Streetbeat News

Analyst Ratings

CFLT

Confluent (NASDAQ:CFLT) has received 16 analyst ratings in the last quarter, with 8 being bullish, 4 somewhat bullish, and 4 indifferent. The average price target is $39.81, indicating an upside from the current price of $33.25. This average has increased by 31.69% from the previous average price target of $30.23.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 9:00 pm

BIL

LQD

SGOV

Salman Ahmed, the global head of macro and strategic asset allocation at Fidelity International, warns of a potential recession in 2024 due to a wave of corporate debt refinancing. He suggests that the Federal Reserve's tightening of monetary policy and higher real interest rates could lead to an economic downturn. In anticipation, Fidelity International has adjusted its cash weighting and shifted to overweight. Cash-like ETFs such as SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) and iShares 0-3 Month Treasury Bond ETF (SGOV) saw a sharp influx of money in August. The firm also prefers investment-grade credit, as tracked by the iShares iBoxx $ Inv Grade Corporate Bond ETF (LQD), over high-yield credit.

Portfolio Pulse from Piero Cingari

September 01, 2023 | 8:44 pm

GOOGL

A significant bearish stance on Alphabet (NASDAQ:GOOGL) has been observed through unusual options activity. The sentiment among these big-money traders is split between 44% bullish and 55% bearish. The whales have been targeting a price range from $40.0 to $210.0 for Alphabet over the last 3 months. The price of GOOGL is currently down -0.37% at $135.66. Several experts have downgraded their actions on Alphabet with varying price targets.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 8:18 pm

NEE

A significant bearish stance has been taken on NextEra Energy (NYSE:NEE) by a large investor, as observed from publicly available options history. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $50.0 to $77.5 for NextEra Energy over the last 3 months. Morgan Stanley and JP Morgan have maintained their Overweight rating on NextEra Energy, with price targets of $90 and $80 respectively.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 8:18 pm

AMZN

A significant bearish stance on Amazon.com (NASDAQ:AMZN) has been observed through unusual options activity. The sentiment among these big-money traders is split between 40% bullish and 59% bearish. The whales have been targeting a price range from $70.0 to $200.0 for Amazon.com over the last 3 months. Current price of AMZN is $138.12. JP Morgan, Needham, and Barclays maintain positive ratings on Amazon, while Exane BNP Paribas and Wedbush have neutral ratings.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 8:18 pm

F

TSLA

Former Ford CEO commented on Tesla's latest price cuts on CNBC, stating that Tesla clearly has a demand issue.

Portfolio Pulse from Happy Mohamed

September 01, 2023 | 8:17 pm

AI

DOCU

GBTC

GME

KR

MSOS

The Federal Reserve is expected to hold steady on interest rates in September, according to 93% of investors. A federal appeals court has overturned the SEC's rejection of Grayscale Investments' application to convert its Grayscale Bitcoin Trust into a spot ETF, causing Bitcoin to surge. The Department of Health and Human Services has recommended that cannabis be reclassified from a Schedule I to a Schedule III drug, causing cannabis stocks to soar. In the coming week, earnings reports from C3.ai Inc, GameStop Corp, Docusign Inc, and Kroger Co will be closely watched.

Portfolio Pulse from Dustin Blitchok

September 01, 2023 | 8:10 pm

HZNP

A significant investor has taken a bearish stance on Horizon Therapeutics (NASDAQ:HZNP), with 70% of detected trades showing bearish expectations. The majority of trades are calls, with a total amount of $4,816,733. Whales have been targeting a price range from $80.0 to $115.0 for Horizon Therapeutics over the last 3 months. The price of HZNP is currently up 2.23% at $115.25, but RSI indicators suggest the stock may be overbought.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 8:03 pm

KVUE

A significant bearish stance has been taken on Kenvue (NYSE:KVUE) as evidenced by unusual options activity. The overall sentiment of these big-money traders is 91% bearish, with 11 puts amounting to $15,225,986 and 1 call of $57,135. Whales have been targeting a price range from $21.0 to $30.0 for Kenvue over the last 3 months. RBC Capital and Goldman Sachs have given price targets of $29, with the former downgrading its action to Outperform and the latter upgrading to Buy.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 8:03 pm

LUNR

Over the past three months, four analysts have given bullish ratings to Intuitive Machines (NASDAQ:LUNR), predicting a positive performance for the stock. The average 12-month price target for the stock is $14.0, a decrease of 23.62% from the previous average price target of $18.33.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 8:00 pm