Streetbeat News

Analyst Ratings

TSM

A significant amount of bearish options activity has been observed for Taiwan Semiconductor (NYSE:TSM). Of the 10 unusual trades detected, 70% were bearish and 30% bullish. The total amount for the 4 put trades was $961,823, while the 6 call trades amounted to $365,501. Whales have been targeting a price range from $55.0 to $95.0 for TSM over the last 3 months. The current price of TSM is up 0.53% at $91.7, with RSI indicators suggesting the stock may be approaching overbought territory.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:47 pm

SGEN

A whale investor has taken a bullish stance on Seagen (NASDAQ:SGEN), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $155.0 to $210.0 for Seagen over the last 3 months. The price of SGEN is up 0.47% at $206.91, with RSI indicators suggesting the stock may be overbought. Next earnings are expected in 42 days.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:47 pm

AAPL

SMTC

Semtech Corporation (SMTC) has been upgraded to Positive from Neutral by Susquehanna analyst Christopher Rolland, who maintained a price target of $30. The company's Q2 net sales increased 0.8% sequentially and 13.9% YoY. Rolland believes the stock has an underappreciated AI optical angle and is benefiting from a potential China IoT module ban. He also suggests a turnaround plan for the stock, including cost-cutting, reinvestment in high ROI products, and deleveraging through asset sales. Rolland also mentioned that Apple Inc (AAPL) wins should benefit proximity/protection.

Portfolio Pulse from Nabaparna Bhattacharya

September 14, 2023 | 5:42 pm

NFLX

Benchmark analyst Matthew Harrigan reiterated a Sell rating for Netflix Inc (NASDAQ:NFLX) with a $293 price target. The streaming giant's CFO, Spencer Neumann, noted the company's need to maintain a balance between revenue growth and margin improvement. The analyst sees operating margin improving by 2.0% this year, 2.1% in 2024, and 1.8% in 2025. Neumann also suggested only muted 3Q23 and 4Q23 ARM improvements. Netflix is making progress in advertising and remains favorably positioned for scripted programming delivery.

Portfolio Pulse from Anusuya Lahiri

September 14, 2023 | 5:38 pm

GSK

MRNA

SNY

Moderna Inc (MRNA) conducted an R&D Day event outlining its strategic initiatives across four key areas. The company's Phase 3 seasonal influenza vaccine met the non-inferiority threshold required for approval, paving the way for a combination vaccine. Moderna aims for up to 15 product launches across the four verticals over the next five years, targeting annual sales of $10 billion-$15 billion by 2028 in oncology, rare disease, and latent disease sectors. They also anticipate revenues of $8 billion-$15 billion from the respiratory franchise by 2027. Goldman Sachs sees this as a transition beyond a COVID-centric business for Moderna.

Portfolio Pulse from Vandana Singh

September 14, 2023 | 5:23 pm

ON

A significant investor has taken a bearish stance on ON Semiconductor (NASDAQ:ON), with 72% of detected trades being bearish. The trades include 7 puts totaling $597,535 and 4 calls totaling $244,970. The targeted price range for ON Semiconductor over the last 3 months is from $80.0 to $96.0. The current price of ON is $96.69, down -0.14%.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:17 pm

PLTR

A significant bearish stance has been taken on Palantir Technologies (NYSE:PLTR) by a large investor, as observed in the unusual options activity. The overall sentiment of these big-money traders is split between 45% bullish and 54% bearish. The whales have been targeting a price range from $12.0 to $20.0 for Palantir Technologies over the last 3 months. Morgan Stanley has downgraded its action to Underweight with a price target of $9.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:17 pm

FSLR

BMO Capital Markets analyst Ameet Thakkar has upgraded First Solar, Inc (NASDAQ:FSLR) to Outperform with an unchanged price target of $237. Thakkar notes that despite falling global prices for solar modules, FSLR is steadily building sales volumes. The analyst also applauds FSLR's announcement of a 5 GW order from solar developer Energix. Thakkar adds that the recent weakness in FSLR shares presents an attractive entry point. FSLR share price has declined 18% since its 2Q earnings call compared to 3% for the S&P 500 over this timeframe.

Portfolio Pulse from Nabaparna Bhattacharya

September 14, 2023 | 5:05 pm

BA

RTX

BofA Securities analyst Ronald Epstein has downgraded RTX Corporation's shares to Underperform from Neutral and lowered the price target from $95 to $75. This is due to anticipated cash headwinds of around $3 billion from 2023-2025, caused by issues with the Pratt & Whitney GTF fleet. The analyst believes RTX will underperform until there is a clearer understanding of the necessary fixes, customer concessions, and organizational changes. The analyst also highlighted that Boeing Company took two separate charges related to 737 MAX customer concessions, with the final charge ending up 47% higher than originally anticipated.

Portfolio Pulse from Shivani Kumaresan

September 14, 2023 | 5:03 pm

VZ

Verizon Communications (NYSE:VZ) has seen unusual options activity, with over 10 trades summing to $341,088. Whales have been targeting a price range from $33.0 to $35.0 for Verizon over the last 3 months. The price of VZ is up 1.05% at $34.22. Citigroup upgraded its action to Buy with a price target of $40, while Oppenheimer downgraded its action to Outperform with a price target of $43.

Portfolio Pulse from Benzinga Insights

September 14, 2023 | 5:01 pm