Streetbeat News

Analyst Ratings

ALRM

Northland Capital Markets analyst Michael Latimore maintains an 'Outperform' rating on Alarm.com Holdings (NASDAQ:ALRM) and raises the price target from $60 to $64.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:29 pm

RIOT

Northland Capital Markets analyst Mike Grondahl maintains an Outperform rating on Riot Platforms (NASDAQ:RIOT) and raises the price target from $14.5 to $18.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:28 pm

GRRR

Northland Capital Markets has maintained an 'Outperform' rating on Gorilla Tech Gr (NASDAQ:GRRR) but lowered the price target from $10 to $7.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:26 pm

FWRD

Shares of Forward Air Corp (NASDAQ:FWRD) have dropped by over 27% following the announcement of a business combination with Omni Logistics, LLC. The drop is due to several analysts downgrading the stock, citing concerns about top-line diversions, increased short-term leverage, and lack of near-term earnings accretion. Wolfe Research and Stifel also lowered their ratings for FWRD.

Portfolio Pulse from Lekha Gupta

August 11, 2023 | 6:26 pm

AXON

Northland Capital Markets analyst Michael Latimore maintains an 'Outperform' rating on Axon Enterprise (NASDAQ:AXON) and raises the price target from $227 to $235.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:24 pm

CVNA

Morgan Stanley has maintained an Underweight rating on Carvana's stock but increased its price target from $35 to $37. This has led to Carvana's shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:22 pm

NATR

DA Davidson analyst Linda Bolton Weiser maintains a 'Buy' rating on Natures Sunshine Products (NASDAQ:NATR) and raises the price target from $15 to $19.5.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:22 pm

ACHR

BA

JOBY

Benchmark analyst Josh Sullivan reiterated a Buy rating on Archer Aviation Inc (ACHR) with a price target of $12. This follows Boeing Co (BA) becoming a strategic partner and investor in Archer as part of a $215 million investing round. Archer also secured two new contracts with the Air Force totaling $142 million and received FAA authorization for flight testing of its eVTOL Midnight aircraft. Despite these developments, ACHR's shares are trading lower by 5.93% at $5.49.

Portfolio Pulse from Shivani Kumaresan

August 11, 2023 | 6:20 pm

BRCC

Roth MKM analyst George Kelly maintains a Buy rating on BRC (NYSE:BRCC) but lowers the price target from $10 to $9.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:18 pm

W

Needham analyst Anna Andreeva reiterated a Buy rating on Wayfair Inc (NYSE:W) with a price target of $100. The analyst predicts continued top-line growth for Wayfair through 2024, despite pandemic gains being lapped. Wayfair's growth is expected to be driven by double-digit sales CAGR, international expansion, and a focus on advertising. The company's competitive edge in fulfillment through its own global logistics network is also seen as an under-appreciated asset.

Portfolio Pulse from Shivani Kumaresan

August 11, 2023 | 6:18 pm