by 5.1% in pre-market trading after reporting a loss of 46 cents per share for the six months ended June 30, 2023, compared to a loss of 41 cents per share in the previous year. The company's total operating revenue was $82, down from $0.18 million year-over-year. Other stocks experienced pre-market movements, with notable gainers including Volcon, Inc. (VLCN), Gracell Biotechnologies Inc. (GRCL), and AERWINS Technologies Inc. (AWIN), and significant losers such as NextPlay Technologies, Inc. (NXTP), Prospector Capital Corp. (LDTC), and Vroom, Inc. (VRM).

Portfolio Pulse from Avi Kapoor

December 26, 2023 | 1:01 pm

DNTH

Jefferies analyst Maury Raycroft has initiated coverage on Dianthus Therapeutics (NASDAQ:DNTH) with a Buy rating and set a price target of $22.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 12:40 pm

CMS

BMO Capital analyst James Thalacker has maintained an Outperform rating on CMS Energy (NYSE:CMS) and increased the price target from $61 to $64.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 12:30 pm

ADSK

AVGO

INTU

Insiders at Block, Broadcom, Intuit, and Autodesk have recently sold shares of their companies. Block's CFO and COO sold shares at an average price of $77.81, while Broadcom's President and CEO sold shares at $1,122.46 average price. Intuit's Director sold shares at $622.92 average price, and Autodesk's Director sold at $244.00. These sales occurred amidst various company updates, including Block's transaction growth, Broadcom's mixed results with positive guidance, Intuit's better-than-expected earnings, and Autodesk's upbeat quarterly results.

Portfolio Pulse from Avi Kapoor

December 26, 2023 | 12:25 pm

SKWD

BMO Capital analyst Michael Zaremski has maintained a 'Market Perform' rating on Skyward Specialty (NASDAQ:SKWD) and increased the price target from $29 to $31.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 12:23 pm

FPI

Raymond James analyst Buck Horne has maintained an Outperform rating on Farmland Partners (NYSE:FPI) and increased the price target from $14 to $15.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 12:19 pm

ASPN

GLT

NGVT

Four materials sector stocks are considered overbought based on their Relative Strength Index (RSI) values, which may signal a potential short-term decline. Alcoa Corporation (AA), Glatfelter Corporation (GLT), Aspen Aerogels, Inc. (ASPN), and Ingevity Corporation (NGVT) have all seen significant price increases over the past month, with their RSI values exceeding 70, indicating they may be overbought.

Portfolio Pulse from Avi Kapoor

December 26, 2023 | 12:17 pm

COP

ConocoPhillips (NYSE:COP) is proceeding with the Willow project in Alaska after receiving approval from the Department of the Interior and positive court rulings. The project, which faced opposition from environmentalists, is expected to generate significant revenue and create jobs, while reducing dependency on foreign energy. Despite the progress, COP shares dipped slightly in premarket trading.

Portfolio Pulse from Lekha Gupta

December 26, 2023 | 12:08 pm