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Analyst Ratings

AUDC

AudioCodes (NASDAQ:AUDC) reported Q2 earnings of $0.16 per share, beating the analyst consensus estimate of $0.10 by 60%. However, this is a 52.94% decrease from the same period last year. The company's quarterly sales of $60.20 million missed the analyst consensus estimate of $60.38 million by 0.30%, marking an 11.94% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 01, 2023 | 6:07 am

BLK

BTCUSD

ETHUSD

Analysts have identified three potential catalysts for Bitcoin's growth: the launch of Bitcoin ETFs, Ethereum's growth, and the exploration of central bank digital currencies by world governments. A federal court is expected to make a decision this fall on the SEC's rejection of Grayscale Investments' application to convert the Grayscale Bitcoin Trust into an ETF. This could significantly impact the future of Bitcoin ETFs and the cryptocurrency market. Ethereum's growth and the exploration of central bank digital currencies by world governments could also drive Bitcoin's growth.

Portfolio Pulse from Benzinga Neuro

August 01, 2023 | 5:10 am

CNBS

MJ

POTX

THCX

TOKE

YOLO

Analysts from Zuanic & Associates (Z&A) have discussed the potential impact of cannabis rescheduling on Multi-State Operators (MSOs) and cannabis stocks. They suggest that rescheduling may not be beneficial for MSOs and that the industry should consider the consequences of medical marijuana rescheduling. They also recommend lobbying for the removal of 280E without rescheduling. The report mentions several cannabis ETFs, including Cambria Cannabis ETF (TOKE), Amplify Seymour Cannabis ETF (CNBS), AdvisorShares Pure Cannabis ETF (YOLO), ETFMG Alternative Harvest (MJ), AXS Cannabis ETF (THCX), and Global X Cannabis ETF (POTX).

Portfolio Pulse from Nicolás Jose Rodriguez

July 31, 2023 | 10:14 pm

SON

Sonoco Prods (NYSE:SON) reported Q2 adjusted earnings of $1.38 per share, missing the analyst consensus estimate of $1.50 by 8 percent. This is a 21.59 percent decrease from the same period last year. The company also reported quarterly sales of $1.71 billion, missing the analyst consensus estimate of $1.83 billion by 6.98 percent, a 10.87 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 10:03 pm

BABA

Truist analyst Youssef Squali reiterated a Buy rating on Alibaba Group Holding Limited (NYSE:BABA) with a price target of $130. Squali expects Alibaba's 2H performance to be bolstered by China's economic policies and international commerce. He anticipates a 9% Y/Y growth in total revenue in F1Q24 due to recovery in China Commerce. Alibaba's International Commerce is expected to achieve +24% Y/Y growth in 1Q24, bolstered by a recovering Europe and the U.S. market and rapid growth in Southeast Asia. Alibaba's management reshuffle and organizational restructuring are seen as positive moves for the company's growth.

Portfolio Pulse from Anusuya Lahiri

July 31, 2023 | 9:48 pm

CVI

CVR Energy (NYSE:CVI) reported Q2 earnings of $1.64 per share, beating the analyst consensus estimate of $1.21 by 35.54%. However, this is a 33.06% decrease from the same period last year. The company's quarterly sales of $2.24 billion missed the analyst consensus estimate of $2.25 billion by 0.62%, marking a 28.88% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 9:41 pm

TCOM

Analysts have given bullish ratings to Trip.com Group (NASDAQ:TCOM) in the last quarter, with an average price target of $50.17, a high of $55.00, and a low of $45.00. The average price target has increased by 16.67% over the past month.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 9:26 pm

CARR

In the last quarter, Carrier Global (NYSE:CARR) received 1 bullish, 3 somewhat bullish, and 6 indifferent ratings from analysts. The average price target is $54.7, which is lower than the current price of $59.55. The average price target has increased by 9.84% over the past month.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 9:25 pm

VLO

Valero Energy (NYSE:VLO) has received various analyst ratings in the last quarter, with a total of 4 bullish, 4 somewhat bullish, 2 indifferent, and 1 bearish. The company's average 12-month price target is $145.45, a decrease of 6.88% from the previous average of $156.20.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 9:24 pm

NYXH

Over the last quarter, Nyxoah (NASDAQ:NYXH) has received four analyst ratings, all of which were either bullish or somewhat bullish. The average 12-month price target for the company is $13.5, representing an 11.94% decrease from the previous average price target of $15.33.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 9:23 pm