Streetbeat News

Analyst Ratings

DKNG

MGM

DraftKings Inc (NASDAQ:DKNG) is set to report its Q2 financial results, with analysts expecting a revenue of $759.55 million. The company has consistently beaten revenue estimates in the past six quarters. DraftKings raised its full-year revenue guidance after Q1 results, and analysts predict another raise after Q2 results. However, some analysts are less optimistic due to potential negative catalysts such as Fanatics' entry into sports betting and tribes limiting state expansion.

Portfolio Pulse from Chris Katje

August 04, 2023 | 1:28 pm

COCO

Goldman Sachs analyst Bonnie Herzog maintains a Buy rating on Vita Coco (NASDAQ:COCO) and raises the price target from $27 to $35.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:28 pm

MUSA

Stephens & Co. analyst Ben Bienvenu has reiterated an Overweight rating on Murphy USA (NYSE:MUSA) and maintained a price target of $370.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 1:28 pm

U

Goldman Sachs analyst Kash Rangan has maintained a Neutral rating on Unity Software (NYSE:U) and raised the price target from $40 to $45.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:28 pm

PYPL

PayPal Holdings Inc (NASDAQ:PYPL) reported Q2 results showing a sequential decline in active accounts, leading to a drop in its share price. Despite a YoY revenue increase of 7% to $7.29 billion and quarterly earnings of $1.16 per share, both beating estimates, the company's active accounts fell from 433 million in Q1 to 431 million. Following the results, multiple analysts lowered their price targets for PayPal. The company anticipates Q3 revenue of approximately $7.4 billion and reiterated full-year earnings guidance of approximately $4.95 per share.

Portfolio Pulse from Adam Eckert

August 04, 2023 | 1:27 pm

SPNS

Goldman Sachs analyst Kevin Kumar has maintained a 'Buy' rating on Sapiens Intl Corp (NASDAQ:SPNS) and raised the price target from $28 to $34.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:27 pm

SHOP

Goldman Sachs analyst Gabriela Borges maintains a Neutral rating on Shopify (NYSE:SHOP) and raises the price target from $59 to $65.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:27 pm

QRVO

Susquehanna analyst Christopher Rolland maintains a Neutral rating on Qorvo (NASDAQ:QRVO) and raises the price target from $105 to $110.

Portfolio Pulse from jenniferd'souza@benzinga.com

August 04, 2023 | 1:27 pm

DRVN

Credit Suisse analyst Karen Short has maintained a Neutral rating on Driven Brands Holdings (NASDAQ:DRVN) and lowered the price target from $31 to $17.

Portfolio Pulse from jenniferd'souza@benzinga.com

August 04, 2023 | 1:27 pm

FTDR

JP Morgan analyst Cory Carpenter maintains an Overweight rating on Frontdoor (NASDAQ:FTDR) and raises the price target from $38 to $45.

Portfolio Pulse from jenniferd'souza@benzinga.com

August 04, 2023 | 1:27 pm