Streetbeat News

Analyst Ratings

JD

Benzinga's options scanner detected over 10 options trades for JD.com (NASDAQ:JD) totaling $463,589. Whales have been targeting a price range from $30.0 to $50.0 for JD.com over the last 3 months. The price of JD is up 0.09% at $32.37. JP Morgan, Susquehanna, B of A Securities, Loop Capital, and Citigroup have all maintained their ratings on JD.com with price targets ranging from $38 to $64.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 7:30 pm

AMZN

GOOG

GOOGL

Mizuho analyst James Lee predicts that Gen-AI trends will accelerate cloud migration, benefiting Amazon and Alphabet. He expects the migration cycle to accelerate from 10 years to 5 years, increasing from 15%-20% currently to 75%. Lee maintains AWS as his top pick with a price target of $180 and a buy on Alphabet with a price target of $155.

Portfolio Pulse from Anusuya Lahiri

September 08, 2023 | 7:26 pm

CMG

Wedbush analyst Nick Setyan has reiterated an Outperform rating on Chipotle Mexican Grill (NYSE:CMG) and maintained a price target of $2200.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 7:25 pm

EVGO

RBC Capital Markets analyst Chris Dendrinos initiated coverage on EVgo Inc with a Sector Perform rating and a price target of $5. Dendrinos believes EVgo's strategy positions it to benefit from trends in vehicle electrification and demand for charging infrastructure. However, he is concerned that price competition and regulatory credits could impact margins and returns. He estimates revenue and adjusted EPS loss of $134.5 million and $(0.47) in FY23, $244.5 million and $(0.38) in FY24 and $331.5 million and $(0.27) in FY25.

Portfolio Pulse from Lekha Gupta

September 08, 2023 | 7:23 pm

CHTR

CMCSA

DIS

FUBO

GOOG

Benchmark analyst Matthew Harrigan reiterated a Buy rating for Charter Communications Inc (NASDAQ:CHTR) with a $575 price target. The current stock price reflects the uncertainty surrounding the programming dispute and carriage blackout with Walt Disney Co (NYSE:DIS). Harrigan suggests a combination of Charter and Disney could allow for skinny bundles without sports and include AVOD services in the overall bundle. The dispute could benefit virtual MVPDs, including Alphabet Inc's (NASDAQ: GOOG) (NASDAQ: GOOGL) YouTube TV, Hulu+ Live TV controlled by Disney with Comcast Corp (NASDAQ: CMCSA) negotiating an accelerated and favorable exit, and FuboTV Inc (NYSE: FUBO).

Portfolio Pulse from Anusuya Lahiri

September 08, 2023 | 7:21 pm

GIII

G-III Apparel Group reported strong Q2 FY24 earnings with sales growth of 9% YoY to $659.76 million, beating the analyst consensus. Gross profit rose 20.8% YoY to $276.6 million. Despite this, Telsey Advisory Group reiterated the Market Perform rating on G-III Apparel with the same price target of $22. The analyst praised GIII's efforts to grow its DTC penetration and strengthen its owned brand portfolio but expressed concern about GIII's wholesale exposure in the current operating environment.

Portfolio Pulse from Nabaparna Bhattacharya

September 08, 2023 | 7:20 pm

TEVA

Bank of America Securities has maintained a Buy rating on Teva Pharmaceutical Industries Ltd. This has resulted in a rise in Teva's stock prices.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 7:17 pm

WFC

Wells Fargo's (NYSE:WFC) short percent of float has fallen 3.61% since its last report, with 29.30 million shares sold short, which is 0.8% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Wells Fargo has less short interest as a percentage of float, with the average being 0.85%.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 7:15 pm

BKR

Baker Hughes's (NYSE:BKR) short percent of float has fallen 6.3% since its last report, with 14.91 million shares sold short, which is 2.23% of all regular shares available for trading. It would take traders 2.84 days to cover their short positions on average. Compared to its peers, Baker Hughes has less short interest as a percentage of float, with an average of 5.53%.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 7:15 pm

BRZE

Oppenheimer analyst Brian Schwartz maintains an 'Outperform' rating on Braze (NASDAQ:BRZE) and raises the price target from $42 to $52.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 7:10 pm