Streetbeat News

Analyst Ratings

TXN

Bernstein analyst Stacy Rasgon downgraded Texas Instruments Inc (NASDAQ:TXN) from Market Perform to Underperform, maintaining estimates and a $145 target price. Rasgon highlighted that the company's capex outlook has been significantly raised as it builds capacity to support revenue growth over the next 10-15 years. However, Rasgon believes that the Street models do not fully consider the consequences of TXN's plans and that gross margin expectations appear too high. The analyst also pointed out that Q4 revenue estimates are likely too high, leading to over-exuberance for 2024 numbers.

Portfolio Pulse from Anusuya Lahiri

August 30, 2023 | 5:08 pm

BOX

Citigroup analyst Steven Enders maintains a Buy rating on Box (NYSE:BOX) but lowers the price target from $34 to $33.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 5:04 pm

JD

A whale investor has taken a bullish stance on JD.com (NASDAQ:JD), with 60% of investors opening trades with bullish expectations and 40% with bearish. The whale has been targeting a price range from $30.0 to $41.26 for JD.com over the last 3 months. The price of JD is currently down -1.51% at $33.98. Citigroup, B of A Securities, JP Morgan, and Mizuho have maintained their ratings on JD.com with price targets of $64, $51, $40, and $60 respectively.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 5:01 pm

LRCX

A significant investor has taken a bearish stance on Lam Research (NASDAQ:LRCX), with 70% of recent trades being bearish and 30% bullish. The trades have targeted a price range of $550.0 to $700.0 for Lam Research over the last 3 months. The current price of LRCX is $681.05, down 0.53%. Stifel has maintained their Buy rating on Lam Research with a price target of $750.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 5:01 pm

CCSI

Citigroup analyst Fatima Boolani maintains a Neutral rating on Consensus Cloud Solutions (NASDAQ:CCSI) and has lowered the price target from $37 to $34.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2023 | 5:01 pm

MBUU

Analysts have provided various ratings for Malibu Boats (NASDAQ:MBUU) in the last quarter, with 2 bullish, 2 somewhat bullish, and 1 indifferent. The company has an average 12-month price target of $62.6, a decrease of 9.8% from the previous average price target of $69.40.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 5:01 pm

CLBT

Four analysts have provided ratings for Cellebrite DI (NASDAQ:CLBT) in the last quarter, with three being bullish and one somewhat bullish. The average price target is $10.25, implying an upside from the current price of $7.89. This average has increased by 36.67% from the previous average price target of $7.50.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 5:00 pm

AJG

Over the past 3 months, 7 analysts have published their opinion on Arthur J. Gallagher (NYSE:AJG) stock. The average 12-month price target for AJG is $246.29, with a high of $264.00 and a low of $233.00. The average price target has increased by 3.98% over the past month. The majority of the ratings are bullish.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 5:00 pm

OFC

Wells Fargo has maintained its Overweight rating for Corporate Office Props Tr (NYSE:OFC) and increased its price target from $29.00 to $31.00. This would represent a 20.41% increase from the current share price. Corporate Office Properties Trust is a REIT that acquires, manages, and leases office and data center properties throughout the U.S., with most of its revenue coming from leasing properties to U.S. Government agencies and its contractors.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 5:00 pm

ELF

e.l.f. Beauty (NYSE:ELF) has received mostly bullish ratings from analysts in the last quarter, with an average price target of $138.92, a high of $165.00, and a low of $107.00. The average price target has increased by 16.44% over the past month.

Portfolio Pulse from Benzinga Insights

August 30, 2023 | 5:00 pm