Streetbeat News

Analyst Ratings

BMO Capital analyst Raj Ray has upgraded Anglogold Ashanti (NYSE:AU) from Market Perform to Outperform and raised the price target from $19 to $22.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 10:56 am

BABA

BIDU

FXI

Alibaba Group Holding Ltd (BABA) is undergoing a strategic shift under its new CEO, Eddie Wu, focusing on an AI-first approach and user experience. The company faces competition from ByteDance Ltd in social media and Baidu Inc (BIDU) in AI. Alibaba plans to prioritize AI-driven tech businesses, internet platforms, and its global commerce network. The company is also recovering from a tech crackdown imposed by Beijing and the departure of former CEO Daniel Zhang. Alibaba's shares traded lower by 0.56% at $88.21 premarket on Tuesday.

Portfolio Pulse from Anusuya Lahiri

September 12, 2023 | 10:47 am

AAPL

ORCL

QQQ

SPY

TSLA

WRK

The market outlook remains uncertain with stock index futures indicating a lower opening on Tuesday. Apple Inc. and Oracle Corp.'s guidance are influencing the tech sector sentiment. Traders are cautious ahead of the August consumer price inflation report. The Nasdaq Composite and S&P 500 recorded consecutive gains, while the Dow Industrials Average notched its third consecutive session of gains. Fund Strat predicts higher probabilities of gains this week. In premarket trading, the SPDR S&P 500 ETF Trust and the Invesco QQQ ETF moved down. Oracle, Apple, Tesla, and WestRock Company are in focus.

Portfolio Pulse from Shanthi Rexaline

September 12, 2023 | 10:47 am

FLJ

IIPR

LUXH

Four real estate stocks, FLJ Group Limited (NASDAQ:FLJ), LuxUrban Hotels Inc. (NASDAQ:LUXH), Innovative Industrial Properties, Inc. (NYSE:IIPR), and Hersha Hospitality Trust (NYSE:HT), are considered overbought according to their RSI values, suggesting they may be overvalued. FLJ Group's RSI is 70.54, LuxUrban Hotels' is 77.27, Innovative Industrial Properties' is 71.89, and Hersha Hospitality Trust's is 87.64.

Portfolio Pulse from Lisa Levin

September 12, 2023 | 10:47 am

ORCL

SAP

TSLA

US markets ended higher on Monday, with the Nasdaq boosted by Tesla's surge due to optimism around artificial intelligence. Asian markets were mixed, with gains in Japan and Australia, but declines in China and Hong Kong. European markets were also mixed, with SAP SE shares falling due to Oracle's weak revenue forecast. Commodities saw a rise in energy prices, while US futures traded in red. Investors are awaiting August CPI data for insights into the Federal Reserve's rate hike plans.

Portfolio Pulse from Akanksha Bakshi

September 12, 2023 | 10:42 am

AAPL

AMD

MSFT

NVDA

Several Wall Street analysts have given their ratings and price targets for top information technology stocks including Apple Inc., Microsoft Corporation, Advanced Micro Devices, Inc., and NVIDIA Corporation. The analysts have predicted upside potential for these stocks ranging from 21% to 55%. Recent news for these companies include the launch of Apple's iPhone 15 Pro models, Microsoft's collaboration with Paige for AI cancer detection, AMD's Q3 guidance below estimates, and NVIDIA's partnership with Tata Group for AI infrastructure advancement in India.

Portfolio Pulse from Lisa Levin

September 12, 2023 | 10:38 am

WEN

Wedbush analyst Nick Setyan has reiterated an Outperform rating on Wendy's (NASDAQ:WEN) and maintained a price target of $26.5.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 10:32 am

MDGL

HC Wainwright & Co. analyst Ed Arce has reiterated a 'Buy' rating on Madrigal Pharmaceuticals (NASDAQ:MDGL) and maintained a price target of $225.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 10:30 am

ABUS

HC Wainwright & Co. analyst Ed Arce has reiterated a 'Buy' rating on Arbutus Biopharma (NASDAQ:ABUS), maintaining a price target of $6.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 10:27 am

ARDX

HC Wainwright & Co. analyst Ed Arce has reiterated a 'Buy' rating on Ardelyx (NASDAQ:ARDX) and maintained a $9 price target.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 10:26 am