Streetbeat News

Analyst Ratings

PWR

Argus Research analyst John Staszak has maintained a 'Buy' rating on Quanta Services (NYSE:PWR) and raised the price target from $234 to $248.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 5:23 pm

AIP

Northland Capital Markets analyst Gus Richard has maintained an 'Outperform' rating on Arteris (NASDAQ:AIP) but lowered the price target from $16 to $14.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 5:21 pm

WIX

Analysts from JMP Securities and Benchmark reiterated their positive outlook on Wix.com Ltd (NASDAQ:WIX), with a price target of $130. They believe Wix can sustain low-teens growth driven by Partners and see potential for increased efficiency with AI integration. Wix's management is confident in achieving FY25 targets and expects GAAP operating profitability by the second half of FY24. Wix shares are currently trading higher by 1.64%.

Portfolio Pulse from Anusuya Lahiri

September 06, 2023 | 5:20 pm

ZS

Loop Capital analyst Yun Kim maintains a 'Hold' rating on Zscaler (NASDAQ:ZS) and raises the price target from $135 to $165.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 5:19 pm

DNLI

B. Riley Securities has initiated coverage on Denali Therapeutics with a Buy rating and a price target of $38. This has led to an increase in the trading of Denali Therapeutics shares.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2023 | 5:19 pm

ACI

KR

Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating on Kroger Company (NYSE:KR) with a price target of $55. Kroger's growth is expected to be driven by geographic expansion and digital initiatives. The company's acquisition of Albertsons Companies, Inc. (NYSE:ACI) is also expected to solidify its leadership in the U.S. grocery market. Feldman expects Kroger to report solid Q2 earnings on September 8, with an EPS of $0.92.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2023 | 5:17 pm

NKE

A significant bearish stance has been taken on Nike (NYSE:NKE) by a whale investor. Out of 15 unusual trades, 66% were bearish and 33% bullish. The total amount for puts was $602,434 and for calls was $96,814. The targeted price range for Nike over the last 3 months was $75.0 to $145.0. The current price of NKE is down -0.77% at $99.55. Stifel maintains a Buy rating on Nike with a price target of $135.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 5:17 pm

DE

A whale investor has taken a bearish stance on Deere (NYSE:DE), with 100% of the detected trades being bearish. The trades include 9 puts for a total of $380,403 and 2 calls for a total of $103,783. The price target for Deere over the last 3 months has been between $390.0 to $420.0. The current price of DE is down -0.78% at $411.2. Analysts from Stifel, UBS, Credit Suisse, JP Morgan, and Oppenheimer have maintained their ratings on Deere.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 5:17 pm

TEAM

A significant investor has taken a bearish stance on Atlassian (NASDAQ:TEAM), with 60% of recent trades being bearish and 40% bullish. The total amount for put options is $239,960 and for call options is $196,141. Whales have been targeting a price range from $160.0 to $195.0 for Atlassian over the last 3 months. The current price of TEAM is down -0.52% at $204.83. Citigroup maintains their Buy rating on Atlassian with a price target of $230.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 5:16 pm

CHTR

DIS

WBD

Macquarie analyst Tim Nollen maintained an Outperform rating on Warner Bros. Discovery, Inc (NASDAQ:WBD) with a $20 price target. WBD revised its FY23 adjusted EBITDA guidance due to ongoing writers' and actors' strikes. However, the company raised its FY23 FCF guidance due to cash cost savings and the box office success of Barbie. WBD is confident in achieving its target of <4x net debt/EBITDA by year-end FY23. The analyst also noted market anxieties over the state of the linear bundle on Walt Disney Co (NYSE:DIS) and Charter Communications, Inc (NASDAQ:CHTR) carriage dispute. Rosenblatt analyst Barton Crockett reiterated Warner Bros. Discovery with a Sell and a $10 price target.

Portfolio Pulse from Anusuya Lahiri

September 06, 2023 | 5:16 pm