Streetbeat News

Stock Prices

RAMP

Craig-Hallum analyst Jason Kreyer has maintained a Buy rating on LiveRamp Holdings (NYSE:RAMP) and increased the price target from $42 to $50.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:50 pm

AFRM

FIS

HOOD

MA

PYPL

SQ

V

Mizuho analyst Dan Dolev has highlighted Affirm Holdings (AFRM), Fidelity National Information Services (FIS), Robinhood Markets (HOOD), and Block (SQ) as top FinTech stocks for 2024, promising growth for average Americans. Dolev emphasizes AFRM's expansion beyond 'Buy Now Pay Later' into a broader payment network, competing with Visa (V), Mastercard (MA), and PayPal (PYPL). He projects higher than consensus FY24 revenues for AFRM, FIS, and HOOD, and a 16%+ gross profit growth for Block. AFRM shares recently dropped by 2.27%.

Portfolio Pulse from Anusuya Lahiri

January 18, 2024 | 7:44 pm

SHAK

Shake Shack has increased the prices of its white-label delivery menu by 5%, as reported by Reuters. This move could be a response to rising operational costs or an effort to improve margins on delivery orders.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:43 pm

EL

JP Morgan analyst Andrea Teixeira has maintained an Overweight rating on Estee Lauder Cos (NYSE:EL) and increased the price target from $118 to $150, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:37 pm

MSFT

NTDOY

SONY

Microsoft CEO Satya Nadella is optimistic about the Activision acquisition, seeing it as an opportunity for Microsoft to become a 'good publisher' on multiple platforms, including Sony and Nintendo consoles. The deal enhances Microsoft's gaming portfolio with major franchises and supports its cross-platform strategy. Nadella's comments suggest a focus on broad distribution, including potential releases of some Xbox exclusives on rival consoles after initial exclusivity periods.

Portfolio Pulse from Franca Quarneti

January 18, 2024 | 7:37 pm

PCAR

JP Morgan analyst Tami Zakaria has maintained an Overweight rating on PACCAR (NASDAQ:PCAR) and increased the price target from $107 to $113.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:36 pm

COIN

The SEC approved 11 spot Bitcoin ETFs, which are expected to attract new investors to Bitcoin. Coinbase (NASDAQ:COIN) is the custodian for 10 out of the 13 Bitcoin ETF applications, playing a crucial role in their operation. Coinbase's reputation for security and low transaction fees makes it a trusted custodian for these ETFs. The approval of Bitcoin ETFs could lead to further spot ETFs for other cryptocurrencies, potentially expanding Coinbase's custodial role.

Portfolio Pulse from Caden Pok

January 18, 2024 | 7:35 pm

EA

Stifel analyst Drew E. Crum has reiterated a Buy rating on Electronic Arts Inc (NASDAQ:EA), raising the price target from $152 to $155 ahead of EA's Q3 earnings report on January 30th. The analyst expects non-GAAP EPS of $2.83 on net bookings of $2.332 billion, with growth in Live Services ex-mobile and favorable gross margins, but anticipates higher operating expenses. No significant changes to FY2024 guidance are expected, and the company's stable performance, development pipeline, cash flow, and valuations support the Buy rating. EA shares rose 0.81% to $137.72.

Portfolio Pulse from Nabaparna Bhattacharya

January 18, 2024 | 7:35 pm

ELF

JP Morgan analyst Andrea Teixeira has maintained an Overweight rating on e.l.f. Beauty (NYSE:ELF) and increased the price target from $130 to $175, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:31 pm

CL

JP Morgan analyst Andrea Teixeira maintains an Overweight rating on Colgate-Palmolive (NYSE:CL) and has increased the price target from $88 to $90.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 7:30 pm