Streetbeat News

Analyst Ratings

PMTS

B. Riley Securities analyst Harold Goetsch has initiated coverage on CPI Card (NASDAQ:PMTS) with a Buy rating and a price target of $31.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 8:31 am

APOG

AZO

SCS

SFIX

X

AutoZone, Stitch Fix, Apogee Enterprises, United States Steel Corporation, and Steelcase are the stocks to watch on Tuesday. AutoZone is expected to report quarterly earnings of $45.18 per share on revenue of $5.62 billion and announced leadership changes. Stitch Fix reported a wider-than-expected loss for its fourth quarter, while sales topped estimates. Apogee Enterprises is expected to have earned $1.12 per share on revenue of $372.01 million. United States Steel Corporation issued an upbeat profit forecast for the current quarter. Steelcase is expected to post quarterly earnings at 20 cents per share on revenue of $828.82 million.

Portfolio Pulse from Lisa Levin

September 19, 2023 | 8:17 am

KNTE

Piper Sandler analyst Christopher Raymond has downgraded Kinnate Biopharma from Overweight to Neutral and lowered the price target from $20 to $4.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 8:00 am

DELL

Daiwa Capital analyst Louis Miscioscia has upgraded Dell Technologies (NYSE:DELL) from Neutral to Outperform and raised the price target from $50 to $80.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 7:57 am

LCID

TSLA

Lucid Group's electric drive system has been praised by automotive engineer and tear-down expert Sandy Munro, who stated that it is the only system he has seen that can beat Tesla's drive motor. Despite facing challenges in ramping up production and selling its high-end EVs in a tough economic climate, Lucid has managed to keep operations going with the help of its Saudi promoters. The company's shares ended Monday's session down 4.73% at $5.64.

Portfolio Pulse from Shanthi Rexaline

September 19, 2023 | 7:55 am

GMED

Stifel analyst Mathew Blackman has upgraded Globus Medical (NYSE:GMED) from Hold to Buy and announced a price target of $61.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 7:55 am

APOG

AZO

CGC

SCS

The CNN Money Fear and Greed index showed a decline in overall sentiment among U.S. investors. The Federal Reserve is expected to keep rates on hold in its upcoming policy meeting. Canopy Growth Corporation entered into subscription agreements with institutional investors. The NAHB/Wells Fargo Housing Market Index fell for a second month. The S&P 500 and Dow Jones closed higher, while investors await earnings results from AutoZone, Apogee Enterprises, and Steelcase.

Portfolio Pulse from Lisa Levin

September 19, 2023 | 7:21 am

DAVA

Endava plc (NYSE:DAVA) is expected to report lower Q4 earnings at 56 cents per share, down from 61 cents per share a year ago. The company's revenue might be $233.43 million, up from $217.44 million in the year-ago period. Endava shares fell 2.3% to close at $51.00 on Monday. Analysts from Morgan Stanley, Deutsche Bank, Citigroup, and Wedbush have recently adjusted their price targets for the company.

Portfolio Pulse from Lisa Levin

September 19, 2023 | 6:45 am

TSLA

Ark Invest founder Cathy Wood has expressed her bullish stance on Tesla, Inc. (NASDAQ:TSLA), particularly in relation to the company's potential in autonomous driving technology. She stated that a third of Tesla's bear-case 2027 price target of $1,400 is associated with EVs and scaling them, while two-thirds is around autonomous and autonomous taxi platforms. Wood also highlighted Tesla's leading position in the U.S. in terms of autonomous driving and robotaxi platforms, and noted that the risks surrounding Tesla’s autonomous driving tech and robotaxis are decreasing.

Portfolio Pulse from Shanthi Rexaline

September 19, 2023 | 6:03 am