Streetbeat News

Analyst Ratings

ALNY

AZN

IONS

Citi analyst has upgraded Ionis Pharmaceuticals Inc (IONS) from Neutral to Buy with a price target of $60, up from $36, due to key pipeline developments. Ionis recently completed enrollment in Phase 3 CARDIO-TTRansform study of eplontersen and expanded its collaboration with AstraZeneca (AZN) for commercialization of eplontersen in Latin America. The FDA decision for eplontersen is expected by YE2023. The analyst also shows interest in donidalorsen for HAE, with a pivotal Phase 3 readout expected in the first half of 2024.

Portfolio Pulse from Vandana Singh

July 31, 2023 | 5:55 pm

SG

Piper Sandler analyst Brian Mullan upgraded Sweetgreen, Inc. (NYSE:SG) from Neutral to Overweight, raising the price target to $19 from $13. The upgrade is based on the potential of the company's new automated ordering technology, which is expected to significantly boost margins. The technology is expected to contribute to a 300 to 350 bps lift to SG's consolidated margins by the end of the decade.

Portfolio Pulse from Nabaparna Bhattacharya

July 31, 2023 | 5:50 pm

LYFT

UBER

DA Davidson analyst Tom White reiterated a Buy rating for Uber Technologies, Inc (UBER) with a $62 price target. The rating was based on a comparison of trip prices and wait times between Uber and its main competitor, Lyft, Inc (LYFT). Uber's quoted rideshare prices were found to be ~3% lower than Lyft's, and its wait times were 31% shorter on average. Despite Lyft's recent pricing changes and increased US category share, mobile app engagement and download data suggest little change in the market share landscape.

Portfolio Pulse from Anusuya Lahiri

July 31, 2023 | 5:46 pm

SYK

A significant bearish stance has been taken on Stryker (NYSE:SYK) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is 94% bearish. The whales have been targeting a price range from $200.0 to $290.0 for Stryker over the last 3 months. Truist Securities and RBC Capital have maintained their Hold and Outperform ratings on Stryker, respectively, with price targets of $310 and $325.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 5:46 pm

TTD

A significant amount of unusual options activity has been observed for Trade Desk (NASDAQ:TTD), with a majority of investors taking a bullish stance. Whales have been targeting a price range from $70.0 to $105.0 for Trade Desk over the last 3 months. However, expert opinions vary, with some downgrading their action to Sell and others maintaining a Buy or Overweight rating.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 5:45 pm

IBM

A significant number of investors have taken a bearish stance on IBM (NYSE:IBM), with 75% of detected trades showing bearish expectations. The whales have been targeting a price range from $60.0 to $150.0 for IBM over the last 3 months. The current price of IBM is $143.82, up 0.26%. Analysts have mixed opinions, with JP Morgan, Wedbush, and Morgan Stanley downgrading their ratings to Neutral or Equal-Weight, while BMO Capital and Stifel maintain their ratings.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 5:45 pm

URI

United Rentals shares are trading higher after Barclays maintained an Underweight rating on the stock but raised its price target from $315 to $325.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 5:38 pm

NIO

UBS has maintained a Neutral rating on NIO's stock and increased its price target from $13 to $15. This has led to NIO's shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 5:36 pm

MCD

A significant bearish stance has been taken on McDonald's (NYSE:MCD) as indicated by unusual options activity. The sentiment among big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $275.0 to $320.0 for McDonald's over the last 3 months. The current price of MCD is down -0.7% at $291.97. Several financial institutions have maintained their positive ratings on McDonald's with price targets ranging from $310 to $330.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 5:31 pm

OXY

A significant bearish stance has been taken on Occidental Petroleum (NYSE:OXY) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is 75% bearish. The whales have been targeting a price range from $50.0 to $80.0 for Occidental Petroleum over the last 3 months. The current price of OXY is up 1.25% at $62.85. Analysts from Susquehanna, Morgan Stanley, Raymond James, Stephens & Co., and Citigroup have maintained their ratings with varying price targets.

Portfolio Pulse from Benzinga Insights

July 31, 2023 | 5:31 pm