Streetbeat News

Analyst Ratings

AVTA

Cantor Fitzgerald analyst Josh Siegler has downgraded Avantax (NASDAQ:AVTA) from Overweight to Neutral and lowered the price target from $27 to $26.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 8:28 am

TWNK

Truist Securities analyst Bill Chappell has downgraded Hostess Brands (NASDAQ:TWNK) from Buy to Hold and set a price target of $34.25.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 8:25 am

CTRE

RBC Capital analyst Michael Carroll has upgraded CareTrust REIT (NYSE:CTRE) from Sector Perform to Outperform and raised the price target from $19 to $23.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 8:22 am

ORCL

Piper Sandler analyst Brent Bracelin has reiterated an Overweight rating on Oracle (NYSE:ORCL) and maintained a price target of $130.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 8:18 am

AAPL

CGNT

EPM

INNV

QCOM

TSLA

US stocks closed higher on Monday, with the Nasdaq adding more than 1%. Tesla shares surged over 10% after Morgan Stanley upgraded the stock and raised the price target. Qualcomm shares rose around 4% after announcing a chip supply agreement with Apple. Investors are awaiting earnings results from Cognyte Software, Evolution Petroleum Corporation, and InnovAge Holding Corp.

Portfolio Pulse from Lisa Levin

September 12, 2023 | 7:04 am

TSLA

Tesla CEO Elon Musk has responded to Microsoft co-founder Bill Gates' skepticism about Tesla's electric semi-trucks, suggesting it was unfounded. Gates had previously stated that 18-wheeler trucks were not suitable for electric propulsion, especially for long-haul vehicles. Musk countered by pointing out that the Tesla Semi was already in use across the country. Tesla unveiled the semi-truck in 2017 and made its first deliveries to PepsiCo in December last year. Gates is short on Tesla, and Musk declined Gates’ philanthropic proposals in 2022 due to this position.

Portfolio Pulse from Anan Ashraf

September 12, 2023 | 5:56 am

TSLA

Tesla Inc's CEO, Elon Musk, stated that the company's long-term value will be driven by AI and robots. This follows a Morgan Stanley report that identified Tesla's custom supercomputer, Dojo, as a key driver for the company's long-term growth. Morgan Stanley analyst Adam Jonas upgraded his rating on Tesla from 'equal-weight' to 'overweight', increasing the price target by 60% to $400. Jonas believes that Dojo could add $500 billion to Tesla's enterprise value.

Portfolio Pulse from Anan Ashraf

September 12, 2023 | 3:08 am

DKNG

NVAX

ORCL

PFE

TSLA

U.S. stocks showed positive momentum with the Nasdaq Composite, Dow Jones Industrial Average, and S&P 500 index all rising. Oracle's stock increased by 0.31% with a first-quarter revenue of $12.45 billion, marking a 9% YoY growth. Tesla's stock surged by 10.09% with Morgan Stanley analyst Adam Jonas highlighting Tesla’s custom supercomputer, Dojo, as a potential game-changer. Novavax's stock declined by 12.88% as it awaits FDA approval for its COVID-19 vaccine. DraftKings' stock dipped by 0.19% following criticism for a “Never Forget” parlay promotion. Pfizer's stock declined by 0.91% as recent data indicates a rise in Pfizer’s short percent of float.

Portfolio Pulse from Benzinga Neuro

September 12, 2023 | 2:26 am

TSLA

Bill Gates reportedly admitted that Elon Musk was 'super mean' to him after he shorted Tesla Inc. (NASDAQ:TSLA) stock, resulting in a $1.5 billion loss. Musk accused Gates of betting on Tesla's failure during a vulnerable period and suggested that Gates might still hold a 'massive bet' against Tesla.

Portfolio Pulse from Ananya Gairola

September 12, 2023 | 1:57 am

AMZN

TSLA

Gordon Johnson, CEO at GLJ Research, has criticized Morgan Stanley's Adam Jonas for his optimistic analysis of Tesla, which includes an upgrade from Equal-Weight to Overweight with a $400 price target. Johnson, who has a $24 price target on Tesla, questioned the analysis due to Morgan Stanley's close ties with Tesla and Elon Musk. He also pointed out that Jonas's projections on Tesla's supercomputer, Dojo, are unverified and speculative. Tesla shares traded more than 10% higher on Monday.

Portfolio Pulse from AJ Fabino

September 11, 2023 | 9:08 pm