Streetbeat News

Stock Prices

LBPH

Guggenheim analyst Yatin Suneja has reaffirmed a Buy rating on Longboard Pharmaceuticals (NASDAQ:LBPH) and increased the price target from $16 to $32, potentially indicating a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 5:04 pm

SEIUSD

SOLUSD

Memecoin SEI has seen a significant rally, with a 58.6% increase in the past week and a 195% gain over the month. The Sei Network, which launched SEI in August, now has a market cap of $1.7 billion. SEI is designed for trading applications and has backing from crypto venture capitalists. Open Interest for SEI has surged, and its total value locked has also increased. Analysts are optimistic about SEI's future, comparing its potential to Solana's ecosystem, which saw massive gains in 2023. Enthusiasts are encouraging participation in the Sei ecosystem.

Portfolio Pulse from Khyathi Dalal

January 02, 2024 | 5:03 pm

AAPL

BA

CRM

CVX

DIA

INTC

MSFT

WBA

The Dow Jones Industrial Average (DJIA) saw a significant rise in 2023, with technology stocks leading the gains. Salesforce, Intel, Microsoft, Apple, and Boeing were the top five gainers, while Walgreens, Chevron, Johnson & Johnson, 3M, and Coca-Cola were the biggest losers. The DJIA ETF (DIA) also experienced a strong year. Microsoft's investment in OpenAI and Apple's new iPhone release were notable events. The DJIA's performance, however, lagged behind the S&P 500 and Nasdaq 100, with the 'Magnificent 7' tech stocks driving much of the market's gains.

Portfolio Pulse from Chris Katje

January 02, 2024 | 5:02 pm

SQM

Scotiabank analyst Ben Isaacson has maintained a 'Sector Outperform' rating on Sociedad Quimica Y Minera (SQM) and increased the price target from $72 to $80. This suggests a positive outlook on the company's stock performance.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 5:02 pm

ACON

Aclarion, Inc. (NASDAQ: ACON) has announced a 1-for-16 reverse stock split effective before market open on January 4, 2024. The move aims to comply with Nasdaq's Minimum Bid Price Rule by increasing the per share price above $1.00. Stockholders approved the amendment on March 24, 2023, and the Delaware Secretary of State recorded the change on January 3, 2024. The reverse stock split will reduce the number of outstanding shares from approximately 13.4 million to 840,000. No fractional shares will be issued; holdings of less than 16 shares will be rounded up to one whole share. The split will also proportionately adjust the terms of outstanding warrants, stock options, and restricted stock units. New CUSIP number 655187201 will be assigned, and shareholders will receive instructions from Vstock Transfer for exchanging shares.

Portfolio Pulse from Benzinga Newsdesk

January 02, 2024 | 5:02 pm

GLBE

Global E Online (NASDAQ:GLBE) has received mixed analyst ratings over the last three months, with a total of 5 bullish, 7 somewhat bullish, and 1 indifferent rating. The average 12-month price target is now $43.38, down from $46.89. Analysts from firms including Piper Sandler, JMP Securities, Needham, Goldman Sachs, UBS, Benchmark, Morgan Stanley, Keybanc, and Raymond James have adjusted their price targets and ratings, with several maintaining their positive outlook but lowering their price targets. Global E Online provides cross-border e-commerce solutions and has shown a revenue growth rate of 26.57% as of September 30, 2023, but struggles with profitability and efficiency, as indicated by its net margin and ROE/ROA figures.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 5:00 pm

BALL

B of A Securities has downgraded Ball Corporation (NYSE:BALL) from a previous rating to Underperform, with a new price target of $59.00, down from $61.00. Ball's shares are currently trading at $57.11, down 0.71% over the last 24 hours. The new price target suggests a potential upside of 3.31% from the current share price. Ball is a leading metal can manufacturer with significant market share and reported $15.3 billion in revenue for 2022.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 5:00 pm

LEA

Benchmark has reaffirmed its Buy rating on Lear Corporation (NYSE:LEA) and increased its price target from $188.00 to $200.00. Lear's stock has risen 0.81% in the last 24 hours to $142.35. The new price target suggests a potential upside of 40.49% from the current price. Lear is a leading automotive seating and electrical systems manufacturer, with GM and North America being its largest customer and market, respectively.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 5:00 pm

CCBG

DA Davidson has maintained a Neutral rating for Capital City Bank Group (NASDAQ:CCBG) but lowered its price target from $34.00 to $32.50. Capital City Bank Group's shares are currently trading at $29.45, and the new price target suggests a potential upside of 10.36%. The company operates in the banking sector, providing a range of services in Florida, Georgia, and Alabama.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 5:00 pm

CUBE

Jefferies has upgraded its rating of CubeSmart (NYSE:CUBE) to Buy and increased the price target from $38.00 to $53.00. CubeSmart's shares have risen 2.07% in the last 24 hours to $47.31. The new price target suggests a potential upside of 12.03%. CubeSmart is a REIT focusing on self-storage facilities, with a significant presence in Florida, Texas, California, New York, and Illinois, deriving most revenue from rental income.

Portfolio Pulse from Benzinga Insights

January 02, 2024 | 5:00 pm