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COST

Stifel analyst Mark Astrachan has maintained a Buy rating on Costco Wholesale (NASDAQ:COST) and increased the price target from $595 to $615.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:50 pm

OKTA

Okta Inc (NASDAQ:OKTA) experienced a security breach that was more extensive than initially reported, impacting customer support systems and potentially affecting customer engagement and sales. Despite this, Okta reported a 21% revenue growth in Q3, beating guidance and consensus, and raised FY24 outlook. Analysts are divided on the stock, with price targets ranging from $70 to $100. Concerns over the breach's impact on future growth and customer retention are prevalent, with some analysts downgrading their ratings and price targets. Q4 revenue expectations are consistently around $586 million, with adjusted EPS estimates near $0.50-$0.51.

Portfolio Pulse from Anusuya Lahiri

November 30, 2023 | 7:47 pm

ENSC

Ensysce Biosciences shares have resumed trading after a temporary halt.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:44 pm

ENSC

Shares of Ensysce Biosciences were halted due to a circuit breaker after experiencing a sharp increase of 25.3%.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:43 pm

MINM

Minim Inc. has issued a statement addressing the unusual trading activity of its stock. The company clarified that it is not aware of any material, undisclosed information that could explain the recent surge in its share price and trading volume.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:39 pm

AVAXUSD

LINKUSD

RUNEUSD

SOLUSD

A cryptocurrency analyst, Altcoin Sherpa, predicts a gradual decline for Solana (SOL), Chainlink (LINK), Avalanche (AVAX), and Rune (RUNE), based on technical indicators like the .382 Fibonacci retracement levels and the 200-day EMAs. The analyst expects a 'grind down' period before a potential robust upward movement in January.

Portfolio Pulse from Murtuza Merchant

November 30, 2023 | 7:36 pm

COST

Truist Securities analyst Scot Ciccarelli has reiterated a Buy rating on Costco Wholesale (NASDAQ:COST) and maintained a price target of $619.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:34 pm

OKTA

Okta shares have declined after the company's Q3 results led to downgrades from multiple firms.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:33 pm

FL

Telsey Advisory Group analyst Cristina Fernández maintained an Outperform rating on Foot Locker, Inc. (NYSE:FL) and raised the price target from $22 to $31. The company's Q3 2023 results and revised guidance indicate stable trends, with no worsening as seen with other retailers. Foot Locker's promotional activities were anticipated in previous guidance and are not due to a soft consumer environment. The company is receiving vendor support to clear inventory and expects to end the year with inventory levels flat or slightly down. Sales trends improved through Q3, with a strong Black Friday weekend. Strategic initiatives, including the growth of strategic brands and community and power stores, are progressing. However, there is uncertainty for 2024 regarding inventory management and margin recovery. The analyst projects a lower EPS for 2023 and 2024, with operating margin compression in 2023 and a slight decrease in operating margin projection for 2024. FL shares dropped by 1.34% to $27.30.

Portfolio Pulse from Nabaparna Bhattacharya

November 30, 2023 | 7:33 pm

UNH

Truist Securities analyst David Macdonald has reiterated a Buy rating on UnitedHealth Group (NYSE:UNH) and maintained a price target of $610.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 7:30 pm