Streetbeat News

Analyst Ratings

ALGM

Mizuho analyst Vijay Rakesh maintains a 'Buy' rating on Allegro Microsystems (NASDAQ:ALGM) and raises the price target from $50 to $56.

Portfolio Pulse from richadhand@benzinga.com

July 20, 2023 | 3:40 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares are trading lower today, despite being up nearly 17% over the last month. Morgan Stanley analyst Andrew Percoco reiterated an Equal-Weight rating and maintained a $15 price target for the stock. Two Plug Power insiders reported large acquisitions of company stock options. 20.29% of available shares are currently being sold short.

Portfolio Pulse from Erica Kollmann

July 20, 2023 | 3:38 pm

GLD

Mining analyst Taylor McKenna from Key Investor discussed names to own in gold mining during a Benzinga virtual event. The SPDR Gold Shares (GLD) ETF may have been mentioned.

Portfolio Pulse from Happy Mohamed

July 20, 2023 | 3:35 pm

AMZN

QQQ

Amazon.com, Inc. (NASDAQ:AMZN) shares are trading lower by 2.34% amid weakness in the Nasdaq-100 (NASDAQ:QQQ) and broader tech sector. This is following mixed second-quarter results and soft third-quarter sales guidance from Netflix, and second-quarter results and analyst rating updates from Tesla. Amazon shares are also pulling back after the company announced record-breaking sales on the first day of Prime Day.

Portfolio Pulse from Henry Khederian

July 20, 2023 | 3:33 pm

LMT

A significant bullish stance has been taken on Lockheed Martin (NYSE:LMT) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 54% bullish and 45% bearish. The whales have been targeting a price range from $300.0 to $480.0 for Lockheed Martin over the last 3 months. Analysts from Morgan Stanley, Citigroup, Wells Fargo, RBC Capital, and Susquehanna have provided their ratings and price targets for the company.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 3:30 pm

UNP

A significant bullish stance has been taken on Union Pacific (NYSE:UNP) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is 90% bullish and 10% bearish. The whales have been targeting a price range from $150.0 to $230.0 for Union Pacific over the last 3 months. The price of UNP is up 1.19% at $216.8. Analysts from Morgan Stanley, Benchmark, RBC Capital, B of A Securities, and Citigroup have maintained their ratings on Union Pacific with varying price targets.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 3:30 pm

NFLX

Netflix Inc (NASDAQ:NFLX) reported better-than-expected Q2 subscriber additions and strong progress in paid sharing. Analysts from Morgan Stanley, Guggenheim, Baird, Oppenheimer, Needham, KeyBanc, and William Blair provided their insights on the company's performance. The crackdown on password sharing was deemed successful, with the risk of increased churn now behind Netflix. However, the average revenue per membership was weak in Q2, down 3% YoY. The company's shares are down 9.42% to $432.58.

Portfolio Pulse from Chris Katje

July 20, 2023 | 3:30 pm

NOTV

Wells Fargo has initiated coverage on Inotiv with an Overweight Rating and a price target of $9. This has led to Inotiv's shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 3:28 pm

AMPS

Citigroup analyst Ryan Levine has maintained a 'Buy' rating on Altus Power (NYSE:AMPS) and raised the price target from $7 to $8.5.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 3:24 pm

OLO

Piper Sandler has upgraded Olo's stock from Neutral to Overweight and set a price target of $9. This has resulted in Olo's shares trading higher.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 3:19 pm