Streetbeat News

Analyst Ratings

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

DVN

In the last quarter, Devon Energy (NYSE:DVN) has received mostly bullish ratings from analysts. The company has an average price target of $63.5, a decrease of 6.86% from the previous average price target of $68.18.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 9:00 pm

OKTA

Okta (NASDAQ:OKTA) has received a mix of bullish and indifferent analyst ratings in the last quarter, with no bearish ratings. The average 12-month price target for Okta, according to 17 analysts, is $96.47, which has increased by 2.51% over the past month.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 9:00 pm

VMW

In the last quarter, VMware (NYSE:VMW) received indifferent ratings from five analysts, with an average price target of $146.2, which is lower than the current price of $155.78. The average price target has increased by 6.25% over the past month.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 9:00 pm

QQQ

SPY

The July FOMC minutes reveal a divergence of views among Federal Reserve officials, with a majority emphasizing the presence of significant upside risks to inflation, potentially requiring further tightening of monetary policy. This led to a surge in the U.S. dollar and a rise in Treasury yields, while stocks stumbled. Economists suggest that the Fed might raise rates by a quarter-point in the last quarter if the economy keeps growing and wages remain elevated. The SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) both closed lower.

Portfolio Pulse from Piero Cingari

August 16, 2023 | 8:53 pm

PYCR

Paycor HCM (NASDAQ:PYCR) reported Q4 earnings of $0.08 per share, beating the analyst consensus estimate of $0.06 by 33.33%. This is a 100% increase from the same period last year. The company also reported quarterly sales of $140.00 million, beating the analyst consensus estimate of $136.55 million by 2.53%. This is a 26.14% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:19 pm

AVT

Avnet (NASDAQ:AVT) reported Q4 adjusted earnings of $2.06 per share, beating the analyst consensus estimate of $1.65 by 24.85%. However, this is a 0.48% decrease from the same period last year. The company also reported quarterly sales of $6.55 billion, surpassing the analyst consensus estimate of $6.27 billion by 4.55%, and marking a 2.86% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 16, 2023 | 8:16 pm

WFC

Wells Fargo's (NYSE:WFC) short percent of float has risen 9.21% since its last report, with 30.26 million shares sold short, which is 0.83% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. Compared to its peers, Wells Fargo has less short interest as a percentage of float, with the average being 0.92%.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 8:15 pm

SNPS

Synopsys's (NYSE:SNPS) short percent of float has fallen 5.56% since its last report, with 1.03 million shares sold short, which is 0.68% 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, Synopsys has less short interest as a percentage of float, with an average of 3.20%.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 8:15 pm

CMI

Cummins's (NYSE:CMI) short percent of float has fallen 27.98% since its last report, with 1.97 million shares sold short, which is 1.39% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Cummins's peer group average for short interest as a percentage of float is 5.23%, indicating that the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

August 16, 2023 | 8:15 pm