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COIN

Coinbase Global's stock is trading higher after B of A Securities maintained an Underperform rating but raised its price target from $92 to $110.

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 6:13 pm

ITA

PPA

Stifel analyst Bert W. Subin lowered Boeing's price target to $260 from $270 but maintained a Buy rating, citing lower deliveries but highlighting strong orders and potential for future growth. Boeing delivered 83 aircraft this quarter, down from 130 year-ago, with 29 in March. Orders included 98 MAXs, 29 for 777s, and 4 for 787s. Subin expects build rate improvement and FCF growth in 2025+. BA stock has lost over 17% in the past year, impacting ETFs like ITA and PPA.

Portfolio Pulse from Lekha Gupta

April 10, 2024 | 6:10 pm

ARM

GOOG

GOOGL

BofA Securities analyst Justin Post reiterated a Buy rating on Alphabet Inc. (GOOG, GOOGL) with a price forecast of $173, highlighting the company's advancements in hardware, AI capabilities through Gemini integration, and strategic partnerships. The new custom Axion AI chip, developed in partnership with Arm Holdings Plc (ARM), is expected to enhance performance and energy efficiency. Google's Cloud Next event showcased AI-driven applications and tools, including Google Vids and AI Meetings & Messaging add-on, which are anticipated to contribute to higher revenue growth and increasing cloud margins. Alphabet's leadership in AI technology is seen as a key driver for its long-term position in search, YouTube, and cloud businesses.

Portfolio Pulse from Nabaparna Bhattacharya

April 10, 2024 | 6:08 pm

ADIL

ASTI

MRIN

VIAO

VLD

Ascent Solar Technologies, Inc. (ASTI) shares fell by 50% after announcing a $6 million public offering at $0.14 per share. Other stocks experienced significant movements, with Marin Software (MRIN) and Adial Pharmaceuticals (ADIL) among the top gainers, while VIA optronics (VIAO) and Velo3D, Inc. (VLD) led the losers.

Portfolio Pulse from Avi Kapoor

April 10, 2024 | 6:07 pm

AJG

BCUS

GDIV

Truist Securities analyst Mark Hughes downgraded Arthur J. Gallagher & Co. (AJG) to Hold from Buy and lowered the price target to $255 from $280, citing industry data indicating a potential sharp downshift in the P&C cycle. This is expected to impact organic growth negatively. Hughes also adjusted EPS estimates downwards based on these projections. Investors can gain exposure to AJG through BCUS and GDIV ETFs. AJG shares fell 1.6% to $240.22.

Portfolio Pulse from Lekha Gupta

April 10, 2024 | 6:04 pm

DAX

EWI

EWN

EWP

EWQ

FEZ

VGK

Portfolio Pulse from Benzinga Newsdesk

April 10, 2024 | 6:04 pm

MUR

Murphy Oil (NYSE:MUR) has received mixed analyst ratings over the past three months, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target for MUR has slightly decreased to $51.43 from $51.67. Analysts from firms like Barclays, Truist Securities, JP Morgan, Mizuho, Piper Sandler, and UBS have updated their ratings and price targets, reflecting various adjustments based on Murphy Oil's performance and market conditions. Despite these updates, Murphy Oil faces challenges such as a -14.59% decline in revenue growth, below-average net margin, ROE, and ROA, indicating potential difficulties in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 6:01 pm

HTGC

Hercules Capital (NYSE:HTGC) received mixed analyst ratings, with a recent shift towards a more bullish outlook. Six analysts provided ratings, with an average 12-month price target of $18.92, indicating a 4.53% increase from the previous target. The company's financial performance shows positive trends, with significant revenue growth, high net margin, and efficient asset and equity management. Hercules Capital specializes in senior secured loans to high-growth, venture-backed companies in technology and life sciences sectors.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 6:00 pm

DECK

Deckers Outdoor (NYSE:DECK) has significantly outperformed the market with an average annual return of 27.55% over the past 15 years, turning a $1000 investment into $40,434.23 today. The company now has a market capitalization of $20.52 billion.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 6:00 pm

MCO

Moody's (NYSE:MCO) has delivered an average annual return of 15.17% over the past 5 years, outperforming the market by 3.12% annually. With a current market capitalization of $71.22 billion, a $1000 investment in MCO 5 years ago would be worth $2,040.75 today.

Portfolio Pulse from Benzinga Insights

April 10, 2024 | 6:00 pm