Streetbeat News

Analyst Ratings

TSLA

Ahead of Tesla's Q2 results, New Street Research analyst Pierre Ferragu warns of short-term margin disappointment due to the discounts offered by the company during the quarter. However, he also predicts a good recovery beyond Q2. Tesla's aggressive pricing has kept the company on track to grow annual deliveries by 50%, but this has driven margins down from 30% to 18.34% in Q1. Ferragu expects gross margins to slide a further 270 basis points to 15.6% in Q2. Despite this, he sees margins bottoming in Q2 and recovering afterwards, with auto gross margins expected to be at 25% in the long run.

Portfolio Pulse from Shanthi Rexaline

July 16, 2023 | 1:52 pm

AMZN

NKLA

PLCE

SOFI

T

Barron's weekend stock picks include Children's Place, AT&T, Amazon, SoFi Technologies, and Nikola Corp. Children's Place CEO purchased additional shares for $1 million. AT&T was downgraded by a JP Morgan analyst due to concerns about its wireless and fiber growth businesses. Amazon's stock is rising due to successful Prime Day sales. Analysts maintained a 'Buy' rating on SoFi Technologies. Nikola Corp announced a sale of 50 trucks to hydrogen producer BayoTech.

Portfolio Pulse from Justin Chan

July 15, 2023 | 8:33 pm

BTCUSD

Cryptocurrency analyst DonAlt has warned that Bitcoin (BTC) could face a potential collapse of up to 30% if it loses the key $30,000 level. The analyst believes that the impact of recent positive developments, such as the submission of Bitcoin spot ETF applications and a significant ruling related to XRP, could fade, leading to a sharp decline in BTC's value. However, he also suggested that altcoins might retain some momentum, even in the event of a gradual decline over the next few days.

Portfolio Pulse from Bibhu Pattnaik

July 15, 2023 | 7:34 pm

AAPL

AMZN

DIS

GOOGL

MSTR

TSLA

The Dow Jones, S&P 500, and Nasdaq experienced significant gains this week. Tesla is using its humanoid robot, Optimus, to boost foot traffic in its U.S. stores. Berenberg Capital Market predicts that the 2024 Bitcoin halving will benefit MicroStrategy due to its extensive Bitcoin holdings. Amazon has a significant opportunity in retail and logistics, with its last-mile business now surpassing the U.S. Postal Service. Bob Iger's extended tenure at Disney is viewed as neutral for the stock. Apple's upcoming iPhone 15 Pro Max may be priced higher due to a new camera feature. Alphabet and its AI subsidiary DeepMind are facing a lawsuit alleging covert data collection.

Portfolio Pulse from Michael Cohen

July 15, 2023 | 3:28 pm

ARKK

NVDA

TWLO

Cathie Wood, in a recent interview, discussed Ark's investment strategy around Nvidia Corp. (NVDA) and Twilio, Inc. (TWLO). She explained that Ark started researching AI in 2014, leading to investments in Nvidia. However, Ark sold Nvidia stocks when they saw a brewing inventory problem. They re-invested in the fourth quarter when the stock price dropped. Wood also mentioned that Ark prefers Twilio over Nvidia due to its valuation and its unique position in business-to-consumer communications.

Portfolio Pulse from Shanthi Rexaline

July 15, 2023 | 1:45 pm

ESTE

Over the past three months, six analysts have published their opinions on Earthstone Energy (NYSE:ESTE) stock. The average price target given by these analysts is $22.83, compared to the current price of $14.79. This average price target has increased by 2.84% over the past month.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 9:01 pm

EW

Edwards Lifesciences (NYSE:EW) has received positive analyst ratings in the last quarter, with 7 bullish and 6 somewhat bullish ratings. The average 12-month price target for the company has increased by 7.04% from the previous average, now standing at $97.0.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 9:01 pm

ANSS

Ansys (NASDAQ:ANSS) has received 5 indifferent and 1 somewhat bearish analyst ratings in the last quarter. The average price target is $316.0, implying a downside from the current price of $344.25. The average price target has increased by 3.78% over the past month.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 9:00 pm

ENS

EnerSys (NYSE:ENS) has received positive analyst ratings in the last quarter, with 4 bullish ratings and an average price target of $122.75, indicating an upside from the current price of $110.68. The average price target has increased by 19.17% over the past month.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 9:00 pm

BDTX

Analysts have provided various ratings for Black Diamond Therapeutic (NASDAQ:BDTX) within the last quarter, with an average price target of $7.83, implying an upside from the current price of $4.85. The average price target has increased by 213.2% over the past month.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 9:00 pm