Streetbeat News

Stock Prices

META

Goldman Sachs analyst Eric Sheridan has maintained a Buy rating on Meta Platforms (NASDAQ:META) and increased the price target from $414 to $500.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:27 pm

EVBG

Everbridge Inc (NASDAQ:EVBG) shares surged after announcing an acquisition agreement with Thoma Bravo, valuing the company at approximately $1.5 billion. Shareholders will receive $28.60 per share in cash, and Everbridge will become privately held post-transaction. The deal, expected to close in Q2 2024, includes a 25-day 'go-shop' period allowing Everbridge to consider alternative proposals.

Portfolio Pulse from Adam Eckert

February 05, 2024 | 2:25 pm

EVBG

Everbridge shares surged following the announcement of its acquisition by Thoma Bravo for $1.5 billion.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:23 pm

FDMT

4D Molecular Therapeutics' stock is trading higher following the announcement of positive interim data from the Phase 2 PRISM clinical trial for 4D-150 in treating wet AMD patients with severe disease activity and a high treatment burden.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:22 pm

AAPL

AI

AMD

BABA

LLY

MCD

META

NVDA

PLTR

TSLA

The top 10 trending stocks on WallStreetBets as of February 5, 2024, include NVDA, LLY, TSLA, AI, PLTR, AAPL, META, AMD, MCD, and BABA, according to data from Swaggy Stocks.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:15 pm

ELAN

Elanco Animal Health's stock is trading higher following the announcement of its aqua business sale to Merck Animal Health for $1.3 billion.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:15 pm

CTLT

Catalent shares are trading higher following the announcement that it will be acquired by Novo Holdings.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:12 pm

SGD

Safe and Green Development Corporation (NASDAQ:SGD) has agreed to sell its St Mary's property to Pigmental Studios for $1.35 million. The sale is part of SGD's strategy to monetize its real estate holdings, demonstrating the increased value of its properties. The transaction, expected to close by April 1st, 2024, will strengthen SGD's balance sheet and support its ongoing and future projects.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 2:10 pm

PLTR

Palantir Technologies Inc (NYSE:PLTR) shares are trading higher in anticipation of its Q4 results, expected to report earnings of 8 cents per share on $602.41 million revenue. The company has previously beaten estimates and raised its full-year 2023 revenue guidance. Shares are up 105% over the last year, with interest in its AI positioning. Palantir does not pay dividends but may engage in buyback programs.

Portfolio Pulse from Adam Eckert

February 05, 2024 | 2:10 pm

META

Meta Platforms Inc (NASDAQ:META) announced its first-ever dividend of 50 cents per share and a $50 billion share buyback program, following a 25% revenue increase to $40.1 billion in Q4 2023. The company's stock surged 15% after exceeding earnings expectations, marking a significant recovery with a 439% increase since November 2022. This turnaround is attributed to Meta's focus on AI integration and plans for further AI investments in 2024.

Portfolio Pulse from Zaheer Anwari

February 05, 2024 | 2:10 pm