Streetbeat News

Analyst Ratings

MRVL

A significant bullish stance has been taken on Marvell Tech (NASDAQ:MRVL) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 70% bullish and 30% bearish. The whales have been targeting a price range from $52.5 to $85.0 for Marvell Tech over the last 3 months. The price of MRVL is up 0.82% at $57.81. B. Riley Securities and Morgan Stanley maintain their Buy and Equal-Weight ratings respectively, while Rosenblatt downgraded its action to Buy.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 5:16 pm

CDNS

A significant amount of unusual options activity has been observed for Cadence Design Sys (NASDAQ:CDNS), with a majority of investors taking a bearish stance. The price target range for the company, based on volume and open interest, is between $170.0 and $270.0. The current price of CDNS is $240.8, up 0.38%, and RSI indicators suggest the stock may be approaching overbought territory. Rosenblatt has downgraded its action to Buy with a price target of $250.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 5:16 pm

BTCUSD

DOGEUSD

ETHUSD

PEPEUSD

SHIBUSD

Crypto analyst Benjamin Cowen predicts a potential decline for Bitcoin (BTC) and Ethereum (ETH) in September, based on historical data and patterns. He suggests Bitcoin could drop to $23,000, with an average return for September historically being a negative 7.0%. Ethereum, often seen as an indicator for Bitcoin, has shown signs of weakness. Despite this, other cryptocurrencies like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE) may remain unaffected.

Portfolio Pulse from Murtuza Merchant

August 31, 2023 | 5:07 pm

ABT

Abbott Laboratories' (NYSE:ABT) short percent of float has risen 5.71% since its last report, with 12.77 million shares sold short, which is 0.74% of all regular shares available for trading. It would take traders 2.97 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.28%.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 5:00 pm

BF

RBC Capital has maintained its Sector Perform rating for Brown Forman Inc Class B Common Stock (NYSE:BF) but lowered its price target from $68.00 to $67.00. The shares are currently trading at $66.39, up 0.17% over the last 24 hours. A move to $67.00 would represent a 0.92% increase from the current share price.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 5:00 pm

CAMT

Camtek (NASDAQ:CAMT) has received mostly bullish ratings from analysts in the last quarter, with 5 bullish, 1 somewhat bullish, and 3 indifferent ratings. The average 12-month price target for the company has increased by 24.07% from the previous average, now standing at $52.11.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 5:00 pm

MTD

Mettler-Toledo Intl's (NYSE:MTD) short percent of float has fallen 12.45% since its last report, with 426 thousand shares sold short, which is 2.25% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Mettler-Toledo has less short interest.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 5:00 pm

ZTO

Bernstein has maintained its Outperform rating for ZTO Express (Cayman) (NYSE:ZTO) but lowered its price target from $36.00 to $31.00. ZTO's shares are currently trading up 2.08% at $25.00 per share. A move to $31.00 would represent a 24.0% increase from the current share price.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 5:00 pm

BRZE

BTIG has maintained its Buy rating for Braze (NASDAQ:BRZE) and increased its price target from $43.00 to $50.00. Braze's shares are currently trading up 1.62% over the last 24 hours, at $45.48 per share. A move to $50.00 would account for a 9.95% increase from the current share price.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 5:00 pm

BBY

Morgan Stanley has maintained its Equal-Weight rating for Best Buy Co (NYSE:BBY) and increased its price target from $75.00 to $80.00. Best Buy's shares are currently trading up 0.24% at $76.11 per share. A move to $80.00 would represent a 5.11% increase from the current share price. Best Buy is the largest pure-play consumer electronics retailer in the U.S., with significant investments in e-commerce fulfillment.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 5:00 pm