Streetbeat News

Stock Prices

MMSI

Merit Medical Systems (NASDAQ:MMSI) has received 12 analyst ratings in the last quarter, with 3 bullish, 8 somewhat bullish, and 1 indifferent. The average 12-month price target for the company is $88.42, an increase of 7.18% from the previous average of $82.50.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 5:01 pm

NBIX

BMO Capital has upgraded its rating of Neurocrine Biosciences (NASDAQ:NBIX) to Market Perform with a new price target of $96.00, up from $91.00. Neurocrine Biosciences' shares are currently trading at $95.23, up 0.74% over the last 24 hours. A move to $96.00 would account for a 0.8% increase from the current share price.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 5:01 pm

COO

DAL

JPM

VRTX

The CNBC Halftime Report discussed final trades involving Vertex Pharmaceuticals, Delta Air Lines, JP Morgan Chase & Co., and The Cooper Companies.

Portfolio Pulse from Happy Mohamed

July 06, 2023 | 5:00 pm

ITCI

Needham has maintained its Buy rating for Intra-Cellular Therapies (NASDAQ:ITCI) and increased its price target from $70.00 to $73.00. Shares of Intra-Cellular Therapies have risen by 2.3% over the last 24 hours, trading at $64.94 per share. A move to $73.00 would represent a 12.41% increase from the current share price.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 5:00 pm

BDRX

CNVS

NDAQ

STRC

On Thursday, 109 companies set new 52-week lows. The largest company in terms of market cap to set a new 52-week low was Nasdaq (NASDAQ:NDAQ). Biodexa Pharmaceuticals (NASDAQ:BDRX) was the smallest company in terms of market cap to set a new 52-week low. Sarcos Technology (NASDAQ:STRC) shares dropped the most, trading down 417.35% to reach its new 52-week low. Cineverse (NASDAQ:CNVS) shares were the most resilient, as shares rose 0.0%, rebounding from its new 52-week low.

Portfolio Pulse from Benzinga Insights

July 06, 2023 | 4:58 pm

CZR

Caesars Entertainment shares are trading lower due to concerns about rate hikes affecting the travel and leisure industry.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 4:57 pm

ACHR

AGFY

ARRY

Industrial stocks are trading lower due to concerns over potential rate hikes, which could negatively impact economic activity and spending.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 4:57 pm

MRNA

Moderna's stock is trading lower following a strong performance on Wednesday.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 4:54 pm

AR

CPE

CRK

CTRA

CVE

NFE

SM

SU

Oil and energy stocks are trading lower due to concerns over potential US rate hikes, which could negatively impact demand. Stocks mentioned include AR, CPE, CRK, CTRA, CVE, NFE, SM, SU.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 4:53 pm

AI

META

NVDA

SPY

Goldman Sachs has issued a note discussing the potential impact of generative AI on U.S. equities. The firm believes that AI could significantly boost productivity and offer upside to equities in the medium to long term. However, it also warns of potential risks, such as equity bubbles and policy responses that could limit companies' ability to retain additional profits. The note mentions stocks such as C3.ai Inc (AI), Meta Platforms Inc (META), Nvidia Corp (NVDA), and SPDR S&P 500 ETF Trust (SPY).

Portfolio Pulse from AJ Fabino

July 06, 2023 | 4:53 pm