Streetbeat News

Stock Prices

AMD

AMD's stock price is on the rise following an endorsement from Raymond James, which maintained a Strong Buy rating and increased the price target from $125 to $140.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:52 pm

QTWO

Charles Nabhan, an analyst at Stephens & Co., has upgraded Q2 Holdings (NYSE:QTWO) from Equal-Weight to Overweight and increased the price target from $36 to $46.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:51 pm

GME

GameStop Corp (NYSE:GME) reported Q3 revenue of $1.078 billion, below analyst estimates of $1.18 billion and down from $1.186 billion year-over-year. The company posted a loss of 1 cent per share, an improvement from a loss of 31 cents per share in the same quarter last year. GameStop ended the quarter with $1.21 billion in cash and equivalents, with limited long-term debt. Under new CEO Ryan Cohen, the company did not hold a Q3 earnings call. GME shares dropped 8.02% to $13.65 following the earnings report.

Portfolio Pulse from Adam Eckert

December 07, 2023 | 1:49 pm

MCD

TD Cowen analyst Andrew Charles has maintained an Outperform rating on McDonald's (NYSE:MCD) and increased the price target from $300 to $325.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:45 pm

CHWY

SMTC

SVFD

Save Foods (SVFD) shares surged 107% after the company announced the acquisition of majority ownership in Nitrousink Ltd, targeting the US carbon credit market. Chewy (CHWY) shares fell 13% following mixed Q3 results and reduced FY23 net sales guidance. Semtech (SMTC) shares rose 16% after reporting positive Q3 financial results and providing guidance.

Portfolio Pulse from ryanfaloona@benzinga.com

December 07, 2023 | 1:44 pm

METC

Benchmark analyst Nathan Martin has maintained a Buy rating on Ramaco Resources (NASDAQ:METC) and increased the price target from $15 to $20.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:41 pm

BYTS

BYTE Acquisition Corp. (NASDAQ:BYTS) and Airship AI Holdings, Inc. have announced the filing of a definitive proxy statement for their proposed business combination. The Extraordinary General Meeting for BYTE shareholders to vote on the merger is scheduled for December 15, 2023. If approved, the combined entity will be listed on Nasdaq under the ticker symbol 'AISP'. Shareholders as of November 21, 2023, are urged to vote, with BYTE's board recommending approval of the merger.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:40 pm

TSLA

Denmark's labor union 3F, currently striking against Tesla Inc. (NASDAQ:TSLA), has been found to have a $58M investment in Tesla through its pension fund, PensionDanmark. Despite the conflict with Tesla over labor agreements in Sweden, 3F's head Jan Villadsen has no immediate plans to divest from Tesla, prioritizing a cautious approach for pension contributors. Tesla's stock remains strong, up over 120% this year, and was trading up 1.16% at $239.37 in Thursday's pre-market.

Portfolio Pulse from Ramakrishnan M

December 07, 2023 | 1:40 pm

SASI

Sigma Additive Solutions, Inc. (NASDAQ:SASI) has filed its definitive proxy statement with the SEC regarding the proposed acquisition of NextTrip Holdings, Inc. Shareholders as of November 20, 2023, are encouraged to vote on the acquisition and other matters at the Annual Meeting on December 28, 2023. The acquisition involves Sigma acquiring all capital stock of NextTrip in exchange for 19.99% of Sigma's outstanding common stock and additional contingent shares based on NextTrip's post-closing performance.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:40 pm

NVTS

Navitas Semiconductor (NASDAQ:NVTS) has announced that its GaNFast power ICs with GaNSense technology are featured in NIO's new smartphone, the NIO Phone, which offers 66 W fast charging and seamless integration with NIO's electric vehicles. The phone includes a Qualcomm Snapdragon 8 Gen 2 chip, a 6.81-inch 2K screen, and can control over 30 car functions, potentially replacing car keys. Navitas' ICs contribute to the phone's lightweight and efficient charging experience, marking a collaboration between Navitas, NIO, and TenPao, the manufacturer of the NIO Phone charger.

Portfolio Pulse from Benzinga Newsdesk

December 07, 2023 | 1:39 pm