Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.
The Dow Jones Industrial Average made history on Friday by closing above the significant 40,000 mark for the first time, following a breakthrough in the previous trading session.
Major market indexes reached record highs for the fourth week in a row, fueled by inflation data and expectations for interest rate cuts. Meme stocks resurged, while Buffett bought Chubb and Dimon warned about fiscal deficit.
Oppenheimer analyst reiterated Outperform rating on Netflix with price target of $725. Netflix showcased robust content slate, ad partnerships, & upcoming ad platform launch. Ad revenue ramp may take time. Other analysts maintained Neutral/Sell ratings.
Take-Two Interactive Software posted strong FY4Q results, with a FY2025 net bookings outlook of $5.55-$5.65 billion. Stifel's Drew Crum noted the anticipation around GTA VI's fall 2025 launch, despite some frustration from investors. Analysts from Stifel, Benchmark, and Roth MKM reiterated their Buy ratings, with price targets ranging from $175 to $200, citing optimism for long-term growth.
Analyst initiates Buy rating for REE Automotive with $14 price target. Expects growth catalyst in FY24, revenue ramp in FY25, positive margins in FY26.