Streetbeat News

Analyst Ratings

BTCUSD

Crypto analyst Michaël van de Poppe predicts a 'final correction' in Bitcoin's value, anticipating a dip of about 10% from its current value. He views this as an opportunity for long-term investors to increase their Bitcoin holdings. He also highlighted upcoming developments in the crypto space, including Bitcoin's spot ETFs and the expected introduction of ETH Futures ETFs. Despite the potential dip, he remains bullish about Bitcoin's long-term prospects due to growing institutional interest.

Portfolio Pulse from Bibhu Pattnaik

September 09, 2023 | 6:20 pm

AAPL

DIS

NKLA

TSLA

Major indices faced a challenging week with the Dow, Nasdaq, and S&P experiencing declines. WTI crude hit a 10-month high due to Saudi Arabia and Russia's decision to extend production cuts, sparking inflation and interest rate concerns. Tesla is returning to the Detroit Auto Show, emphasizing its dominant position in the EV market. Goldman Sachs reduced its U.S. recession risk to 15%, citing strong economic fundamentals. Shiba Inu's Shibarium surpassed 1M wallets two weeks post-launch. Daniel Niles plans to short Apple stock due to potential threats from Huawei's new Mate60 Pro and China's expanding ban on foreign phones. Nikola Corp's semi truck's lithium-ion battery caught fire, marking the company's third such incident this year. Disney modified its lawsuit against Florida Governor Ron DeSantis, focusing solely on its "First Amendment" claim.

Portfolio Pulse from Michael Cohen

September 09, 2023 | 4:51 pm

FSR

HMC

LCID

NKLA

TSLA

The week ending on Sept. 8 saw a general downtrend in electric vehicle (EV) stocks, with some exceptions like Tesla. Key events included Tesla's Giga Shanghai plant producing its 2 millionth vehicle, and the company's focus on robotaxis. Deutsche Bank flagged risks to Tesla's Q3 production and deliveries. Lucid Group's CEO was reported as the highest paid automotive CEO in 2022, while the company struggles with production and deliveries. Fisker plans to increase production of its Ocean electric SUV. Nikola faced more fire incidents with its Trey electric semi-trucks. Honda adopted Tesla's North American Charging Standard for its future EV models.

Portfolio Pulse from Shanthi Rexaline

September 09, 2023 | 2:40 pm

AMZN

SHOP

Ark Investment Management analyst Andrew Kim sees the new partnership between Amazon.com Inc. (AMZN) and Shopify Inc (SHOP) as beneficial for both parties. The agreement allows Shopify merchants to offer 'Buy with Prime' for payment processing and fulfillment, providing Amazon with a new customer acquisition channel and higher fulfillment revenue. Shopify merchants will gain access to Amazon’s fulfillment network while retaining control of their customer and transaction data.

Portfolio Pulse from Anan Ashraf

September 09, 2023 | 7:21 am

TRP

Over the past 3 months, 7 analysts have published their opinion on TC Energy (NYSE:TRP) stock. The average price target is $55.0, implying an upside from the current price of $35.97. This average has decreased by 12.93% from the previous average price target of $63.17.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 9:00 pm

JNJ

In the last quarter, Johnson & Johnson (NYSE:JNJ) received 18 analyst ratings, with 9 being somewhat bullish and 9 indifferent. The company's average 12-month price target is $189.89, which has increased by 5.76% over the past month.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 9:00 pm

ACGL

Arch Capital Group (NASDAQ:ACGL) has received 7 somewhat bullish and 2 indifferent analyst ratings in the last quarter. The company has an average 12-month price target of $89.0, with a high of $98.00 and a low of $80.00. The average price target has increased by 5.11% over the past month.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 9:00 pm

CMG

Analysts have given Chipotle Mexican Grill (NYSE:CMG) mostly bullish ratings in the last quarter, with an average price target of $2244.04, indicating potential upside from the current price of $1945.1. The average price target has increased by 4.11% over the past month.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 9:00 pm

PSX

Unusual options activity has been observed for Phillips 66 (NYSE:PSX), with a large position indicating a bullish stance. The sentiment among these big-money traders is 70% bullish and 30% bearish. The targeted price range for Phillips 66 over the last 3 months is from $105.0 to $150.0. The current price of PSX is up 2.93% at $122.23. Analysts from Goldman Sachs, Wells Fargo, Mizuho, and Argus Research have maintained their ratings on Phillips 66, with price targets ranging from $127 to $144.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 8:45 pm

DIS

A report has detailed a rift between Bob Iger and former Disney CEO Bob Chapek, including a disagreement over office space. Iger, who returned to the CEO role in November 2022, has admitted that picking Chapek as his successor was a mistake. Under Iger's leadership, Disney saw strong stock performance and completed acquisitions of Marvel, Pixar, and Lucasfilm. However, Chapek's tenure was marked by disappointing returns and controversies. With Chapek out of the picture, Iger is now in full control of the company. Disney shares have hit 10-year lows and there are speculations about potential sell-offs of non-core business segments or a possible acquisition by a larger company like Apple.

Portfolio Pulse from Chris Katje

September 08, 2023 | 8:40 pm