Streetbeat News

Analyst Ratings

QCOM

A significant number of investors have taken a bearish stance on Qualcomm (NASDAQ:QCOM), with 60% of recent trades reflecting this sentiment. The targeted price range for Qualcomm over the last 3 months has been $95.0 to $120.0. The current price of QCOM is down -0.72% at $110.26. Keybanc, Wells Fargo, and Rosenblatt have given price targets of $145, $100, and $145 respectively.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:31 pm

ARGX

Truist Securities analyst Joon Lee has reiterated a 'Buy' rating on argenx (NASDAQ:ARGX) and maintained a price target of $570.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 4:30 pm

CLF

X

United States Steel Corporation (NYSE:X) is undergoing a transformation, expanding its EAF capabilities and downstream offerings, according to Morgan Stanley analyst Carlos De Alba. De Alba upgraded the rating for US Steel from Equal-Weight to Overweight and raised the price target from $25 to $40. The company's new 3.0mtpa Big River 2 mini mill is expected to come online in 2024, which will nearly double its EAF steelmaking capabilities. US Steel is also increasing its presence in downstream products.

Portfolio Pulse from Priya Nigam

October 02, 2023 | 4:30 pm

CORT

Truist Securities analyst Joon Lee has reiterated a 'Hold' rating on Corcept Therapeutics (NASDAQ:CORT) and maintained a price target of $29.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 4:27 pm

ACCD

Truist Securities analyst Jailendra Singh has reiterated a 'Buy' rating on Accolade (NASDAQ:ACCD) and maintained a price target of $17.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 4:24 pm

NVDA

Goldman Sachs has added NVIDIA Corp (NASDAQ:NVDA) to its conviction list, citing the company's strong position in the AI space. The firm believes NVIDIA is well-positioned to benefit from increasing demand as supply dynamics improve. The company's data center sales nearly tripled YoY last quarter, indicating the growing importance of its GPUs for customers seeking greater compute power. Goldman Sachs also highlighted NVIDIA's ability to keep up with demand as supply constraints ease and its successful management of supply chain bottlenecks. The firm has set a price target of $605 for NVIDIA shares.

Portfolio Pulse from Adam Eckert

October 02, 2023 | 4:23 pm

FDX

FedEx Corp (NYSE:FDX) shares climbed after reporting positive quarterly results. Despite cyclical risks, Susquehanna analyst Bascome Majors upgraded FedEx from Neutral to Positive and raised the price target from $225 to $315. Majors cited three reasons for his confidence: historical performance of FDX volumes vs. share performance, fiscal 2024 guidance that absorbs return of incentive comp and unwind of pandemic pricing, and conservative forecasts for FDX's market-share-leading LTL business Freight.

Portfolio Pulse from Priya Nigam

October 02, 2023 | 4:19 pm

SHOP

A significant bearish stance has been taken on Shopify (NYSE:SHOP) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $30.0 to $80.0 for Shopify over the last 3 months. JMP Securities has downgraded its action to Market Outperform with a price target of $72.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:16 pm

OXY

A significant bullish stance has been taken on Occidental Petroleum (NYSE:OXY) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 64% bullish and 35% bearish. The whales have been targeting a price range from $52.5 to $95.0 for Occidental Petroleum over the last 3 months. Roth MKM has downgraded its action to Neutral with a price target of $60 while Mizuho maintains their Buy rating with a price target of $76.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:16 pm

ADBE

A significant number of investors have taken a bearish stance on Adobe (NASDAQ:ADBE), with 70% of recent unusual options trades being bearish. The trades range from $420.0 to $560.0. Adobe's stock price is currently down 0.5% at $507.36. Analysts from BMO Capital, Evercore ISI Group, and Piper Sandler maintain an Outperform rating on Adobe, with price targets ranging from $605 to $650. RBC Capital and HSBC have downgraded their ratings to Outperform and Hold respectively, with price targets of $615 and $519.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 4:16 pm