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Stock Prices

ALLT

Needham has reaffirmed its Buy rating on Allot (NASDAQ:ALLT) but reduced its price target from $4.00 to $2.50. Despite the lower target, the new price still suggests a significant upside of 83.82% from the current share price of $1.36. Allot Ltd provides network intelligence and security solutions and is utilized by service providers and enterprises globally.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 5:00 pm

AMZN

BITF

CUEN

FLJ

ICLK

IMPL

IRBT

U.S. stocks showed mixed performance with the Dow Jones gaining, while the NASDAQ and S&P 500 fell slightly. Energy shares surged, but communication services shares declined. The U.S. services PMI rose to 50.8, indicating expansion. FLJ Group announced an acquisition agreement, boosting its shares by 68%. iRobot shares increased by 33% as Amazon's acquisition is close to EU approval. iClick Interactive also rose after a merger deal. Conversely, Impel Pharmaceuticals, Cuentas, and Bitfarms shares fell following various company-specific news. Oil prices edged lower, while gold and silver rose.

Portfolio Pulse from Lisa Levin

November 24, 2023 | 4:56 pm

AAPL

Wedbush analyst Daniel Ives has maintained an Outperform rating on Apple Inc (AAPL) with a price target of $240. Supply chain checks in Asia show strong demand for the iPhone 15, particularly in China, with no major downward revisions expected into early 2024. U.S. sales of the iPhone 15 have been robust, with sales expected to grow modestly from Black Friday to Christmas. Despite competition from Huawei, Apple's iPhone sales in China are growing, with a higher proportion of iPhone 15 Pro sales. The ASP of iPhones is rising, and iPhone revenue for the December quarter is expected to increase year-over-year. Apple's service revenue is also seeing double-digit growth, and iPhone unit sales are projected to be around 225 million for FY24. Ives forecasts Q1 revenue and EPS slightly above consensus at $117.96 billion and $2.10, respectively. AAPL shares traded lower by 0.83% at $189.73 last Friday.

Portfolio Pulse from Anusuya Lahiri

November 24, 2023 | 4:56 pm

BKKT

CLSK

MARA

MSTR

RIOT

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 4:55 pm

VZIO

WMT

VIZIO Holding Corp (NYSE:VZIO) has announced Black Friday discounts on its popular TVs and soundbars, with deals available through various dates, including some at Walmart Inc (NYSE:WMT). VIZIO's 50" and 75" Class V-Series 4K UHD LED Smart TVs are notably discounted. Following its Q3 earnings report, which surpassed consensus estimates, VIZIO's stock showed a slight increase.

Portfolio Pulse from Lekha Gupta

November 24, 2023 | 4:48 pm

VALE

Benzinga's options scanner observed 10 unusual options trades for Vale (NYSE:VALE), indicating a mixed sentiment with 60% bullish and 40% bearish among big-money investors. The trades consisted of 8 puts worth $284,570 and 2 calls worth $374,726, targeting a price range of $15.0 to $18.0 for Vale over the next three months. The company, a major global miner, is focusing on iron ore, nickel, and copper, and plans to sell a 13% stake in its base metals business by early 2024. Vale's stock is currently at $15.12, with potential overbought signals, and analysts have set an average price target of $17.875, with varying recommendations from Goldman Sachs, Deutsche Bank, B of A Securities, and RBC Capital.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 4:45 pm

ICLK

iClick Interactive Asia Group's stock is trading higher following the announcement of a definitive merger agreement for a going-private transaction.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 4:39 pm

Versus Systems' stock price has increased following the announcement of an investment from Cronus Equity Capital Group, LLC.

Portfolio Pulse from Benzinga Newsdesk

November 24, 2023 | 4:31 pm

LILM

Lilium N.V. (NASDAQ:LILM) has signed a memorandum of understanding with CITIC Offshore Helicopter Co. to collaborate on establishing an eVTOL operation network in China, starting with the Greater Bay Area. The partnership aims to develop regional services based on market demand and eventually offer regular eVTOL services. This move is part of Lilium's expansion in China, following agreements with Heli-Eastern and an MOU with the Bao'an District of Shenzhen. CEO Klaus Roewe emphasizes the importance of the Chinese market, which is expected to account for 25% of the eVTOL market. LILM shares rose 8.23% to $0.9029 following the announcement.

Portfolio Pulse from Nabaparna Bhattacharya

November 24, 2023 | 4:31 pm

AMZN

IRBT

iRobot Corporation (NASDAQ:IRBT) stock is surging following a Reuters report that the European Commission is likely to approve Amazon's (NASDAQ:AMZN) $1.4 billion acquisition of iRobot without conditions. The UK antitrust agency has already unconditionally cleared the deal. iRobot's stock is experiencing heavy trading volume, with over 4.5 million shares traded compared to its 100-day average of less than 260 thousand. The stock has also been a target for short-sellers, with 15.07% of IRBT shares sold short. At the time of publication, iRobot shares have risen by 36% to $40.64.

Portfolio Pulse from Erica Kollmann

November 24, 2023 | 4:21 pm