Streetbeat News

Analyst Ratings

MPWR

Stifel analyst Tore Svanberg maintains a 'Buy' rating on Monolithic Power Systems (NASDAQ:MPWR) and raises the price target from $540 to $600.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 4:39 pm

CVNA

Analysts from RBC Capital, Raymond James, and Wedbush have raised concerns over Carvana Co's (NYSE:CVNA) margins and unit economics despite its better Q2 results and debt restructuring. While the analysts acknowledged the company's improved near-term performance and reduced liquidity risks, they expressed concerns over potential margin-stalling growth, significant dilution, expanding debt load, and industry-wide challenges. CVNA shares are trading lower by 16.10% at $46.84.

Portfolio Pulse from Anusuya Lahiri

July 20, 2023 | 4:38 pm

QSR

Jefferies analyst Andy Barish maintains a 'Hold' rating on Restaurant Brands Intl (NYSE:QSR) and raises the price target from $68 to $73.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 4:37 pm

MRVL

Stifel analyst Tore Svanberg maintains a 'Buy' rating on Marvell Tech (NASDAQ:MRVL) and raises the price target from $65 to $75.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 4:36 pm

HSY

TGT

A report by 'The Bear Cave' highlights the increasing competition faced by Hershey Co (HSY) from Feastables, a company founded by YouTuber MrBeast. Feastables is gaining popularity and is being stocked by retail giants like Walmart and Target Corp (TGT). The report suggests that Hershey's market strategy may need to adapt to this new competitor. MrBeast acknowledged the competition, stating that the next few years between Feastables and Hershey's will be interesting.

Portfolio Pulse from Michael Cohen

July 20, 2023 | 4:35 pm

NXPI

Stifel analyst Tore Svanberg maintains a 'Hold' rating on NXP Semiconductors (NASDAQ:NXPI) and raises the price target from $168 to $200.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 4:33 pm

AZO

A significant investor has taken a bearish stance on AutoZone (NYSE:AZO), with 81% of the spotted trades being bearish and 18% bullish. The trades include 9 puts amounting to $426,544 and 2 calls amounting to $146,200. The targeted price range for AutoZone over the last 3 months is from $1760.0 to $2700.0. The current price of AZO is down -1.58% at $2466.34.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 4:33 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 $115.0 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 20, 2023 | 4:32 pm

ON

Stifel analyst Tore Svanberg maintains a 'Hold' rating on ON Semiconductor (NASDAQ:ON) and raises the price target from $83 to $98.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 4:31 pm

TSM

Taiwan Semiconductor Manufacturing Company Ltd (TSMC) has cut its 2023 revenue outlook by 10% due to cyclical headwinds, despite AI strength. The company expects AI revenue to reach a low-teens percent of the total by 2028. TSMC's CapEx target remains at $32 billion, with growth expected to level off. Analysts from Needham, Susquehanna, and Wedbush have reiterated a Buy, Positive, and Outperform rating respectively, with price targets ranging from $118 to $135. TSMC's stock traded lower by 4.58% at $98.36.

Portfolio Pulse from Anusuya Lahiri

July 20, 2023 | 4:30 pm