Streetbeat News

Analyst Ratings

PLTR

Palantir Technologies, Inc. (NYSE:PLTR) shares fell in premarket trading despite reporting Q2 earnings and revenue in line with consensus estimates and raising full-year revenue guidance. The company also reported profitability for a third straight quarter. The stock's negative reaction could be due to broader market weakness, failure to outperform in Q2, and slowdown in the growth of the government segment. Wedbush analyst Daniel Ives maintained an Outperform rating and a $25 price target, while DA Davidson nearly doubled its price target from $8.5 to $15.

Portfolio Pulse from Shanthi Rexaline

August 08, 2023 | 11:45 am

SCU

Sculptor Cap (NYSE:SCU) reported Q2 earnings of $0.00 per share, missing the analyst consensus estimate of $0.25 by 99.6%. This is a 99.82% decrease from the same period last year. The company also reported quarterly sales of $68.30 million, missing the analyst consensus estimate of $76.78 million by 11.04%. This is a 39.29% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2023 | 11:44 am

ALNY

Chardan Capital analyst Keay Nakae has reiterated a 'Buy' rating on Alnylam Pharmaceuticals (NASDAQ:ALNY) and maintained a price target of $250.

Portfolio Pulse from richadhand@benzinga.com

August 08, 2023 | 11:43 am

BIIB

CHGG

PAY

SOVO

Several companies have had their price targets adjusted by analysts. Piper Sandler raised the price target for Chegg, Inc. (CHGG) from $11 to $13, while Atlantic Equities cut Biogen Inc.'s (BIIB) price target from $282 to $275. Goldman Sachs boosted the price target for Paymentus Holdings, Inc. (PAY) from $9 to $12, and JP Morgan increased the price target for Sovos Brands, Inc. (SOVO) from $21 to $23. Other companies with adjusted price targets include Genius Sports Limited (GENI), Enanta Pharmaceuticals, Inc. (ENTA), Axsome Therapeutics, Inc. (AXSM), Datadog, Inc. (DDOG), DraftKings Inc. (DKNG), Coinbase Global, Inc. (COIN), and Five9, Inc. (FIVN).

Portfolio Pulse from Lisa Levin

August 08, 2023 | 11:43 am

QSR

Stephens & Co. analyst Joshua Long has reiterated an Equal-Weight rating on Restaurant Brands Intl (NYSE:QSR) and maintained a $77 price target.

Portfolio Pulse from richadhand@benzinga.com

August 08, 2023 | 11:42 am

VEL

Raymond James analyst Stephen Laws maintains an Outperform rating on Velocity Financial (NYSE:VEL) and raises the price target from $12.5 to $17.5.

Portfolio Pulse from richadhand@benzinga.com

August 08, 2023 | 11:41 am

STAG

Raymond James analyst William Crow maintains an Outperform rating on Stag Industrial (NYSE:STAG) and raises the price target from $36 to $39.

Portfolio Pulse from richadhand@benzinga.com

August 08, 2023 | 11:40 am

PWSC

Raymond James analyst Brian Peterson has maintained an Outperform rating on PowerSchool Holdings (NYSE:PWSC) and raised the price target from $23 to $25.

Portfolio Pulse from richadhand@benzinga.com

August 08, 2023 | 11:40 am

PAY

Raymond James analyst John Davis maintains an Outperform rating on Paymentus Holdings (NYSE:PAY) and raises the price target from $10 to $13.

Portfolio Pulse from richadhand@benzinga.com

August 08, 2023 | 11:39 am

AYX

Alteryx reported a 4% Y/Y increase in Q2 revenue to $188 million, beating the consensus of $182.2 million. However, the company issued a weak Q3 guidance, expecting revenues of $208 million - $212 million, below the consensus of $233.04 million. Following the earnings announcement, analysts from Piper Sandler, Rosenblatt, and Needham lowered their price targets on Alteryx. Alteryx shares fell 26.1% in pre-market trading.

Portfolio Pulse from Lisa Levin

August 08, 2023 | 11:37 am