Streetbeat News

Analyst Ratings

CHPT

ChargePoint Holdings Inc (CHPT) shares are trading higher after UBS initiated coverage on the stock with a Buy rating and a $9 price target. UBS highlighted CHPT's significant presence in Level 2 chargers in North America, a deep customer base, and the expectation of reaching break-even EBITDA by fiscal fourth-quarter 2025. UBS also forecasts strong growth in EV charging demand, supported by EV adoption trends.

Portfolio Pulse from Henry Khederian

September 27, 2023 | 7:14 pm

SPOT

Spotify Technology (NYSE:SPOT) has received mostly bullish analyst ratings in the last quarter, with an average price target of $184.47, up 7.68% from the previous average price target of $171.31. The ratings are based on the analysis of 17 analysts offering 12-month price targets in the last 3 months.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 7:01 pm

GM

A significant investor has taken a bearish stance on General Motors (NYSE:GM), with 53% of investors opening trades with bearish expectations. The majority of spotted trades are puts, totaling $874,800, while calls total $69,214. Whales have been targeting a price range from $26.0 to $45.0 for GM over the last 3 months. UBS has upgraded its action to Buy with a price target of $44.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 7:00 pm

OHI

Over the past three months, eight analysts have published their opinions on Omega Healthcare Invts (NYSE:OHI) stock. The average price target is $34.06, which is higher than the current price of $33.23. The current average has increased by 5.61% from the previous average price target of $32.25.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 7:00 pm

DVN

A significant bearish stance has been taken on Devon Energy (NYSE:DVN) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 42% bullish and 57% bearish. The whales have been targeting a price range from $46.5 to $60.0 for Devon Energy over the last 3 months. Citigroup, Wells Fargo, and Mizuho have maintained their Buy and Equal-Weight ratings on Devon Energy, with price targets of $55, $51, and $62 respectively.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 7:00 pm

RBC

Over the past 3 months, 6 analysts have published their opinion on RBC Bearings (NYSE:RBC) stock. The average 12-month price target for RBC Bearings is $263.5, with a high of $294.00 and a low of $235.00. The average price target has increased by 3.01% over the past month.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 7:00 pm

CFG

Over the past 3 months, 15 analysts have published their opinion on Citizens Financial Group (NYSE:CFG) stock. The average price target is $33.27, implying an upside from the current price of $25.97. This average has decreased by 0.69% from the previous average price target of $33.50.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 7:00 pm

COLB

In the last quarter, 6 analysts have provided ratings for Columbia Banking System (NASDAQ:COLB), with 1 bullish, 2 somewhat bullish, and 3 indifferent. The company has an average 12-month price target of $24.83, a decrease of 6.3% from the previous average price target of $26.50.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 7:00 pm

CADE

Over the past 3 months, 8 analysts have published their opinion on Cadence Bank (NYSE:CADE) stock. The analysts have an average price target of $24.5 versus the current price of Cadence Bank at $21.12, implying an upside. The current average has increased by 0.86% from the previous average price target of $24.29.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 7:00 pm

RKLB

Stifel analyst Erik Rasmussen has reiterated a Buy rating on Rocket Lab USA, Inc. (RKLB) but lowered the price target to $10 from $11 following a recent satellite mission mishap. The company has reduced its Q3 FY23 financial outlook, with revenues expected to be impacted by roughly $22.5 million in 2023. Despite this, the analyst is encouraged by the limited impact on gross margins and ongoing cost optimization efforts.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2023 | 7:00 pm