Streetbeat News

Analyst Ratings

HOOD

Barclays analyst Ross Sandler maintains an Underweight rating on Robinhood Markets (NASDAQ:HOOD) and raises the price target from $10 to $11.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:01 pm

SHOP

Barclays analyst Trevor Young has maintained an Equal-Weight rating on Shopify (NYSE:SHOP) and raised the price target from $50 to $53.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 1:01 pm

DXC

DXC Technology reported worse-than-expected Q1 results, with a revenue decline of 7.0% Y/Y to $3.45 billion, missing the consensus of $3.56 billion. Adjusted EPS was $0.63, down from $0.75, missing the consensus of $0.82. The company also lowered its FY24 outlook. Following the announcement, DXC shares fell 22.4% in pre-market trading. Analysts from BMO Capital, RBC Capital, and Deutsche Bank downgraded the stock and cut their price targets.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 1:00 pm

ARAV

RHHBY

Aravive Inc's shares have plummeted after its Phase 3 AXLerate-OC trial for batiraxcept in platinum-resistant ovarian cancer failed to meet its primary endpoint. The trial showed no difference between the two arms in the overall population. The company will continue to evaluate the complete dataset and determine the next steps in developing batiraxcept. William Blair analysts have downgraded Aravive shares to a Market Perform rating due to a lack of significant upcoming clinical milestones and limited cash runway.

Portfolio Pulse from Vandana Singh

August 04, 2023 | 1:00 pm

RVLV

Barclays analyst Trevor Young has maintained an 'Underweight' rating on Revolve Group (NYSE:RVLV) and lowered the price target from $17 to $15.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:59 pm

BCOV

Rosenblatt analyst Steve Frankel has reiterated a 'Buy' rating on Brightcove (NASDAQ:BCOV) and maintained a price target of $9.

Portfolio Pulse from richadhand@benzinga.com

August 04, 2023 | 12:58 pm

EHC

Barclays analyst Jason Goldberg maintains an Equal-Weight rating on Encompass Health (NYSE:EHC) and raises the price target from $61 to $71.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:58 pm

DASH

Barclays analyst Ross Sandler has maintained an Equal-Weight rating on DoorDash (NYSE:DASH) and raised the price target from $75 to $90.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:58 pm

SHC

Sotera Health (NASDAQ:SHC) reported Q2 earnings of $0.21 per share, beating the analyst consensus estimate of $0.18 by 16.67%. However, this is a 22.22% decrease from the same period last year. The company's quarterly sales of $255.28 million missed the analyst consensus estimate of $261.05 million by 2.21%, marking a 4.26% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:58 pm

PBI

Pitney Bowes reported Q2 losses of $(0.02) per share, beating the analyst consensus estimate of $(0.04) by 50%. However, the company's quarterly sales of $776.48 million missed the analyst consensus estimate of $809.61 million by 4.09%. This represents a 10.90% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:58 pm