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T

AT&T (NYSE:T) has received various ratings from 9 analysts over the last quarter, with 3 bullish, 1 somewhat bullish, and 5 indifferent. The average 12-month price target for AT&T is $20.44, a 3.58% decrease from the previous average of $21.20.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 8:00 pm

SHOP

Shopify Inc. (NYSE:SHOP) shares are trading lower due to concerns over further Federal Reserve rate hikes. The wider tech sector is experiencing a downturn, which could negatively impact growth stocks. Despite this, Shopify's stock has seen a 75% increase since the start of the year, with a major boost coming from a surprise profit in May.

Portfolio Pulse from Ryan Gustafson

July 06, 2023 | 7:58 pm

RIVN

Rivian's shares are trading higher following the release of strong Q2 production figures.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 7:54 pm

CRON

CURLF

MO

Cronos Group Inc (NASDAQ: CRON), a Canadian cannabis producer backed by Altria Group Inc. (NYSE: MO), is reportedly considering a potential sale after attracting acquisition interest. The company, which has a market value of $727.54 million, is working with a financial adviser to handle expressions of interest from other companies, including Curaleaf Holdings Inc (OTCQX: CURLF). The discussions are confidential and no transaction is certain. Cronos' shares have lost a quarter of their value year-to-date.

Portfolio Pulse from Maureen Meehan

July 06, 2023 | 7:54 pm

DOCN

DigitalOcean Holdings, Inc. (NYSE:DOCN) has acquired PaperSpace for $111 million in cash. This acquisition will allow DigitalOcean customers to leverage GPUs alongside their CPU workloads, particularly for AI/ML applications. The company's shares were up 11.6% at $44.39 at the time of publication.

Portfolio Pulse from Ryan Gustafson

July 06, 2023 | 7:54 pm

UBER

Uber shares are trading lower due to overall market weakness on rate hike concerns. Additionally, Uber and DoorDash have filed a lawsuit against New York City over a new law that sets minimum wages for food-delivery workers.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 7:53 pm

FCEL

Shares of FuelCell Energy Inc (FCEL) are trading lower by 5.94% amid overall market weakness due to concerns over further rate hikes. The Federal Reserve's latest June FOMC Minutes highlighted some signs of supply and demand in the labor market moving toward a better balance. Higher interest rates can limit access to affordable financing options, making it challenging for companies like FuelCell Energy to secure necessary funds for capital-intensive projects.

Portfolio Pulse from Henry Khederian

July 06, 2023 | 7:50 pm

PTGX

VTYX

JMP Securities has increased the price target for Protagonist Therapeutics Inc (PTGX) from $28 to $35, citing impressive psoriasis data from the Phase 2b FRONTIER 1 trial. The trial data supports JNJ-2113 as the most efficacious oral agent in development for psoriasis. However, the shares fell as the data fell short of injectables. The shares have not fully recovered, partly due to upcoming data from Ventyx Biosciences Inc’s (VTYX) oral TYK2 inhibitor VTX958.

Portfolio Pulse from Vandana Singh

July 06, 2023 | 7:48 pm

DOCN

DigitalOcean has announced the acquisition of Paperspace for $111 million, leading to a rise in its share prices.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 7:48 pm

MDB

A significant amount of bearish options activity has been observed for MongoDB (NASDAQ:MDB). Of the 17 unusual trades detected, 64% were bearish and 35% bullish. The total amount for puts was $1,009,197 and for calls, $527,225. Whales have been targeting a price range from $270.0 to $520.0 for MongoDB over the last 3 months. The current price of MDB is down -2.47% at $399.45. Several financial institutions have recently updated their ratings and price targets for MongoDB.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 7:47 pm