Streetbeat News

Stock Prices

RBLX

Roblox shares are trading higher in premarket following reports on social media that popular artist Nicki Minaj has joined the gaming platform. This news suggests a potential increase in user engagement and publicity for Roblox, which could positively influence investor sentiment and the company's stock price in the short term.

Portfolio Pulse from Charles Gross

December 08, 2023 | 12:19 pm

SHO

WFC

Wells Fargo analyst Dori Kesten downgraded Sunstone Hotel Investors (NYSE:SHO) from Equal-Weight to Underweight and set a price target of $9.5.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 12:10 pm

HCP

TD Cowen analyst Derrick Wood has downgraded HashiCorp (NASDAQ:HCP) from Outperform to Market Perform and reduced the price target from $28 to $23.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 12:08 pm

BMY

BOOM

BUSE

MTDR

Insiders at Bristol-Myers Squibb, Matador Resources, First Busey, and DMC Global have recently made notable stock purchases. Bristol-Myers Squibb's CEO acquired shares amid positive trial data for a cancer treatment. Matador Resources' CEO purchased shares following strong quarterly results. First Busey's Director bought shares after the company posted upbeat earnings. DMC Global's Director made purchases despite the company's downbeat third-quarter results. Insider buying can signal confidence in the company's prospects or undervaluation.

Portfolio Pulse from Avi Kapoor

December 08, 2023 | 12:05 pm

DRH

Wells Fargo analyst Dori Kesten downgraded Diamondrock Hospitality (DRH) from Overweight to Equal-Weight and set a price target of $9.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 12:04 pm

VIRC

Virco Mfg. (VIRC) reported a 29.17% increase in Q3 EPS to $0.62, up from $0.48 YoY, and an 8.86% increase in sales to $84.25M, up from $77.39M YoY.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 12:04 pm

DTE

DTE Energy has provided its FY24 operating EPS guidance, projecting $6.54-$6.83, which is an increase from its FY23 guidance of $6.09-$6.40. This projection is also higher than the FY23 consensus estimate of $5.85 and aligns with the FY24 consensus of $6.62.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 12:03 pm

ALNY

Alnylam Pharmaceuticals (NASDAQ:ALNY) has received 19 analyst ratings in the last quarter, with an average price target of $246.53, representing an upside from the current price of $177.3. The ratings are predominantly bullish, with 8 bullish, 6 somewhat bullish, and 5 indifferent ratings. The current average price target has decreased slightly by 0.99% from the previous target of $249.00. Analysts typically review stocks each quarter and their ratings are based on company performance, financial analysis, and market conditions.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 12:00 pm

AAPL

FXCOF

Apple Inc. (AAPL) and its suppliers, including Foxconn Technology Co., Ltd. (FXCOF), plan to manufacture over 50 million iPhones annually in India within the next two to three years. This move is expected to account for 25% of global iPhone production. The expansion includes a new Foxconn facility in Karnataka, set to begin operations in April, and a partnership with Tata Group for one of India's largest iPhone assembly plants. The developments aim to diversify production outside of China and increase market share.

Portfolio Pulse from Nabaparna Bhattacharya

December 08, 2023 | 12:00 pm

DECK

Citigroup analyst Paul Lejuez has downgraded Deckers Outdoor (NYSE:DECK) from Buy to Neutral while increasing the price target from $665 to $710. This reflects a more cautious stance on the stock despite the raised target.

Portfolio Pulse from Benzinga Newsdesk

December 08, 2023 | 11:59 am