Streetbeat News

Analyst Ratings

GS

Solomon, presumably from Goldman Sachs (GS), has expressed optimism about the current state of the capital markets and the IPO market in particular.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 8:29 pm

GS

Goldman Sachs CEO, Solomon, has identified an opportunity for the company in the private credit sector.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 8:26 pm

BRZE

Braze (NASDAQ:BRZE) reported Q2 earnings per share (EPS) of $(0.04), beating the analyst consensus estimate of $(0.14) by 71.43%. This is a 75% increase over losses from the same period last year. The company also reported quarterly sales of $115.11 million, beating the analyst consensus estimate of $108.63 million by 5.96%. This is a 33.64% increase over sales from the same period last year.

Portfolio Pulse from Happy Mohamed

September 07, 2023 | 8:24 pm

ZUMZ

Zumiez reported Q2 losses of $(0.44) per share, beating the analyst consensus estimate of $(0.67) by 34.33%. Quarterly sales were $194.44 million, surpassing the analyst consensus estimate of $190.16 million by 2.25%. However, this represents a decrease from the same period last year, with earnings down 375% and sales down 11.62%.

Portfolio Pulse from Benzinga Newsdesk

September 07, 2023 | 8:09 pm

BTCUSD

MSTR

Mexican billionaire, Don Ricardo Salinas Pliego, has revealed his investment strategy, which includes significant emphasis on Bitcoin (BTC), MicroStrategy (MSTR), mining corporations, oil businesses, and gold mining ventures. Salinas criticized Grayscale's investment vehicle and expressed concerns over currency debasement due to unchecked money printing by federal institutions. He confirmed that his liquid portfolio predominantly consists of Bitcoin, MicroStrategy, mining entities, oil corporations, and gold miners.

Portfolio Pulse from Murtuza Merchant

September 07, 2023 | 8:00 pm

EA

Electronic Arts Inc.'s (NASDAQ:EA) stock price is currently at $121.29, after a 0.32% increase. However, the stock has decreased by 0.80% over the past month and by 5.93% over the past year. The company's P/E ratio of 37.31 is higher than the aggregate P/E ratio of the Entertainment industry (33.02), suggesting that the stock may be overvalued.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 8:00 pm

CHPT

Needham analyst Chris Pierce maintained a Buy rating for ChargePoint Holdings Inc (NYSE:CHPT) but lowered the price target from $13 to $9. The re-rating reflects 2Q results, company commentary, lower estimates, and a lower target multiple. Economic uncertainty and delays in vehicle electrification have driven CHPT revenue estimates lower for the third consecutive quarter. Despite this, Pierce views CHPT as a key player in EV adoption. However, slower growth in CHPT revenue despite faster EV adoption is lowering investor confidence.

Portfolio Pulse from Anusuya Lahiri

September 07, 2023 | 7:57 pm

AI

C3.ai Inc (NYSE:AI) reported Q1 results with top and bottom-line beats, overshadowed by gross margin weakness and mixed guidance. Total revenue was $72.4 million, above the Street’s $71.6 million estimate. Non-GAAP gross margin was 68.6%, below the Street’s 73.1% estimate. The company lowered its operating income guidance to ($100.0) million - ($70.0) million. Wedbush analyst Daniel Ives maintained an Outperform rating but lowered the price target from $50 to $42. AI shares traded lower by 12.8%.

Portfolio Pulse from Anusuya Lahiri

September 07, 2023 | 7:35 pm

ATVI

A significant bearish stance has been taken on Activision Blizzard (NASDAQ:ATVI) by a large investor, as observed in the publicly available options history. The overall sentiment of these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $70.0 to $95.0 for Activision Blizzard over the last 3 months. The price of ATVI is currently down -0.02% at $92.05.

Portfolio Pulse from Benzinga Insights

September 07, 2023 | 7:34 pm

ADI

AMD

GFS

INTC

MU

ON

At the Citi Global Technology Conference, Citi analyst Christopher Danely reiterated his neutral rating on Intel (INTC) with a price target of $34.00. He was positive about Intel's 3Q23 performance and expects server share to stabilize in 2024. However, he noted China's sluggish demand could impact 4Q23 guidance. Danely's top pick is Micron Technology (MU) due to a turnaround in DRAM pricing. Other buy-rated companies include ON Semiconductor (ON), Advanced Micro Devices (AMD), Analog Devices (ADI), and GlobalFoundries (GFS).

Portfolio Pulse from Anusuya Lahiri

September 07, 2023 | 7:31 pm