Streetbeat News

Analyst Ratings

GPC

Genuine Parts Co (GPC) reported mixed Q2 2023 results, with sales growth of 5.6% Y/Y to $5.92 billion, missing the consensus of $5.96 billion, and adjusted EPS of $2.44 (+10.9% Y/Y) beating the consensus of $2.34. Following the results, analysts from Truist Securities, Stephens & Co., Wedbush, and JP Morgan lowered their price targets for GPC, while raising EPS estimates for 2023 and 2024.

Portfolio Pulse from Lekha Gupta

July 21, 2023 | 7:05 pm

LOW

A significant amount of unusual options activity has been detected for Lowe's Companies (NYSE:LOW), with a majority of investors taking a bearish stance. The targeted price range for Lowe's over the last 3 months is from $220.0 to $260.0. The current price of LOW is up 1.62% at $234.74. Argus Research and Truist Securities maintain a 'Buy' rating on Lowe's, with price targets of $260 and $249 respectively, while Wedbush maintains a 'Neutral' rating with a price target of $230.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 7:04 pm

LFMD

Cantor Fitzgerald initiated coverage on LifeMD Inc (NASDAQ:LFMD) with an Overweight rating and a price target of $7, almost double the current price. The analyst sees LifeMD as an undervalued growth story in the virtual primary-care sector, expecting the company's topline to grow in the 20-30% CAGR range over the next 3-5 years. LifeMD's weight-management virtual clinic is seen as a key growth driver, with potential to tap into the $100-200B weight-loss medication market.

Portfolio Pulse from Vandana Singh

July 21, 2023 | 7:01 pm

GLOB

Globant (NYSE:GLOB) has received 7 bullish and no bearish ratings from analysts in the last quarter. The average 12-month price target for the company is $201.71, a decrease of 0.24% from the previous average of $202.20.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 7:01 pm

SO

Over the past 3 months, 8 analysts have published their opinion on Southern (NYSE:SO) stock. The company has an average price target of $69.62, an increase of 1.74% from the previous average price target of $68.43. The analysts' ratings are mixed, with 2 bullish, 2 indifferent, and 4 somewhat bearish.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 7:00 pm

NTRA

Over the past three months, seven analysts have published their opinions on Natera (NASDAQ:NTRA), with three giving bullish ratings and four somewhat bullish. The average price target is $70.29, implying an upside from the current price of $49.395. However, this average has decreased by 2.37% from the previous average price target of $72.00.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 7:00 pm

RJF

Over the past 3 months, 5 analysts have published their opinion on Raymond James Finl (NYSE:RJF) stock. The average price target is $108.0, a 5.47% decrease from the previous average price target of $114.25. The analysts' ratings are mostly indifferent with one bullish rating.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 7:00 pm

BOOT

In the last quarter, Boot Barn Holdings (NYSE:BOOT) has received mostly bullish ratings from analysts. The company has an average price target of $92.07, which is a 3.54% increase from the previous average price target of $88.92.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 7:00 pm

WYNN

Analysts have provided various ratings for Wynn Resorts (NASDAQ:WYNN) within the last quarter, with 2 bullish, 4 somewhat bullish, and 5 indifferent. The average price target for Wynn Resorts over the next 12 months is $122.09, a 1.0% decrease from the previous average price target of $123.32.

Portfolio Pulse from Benzinga Insights

July 21, 2023 | 7:00 pm

ROKU

Wedbush analyst Alicia Reese reiterated Roku Inc (NASDAQ:ROKU) with an Outperform and a $80 price target, reflecting long-term global growth and significant leverage in Roku's business model. Despite a weak advertising market pressuring Average Revenue Per User (ARPU), Roku's share gains in the digital connected TV (CTV) space continue. The company is expected to return to meaningful profitability by year-end, with Q2 revenue likely to be $770 million, slightly below the consensus estimate of $773 million.

Portfolio Pulse from Anusuya Lahiri

July 21, 2023 | 6:57 pm