Streetbeat News

Analyst Ratings

DIS

Walt Disney Co (NYSE:DIS) plans to nearly double its investments in its theme parks, experiences and products segment over the next 10 years, totaling $60 billion. Bank of America analyst Jessica Reif Ehrlich maintains a Buy rating on Disney but lowered the price target from $135 to $110. Ehrlich believes that the recovery of Disney's theme parks post-COVID-19 has been impressive, with revenue and operating income surpassing pre-pandemic levels. However, she expects progress on Disney's four key priorities to take several quarters, if not years, to materialize.

Portfolio Pulse from Chris Katje

September 20, 2023 | 6:23 pm

DAL

A significant investor has taken a bullish stance on Delta Air Lines (NYSE:DAL), with 80% of recent trades being bullish and 20% bearish. The total amount for put options is $55,426 and for call options is $279,349. The targeted price range for Delta Air Lines over the last 3 months is from $30.0 to $43.0. The current price of DAL is down -0.65% at $39.2. Citigroup maintains their Buy rating on Delta Air Lines with a price target of $64.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 6:19 pm

DHI

A significant bearish stance has been taken on D.R. Horton (NYSE:DHI) by a large investor, as indicated by unusual options activity. 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 $105.0 to $125.0 for D.R. Horton over the last 3 months. Wedbush has downgraded its action to Neutral with a price target of $115, while Citigroup maintains their Buy rating with a price target of $140.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 6:19 pm

ADBE

NKE

QQQ

TSLA

Benzinga's AI-Portfolio, managed by ChatGPT, is now in 5th place after 20 weeks of a six-month series. The portfolio, which started with a hypothetical $10,000, is aiming to outperform Wall Street’s best portfolios. The portfolio's performance has improved from ninth place three weeks ago. Tesla Inc and Adobe Inc are the top performers in the portfolio, while Nike Inc is struggling with an 18.85% loss.

Portfolio Pulse from AJ Fabino

September 20, 2023 | 6:16 pm

ADDDF

NKE

ONON

Needham analyst Anna Andreeva initiated coverage on On Holding AG (ONON) with a Buy rating and a price target of $40. Despite anticipated door closures in EMEA creating a $25 million revenue headwind, the DTC business outpacing Wholesale is expected to drive upside to margins. The brand is still in the early stages of its growth lifecycle with potential for high-teens EBITDA margin. For FY23, revenues of $1.782 billion, with EBITDA of $267 million are expected.

Portfolio Pulse from Nabaparna Bhattacharya

September 20, 2023 | 6:15 pm

NKE

BofA Securities analyst Lorraine Hutchinson has reiterated a Neutral rating for Nike Inc (NYSE:NKE) and lowered the price target from $125 to $110. The analyst forecasts a 15% EPS growth but remains cautious due to uncertainty in China and the challenging U.S. wholesale environment. Nike's sportswear and footwear sales on Taobao and Tmall increased 8% in 1Q24. However, the analyst lowered Greater China constant currency sales forecast in 1Q to 10% due to volatile macroeconomic environment.

Portfolio Pulse from Shivani Kumaresan

September 20, 2023 | 6:05 pm

BTCUSD

DOGEUSD

LINKUSD

Crypto analyst firm Rekt Capital has analyzed the market trajectories of Bitcoin (BTC), Dogecoin (DOGE), and Chainlink (LINK). LINK has faced resistance and price drops, but shows signs of resilience and potential for a rebound. DOGE has displayed stable market behavior. BTC is in an early-stage bull market, but may still undergo a downward move.

Portfolio Pulse from Murtuza Merchant

September 20, 2023 | 6:02 pm

SNV

Synovus Finl (NYSE:SNV) has received a mix of bullish and indifferent ratings from analysts in the last quarter. The average price target is $36.12, representing an upside from the current price of $29.0. This average price target is a 0.06% decrease from the previous average of $36.14.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 6:00 pm

EGHT

Over the last quarter, 8x8 (NASDAQ:EGHT) has received 5 bullish and 2 indifferent analyst ratings. The company's average 12-month price target is $4.96, a 20.64% decrease from the previous average price target of $6.25.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 6:00 pm

MRVL

Marvell Tech (NASDAQ:MRVL) has received mostly bullish ratings from 14 analysts over the past quarter, with an average price target of $79.07, indicating a potential upside from the current price of $53.93. The average price target has increased by 18.69% from the previous average of $66.62.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 6:00 pm