Streetbeat News

Analyst Ratings

GLW

Corning's (NYSE:GLW) short percent of float has risen 68.92% since its last report, with 10.61 million shares sold short, which is 1.25% of all regular shares available for trading. It would take traders 1.67 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Corning's peer group average for short interest as a percentage of float is 3.66%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 3:15 pm

ACN

Accenture's (NYSE:ACN) short percent of float has fallen 8.33% since its last report, indicating a decrease in bearish sentiment towards the stock. The company has 6.96 million shares sold short, which is 1.1% of all regular shares available for trading. Compared to its peers, Accenture has less short interest as a percentage of float, with an average of 2.29%.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 3:15 pm

CARG

Shares of CarGurus Inc (NASDAQ:CARG) have risen more than 65% year to date. B Riley Securities analyst Naved Khan initiated coverage with a Buy rating and a price target of $28. Khan believes that the company's core listings business is set to benefit from increases in unit pricing, despite an increased churn rate due to price increases to dealers. The analyst also noted that ongoing normalization in dealer inventory, OEM production, and consumer demand are positives for CARG.

Portfolio Pulse from Priya Nigam

July 20, 2023 | 3:12 pm

CVNA

RBC Capital has downgraded Carvana's stock from Sector Perform to Underperform, but increased its price target from $9 to $30. This has resulted in Carvana shares trading lower.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 3:04 pm

ATVI

MSFT

Activision Blizzard (NASDAQ:ATVI) reported strong Q2 results, beating Street estimates for revenue and outperforming on profits. The company's deal with Microsoft (NASDAQ:MSFT) has been extended to October 18, with an increase in the termination fee Microsoft must pay if the transaction is terminated after August 29. Analysts from Wedbush, Truist, and Baird have maintained positive ratings for ATVI, with price targets ranging from $90 to $95.99.

Portfolio Pulse from Priya Nigam

July 20, 2023 | 3:02 pm

NFLX

Evercore ISI Group analyst Mark Mahaney maintains an 'Outperform' rating on Netflix (NASDAQ:NFLX) and raises the price target from $400 to $550.

Portfolio Pulse from Benzinga Newsdesk

July 20, 2023 | 3:02 pm

IBM

A significant bearish stance on IBM (NYSE:IBM) has been observed in recent unusual options activity. The sentiment among big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $120.0 to $145.0 for IBM over the last 3 months. The price of IBM is currently up 2.89% at $139.39. Several financial institutions have downgraded their ratings on IBM, with price targets ranging from $135 to $162.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 3:01 pm

HAL

Halliburton (NYSE:HAL) has received 13 analyst ratings in the last quarter, with 6 being bullish, 7 somewhat bullish, and none being indifferent, somewhat bearish, or bearish. The average price target is $45.15, indicating an upside from the current price of $36.42. This average has decreased by 5.76% from the previous average price target of $47.91.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 3:01 pm

RBLX

A whale investor has taken a bearish stance on Roblox (NYSE:RBLX), with 72% of the spotted trades being bearish. The whales have been targeting a price range from $30.0 to $55.0 for Roblox over the last 3 months. The price of RBLX is currently down -5.53% at $42.38. Needham downgraded its action to Buy with a price target of $48, while Truist Securities maintained their Hold rating with a price target of $45.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 3:01 pm

CHPT

Analysts have provided ratings for ChargePoint Hldgs (NYSE:CHPT) in the last quarter, with 6 bullish, 1 somewhat bullish, and 1 indifferent. The average 12-month price target for CHPT is $14.97, a 15.38% decrease from the previous average price target of $17.69.

Portfolio Pulse from Benzinga Insights

July 20, 2023 | 3:01 pm