Streetbeat News

Analyst Ratings

YELP

Goldman Sachs has upgraded Yelp Inc's (NYSE:YELP) stock from Neutral to Buy, raising the price target from $38 to $47. This follows a proprietary study of the advertising industry suggesting that Yelp could generate mid to high single-digit revenue growth from 2024 to 2027. Yelp's revenues could also be boosted by recent investments in its ad tech stack and the scaling of newer initiatives. Yelp shares were up 10.54% to $42.15 at the time of publishing.

Portfolio Pulse from Priya Nigam

July 17, 2023 | 3:33 pm

META

Meta Platforms, Inc (NASDAQ:META) is facing a potential penalty from Norway's data protection authority, Datatilsynet, for privacy breaches. The fine could be one million crowns ($100,000) per day, pending remedial action. This comes after the European Union's top court ruled that Meta cannot harvest user data for behavioral advertising. Despite this, analysts from JMP Securities, Goldman Sachs, and Credit Suisse have maintained positive ratings for Meta and raised their price targets.

Portfolio Pulse from Anusuya Lahiri

July 17, 2023 | 3:32 pm

CMI

Citigroup analyst Timothy Thein maintains a Buy rating on Cummins (NYSE:CMI) and raises the price target from $265 to $290.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 3:31 pm

ON

A significant bearish stance has been taken on ON Semiconductor (NASDAQ:ON) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $75.0 to $120.0 for ON Semiconductor over the last 3 months. Benchmark has downgraded its action to Buy with a price target of $110, while Keybanc maintains their Overweight rating with a price target of $110.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 3:31 pm

TTD

A significant investor has taken a bullish stance on Trade Desk (NASDAQ:TTD), with 60% of recent trades being bullish and 40% bearish. The trades include 6 puts totaling $444,083 and 4 calls totaling $167,610. The targeted price range for Trade Desk over the last 3 months is $80.0 to $130.0. The current price of TTD is up 1.88% at $89.66. Needham has downgraded its action to Buy with a price target of $80.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 3:31 pm

GM

A significant investor has taken a bearish stance on General Motors (NYSE:GM), with 66% of recent trades being bearish. The targeted price range for GM over the last 3 months is $20.0 to $41.0. The current price of GM is down -3.22% at $38.71. Analysts from Citigroup, Jefferies, Morgan Stanley, Wells Fargo, and Barclays have maintained their ratings on GM, with price targets ranging from $32 to $89.

Portfolio Pulse from Benzinga Insights

July 17, 2023 | 3:31 pm

KSCP

Knightscope's stock is trading lower following a short report issued by Capybara Research.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 3:30 pm

APLD

Lake Street analyst Rob Brown maintains a 'Buy' rating on Applied Digital (NASDAQ:APLD) and has raised the price target from $9 to $16.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 3:28 pm

ARGX

Jefferies analyst Akash Tewari maintains a 'Buy' rating on argenx (NASDAQ:ARGX) and raises the price target from $497 to $513.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 3:27 pm

ATHM

Jefferies analyst Thomas Chong maintains a Buy rating on Autohome (NYSE:ATHM) but lowers the price target from $48 to $46.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2023 | 3:22 pm