Streetbeat News

Analyst Ratings

META

Meta Platforms, Inc. (NASDAQ:META) reported better-than-expected Q2 results with revenue of $32 billion, up 11% YoY, beating the Street consensus estimate of $31.12 billion. EPS was $2.98, surpassing the estimate of $2.91. Following the announcement, Meta shares surged 10.1% in pre-market trading. Analysts from Wells Fargo and Barclays raised their price targets on Meta.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 12:13 pm

PTC

Barclays analyst Saket Kalia maintains an Overweight rating on PTC and raises the price target from $163 to $166.

Portfolio Pulse from jenniferd'souza@benzinga.com

July 27, 2023 | 12:13 pm

OC

Barclays analyst Matthew Bouley maintains an Overweight rating on Owens-Corning (NYSE:OC) and raises the price target from $161 to $185.

Portfolio Pulse from jenniferd'souza@benzinga.com

July 27, 2023 | 12:11 pm

META

Barclays analyst Ross Sandler has maintained an Overweight rating on Meta Platforms (NASDAQ:META) and raised the price target from $320 to $410.

Portfolio Pulse from jenniferd'souza@benzinga.com

July 27, 2023 | 12:08 pm

TALK

Talkspace reported Q2 earnings per share (EPS) of $(0.03), beating the analyst consensus estimate of $(0.05) by 40%. The company also reported quarterly sales of $35.65M, surpassing the analyst consensus estimate of $33.74M by 5.65%. This represents an 80% increase in EPS and a 19.44% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 12:08 pm

CMG

Chipotle Mexican Grill, Inc. (NYSE:CMG) missed Q2 revenue estimates but beat earnings per share estimates. The company expects Q3 comparable restaurant sales growth to be in the low to mid-single-digit range. Following the earnings announcement, several analysts revised their price targets on Chipotle. Shares fell 8.3% in pre-market trading.

Portfolio Pulse from Lisa Levin

July 27, 2023 | 12:07 pm

LIVN

Barclays analyst Matt Miksic maintains an Equal-Weight rating on LivaNova (NASDAQ:LIVN) and raises the price target from $51 to $57.

Portfolio Pulse from jenniferd'souza@benzinga.com

July 27, 2023 | 12:07 pm

PATK

Patrick Industries reported Q2 earnings of $1.94 per share, beating the analyst consensus estimate of $1.83 by 6.01%. However, this is a 59.5% decrease from the same period last year. The company's quarterly sales of $920.68 million missed the analyst consensus estimate of $944.56 million by 2.53%, marking a 37.58% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 27, 2023 | 12:05 pm

EYE

Citigroup analyst Paul Lejuez has downgraded National Vision Holdings (NASDAQ:EYE) from Buy to Neutral and lowered the price target from $28 to $22.

Portfolio Pulse from richadhand@benzinga.com

July 27, 2023 | 12:05 pm

MXL

Craig-Hallum analyst Richard Shannon has downgraded MaxLinear (NASDAQ:MXL) from Buy to Hold and set a price target of $25.

Portfolio Pulse from richadhand@benzinga.com

July 27, 2023 | 12:04 pm