Streetbeat News

Stock Prices

NSTG

NanoString Technologies, Inc. (NASDAQ:NSTG) has released a preliminary update for Q2 2023, expecting revenues to exceed $44 million, a YoY growth of approximately 37%. The company has also retained more than $30 million in the CosMx instrument order backlog, despite a competitor's attempt to scare off customers. The company's spatial biology revenue is expected to be over $23 million, and nCounter revenue is expected to be approximately $21 million. The company reiterated its full-year revenue guidance of $175 million-$185 million.

Portfolio Pulse from Nabaparna Bhattacharya

July 10, 2023 | 11:50 am

BTCUSD

Apple Inc co-founder Steve Wozniak praised Bitcoin (CRYPTO: BTC) as the 'only cryptocurrency that’s pure-gold mathematics.' He expressed caution about other cryptocurrencies and non-fungible tokens (NFTs), suggesting potential scams. If you had invested $100 in Bitcoin today and its value reached levels when Wozniak acclaimed it, your investment would have generated a 30% profit.

Portfolio Pulse from Mehab Qureshi

July 10, 2023 | 11:46 am

ARES

Keefe, Bruyette & Woods analyst Michael Brown has downgraded Ares Management (NYSE:ARES) from Outperform to Market Perform and lowered the price target from $99 to $98.

Portfolio Pulse from richadhand@benzinga.com

July 10, 2023 | 11:45 am

TSLA

Jefferies analyst Philippe Houchois has raised the price target for Tesla, Inc. (NASDAQ:TSLA) from $185 to $265, suggesting a 3.44% downside from current levels. The analyst expects Q2 revenue to be $24.7 billion, up 6% sequentially and 46% higher than a year ago. However, he warned that the factors that led to a 65% drop in Tesla's stock in the second half of 2022 have not disappeared.

Portfolio Pulse from Shanthi Rexaline

July 10, 2023 | 11:43 am

IP

B of A Securities analyst George Staphos has downgraded International Paper (NYSE:IP) from Neutral to Underperform and lowered the price target from $35 to $33.

Portfolio Pulse from richadhand@benzinga.com

July 10, 2023 | 11:39 am

FMC

FMC Corporation's shares are trading lower after the company issued weak revenue guidance due to volume declines in three of its four operating regions.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 11:36 am

AMBP

B of A Securities analyst George Staphos has downgraded Ardagh Metal Packaging (NYSE:AMBP) from Buy to Neutral and lowered the price target from $5 to $4.

Portfolio Pulse from richadhand@benzinga.com

July 10, 2023 | 11:36 am

FMC

FMC Corporation has revised its FY23 revenue guidance to $5.2B-$5.4B, which is lower than the estimated $6.11B.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 11:35 am

AMCR

B of A Securities analyst George Staphos has downgraded Amcor (NYSE:AMCR) from Buy to Underperform and lowered the price target from $12.4 to $9.

Portfolio Pulse from richadhand@benzinga.com

July 10, 2023 | 11:35 am

AAN

Loop Capital analyst Anthony Chukumba has downgraded Aarons (NYSE:AAN) from Buy to Hold.

Portfolio Pulse from richadhand@benzinga.com

July 10, 2023 | 11:33 am