Streetbeat News

Analyst Ratings

CDNS

Cadence Design Systems Inc's Q2 results beat estimates with revenue of $976.58 million and EPS of $1.22. The company sees strong ongoing customer demand for its AI technologies. Cadence expects H2 revenue between $2.052 billion and $2.092 billion, and full-year revenue of $4.05 billion to $4.09 billion. Keybanc maintained an Overweight rating and raised the price target from $265 to $270, while Rosenblatt reiterated a Buy rating with a $250 price target. Despite the positive results, Cadence shares were down 2.16% at $236.05.

Portfolio Pulse from Adam Eckert

July 25, 2023 | 2:57 pm

CDNS

B of A Securities analyst Vivek Arya maintains a Buy rating on Cadence Design Sys (NASDAQ:CDNS) and raises the price target from $280 to $285.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 2:56 pm

SYM

Craig-Hallum analyst Greg Palm maintains a Buy rating on Symbotic (NASDAQ:SYM) and raises the price target from $35 to $48.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 2:55 pm

SYM

Northland Capital Markets analyst Michael Latimore maintains an Outperform rating on Symbotic (NASDAQ:SYM) and raises the price target from $35 to $45.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 2:54 pm

FFIV

F5 Inc's shares are trading higher after the company reported better-than-expected Q3 financial results, with revenues of $702.64 million and EPS of $3.21. The company's total revenues were up 4% YoY, with global services revenue climbing 8% and product revenue increasing 1%. However, software sales were down 3%. Multiple analysts raised their price targets for F5 following the results. The company expects Q4 revenues to be between $690 million and $710 million, with earnings per share between $3.15 and $3.27.

Portfolio Pulse from Adam Eckert

July 25, 2023 | 2:53 pm

AGYS

Northland Capital Markets has maintained an 'Outperform' rating on Agilysys (NASDAQ:AGYS), but lowered the price target from $90 to $85.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 2:53 pm

DPZ

B of A Securities analyst Sara Senatore maintains a Buy rating on Domino's Pizza (NYSE:DPZ) and raises the price target from $465 to $483.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 2:51 pm

EBAY

B of A Securities analyst Justin Post maintains a Neutral rating on eBay (NASDAQ:EBAY) and raises the price target from $52 to $54.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 2:49 pm

RYAAY

Raymond James has maintained a Strong Buy rating on Ryanair Holdings and raised its price target from $135 to $140. This has resulted in Ryanair's shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 2:48 pm

SIGI

B of A Securities analyst Grace Carter maintains an 'Underperform' rating on Selective Insurance Gr (NASDAQ:SIGI) and raises the price target from $93 to $100.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2023 | 2:48 pm