Streetbeat News

Analyst Ratings

TTD

Needham analyst Laura Martin maintains a 'Buy' rating on Trade Desk (NASDAQ:TTD) and raises the price target from $80 to $100.

Portfolio Pulse from richadhand@benzinga.com

July 25, 2023 | 9:49 am

VRCA

Needham analyst Serge Belanger has upgraded Verrica Pharmaceuticals (NASDAQ:VRCA) from Hold to Buy and set a price target of $10.

Portfolio Pulse from richadhand@benzinga.com

July 25, 2023 | 9:22 am

MBLY

Morgan Stanley analyst Adam Jonas has reinstated Mobileye Global (NASDAQ:MBLY) with an Equal-Weight rating and announced a $34 price target.

Portfolio Pulse from richadhand@benzinga.com

July 25, 2023 | 9:21 am

AGLE

Stifel analyst Alex Thompson has initiated coverage on Aeglea BioTherapeutics (NASDAQ:AGLE) with a Buy rating and a price target of $0.9.

Portfolio Pulse from richadhand@benzinga.com

July 25, 2023 | 9:19 am

PLTK

HSBC analyst Mohammed Khallouf has initiated coverage on Playtika Holding (NASDAQ:PLTK) with a Buy rating and a price target of $15.8.

Portfolio Pulse from richadhand@benzinga.com

July 25, 2023 | 9:17 am

MSFT

NVDA

SPY

TSM

Morgan Stanley's Equity Strategist, Michael Wilson, admitted his bearish market outlook was incorrect due to the extended market rally this year. He attributed the stronger-than-expected consumer spending to warmer weather and credit card borrowing, but warned these factors may not be sustainable. Wilson also noted that the market benefited from AI, with Nvidia and Microsoft emerging as winners. However, he warned that the booming AI demand can't fully offset the cyclical slowing in the broader semiconductor sector. Wilson also pointed out that falling inflation has been a key driver of the U.S. equity market rally. He now sees disinflation as a potential headwind, eating into sales growth. Despite this, he continues to have a 2023 year-end S&P 500 price target of 3,900.

Portfolio Pulse from Shanthi Rexaline

July 25, 2023 | 9:16 am

GOOGL

META

MSFT

James Demmert, Chief Investment Officer of Main Street Research, warns that the current bull run in the stock market, driven by FOMO and AI hype, may not be sustainable. He advises investors to be patient and use any corrections as a buying opportunity. He also anticipates that the Federal Reserve might take a tougher approach at its policy meeting, which could lower stock prices. Furthermore, he suggests that upcoming earnings reports from big tech companies like Alphabet, Meta, and Microsoft could weaken the AI sector.

Portfolio Pulse from Benzinga Neuro

July 25, 2023 | 9:16 am

TTWO

HSBC analyst Mohammed Khallouf has initiated coverage on Take-Two Interactive (NASDAQ:TTWO) with a Buy rating and a price target of $170.

Portfolio Pulse from richadhand@benzinga.com

July 25, 2023 | 9:16 am

RXT

Citigroup analyst Ashwin Shirvaikar has downgraded Rackspace Tech (NASDAQ:RXT) from Neutral to Sell, while raising the price target from $1.25 to $1.5.

Portfolio Pulse from richadhand@benzinga.com

July 25, 2023 | 9:12 am

DIS

Atlantic Equities analyst Hamilton Faber has downgraded Walt Disney (NYSE:DIS) from Neutral to Underweight and lowered the price target from $113 to $76.

Portfolio Pulse from richadhand@benzinga.com

July 25, 2023 | 9:10 am