Streetbeat News

Analyst Ratings

KBR

Keybanc analyst Leo Mariani maintains an Overweight rating on KBR (NYSE:KBR) and raises the price target from $66 to $75.

Portfolio Pulse from richadhand@benzinga.com

July 17, 2023 | 8:11 am

CYRX

Keybanc analyst Paul Knight has downgraded CryoPort (NASDAQ:CYRX) from Overweight to Sector Weight.

Portfolio Pulse from richadhand@benzinga.com

July 17, 2023 | 8:09 am

BC

Keybanc analyst Brett Andress has downgraded Brunswick (NYSE:BC) from Overweight to Sector Weight.

Portfolio Pulse from richadhand@benzinga.com

July 17, 2023 | 8:08 am

CWH

Keybanc analyst Noah Zatzkin maintains an Overweight rating on Camping World Holdings (NYSE:CWH) and raises the price target from $28 to $36.

Portfolio Pulse from richadhand@benzinga.com

July 17, 2023 | 8:07 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) is expected to host its Q2 earnings call soon. Analysts predict that the company may not discuss the launch timing of the Model 3 refresh due to the potential 'Osborne effect', which could lead to customers deferring orders for the current version of the product. The upgraded Model 3, codenamed 'Highland', is rumored to be close to starting trial production at Tesla's Giga Shanghai. Analyst Gary Black expects Tesla to report Q2 adjusted earnings of $0.82 per share and an auto gross margin of 18.2%, excluding regulatory credits.

Portfolio Pulse from Shanthi Rexaline

July 17, 2023 | 6:31 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin experienced a decline following an unexpected rally in crypto prices last week, triggered by a favorable ruling in the Ripple-SEC case. The court declared that the sale of XRP tokens does not constitute investment contracts, leading to a 73% surge in XRP. Analysts predict that XRP will become a top 3 coin again within the next 6-12 months.

Portfolio Pulse from Mehab Qureshi

July 17, 2023 | 3:01 am

F

RIVN

TSLA

Tesla has announced the first Cybertruck has rolled off the Giga Texas production line. Analyst Gary Black predicts the Cybertruck will be priced just above the Model Y, with the three variants priced at $49,900, $59,900, and $79,900 respectively. This pricing will allow all trims of Cybertruck to qualify for the $7,500 electric vehicle tax credit under the Inflation Reduction Act of 2022. Black also expects the Cybertruck to compete well against Rivian's R1T electric pickup truck and Ford's F150 Lightning electric pickup truck.

Portfolio Pulse from Shanthi Rexaline

July 16, 2023 | 6:14 pm

GS

Former Goldman Sachs executive Raoul Pal predicts a looming crisis that will force the Federal Reserve to introduce bailout packages. He suggests that the crisis will allow the Federal Reserve to abandon its strict monetary policy and provide the necessary liquidity to address the substantial national debt. He also mentioned that the current market setup resembles the 2015-2016 cycle.

Portfolio Pulse from Bibhu Pattnaik

July 16, 2023 | 4:27 pm

F

GM

TSLA

Analysts are divided on Tesla's future, with bullish analyst Daniel Ives from Wedbush believing that Tesla's story is just beginning, while bearish analyst Gordon Johnson warns of a looming collapse. Ives points to the company's Supercharger and its adoption by General Motors and Ford as a sign of Tesla's potential. Johnson, however, argues that Tesla's valuation is unsustainable, noting that the company has not made money from its charging partnership and has had to slash prices due to a lack of demand.

Portfolio Pulse from Shanthi Rexaline

July 16, 2023 | 2:58 pm

ARKK

Ark Invest founder Cathie Wood expects the firm's flagship fund, Ark Innovation ETF (ARKK), to outperform the Nasdaq-100 Index. Wood noted that ARKK, which is filled with stocks of companies focused on innovation, is much closer to its lows compared to the Nasdaq 100 Index. After a not-so-positive year in 2022, ARKK has gained about 56% this year, thanks to a rally in tech stocks.

Portfolio Pulse from Shanthi Rexaline

July 16, 2023 | 2:20 pm