Streetbeat News

Analyst Ratings

PL

Citigroup analyst Jason Gursky maintains a Buy rating on Planet Labs (NYSE:PL) but lowers the price target from $6 to $4.9.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 4:28 pm

GWRE

Shares of Guidewire Software Inc. (GWRE) are trading higher after several analysts increased their price targets on the stock following the company's Q4 results.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 4:24 pm

GPC

Evercore ISI Group has maintained its 'In-Line' rating on Genuine Parts (NYSE:GPC) and raised the price target from $160 to $165.

Portfolio Pulse from richadhand@benzinga.com

September 08, 2023 | 4:23 pm

ARMK

B of A Securities analyst Gary Bisbee has maintained a 'Buy' rating on Aramark (NYSE:ARMK), but lowered the price target from $48 to $47.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 4:22 pm

CDNS

Cadence Design Sys's (NYSE:CDNS) short percent of float has risen 11.21% since its last report, with 2.43 million shares sold short, which is 1.19% of all regular shares available for trading. It would take traders 2.05 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 3.46%.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 4:15 pm

IT

Gartner's (NYSE:IT) short percent of float has risen 6.79% since its last report, with 1.16 million shares sold short, which is 1.73% of all regular shares available for trading. It would take traders 2.22 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Gartner's peer group average for short interest as a percentage of float is 2.24%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 4:15 pm

IBM

IBM's short percent of float has risen 5.88% since its last report, with 27.89 million shares sold short, representing 3.06% of all regular shares available for trading. This increase in short interest could indicate a bearish market sentiment towards IBM. However, it's also noted that increasing short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 4:15 pm

ESS

Essex Property Trust's shares are trading lower following downgrades by analysts from Truist and Citigroup.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 4:10 pm

LTRX

Roth MKM analyst Scott Searle maintains a 'Buy' rating on Lantronix (NASDAQ:LTRX) and raises the price target from $10.5 to $12.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 4:09 pm

TREX

B. Riley Securities analyst Alex Rygiel has maintained a 'Buy' rating on Trex Co (NYSE:TREX) and raised the price target from $81 to $87.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 4:07 pm