Streetbeat News

Stock Prices

LEN

JMP Securities analyst Aaron Hecht reiterated a Market Outperform rating on Lennar Corp (NYSE:LEN) and raised the price target from $115 to $135. The company's 2Q23 normalized EPS of $2.94 beat the analyst consensus, and the revenue of $8.04 billion beat the consensus of $7.18 billion. The analyst believes that the resale inventory drought and millennial demographics will benefit builders for multiple years.

Portfolio Pulse from Shivani Kumaresan

June 16, 2023 | 6:39 pm

FRHC

Freedom Holding Corp. (FRHC) has received a non-compliance letter from Nasdaq for failing to timely file its Annual Report on Form 10-K for the fiscal year ended March 31, 2023. The company has 60 days to submit a plan to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 6:35 pm

IRNT

IronNet shares are trading higher after a joint venture affiliated with C5 proposed funding for operation shortfalls, management changes, and steps to remove the company from public securities markets.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 6:33 pm

INMD

LLY

NVO

Chris Camillo, host of DumbMoney.tv, discussed how he predicts social changes to drive investment decisions. He mentioned the shifting beauty standards driving weight loss and cosmetic stocks higher, with companies like Novo Nordisk, Eli Lilly, and Inmode benefiting from the trend.

Portfolio Pulse from Aaron Bry

June 16, 2023 | 6:31 pm

NNOX

Nano X Imaging (NNOX) sees a sweep of 263 July 21 $22.5 calls near the ask price at $1.3, compared to an open interest of 1232. Earnings are estimated to be released on August 15 before the market opens.

Portfolio Pulse from Charles Gross

June 16, 2023 | 6:31 pm

AMD

INTC

NVDA

Nvidia Corp (NVDA) shares are trading higher after Morgan Stanley raised its price target from $450 to $500 and moved Nvidia to Top Pick over Advanced Micro Devices (AMD). Oppenheimer analyst Rick Schafer reiterated an Outperform rating on the stock, citing optimism on the Data Center (DC) inflection point led by accelerated computing and generative AI.

Portfolio Pulse from Anusuya Lahiri

June 16, 2023 | 6:29 pm

DV

META

Needham analyst Laura Martin reiterated a Buy rating on DoubleVerify Holdings (NYSE:DV) and raised the price target to $45 from $35. Martin believes Meta Platforms (NASDAQ:META) and TikTok will drive DV's social media revenues, with META's contribution potentially doubling in the next 12-24 months. Instagram Reels and YouTube shorts are expected to add measurement revenues in 2024.

Portfolio Pulse from Nabaparna Bhattacharya

June 16, 2023 | 6:27 pm

AMZN

Credit Suisse analyst Stephen Ju reiterates an Outperform rating on Amazon (NASDAQ:AMZN) with a price target of $142.00. Ju's analysis suggests Amazon's US GMV growth is accelerating share gains, with potential upside to U.S. GMV estimates for the balance of 2023.

Portfolio Pulse from Anusuya Lahiri

June 16, 2023 | 6:25 pm

CYBN

Cybin Inc. has filed for a mixed shelf offering of up to $125 million, allowing the company to issue various securities over time.

Portfolio Pulse from Charles Gross

June 16, 2023 | 6:18 pm

ADBE

AMD

AQB

CVNA

ESTE

META

NVDA

RBBN

SPCE

TSLA

Ten stocks trending on Discord for Friday, June 16, 2023, include NVDA, ADBE, AQB, TSLA, RBBN, SPCE, META, ESTE, AMD, and CVNA.

Portfolio Pulse from Charles Gross

June 16, 2023 | 6:17 pm