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COUR

DUOL

Goldman Sachs analyst Eric Sheridan downgraded shares of Duolingo Inc (DUOL) and Coursera Inc (COUR), citing risks from generative AI disruption in the EdTech sector. Sheridan sees traditional EdTech offerings being challenged by free, centralized content access. Duolingo's rating was lowered from Neutral to Sell with a price target of $160, and Coursera was downgraded from Neutral to Sell with a price target reduced from $18 to $14. Adjusted EBITDA margin and revenue estimates for both companies were also reduced. Shares of DUOL and COUR fell by 4.491% and 11.3%, respectively.

Portfolio Pulse from Lekha Gupta

January 19, 2024 | 5:54 pm

KSPI

Kaspi Kz Jsc ADS, represented by the ticker KSPI, has commenced trading on the US stock market.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:44 pm

AZN

AstraZeneca Plc (NASDAQ:AZN) announced positive results from the EMERALD-1 Phase 3 trial of Imfinzi in combination with TACE and bevacizumab for unresectable hepatocellular carcinoma (HCC). The trial showed a significant improvement in progression-free survival (PFS) compared to TACE alone. The data will be presented at the American Society of Clinical Oncology Gastrointestinal Cancers Symposium. The safety profile was consistent with the known profiles of the medicines. AZN shares saw a slight increase of 0.06% to $66.56.

Portfolio Pulse from Vandana Singh

January 19, 2024 | 5:41 pm

ABL

ACGL

CINF

FGF

HUIZ

ICCH

KMPR

MHLD

RELI

SKWD

THG

TIRX

In Friday's intraday session, insurance stocks saw movement with Reliance Global Group, Kemper, Hanover Insurance Gr, Arch Capital Group, Cincinnati Financial, and Abacus Life experiencing gains, while Huize Holding, Tian Ruixiang Holdings, FG Finl Gr, Maiden Hldgs, Skyward Specialty, and ICC Holdings faced losses. The changes in stock prices were accompanied by trading volumes that were in line with their respective average full-day volumes over the last 100 days.

Portfolio Pulse from Benzinga Insights

January 19, 2024 | 5:40 pm

VFC

VF Corp (NYSE:VFC) experienced a cyberattack resulting in the theft of personal data of approximately 35.5 million consumers. The company confirmed that no social security numbers, bank account, or payment card information was compromised. VF Corp has largely restored its IT systems since the initial report on Dec. 13, 2023, and continues to address minor operational impacts. Retail stores, e-commerce sites, and distribution centers are operating with minimal issues. VF Corp's stock (VFC) saw a slight increase of 0.75% to $15.44.

Portfolio Pulse from Lekha Gupta

January 19, 2024 | 5:39 pm

GOOGL

Scientists from Google's DeepMind are reportedly in discussions to depart and establish their own AI startup. This news could indicate potential shifts in Google's AI leadership and strategy, and may impact investor sentiment regarding Google's future in AI innovation.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:38 pm

LRCX

Lam Research's stock (LRCX) is trading higher following an increase in price target from $725 to $850 by Raymond James.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:38 pm

MULN

Mullen Automotive has confirmed that no new warrants have been issued and no existing warrants have been exercised since the reverse stock split on December 21, 2023.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:38 pm

Micron Technology's stock (MU) is trading higher following an upgrade from Raymond James, which increased its price target from $90 to $100 and reaffirmed an Outperform rating.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:37 pm

MRVL

Marvell Technology's stock price is trading higher following an increase in the price target by Raymond James.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 5:35 pm