Streetbeat News

Analyst Ratings

GCT

Forbes Newsletter has mentioned GigaCloud Technology (GCT) as a buy recommendation. This could potentially influence investor sentiment and drive the stock price up.

Portfolio Pulse from Happy Mohamed

July 24, 2023 | 5:59 pm

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GM

Shares of General Motors (GM) are trading over 2% higher ahead of the company's Q2 earnings report. Analysts expect earnings of $1.85 per share on revenues of $42.64 billion. Deutsche Bank and Citigroup are optimistic about GM's ability to beat expectations due to efficient pricing action and strong North American pricing. However, Deutsche Bank also noted potential price pressure risk into the second half of 2023 and 2024. Investors are also interested in updates on GM's all-electric Silverado pickup.

Portfolio Pulse from AJ Fabino

July 24, 2023 | 5:52 pm

EA

Credit Suisse analyst Stephen Ju has maintained an Outperform rating on Electronic Arts Inc (NASDAQ:EA) and raised the price target from $142 to $161. Ju anticipates a value creation cycle for EA with upcoming game releases and rising EPS. He expects EPS to rise from ~$7 for FY24 to over $12 by FY29. In the near term, 1QFY24 will likely be driven primarily by Star Wars Jedi: Survivor.

Portfolio Pulse from Anusuya Lahiri

July 24, 2023 | 5:46 pm

ABBV

A significant bearish stance has been taken on AbbVie (NYSE:ABBV) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $105.0 to $165.0 for AbbVie over the last 3 months. HSBC and Morgan Stanley have downgraded their actions on AbbVie to Buy and Overweight respectively, with price targets of $167 and $182.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 5:45 pm

ISRG

A significant bearish stance has been taken on Intuitive Surgical (NASDAQ:ISRG) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 38% bullish and 61% bearish. The whales have been targeting a price range from $290.0 to $400.0 for Intuitive Surgical over the last 3 months. The current price of ISRG is down -3.33% at $325.46. Analysts from Morgan Stanley, Piper Sandler, RBC Capital, Truist Securities, and Barclays have maintained their ratings on Intuitive Surgical with price targets ranging from $330 to $400.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 5:45 pm

DDOG

A significant number of investors have taken a bearish stance on Datadog (NASDAQ:DDOG), with 66% of detected trades showing bearish expectations. Whales have been targeting a price range from $70.0 to $120.0 for Datadog over the last 3 months. The current price of DDOG is $111.14, up 1.16%. RSI indicators suggest the stock may be overbought. Analysts from Oppenheimer, Cantor Fitzgerald, and Barclays have maintained their ratings with price targets of $120, $100, and $134 respectively.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 5:45 pm

PPG

BMO Capital Markets analyst John P. McNulty reiterated an Outperform rating on PPG Industries, Inc. (NYSE:PPG), raising the price target to $165 from $158. The company recently reported Q2 2023 net sales of $4.87 billion, beating the consensus of $4.84 billion. McNulty expects PPG to deliver double-digit EPS growth in 2H23, 24, and 25. The analyst raised Q3 EPS to $1.91 (from $1.88), reflecting a better top line in Performance Coatings. For FY23, McNulty forecasts EPS of $7.40 (vs. guide of $7.28-7.48) on similar drivers.

Portfolio Pulse from Nabaparna Bhattacharya

July 24, 2023 | 5:44 pm

WMS

KeyBanc Capital Market analyst Jeff Hammond initiated coverage on Advanced Drainage Systems Inc (NYSE:WMS) with an Overweight rating and a price target of $150. Hammond sees WMS as a highly attractive pure-play water management business that consistently delivers above-market returns. He expects the company to deliver +200-300 bps of market outgrowth in the long-term. For FY24, Advanced Drainage expects net sales of $2.60 billion-$2.80 billion and adjusted EBITDA of $725 million- $825 million. KeyBanc thinks WMS has the most attractive ESG story among the stocks in its coverage.

Portfolio Pulse from Lekha Gupta

July 24, 2023 | 5:41 pm

AXP

American Express (AXP) reported 2Q results with slower revenue growth but analysts remain optimistic due to healthy consumer activity. RBC Capital analyst Jon Arfstrom reiterated a Sector Perform rating with a $197.00 price target. Citi analyst Arren Cyganovich reiterated a Sell rating with a price target of $148.00. BMO analyst James Fotheringham had a Market Perform rating with a price target of $194.00. AXP shares are trading lower by 1.31% at $167.99.

Portfolio Pulse from Anusuya Lahiri

July 24, 2023 | 5:39 pm

XPEV

XPeng Inc - ADR (NYSE:XPEV) shares are trading higher after China's National Development and Reform Commission (NDRC) pledged to optimize the business environment for private enterprises. This announcement has led to a rise in Chinese companies' stocks, including XPEV. Despite a recent downgrade from JP Morgan analyst Nick Lai, XPEV's price target was raised from $7.5 to $10. XPEV shares have gained more than 47% over the last month.

Portfolio Pulse from Erica Kollmann

July 24, 2023 | 5:38 pm