Streetbeat News

Stock Prices

PSA

Wells Fargo analyst Eric Luebchow upgraded Public Storage (NYSE:PSA) from Equal-Weight to Overweight and increased the price target from $280 to $310.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:06 pm

BTCUSD

ETHUSD

The Bitcoin-Ether ratio has reached its highest level since April 2021, indicating a stronger demand for Bitcoin over Ether. This surge could signal caution in the crypto market, with potential implications for broader financial markets. Bitcoin's recent price drop and the cooling demand for ETFs, along with mixed signals from analysts and market indicators, suggest a complex outlook for cryptocurrencies.

Portfolio Pulse from Benzinga Neuro

April 05, 2024 | 1:04 pm

ATUS

Wells Fargo analyst Steven Cahall downgraded Altice USA (NYSE:ATUS) from Equal-Weight to Underweight and reduced the price target from $2 to $1, indicating a bearish outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:04 pm

BIDU

GOOG

GOOGL

INTC

LPSN

MET

MSFT

NVDA

ORCL

QCOM

Saudi Arabia is advancing its position in the artificial intelligence (AI) sector by establishing a megafund and making direct investments in AI companies. This strategic move aims to diversify the kingdom's economy and enhance its technological capabilities. The initiative could potentially involve partnerships or investments in major US-listed companies known for their AI advancements, such as Baidu (BIDU), Alphabet (GOOG, GOOGL), Intel (INTC), LivePerson (LPSN), MetLife (MET), Microsoft (MSFT), NVIDIA (NVDA), Oracle (ORCL), and Qualcomm (QCOM).

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:04 pm

EVGO

RBC Capital analyst Chris Dendrinos reiterated an Outperform rating on EVgo (NASDAQ:EVGO) and maintained a $4 price target.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:02 pm

EGIO

Edgio, Inc. (NASDAQ:EGIO) received a notice from Nasdaq for not complying with Listing Rule 5250(c)(1) due to the delay in filing its 2023 Annual Report. The delay was caused by the resignation of its independent accounting firm and the time needed to engage a new one. Edgio has 60 days to submit a compliance plan and may get up to 180 days to file the report and regain compliance.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:02 pm

CNK

Wells Fargo analyst Steven Cahall upgraded Cinemark Holdings (CNK) from Underweight to Overweight and increased the price target from $13 to $23.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 1:01 pm

BRETT

SHIBUSD

A cryptocurrency trader, Crash, turned a $15K investment in meme coin Brett (BRETT) into $5.4M, aiming for $50M. Brett, described as this bull run's SHIB, saw its market cap soar from $1.6M to over $600M. Despite criticism, Crash remains confident, predicting BRETT could reach $1-$8. The growth of meme coins like BRETT, and their impact on the crypto market, continues to draw attention.

Portfolio Pulse from Ivan Crnogatić

April 05, 2024 | 1:01 pm

GOOG

GOOGL

META

MSFT

ORCL

Dan Ives of Wedbush predicts a 15% rally in tech stocks in 2024, driven by AI advancements and increased ad spending. Alphabet Inc. (GOOG, GOOGL) is highlighted for potential revenue boosts from digital advertising and cloud services. Oracle Corp. (ORCL) is noted for its AI 'hypergrowth,' and Microsoft Corp. (MSFT) and Meta Platforms Inc. (META) are also favored for their AI and cloud capabilities. Ives remains optimistic despite Google's AI chatbot challenges, expecting significant upside for Google and overall tech sector growth.

Portfolio Pulse from Rounak Jain

April 05, 2024 | 1:01 pm

MPC

Marathon Petroleum (NYSE:MPC) has seen varied analyst opinions over the past three months, with recent updates showing a bullish trend. Analysts have raised their price targets, reflecting a positive outlook with an average 12-month target of $204.7, a 16.77% increase from the previous average. Despite a -8.94% decline in revenue growth as of December 31, 2023, the company's financial health appears strong, with a notable net margin of 4.0% and an ROE of 5.77%. The company's market capitalization is above the industry average, indicating investor confidence.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 1:01 pm