Streetbeat News

Analyst Ratings

SOFI

Over the last quarter, SoFi Techs (NASDAQ:SOFI) has received various analyst ratings. The majority of the 21 analysts are bullish on the stock, with an average price target of $9.48, compared to the current price of $8.2005. This average price target has increased by 12.46% over the past month.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 8:00 pm

RACE

In the last quarter, Ferrari (NYSE:RACE) received 9 somewhat bullish and 1 indifferent analyst ratings. The company's average 12-month price target is $324.0, with a high of $340.00 and a low of $300.00. This average price target has increased by 2.05% over the past month.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 8:00 pm

AMD

Advanced Micro Devices's (NYSE:AMD) short percent of float has fallen 15.22% since its last report, with 25.04 million shares sold short, which is 1.56% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, AMD has less short interest as a percentage of float, with an average of 4.47%.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 8:00 pm

NOG

Northern Oil & Gas (NYSE:NOG) has received mostly bullish ratings from analysts in the last quarter, with 11 bullish, 3 somewhat bullish, and 1 indifferent rating. The average 12-month price target for the company is $47.47, a slight decrease from the previous average of $47.69.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 8:00 pm

PRU

Prudential Financial's (NYSE:PRU) short percent of float has fallen 14.45% since its last report, with 5.37 million shares sold short, which is 1.48% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Prudential Financial has less short interest.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 8:00 pm

LPLA

Over the past 3 months, 9 analysts have published their opinion on LPL Finl Hldgs (NASDAQ:LPLA) stock. The average price target is $265.67, implying an upside from the current price of $225.45. The average price target has increased by 10.62% over the past month.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 8:00 pm

BTCUSD

ETHUSD

JPM

JPMorgan analysts have noted that Bitcoin miners are diversifying into the artificial intelligence sector by offering high-performance computing services. This shift has been partially financed by the sale of Bitcoin. Former Ethereum miners are also providing these services following Ethereum's shift from a proof-of-work to a proof-of-stake consensus model. Bitcoin miners are also geographically diversifying, with Russia becoming a preferred location due to its energy surplus and affordable energy resources.

Portfolio Pulse from Murtuza Merchant

August 18, 2023 | 7:54 pm

MRK

A significant bearish stance has been taken on Merck & Co (NYSE:MRK) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 31% bullish and 68% bearish. The whales have been targeting a price range from $100.0 to $115.0 for Merck & Co over the last 3 months. Truist Securities and Morgan Stanley have maintained their Buy and Equal-Weight ratings on Merck & Co, respectively, with a price target of $116.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 7:46 pm

GPS

Telsey Advisory Group analyst Dana Telsey reiterated the Market Perform rating on Gap, Inc. (NYSE:GPS) with an unchanged price target of $11. Telsey highlighted Gap's robust inventory control and cost management, expecting $150 million in annualized cost savings to be realized in 2H23. Gap's 2Q23 EPS is expected to be $0.05, down from $0.08 last year. Total sales are expected to decrease 6.4% YoY to $3.61 billion. Gap shares are currently trading higher by 2.02% to $10.35.

Portfolio Pulse from Nabaparna Bhattacharya

August 18, 2023 | 7:43 pm

FTCH

KeyBanc Capital Markets analyst Noah Zatzkin has downgraded Farfetch Limited (FTCH) to Sector Weight from Overweight due to decreased confidence in the company's execution and timeline to profitability. This follows FTCH's softer 2Q results and lowered guidance amid a challenging environment. The analyst also lowered the FY23 and FY24 revenue estimates for FTCH.

Portfolio Pulse from Nabaparna Bhattacharya

August 18, 2023 | 7:41 pm