Nasdaq Down 1%; Dollar Tree To Sell Family Dollar Business For $1 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 26 2025
0mins
Source: Benzinga
Market Performance: U.S. stocks showed mixed results with the Nasdaq Composite down 1%, while the Dow rose 0.35%. Energy shares increased by 1.4%, but information technology shares fell by 1.2%.
Company Highlights: Dollar Tree reported better-than-expected earnings and announced a $1.007 billion acquisition of its Family Dollar segment. Meanwhile, Petros Pharmaceuticals and OSR Holdings saw significant stock surges, while Acrivon Therapeutics and Intchains Group experienced notable declines.
Analyst Views on ICG
Wall Street analysts forecast ICG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ICG is 3.50 USD with a low forecast of 3.00 USD and a high forecast of 4.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 2.000
Low
3.00
Averages
3.50
High
4.00
Current: 2.000
Low
3.00
Averages
3.50
High
4.00
About ICG
Intchains Group Ltd is a holding company mainly engaged in the provision of altcoin mining products. The Company is principally engaged in the provision of altcoin mining products, the strategic acquisition and holding of Ethereum-based cryptocurrencies and the development of World Wide Web 3.0 (Web3) applications. The Company primarily offers mining products including altcoin mining machines that incorporate application-specific integrated circuit (ASIC) chips, as well as ancillary software and hardware. The Company focuses on the design of ASIC chips for blockchain applications. The Company's altcoin mining machines are primarily sold under Goldshell brand. The Company principally conducts its businesses in domestic and overseas markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
