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DOCU

DocuSign shares have risen after a report indicated that Bain Capital and Hellman & Friedman are both interested in acquiring the company.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:15 pm

ABBNY

ABB Ltd (OTC:ABBNY) acquired Swiss start-up Sevensense, a provider of AI-enabled 3D vision navigation technology for robots. This acquisition aligns with ABB's focus on AI solutions for industries like logistics and manufacturing and follows their minority investment in Sevensense in 2021. The mobile robots market is expected to grow at a 20% CAGR through 2026. ABB plans to integrate Sevensense's technology into its AMR portfolio, enhancing speed, accuracy, and payload. Sevensense's team will remain in Zurich, and ABB will report Q4 FY23 earnings on February 1, 2024. ABBNY shares saw a slight increase of 0.46% to $42.90 on Friday.

Portfolio Pulse from Lekha Gupta

January 12, 2024 | 5:14 pm

LYV

Roth Capital Partners analyst Eric Handler upgraded Live Nation Entertainment Inc (NYSE:LYV) to Buy and raised the price target from $92 to $114, citing positive secular demand for live events. Handler expects above-trend growth for the company over the next several years, with revenue and AOI estimates for 2024 above consensus. He also mentioned that the DOJ investigation is likely to have minimal impact and resolve in 2024. Despite the positive outlook, LYV shares declined by 0.91% to $90.48 in early trading on Friday.

Portfolio Pulse from Priya Nigam

January 12, 2024 | 5:09 pm

CCJ

UEC

UROY

UUUU

Uranium stocks, including Cameco Corporation (CCJ) and Uranium Energy Corp. (UEC), are rising after Kazatomprom announced a likely production shortfall due to a sulphuric acid shortage, pushing uranium prices to a 15-year high. Energy Fuels Inc. (UUUU) and Uranium Royalty Corp. (UROY) also saw their shares increase. The demand for uranium is growing as countries seek renewable energy sources, and nuclear energy plans are being revived.

Portfolio Pulse from Erica Kollmann

January 12, 2024 | 5:09 pm

MRO

Benchmark analyst Subash Chandra has maintained a Buy rating on Marathon Oil (NYSE:MRO) but has reduced the price target from $28 to $25.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:06 pm

BTDR

CLSK

COIN

HIVE

HOOD

HUT

MARA

MSTR

RIOT

WULF

Shares of miners and crypto-related stocks are down following SEC approval of spot Bitcoin ETFs, indicating market volatility in the sector. This includes companies like Coinbase (COIN), Robinhood (HOOD), Riot Blockchain (RIOT), MicroStrategy (MSTR), Marathon Digital Holdings (MARA), Bitdeer Technologies Holding Company (BTDR), Cleanspark (CLSK), HIVE Blockchain Technologies (HIVE), Hut 8 Mining (HUT), and Wulf Blockchain (WULF).

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:05 pm

CHK

Benchmark analyst Subash Chandra has maintained a Buy rating on Chesapeake Energy (NASDAQ:CHK) but has reduced the price target from $107 to $93.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:05 pm

KRUS

Benchmark has reaffirmed its Buy rating on Kura Sushi USA (NASDAQ:KRUS) and increased its price target from $90.00 to $105.00. Despite the upgrade, KRUS shares have fallen 2.43% in the last 24 hours to $86.62. The new price target suggests a potential upside of 21.22%. Kura Sushi USA operates revolving sushi chain restaurants in the U.S. and earns its revenue domestically.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 5:01 pm

KRUS

Benchmark analyst Todd Brooks has reaffirmed a Buy rating on Kura Sushi USA (NASDAQ:KRUS) and increased the price target from $90 to $105, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 5:00 pm

Goldman Sachs has reaffirmed its Sell rating on Helmerich & Payne (NYSE:HP) and reduced its price target from $37.00 to $33.00. Despite this, HP shares have risen by 0.84% in the last 24 hours to $33.69. The new price target suggests a potential downside of 2.05%. Helmerich & Payne operates the largest fleet of U.S. land drilling rigs and is a significant player in U.S. shale plays.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 5:00 pm