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Analyst Ratings

PLTR

Palantir Technologies Inc (NYSE:PLTR) shares have been volatile after trending lower over the past week. The company held its AIPCon last week, showcasing its Artificial Intelligence Platform (AIP) and announcing new partnerships. Despite a 3% fall since the event, Palantir shares are up more than 135% year-to-date. The recent pullback is likely due to a broader cooldown in AI-related stocks.

Portfolio Pulse from Adam Eckert

September 20, 2023 | 4:33 pm

AMZN

CART

DASH

UBER

WMT

Bernie McTernan at Needham & Company initiated coverage on Instacart (NASDAQ:CART) with a 'Hold' rating, citing concerns about the company's growth trajectory and the competitive landscape of the online grocery sector. McTernan sees a balanced risk-reward scenario for the stock, reflecting a forecasted growth slowdown after the pandemic's surge in demand. He also highlighted the intensifying competition from Uber Technologies (NYSE:UBER), DoorDash, Inc (NYSE:DASH), WalMart Inc (NYSE:WMT), and Amazon.com, Inc (NASDAQ:AMZN).

Portfolio Pulse from AJ Fabino

September 20, 2023 | 4:28 pm

AMGN

A significant bearish stance has been taken on Amgen (NASDAQ:AMGN) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 31% bullish and 68% bearish. The whales have been targeting a price range from $210.0 to $280.0 for Amgen over the last 3 months. The price of AMGN is up 2.45% at $270.79. Truist Securities downgraded its action to Hold with a price target of $260, Argus Research maintained their Buy rating with a price target of $280, and HSBC downgraded its action to Buy with a price target of $320.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 4:16 pm

CHTR

CMCSA

DIS

NFLX

Morgan Stanley analyst Benjamin Swinburne reiterated an Overweight rating on Walt Disney Co (NYSE:DIS) with a price target of $105. Disney plans to increase investment in the Disney Parks, Experiences, and Products ("DPEP") segment. The recent Charter Communications, Inc (NASDAQ: CHTR) agreement clarifies the path for ESPN. Disney's media assets are valued at roughly $50 billion, less than 1x sales, or 30% of Netflix Inc's (NASDAQ:NFLX) current enterprise value. Unconfirmed reports suggest Disney is considering selling a 30% stake in ESPN at a $25-35 billion valuation. The analyst expects Disney to move aggressively to optimize content monetization in the years ahead.

Portfolio Pulse from Anusuya Lahiri

September 20, 2023 | 4:14 pm

VCEL

J Capital Research has released a short report on Vericel Corporation (NASDAQ:VCEL), a company specializing in cartilage-repair and burn treatment products. Despite promising applications, Vericel has consistently underperformed, with losses each year since 1996, except for a $2.9 million profit in 2020. The company's market capitalization has grown by 38% to $1.7 billion, coinciding with an increase in losses over the past three years. Vericel's management continues to award itself generous stock-based compensation packages, despite the company's financial struggles.

Portfolio Pulse from Vandana Singh

September 20, 2023 | 4:04 pm

PDSB

HC Wainwright & Co. analyst Joseph Pantginis has reiterated a 'Buy' rating on PDS Biotechnology (NASDAQ:PDSB) and maintained a $21 price target.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 4:01 pm

AZO

AutoZone's stock price is trading higher after several firms increased their price targets following the company's Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 4:01 pm

DLR

In the last quarter, Digital Realty Trust (NYSE:DLR) received various analyst ratings, with the majority being bullish. The average 12-month price target for DLR over the past 3 months, according to 10 analysts, is $127.4, with a high of $140.00 and a low of $94.00. This average price target has increased by 1.42% over the past month.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 4:00 pm

LSCC

Lattice Semiconductor (NASDAQ:LSCC) has received 7 bullish analyst ratings in the last quarter, with an average price target of $118.29, indicating an upside from the current price of $86.43. The average price target has increased by 1.62% over the past month.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 4:00 pm

CTRA

Over the past 3 months, 11 analysts have published their opinion on Coterra Energy (NYSE:CTRA) stock. The average price target for Coterra Energy has increased by 4.39% from the previous average price target of $31.44 to $32.82. The analysts' ratings are generally positive with 4 bullish, 2 somewhat bullish, and 5 indifferent ratings.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 4:00 pm