Streetbeat News

Analyst Ratings

RVLV

In the last quarter, Revolve Gr (NYSE:RVLV) received mixed analyst ratings with 4 bullish, 2 somewhat bullish, 4 indifferent, and 2 somewhat bearish. The company's average 12-month price target is $21.83, representing a 19.45% decrease from the previous average price target of $27.10.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 7:01 pm

BRZE

Analysts have provided various ratings for Braze (NASDAQ:BRZE) within the last quarter, with the majority being somewhat bullish. The average 12-month price target for Braze has increased by 8.69% from the previous average price target of $38.11 to $41.42.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 7:00 pm

LUV

Analysts have provided various ratings for Southwest Airlines (NYSE:LUV) within the last quarter, with 2 bullish, 2 somewhat bullish, and 3 indifferent ratings. The average 12-month price target for the airline is $46.57, representing a 4.39% decrease from the previous average price target of $48.71.

Portfolio Pulse from Benzinga Insights

July 13, 2023 | 7:00 pm

CMCSA

ROKU

Benchmark analyst Matthew Harrigan reiterated a Buy rating and a $49 price target for Comcast Corp (NASDAQ:CMCSA). Despite the ongoing strike by SAG and WGA, NBCUniversal, a subsidiary of Comcast, is well-positioned due to its high reality show programming component. The partnership between Roku, Inc (NASDAQ:ROKU) and Comcast's FreeWheel aims to advance ad tech for TV streaming.

Portfolio Pulse from Anusuya Lahiri

July 13, 2023 | 6:57 pm

BP

Raymond James analyst Justin Jenkins has reiterated an Outperform rating on BP P.L.C. (NYSE:BP), but lowered the price target to $45 from $47. Jenkins noted that BP's net zero plan is the most comprehensive in the industry. The analyst also lowered the EPADS estimate for 2Q to $1.15 due to lower Gas & Low Carbon and Oil Production & Operations estimates. However, BP's surplus cash outlook and share repurchases are expected to reduce share count significantly. The analyst also lowered 2023 and 2024 EPS and revenue estimates.

Portfolio Pulse from Nabaparna Bhattacharya

July 13, 2023 | 6:56 pm

BAH

Stifel analyst Bert Subin has reiterated a Buy rating on Booz Allen Hamilton Holding Corporation (BAH) and raised the price target from $110 to $125. The analyst predicts that AI-enabled contracts will be key to the company's medium-term success, estimating potential annual sales from these contracts to be $200 million - $800 million. The company is seen as the largest provider of AI services to the federal government, and the emergence of a burgeoning AI opportunity likely makes Booz's premium multiple deserved.

Portfolio Pulse from Shivani Kumaresan

July 13, 2023 | 6:53 pm

AZTA

CYRX

Cryoport Inc's shares are trading lower after the company released preliminary results for Q2 FY23 and updated its revenue expectations for FY23. The company expects Q2 sales of $56.5 million - $57.5 million, a decrease of 11% compared to Q2 2022 and below the consensus of $67.4 million. Cryoport also lowered its FY23 sales outlook to $233 million - $243 million, down from prior guidance of $270 million - $290 million. Despite this, analysts remain bullish on the company's long-term return.

Portfolio Pulse from Vandana Singh

July 13, 2023 | 6:52 pm

FISI

Stephens analyst Matt Breese initiated coverage on Financial Institutions, Inc. (NASDAQ:FISI) with an Equal Weight rating and a price target of $20. Despite the company's strengths such as diversified revenues and a steady NIM outlook, Breese is concerned about FISI's below-average profitability. He forecasts operating EPS of $2.94 for 2023 and 2024, and a 0.74% ROA in 2024. FISI shares are currently trading lower by 0.46% to $16.27.

Portfolio Pulse from Nabaparna Bhattacharya

July 13, 2023 | 6:51 pm

AXNX

MDT

KeyBanc Capital Markets initiated coverage on Axonics Inc (AXNX) with an Overweight rating and a price target of $70. The analyst believes AXNX is well-positioned to penetrate its portfolio in an underserved market. AXNX is facing an IP lawsuit from Medtronic Plc (MDT), but the analyst believes AXNX can manage through a wide range of scenarios. AXNX shares are up 5.26% at $51.20.

Portfolio Pulse from Vandana Singh

July 13, 2023 | 6:45 pm

APO

CG

KKR

Private equity stocks are trading higher following bullish commentary from Barclay's. Stocks mentioned include APO, CG, and KKR.

Portfolio Pulse from Benzinga Newsdesk

July 13, 2023 | 6:44 pm