Streetbeat News

Analyst Ratings

BMY

Bristol-Myers Squibb's (NYSE:BMY) short percent of float has fallen 8.05% since its last report, with 16.64 million shares sold short, which is 0.8% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, Bristol-Myers Squibb has less short interest.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 6:00 pm

VIRX

Analysts have provided bullish ratings for Viracta Therapeutics (NASDAQ:VIRX) in the last quarter, with an average price target of $8.4, implying an upside from the current price of $1.31. However, this average has decreased by 52.46% from the previous average price target of $17.67.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 6:00 pm

HES

Hess's (NYSE:HES) short percent of float has risen 11.24% since its last report, with 3.78 million shares sold short, which is 1.88% of all regular shares available for trading. It would take traders 1.84 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Hess's peer group average for short interest as a percentage of float is 6.12%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 6:00 pm

HPP

Hudson Pacific Properties (NYSE:HPP) has received four indifferent and one bearish analyst ratings in the last quarter. The average price target is $4.9, implying a downside from the current price of $5.925. This average has decreased by 18.33% from the previous average price target of $6.00.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 6:00 pm

AVID

Truist Securities analyst Terry Tillman has downgraded Avid Technology Inc's (NASDAQ:AVID) rating to Hold from Buy and reduced the price target to $27.05 from $45.00. This is in response to AVID's $1.4 billion all-cash acquisition deal, which includes AVID's debt. AVID shareholders will receive $27.05 in cash for each common share, a premium of 32.1% over the closing share price as on May 23, 2023. Tillman expects AVID to report revenue of $454 million in FY23 and $504 million in FY24.

Portfolio Pulse from Lekha Gupta

August 15, 2023 | 5:58 pm

BTCUSD

Kevin Kelly, co-founder and Head of Research at Delphi Digital, has suggested that the cryptocurrency market is about to enter a new cycle. He highlighted the predictability of crypto market cycles, using Bitcoin as a reference. He noted that Bitcoin price peaks often coincide with indications of the ISM (Institute for Supply Management) topping out. Kelly also discussed the significance of Bitcoin's halving event and potential risks, including a possible modest selloff or price consolidation.

Portfolio Pulse from Murtuza Merchant

August 15, 2023 | 5:49 pm

SAN

Banco Santander Inc. (NYSE:SAN) shares are currently trading at $3.85, after a 0.77% drop. Over the past month, the stock decreased by 2.04%, but over the past year, it spiked by 45.83%. The company's P/E ratio is 6.13, lower than the Banks industry average of 9.04, indicating that the stock might be undervalued or could perform worse than its industry peers.

Portfolio Pulse from Benzinga Insights

August 15, 2023 | 5:45 pm

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PENN

Penn Entertainment Inc has entered into a 10-year licensing deal with Walt Disney Co to launch the ESPN Bet platform. However, Ark Invest's research associate Andrew Kim is skeptical about Penn's ability to challenge the dominance of DraftKings and FanDuel in the sports betting market. DraftKings is a key holding in three of the Ark Invest ETFs. Ark Invest also owns shares of Genius Sports Ltd, a data provider for sports betting and sports media companies.

Portfolio Pulse from Chris Katje

August 15, 2023 | 5:41 pm

GOL

Gol Intelligent Airlines' shares are trading lower following a downgrade from Citigroup from Buy to Neutral. Citigroup also announced a $4.2 price target for the stock.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 5:37 pm

PBF

PBF Energy's stock has been downgraded from Buy to Neutral by B of A Securities, leading to a decrease in the company's share price.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2023 | 5:36 pm