Streetbeat News

Analyst Ratings

NET

Mizuho analyst Michael Romanelli has reiterated a Neutral rating on Cloudflare, Inc. (NYSE:NET), raising the price target to $70 from $65. This follows Cloudflare's Q2 results, which saw a 32% YoY increase in revenue to $308.5 million, surpassing the Street's 30% forecast. The analyst believes Cloudflare can disrupt foundational security and networking areas and praises the company's strong positioning in Generative AI. The analyst raised FY23 revenue estimates to $1.287 billion from $1.283 billion and FY23 EPS to $0.37 from $0.35.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 7:20 pm

SHAK

Morgan Stanley analyst Brian Harbour has maintained an Equal-Weight rating on Shake Shack (NYSE:SHAK) and raised the price target from $68 to $70.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 7:19 pm

FND

Telsey Advisory Group analyst Joseph Feldman has reiterated the Market Perform rating on Floor & Decor Holdings, Inc. (NYSE:FND), raising the price target to $105 from $85. Despite reporting Q2 results with net sales of $1.135 billion, a 4.2% Y/Y increase, the company lowered its 2023 guidance due to a slow start in Q3 and soft housing market trends. The company's shares are trading lower by 6.5% to $103.75.

Portfolio Pulse from Nabaparna Bhattacharya

August 04, 2023 | 7:19 pm

EXPE

MA

WMT

Analysts from Credit Suisse, JMP Securities, Benchmark, Mizuho, and Susquehanna have provided their insights on Expedia Group Inc (EXPE) following its 2Q23 results. The results showed a revenue shortfall due to lower gross bookings, offset by strength in B2B. The company's adjusted EBITDA exceeded forecasts, driven by higher gross profits and lower operating expenses. The analysts highlighted the potential for faster product innovation, bookings growth, and marketing leverage. They also noted the company's ongoing tech stack/Vrbo migration and the launch of One Key. The analysts have mixed views on the company's stock, with some maintaining a Hold rating while others have an Outperform or Buy rating.

Portfolio Pulse from Anusuya Lahiri

August 04, 2023 | 7:18 pm

SDGR

Morgan Stanley analyst Vikram Malhorta has reiterated an Equal-Weight rating on Schrodinger (NASDAQ:SDGR) and maintained a $52 price target.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 7:18 pm

CME

A whale investor has taken a bullish stance on CME Group (NASDAQ:CME), with 54% of investors opening trades with bullish expectations and 45% with bearish. The whale has been targeting a price range from $180.0 to $230.0 for CME Group over the last 3 months. The price of CME is up 1.9% at $206.7. Citigroup downgraded its action to Buy with a price target of $210, while Keefe, Bruyette & Woods and Morgan Stanley maintained their Market Perform and Equal-Weight ratings respectively.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 7:16 pm

VALE

Benzinga's options scanner detected over 12 options trades for Vale (NYSE:VALE) totaling $1,491,835. Whales have been targeting a price range from $12.0 to $17.0 for Vale over the last 3 months. The price of VALE is up 0.54% at $13.88. Wolfe Research upgraded its action to Outperform with a price target of $17, while RBC Capital downgraded its action to Outperform with a price target of $15.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 7:16 pm

GNRC

Truist Securities analyst Jordan Levy upgraded Generac Holdings Inc (GNRC) to Buy from Hold at a $160 price target following Q2 FY23 results. Despite a 23% YoY sales decline, the company reported Q2 sales of $1.00 billion, above the consensus of $985.02 billion. The analyst revised FY23 revenues to $4.05 billion and EBITDA estimate to $643 million. For FY24, the analyst expects a gross margin expansion to 36% with a higher residential segment revenue and recovery in home standby generators.

Portfolio Pulse from Lekha Gupta

August 04, 2023 | 7:16 pm

SNDR

Morgan Stanley analyst Ravi Shanker has reiterated an Overweight rating on Schneider National (NYSE:SNDR) and maintained a $36 price target.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 7:14 pm

SABR

Morgan Stanley analyst Josh Baer has maintained an Equal-Weight rating on Sabre (NASDAQ:SABR) and kept the price target at $5.5.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 7:14 pm