Streetbeat News

Analyst Ratings

GAMB

Craig-Hallum analyst Ryan Sigdahl maintains a 'Buy' rating on Gambling.com Gr (NASDAQ:GAMB) and raises the price target from $15 to $18.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 4:00 pm

LITE

Craig-Hallum analyst Richard Shannon maintains a 'Hold' rating on Lumentum Holdings (NASDAQ:LITE) and raises the price target from $50 to $53.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 3:58 pm

AAPL

NVDA

TSM

Taiwan's economic growth is faltering, with the nation's economic trajectory set to be its least impressive since 2015. The growth projection for 2023 has been scaled down for the third consecutive time to 1.61%. Taiwan Semiconductor Manufacturing Co (TSMC), a key supplier to Apple Inc and Nvidia Corp, has signaled caution by trimming its annual revenue outlook. TSMC reaffirmed projections for revenue in the first half of 2023 to decline by about 10% in U.S. dollar terms.

Portfolio Pulse from Anusuya Lahiri

August 18, 2023 | 3:55 pm

AMAT

Craig-Hallum analyst Christian Schwab maintains a 'Buy' rating on Applied Mat (NASDAQ:AMAT) and raises the price target from $139 to $160.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 3:54 pm

WULF

B. Riley Securities analyst Lucas Pipes has maintained a 'Buy' rating on TeraWulf (NASDAQ:WULF) but lowered the price target from $5 to $4.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 3:48 pm

LITE

B. Riley Securities analyst Dave Kang has maintained a Neutral rating on Lumentum Holdings (NASDAQ:LITE) and lowered the price target from $46 to $45.

Portfolio Pulse from Benzinga Newsdesk

August 18, 2023 | 3:46 pm

SPY

The CBOE Put/Call ratio, a key market sentiment indicator, has surged above the critical 1 level benchmark, indicating a bearish market sentiment. This suggests that traders are increasingly buying put options over call options, indicating a demand for protection and speculation on possible market declines. Michael Hartnett, chief investment strategist at Bank of America, warned that this could lead to a risk off in markets and a possible retest of the 4,200 level for the S&P 500 Index. The SPDR S&P 500 ETF Trust (NYSE:SPY) is on track to close its third straight week of losses, down over 5% since the start of the month.

Portfolio Pulse from Piero Cingari

August 18, 2023 | 3:42 pm

GAMB

Truist Securities analyst Barry Jonas maintains a 'Buy' rating on Gambling.com Gr (NASDAQ:GAMB) and raises the price target from $14 to $17.

Portfolio Pulse from richadhand@benzinga.com

August 18, 2023 | 3:42 pm

WMT

Truist Securities analyst Scot Ciccarelli has maintained a 'Hold' rating on Walmart (NYSE:WMT) and raised the price target from $166 to $168.

Portfolio Pulse from richadhand@benzinga.com

August 18, 2023 | 3:41 pm

LITE

Analysts have revised their forecasts for Lumentum Holdings Inc (NASDAQ:LITE) following its Q4 FY23 earnings report. The company reported revenue of $370.8 million, down 12.2% Y/Y, beating the consensus of $366.5 million. Adjusted EPS of $0.59 beat the consensus of $0.55. Analysts from Morgan Stanley, Rosenblatt, and Needham have adjusted their revenue and EPS estimates for Q1 and FY24 due to ongoing telecom demand weakness and inventory digestion across the product portfolio.

Portfolio Pulse from Lekha Gupta

August 18, 2023 | 3:40 pm