Streetbeat News

Stock Prices

ARDX

Ardelyx, Inc. (NASDAQ:ARDX) stock is rising after Raymond James increased its price target from $12 to $15 and maintained a Strong Buy rating. The boost follows Ardelyx's strategic update and 2024 outlook, where the company projected peak sales of its IBS treatment Ibsrela to surpass $1 billion before 2033. Ardelyx anticipates 2024 U.S. net sales for Ibsrela to be between $140 million and $150 million, aiming for over ten percent market share at peak. The stock is experiencing high trading volume and social media attention, with over 14.1 million shares traded versus a 100-day average of 6.92 million shares. At the time of publication, ARDX shares have increased by 9.44% to $8.95.

Portfolio Pulse from Erica Kollmann

January 09, 2024 | 7:52 pm

ABG

AN

RACE

BofA Securities analyst John Murphy selected Ferrari NV (RACE), Asbury Automotive Group Inc (ABG), and AutoNation Inc (AN) as top picks for 2024, citing luxury status, strong free cash flow, and a favorable position in the auto industry. The industry is expected to benefit from volume recovery and a new cycle in North America. Ferrari is praised for its brand value and luxury status, Asbury for its improved business structure and acquisition strategy, and AutoNation for its ability to maintain strong SG&A leverage. Key auto industry themes for 2024 include North American volume growth, EV market dichotomy, the impact of the U.S. election on clean vehicle transition, benefits from lower raw materials and transportation costs, and solid auto credit market despite rising delinquencies.

Portfolio Pulse from Shivani Kumaresan

January 09, 2024 | 7:50 pm

BTCUSD

ETHUSD

Crypto trader Capo predicts a short-term rally in Bitcoin and Ethereum prices if a spot Bitcoin ETF is approved, followed by a 'massive correction.' Capo suggests that Bitcoin could reach $48,000-$50,000 and Ethereum could hit $2,500-$2,600 before he would start opening swing short positions. His bearish outlook is based on strong whale interest at these levels and the potential for news-driven volatility leading to temporary spikes and sharp drops.

Portfolio Pulse from Murtuza Merchant

January 09, 2024 | 7:46 pm

AEVA

Aeva Technologies Inc has filed a prospectus with the SEC, which pertains to the potential sale of 51.8 million shares of common stock by selling stockholders. The sales may occur from time to time, as per the filing.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 7:45 pm

MBLY

Mobileye Global Inc. (NASDAQ:MBLY) shares rose after the company introduced DXP, an operating system to help automakers develop custom self-driving systems. The software allows for customization on top of universal components. Mobileye is also expanding its relationship with Mahindra & Mahindra Ltd. to introduce solutions based on Mobileye's EyeQ 6 systems-on-chip and software, aiming to build a full-stack autonomous driving system. Shares of MBLY increased by 3.15% to $32.42.

Portfolio Pulse from Nabaparna Bhattacharya

January 09, 2024 | 7:44 pm

LULU

Truist Securities analyst Scot Ciccarelli has reaffirmed a Buy rating on Lululemon Athletica (NASDAQ:LULU) and increased the price target from $555 to $561.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 7:38 pm

WBD

Warner Bros Discovery Inc's (NASDAQ:WBD) 'Hogwarts Legacy' has sold 22 million copies in 2023, potentially becoming the best-selling game of the year. The game's success is notable as it may be the first time since 2009 that neither a Call of Duty nor a Rockstar game has topped the annual sales chart. Warner Bros. Interactive Entertainment is exploring further Harry Potter-themed projects, including a Quidditch game.

Portfolio Pulse from Franca Quarneti

January 09, 2024 | 7:37 pm

SIX

Truist Securities analyst Michael Swartz has maintained a Hold rating on Six Flags Entertainment (NYSE:SIX) and increased the price target from $23 to $24.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 7:27 pm

SEAS

Truist Securities analyst Michael Swartz has maintained a Buy rating on SeaWorld Entertainment (NYSE:SEAS) and increased the price target from $58 to $60.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 7:25 pm

ONEW

Truist Securities analyst Michael Swartz has reaffirmed a Buy rating on OneWater Marine (NASDAQ:ONEW) and increased the price target from $30 to $38, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 7:20 pm