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Analyst Ratings

T

AT&T Inc. is expected to report lower Q2 earnings at 54 cents per share, down from 65 cents per share a year ago. The company's revenue is projected to be $26.91 billion. AT&T shares fell 1% to close at $14.80 on Tuesday. Several analysts have recently adjusted their price targets for the company, with most seeing an upside in the stock.

Portfolio Pulse from Lisa Levin

July 26, 2023 | 6:40 am

PERF

Perfect (NYSE:PERF) reported Q2 earnings per share (EPS) of $(0.00), beating the analyst consensus estimate of $(0.01) by 80 percent. However, the company's quarterly sales of $12.70 million missed the analyst consensus estimate of $12.96 million by 2.01 percent.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:02 am

GOOG

GOOGL

MSFT

Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) reported better than expected Q2 results, driven by strong performance in its cloud business and ad revenue recovery. KeyBanc Capital Markets analyst Justin Patterson maintained an Overweight rating and raised the price target from $140 to $145. Google Cloud's revenue growth was 28%, exceeding KeyBanc's 5% growth forecast. Alphabet's AI capabilities were also highlighted as a potential driver for future growth. Alphabet shares ended Tuesday's regular session up 0.56% at $122.21 and climbed an additional 6.08% in the after-hours session.

Portfolio Pulse from Shanthi Rexaline

July 26, 2023 | 5:54 am

TSLA

Tesla Inc's CEO, Elon Musk, has stated that affordability is the limiting factor for people in the US buying Tesla vehicles, not a lack of interest. This was in response to a survey showing that half of America wants a Tesla. The survey, conducted by Autotrader, also showed that Tesla is the most popular brand in America and in 38 other countries worldwide. Musk has hinted that Tesla may further cut prices depending on market conditions and interest rates.

Portfolio Pulse from Anan Ashraf

July 26, 2023 | 3:07 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin surged ahead of the U.S. Federal Reserve’s rate-hike decision. Bitcoin's price has remained stagnant due to concerns about the Federal Reserve’s upcoming decision, which is expected to include a 25 basis point rate increase. Meanwhile, Dogecoin experienced a 7% surge as the market speculated on the potential impact of Elon Musk’s latest actions on Twitter. Analysts predict that Dogecoin will reclaim the $0.10 level.

Portfolio Pulse from Mehab Qureshi

July 26, 2023 | 2:46 am

V

Visa's CFO has projected a revenue growth of approximately 10% for Q4 during an analyst call.

Portfolio Pulse from Charles Gross

July 25, 2023 | 9:33 pm

WIRE

Encore Wire (NASDAQ:WIRE) reported Q2 earnings of $6.01 per share, missing the analyst consensus estimate of $6.48 by 7.25%. This is a 43.88% decrease from the same period last year. The company also reported quarterly sales of $636.46 million, missing the analyst consensus estimate of $738.60 million by 13.83%. This is a 24.07% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 9:03 pm

CTSH

In the last quarter, Cognizant Tech Solns (NASDAQ:CTSH) received mixed analyst ratings with 1 bullish, 1 somewhat bullish, 3 indifferent, and 1 somewhat bearish. The company's average price target has increased by 11.21% from the previous average of $61.75 to $68.67.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 9:01 pm

CADE

Over the past 3 months, 4 analysts have published their opinion on Cadence Bank (NYSE:CADE) stock. The average 12-month price target for Cadence Bank is $24.5, with a high of $28.00 and a low of $23.00. This average price target has increased by 0.7% over the past month.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 9:00 pm

RMBS

Rambus (NASDAQ:RMBS) has received positive analyst ratings in the last quarter, with 4 bullish and 2 somewhat bullish ratings. In the last 3 months, 6 analysts have offered 12-month price targets for Rambus, with an average price target of $71.5, up 30.0% from the previous average price target of $55.00.

Portfolio Pulse from Benzinga Insights

July 25, 2023 | 9:00 pm