Streetbeat News

Analyst Ratings

NOW

A significant investor has taken a bearish stance on ServiceNow (NYSE:NOW), with 80% of recent trades indicating bearish expectations. The targeted price range for ServiceNow over the last 3 months is $490.0 to $700.0. The current price of NOW is up 2.19% at $593.08, with RSI indicators suggesting the stock may be approaching overbought. The next earnings are expected in 9 days.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:32 pm

VTGN

Vistagen Inc has revealed new data from a preclinical study of its itruvone nasal spray, a potential treatment for major depressive disorder. The study showed that a single intranasal administration of itruvone was undetectable in the brain and most other tissues, supporting the proposed mechanism of action of the spray. Vistagen recently reported that itruvone is now staged for potential Phase 2B clinical development in the U.S. VTGN shares are up 1.69% at $1.80 on the last check Monday.

Portfolio Pulse from Vandana Singh

July 17, 2023 | 6:31 pm

MRK

A significant bullish stance has been taken on Merck & Co (NYSE:MRK) as evidenced by unusual options activity. The sentiment among these big-money traders is split between 53% bullish and 46% bearish. Whales have been targeting a price range from $85.0 to $115.0 for Merck & Co over the last 3 months. Morgan Stanley and HSBC have downgraded their actions to Equal-Weight and Hold respectively, with price targets of $109 and $123.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:16 pm

CVX

A significant bearish stance has been taken on Chevron (NYSE:CVX) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $85.0 to $170.0 for Chevron over the last 3 months. Chevron's current price is $153.72, with next earnings expected in 11 days. Analysts from Raymond James, Mizuho, and Citigroup maintain their ratings on Chevron with price targets of $200, $205, and $170 respectively.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:16 pm

CYRX

KeyBanc Capital Markets analyst Paul Knight has downgraded CryoPort, Inc (NASDAQ:CYRX) to Sector Weight from Overweight, citing the company's refrigeration business, MVE, as a distraction from its core business. Knight suggests that CryoPort should either sell the MVE business, base MVE guidance on a fraction of what is internally projected, or demonstrate why MVE is a critical asset. CryoPort's revenue growth and adjusted EBITDA margins are expected to decrease in the coming years.

Portfolio Pulse from Nabaparna Bhattacharya

July 17, 2023 | 6:07 pm

HP

Analysts have provided mixed ratings for Helmerich & Payne (NYSE:HP) in the last quarter, with 5 somewhat bullish, 3 indifferent, and 1 somewhat bearish. The average 12-month price target for the company is $44.33, a decrease of 17.53% from the previous average of $53.75.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:01 pm

ANET

Analysts have provided various ratings for Arista Networks (NYSE:ANET) within the last quarter, with 2 bullish, 5 somewhat bullish, and 2 indifferent. The company has an average 12-month price target of $176.22, an increase of 5.52% from the previous average price target of $167.00.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:01 pm

DV

Analysts have provided ratings for DoubleVerify Hldgs (NYSE:DV) within the last quarter, with 15 bullish and no bearish ratings. The average price target is $39.8, slightly below the current price of $39.9526. This average price target has increased by 9.67% over the past month.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:01 pm

AFL

Over the past 3 months, 6 analysts have published their opinion on Aflac (NYSE:AFL) stock. The company has an average price target of $72.67, an increase of 0.93% from the previous average price target of $72.00. The ratings are mixed with 1 bullish, 2 somewhat bullish, and 3 indifferent.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:01 pm

ILMN

Illumina's (NYSE:ILMN) short percent of float has risen 23.74% since its last report, with 6.92 million shares sold short, which is 4.9% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards the stock. However, Illumina's short interest is higher than most of its peers, which could potentially be bullish.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 6:00 pm