Streetbeat News

Analyst Ratings

SIX

In the last quarter, Six Flags Entertainment (NYSE:SIX) received mixed analyst ratings. The 17 analysts have an average price target of $27.65, which is higher than the current price of $22.34. However, this average represents a 7.18% decrease from the previous average price target of $29.79.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 8:00 pm

INDI

Indie Semiconductor (NASDAQ:INDI) has received five bullish analyst ratings in the last quarter, with an average 12-month price target of $14.7, a decrease of 2.0% from the previous average price target of $15.00.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 8:00 pm

WIX

Benchmark analyst Mark Zgutowicz has reiterated a Buy rating on Wix.Com Ltd. (NASDAQ:WIX), raising the price target to $130 from $120. This follows Wix's announcement of an increase in its '25 FCF margin target to 25% from 20%. The company's FY25 FCF is expected to reach ~$500 million, with revenue growth remaining at current levels (+~13%). Wix's shares are currently trading lower by 2.25% to $90.01.

Portfolio Pulse from Nabaparna Bhattacharya

August 11, 2023 | 7:48 pm

CABA

HC Wainwright has maintained a Buy rating on Cabaletta Bio and raised its price target from $15 to $17, leading to a rise in Cabaletta Bio's shares.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 7:47 pm

KHC

Kraft Heinz Inc.'s (NASDAQ:KHC) stock price is currently at $34.52, after a 0.38% increase. However, the stock has decreased by 3.71% over the past month and by 10.48% over the past year. The company's P/E ratio of 13.43 is lower than the Food Products industry average of 26.85, which could indicate that the stock is undervalued or that it might perform worse than its industry peers.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 7:45 pm

CCOI

TMUS

KeyBanc Capital Markets analyst Brandon Nispel reiterated an Overweight rating on Cogent Communications Holdings, Inc. (CCOI), raising the price target to $80 from $77. Despite CCOI missing Q2 FY23 service revenue consensus, the analyst expects a recovery in CCOI's core business and sees a path towards $500M+ EBITDA. Nispel also anticipates CCOI to start on T-Mobile US, Inc. (TMUS) T-Mobile Wireline's profitability through network savings, headcount reduction, and growth in Wavelength sales.

Portfolio Pulse from Nabaparna Bhattacharya

August 11, 2023 | 7:45 pm

CVNA

Morgan Stanley analyst Adam Jonas has expressed concerns about the sustainability of Carvana Co.'s (NYSE:CVNA) strategy amid challenges in the used car sector. Despite acknowledging Carvana's strides in retail and wholesale Gross Profit per Unit (GPU), Jonas emphasized that the company still has a lot to prove. Morgan Stanley has adjusted its third-quarter total GPU projection for Carvana to $5,266, up from $4,731, and its estimate for the company's third-quarter adjusted EBITDA has jumped to $75 million, up from $27 million. However, the firm reiterated an Underweight rating on Carvana and slightly increased its price target from $35 to $37.

Portfolio Pulse from Piero Cingari

August 11, 2023 | 7:35 pm

CLOV

Citigroup has maintained a Neutral rating on Clover Health Investment's stock and increased its price target from $1 to $1.5. This has led to a rise in Clover Health's share prices.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 7:31 pm

VLO

A significant bearish stance has been taken on Valero Energy (NYSE:VLO) by a large investor or institution, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 30% bullish and 69% bearish. The price of VLO is up 2.85% at $138.7. Analysts from Morgan Stanley, Barclays, Tudor Pickering, and Wells Fargo have given price targets of $160, $142, $145, and $135 respectively.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 7:31 pm

CRWD

Unusual options activity has been observed for CrowdStrike Holdings (NASDAQ:CRWD), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 19 uncommon trades, with 57% bullish and 42% bearish sentiment. The targeted price range for CrowdStrike over the last 3 months is from $138.0 to $170.0. The current price of CRWD is $148.35, up 0.33%. Analysts from Morgan Stanley and Barclays maintain an Overweight rating on CrowdStrike, with price targets of $178 and $173 respectively, while JMP Securities and Needham have downgraded their actions with price targets of $235 and $170 respectively.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 7:30 pm