Streetbeat News

Stock Prices

PANW

A whale investor has taken a bullish stance on Palo Alto Networks (NASDAQ:PANW), with 62% of investors opening trades with bullish expectations and 37% with bearish. The whale has been targeting a price range from $210.0 to $450.0 for Palo Alto Networks over the last 3 months. The price of PANW is currently down -0.7% at $235.12. HSBC has downgraded its action to Hold with a price target of $242, while Citigroup and BTIG maintain their Buy rating with price targets of $285 and $292 respectively.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 4:30 pm

COF

A whale investor has taken a bullish stance on Capital One Financial (NYSE:COF), with 63% of the investors opening trades with bullish expectations and 36% with bearish. The whale has been targeting a price range from $92.0 to $110.0 for Capital One over the last 3 months. Citigroup maintains a Buy rating on Capital One with a price target of $126, while Morgan Stanley maintains an Underweight rating with a price target of $86.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 4:30 pm

LCID

RIVN

TSLA

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have revamped the $7,500 EV tax credit system, making the savings immediate rather than waiting for a tax return. This applies to both new and previously owned clean vehicles. Dealers must register via a new IRS portal called Energy Credits Online to facilitate the transaction. The new rule is expected to boost the electric vehicle market in the U.S. Shares of Tesla Inc (NASDAQ:TSLA), Rivian Automotive Inc (NASDAQ:RIVN), and Lucid Group Inc (NASDAQ:LCID) saw a lift after the Treasury Department issued its new guidance.

Portfolio Pulse from AJ Fabino

October 06, 2023 | 4:27 pm

ETN

Eaton Corp's stock is trading higher following an upgrade to 'Overweight' by JP Morgan.

Portfolio Pulse from Bill Haddad

October 06, 2023 | 4:24 pm

LLY

Eli Lilly's shares were climbing during Friday's trading session. The stock has been under pressure due to macro uncertainties, not fundamental concerns, according to BofA Securities. Analyst Geoff Meacham reiterated a Buy rating on Eli Lilly, raising the price target from $600 to $700. Meacham highlighted the company's upcoming obesity drugs, including Mounjaro, as key value drivers. He also noted the company's potential for margin expansion and the early- and mid-stage pipeline as unappreciated parts of the story.

Portfolio Pulse from Priya Nigam

October 06, 2023 | 4:23 pm

PKE

Park Aerospace reported its Q2 financial results, which led to a decrease in its share prices.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 4:21 pm

BILL

CRM

CRWD

CYBR

DDOG

FTNT

HUBS

INTU

MDB

NET

NOW

OKTA

PANW

PLTR

SNOW

SNPS

TEAM

WDAY

Software stocks are trading higher as the market rebounds from a fall caused by a rise in Treasury yields following September jobs data. The yields have since pulled back from their earlier highs.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 4:17 pm

AUVI

Applied UV has announced that its new product, the Airocide Pro+ air purification system for food preservation, will be showcased at the Global Produce & Floral Show. This news has led to an increase in the company's stock trading.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 4:16 pm

AZO

ORLY

Oppenheimer analyst Brian Nagel has downgraded the ratings for O'Reilly Automotive (ORLY) and AutoZone (AZO) from Outperform to Perform, while also lowering the price targets for both companies. Nagel believes that the COVID-19 pandemic-related tailwinds for auto part retail could continue to fade, lowering prospects of sales and EPS upside. He also noted that ongoing and potentially intensifying labor strikes will impact auto production at leading manufacturers.

Portfolio Pulse from Priya Nigam

October 06, 2023 | 4:14 pm

MDB

SHG

Shinhan Financial Group's shares are trading higher following Tigress Financial's reiteration of MongoDB with a Buy rating and an increased price target from $490 to $495.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 4:13 pm