Streetbeat News

Analyst Ratings

ACVA

Over the past 3 months, 15 analysts have published their opinion on ACV Auctions (NASDAQ:ACVA) stock. The company has an average price target of $19.33, up by 19.76% from the previous average price target of $16.14. The majority of the ratings are bullish.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 7:01 pm

JBLU

In the last quarter, JetBlue Airways (NASDAQ:JBLU) received 3 indifferent and 2 somewhat bearish analyst ratings. The average 12-month price target for the company, according to 5 analysts, is $8.6, with a high of $10.00 and a low of $8.00. This average price target has increased by 0.47% over the past month.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 7:01 pm

GSHD

Goosehead Insurance (NASDAQ:GSHD) has received 9 analyst ratings in the last quarter, with 8 being somewhat bullish and 1 indifferent. The average price target is $75.33, indicating an upside from the current price of $62.22. The average price target has increased by 30.44% over the past month.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 7:00 pm

GDRX

GoodRx Holdings (NASDAQ:GDRX) has received 2 bullish and 2 indifferent analyst ratings in the last quarter. The average price target is $6.81, implying an upside from the current price of $6.5992. This average has decreased by 13.03% from the previous average price target of $7.83.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 7:00 pm

BKD

RBC Capital Markets analyst Ben Hendrix reiterated a Sector Perform rating on Brookdale Senior Living Inc. (NYSE:BKD), with a price target of $7. Hendrix expressed caution about potential high mid-to-late summer operating costs due to extreme heat. BKD's June occupancy report showed a weighted average occupancy of 76.8%, up 160 bps Y/Y. The analyst decreased the 2Q23 adjusted EBITDA estimate to $74.2 million on revenue of $748.5 million to reflect June and 2Q occupancy results. BKD shares are trading lower by 11.2% to $3.8250.

Portfolio Pulse from Nabaparna Bhattacharya

July 12, 2023 | 6:43 pm

MCD

A significant bearish stance has been taken on McDonald's (NYSE:MCD) by a large investor, as observed in the options history. The overall sentiment of these big-money traders is split between 28% bullish and 71% bearish. Whales have been targeting a price range from $270.0 to $305.0 for McDonald's over the last 3 months. Guggenheim, TD Cowen, and Loop Capital have given price targets of $325, $326, and $346 respectively.

Portfolio Pulse from Benzinga Insights

July 12, 2023 | 6:35 pm

HLLY

J.P. Morgan analyst Christian Carlino upgraded the rating on Holley Inc. (NYSE:HLLY) from Neutral to Overweight, with a price target of $7. The analyst predicts topline and margin growth for Holley in 2023/2024 due to conservative guidance, the Sniper 2.0 release, and potential upside from reducing past dues. Despite overhangs weighing on the stock, the analyst sees a path to upward revisions and modest balance sheet deleveraging.

Portfolio Pulse from Nabaparna Bhattacharya

July 12, 2023 | 6:32 pm

HLLY

JP Morgan has upgraded Holley from Neutral to Overweight, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

July 12, 2023 | 6:31 pm

META

Citi analyst Ronald Josey reiterated a Buy rating on Meta Platforms Inc (NASDAQ:META) with a price target of $360, citing growth driven by AI Content Discovery, Reels, and innovative ads. Credit Suisse analyst Ross Sandler also has an Overweight rating with a $320 price target on the stock. Both analysts see potential for new stand-alone apps and improved profitability in the future.

Portfolio Pulse from Anusuya Lahiri

July 12, 2023 | 6:25 pm

CRM

Salesforce, Inc (NYSE:CRM) announced a price increase for many Clouds effective August 2023, marking its first price hike in seven years. The average list price increase is about 9% for the impacted products. Analysts from BMO Capital, Mizuho, Needham, and B of A Securities maintain Salesforce with an Outperform or Buy rating, raising the price targets. The price increase is expected to support growth in FY25 and provide margin leverage.

Portfolio Pulse from Anusuya Lahiri

July 12, 2023 | 6:21 pm