Dernières nouvelles pour Embecta (NASDAQ:EMBC) Stock

Embecta

Embecta Corp is a medical device company focused on providing solutions to improve the health and well-being of people living with diabetes. It has a broad portfolio of marketed products, including various pen needles, syringes, and safety devices, which are complemented by a proprietary digital application designed to assist people with managing their diabetes. The company predominantly sells products to wholesalers and distributors that sell to retail and institutional channels who in turn sell to patients or use the products to deliver insulin injections to patients. It also provides contract manufacturing services. Geographically, the company derives a majority of its revenue from the United States.

Embecta Corp

BankUnited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKU#NYSE">BKU</a>) reported quarterly earnings of $0.78 per share which beat the analyst consensus estimate of $0.74 by 5.41 percent. This is a 21.88 percent increase over earnings of $0.64 per share from the same period last year. The company reported quarterly sales of $255.41 million which missed the analyst consensus estimate of $263.57 million by 3.10 percent. This is a 5.66 percent increase over sales of $241.73 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

News

BankUnited Q1 EPS $0.78 Beats $0.74 Estimate, Sales $255.41M Miss $263.57M Estimate

Chardan Capital analyst James McIlree reinstates VinFast Auto (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) with a Buy and lowers the price target from $13 to $5.5.

Price Target

Initiation

Analyst Ratings

Chardan Capital Reinstates Buy on VinFast Auto, Lowers Price Target to $5.5

Arvinas, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARVN#NASDAQ">ARVN</a>), a clinical-stage biotechnology company working to develop a new class of drugs based on targeted protein degradation, today presented data from preclinical combination studies of ARV-393, the company's investigational PROteolysis TArgeting Chimera (PROTAC) B-cell lymphoma 6 protein (BCL6) degrader. BCL6 is a transcriptional repressor protein and a known driver of B-cell lymphomas. Data demonstrated synergistic antitumor activity, including complete regressions, in combination with standard of care (SOC) chemotherapy, SOC biologics, and investigational oral small molecule inhibitors (SMIs) in high grade B-cell lymphoma (HGBCL) and aggressive diffuse large B-cell lymphoma (DLBCL) models. The results from these preclinical studies were shared in a poster presentation at the 2025 American Association for Cancer Research (AACR) annual meeting in Chicago, Illinois.
Key findings from the studies included:
<ul>
<li>ARV-393 in combination with SOC chemotherapy (rituximab, cyclophosphamide, doxorubicin, vincristine, and prednisone [R-CHOP]), induced significantly greater tumor growth inhibition compared with rituximab, CHOP, R-CHOP, or ARV-393 alone, with complete tumor regressions in all mice treated with the ARV-393 and R-CHOP combination.</li>
<li>ARV-393 in combination with SOC biologics targeting CD20 (rituximab), CD19 (tafasitamab), or CD79b (polatuzumab vedotin) resulted in tumor regressions and demonstrated significantly stronger tumor growth inhibition compared with each agent alone.</li>
<li>In preclinical models, ARV-393 increased CD20 expression, providing additional support for the exploration of combinations with CD20-targeted agents and in the context of low or loss of CD20 expression.</li>
<li>ARV-393 in combination with investigational small molecule inhibitors targeting clinically validated oncogenic drivers of lymphoma, such as BTK (acalabrutinib), BCL2 (venetoclax), or EZH2 (tazemetostat), resulted in superior tumor growth inhibition compared with each agent alone, with tumor regressions in all mice treated with the combinations.</li>
</ul>

ARVN

Arvinas Reports Preclinical Results for New Lymphoma Drug Combo at Cancer Research Meeting

Telsey Advisory Group analyst Dana Telsey maintains ThredUp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDUP#NASDAQ">TDUP</a>) with a Outperform and raises the price target from $3 to $6.

TDUP

Telsey Advisory Group Maintains Outperform on ThredUp, Raises Price Target to $6

U.S. stock futures are down in early-morning trade on Monday, after ending the previous week on a high note, with back-to-back sessions of strong rallies.
The markets are jittery ahead of a packed earnings week, with four of the &#8220;Mag 7&#8221; — Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) — alongside several other heavy-hitters, set to release their results over the next few days.
Investors will be closely watching the results of Welltower Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WELL#NYSE">WELL</a>), Domino&#8217;s Pizza Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NASDAQ">DPZ</a>), and NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) on Monday to set the tone for the rest of this week.
U.S. 10-Year Treasuries are at 4.26%, while the 2-Year Treasuries are at 3.77%. The CME Group&#8217;s FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a> shows the markets pricing a 93.1% likelihood of interest rates remaining unchanged during the FOMC meeting, the first week of May, marking a decline from Friday, at 95.3%.
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<tbody>
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<td class="has-text-align-center" data-align="center">Futures</td>
<td class="has-text-align-center" data-align="center">Change (+/-)</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Dow Jones</td>
<td class="has-text-align-center" data-align="center">-0.03%</td>
</tr>
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<td class="has-text-align-center" data-align="center">S&amp;P 500</td>
<td class="has-text-align-center" data-align="center">-0.13%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Nasdaq 100</td>
<td class="has-text-align-center" data-align="center">-0.11%</td>
</tr>
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<td class="has-text-align-center" data-align="center">Russell 2000</td>
<td class="has-text-align-center" data-align="center">-0.32%</td>
</tr>
</tbody>
</table>
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The SPDR S&amp;P 500 Trust ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks the Nasdaq-100 index, are both down 0.27% and 0.28% in Monday&#8217;s pre-market trading, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;138z7gr&#x2A;_gcl_au&#x2A;MjA5Njc0MjY1My4xNzQwODM2NTUw&#x2A;_ga&#x2A;R1MxLjEuMTc0NDY0ODA3Mi4yLjAuMTc0NDY0ODA3NS4wLjAuMA..&#x2A;_ga_V7ZK73W7N0&#x2A;MTc0NTgyOTMzMy4xLjEuMTc0NTgyOTYyMy4wLjAuMA..">Benzinga Pro</a> data.
Cues From Last Week:
The markets were aided by strong earnings performances by AbbVie Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>), but disappointing performances by Aon PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) and HCA Healthcare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>) weighed on the rally. 
Consumer Sentiment Report (Final), released on Friday, highlighted an 8% slip in sentiments compared to the prior month, as uncertainties continue to persist, having an impact on consumer purchasing decisions.
The S&amp;P 500 capped off the week on a high note on Friday, led by communications, consumer discretionary, healthcare, and technology. Financials, consumer staples, real estate, and materials were, however, in the red during the day.
As of Friday, the Nasdaq 100 is down 12.5% from its high of 22,222.61 points, the S&amp;P 500 is down 10.1% from 6147.43 points, and the Dow Jones Industrial Average is down 11% from 45,073.63 points.
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<td class="has-text-align-center" data-align="center">Index</td>
<td class="has-text-align-center" data-align="center">Performance (+/-)</td>
<td class="has-text-align-center" data-align="center">Value</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Nasdaq Composite</td>
<td class="has-text-align-center" data-align="center">1.26%</td>
<td class="has-text-align-center" data-align="center">17,382.94</td>
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<td class="has-text-align-center" data-align="center">S&amp;P 500</td>
<td class="has-text-align-center" data-align="center">0.74%</td>
<td class="has-text-align-center" data-align="center">5,525.21</td>
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<td class="has-text-align-center" data-align="center">Dow Jones</td>
<td class="has-text-align-center" data-align="center">0.05%</td>
<td class="has-text-align-center" data-align="center">40,113.50</td>
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<td class="has-text-align-center" data-align="center">Russell 2000</td>
<td class="has-text-align-center" data-align="center">0.00014%</td>
<td class="has-text-align-center" data-align="center">1,957.62</td>
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Insights From Analysts:
Analysts are rather upbeat going into this earnings week, with several leading experts pointing towards optimistic consensus estimates as a sign that the markets are yet to price in a recession or even a slowdown, for that matter, according <a href="https://www.ft.com/content/4aa1d7d7-4162-4e25-a6d6-a174a9626681">to</a> a report by FT. 
According to Daniel Von Ahlen of TS Lombard, &#8220;The information derived from risk assets doesn't even suggest markets reckon a mild slowdown will take shape this year.&#8221;
Peter Berezin, a chief global strategist at BCA Research, says that &#8220;typically earnings estimates decline during even mild recessions,&#8221; but the markets are now pricing a 10% earnings growth over the next twelve months, and that&#8217;s of &#8220;last year's peak profit margins no less,&#8221; he says.
See Also: <a href="https://www.benzinga.com/general/25/04/45004194/dave-ramsey-calls-social-security-a-4-return-but-this-wealth-expert-says-thats-a-dangerous-oversimplification-that-could-cost-thousands" target="_blank" rel="noreferrer noopener">Dave Ramsey Calls Social Security A ‘-4% Return' —But This Wealth Expert Says That's A Dangerous Oversimplification That Could Cost Thousands</a>
Upcoming Economic Data: 
There is no major economic data being released on Monday.
Stocks In Focus:
<ul>
<li>Welltower Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WELL#NYSE">WELL</a>) is set to release its earnings after the markets close on Monday, and the stock is up 2% in pre-market trade, with analysts expecting $2.4 billion in revenue. </li>
<li>Waste Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) is up 0.41% in pre-market trade, as investors await its quarterly earnings release. Analysts expect $6.1 billion in revenue and $1.59 per share in earnings. </li>
<li>Cadence Design Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) is largely flat pre-market, up by just 0.03%, with the company set to announce its earnings after markets close on Monday. Analysts expect $1.2 billion in revenue and earnings per share of $1.50. </li>
<li>Roper Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) is an industrial conglomerate that is scheduled to announce its first quarter results before the opening bell. Consensus estimates expect $1.9 billion in revenue and $4.74 per share in earnings. </li>
<li>NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) is up 0.59% pre-market and is set to announce its earnings after markets close. Analysts expect $2.8 billion in revenue and $2.18 per share in earnings.</li>
</ul>
Commodities, Gold And Global Equity Markets
Crude oil futures are trading down 0.46% during the early New York session, at $62.73 per barrel.
Gold Spot U.S. Dollar continued its decline, and is down 1.72% on Monday, trading at 3,275.24 per ounce, down from its record high of $3.400 per ounce last week. The U.S. Dollar Index (DXY) is up 0.03%, trading at 99.626.
Asian markets were mixed on Monday, with Japan&#8217;s Nikkei 225 Index ending up 0.38%, South Korea&#8217;s Kospi up 0.10%, followed by Indian, Australian, and New Zealand indexes edging up, with the only laggards being China&#8217;s Shanghai and Shenzhen. European markets are all up in early trade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/personal-finance/25/04/44942921/national-social-security-month-returns-under-trump-as-ssa-cites-1-billion-in-savings-and-vows-to-serve-the-people-by-ending-dei-contracts-and-replacing-bureaucracy-with-customer-service" target="_blank" rel="noreferrer noopener">National Social Security Month Returns Under Trump As SSA Cites $1 Billion In Savings, Vows To ‘Serve The People'</a></li>
</ul>
Image Via Shutterstock

Analyst Color

Equities

Futures

Markets

AAPL

ABBV

AMZN

CDNS

MSFT

NXPI

WELL

US Stock Futures Fall As Markets Brace For Earnings From Microsoft, Meta, Apple And Apple This Week: 'Earnings Estimates Don't Signal A Recession' Says Leading Analyst

Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>), a leading global hospitalitycompany, announced today that HI Holdings Playa B.V., an indirect wholly owned subsidiary of Hyatt ("Buyer"), has extended the offering period of its previously announced cash tender offer to purchase all of the outstanding ordinary shares of Playa Hotels &amp; Resorts N.V. ("Playa") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLYA#NASDAQ">PLYA</a>) for $13.50 per share in cash, less any applicable withholding taxes and without interest. The offer is being made pursuant to the previously announced purchase agreement, dated February 9, 2025 (the "Purchase Agreement"), among Hyatt, Buyer and Playa.
The tender offer is now scheduled to expire at 5:00 p.m., New York City time, on May 23, 2025, unless the tender offer is further extended or earlier terminated in accordance with the Purchase Agreement. The tender offer will continue to be extended until all conditions are satisfied or waived, or until the tender offer is terminated, in either case pursuant to the terms of the Purchase Agreement and as described in the Schedule TO filed by Hyatt and Buyer with the U.S. Securities and Exchange Commission on February 24, 2025, as amended and supplemented. Completion of the tender offer remains subject to the conditions described in the tender offer statement on Schedule TO.
For purposes of the minimum tender condition, the 83,491,904 Playa ordinary shares (excluding 2,425,261 Playa ordinary shares tendered pursuant to guaranteed delivery procedures) reported to us by Computershare Trust Company, N.A., the depositary for the tender offer, as validly tendered and not properly withdrawn as of 5:00 p.m., New York City time, on April 25, 2025, the last business day prior to the announcement of the extension of the offer, together with the 12,143,621 Shares owned by Buyer as of April 25, 2025, represents approximately 75% of the outstanding Shares (or approximately 77% including the guaranteed delivery shares). Shareholders who have already tendered their Playa ordinary shares do not have to re-tender their shares or take any other action as a result of the extension of the expiration date of the tender offer.
 &nbsp;
 &nbsp;

PLYA

Hyatt Hotels: Hi Holdings Playa Extends Cash Tender Offer Period For Playa Hotels & Resorts At $13.50/Shr In Cash

Telsey Advisory Group analyst Joseph Feldman maintains Floor &amp; Decor Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FND#NYSE">FND</a>) with a Outperform and maintains $115 price target.

Telsey Advisory Group Maintains Outperform on Floor & Decor Hldgs, Maintains $115 Price Target

Telsey Advisory Group analyst Joseph Feldman maintains Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) with a Outperform and maintains $1100 price target.

COST

Telsey Advisory Group Maintains Outperform on Costco Wholesale, Maintains $1100 Price Target

Azimut Exploration Inc. ("Azimut" or the "Company") (TSXV:&nbsp;AZM) (OTCQX:&nbsp;AZMTF) is pleased to announce that it has entered into a subscription agreement with Centerra Gold Inc. ("Centerra") (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CG#TSX">CG</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CGAU#NYSE">CGAU</a>) for a non-brokered private placement of 9,430,000 common shares of the Company at a price of $0.60 per share for gross proceeds of $5,658,000 (the "Offering"). Centerra will become a strategic investor in the Company, acquiring approximately 9.9% of the issued and outstanding common shares following completion of the Offering.
Centerra's investment supports Azimut's strategy to create value through greenfield discoveries in Québec, Canada. The Company has demonstrated its ability to generate and advance quality targets for precious metals and critical minerals. Following the closing of the Offering, Azimut will be in a strong position to expand its exploration activities on its wholly owned Wabamisk (gold-antimony) and Elmer (gold-copper) properties. The proceeds from this Offering will be used for conducting exploration work on the Company's 100%-owned properties (including Elmer and Wabamisk), and for business development and general corporate purposes. Together with the partner-funded exploration planned for the Kukamas (nickel-copper-platinum-palladium), a significant level of activity is expected over the next 12 months. Refundable tax credits ranging from 22.5% to 45% are anticipated to be recovered on qualified exploration expenditures incurred by the Company.

CGAU

TSX:CG

Centerra Gold Takes 9.9% Stake in Azimut For $5.7M to Back New Gold and Critical Minerals Projects

Perfect (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PERF#NYSE">PERF</a>) affirms FY2025 sales outlook from $68.03 million-$68.93 million to $68.03 million-$68.93 million vs $68.48 million estimate.

Guidance

PERF

Perfect Affirms FY2025 Sales Guidance of $68.03M-$68.93M vs $68.48M Est

Perfect (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PERF#NYSE">PERF</a>) reported quarterly earnings of $0.02 per share which beat the analyst consensus estimate of $0.01 by 100 percent. This is a 100 percent increase over earnings of $0.01 per share from the same period last year. The company reported quarterly sales of $16.01 million which missed the analyst consensus estimate of $16.16 million by 0.90 percent. This is a 12.07 percent increase over sales of $14.29 million the same period last year.

Perfect Q1 Adj. EPS $0.02 Beats $0.01 Estimate, Sales $16.01M Miss $16.16M Estimate

Chardan Capital analyst Keay Nakae maintains Coya Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COYA#NASDAQ">COYA</a>) with a Buy and maintains $14 price target.

COYA

Chardan Capital Maintains Buy on Coya Therapeutics, Maintains $14 Price Target

Cemex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CX#NYSE">CX</a>) reported quarterly earnings of $0.08 per share which missed the analyst consensus estimate of $0.10 by 20 percent. This is a 50 percent decrease over earnings of $0.16 per share from the same period last year. The company reported quarterly sales of $3.65 billion which missed the analyst consensus estimate of $3.80 billion by 4.08 percent. This is a 7.43 percent decrease over sales of $3.94 billion the same period last year.

Cemex Q1 GAAP EPS $0.08 Misses $0.10 Estimate, Sales $3.65B Miss $3.80B Estimate

Macro Economic Events

Econ #s

Economics

France Jobseekers Total For March 3,189.0K Vs. 3,218.0K (Revised) Prior

Concerns about the future of Social Security are prompting more Americans to claim Social Security benefits earlier than planned, even at the risk of collecting smaller monthly checks. Triggered by government cuts to welfare programs and administrative turmoil, retirement decisions are being reshaped across the country.
What Happened: Social Security claims increased to 580,887 in March from 500,527 a year before, according <a href="https://www.wsj.com/personal-finance/retirement/social-security-benefits-early-trump-changes-27ecd4ee">to</a> the Wall Street Journal. 
At a March 28 meeting, officials said that "fearmongering has driven people to claim benefits earlier." Layoffs, <a href="https://www.benzinga.com/news/25/04/44707473/aprils-social-security-changes-how-new-rules-could-affect-your-check">changing rules, </a>and larger initiatives to cut government spending have <a href="https://www.benzinga.com/25/04/44775706/when-i-hear-our-politicians-say-were-not-gonna-touch-social-security-i-dont-believe-them-seniors-are-worried-about-doge-changes">generated public anxiety.</a>
President Donald Trump has pledged not to cut Social Security but has moved decisively to reduce federal budgets. "That is leading people to make decisions based on fear," said Kathleen Romig, director of Social Security and disability policy at the Center on Budget and Policy Priorities.
See Also: <a href="https://www.benzinga.com/general/25/04/45004194/dave-ramsey-calls-social-security-a-4-return-but-this-wealth-expert-says-thats-a-dangerous-oversimplification-that-could-cost-thousands">Dave Ramsey Calls Social Security A &#8216;-4% Return&#8217; —But This Wealth Expert Says That&#8217;s A Dangerous Oversimplification That Could Cost Thousands</a>
Why It Matters: Claiming early leads to lower lifetime payments. Boston University Economist Laurence Kotlikoff pointed out that benefits starting at 70 are "76% higher than at 62." Despite this, many do not want to wait.
"There is no confusion. Trump has been extremely clear: he promised to protect and strengthen Social Security," said White House spokeswoman Liz Huston. She also referred to causes for collecting early, like aging baby boomers and new benefit rules.
A new report from the Center on Budget and Policy Priorities also warns that Trump's immigration policies could deepen Social Security's <a href="https://www.benzinga.com/news/25/04/45002141/trumps-deportation-policies-could-worsen-social-securitys-funding-shortfall-by-11-warns-new-report">funding gap by around 11%</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/personal-finance/25/04/44942921/national-social-security-month-returns-under-trump-as-ssa-cites-1-billion-in-savings-and-vows-to-serve-the-people-by-ending-dei-contracts-and-replacing-bureaucracy-with-customer-service">National Social Security Month Returns Under Trump As SSA Cites $1 Billion In Savings, Vows To &#8216;Serve The People&#8217;</a></li>
</ul>
Image Via Shutterstock

Government

Personal Finance

General

Social Security Fears Drive Americans To Claim Benefits Early, Despite Smaller Checks, As Trump's Policies Fuel 'Fearmongering'

VinFast Auto Ltd. ("VinFast" or the "Company") today announced its preliminary vehicle deliveries for the first quarter of 2025. The Company delivered 36,330 electric vehicles ("EVs")1 globally in 1Q25, representing a 296% increase year-over-year. Notably, VF 5 deliveries grew 153% year-over- year and VF 6 deliveries grew 453% year-over-year. VF 3 and VF 5 accounted for 67% of total deliveries during the quarter.
&nbsp;
VinFast also announced it delivered 44,904 e-scooters and e-bikes in 1Q251, representing a 473% increase year-over-year.
&nbsp;

VinFast EV Deliveries Soar 296% To 36,330 In Q1 as VF 5 and VF 6 Models Post Growth Of 153% YoY And 453% YoY

2025 Outlook
Insulet expects to exceed its previously provided first quarter revenue guidance and intends to raise guidance for the full year.

PODD

Insulet Expects To Exceed Q1 Revenue Growth Outlook Of 22%-25% And Raise FY25 Revenue Growth Outlook From Prior 16%-20%

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) could surge to a new all-time high of <a href="https://www.benzinga.com/money/bitcoin-price-prediction">$120,000 in the second quarter</a>, according to Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered.
What Happened: In a note sent to Benzinga, Kendrick highlighted that strategic reallocation away from U.S. assets, combined with growing institutional demand, is likely to propel Bitcoin higher in the coming weeks.
Kendrick wrote in the note that, "we expect these supportive factors to push BTC to a fresh all-time high around USD 120,000 in Q2."
Kendrick pointed to several factors underpinning his bullish outlook: U.S. Treasury term premiums are at their highest in over a decade, suggesting heightened demand for non-dollar assets; whale accumulation of Bitcoin has intensified; and recent ETF flows indicate capital is shifting from gold into Bitcoin.
Also Read: <a href="https://www.benzinga.com/markets/25/04/45026968/bitcoin-fundamentally-decoupled-from-us-tech-stocks-blackrocks-jay-jacobs-says">Bitcoin Fundamentally Decoupled From US Tech Stocks, BlackRock&#8217;s Jay Jacobs Says</a>
Why t Matters: Time-of-day analysis also shows U.S.-based investors may be selling domestic assets in favor of alternatives like Bitcoin, Kendrick said.
Currently trading near $95,000, Bitcoin has climbed roughly 7x from the cycle lows seen in November 2022.
Standard Chartered maintains its year-end Bitcoin price forecast at $200,000, with Kendrick saying the second quarter breakout could bring that target into sharper focus.
"Timing the upswing is tricky, but we think it is imminent," Kendrick noted, emphasizing that Bitcoin historically tends to rally sharply before entering extended periods of sideways price action.
The bullish forecast comes amid rising volatility in U.S. financial markets, where concerns over inflation, trade tensions and geopolitical uncertainty are pushing investors toward non-traditional stores of value.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/25/04/45026851/bitcoin-etfs-see-442m-daily-inflow-as-btc-hovers-around-94-000">Bitcoin ETFs See $442M Daily Inflow As BTC Hovers Around $94,000</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

Bitcoin Could Hit $120,000 In Q2, Says Standard Chartered's Geoff Kendrick

Domino's Pizza (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) reported quarterly earnings of $4.33 per share which beat the analyst consensus estimate of $4.07 by 6.39 percent. This is a 20.95 percent increase over earnings of $3.58 per share from the same period last year. The company reported quarterly sales of $1.11 billion which missed the analyst consensus estimate of $1.13 billion by 1.29 percent. This is a 2.49 percent increase over sales of $1.08 billion the same period last year.

Domino's Pizza Q1 EPS $4.33 Beats $4.07 Estimate, Sales $1.11B Miss $1.13B Estimate

Combining PORT-6 and PORT-7 for a More Comprehensive Immunotherapy Approach
In parallel, Portage is advancing the dose escalation of PORT-6, a potent and selective inhibitor of the A2A adenosine receptor. Portage's plan is to ultimately co-administer PORT-6 with PORT-7 in the ongoing ADPORT-601 trial. This will mark the first time two highly selective A2A and A2B antagonists are combined in patients, with the aim of achieving a complete blockade of adenosine-induced immunosuppression in the tumor microenvironment. This innovative approach is designed to fully neutralize adenosine-mediated immune suppression, enhance anti-tumor responses, and broaden the impact of immunotherapy in solid tumors.

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Portage Biotech Reports Confirmatory Preclinical Efficacy Data For PORT-7 (TT-4). The New Data In A Murine Mesothelioma Model Demonstrated Single-Agent Activity For PORT-7 That Was Superior To Treatment With Single-Agent Anti-PD1 Antibody

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Embecta Corp. Reports Fiscal 2024 Fourth Quarter and Full Year Financial Results; Provides Initial Fiscal Year 2025 Financial Guidance; Discontinues Insulin Patch Pump Program; and Announces Restructuring to Streamline Operations and Reduce Costs

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