Streetbeat News

Analyst Ratings

COHR

Raymond James analyst Simon Leopold has maintained an Outperform rating on Coherent (NYSE:COHR), but lowered the price target from $41 to $35.

Portfolio Pulse from richadhand@benzinga.com

August 17, 2023 | 8:13 am

ENPH

Keybanc analyst Sophie Karp has maintained an Overweight rating on Enphase Energy (NASDAQ:ENPH) but lowered the price target from $267 to $200.

Portfolio Pulse from richadhand@benzinga.com

August 17, 2023 | 8:12 am

BTCUSD

Renowned trader Peter Brandt has shared his insights on Bitcoin's current position, suggesting potential bearish signals. He pointed out that Bitcoin is seriously challenging a multi-contact point trendline from its 2023 bottom. Any movement through the August low could be interpreted as either a bear signal or a bear trap. This comes amidst varying opinions on Bitcoin's trajectory from other analysts.

Portfolio Pulse from Benzinga Neuro

August 17, 2023 | 6:53 am

CPRI

TPR

Tapestry, Inc. (NYSE:TPR) is expected to report higher Q4 earnings of 97 cents per share, up from 78 cents per share a year ago. The company's revenue is projected to be $1.65 billion, slightly higher than the $1.62 billion in the same period last year. Tapestry recently announced plans to acquire Capri Holdings Limited (NYSE:CPRI) for $57 per share in cash. Several analysts have updated their ratings and price targets for Tapestry, with most maintaining a positive outlook.

Portfolio Pulse from Lisa Levin

August 17, 2023 | 6:15 am

AAPL

DIS

Apple Inc. (AAPL) is reportedly considering acquiring ESPN from Walt Disney Co. (DIS) to boost its live sports content on Apple TV, according to Wedbush analyst Daniel Ives. Ives believes that ESPN, which could cost over $50 billion, would be a strategic acquisition for Apple, providing valuable sports content and major TV rights. However, he also noted potential antitrust concerns. Ives has an Outperform rating and a $230 price target on Apple shares.

Portfolio Pulse from Shanthi Rexaline

August 17, 2023 | 5:55 am

NVDA

Former Treasury Secretary Larry Summers has expressed concerns about the U.S. becoming a target for China’s mounting frustrations due to ongoing trade tensions and strategic moves by the U.S. to counter China's influence. The U.S. has been trying to weaken China’s semiconductor industry, posing potential threats to major chipmakers like Nvidia Corporation (NASDAQ:NVDA).

Portfolio Pulse from Benzinga Neuro

August 17, 2023 | 3:10 am

SNPS

Semiconductor supplier Synopsys, Inc. (NASDAQ:SNPS) reported better-than-expected Q3 results and issued guidance. The company also announced that Sassine Ghazi will become CEO effective Jan. 1, with current CEO Aart de Geus transitioning to executive chair. Synopsys reported Q3 earnings of $2.88 per share, beating the analyst consensus estimate of $2.74, and sales of $1.49 billion, beating the estimate of $1.48 billion. The company estimates full-year revenue growth between 14% and 15%, and EPS growth between 24% and 25%.

Portfolio Pulse from Ryan Gustafson

August 16, 2023 | 9:13 pm

SM

SM Energy (NYSE:SM) has received 3 bullish, 2 somewhat bullish, and 1 indifferent rating from analysts in the last quarter. The average price target is $42.5, indicating an upside from the current price of $39.45. This average has increased by 6.25% from the previous target of $40.00.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 9:00 pm

KIM

Kimco Realty (NYSE:KIM) has received mixed analyst ratings in the last quarter, with 2 bullish, 3 indifferent, and 1 somewhat bearish. The average 12-month price target for the company is $20.67, a 6.05% decrease from the previous average of $22.00.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 9:00 pm

MRCY

Mercury Sys (NASDAQ:MRCY) has received mixed analyst ratings in the last quarter, with 2 bullish, 1 somewhat bullish, and 7 indifferent ratings. The average price target is $37.8, slightly above the current price of $36.17. However, this average has decreased by 16.81% from the previous average price target of $45.44.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 9:00 pm