Streetbeat News

Stock Prices

YELP

Goldman Sachs has upgraded Yelp Inc's (NYSE:YELP) stock from Neutral to Buy, raising the price target from $38 to $47. This follows a proprietary study of the advertising industry suggesting that Yelp could generate mid to high single-digit revenue growth from 2024 to 2027. Yelp's revenues could also be boosted by recent investments in its ad tech stack and the scaling of newer initiatives. Yelp shares were up 10.54% to $42.15 at the time of publishing.

Portfolio Pulse from Priya Nigam

July 17, 2023 | 3:33 pm

ON

A significant bearish stance has been taken on ON Semiconductor (NASDAQ:ON) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $75.0 to $120.0 for ON Semiconductor over the last 3 months. Benchmark has downgraded its action to Buy with a price target of $110, while Keybanc maintains their Overweight rating with a price target of $110.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 3:31 pm

TTD

A significant investor has taken a bullish stance on Trade Desk (NASDAQ:TTD), with 60% of recent trades being bullish and 40% bearish. The trades include 6 puts totaling $444,083 and 4 calls totaling $167,610. The targeted price range for Trade Desk over the last 3 months is $80.0 to $130.0. The current price of TTD is up 1.88% at $89.66. Needham has downgraded its action to Buy with a price target of $80.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 3:31 pm

GM

A significant investor has taken a bearish stance on General Motors (NYSE:GM), with 66% of recent trades being bearish. The targeted price range for GM over the last 3 months is $20.0 to $41.0. The current price of GM is down -3.22% at $38.71. Analysts from Citigroup, Jefferies, Morgan Stanley, Wells Fargo, and Barclays have maintained their ratings on GM, with price targets ranging from $32 to $89.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 3:31 pm

ITW

Illinois Tool Works (NYSE:ITW) has outperformed the market over the past 10 years, producing an average annual return of 13.33%. If an investor had bought $1000 of ITW stock 10 years ago, it would be worth $3,395.55 today.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 3:30 pm

KSCP

Knightscope's stock is trading lower following a short report issued by Capybara Research.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 3:30 pm

ORCL

Oracle (NYSE:ORCL) has outperformed the market over the past 10 years, producing an average annual return of 14.05%. If an investor had bought $100 of ORCL stock 10 years ago, it would be worth $374.68 today. The company currently has a market capitalization of $324.11 billion.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 3:30 pm

AMD

Advanced Micro Devices (AMD) has seen a sweep of 341 options for $120 calls expiring on Friday, near the ask price of $1.308. This is compared to an open interest of 35,310. AMD is expected to announce earnings on August 1st after market close. The reference price is $116.69.

Portfolio Pulse from Charles Gross

July 17, 2023 | 3:30 pm

DUO

Fangdd Network has announced an $8 million registered direct offering of 11,428,565 shares at a purchase price of $0.70 per share. This has led to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 3:30 pm

PWM

Prestige Wealth, Inc. (NASDAQ:PWM) shares have surged more than 240% since its initial public offering (IPO) on July 6. The company plans to use the IPO proceeds for brand promotion, product and service expansion, client relationship management, and general working capital. The stock resumed normal trading after being halted and is now trading more than 45% higher.

Portfolio Pulse from Erica Kollmann

July 17, 2023 | 3:28 pm