Streetbeat News

Analyst Ratings

ARWR

Cantor Fitzgerald analyst Alethia Young has maintained an Overweight rating on Arrowhead Pharma (NASDAQ:ARWR) but lowered the price target from $79 to $47.

Portfolio Pulse from richadhand@benzinga.com

August 08, 2023 | 5:32 pm

MNKD

Cantor Fitzgerald analyst Olivia Brayer has maintained an Overweight rating on MannKind (NASDAQ:MNKD) and raised the price target from $6.5 to $7.5.

Portfolio Pulse from richadhand@benzinga.com

August 08, 2023 | 5:31 pm

AMP

Ameriprise Financial's (NYSE:AMP) short percent of float has decreased by 14.02% since its last report, with 825 thousand shares sold short, representing 0.92% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. However, it does not necessarily mean that the stock price will rise in the near term. Compared to its peers, Ameriprise has less short interest, with the average for its peer group being 3.14%.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 5:30 pm

LNG

Cheniere Energy's (NYSE:LNG) short percent of float has risen 12.5% since its last report, with 3.27 million shares sold short, which is 1.35% of all regular shares available for trading. It would take traders 2.56 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Cheniere Energy's peer group average for short interest as a percentage of float is 3.62%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 5:30 pm

ANET

Arista Networks's (NYSE:ANET) short percent of float has fallen 3.95% since its last report, with 4.26 million shares sold short, which is 1.7% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Arista Networks has less short interest as a percentage of float, with an average of 7.22%.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 5:30 pm

DDOG

Datadog, Inc. (NASDAQ:DDOG) reported better-than-expected Q2 results but issued a weak sales forecast for Q3. The company's shares fell 22.7% in pre-market trading. Rosenblatt and Needham revised their price targets on Datadog following the earnings announcement.

Portfolio Pulse from Lisa Levin

August 08, 2023 | 5:29 pm

LLY

Wells Fargo analyst Mohit Bansal maintains an Overweight rating on Eli Lilly and raises the price target from $500 to $615.

Portfolio Pulse from richadhand@benzinga.com

August 08, 2023 | 5:24 pm

AMAT

A significant amount of unusual options activity has been observed for Applied Mat (NASDAQ:AMAT), with a bullish stance taken by a majority of investors. The targeted price range for Applied Mat over the last 3 months is from $80.0 to $165.0. The current price of AMAT is down -2.65% at $146.39. Citigroup, Mizuho, and B of A Securities have all maintained their Buy rating on Applied Mat, with price targets of $170, $152, and $165 respectively.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 5:15 pm

MRK

A significant amount of unusual options activity has been detected for Merck & Co (NYSE:MRK), with a bearish stance being taken by a majority of investors. The price target for Merck & Co over the last 3 months has been between $90.0 to $125.0. The current price of MRK is up 0.08% at $106.17. Analysts from Morgan Stanley and Truist Securities have maintained their ratings on Merck & Co, with price targets of $116 and $122 respectively.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 5:15 pm

SBUX

A significant amount of unusual options activity has been observed for Starbucks (NASDAQ:SBUX), with a majority of investors taking a bullish stance. The trades have targeted a price range of $80.0 to $100.0 for Starbucks over the last 3 months. The current price of SBUX is down -1.27% at $100.45. Analysts from Morgan Stanley, Wedbush, Wells Fargo, and Citigroup have given their ratings and price targets for the stock.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 5:15 pm