Streetbeat News

Analyst Ratings

DIS

Walt Disney's (NYSE:DIS) short percent of float has fallen 3.64% since its last report, with 19.46 million shares sold short, which is 1.06% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Disney has less short interest, with an average of 7.17% for its peer group.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 6:30 pm

HLT

Hilton Worldwide Holdings's (NYSE:HLT) short percent of float has risen 13.76% since its last report, with 5.51 million shares sold short, which is 2.15% of all regular shares available for trading. It would take traders 2.91 days to cover their short positions on average. The company's short interest is less than its peer group average of 6.64%.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 6:30 pm

GPCR

Jefferies analyst Chris Howerton maintains a Buy rating on Structure Therapeutics (NASDAQ:GPCR) and raises the price target from $50 to $79.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 6:29 pm

ACN

Accenture plc reported mixed Q4 results and issued weak FY24 adjusted EPS guidance. The company's quarterly revenue growth was 4% Y/Y to $15.98 billion, missing the consensus of $16.07 billion. Adjusted EPS of $2.71 beat the consensus of $2.66. Accenture expects FY24 revenue growth of 2%-5% in local currency and adjusted EPS of $11.97-$12.32 vs. consensus of $12.46. Following the earnings announcement, several analysts cut their price targets on Accenture.

Portfolio Pulse from Lisa Levin

September 29, 2023 | 6:28 pm

F

GM

STLA

TSLA

The United Auto Workers (UAW) is extending its strike against General Motors (GM) and Ford (F), adding two more assembly plants. This intensifies pressure on the automakers to finalize a new contract agreement. The strike expansion targets Ford’s Chicago Assembly Plant and GM’s Lansing-Delta Assembly Plant, bringing the total number of striking workers to around 25,000. The strike comes at a time of heightened union activity and a shift toward manufacturing electric vehicles in the U.S. Analyst Dan Ives warns that a favorable deal for the union could increase the average EV vehicle price by $3,000-$5,000, impacting units sold and obstructing the future business models of the Detroit Three (GM, Ford, and Stellantis).

Portfolio Pulse from AJ Fabino

September 29, 2023 | 6:20 pm

BIDU

A significant amount of unusual options activity has been observed for Baidu (NASDAQ:BIDU), with a majority of investors taking a bullish stance. Of the 11 strange trades detected, 63% were bullish and 36% were bearish. The total amount for puts was $1,122,138 and for calls was $111,284. Whales have been targeting a price range from $125.0 to $200.0 for Baidu over the last 3 months. Baidu's stock price is currently up 2.71% at $136.04. Bernstein maintains an Outperform rating on Baidu with a price target of $168, while Benchmark and Susquehanna have downgraded their actions to Buy and Positive with price targets of $210 and $175 respectively.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 6:18 pm

AMGN

A whale investor has taken a bearish stance on Amgen (NASDAQ:AMGN), with 78% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $245.0 to $280.0 for Amgen over the last 3 months. The price of AMGN is down -1.05% at $267.98. Argus Research maintains their Buy rating on Amgen with a price target of $280, while Truist Securities and HSBC have downgraded their actions to Hold and Buy with price targets of $260 and $320 respectively.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 6:03 pm

TMCI

Treace Medical Concepts (NASDAQ:TMCI) has received 3 bullish and 2 indifferent analyst ratings in the last quarter. The company's average 12-month price target is $26.2, a decrease of 14.57% from the previous average price target of $30.67.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 6:00 pm

ESTC

Elastic (NYSE:ESTC) has received 16 analyst ratings in the last quarter, with 12 bullish, 4 indifferent, and none bearish. The average 12-month price target for Elastic is $80.56, an increase of 2.49% from the previous average of $78.60.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 6:00 pm

ALGM

In the last quarter, Allegro Microsystems (NASDAQ:ALGM) received 6 analyst ratings, with 3 being bullish, 2 somewhat bullish, and 1 indifferent. The company's average 12-month price target is $52.0, an increase of 2.62% from the previous average of $50.67.

Portfolio Pulse from Benzinga Insights

September 29, 2023 | 6:00 pm