Streetbeat News

Analyst Ratings

FTNT

A significant bearish stance has been taken on Fortinet (NASDAQ:FTNT) by a large investor, as observed from the options history. The sentiment among big-money traders is split between 41% bullish and 58% bearish. The whales have been targeting a price range from $50.0 to $80.0 for Fortinet over the last 3 months. The current price of FTNT is $57.33, up 0.99%. Analysts from Baird, Barclays, Rosenblatt, and TD Cowen have maintained their positive ratings on Fortinet with price targets ranging from $70 to $93.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 2:46 pm

COST

A significant investor has taken a bullish stance on Costco Wholesale (NASDAQ:COST), with 50% of recent trades being bullish and 50% bearish. The trades include 4 puts totaling $646,839 and 6 calls totaling $354,793. The price target for Costco over the last 3 months has been between $250 and $840. The current price of COST is up 1.22% at $558.76. Analysts from Jefferies, Truist Securities, and Oppenheimer maintain a 'Buy' rating on Costco, while Telsey Advisory Group and Citigroup have downgraded their ratings to 'Outperform' and 'Neutral' respectively.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 2:45 pm

DISH

GTN

NCMI

NXST

VZ

Benzinga Insights has identified five value stocks in the communication services sector based on quantified analysis. These include National CineMedia (NCMI), Gray Television (GTN), DISH Network (DISH), Verizon Communications (VZ), and Nexstar Media Gr (NXST). The companies have shown varying performance in terms of earnings per share and dividend yield.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 2:45 pm

TEAM

Atlassian Corp (NASDAQ:TEAM) shares are trading lower by 3.9% to $191.07, following strong performance last week. The company reported Q4 earnings of 57 cents per share, exceeding the analyst consensus estimate of 43 cents, a 111% increase YoY. Quarterly sales were $939.10 million, surpassing the analyst consensus estimate of $911.23 million by 3%, a 24% increase YoY. The company's co-founders and co-CEOs expressed confidence in their strategy and highlighted strong momentum in cloud migrations, enterprise sales, and the ITSM market.

Portfolio Pulse from Henry Khederian

August 07, 2023 | 2:45 pm

ADV

Morgan Stanley analyst Toni Kaplan has reiterated an Equal-Weight rating on Advantage Solutions (NASDAQ:ADV) and maintained a $3 price target.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 2:44 pm

AMD

Advanced Micro Devices, Inc. (AMD) shares are trading higher by 1.7% to $117.80, rebounding after recent weakness due to lower than expected third-quarter guidance and a downgrade of the US's long-term credit rating by Fitch. Morgan Stanley has called the recent selloff a buying opportunity, citing potential growth from the launch of the MI300 data center GPU in Q4 and partnerships in the AI space. AMD's Q2 earnings per share were 58 cents, beating estimates but down 44.76% YoY.

Portfolio Pulse from Henry Khederian

August 07, 2023 | 2:44 pm

ACRX

ALLR

HSDT

HSTO

OGN

Benzinga Insights has identified five value stocks in the healthcare sector based on quantified analysis. These include AcelRx Pharmaceuticals (ACRX), Organon (OGN), Histogen (HSTO), Allarity Therapeutics (ALLR), and Helius Medical Tech (HSDT). The companies have shown varying performance in their earnings per share, with some experiencing increases and others decreases.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 2:43 pm

TXG

Morgan Stanley analyst Tejas Savant has reiterated an Overweight rating on 10x Genomics (NASDAQ:TXG) and maintained a $65 price target.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 2:43 pm

MARA

Marathon Digital Holding's stock has been downgraded from Buy to Neutral by Chardan Capital, which maintained its $15 price target. This has resulted in a decrease in the trading value of Marathon's shares.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 2:40 pm

ZG

Barclays analyst Trevor Young maintains an Underweight rating on Zillow Gr (NASDAQ:ZG) and raises the price target from $30 to $36.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2023 | 2:38 pm