Streetbeat News

Analyst Ratings

SOUN

Cantor Fitzgerald analyst Brett Knoblauch has maintained an Overweight rating on SoundHound AI (NASDAQ:SOUN) but lowered the price target from $6.2 to $4.2.

Portfolio Pulse from richadhand@benzinga.com

August 09, 2023 | 5:31 pm

PDD

A significant amount of unusual options activity has been detected for PDD Holdings (NASDAQ:PDD), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $45.0 to $120.0 for PDD Holdings over the last 3 months. The price of PDD is currently up 0.06% at $83.77, and RSI indicators suggest the stock may be approaching overbought. The company's next earnings are expected to be released in 19 days.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 5:30 pm

AMGN

A significant bullish stance has been taken on Amgen (NASDAQ:AMGN) with 36 uncommon options trades spotted, the majority of which are calls. The sentiment among these big-money traders is split between 58% bullish and 41% bearish. The price range targeted by these traders for Amgen over the last 3 months is from $115.0 to $260.0. The current price of AMGN is $260.44. Analysts from RBC Capital, Credit Suisse, Barclays, and Oppenheimer have maintained their ratings on Amgen with price targets of $253, $200, $210, and $280 respectively.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 5:30 pm

ATEYY

LVMUY

PPRUY

TSLA

Hedge funds are taking a bearish stance on some of the hottest sectors, including electric vehicles, luxury brands, and AI tech, according to data from HazelTree. Companies like Tesla, Kering, and Advantest are being heavily shorted. Despite this, the actual percentage of shares being shorted is still relatively low.

Portfolio Pulse from AJ Fabino

August 09, 2023 | 5:23 pm

MELI

A significant amount of unusual options activity has been observed for MercadoLibre (NASDAQ:MELI), with a bullish stance taken by a majority of investors. The price target range for MercadoLibre over the last 3 months has been between $1070.0 to $1400.0. The company's stock price is currently down by 0.3% at $1324.41. Several financial institutions including Barclays, JP Morgan, and Credit Suisse have maintained their positive ratings on MercadoLibre.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 5:16 pm

IBM

A significant amount of unusual options activity has been detected for IBM (NYSE:IBM), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last 3 months is from $80.0 to $155.0. The current price of IBM is down -1.84% at $143.22. Analysts from BMO Capital, Morgan Stanley, Stifel, and B of A Securities have maintained their ratings on IBM, with price targets ranging from $135 to $160.

Portfolio Pulse from Benzinga Insights

August 09, 2023 | 5:15 pm

TDG

Susquehanna analyst Charles Minervino maintains a Neutral rating on TransDigm Gr (NYSE:TDG) and raises the price target from $820 to $850.

Portfolio Pulse from richadhand@benzinga.com

August 09, 2023 | 5:12 pm

LYFT

Susquehanna analyst Shyam Patil maintains a Neutral rating on Lyft (NASDAQ:LYFT) and raises the price target from $9 to $10.

Portfolio Pulse from richadhand@benzinga.com

August 09, 2023 | 5:11 pm

LNW

Susquehanna analyst Joseph Stauff maintains a positive outlook on Light & Wonder (NASDAQ:LNW), raising the price target from $81 to $86.

Portfolio Pulse from richadhand@benzinga.com

August 09, 2023 | 5:10 pm

KD

Susquehanna analyst James Friedman maintains a Neutral rating on Kyndryl Hldgs (NYSE:KD) and raises the price target from $14 to $15.

Portfolio Pulse from richadhand@benzinga.com

August 09, 2023 | 5:10 pm