Streetbeat News

Analyst Ratings

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

DOCU

GBTC

GME

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

CRM

In the last quarter, Salesforce (NYSE:CRM) received 38 analyst ratings, with the majority being bullish or somewhat bullish. The company's average 12-month price target has increased by 5.96% to $253.82, with a high of $280.00 and a low of $220.00.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 8:00 pm

ARKK

ARKQ

ARKW

TSLA

Cathie Wood, CEO of Ark Invest, believes that Tesla's upcoming Cybertruck will expand the truck market. She also mentioned that regional preferences could be a factor hindering the wider adoption of Tesla vehicles. Wood noted that Ford and General Motors expanding Tesla’s charging network could help Tesla gain share in the Midwest. The impact of partnerships Tesla has signed with Ford and GM on licensing revenue or financial impact is unclear. Tesla remains a top-five holding in the Ark Innovation ETF, Ark Next Generation Internet ETF and Ark Autonomous Technology & Robotics ETF.

Portfolio Pulse from Chris Katje

September 01, 2023 | 7:58 pm

CGC

CRLBF

CURLF

GTBIF

MJUS

MSOS

TCNNF

TLRY

The Department of Health and Human Services (HHS) has suggested that the DEA reclassify cannabis as a Schedule III controlled substance, triggering a rally in cannabis stocks. Zuanic & Associates (Z&A), a leading cannabis equity research firm, has outlined potential scenarios for the future of the cannabis market. Stocks and ETFs such as AdviserShares Pure US Cannabis ETF (NYSE:MSOS), the ETFMG Alternative Harvest ETF (NYSE:MJUS), Canopy Growth Corporation (NASDAQ:CGC), Curaleaf Holdings, Inc. (OTC:CURLF), Tilray, Inc. (NASDAQ:TLRY), Cresco Labs, Inc. (OTC:CRLBF), Green Thumb Industries Inc. (OTC:GTBIF), and Trulieve Cannabis Corp. (OTC:TCNNF) surged following the news.

Portfolio Pulse from Nicolás Jose Rodriguez

September 01, 2023 | 7:49 pm

A significant amount of unusual options activity has been observed for General Motors (NYSE:GM), with a bearish stance taken by a majority of investors. The trades have targeted a price range from $28.0 to $40.0 for GM over the last 3 months. The current price of GM is $33.45, down by 0.16%. RBC Capital has downgraded its action to Outperform with a price target of $48.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 7:33 pm

RACE

A significant bearish stance has been taken on Ferrari (NYSE:RACE) by a large investor, as indicated by unusual options trades. The sentiment among these big-money traders is 7% bullish and 92% bearish. The targeted price range for Ferrari over the last 3 months has been $280.0 to $380.0. The current price of RACE is down -3.03% at $308.1. Bernstein and Jefferies have maintained their Market Perform and Hold ratings respectively, both with a price target of $300. UBS has maintained their Buy rating with a price target of $375.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 7:33 pm