Streetbeat News

Analyst Ratings

AMZN

Amazon.com, Inc. (NASDAQ:AMZN) had a successful Prime Day event, selling approximately $12.1 billion in gross merchandise value (GMV), according to BofA Securities analyst Justin Post. This represents the company's 'largest single sales day ever', with Prime members purchasing over 375 million items, a 13% increase from last year. The event likely boosted new Prime subscription sign-ups and customer satisfaction, and Amazon likely gained market share.

Portfolio Pulse from Priya Nigam

July 14, 2023 | 2:47 pm

CMG

A significant investor has taken a bullish stance on Chipotle Mexican Grill (NYSE:CMG), with 65% of investors opening trades with bullish expectations. The whales have been targeting a price range from $760.0 to $2300.0 for Chipotle over the last 3 months. The price of CMG is up 1.27% at $2074.85. Several financial firms have maintained their positive ratings on Chipotle, with price targets ranging from $2300 to $2400.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 2:46 pm

COIN

XRPUSD

The U.S. district court ruled that institutional sales of Ripple's (CRYPTO: XRP) token violated securities law, but it's not considered a security when sold through exchanges or programmatic sales. This ruling is seen as a major victory for the crypto industry. However, analysts caution that the rally in crypto-related stocks, including Coinbase (NASDAQ:COIN), which surged over 24% following the ruling, may not be justified.

Portfolio Pulse from Murtuza Merchant

July 14, 2023 | 2:46 pm

CAG

Conagra Brands (NYSE:CAG) reported Q4 earnings of $36.30 million, an increase of 89.39% from Q3. However, sales dropped to $2.97 billion, a 3.69% decrease from the previous quarter. The company posted a Return on Capital Employed (ROCE) of 0.0%, indicating effective capital allocation. The Q4 earnings per share were $0.62, beating analyst predictions of $0.59.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 2:45 pm

PEP

PepsiCo's Q2 earnings were $2.77 billion, a 42.54% increase from Q1, with sales of $22.32 billion, a 25.08% increase from Q1. The company's Return on Capital Employed (ROCE) was 0.16%, indicating effective capital allocation and potential for future growth. PepsiCo's Q2 earnings per share were $2.09, beating analyst predictions of $1.96.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 2:45 pm

NRIX

Nurix Therapeutics (NASDAQ:NRIX) reported Q2 sales of $30.68 million, up 40.4% from Q1, but still posted an overall loss of $24.28 million. The company's Return on Capital Employed (ROCE) was -0.09%, suggesting ineffective capital allocation. However, Q2 earnings per share beat analyst predictions.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 2:45 pm

TYL

Barclays analyst Saket Kalia maintains an Equal-Weight rating on Tyler Technologies (NYSE:TYL) and raises the price target from $400 to $425.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 2:43 pm

TENB

Barclays analyst Saket Kalia maintains an Overweight rating on Tenable Holdings (NASDAQ:TENB) and raises the price target from $44 to $49.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 2:42 pm

PTC

Barclays analyst Saket Kalia maintains an Overweight rating on PTC and raises the price target from $152 to $163.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 2:41 pm

NOVA

Truist Securities analyst Jordan Levy has reiterated a 'Buy' rating on Sunnova Energy Intl (NYSE:NOVA) and maintained a price target of $35.

Portfolio Pulse from richadhand@benzinga.com

July 14, 2023 | 2:41 pm