Streetbeat News

Analyst Ratings

LULU

A significant bearish stance has been taken on Lululemon Athletica (NASDAQ:LULU) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $270.0 to $390.0 for Lululemon Athletica over the last 3 months. Morgan Stanley, Piper Sandler, and Telsey Advisory Group have given price targets of $424, $450, and $430 respectively.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 7:15 pm

DE

A significant bullish stance on Deere (NYSE:DE) has been observed through unusual options activity. The sentiment among these big-money traders is split between 57% bullish and 42% bearish. The whales have been targeting a price range from $350.0 to $500.0 for Deere over the last 3 months. Canaccord Genuity downgraded its action to Buy with a price target of $530, while Citigroup maintained their Buy rating with a price target of $475.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 7:01 pm

NET

In the last quarter, 20 analysts have provided ratings for Cloudflare (NYSE:NET), with an average 12-month price target of $56.85, a 14.64% decrease from the previous average price target of $66.60. The ratings include 2 bullish, 10 somewhat bullish, 4 indifferent, and 4 bearish.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 7:01 pm

SNAP

In the last quarter, Snap (NYSE:SNAP) has received various analyst ratings, with the majority being indifferent. Over the past 3 months, 14 analysts have offered 12-month price targets for Snap, with an average price target of $9.25, a decrease of 3.44% from the previous average price target of $9.58.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 7:01 pm

CDNS

Over the past quarter, Cadence Design Sys (NASDAQ:CDNS) has received 2 bullish and 5 somewhat bullish ratings from analysts. There were no indifferent, somewhat bearish, or bearish ratings. The average 12-month price target for the company, according to 7 analysts, is $244.71, with a high of $270.00 and a low of $223.00. This average price target has increased by 6.59% over the past month.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 7:01 pm

WEN

Wendy's (NASDAQ:WEN) has received mixed analyst ratings in the last quarter, with 2 bullish, 1 somewhat bullish, and 6 indifferent. The average 12-month price target for Wendy's is $24.44, a 3.21% decrease from the previous average of $25.25.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 7:00 pm

CRM

Salesforce (NYSE:CRM) has received various analyst ratings in the last quarter, with a majority being bullish or somewhat bullish. The company has an average 12-month price target of $236.32, up by 5.88% from the previous average of $223.19. These ratings are determined by analysts who use information from company conference calls, financial statements, and insider conversations.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 7:00 pm

CTRA

Over the past 3 months, 6 analysts have published their opinion on Coterra Energy (NYSE:CTRA) stock. The average price target is $30.0, implying an upside from the current price of $26.46. This represents a 0.83% decrease from the previous average price target of $30.25.

Portfolio Pulse from Benzinga Insights

July 18, 2023 | 7:00 pm

DKNG

ROTH MKM analyst Edward Engel has reiterated a Sell rating on DraftKings Inc. (NASDAQ:DKNG), raising the price target to $20 from $18. This is due to the expected positive 2Q EBITDA, driven by higher hold rates over the past four quarters. However, the analyst believes that the recent hold improvements are more luck-driven than investors acknowledge. Despite bullish investor sentiment, the analyst warns that increased promotional intensity could limit the upside to a 2Q beat.

Portfolio Pulse from Nabaparna Bhattacharya

July 18, 2023 | 6:54 pm

BAC

SPY

Bank of America CEO, Moynihan, in a CNBC interview, stated that inflation is getting under control. However, he still predicts a recession in 2024, albeit milder and shorter. He also mentioned that the deal pipeline will remain stable.

Portfolio Pulse from Happy Mohamed

July 18, 2023 | 6:42 pm