Streetbeat News

Analyst Ratings

OKTA

Okta Inc's shares are trading higher after the company reported better-than-expected Q2 financial results and raised its guidance. The Q2 revenue of $556 million and EPS of 31 cents both beat estimates. The company also raised its full-year revenue forecast and adjusted earnings guidance. Multiple analysts have lifted their price targets for Okta following these results.

Portfolio Pulse from Adam Eckert

August 31, 2023 | 2:58 pm

FIVE

B of A Securities analyst Jason Haas maintains a Buy rating on Five Below (NASDAQ:FIVE) but lowers the price target from $242 to $230.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 2:58 pm

SE

TCEHY

Sea Limited's stock is experiencing volatility amid reports of the Tencent-backed company relaunching its popular mobile game, Free Fire, in India. The game was previously banned due to security concerns. The relaunch is expected to boost Sea's performance, which has been struggling with slowing sales growth. Sea's Q2 FY23 revenue growth was 5.2% YoY, missing consensus estimates. The stock has lost over 28% YTD and 43% last month, leading to several analysts downgrading their ratings and cutting price targets.

Portfolio Pulse from Anusuya Lahiri

August 31, 2023 | 2:57 pm

CRM

B of A Securities analyst Brad Sills maintains a 'Buy' rating on Salesforce (NYSE:CRM) and raises the price target from $250 to $280.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 2:54 pm

OKTA

Mizuho analyst Gregg Moskowitz maintains a 'Buy' rating on Okta (NASDAQ:OKTA) and raises the price target from $90 to $93.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 2:51 pm

CLVT

EBAY

GOOG

MNDY

NVDA

AI21 Labs, a generative AI startup, has raised $155 million in a Series C funding round, reaching a valuation of $1.4 billion. The funding round included participation from Alphabet Inc, Nvidia Corp, and Prof. Amnon Shashua, among others. The funds will be used to expand AI21 Labs' text-generating AI services for businesses. The company has also recently partnered with industry leaders such as Carrefour, Clarivate Plc, EBay Inc, Monday.Com Ltd, and Ubisoft.

Portfolio Pulse from Anusuya Lahiri

August 31, 2023 | 2:49 pm

CRM

Mizuho analyst Gregg Moskowitz maintains a Buy rating on Salesforce (NYSE:CRM) and raises the price target from $250 to $255.

Portfolio Pulse from Benzinga Newsdesk

August 31, 2023 | 2:48 pm

COST

A significant amount of unusual options activity has been observed for Costco Wholesale (NASDAQ:COST), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $480.0 and $625.0. Telsey Advisory Group has downgraded its action to Outperform with a price target of $575, while UBS and Evercore ISI Group maintain their Buy and Outperform ratings respectively, with price targets of $640 and $595.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 2:47 pm

OSK

Stifel analyst Nathan Jones has reiterated a 'Buy' rating on Oshkosh (NYSE:OSK) and maintained a price target of $115.

Portfolio Pulse from richadhand@benzinga.com

August 31, 2023 | 2:40 pm

OKTA

Stifel analyst Adam Borg has reiterated a 'Buy' rating on Okta (NASDAQ:OKTA) and maintained a price target of $100.

Portfolio Pulse from richadhand@benzinga.com

August 31, 2023 | 2:39 pm