Streetbeat News

Analyst Ratings

CRWD

JP Morgan analyst Brian Essex maintains an Overweight rating on CrowdStrike Holdings (NASDAQ:CRWD) and raises the price target from $165 to $170.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 3:22 pm

CRM

Salesforce Inc (NYSE:CRM) reported better-than-expected Q2 results and issued strong guidance, causing its shares to spike. Analysts from BMO Capital Markets, Stifel, Needham, RBC Capital Markets, and William Blair all maintained positive ratings, with several raising their price targets. Key factors contributing to the strong performance include revenue upside, healthy margin performance, and continued margin expansion. The company's growth is expected to be aided by AI solutions and pricing in the coming years.

Portfolio Pulse from Priya Nigam

August 31, 2023 | 3:21 pm

CHWY

JP Morgan analyst Doug Anmuth maintains an Overweight rating on Chewy (NYSE:CHWY) but lowers the price target from $56 to $48.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 3:20 pm

GXO

Citigroup analyst Christian Wetherbee maintains a Buy rating on GXO Logistics (NYSE:GXO) and raises the price target from $66 to $74.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 3:18 pm

CHWY

Citigroup analyst Steven Zaccone has maintained a Neutral rating on Chewy (NYSE:CHWY) and lowered the price target from $36 to $30.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 3:17 pm

SU

A significant bullish position has been taken on Suncor Energy (NYSE:SU), as observed in the publicly available options history. The overall sentiment of these big-money traders is 70% bullish and 30% bearish. Whales have been targeting a price range from $30.0 to $42.0 for Suncor Energy over the last 3 months. Wells Fargo has upgraded its action to Overweight with a price target of $54.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 3:17 pm

PVH

Citigroup analyst Paul Lejuez has maintained a Neutral rating on PVH (NYSE:PVH) and raised the price target from $86 to $88.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 3:16 pm

CRM

Citigroup analyst Tyler Radke maintains a Neutral rating on Salesforce (NYSE:CRM) and raises the price target from $220 to $229.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 3:14 pm

ZTO

Bernstein has maintained its 'Outperform' rating on ZTO Express (Cayman) (NYSE:ZTO) but has lowered the price target from $36 to $31.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 3:12 pm

MVST

Microvast Holdings Inc's (NASDAQ:MVST) shares are trading higher after Janney Montgomery Scott initiated coverage on the stock with a Buy rating and a price target of $8. This makes it the fourth analyst firm to set an $8 price target, joining Piper Sandler, Oppenheimer, and HC Wainwright & Co. Morgan Stanley has a lower price target of $4. Microvast's shares are up 37% year-to-date, but down more than 12% over the last year. The company beat estimates in its last quarterly results and expects further growth in orders.

Portfolio Pulse from Adam Eckert

August 31, 2023 | 3:09 pm