Streetbeat News

Analyst Ratings

GOOGL

NVDA

Analysts from Citi, KeyBanc, and JMP have reiterated positive ratings on Alphabet Inc (NASDAQ:GOOGL) following the Google Cloud Next '23 event. The analysts highlighted Google's advancements in AI, the growth of Google Cloud Platform's (GCP) GenAI tools, and the strategic collaboration with Nvidia Corp (NASDAQ:NVDA). They believe that Google's AI-driven future and the strength of the AI product cycle will sustain mid-20% Y/Y growth through 2025.

Portfolio Pulse from Anusuya Lahiri

August 30, 2023 | 7:01 pm

BNTX

Unusual options activity has been observed for BioNTech (NASDAQ:BNTX) with a bearish stance taken by a large investor. Benzinga's options scanner spotted 11 options trades for BioNTech, with the sentiment of these big-money traders split between 36% bullish and 63% bearish. Whales have been targeting a price range from $80.0 to $165.0 for BioNTech over the last 3 months. Morgan Stanley and HC Wainwright & Co. have maintained their ratings on BioNTech with price targets of $116 and $180 respectively.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 7:01 pm

V

Unusual options activity has been observed for Visa (NYSE:V), with a large position indicating a bullish stance. The overall sentiment among these big-money traders is split 50% bullish and 50% bearish. The options trades suggest a target price range of $200 to $260 for Visa over the last three months. Mizuho has downgraded Visa to Neutral with a price target of $255, while JP Morgan maintains an Overweight rating with a price target of $296.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 7:01 pm

BBY

DA Davidson analyst Michael Baker maintains a 'Buy' rating on Best Buy Co (NYSE:BBY) and raises the price target from $87 to $90.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 7:00 pm

CHKP

Check Point Software (NASDAQ:CHKP) has received various ratings from 7 analysts over the last quarter, with an average price target of $135.43, a 5.8% increase from the previous average price target of $128.00. The current price of Check Point Software is $134.495.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 7:00 pm

TKR

In the last quarter, Timken (NYSE:TKR) received one somewhat bullish rating and three indifferent ratings from analysts. Over the past three months, four analysts have offered 12-month price targets for Timken, with an average price target of $95.5, up 2.41% from the previous average of $93.25.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 7:00 pm

TEAM

13 analysts have provided ratings for Atlassian (NASDAQ:TEAM) in the last quarter, with an average price target of $207.69, indicating an upside from the current price of $202.14. The current average has increased by 15.11% from the previous average price target of $180.42.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 7:00 pm

FN

Fabrinet (NYSE:FN) has received positive analyst ratings in the last quarter, with 4 bullish and 2 somewhat bullish ratings. The average 12-month price target for the company, according to 6 analysts, is $143.0, with a high of $200.00 and a low of $28.00. This average price target has increased by 4.38% over the past month.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 7:00 pm

SJM

Stifel analyst Matthew E. Smith reiterated a Hold rating on J.M. Smucker Company (NYSE:SJM), but lowered the price target to $150 from $160. The company reported Q1 adjusted EPS of $2.21, beating the consensus of $2.04. The analyst highlighted the company's strong performance relative to its peers, supported by improved category exposure and strong brands. The company's balance sheet has significantly improved, providing the potential for M&A and share repurchases. However, SJM shares are trading lower by 1.57% to $143.65.

Portfolio Pulse from Nabaparna Bhattacharya

August 30, 2023 | 6:26 pm

AEO

Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on American Eagle Outfitters, Inc. (NYSE:AEO), with a price target of $15. The analyst expects Q2 EPS of $0.14, vs. $0.04 last year, a penny below the market's expectation of $0.15. Telsey estimates sales of $1.20 billion, flat Y/Y, in line with company guidance. The analyst projects 120 bps of operating expense deleverage to 26.8% percent of sales, vs. the consensus forecast of 26.6%. AEO shares are trading higher by 0.12% to $16.59 on the last check Wednesday.

Portfolio Pulse from Nabaparna Bhattacharya

August 30, 2023 | 6:25 pm