Streetbeat News

Analyst Ratings

PLTR

A significant investor has taken a bearish stance on Palantir Technologies (NYSE:PLTR), with 60% of recent trades being bearish. The targeted price range for Palantir over the last 3 months is between $10.0 and $25.0. The current price of PLTR is down 2.0% at $13.94. HSBC, Wedbush, and Morgan Stanley have downgraded their actions on Palantir with price targets of $16, $25, and $9 respectively.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 8:01 pm

PAYX

Analysts have provided mixed ratings for Paychex (NASDAQ:PAYX) in the last quarter, with 1 somewhat bullish, 5 indifferent, and 3 somewhat bearish. The average price target is $122.78, indicating potential upside from the current price of $112.58. This average has increased by 0.75% from the previous target of $121.86.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 8:00 pm

DPZ

Oppenheimer analyst Brian Bittner has reiterated an Outperform rating on Domino's Pizza Inc (NYSE:DPZ), raising the price target to $450 from $427. Bittner views DPZ as an under-appreciated revival story into 2024 and has selected it as a top pick. He expects the company to drive positive earnings revisions, validate unit growth restoration, and repair investor sentiment. Bittner anticipates a positive revision cycle to begin in 4Q23 and a healthier algorithm in '24E/25E, with unit growth accelerating to 6%+.

Portfolio Pulse from Nabaparna Bhattacharya

September 26, 2023 | 7:53 pm

STVN

Stephens analyst Jacob Johnson initiated coverage on Stevanato Group SPA (NYSE:STVN) with an Overweight rating and a price target of $33. The analyst sees STVN as an industry leader in the glass containment solutions market and expects its free cash flow (FCF) to turn positive in FY25. Johnson also estimates revenue of €1,098.9 million and adjusted EPS of €0.61 for FY23, and revenue of €1,218.6 million and adjusted EPS of €0.68 for FY24.

Portfolio Pulse from Lekha Gupta

September 26, 2023 | 7:49 pm

SCHW

A significant amount of bearish options activity has been detected for Charles Schwab (NYSE:SCHW), with 67% of investors opening trades with bearish expectations. The total amount for puts is $1,563,139 and for calls is $375,988. Whales have been targeting a price range from $27.5 to $70.0 for Charles Schwab over the last 3 months. The current price of SCHW is down -2.2% at $54.13. Analysts from Raymond James, Barclays, and JMP Securities have maintained their ratings with price targets of $72, $64, and $77 respectively.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 7:46 pm

FCX

A significant investor has taken a bullish stance on Freeport-McMoRan (NYSE:FCX), with 70% of recent trades being bullish and 30% bearish. The targeted price range for the company over the last 3 months is $30.0 to $55.0. The current price of FCX is down -1.87% at $36.51. Morgan Stanley has maintained their Equal-Weight rating on Freeport-McMoRan, with a price target of $44.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 7:45 pm

WPC

W.P. Carey Inc's (WPC) shares are falling after several analysts lowered the price target on the company. This follows WPC's plan to exit office assets by spinning off 59 properties into Net Lease Office Properties (NLOP) and selling 87 retained properties. The spin-off is expected to close by November 2023 and the sale by January 2024. Analysts have expressed concerns about the timing and execution of the spin-off, expecting the new REIT to trade at a heavily discounted value and foreseeing a dividend reduction of 15%-20%.

Portfolio Pulse from Lekha Gupta

September 26, 2023 | 7:32 pm

CMCSA

A whale investor has taken a bullish stance on Comcast (NASDAQ:CMCSA), with 80% of the investors opening trades with bullish expectations and 20% with bearish. The whale has been targeting a price range from $42.5 to $47.5 for Comcast over the last 3 months. The price of CMCSA is currently down -1.44% at $44.23. JP Morgan has maintained their Neutral rating on Comcast, with a price target of $49.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 7:31 pm

SNAP

Snap Inc (NYSE:SNAP) shares are trading lower by 3.5% after HSBC initiated coverage on the stock with a Reduce rating and a $7.50 price target. The overall market weakness and concerns about future rate hikes following last Wednesday's FOMC statement and lower-than-expected initial jobless claims data are also contributing to the fall. The Federal Reserve maintained the federal funds rate within the 5.25% to 5.5% range at its September meeting.

Portfolio Pulse from Henry Khederian

September 26, 2023 | 7:21 pm

SLNO

Soleno Therapeutics Inc (NASDAQ:SLNO) released positive top-line results from a long-term treatment study of DCCR for Prader-Willi syndrome (PWS). Cantor Fitzgerald raised the price target on Soleno Therapeutics from $19 to $35, with an Overweight rating. The analysts believe the PWS market could hold significant appeal for Soleno Therapeutics and that the stock remains undervalued.

Portfolio Pulse from Vandana Singh

September 26, 2023 | 7:18 pm