Streetbeat News

Analyst Ratings

MANH

Analysts have provided bullish ratings for Manhattan Associates (NASDAQ:MANH) in the last quarter, with 2 bullish, 1 somewhat bullish, and 1 indifferent. The company has an average 12-month price target of $211.25, up by 16.55% from the previous average of $181.25.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 8:00 pm

RHI

In the last quarter, Robert Half (NYSE:RHI) received 2 bullish, 2 indifferent, and 1 somewhat bearish analyst ratings. The company's average 12-month price target is $75.2, up 1.62% from the previous average of $74.00.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 8:00 pm

ANET

Arista Networks, Inc. (NYSE:ANET) shares are trading lower despite JMP Securities analyst raising the company's price target from $165 to $200 and Rosenblatt analyst maintaining the $175 price target. The company is set to report Q2 earnings on July 31, expecting earnings of $1.44 per share and revenue of $1.38 billion.

Portfolio Pulse from Ryan Gustafson

July 26, 2023 | 7:58 pm

MMSI

Merit Medical Systems Inc (MMSI) reported Q2 FY23 revenue of $320.1 million, up 8.5% Y/Y, beating the consensus of $310.45 million. The company's adjusted gross margin was 51.4%, compared to 49.3% a year ago. Despite beating expectations, the company maintained its 2023 revenue and EPS guidance, implying slower growth in 2H23 due to headwinds from volume-based purchasing in China and Russian sanctions. Needham analysts maintain a Buy with a price target of $96.

Portfolio Pulse from Vandana Singh

July 26, 2023 | 7:50 pm

LYG

Lloyds Banking Group's (NYSE:LYG) short percent of float has fallen 28.57% since its last report, with 8.36 million shares sold short, which is 0.05% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Lloyds. Compared to its peers, Lloyds has less short interest.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 7:30 pm

D

Dominion Energy's short percent of float has risen 19.3% since its last report, with 5.68 million shares sold short, which is 0.68% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, Dominion Energy's peer group average for short interest as a percentage of float is 1.96%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 7:30 pm

CPRT

Copart's (NYSE:CPRT) short percent of float has fallen 5.61% since its last report, with 4.35 million shares sold short, which is 1.01% of all regular shares available for trading. It would take traders 2.21 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 3.97% for its peer group.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 7:30 pm

SPOT

Spotify's shares are trading higher following an upgrade to 'Buy' by Deutsche Bank.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 7:21 pm

TTD

Trade Desk (NASDAQ:TTD) has seen unusual options activity, with a significant bearish stance taken by a whale investor. Of the 14 strange trades detected, 35% were bullish and 64% were bearish. Whales have been targeting a price range from $78.0 to $140.0 for Trade Desk over the last 3 months. Redburn Partners and Needham have downgraded their ratings to 'Sell' and 'Buy' respectively, with price targets of $34 and $80. Morgan Stanley maintains an 'Overweight' rating with a price target of $105.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 7:16 pm

AMT

Unusual options activity has been observed for American Tower (NYSE:AMT), with a large position indicating a bullish stance. The overall sentiment of these big-money traders is split between 72% bullish and 27% bearish. The price target range for American Tower over the last 3 months has been $185.0 to $200.0. Wells Fargo maintains an Overweight rating on American Tower with a price target of $215, while BMO Capital downgraded its action to Outperform with a price target of $230.

Portfolio Pulse from Benzinga Insights

July 26, 2023 | 7:16 pm