Streetbeat News

Analyst Ratings

AWI

CRBU

DOV

GATX

GE

GOOGL

LVLU

NTAP

NXPI

PHM

SPOT

Several analyst forecasts were released for Wednesday, with price target changes for Caribou Biosciences, Armstrong World Industries, Alphabet, General Electric, Spotify, Dover Corporation, NetApp, PulteGroup, NXP Semiconductors, Lulu's Fashion Lounge Holdings, and GATX Corporation. Most of the companies saw their price targets raised, with a few exceptions.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 11:46 am

COIN

GOOGL

IRDM

MRNA

SNAP

SPOT

T

TSLA

The US market saw a decrease in volatility with the Fed decision in focus. Jim Cramer warned investors to be cautious with Alphabet's stock post-earnings. Cathie Wood's Ark Invest increased its stake in Moderna and bought Spotify and Iridium shares, while trimming Tesla and Coinbase holdings. In crypto, Dogecoin surpassed Cardano to become the 7th largest crypto and jumped 7% after Elon Musk shared a logo made by DOGE designer. AT&T is expected to report lower Q2 earnings. Snap's stock crashed premarket. Elon Musk's X Corp. reportedly reduced ad prices to attract brands on Twitter.

Portfolio Pulse from Akanksha Bakshi

July 26, 2023 | 11:43 am

BENF

BHRB

NCPL

PAYS

TCJH

The article lists the top 5 oversold financial stocks that may surge in Q3. These include Top KingWin Ltd (TCJH), Netcapital Inc. (NCPL), PaySign, Inc. (PAYS), Burke & Herbert Financial Services Corp. (BHRB), and Beneficient (BENF). The stocks are considered oversold as their Relative Strength Index (RSI) is near or below 30.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 11:36 am

ANET

Rosenblatt analyst Mike Genovese has reiterated a 'Buy' rating on Arista Networks (NYSE:ANET) and maintained a price target of $175.

Portfolio Pulse from richadhand@benzinga.com

July 26, 2023 | 11:29 am

SPOT

Spotify Technology SA (NYSE:SPOT) reported a Q2 loss, with revenue growth of 11% YoY to $3.46 billion, missing the consensus of $3.57 billion. The company expects Q3 revenue of $3.78 billion. Following the earnings announcement, several analysts adjusted their price targets on Spotify. Goldman Sachs raised the price target from $156 to $163, Barclays from $180 to $182, Rosenblatt from $141 to $150, and Deutsche Bank upgraded Spotify from Hold to Buy with a $180 price target.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 11:29 am

SNAP

Rosenblatt analyst Barton Crockett has reiterated a Neutral rating on Snap (NYSE:SNAP) and maintained a $9 price target.

Portfolio Pulse from richadhand@benzinga.com

July 26, 2023 | 11:28 am

TXN

Rosenblatt analyst Hans Mosesmann has reiterated a 'Buy' rating on Texas Instruments (NASDAQ:TXN) and maintained a price target of $230.

Portfolio Pulse from richadhand@benzinga.com

July 26, 2023 | 11:27 am

FIVN

Rosenblatt analyst Catharine Trebnick maintains a 'Buy' rating on Five9 (NASDAQ:FIVN) and raises the price target from $85 to $105.

Portfolio Pulse from richadhand@benzinga.com

July 26, 2023 | 11:26 am

GOOGL

Rosenblatt analyst Barton Crockett maintains a 'Buy' rating on Alphabet (NASDAQ:GOOGL) and raises the price target from $132 to $163.

Portfolio Pulse from richadhand@benzinga.com

July 26, 2023 | 11:25 am

SPOT

Rosenblatt analyst Barton Crockett maintains a Neutral rating on Spotify Technology (NYSE:SPOT) and raises the price target from $141 to $150.

Portfolio Pulse from richadhand@benzinga.com

July 26, 2023 | 11:23 am