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Stock Prices

DKNG

Stifel analyst Jeffrey Stantial has upgraded DraftKings (NASDAQ:DKNG) from Hold to Buy and increased the price target from $40 to $45, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 10:40 am

AMZN

ASTS

GOOG

GOOGL

IRBT

In Friday's pre-market session, iRobot Corporation (IRBT) shares plummeted after reports that the EU may reject Amazon's (AMZN) acquisition of the company. AST SpaceMobile (ASTS) shares also tumbled following a $100 million common stock offering and strategic investment news involving AT&T (T), Alphabet (GOOG, GOOGL), and Vodafone. Other stocks experiencing pre-market losses include MorphoSys (MOR), Absci Corporation (ABSI), Diversified Energy Company (DEC), XPeng Inc. (XPEV), Chegg (CHGG), and Arcutis Biotherapeutics (ARQT).

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 10:38 am

TXN

UBS analyst Timothy Arcuri has upgraded Texas Instruments (NASDAQ:TXN) from Neutral to Buy and increased the price target from $170 to $195.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 10:34 am

AAPL

AMZN

GOOG

GOOGL

META

Meta Platforms Inc. (META) has eliminated the technical program manager role at Instagram, affecting 60 employees, and is considering similar cuts across other departments. This aligns with CEO Mark Zuckerberg's 'Year of Efficiency' focus. Other tech giants like Amazon (AMZN), Google (GOOG/GOOGL), and Apple (AAPL) have also initiated layoffs, with Amazon cutting 5% of its 'Buy with Prime' staff, Google laying off over 1,000 employees, and Apple planning to dissolve a 121-member AI team in San Diego.

Portfolio Pulse from Rounak Jain

January 19, 2024 | 10:11 am

ZIP

Goldman Sachs analyst Eric Sheridan has downgraded ZipRecruiter (NYSE:ZIP) from Buy to Neutral and set a new price target of $15. This change reflects a revised outlook on the company's stock by one of the leading financial institutions.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 10:03 am

DUOL

Goldman Sachs analyst Eric Sheridan has downgraded Duolingo (NASDAQ:DUOL) from Neutral to Sell, setting a price target of $160 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 10:02 am

COUR

Goldman Sachs analyst Eric Sheridan has downgraded Coursera (NYSE:COUR) from Neutral to Sell and reduced the price target from $18 to $14.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 9:54 am

CHGG

Goldman Sachs analyst Eric Sheridan has downgraded Chegg (NYSE:CHGG) from Neutral to Sell and reduced the price target from $10 to $8.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 9:52 am

SILK

Stifel analyst Rick Wise has upgraded Silk Road Medical (NASDAQ:SILK) from Hold to Buy and increased the price target from $9 to $20, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 9:49 am

TSM

Needham analyst Charles Shi maintains a Buy rating on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) and raises the price target from $115 to $133, suggesting an 18% upside. TSMC's stock surged nearly 10% on Thursday. Shi predicts TSMC will beat and raise expectations in an upcycle, with significant improvements expected in 2025. The transition to 3nm tech and the Arizona plant's potential early production are key factors. Shi is cautious about the end of the automotive inventory correction but expects TSMC's auto sector growth to support revenue independently.

Portfolio Pulse from Shanthi Rexaline

January 19, 2024 | 9:39 am