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Analyst Ratings

HD

LOW

Home Depot Inc (NYSE:HD) is set to report its Q2 financial results. Analysts expect a revenue of $42.25 billion, down from last year's $43.79 billion. The company has missed revenue estimates for the last two quarters. Earnings per share are expected to be $4.44, down from $5.05 last year. Analysts have mixed opinions on the stock's future, with some downgrading it due to a weak housing market and cautious consumer spending. Home Depot's fiscal 2023 guidance predicts a 2-5% sales decrease year-over-year. The company's shares are currently trading at $329.87, up 4.5% year-to-date.

Portfolio Pulse from Chris Katje

August 14, 2023 | 6:54 pm

DKS

Bank of America Securities analyst has raised the price target for Dick's Sporting Goods Inc. (DKS) from $170 to $180, maintaining a Buy rating. The analyst also increased the Q2 EPS estimate to $3.83 and expects same-store sales growth of +4.0%. The company is set to report Q2 results on August 22. Despite expecting H2 comps at negative low-single-digits%, the analyst believes DKS has a stronger buffer compared to peers due to higher median household income.

Portfolio Pulse from Lekha Gupta

August 14, 2023 | 6:49 pm

COST

A significant bearish stance has been taken on Costco Wholesale (NASDAQ:COST) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is almost evenly split, with 48% bullish and 52% bearish. The price target for Costco Wholesale over the last three months has been between $220.0 and $595.0. Analysts from Jefferies, Truist Securities, and Oppenheimer maintain a 'Buy' rating on Costco, while Telsey Advisory Group has downgraded its action to 'Outperform'.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 6:46 pm

IONQ

IonQ Inc (NYSE:IONQ) has received positive reviews from analysts following a solid quarterly performance, with raised bookings guidance and an accelerating interest in hardware. The company anticipates a number of new machines to be purchased over the next 18 months. Analysts from Benchmark, Goldman Sachs, and Morgan Stanley have all maintained their ratings and raised their price targets for the company. Despite this, IONQ shares traded lower by 5.86% at $14.80 on the last check Monday.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 6:38 pm

TTD

A significant bearish stance has been taken on Trade Desk (NASDAQ:TTD) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 45% bullish and 54% bearish. The whales have been targeting a price range from $40.0 to $100.0 for Trade Desk over the last 3 months. Several financial institutions have maintained their positive ratings on Trade Desk, with price targets ranging from $92 to $100.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 6:32 pm

MPW

RBC Capital Markets analyst Michael Carroll has lowered the price target for Medical Properties Trust Inc (MPW) from $12 to $10 and added a Speculative Risk qualifier to the Outperform rating. This follows MPW's Q2 FY23 results, which missed estimates. Carroll also expects a 35% dividend cut to $0.75 per share and a $60 million rent cut in Q1 FY24. He believes MPW can address its liquidity issues by improving collections and will need to address $1.4 billion in debt maturities in Q1 2025.

Portfolio Pulse from Lekha Gupta

August 14, 2023 | 6:29 pm

IPGP

IPG Photonics Corp (IPGP) is expanding its business in battery welding, medical, and emerging laser markets. The company has seen significant growth in battery welding applications, which now constitute over 20% of its sales. IPG is also exploring growth opportunities in green lasers for renewable energy, AMB lasers for e-Mobility, and additive processes for smartphone cases. The company is shifting production from Russia to Italy and a new plant in Poland, which has temporarily impacted margins. IPG is also seeking acquisitions in emerging growth areas.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 6:17 pm

AMAT

A significant bullish stance has been taken on Applied Mat (NASDAQ:AMAT) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split between 60% bullish and 40% bearish. The whales have been targeting a price range from $127.0 to $160.0 for Applied Mat over the last 3 months. B of A Securities and Mizuho have maintained their Buy ratings on Applied Mat, with price targets of $165 and $152 respectively.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 6:16 pm

HES

A whale investor has taken a bullish stance on Hess (NYSE:HES), with 54% of investors opening trades with bullish expectations and 45% with bearish. The whale has been targeting a price range from $140.0 to $230.0 for Hess over the last 3 months. The price of HES is currently down -0.37% at $157.1. Citigroup, Susquehanna, Raymond James, and Morgan Stanley have maintained their ratings on Hess with price targets of $155, $183, $166, and $154 respectively.

Portfolio Pulse from Benzinga Insights

August 14, 2023 | 6:16 pm

JACK

Stifel analyst Chris O'Cull has reiterated a Hold rating on Jack In The Box Inc. (JACK), lowering the price target to $88 from $98. Despite the company's strong Q3 performance, the analyst anticipates uncertainty in Q4 due to potential slowing comp performance and the impact of refranchising. The company's comp performance will be a critical factor for the stock price until unit growth accelerates significantly. The analyst also lowered FY23 and FY24 revenue guidance.

Portfolio Pulse from Nabaparna Bhattacharya

August 14, 2023 | 6:16 pm