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Stock Prices

MU

Evercore ISI Group analyst C Muse has maintained an Outperform rating on Micron Technology (NASDAQ:MU) and increased the price target from $90 to $100.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 4:49 pm

GKOS

Glaukos Corp (NYSE:GKOS) shares rose after its iDose TR glaucoma treatment received FDA approval. JPMorgan analyst Allen Gong upgraded Glaukos to Overweight and increased the price target from $66 to $91, citing iDose as a key growth driver. Gong anticipates higher selling prices for iDose, benefits from the adoption of Infinite, and potential gains from iStent due to unfavorable LCDs for competitors. He expects a 'beat-and-raise' story in 2024, with positive estimate revisions for 2025 and beyond.

Portfolio Pulse from Priya Nigam

December 21, 2023 | 4:48 pm

AAPL

China is promoting the use of domestic devices over foreign ones, including Apple iPhones. Despite this, Apple Inc's stock (AAPL) remains strong, trading just 2.40% below its all-time high and having increased by 49% over the past year. The stock faces a psychological resistance at the $200 level, which it has struggled to maintain. The next critical support is at the daily 20 simple moving average of $293. After market close on December 20, AAPL closed at $194.83, down 1.05%.

Portfolio Pulse from Zaheer Anwari

December 21, 2023 | 4:47 pm

DAL

Benzinga's options scanner revealed significant options activity on Delta Air Lines (NYSE:DAL), with 9 option transactions totaling $529,386 and 6 puts valued at $580,380. The focus is on a price range of $35.0 to $46.0 for DAL, based on trading volumes and open interest over the last three months. The largest options trades were bearish and bullish puts with expiration dates ranging from February 2024 to April 2024. Delta Air Lines, a major airline based in Atlanta, has seen its stock price increase by 1.39% to $40.9, with a trading volume of 2,649,349. The RSI indicates the stock may be overbought, and an earnings announcement is expected in 22 days.

Portfolio Pulse from Benzinga Insights

December 21, 2023 | 4:46 pm

FROG

JFrog's stock (FROG) is trading higher following an upgrade by Morgan Stanley from Equal-Weight to Overweight, with a price target increase from $32 to $42.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 4:45 pm

GH

Guardant Health's stock is trading higher following the announcement of a $90.7 million registered direct offering. Baillie Gifford will purchase 3,387,446 shares of Guardant Health's common stock at $26.77 per share.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 4:44 pm

BTC

IREN

Iris Energy Limited (NASDAQ:IREN) stock is trading higher after announcing its 10 EH/s Bitcoin mining expansion is fully funded, following a successful equity raising program. The expansion is ahead of schedule, and the company has started installing 248 NVIDIA H100 GPUs at its Prince George site for the generative AI market. Bitcoin (CRYPTO:BTC) is rallying near 2-year highs, trading at $43,778.78. Iris Energy's trading volume has surged past its 100-day average, with shares up 30% at $7.18.

Portfolio Pulse from Erica Kollmann

December 21, 2023 | 4:43 pm

BB

BlackBerry's stock price fell following its Q3 financial results, which were accompanied by Q4 revenue guidance that did not meet expectations. Additionally, Baird and RBC Capital reduced their price targets for BlackBerry.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 4:37 pm

CRWD

NET

PANW

ZS

CrowdStrike Holdings Inc (CRWD) reported strong Q3 results with profitability gains. Rosenblatt Securities' Catharine Trebnick upgraded the price target from $245 to $315, citing the company's disruptive cloud-native platform and module adoption growth. Needham's Alex Henderson maintained a $325 price target, expecting continued market share gains and margin expansion into CY24 and CY25. CrowdStrike was added to Needham's Conviction List and named the Top Pick in Security for '24. Shares were slightly up at the time of publication. Cloudflare (NET), Zscaler (ZS), and Palo Alto Networks (PANW) were also mentioned as uniquely positioned companies.

Portfolio Pulse from Priya Nigam

December 21, 2023 | 4:35 pm

LDTC

PRSR

LeddarTech, an AI-based automotive software company, has completed its business combination with Prospector Capital Corp. and will start trading on Nasdaq under the ticker symbols 'LDTC' for common shares and 'LDTCW' for warrants. The company specializes in sensor fusion and perception software for ADAS and AD, aiming to enhance vehicle intelligence and reduce costs for OEMs and Tier 1s. With the automotive industry shifting towards software-defined vehicles, LeddarTech's market is expected to grow significantly. The company has raised $58.6 million in capital to support its technology's adoption and growth. Charles Boulanger, the retiring CEO, will be succeeded by Frantz Saintellemy, with Derek Aberle as the new Chairman of the Board.

Portfolio Pulse from Benzinga Newsdesk

December 21, 2023 | 4:33 pm