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Benzinga’s Top Ratings Upgrades, Downgrades for January 3, 2022

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Upgrades

For nVent Electric PLC (NYSE:NVT), Vertical Research upgraded the previous rating of Hold to Buy. nVent Electric earned $0.53 in the third quarter, compared to $0.45 in the year-ago quarter. The stock has a 52-week-high of $38.48 and a 52-week-low of $21.81. At the end of the last trading period, nVent Electric closed at $38.00.

According to Susquehanna, the prior rating for Canadian Pacific Railway Ltd (NYSE:CP) was changed from Neutral to Positive. In the third quarter, Canadian Pacific Railway showed an EPS of $0.70, compared to $0.62 from the year-ago quarter. The current stock performance of Canadian Pacific Railway shows a 52-week-high of $404.43 and a 52-week-low of $64.37. Moreover, at the end of the last trading period, the closing price was at $71.94.

BWS Financial upgraded the previous rating for Xperi Holding Corp (NASDAQ:XPER) from Buy to Top Pick. Xperi Holding earned $0.53 in the third quarter, compared to $0.19 in the year-ago quarter. The current stock performance of Xperi Holding shows a 52-week-high of $25.03 and a 52-week-low of $17.19. Moreover, at the end of the last trading period, the closing price was at $18.91.

Citigroup upgraded the previous rating for Vivid Seats Inc (NASDAQ:SEAT) from Neutral to Buy. The current stock performance of Vivid Seats shows a 52-week-high of $11.25 and a 52-week-low of $9.38. Moreover, at the end of the last trading period, the closing price was at $10.88.

According to Barclays, the prior rating for Wells Fargo & Co (NYSE:WFC) was changed from Equal-Weight to Overweight. For the third quarter, Wells Fargo had an EPS of $1.17, compared to year-ago quarter EPS of $0.42. The current stock performance of Wells Fargo shows a 52-week-high of $52.56 and a 52-week-low of $29.40. Moreover, at the end of the last trading period, the closing price was at $47.98.

Barclays upgraded the previous rating for Regions Financial Corp (NYSE:RF) from Underweight to Equal-Weight. For the third quarter, Regions Financial had an EPS of $0.66, compared to year-ago quarter EPS of $0.52. The current stock performance of Regions Financial shows a 52-week-high of $24.89 and a 52-week-low of $15.72. Moreover, at the end of the last trading period, the closing price was at $21.80.

Guggenheim upgraded the previous rating for The Cooper Companies Inc (NYSE:COO) from Neutral to Buy. In the fourth quarter, Cooper Companies showed an EPS of $3.28, compared to $3.16 from the year-ago quarter. The current stock performance of Cooper Companies shows a 52-week-high of $463.59 and a 52-week-low of $353.01. Moreover, at the end of the last trading period, the closing price was at $418.94.

According to Evercore ISI Group, the prior rating for NovoCure Ltd (NASDAQ:NVCR) was changed from Underperform to In-Line. NovoCure earned $0.13 in the third quarter, compared to $0.09 in the year-ago quarter. The stock has a 52-week-high of $232.76 and a 52-week-low of $74.90. At the end of the last trading period, NovoCure closed at $75.08.

According to Raymond James, the prior rating for II-VI Inc (NASDAQ:IIVI) was changed from Market Perform to Outperform. For the first quarter, II-VI had an EPS of $0.87, compared to year-ago quarter EPS of $0.84. At the moment, the stock has a 52-week-high of $100.44 and a 52-week-low of $54.35. II-VI closed at $68.33 at the end of the last trading period.

For Wolfspeed Inc (NYSE:WOLF), Piper Sandler upgraded the previous rating of Neutral to Overweight. Wolfspeed earned $0.21 in the first quarter, compared to $0.24 in the year-ago quarter. At the moment, the stock has a 52-week-high of $114.50 and a 52-week-low of $102.09. Wolfspeed closed at $111.77 at the end of the last trading period.

Piper Sandler upgraded the previous rating for Alnylam Pharmaceuticals Inc (NASDAQ:ALNY) from Neutral to Overweight. In the third quarter, Alnylam Pharmaceuticals showed an EPS of $1.51, compared to $1.58 from the year-ago quarter. At the moment, the stock has a 52-week-high of $212.00 and a 52-week-low of $124.00. Alnylam Pharmaceuticals closed at $169.58 at the end of the last trading period.

According to Barclays, the prior rating for PNC Financial Services Group Inc (NYSE:PNC) was changed from Equal-Weight to Overweight. For the third quarter, PNC Financial Services Gr had an EPS of $3.75, compared to year-ago quarter EPS of $3.39. At the moment, the stock has a 52-week-high of $217.60 and a 52-week-low of $141.60. PNC Financial Services Gr closed at $200.52 at the end of the last trading period.

For Boston Properties Inc (NYSE:BXP), Deutsche Bank upgraded the previous rating of Hold to Buy. In the third quarter, Boston Properties showed an EPS of $1.73, compared to $1.57 from the year-ago quarter. The stock has a 52-week-high of $124.24 and a 52-week-low of $88.45. At the end of the last trading period, Boston Properties closed at $115.18.

For Regency Centers Corp (NASDAQ:REG), Deutsche Bank upgraded the previous rating of Hold to Buy. Regency Centers earned $1.12 in the third quarter, compared to $0.69 in the year-ago quarter. The stock has a 52-week-high of $78.06 and a 52-week-low of $43.49. At the end of the last trading period, Regency Centers closed at $75.35.

Deutsche Bank upgraded the previous rating for AvalonBay Communities Inc (NYSE:AVB) from Hold to Buy. AvalonBay Communities earned $2.06 in the third quarter, compared to $2.06 in the year-ago quarter. The current stock performance of AvalonBay Communities shows a 52-week-high of $254.61 and a 52-week-low of $154.84. Moreover, at the end of the last trading period, the closing price was at $252.59.

For SL Green Realty Corp (NYSE:SLG), Deutsche Bank upgraded the previous rating of Hold to Buy. In the third quarter, SL Green Realty showed an EPS of $1.78, compared to $1.75 from the year-ago quarter. The stock has a 52-week-high of $85.65 and a 52-week-low of $56.33. At the end of the last trading period, SL Green Realty closed at $71.70.

According to BMO Capital, the prior rating for PayPal Holdings Inc (NASDAQ:PYPL) was changed from Market Perform to Outperform. PayPal Holdings earned $1.11 in the third quarter, compared to $1.07 in the year-ago quarter. At the moment, the stock has a 52-week-high of $310.16 and a 52-week-low of $179.15. PayPal Holdings closed at $188.58 at the end of the last trading period.

For Regeneron Pharmaceuticals Inc (NASDAQ:REGN), Bernstein upgraded the previous rating of Market Perform to Outperform. In the third quarter, Regeneron Pharmaceuticals showed an EPS of $15.37, compared to $8.36 from the year-ago quarter. The stock has a 52-week-high of $686.62 and a 52-week-low of $441.00. At the end of the last trading period, Regeneron Pharmaceuticals closed at $631.52.

For McDonald’s Corp (NYSE:MCD), Piper Sandler upgraded the previous rating of Neutral to Overweight. For the third quarter, McDonald’s had an EPS of $2.76, compared to year-ago quarter EPS of $2.22. The stock has a 52-week-high of $269.72 and a 52-week-low of $202.73. At the end of the last trading period, McDonald’s closed at $268.07.

Keybanc upgraded the previous rating for C.H. Robinson Worldwide Inc (NASDAQ:CHRW) from Sector Weight to Overweight. C.H. Robinson Worldwide earned $1.85 in the third quarter, compared to $1.00 in the year-ago quarter. At the moment, the stock has a 52-week-high of $108.06 and a 52-week-low of $84.67. C.H. Robinson Worldwide closed at $107.63 at the end of the last trading period.

See all analyst ratings upgrades.

Downgrades

For Carrier Global Corp (NYSE:CARR), Vertical Research downgraded the previous rating of Buy to Hold. For the third quarter, Carrier Global had an EPS of $0.71, compared to year-ago quarter EPS of $0.67. At the moment, the stock has a 52-week-high of $58.89 and a 52-week-low of $34.21. Carrier Global closed at $54.24 at the end of the last trading period.

According to Vertical Research, the prior rating for Fortive Corp (NYSE:FTV) was changed from Buy to Hold. In the third quarter, Fortive showed an EPS of $0.66, compared to $0.94 from the year-ago quarter. The current stock performance of Fortive shows a 52-week-high of $79.87 and a 52-week-low of $64.58. Moreover, at the end of the last trading period, the closing price was at $76.29.

According to Vertical Research, the prior rating for Trane Technologies PLC (NYSE:TT) was changed from Buy to Hold. In the third quarter, Trane Technologies showed an EPS of $1.80, compared to $1.72 from the year-ago quarter. NoneThe current stock performance of Trane Technologies shows a 52-week-high of $207.06 and a 52-week-low of $137.98. Moreover, at the end of the last trading period, the closing price was at $202.03.

For Navient Corp (NASDAQ:NAVI), Stephens & Co. downgraded the previous rating of Overweight to Equal-Weight. For the third quarter, Navient had an EPS of $0.92, compared to year-ago quarter EPS of $1.03. The stock has a 52-week-high of $23.80 and a 52-week-low of $9.69. At the end of the last trading period, Navient closed at $21.22.

Stephens & Co. downgraded the previous rating for Synchrony Financial (NYSE:SYF) from Overweight to Equal-Weight. In the third quarter, Synchrony Finl showed an EPS of $2.00, compared to $0.63 from the year-ago quarter. At the moment, the stock has a 52-week-high of $52.49 and a 52-week-low of $33.41. Synchrony Finl closed at $46.39 at the end of the last trading period.

MKM Partners downgraded the previous rating for JetBlue Airways Corp (NASDAQ:JBLU) from Neutral to Sell. For the third quarter, JetBlue Airways had an EPS of $0.12, compared to year-ago quarter EPS of $1.75. The current stock performance of JetBlue Airways shows a 52-week-high of $21.96 and a 52-week-low of $12.86. Moreover, at the end of the last trading period, the closing price was at $14.24.

MKM Partners downgraded the previous rating for Southwest Airlines Co (NYSE:LUV) from Buy to Neutral. For the third quarter, Southwest Airlines had an EPS of $0.23, compared to year-ago quarter EPS of $1.99. NoneThe stock has a 52-week-high of $64.75 and a 52-week-low of $38.66. At the end of the last trading period, Southwest Airlines closed at $42.84.

According to MKM Partners, the prior rating for Spirit Airlines Inc (NYSE:SAVE) was changed from Buy to Neutral. For the third quarter, Spirit Airlines had an EPS of $0.69, compared to year-ago quarter EPS of $2.32. The stock has a 52-week-high of $40.77 and a 52-week-low of $19.52. At the end of the last trading period, Spirit Airlines closed at $21.85.

For Genmab A/S (NASDAQ:GMAB), Guggenheim downgraded the previous rating of Buy to Neutral. In the third quarter, Genmab showed an EPS of $0.21, compared to $0.13 from the year-ago quarter. At the moment, the stock has a 52-week-high of $49.07 and a 52-week-low of $30.10. Genmab closed at $39.56 at the end of the last trading period.

Goldman Sachs downgraded the previous rating for Kingsoft Cloud Holdings Ltd (NASDAQ:KC) from Buy to Neutral. For the third quarter, Kingsoft Cloud Holdings had an EPS of $0.22, compared to year-ago quarter EPS of $0.01. At the moment, the stock has a 52-week-high of $74.67 and a 52-week-low of $13.70. Kingsoft Cloud Holdings closed at $15.75 at the end of the last trading period.

For Charter Communications Inc (NASDAQ:CHTR), Wolfe Research downgraded the previous rating of Peer Perform to Underperform. Charter Communications earned $6.50 in the third quarter, compared to $3.90 in the year-ago quarter. At the moment, the stock has a 52-week-high of $825.62 and a 52-week-low of $585.45. Charter Communications closed at $651.97 at the end of the last trading period.

Barclays downgraded the previous rating for U.S. Bancorp (NYSE:USB) from Overweight to Equal-Weight. U.S. Bancorp earned $1.30 in the third quarter, compared to $0.99 in the year-ago quarter. The current stock performance of U.S. Bancorp shows a 52-week-high of $63.01 and a 52-week-low of $42.47. Moreover, at the end of the last trading period, the closing price was at $56.17.

For Ross Stores Inc (NASDAQ:ROST), Wells Fargo downgraded the previous rating of Overweight to Equal-Weight. Ross Stores earned $1.09 in the third quarter, compared to $1.02 in the year-ago quarter. The current stock performance of Ross Stores shows a 52-week-high of $134.22 and a 52-week-low of $103.62. Moreover, at the end of the last trading period, the closing price was at $114.28.

Piper Sandler downgraded the previous rating for Cheesecake Factory Inc (NASDAQ:CAKE) from Overweight to Neutral. For the third quarter, Cheesecake Factory had an EPS of $0.65, compared to year-ago quarter EPS of $0.33. At the moment, the stock has a 52-week-high of $65.81 and a 52-week-low of $34.64. Cheesecake Factory closed at $39.15 at the end of the last trading period.

For Restaurant Brands International Inc (NYSE:QSR), Piper Sandler downgraded the previous rating of Overweight to Neutral. In the third quarter, Restaurant Brands Intl showed an EPS of $0.76, compared to $0.68 from the year-ago quarter. The current stock performance of Restaurant Brands Intl shows a 52-week-high of $71.12 and a 52-week-low of $54.18. Moreover, at the end of the last trading period, the closing price was at $60.68.

For Exelon Corp (NASDAQ:EXC), Mizuho downgraded the previous rating of Buy to Neutral. In the third quarter, Exelon showed an EPS of $1.09, compared to $1.04 from the year-ago quarter. The stock has a 52-week-high of $58.01 and a 52-week-low of $38.35. At the end of the last trading period, Exelon closed at $57.76.

For Huntington Bancshares Inc (NASDAQ:HBAN), Barclays downgraded the previous rating of Equal-Weight to Underweight. Huntington Bancshares earned $0.35 in the third quarter, compared to $0.27 in the year-ago quarter. The current stock performance of Huntington Bancshares shows a 52-week-high of $16.91 and a 52-week-low of $12.41. Moreover, at the end of the last trading period, the closing price was at $15.42.

For American Campus Communities Inc (NYSE:ACC), Deutsche Bank downgraded the previous rating of Buy to Hold. In the third quarter, American Campus showed an EPS of $0.40, compared to $0.32 from the year-ago quarter. The current stock performance of American Campus shows a 52-week-high of $57.83 and a 52-week-low of $40.01. Moreover, at the end of the last trading period, the closing price was at $57.29.

Deutsche Bank downgraded the previous rating for Kimco Realty Corp (NYSE:KIM) from Buy to Hold. In the third quarter, Kimco Realty showed an EPS of $0.32, compared to $0.25 from the year-ago quarter. At the moment, the stock has a 52-week-high of $24.95 and a 52-week-low of $14.28. Kimco Realty closed at $24.65 at the end of the last trading period.

According to Deutsche Bank, the prior rating for Medical Properties Trust Inc (NYSE:MPW) was changed from Buy to Hold. In the third quarter, Medical Properties Trust showed an EPS of $0.44, compared to $0.41 from the year-ago quarter. The stock has a 52-week-high of $23.74 and a 52-week-low of $19.39. At the end of the last trading period, Medical Properties Trust closed at $23.63.

See all analyst ratings downgrades.

Initiations

Wolfe Research initiated coverage on HashiCorp Inc (NASDAQ:HCP) with an Outperform rating. The price target for HashiCorp is set to $105.00. The stock has a 52-week-high of $102.95 and a 52-week-low of $79.27. At the end of the last trading period, HashiCorp closed at $91.04.

With a Peer Perform rating, Wolfe Research initiated coverage on Americold Realty Trust (NYSE:COLD). The price target seems to have been set at $37.00 for Americold Realty Trust. Americold Realty Trust earned $0.23 in the third quarter, compared to $0.28 in the year-ago quarter. The stock has a 52-week-high of $40.85 and a 52-week-low of $27.88. At the end of the last trading period, Americold Realty Trust closed at $32.79.

Susquehanna initiated coverage on Nu Holdings Ltd (NYSE:NU) with a Positive rating. The price target for Nu Holdings is set to $14.00. For the fourth quarter, Nu Holdings had an EPS of $0.69, compared to year-ago quarter EPS of $0.56. The stock has a 52-week-high of $10.58 and a 52-week-low of $8.75. At the end of the last trading period, Nu Holdings closed at $9.38.

With a Buy rating, Stifel initiated coverage on HashiCorp Inc (NASDAQ:HCP). The price target seems to have been set at $100.00 for HashiCorp. At the moment, the stock has a 52-week-high of $102.95 and a 52-week-low of $79.27. HashiCorp closed at $91.04 at the end of the last trading period.

Morgan Stanley initiated coverage on Fastly Inc (NYSE:FSLY) with a Equal-Weight rating. The price target for Fastly is set to $43.00. Fastly earned $0.11 in the third quarter, compared to $0.04 in the year-ago quarter. The current stock performance of Fastly shows a 52-week-high of $122.75 and a 52-week-low of $33.55. Moreover, at the end of the last trading period, the closing price was at $35.45.

With an Overweight rating, Morgan Stanley initiated coverage on Nu Holdings Ltd (NYSE:NU). The price target seems to have been set at $16.00 for Nu Holdings. In the fourth quarter, Nu Holdings showed an EPS of $0.69, compared to $0.56 from the year-ago quarter. The current stock performance of Nu Holdings shows a 52-week-high of $10.58 and a 52-week-low of $8.75. Moreover, at the end of the last trading period, the closing price was at $9.38.

With a Equal-Weight rating, Morgan Stanley initiated coverage on HashiCorp Inc (NASDAQ:HCP). The price target seems to have been set at $90.00 for HashiCorp. The stock has a 52-week-high of $102.95 and a 52-week-low of $79.27. At the end of the last trading period, HashiCorp closed at $91.04.

With a Market Outperform rating, JMP Securities initiated coverage on Chicago Atlantic Real Estate Finance Inc (NASDAQ:REFI). The price target seems to have been set at $26.00 for Chicago Atlantic Real. The stock has a 52-week-high of $17.00 and a 52-week-low of $15.50. At the end of the last trading period, Chicago Atlantic Real closed at $16.65.

With a Market Outperform rating, JMP Securities initiated coverage on HashiCorp Inc (NASDAQ:HCP). The price target seems to have been set at $110.00 for HashiCorp. The stock has a 52-week-high of $102.95 and a 52-week-low of $79.27. At the end of the last trading period, HashiCorp closed at $91.04.

With a Market Outperform rating, JMP Securities initiated coverage on AdTheorent Holding Co Inc (NASDAQ:ADTH). The price target seems to have been set at $10.00 for AdTheorent Holding. At the moment, the stock has a 52-week-high of $11.90 and a 52-week-low of $5.46. AdTheorent Holding closed at $5.87 at the end of the last trading period.

Jefferies initiated coverage on Privia Health Group Inc (NASDAQ:PRVA) with a Buy rating. The price target for Privia Health Group is set to $33.00. The current stock performance of Privia Health Group shows a 52-week-high of $50.77 and a 52-week-low of $20.20. Moreover, at the end of the last trading period, the closing price was at $25.87.

With a Buy rating, BTIG initiated coverage on Pear Therapeutics Inc (NASDAQ:PEAR). The price target seems to have been set at $12.00 for Pear Therapeutics. The current stock performance of Pear Therapeutics shows a 52-week-high of $7.52 and a 52-week-low of $4.85. Moreover, at the end of the last trading period, the closing price was at $6.20.

With a Buy rating, B of A Securities initiated coverage on HashiCorp Inc (NASDAQ:HCP). The price target seems to have been set at $102.00 for HashiCorp. At the moment, the stock has a 52-week-high of $102.95 and a 52-week-low of $79.27. HashiCorp closed at $91.04 at the end of the last trading period.

William Blair initiated coverage on HashiCorp Inc (NASDAQ:HCP) with an Outperform rating. The current stock performance of HashiCorp shows a 52-week-high of $102.95 and a 52-week-low of $79.27. Moreover, at the end of the last trading period, the closing price was at $91.04.

UBS initiated coverage on Nu Holdings Ltd (NYSE:NU) with a Buy rating. The price target for Nu Holdings is set to $12.50. In the fourth quarter, Nu Holdings showed an EPS of $0.69, compared to $0.56 from the year-ago quarter. At the moment, the stock has a 52-week-high of $10.58 and a 52-week-low of $8.75. Nu Holdings closed at $9.38 at the end of the last trading period.

With an Outperform rating, Oppenheimer initiated coverage on Chicago Atlantic Real Estate Finance Inc (NASDAQ:REFI). The price target seems to have been set at $17.00 for Chicago Atlantic Real. The stock has a 52-week-high of $17.00 and a 52-week-low of $15.50. At the end of the last trading period, Chicago Atlantic Real closed at $16.65.

With a Neutral rating, JP Morgan initiated coverage on HashiCorp Inc (NASDAQ:HCP). The price target seems to have been set at $100.00 for HashiCorp. At the moment, the stock has a 52-week-high of $102.95 and a 52-week-low of $79.27. HashiCorp closed at $91.04 at the end of the last trading period.

With a Hold rating, HSBC initiated coverage on Nu Holdings Ltd (NYSE:NU). The price target seems to have been set at $10.00 for Nu Holdings. For the fourth quarter, Nu Holdings had an EPS of $0.69, compared to year-ago quarter EPS of $0.56. The current stock performance of Nu Holdings shows a 52-week-high of $10.58 and a 52-week-low of $8.75. Moreover, at the end of the last trading period, the closing price was at $9.38.

Goldman Sachs initiated coverage on HashiCorp Inc (NASDAQ:HCP) with a Neutral rating. The price target for HashiCorp is set to $90.00. The current stock performance of HashiCorp shows a 52-week-high of $102.95 and a 52-week-low of $79.27. Moreover, at the end of the last trading period, the closing price was at $91.04.

Goldman Sachs initiated coverage on Nu Holdings Ltd (NYSE:NU) with a Buy rating. The price target for Nu Holdings is set to $15.00. Nu Holdings earned $0.69 in the fourth quarter, compared to $0.56 in the year-ago quarter. The current stock performance of Nu Holdings shows a 52-week-high of $10.58 and a 52-week-low of $8.75. Moreover, at the end of the last trading period, the closing price was at $9.38.

With an Outperform rating, Cowen & Co. initiated coverage on HashiCorp Inc (NASDAQ:HCP). The price target seems to have been set at $105.00 for HashiCorp. The stock has a 52-week-high of $102.95 and a 52-week-low of $79.27. At the end of the last trading period, HashiCorp closed at $91.04.

Compass Point initiated coverage on Chicago Atlantic Real Estate Finance Inc (NASDAQ:REFI) with a Buy rating. The price target for Chicago Atlantic Real is set to $22.00. At the moment, the stock has a 52-week-high of $17.00 and a 52-week-low of $15.50. Chicago Atlantic Real closed at $16.65 at the end of the last trading period.

With a Buy rating, Needham initiated coverage on Vacasa Inc (NASDAQ:VCSA). The price target seems to have been set at $13.00 for Vacasa. At the moment, the stock has a 52-week-high of $8.76 and a 52-week-low of $6.90. Vacasa closed at $8.32 at the end of the last trading period.

Keybanc initiated coverage on Nu Holdings Ltd (NYSE:NU) with an Overweight rating. The price target for Nu Holdings is set to $12.00. For the fourth quarter, Nu Holdings had an EPS of $0.69, compared to year-ago quarter EPS of $0.56. The current stock performance of Nu Holdings shows a 52-week-high of $10.58 and a 52-week-low of $8.75. Moreover, at the end of the last trading period, the closing price was at $9.38.

For HashiCorp Inc (NASDAQ:HCP), Keybanc initiated coverage, by setting the current rating at Sector Weight. The stock has a 52-week-high of $102.95 and a 52-week-low of $79.27. At the end of the last trading period, HashiCorp closed at $91.04.

See all analyst ratings initiations.

Source: benzinga.com

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Will You Sell Your Dogecoin If It Reaches $0.50 (Again) in 2022? Over 75% Say…

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Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.

This week, we posed the following question to Benzinga visitors: Will you sell your Dogecoin (CRYPTO: DOGE) if it reaches $0.50 in 2022?

Since early 2021, it’s no secret Dogecoin’s price has risen or fallen in sympathy with both the price of Bitcoin (CRYPTO: BTC) and tweets by Tesla Inc (NASDAQ:TSLA) CEO Elon Musk. Heavy support for Dogecoin, by Musk, might give the meme crypto a shot at reaching $0.50 in 2022.

Back on May 8, 2021, Dogecoin reached an all-time high of $0.7376 in anticipation of Musk’s appearance on Saturday Night Live. The meme crypto is since trading lower by 81.7%. 

Here are the full results from this week’s survey:

Yes, I will sell my Dogecoin if it reaches $0.50: 75.3%
No, I will not sell my Dogecoin if it reaches $0.50: 24.7%

This sentiment study was conducted amid another active week of trading, which saw the meme cryptocurrency fall by over 28%.

At the time of publication, Dogecoin was trading around $0.1338, down 11.2% in the past 24 hours.

See Also: Dogecoin Vs. Shiba Inu

This survey was conducted by Benzinga in January 2022 and included the responses of a diverse population of adults 18 or older.

Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from over 1,000 adults.

Source: benzinga.com

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Apple Poised to Outperform Expectations in December Quarter, Analyst Says: How Will Shares React?

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Notwithstanding supply constraints, an analyst at Morgan Stanley is positive about Apple Inc.’s (NASDAQ:AAPL) December quarter performance.

The Apple Analyst: Morgan Stanley analyst Katy Huberty has an Overweight rating and a $200 price target for Apple shares.

The Apple Thesis: Cupertino is likely to post upside to Street forecasts for the December quarter and guide to a relatively in-line March quarter, thanks to improving iPhone production into year-end and modest Services outperformance, Huberty said in a note. Since hitting a low on Oct. 4, Apple’s shares are up 19%, suggesting the December quarter upside is largely priced in, she added.

The analyst models December quarter revenues of $122.3 billion, a 41.9% gross margin and $1.97 per share in earnings. Apple’s management will likely shed light on its active device and iPhone installed base, the analyst said.

Among products, Apple may have shipped 83 million units of iPhones, 7.6 million units of Macs and 14.9 million units of iPads, Huberty said. The analyst estimates total product revenues of $103.1 billion, which is above the consensus estimate of $100.3 billion.

Services revenue is likely to come in at $19.2 billion, also above the consensus estimate of $18.6 billion, Huberty said. The upside is due to stronger-than-expected App Store performance and Apple’s Licensing & Other segment, she added.

Given the sustained presence of COVID-19, management is unlikely to offer a revenue guidance range for the March quarter and instead will likely provide commentary on segment growth trends, she noted.

Related Link: Apple Becomes First Company To Top $3 Trillion Market Cap; Analyst Says Rally Has Further Legs

Apple shares have underperformed thus far in January after December’s outperformance, the analyst said. Apple is expected to release the iPhone SE3 in April/May this year, the iPhone 14 in Fall 2022 and a mixed reality headset in 2023, Huberty noted.

Morgan Stanley said it would be a buyer on any weakness post-earnings, as it views Apple as a more “defensive/quality outperformer” in challenging markets. The company’s 1.65 billion+ installed base with high loyalty/retention rates, underweight institutional positioning, along with strong capital returns and the tendency for it to outperform ahead of product cycles make the firm positive on Apple stock, Morgan Stanley noted.

AAPL Price Action: Apple shares were down 2.10% to $162.41 at market close Friday.

Original Article: benzinga.com

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Bitcoin May Be Plunging Hard, but Look Who’s Buying the Dip

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The sell-off seen in the crypto space is continuing into the weekend, and Bitcoin (CRYPTO: BTC), the apex crypto, is no exception. Bitcoin-backer and El Salvador President Nayib Bukele, unsurprisingly, is seeing the weakness as a buying opportunity.

What Happened: Bukele said in a late Friday tweet that the country has purchased an additional 410 Bitcoins for $15 million, the nation now holds over 1,500 BTC. The president also suggested that some current sellers are liquidating at throwaway prices.

The tweet was in reply to his own Jan. 14 tweet, in which Bukele indicated that he might have missed the dip at the time.

The tweet elicited mixed responses. One Twitter user said Bukele wasted over $36,500 per Bitcoin and suggested that if the president wants to make bad bets on Bitcoin, he should be doing so with his own money. He challenged Bukele to disclose his personal Bitcoin holdings.

Meanwhile, another user supported the Bitcoin purchase and said the president is seeing the big picture, while others don’t understand Bitcoin is a long-term asset.

Related Link: Bitcoin Slips Below Crucial $40K Level, Taking Ethereum, Dogecoin Down With It: US Treasuries, Russia, Outflows And More That’s Weighing

Why It’s Important: After seeing a downtrend since hitting a high in early November, Bitcoin has come under further pressure in the new year. Since the start of the year, the apex currency has lost over 20%, implying it is sinking further into bear market territory.

El Salvador has the distinction of being the first country to adopt Bitcoin as legal tender, alongside the U.S. dollar, on Sep. 7, 2021.

At the time, Bukele reasoned the move would spur investment in the country and come in handy for 70% of its citizens, who don’t have access to traditional financial services. The country has also made plans to build a Bitcoin city, financing the construction by the issuance of a $1 billion Bitcoin Bond.

BTC’s trajectory in the near- to midterm will determine the success of the country’s Bitcoin strategy and whether Bukele will be vindicated. At last check, Bitcoin was seen down 7.56% in the past 24 hours to $35,486.19.

Related Link: How to Buy Bitcoin

Photo: Courtesy Blockzeit CH on Flickr

Source: benzinga.com

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