Streetbeat News

Analyst Ratings

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

BIDU

A significant amount of unusual options activity has been detected for Baidu (NASDAQ:BIDU), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $130.0 to $200.0 for Baidu over the last 3 months. B of A Securities maintains a Buy rating on Baidu with a price target of $228, while Goldman Sachs downgraded its action to Buy with a price target of $197.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 5:30 pm

DIS

A large investor has taken a bullish stance on Walt Disney (NYSE:DIS), with 28 uncommon options trades spotted. The sentiment of these trades is split between 60% bullish and 39% bearish. The trades include 5 puts, totaling $167,360, and 23 calls, totaling $1,815,199. The whales have been targeting a price range from $60.0 to $110.0 for Walt Disney over the last 3 months. The current price of DIS is $87.3, up 0.14%.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 5:30 pm

LVS

Las Vegas Sands's (NYSE:LVS) short percent of float has fallen 21.43% since its last report, indicating a more bullish sentiment towards the stock. The company has 9.76 million shares sold short, which is 2.64% of all regular shares available for trading. Compared to its peers, Las Vegas Sands has less short interest.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 5:15 pm

ED

Consolidated Edison's (NYSE:ED) short percent of float has fallen 16.3% since its last report, with 5.95 million shares sold short, which is 2.31% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. However, the company's short interest as a percentage of float is higher than its peer group average of 1.83%.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 5:15 pm

EW

Edwards Lifesciences's (NYSE:EW) short percent of float has fallen 4.09% since its last report, with 9.84 million shares sold short, which is 1.64% of all regular shares available for trading. It would take traders 3.35 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 3.24%.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 5:15 pm