Streetbeat News

Stock Prices

MSFT

Stifel analyst Brad Reback maintains a Buy rating on Microsoft (MSFT) and raises the price target from $455 to $475, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:47 am

HOUS

Barclays analyst Matthew Bouley has maintained an Underweight rating on Anywhere Real Estate (NYSE:HOUS), while lowering the price target from $5 to $4.5.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:45 am

SNAP

Snap Inc. shares surged following the announcement of its Q1 financial results, which exceeded expectations. The company also provided Q2 revenue guidance that surpassed estimates and reported a year-over-year growth in Q1 daily active users.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:44 am

KNX

Stifel analyst J. Bruce Chan downgraded Knight-Swift (NYSE:KNX) from Buy to Hold and reduced the price target from $53 to $47, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:44 am

ABBV

AbbVie's stock price increased following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company has uplifted its forecast for the FY24 adjusted EPS, surpassing previous estimates.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:43 am

AAPL

GOOG

MSFT

Jim Cramer criticized the media for focusing too much on Apple's challenges, such as antitrust issues and declining iPhone sales in China, while underreporting Alphabet's and Microsoft's strong quarterly earnings. Alphabet and Microsoft exceeded expectations, while Apple's iPhone sales in China fell by 19.1%, marking its worst performance since 2020. This comes as Wall Street looks forward to Apple's Q2 earnings, with a positive outlook despite recent struggles.

Portfolio Pulse from Benzinga Neuro

April 26, 2024 | 11:42 am

MDB

MSFT

SNOW

Microsoft Corp. (NASDAQ:MSFT) reported strong Q3 results, attributed to its Cloud business, with Azure's revenue up 23% year-over-year. Analyst Brent Bracelin highlighted Azure's performance, particularly in AI, as exceeding expectations and noted Snowflake, Inc. (NYSE:SNOW) and MongoDB, Inc. (NASDAQ:MDB) as companies to watch due to their indirect exposure to Azure's success. Following the report, MSFT, SNOW, and MDB stocks all saw premarket trading increases.

Portfolio Pulse from Shanthi Rexaline

April 26, 2024 | 11:41 am

ABBV

AbbVie (NYSE:ABBV) reported Q1 2024 adjusted EPS of $2.31, surpassing the $2.23 estimate, and sales of $12.310B, exceeding the $11.923B estimate. This represents a 6.1% decrease in EPS and a 0.70% increase in sales year-over-year.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:37 am

AUID

BHVN

BSVN

FEIM

Insiders at Biohaven, authID, Frequency Electronics, and Bank7 have made significant stock purchases, signaling confidence in their companies' prospects. Biohaven's director acquired shares worth nearly $1M, while insiders at authID, Frequency Electronics, and Bank7 also invested in their firms, coinciding with various corporate milestones such as share offerings and financial results.

Portfolio Pulse from Avi Kapoor

April 26, 2024 | 11:36 am

AMZN

Amazon.com shares are trading higher following strong earnings reports from large-cap tech companies, indicating a positive market sentiment towards tech stocks.

Portfolio Pulse from Benzinga Newsdesk

April 26, 2024 | 11:36 am