Streetbeat News

Analyst Ratings

WSO

Over the past 3 months, 7 analysts have published their opinion on Watsco (NYSE:WSO) stock. The average price target is $357.29, which is slightly below the current price of $360.4. The current average has increased by 10.41% from the previous average price target of $323.60.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 6:00 pm

TKO

Over the past 3 months, 5 analysts have published their bullish opinion on TKO Group Holdings (NYSE:TKO) stock. The average price target is $125.0, implying an upside from the current price of $84.395. This represents a 3.85% decrease from the previous average price target of $130.00.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 6:00 pm

KKR

In the last quarter, KKR & Co (NYSE:KKR) has received mostly bullish ratings from analysts, with 2 bullish, 9 somewhat bullish, and 2 indifferent ratings. Over the past 3 months, 13 analysts have offered 12-month price targets for KKR & Co, with an average price target of $72.69, a high of $91.00, and a low of $59.00. The average price target has increased by 9.44% over the past month.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 6:00 pm

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The article discusses the potential for institutional investors to migrate to cannabis stocks, with a focus on the recent HHS recommendation for rescheduling cannabis. It also covers the potential implications of the SAFE Banking Act and the impact of 280E tax provision on cannabis companies. The article features insights from executives of several cannabis companies including Glass House, TerrAscend, Verano, Village Farms, AdvisorShares' MSOS, 4Front, Trulieve, and Cresco Labs.

Portfolio Pulse from Todd Harrison

September 22, 2023 | 5:40 pm

BKNG

A whale investor has taken a bearish stance on Booking Holdings (NASDAQ:BKNG), with 58% of the investors opening trades with bearish expectations. The whale activity has been targeting a price range from $2800.0 to $3800.0 for Booking Holdings over the last 3 months. The price of BKNG is currently up 1.57% at $3084.06, with RSI indicators suggesting the stock may be approaching overbought. The next earnings are expected to be released in 40 days.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 5:31 pm

MELI

A significant bearish stance has been taken on MercadoLibre (NASDAQ:MELI) by a large investor, as indicated by a large position in options. The overall sentiment of these big-money traders is split between 28% bullish and 71% bearish. The whales have been targeting a price range from $900.0 to $1680.0 for MercadoLibre over the last 3 months. UBS and Susquehanna have maintained their Buy and Positive ratings on MercadoLibre respectively, while New Street Research upgraded its action to Buy.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 5:30 pm

NOMD

Nomad Foods has been added to the Forbes Investor Master Buy List, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 5:20 pm

ABT

Abbott Laboratories' stock has decreased by 5.46% over the past month and by 1.33% over the past year. The company's price-to-earnings (P/E) ratio is lower than the aggregate P/E of the Health Care Equipment & Supplies industry, which could indicate that the stock is undervalued. However, a lower P/E can also suggest that shareholders do not expect future growth. The P/E ratio should be used in conjunction with other financial metrics and qualitative analysis for investment decisions.

Portfolio Pulse from Benzinga Insights

September 22, 2023 | 5:15 pm

WMG

Citigroup analyst Jason Bazinet has reiterated a Neutral rating on Warner Music Gr (NASDAQ:WMG) and maintained a $34 price target.

Portfolio Pulse from Benzinga Newsdesk

September 22, 2023 | 5:14 pm

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JPM

JPMorgan's recent research report indicates that the Shanghai upgrade for Ethereum hasn't spurred the anticipated surge in activity on the blockchain. Despite the transition from proof-of-work to proof-of-stake reducing Ethereum's energy consumption by over 99%, the expected uptick in network activity hasn't materialized. The bank's findings show a 12% decline in Ethereum's daily transactions, a nearly 20% drop in daily active addresses, and an almost 8% decrease in the total value locked in decentralized finance on the blockchain since the upgrade.

Portfolio Pulse from Murtuza Merchant

September 22, 2023 | 5:13 pm