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Prophetic, a new startup, is developing an AI-powered headband named Halo, which is claimed to help control and stabilize lucid dreams using a 'closed-loop neurostimulation system'. The headband, priced at $2000, is currently open for beta tester registrations with a $100 deposit. The technology uses ultrasound, 3D spatial pulse controls, fMRI training data, and EEG sensors. Prophetic has received 2,926 registrations for beta testing. The relevance of this development is highlighted by the increasing focus on AI by companies like Microsoft (MSFT) and Intel (INTC), with Microsoft backing OpenAI and Intel betting on AI's potential.

Portfolio Pulse from Rounak Jain

January 31, 2024 | 12:31 pm

TSVT

Leerink Partners analyst Daina Graybosch has upgraded 2seventy bio (NASDAQ:TSVT) from Market Perform to Outperform and increased the price target from $5 to $18, indicating a positive outlook on the company's performance.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 12:29 pm

RKLB

SPIR

Rocket Lab USA, Inc. (RKLB) shares are trading lower in the premarket session despite the successful launch of its first Electron mission for 2024, which included a space-junk-focused mission for Spire Global, Inc. (SPIR) and NorthStar Earth & Space. The mission also marked a step towards reusability by returning the Electron rocket's first stage post-launch. CEO Peter Beck highlighted the mission's success and the company's record number of missions booked for 2024. Earlier in the month, Rocket Lab secured a $515 million contract with the Space Development Agency for 18 satellites, contributing to a backlog of over 40 satellites in development and production.

Portfolio Pulse from Nabaparna Bhattacharya

January 31, 2024 | 12:29 pm

AMD

CALX

FBIN

GOOGL

MBUU

MSFT

PNR

SBUX

SOFI

SYY

Wall Street analysts have updated their price targets and ratings for several US-listed companies. Barclays raised Microsoft's price target to $475 with an Overweight rating. Citigroup increased AMD's target to $192, maintaining a Buy rating. Redburn Atlantic set Alphabet's target at $165 with a Buy rating. Barclays lowered Starbucks' target to $112 but kept an Overweight rating. Needham reduced Calix's target to $50, still rating it a Buy. Morgan Stanley downgraded SoFi Technologies to Underweight, cutting the target to $6.5. BMO Capital downgraded Fortune Brands Innovations to Market Perform, raising the target to $82. Stephens & Co. upped Sysco's target to $90 with an Overweight rating. Keybanc decreased Malibu Boats' target to $50 but maintained an Overweight rating. Lastly, Barclays increased Pentair's target to $83, also with an Overweight rating.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 12:22 pm

EXTR

Extreme Networks provided a Q4 revenue forecast of $265M-$275M, which falls significantly short of the estimated $355.32M expected by analysts.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 12:15 pm

EXTR

Extreme Networks provided a Q3 revenue forecast of $200M-$210M, significantly below the estimated $321.305M. The company also expects an adjusted EPS of $(0.22)-$(0.17), which is lower than the estimated $0.28.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 12:13 pm

EXTR

Extreme Networks (NASDAQ:EXTR) reported Q2 adjusted EPS of $0.24, missing the consensus estimate of $0.25 by 4%. Year-over-year, this represents an 11.11% decrease from $0.27 per share. However, sales of $296.40M exceeded estimates by 0.27%, despite being a 6.89% decrease from the previous year's $318.35M.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 12:07 pm

ALTM

HGAS

INHD

PLL

The article lists the top 5 oversold materials stocks with potential for growth in Q1, based on their low Relative Strength Index (RSI) values. DuPont de Nemours, Inc. (DD), Piedmont Lithium Inc. (PLL), Arcadium Lithium plc (ALTM), Global Gas Corporation (HGAS), and Inno Holdings Inc. (INHD) are identified as major oversold players in the sector, with RSI values near or below 30, indicating they may be undervalued. Recent company-specific news and stock performance are also provided for each company.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 12:07 pm

TTGT

UBS analyst Kunal Madhukar has upgraded TechTarget (NASDAQ:TTGT) from Neutral to Buy and increased the price target from $31 to $45, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 12:05 pm

ODFL

Old Dominion Freight Line (ODFL) reported Q4 earnings of $2.94 per share, surpassing the consensus estimate of $2.85, marking a 0.68% year-over-year increase. However, their quarterly sales of $1.50B slightly missed the estimate by 0.27%, though it's a 0.27% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 12:03 pm