Streetbeat News

Analyst Ratings

BRDG

Bridge Investment Group (NYSE:BRDG) has received four somewhat bullish ratings and one indifferent rating from analysts in the last quarter. The average 12-month price target for the company is $14.5, a decrease of 14.71% from the previous average price target of $17.00.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 8:00 pm

CHK

Over the past 3 months, 8 analysts have published their opinion on Chesapeake Energy (NASDAQ:CHK) stock. The average price target for the stock has increased by 11.74% from the previous average price target of $81.33 to $90.88. The majority of the analysts are indifferent about the stock with 6 out of 8 giving a neutral rating.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 8:00 pm

TTD

Shares of The Trade Desk (TTD) are trading higher after Needham reiterated a Buy rating on the stock.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 7:49 pm

ASML

A significant investor has taken a bearish stance on ASML Holding (NASDAQ:ASML), with 66% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $600.0 to $760.0 for ASML Holding over the last 3 months. The price of ASML is currently down -0.85% at $703.77. The next earnings are expected to be released in 8 days.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 7:47 pm

SBUX

A significant amount of unusual options activity has been detected for Starbucks (NASDAQ:SBUX), with a mix of bullish and bearish stances. Whales have been targeting a price range from $75.0 to $115.0 for Starbucks over the last 3 months. The price of SBUX is currently up 0.72% at $99.84. TD Cowen and Piper Sandler have downgraded their actions on Starbucks, with price targets of $117 and $107 respectively.

Portfolio Pulse from Benzinga Insights

July 11, 2023 | 7:47 pm

AIG

RNR

BMO Capital Markets analyst Michael Zaremski upgraded RenaissanceRe Holdings Ltd (RNR) to Outperform from Market Perform, raising the rating from $198 to $216. The upgrade is based on expected gains from RNR's recent acquisition of American International Group's (AIG) reinsurance business and anticipated benefits from increased demand for property reinsurance due to population and wage growth in catastrophe-prone regions. However, Zaremski expressed caution about RNR's reinsurance pricing power in 2024.

Portfolio Pulse from Lekha Gupta

July 11, 2023 | 7:45 pm

INCY

SNDX

Guggenheim Partners initiated coverage on Syndax Pharmaceuticals Inc (SNDX) with a BUY rating and a price target of $40. The company's lead asset, revumenib, is seen as a potential breakthrough in the treatment of certain leukemias. The company's second program, axatilimab, partnered with Incyte Pharmaceutical Inc (INCY), is also seen as a valuable asset.

Portfolio Pulse from Vandana Singh

July 11, 2023 | 7:43 pm

SLNO

Cantor Fitzgerald has initiated coverage on Soleno Therapeutics Inc with an Overweight rating and a price target of $19. Soleno's lead program, DCCR, is in Phase 3 development for Prader-Willi Syndrome (PWS), and the analyst expects positive findings in 3Q23. Despite disappointing Phase 3 trial data three years ago, the analyst sees the upside potential as much higher than any downside risk due to the unmet need in the PWS market.

Portfolio Pulse from Vandana Singh

July 11, 2023 | 7:38 pm

CRBU

Truist Securities has initiated coverage on Caribou Biosciences with a Buy rating and a $23 price target, leading to a rise in the company's stock.

Portfolio Pulse from Benzinga Newsdesk

July 11, 2023 | 7:38 pm

HVT

Benchmark analyst Michael Legg initiated coverage on Haverty Furniture Companies Inc (HVT) with a Buy rating and a price target of $41. The analyst believes that HVT's strong sales during COVID, improved margins due to internal initiatives, positive migration trends in key states, and a debt-free balance sheet with significant free cash flow make it an attractive investment. The company's stock is currently trading higher by 3.9% at $31.94.

Portfolio Pulse from Shivani Kumaresan

July 11, 2023 | 7:37 pm