Streetbeat News

Analyst Ratings

INTU

Piper Sandler analyst Arvind Ramnani maintains an Overweight rating on Intuit (NASDAQ:INTU) and raises the price target from $497 to $528.

Portfolio Pulse from richadhand@benzinga.com

August 25, 2023 | 7:00 am

COLL

Needham analyst Serge Belanger maintains a 'Buy' rating on Collegium Pharmaceutical (NASDAQ:COLL) and raises the price target from $35 to $36.

Portfolio Pulse from richadhand@benzinga.com

August 25, 2023 | 6:59 am

WOOF

Needham analyst Anna Andreeva has maintained a 'Buy' rating on Petco Health and Wellness (NASDAQ:WOOF), but lowered the price target from $12 to $8.

Portfolio Pulse from richadhand@benzinga.com

August 25, 2023 | 6:58 am

DLTR

Telsey Advisory Group analyst Joseph Feldman has maintained an 'Outperform' rating on Dollar Tree (NASDAQ:DLTR) but lowered the price target from $162 to $160.

Portfolio Pulse from richadhand@benzinga.com

August 25, 2023 | 6:57 am

AKBA

DLTR

HIBB

NVDA

The CNN Money Fear and Greed index moved to the 'Fear' zone, indicating a bearish market sentiment. U.S. stocks closed lower on Thursday ahead of Federal Reserve chair Jerome Powell's speech. NVIDIA shares hit an all-time high after strong Q2 results but closed only 0.1% higher. Dollar Tree shares fell 12.9% after Q2 results and Q3 guidance fell short of estimates. Investors are awaiting earnings results from Hibbett and Akebia Therapeutics.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 6:54 am

NVDA

TSLA

Nvidia Corp. (NASDAQ:NVDA) shares showed a muted reaction to its outstanding Q2 results as investors were cautious ahead of Federal Reserve Chair Jerome Powell's speech. Nvidia issued an upbeat Q3 guidance, leading to analysts revising their fiscal year 2024 estimates for the company. The current consensus earnings per share estimate for the year is $16.68. The stock's P/E multiple is at 28.28, which is significantly lower than Tesla, Inc.'s (NASDAQ:TSLA) forward P/E multiple of 48.13. Analysts suggest that Nvidia could be a bargain buy and has more room to grow due to the AI revolution.

Portfolio Pulse from Shanthi Rexaline

August 25, 2023 | 6:22 am

HIBB

Hibbett, Inc. (NASDAQ:HIBB) is expected to report a sharp decline in Q2 earnings, with analysts predicting earnings of 73 cents per share, down from $1.86 per share a year ago. The company's revenue is also expected to decrease to $376.11 million from $392.81 million. Hibbett shares fell 1.8% to close at $36.86 on Thursday. Analysts from Baird, Williams Trading, and B. Riley Securities have recently adjusted their price targets for the company.

Portfolio Pulse from Lisa Levin

August 25, 2023 | 6:13 am

ARKK

BLK

BTCUSD

Industry leaders including Tom Lee at Fundstrat and Cathie Wood of Ark Invest have made bullish predictions for Bitcoin's future, with potential surges beyond $200,000 and even up to $1 million within the next seven years. Companies like BlackRock Inc and Citadel are showing interest in Bitcoin, indicating growing mainstream adoption. Wood also suggests a pivotal role for Bitcoin ETFs, with potential SEC approval possibly driving demand.

Portfolio Pulse from AJ Fabino

August 25, 2023 | 4:47 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a significant drop ahead of Federal Reserve Chair Jerome Powell’s upcoming remarks at the Jackson Hole Symposium. The global crypto market capitalization stands at $1.05 trillion, a 0.83% decrease in the last day. Analysts predict a period of relative stability for Bitcoin before it experiences another bullish trend, identifying the $27,800 level as a critical point for potential upward movement.

Portfolio Pulse from Mehab Qureshi

August 25, 2023 | 3:18 am

AFRM

AMC

TSLA

ULTA

The S&P 500, Nasdaq, and Dow Jones Industrial Average closed lower on Thursday. Affirm Holdings, Hawaiian Electric, AMC, Ulta Beauty, and Tesla were the top stocks that gained the attention of retail traders and investors. Affirm Holdings released Q4 earnings showing a 22% increase in revenue. Hawaiian Electric came under scrutiny following a negative review by a market analyst. AMC's stock tumbled due to its popularity among retail investors and its recent Q2 earnings report. Ulta Beauty's Q2 earnings beat expectations and raised its annual forecast. Tesla is struggling with internal woes and recession fears.

Portfolio Pulse from Benzinga Neuro

August 25, 2023 | 2:00 am