Streetbeat News

Analyst Ratings

HCP

Needham analyst Alex Henderson reiterated a Buy rating on HashiCorp, Inc. (NASDAQ:HCP), raising the price target to $36 from $34. HashiCorp reported an Adjusted EPS loss of $(0.10) in Q2 FY24, beating the estimate of $(0.15). The company modestly raised guidance across the board, upping the growth outlook to 20%-21% for FY24. Henderson expects HCP to deliver solid margin leverage over time and believes that growth will rebound to 30%+ annually over the next several years.

Portfolio Pulse from Nabaparna Bhattacharya

September 01, 2023 | 5:56 pm

DSGX

The Descartes Systems Group Inc (NASDAQ:DSGX) is set to report Q2 FY24 earnings on September 6, 2023. Analysts from RBC Capital Markets expect Q2 to match consensus and anticipate that organic growth is stabilizing in the mid-single-digit range. They forecast Q2 revenue up 14% Y/Y to $141 million and an adjusted EBITDA of $60 million. The analysts also predict organic growth to slow from 7.0% Q1 to 5.5% Q2, stabilizing at 5.0-5.5% going forward. RBC maintains an Outperform rating with a price target of $95.

Portfolio Pulse from Vandana Singh

September 01, 2023 | 5:56 pm

EOSE

Guggenheim analyst Joseph Osha upgraded Eos Energy Enterprises Inc (NASDAQ:EOSE) to Buy from Neutral with a price target of $10. The upgrade follows Eos Energy's $400 million conditional loan commitment from the Department of Energy and the launch of Project AMAZE, a $500 million expansion for clean energy storage production. Despite potential challenges, the analyst believes Eos Energy's product portfolio is superior to other non-lithium-ion technology providers. B.Riley Securities and Stifel also increased their price targets for EOSE.

Portfolio Pulse from Lekha Gupta

September 01, 2023 | 5:51 pm

CSCO

NTNX

Nutanix Inc (NASDAQ:NTNX) reported better-than-expected Q4 FY23 earnings, leading to several analysts raising their price targets. The company's revenue increased by 28% Y/Y to $494.21 million, beating the consensus estimate of $475.16 million. Nutanix's board also authorized a share repurchase program of up to $350 million. Analysts are bullish on Nutanix's global strategic partnership with Cisco Systems Inc (NASDAQ:CSCO) related to simplifying hybrid multi-cloud and boosting business transformation.

Portfolio Pulse from Lekha Gupta

September 01, 2023 | 5:48 pm

UPS

A significant investor has taken a bullish stance on United Parcel Service (NYSE:UPS), with 50% of the investors opening trades with bullish expectations and 50% with bearish. The price target for UPS over the last 3 months ranges from $130.0 to $210.0. The current price of UPS is down -0.91% at $167.87. Barclays, Oppenheimer, BMO Capital, JP Morgan, and UBS have maintained their ratings on UPS with price targets ranging from $180 to $195.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:33 pm

DG

Piper Sandler analyst Peter Keith maintains a Neutral rating on Dollar General (NYSE:DG) and lowers the price target from $178 to $144.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 5:01 pm

CM

Canadian Imperial Bank (NYSE:CM) has received one somewhat bullish and three indifferent analyst ratings in the last quarter. The average 12-month price target for the company is $62.75, a decrease of 4.56% from the previous average of $65.75.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:01 pm

CIEN

Needham has maintained its Buy rating for Ciena (NYSE:CIEN) and increased its price target from $50.00 to $60.00. This new target price represents a 23.27% increase from the current share price. Despite this, Ciena's shares have traded down 2.61% over the last 24 hours.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:01 pm

PAHC

Phibro Animal Health (NASDAQ:PAHC) has received two bullish and two indifferent analyst ratings in the last quarter. The average 12-month price target for the company, according to four analysts, is $19.25, with a high of $21.00 and a low of $17.00. This average price target has increased by 6.94% over the past month.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:00 pm

BOKF

Over the past 3 months, 7 analysts have published indifferent opinions on BOK Financial (NASDAQ:BOKF) stock. The average 12-month price target for BOK Financial is $93.43, which has increased by 1.33% over the past month.

Portfolio Pulse from Benzinga Insights

September 01, 2023 | 5:00 pm