Streetbeat News

Analyst Ratings

CYBR

Stephens analyst Brian Colley has raised the price target on CyberArk Software Ltd. (NASDAQ:CYBR) from $180 to $210, maintaining an Overweight rating. This follows CyberArk's Q2 results, which showed a 61% rise in subscription revenue to $106.2 million. Despite a weak macro environment, CyberArk has seen resilient trends, with accelerating net new ARR growth and new customer wins. The company is also expanding its channel ecosystem, which has delivered key wins in the quarter. Following Q2, the analyst raised the FY2023/2024 revenue estimates and non-GAAP EPS estimates.

Portfolio Pulse from Nabaparna Bhattacharya

August 11, 2023 | 6:15 pm

KORE

Deutsche Bank analyst Matthew Niknam has maintained a 'Hold' rating on Kore Group Holdings (NYSE:KORE) and lowered the price target from $2.5 to $1.5.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:15 pm

TMO

Thermo Fisher Scientific's (NYSE:TMO) short percent of float has risen 11.27% since its last report, with 3.04 million shares sold short, which is 0.79% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Thermo Fisher Scientific has less short interest as a percentage of float, which is 4.71% on average.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 6:15 pm

CPRT

Copart's (NYSE:CPRT) short percent of float has fallen 3.96% since its last report, with 4.18 million shares sold short, which is 0.97% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Copart's short interest as a percentage of float is less than its peer group average of 3.87%.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 6:15 pm

APTV

Aptiv's (NYSE:APTV) short percent of float has risen 10.78% since its last report, with 2.86 million shares sold short, which is 1.13% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Aptiv has less short interest as a percentage of float, with an average of 5.86%.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 6:15 pm

TTEK

KeyBanc Capital Markets analyst Sean Eastman has reiterated an Overweight rating on Tetra Tech, Inc. (NASDAQ:TTEK), raising the price target to $200 from $185. The analyst expects increasing new-order momentum, accelerating EPS growth and material upward estimate revisions over the NTM+. The analyst also raised revenue estimates for FY23 and FY24.

Portfolio Pulse from Nabaparna Bhattacharya

August 11, 2023 | 6:12 pm

FLNC

Roth MKM analyst Justin Clare has maintained a Neutral rating on Fluence Energy (NASDAQ:FLNC) and lowered the price target from $31 to $27.

Portfolio Pulse from Benzinga Newsdesk

August 11, 2023 | 6:02 pm

HD

A significant bearish stance has been taken on Home Depot (NYSE:HD) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 29% bullish and 70% bearish. The price range targeted by these traders for Home Depot over the last 3 months is from $300.0 to $340.0. Various experts have given different ratings and price targets for Home Depot.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 6:00 pm

SNOW

A significant bearish stance has been taken on Snowflake (NYSE:SNOW) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. Whales have been targeting a price range from $100.0 to $180.0 for Snowflake over the last 3 months. Exane BNP Paribas, Oppenheimer, and Scotiabank have given price targets of $173, $220, and $213 respectively.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 6:00 pm

FDX

FedEx (NYSE:FDX) has received various analyst ratings in the last quarter, with 4 bullish, 6 somewhat bullish, and 3 indifferent. The average 12-month price target for FedEx, according to 13 analysts, is $262.38, with a high of $290.00 and a low of $186.00. This average price target has increased by 6.23% over the past month.

Portfolio Pulse from Benzinga Insights

August 11, 2023 | 6:00 pm