Streetbeat News

Analyst Ratings

ACDC

ProFrac Holding (NASDAQ:ACDC) has received mostly bullish ratings from analysts in the last quarter, with an average price target of $18.6, a decrease of 17.7% from the previous average price target of $22.60. The ratings are based on research of company financial statements, conference calls, meetings, and insider information.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 8:00 pm

COIN

TSLA

In a recent interview on Bloomberg TV, Cathie Wood, the founder of ARK Invest, expressed her positive outlook on Coinbase (COIN) following a ruling on Ripple. She also mentioned Tesla (TSLA) as the biggest AI opportunity.

Portfolio Pulse from Happy Mohamed

July 17, 2023 | 7:58 pm

JPM

A significant investor has taken a bearish stance on JPMorgan Chase (NYSE:JPM), with 64% of the 53 unusual trades detected being bearish. The trades include 11 puts worth $919,409 and 42 calls worth $2,403,623. The targeted price range for JPMorgan Chase over the last 3 months has been $110.0 to $165.0. The current price of JPM is up 2.31% at $153.22, with RSI indicators suggesting the stock may be overbought.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 7:46 pm

REGN

A significant investor has taken a bearish stance on Regeneron Pharmaceuticals (NASDAQ:REGN), with 70% of recent trades being bearish. The targeted price range for the company over the last three months has been $690.0 to $810.0. The current price of REGN is up 1.11% at $726.48. Analysts from Truist Securities, Baird, Cantor Fitzgerald, and Barclays have maintained their ratings, with price targets ranging from $760 to $1045.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 7:46 pm

META

Analysts from JMP Securities, Goldman Sachs, and Credit Suisse have maintained positive ratings on Meta Platforms Inc (NASDAQ:META) and raised their price targets. The analysts cited strong engagement trends, improving ad performance driven by AI, and a stable advertising environment as reasons for their optimism. They also highlighted the potential of products like Reels and AI, and the increased adoption of Advantage+ for ads. The analysts expect Meta's revenue growth to be driven by core Facebook and Instagram, as well as the monetization of WhatsApp, Messenger, and Reels.

Portfolio Pulse from Anusuya Lahiri

July 17, 2023 | 7:44 pm

ROKU

Benchmark analyst Daniel Kurnos has reiterated a Buy rating for Roku Inc (NASDAQ:ROKU) with a $89 price target. Kurnos believes that Roku's shift in investment strategy to focus on leverage is underappreciated and predicts a significant increase in free cash flow within the next 12-18 months. Despite potential near-term revenue challenges due to planned marketing spend reductions at networks, Kurnos sees Roku's importance within the ecosystem solidifying and expects growth acceleration in 2024 and beyond.

Portfolio Pulse from Anusuya Lahiri

July 17, 2023 | 7:38 pm

NXPI

Deutsche Bank has maintained a Buy rating on NXP Semiconductors and raised its price target from $200 to $230, leading to a rise in the company's shares.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 7:36 pm

ABBV

BGNE

Citi has initiated coverage on BeiGene Ltd with a Buy stock rating and a price target of $275. The analyst suggests that BeiGene's flagship asset Brukinsa is positioned to become the favored BTK inhibitor for Chronic lymphocytic leukemia. The FDA has accepted Brukinsa's supplemental application for a fifth indication, with a target action date in Q1 of 2024. The analyst projects Brukinsa to generate global sales of ~$4 billion by 2028. BeiGene's Q1 FY23 global sales of Brukinsa stood at $211.4 million. Pharmacyclics, an AbbVie Inc company, has filed a complaint alleging that BeiGene's blood cancer therapy Brukinsa infringes a Pharmacyclics patent.

Portfolio Pulse from Vandana Singh

July 17, 2023 | 7:32 pm

SYK

Stryker's (NYSE:SYK) short percent of float has risen 21.84% since its last report, with 3.76 million shares sold short, which is 1.06% of all regular shares available for trading. It would take traders 2.75 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Stryker's peer group average for short interest as a percentage of float is 3.34%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 7:30 pm

XEL

Xcel Energy's (NYSE:XEL) short percent of float has fallen 20.18% since its last report, with 4.79 million shares sold short, which is 0.87% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Xcel Energy. Compared to its peers, Xcel Energy has less short interest as a percentage of float, with an average of 2.26%.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 7:30 pm