Streetbeat News

Analyst Ratings

DG

Telsey Advisory Group analyst Joseph Feldman has downgraded Dollar Gen (NYSE:DG) from Outperform to Market Perform and lowered the price target from $185 to $145.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 8:08 am

ALLT

Needham analyst Alex Henderson has reiterated a 'Buy' rating on Allot (NASDAQ:ALLT) and maintained a price target of $4.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 8:07 am

CGNX

Needham analyst James Ricchiuti has reiterated a 'Buy' rating on Cognex (NASDAQ:CGNX) and maintained a price target of $55.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 8:06 am

CIEN

Needham analyst Alex Henderson maintains a Buy rating on Ciena (NYSE:CIEN) and raises the price target from $50 to $60.

Portfolio Pulse from Benzinga Newsdesk

September 01, 2023 | 8:05 am

BTCUSD

GBTC

Peter Schiff, a gold advocate, has expressed skepticism about Bitcoin, dismissing the idea that a Bitcoin ETF would fuel its adoption. He criticized CNBC for downplaying the fact that “gambling doesn’t count as a use case for a currency.” This comes after the U.S. Court of Appeals for the D.C. Circuit approved Bitcoin ETFs, siding with Grayscale Bitcoin Trust against the SEC.

Portfolio Pulse from Benzinga Neuro

September 01, 2023 | 1:36 am

DIS

Data analytics writer G. Elliott Morris, who writes for Walt Disney Co-owned ABC News and FiveThirtyEight, shared data of election primaries from 1972 to 2020 for presidential races of non-incumbents. The latest Morning Consult poll of Republican voters showed Trump with 58% of the vote and a lead of 44 points over the next leading candidate. Morris said Trump has anywhere from a 54% to 93% chance of winning the GOP nomination, with the real odds closer to 66%.

Portfolio Pulse from Chris Katje

August 31, 2023 | 11:33 pm

MMM

3M Co (NYSE:MMM) shares traded higher after Morgan Stanley upgraded the stock from Underweight to Equal-Weight following the company's earplug settlement. The price target was also raised from $102 to $113. The analyst noted a more balanced risk/reward for the company and anticipated the total liability to be roughly $18 billion in the bear case, $8.6 billion in the base case, and $5.3 billion in the bull case.

Portfolio Pulse from Ryan Gustafson

August 31, 2023 | 10:00 pm

BTCUSD

Crypto analyst Jamie Coutts predicts a significant surge in crypto inflows in 2024, with billions potentially unlocked from Retail, RIA, and Institutional capital into U.S.-based ETFs. This projection comes despite a decade of SEC regulatory challenges. The U.S. continues to be a dominant force in the Bitcoin Fund assets arena, with Grayscale leading. Coutts also noted the movements and strategies in Bitcoin active entities, suggesting recent activity might be in anticipation of the Grayscale ETF ruling.

Portfolio Pulse from Murtuza Merchant

August 31, 2023 | 8:54 pm

TLYS

Tilly's, a US-based retail company, has projected a loss per share of between $0.05 and $0.11 for Q3. This is in line with analysts' estimates of a $0.07 loss per share.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 8:36 pm

ARCE

Arco Platform (NASDAQ:ARCE) reported Q2 adjusted earnings of $0.24 per share, beating the analyst consensus estimate of $(0.09) by 364.44 percent. This is a 397.5 percent increase over losses of $(0.08) per share from the same period last year. However, the company's quarterly sales of $95.15 million missed the analyst consensus estimate of $101.22 million by 6.00 percent, though it's a 13.27 percent increase over sales of $84.00 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 8:30 pm