Streetbeat News

Analyst Ratings

DELL

Dell Technologies Inc. (DELL) shares are trading higher after Morgan Stanley raised its bull case valuation on the stock from $81 to $84. The firm's checks indicate that Dell is ramping up its AI server builds, with orders for 15k to 25k AI servers in 2023-2024. Morgan Stanley estimates AI servers could represent a $5 billion annual revenue business for Dell. However, GPU availability remains a challenge for Dell in realizing AI server revenue currently.

Portfolio Pulse from Ryan Gustafson

August 08, 2023 | 7:41 pm

CARA

Piper Sandler analyst David Amsellem has maintained an Overweight rating on Cara Therapeutics (NASDAQ:CARA), but lowered the price target from $13 to $12.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 7:30 pm

HIMS

Hims & Hers Health, Inc. (NYSE:HIMS) reported Q2 earnings, beating top and bottom lines, and raised its full year 2023 revenue guidance. The company reported quarterly losses of three cents per share, beating the analyst consensus estimate of losses of six cents. Quarterly sales were $207.91 million, beating the analyst consensus estimate of $204.62 million. Subscribers grew to 1.3 million, up 74% YoY. Full year 2023 revenue guidance was raised to between $830 million and $850 million. Credit Suisse analyst Jonathan Yong reiterated Hims & Hers Health with an Outperform and maintained the $14 price target.

Portfolio Pulse from Ryan Gustafson

August 08, 2023 | 7:28 pm

SWAV

ShockWave Medical, Inc. (NASDAQ:SWAV) reported mixed Q2 results with an EPS miss and revenue beat. The company raised its full-year 2023 revenue guidance to between $725 million and $730 million. Two analysts changed their price targets on the stock, with Needham raising it from $325 to $330 and Wells Fargo lowering it from $275 to $251. Shares of SWAV were down 9.10% at the time of publication.

Portfolio Pulse from Ryan Gustafson

August 08, 2023 | 7:26 pm

CPT

Truist Securities analyst Michael Lewis reiterated a Buy rating on Camden Property Trust (NYSE:CPT), raising the price target to $134 from $127. The analyst projects 5.2% YoY same-store revenue growth in 2023 and 4.6% SSNOI growth. The 2023 FFO estimate was increased to $6.86 per share, primarily due to higher same-store growth projections. For FY24, the FFO estimate was raised to $7.23 per share. However, CPT shares are trading lower by 1.21% to $108.57.

Portfolio Pulse from Nabaparna Bhattacharya

August 08, 2023 | 7:26 pm

SNOW

Shares of Snowflake Inc (NYSE:SNOW) are trading lower by 5.9% after Datadog issued weak guidance, which may be interpreted as an indicator of potential industry-wide challenges. This could lead to concerns about reduced demand or other difficulties affecting technology companies, including Snowflake. Despite exceeding market projections for Q2, Datadog's Q3 projections are lower than expected, which may erode investor confidence in the sector.

Portfolio Pulse from Henry Khederian

August 08, 2023 | 7:21 pm

ADPT

Piper Sandler analyst David Westenberg maintains an Overweight rating on Adaptive Biotechnologies (NASDAQ:ADPT) but lowers the price target from $15 to $14.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 7:17 pm

INTU

A significant amount of unusual options activity has been detected for Intuit (NASDAQ:INTU), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $410.0 to $540.0 for Intuit over the last 3 months. The price of INTU is currently down -1.01% at $500.13. Keybanc maintains an Overweight rating on Intuit with a price target of $525, while Mizuho downgraded its action to Buy with a price target of $550, and Exane BNP Paribas upgraded its action to Neutral with a price target of $532.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 7:15 pm

LI

A large investor has taken a bullish stance on Li Auto (NASDAQ:LI), with 29 uncommon options trades spotted for the company. The sentiment of these big-money traders is split between 51% bullish and 48% bearish. The whales have been targeting a price range from $28.0 to $65.0 for Li Auto over the last 3 months. The price of LI is currently down -7.9% at $42.97.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 7:15 pm

EXAS

Piper Sandler analyst David Westenberg maintains a Neutral rating on Exact Sciences (NASDAQ:EXAS) and raises the price target from $80 to $90.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 7:11 pm