Streetbeat News

Stock Prices

AMZN

B of A Securities maintains its Buy rating for Amazon.com (NASDAQ:AMZN) and raises its price target from $139 to $154, representing a 22.71% increase from the current share price. Amazon shares are trading up 1.67% over the last 24 hours.

Portfolio Pulse from Benzinga Insights

June 12, 2023 | 5:01 pm

SHOP

In the last quarter, Shopify (NYSE:SHOP) received 2 bullish, 7 somewhat bullish, and 11 indifferent analyst ratings. The average 12-month price target for the stock is $61.15, up 18.81% from the previous average of $51.47.

Portfolio Pulse from Benzinga Insights

June 12, 2023 | 5:01 pm

SOFI

Truist Securities maintains its Buy rating for SoFi Techs (NASDAQ:SOFI) and raises its price target from $8.00 to $11.00. Shares of SoFi Techs are trading up 10.02% over the last 24 hours, at $9.00 per share.

Portfolio Pulse from Benzinga Insights

June 12, 2023 | 5:00 pm

BLNK

Blink Charging (BLNK) shares are up 7.55% after announcing plans to introduce a North American Charging Standard (NACS) connector option for its products. The company's DC fast charger, supporting both NACS and CCS connectors, is in the final stages of design. This follows GM and Tesla's collaboration to integrate NACS connectors into GM's EVs starting in 2025.

Portfolio Pulse from Henry Khederian

June 12, 2023 | 5:00 pm

ALIM

Alliance Global Partners upgraded Alimera Sciences (NASDAQ:ALIM) to Buy with a price target of $8.00, up from $4.50. Shares of Alimera Sciences are trading up 14.0% at $2.85 per share.

Portfolio Pulse from Benzinga Insights

June 12, 2023 | 5:00 pm

ABBV

AVGO

DE

CNBC's Halftime Report discussed final trades, highlighting AbbVie, Deere & Company, and Broadcom as stocks to watch.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 5:00 pm

SPY

USO

The U.S. Energy Information Administration (EIA) reports that oil output from top shale-producing regions is expected to reach a record high in July, with the least increase since December 2022. U.S. Permian oil output is also due to rise to its highest on record.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 4:56 pm

DIA

IWM

QQQ

SPY

Major indices are higher as investors anticipate the release of May CPI data and the Federal Reserve's decision this week.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2023 | 4:55 pm

BILL

INTU

Morgan Stanley analyst Jonathan Lee downgraded BILL Holdings from Overweight to Equal Weight, citing structural limitations, increased competition from Intuit, and macroeconomic pressure on total payment volume. The price target remains unchanged at $105.

Portfolio Pulse from Priya Nigam

June 12, 2023 | 4:53 pm

LBRT

OIH

OII

PUMP

RES

WHD

Oil prices tumble amid concerns of a potential production war between Russia and Saudi Arabia, and sluggish Chinese demand recovery. Goldman Sachs revises its December 2023 Brent forecast downward from $95 to $86 per barrel. Oil services stocks, such as WHD, LBRT, RES, OII, and PUMP, outperform oil E&Ps.

Portfolio Pulse from Piero Cingari

June 12, 2023 | 4:51 pm