Streetbeat News

Analyst Ratings

AAPL

MASI

Wells Fargo initiated coverage on Masimo Corporation (MASI) with an Equal Weight rating and a price target of $173. The analyst is optimistic about the Healthcare business and sees potential upside from new Consumer Health products in 2024 and beyond. However, concerns about the proxy overhang and litigation risk from Apple Inc (AAPL) are keeping them on the sidelines. Politan Capital Management, which owns a 9% stake in Masimo, has signaled interest in joining the board, a move that could result in MASI separating the Sound United business.

Portfolio Pulse from Vandana Singh

July 10, 2023 | 7:15 pm

FTNT

Shares of Fortinet, Inc. (NASDAQ:FTNT) are trading higher after Morgan Stanley maintained an Overweight rating on the stock and raised its price target from $77 to $84. The stock has rallied over 25% since the start of the year and over 17% in the past three months. The company will hold a conference call on August 3 to discuss its Q2 2023 financial results.

Portfolio Pulse from Ryan Gustafson

July 10, 2023 | 7:10 pm

BLK

Keefe, Bruyette & Woods analyst Michael Brown has upgraded BlackRock Inc (NYSE:BLK) to Outperform from Market Perform, raising the price target from $770 to $835. Brown is bullish on BLK's organic growth and profitability, and believes the high-interest rate environment and the shift to outsourcing will benefit the company. He also sees opportunities for international expansion and enhancement of the private asset platform.

Portfolio Pulse from Lekha Gupta

July 10, 2023 | 7:07 pm

SNOW

A significant bullish stance has been taken on Snowflake (NYSE:SNOW) by a large investor or institution, as indicated by a large position in the company's options. The sentiment among these big-money traders is split, with 55% bullish and 44% bearish. The price target for Snowflake, based on the volume and open interest of these contracts, ranges from $120 to $250. Several financial institutions, including Goldman Sachs, JMP Securities, Mizuho, Needham, and Barclays, have maintained their positive ratings on Snowflake.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 7:06 pm

SQ

A significant investor has taken a bearish stance on Block (NYSE:SQ), with 57% of the detected trades being bearish. The trades include 8 puts amounting to $349,996 and 13 calls amounting to $806,596. The whales have been targeting a price range from $55.0 to $80.0 for Block over the last 3 months. The price of SQ is currently up 2.32% at $68.83, and the next earnings are expected in 24 days.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 7:06 pm

MSFT

PERI

Needham analyst Laura Martin reiterated a Buy rating and a $42 price target for Perion Network Ltd (PERI). She highlighted the company's growth potential in Search Advertising, which accounted for 45% of PERI's total gross revenues in 1Q23. PERI's partnership with Microsoft Corp (MSFT) Bing has been beneficial, with PERI having the right to put Bing on browsers, devices, and websites globally for a share of the ad dollars on Bing's results pages. PERI's next CEO, Tal Jacobson, has led the Search segment since 2018 and has overseen its rapid revenue growth.

Portfolio Pulse from Anusuya Lahiri

July 10, 2023 | 7:06 pm

INTA

BTIG has initiated coverage on Intapp with a Buy rating and a price target of $55. This has led to an increase in Intapp's stock price.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 7:05 pm

ADBE

ATVI

MSFT

Adobe Systems, Inc (ADBE) is facing global antitrust resistance to its proposed acquisition of Figma, Inc. The European Commission has until August 7 to decide whether to clear the acquisition or move to a more detailed investigation. The U.S. Department of Justice is also reportedly preparing to file a lawsuit to enjoin the acquisition. Despite these challenges, Adobe's stock has increased 44% year to date. JMP analyst Patrick Walravens maintained a Market Perform rating on Adobe.

Portfolio Pulse from Anusuya Lahiri

July 10, 2023 | 7:01 pm

LAZ

Over the past 3 months, 4 analysts have published their opinion on Lazard (NYSE:LAZ) stock. The average price target for Lazard has increased by 11.84% from the previous average price target of $38.67 to $43.25. The analysts' ratings are mixed with 2 somewhat bullish, 1 indifferent, and 1 somewhat bearish.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 7:01 pm

DISH

Over the past 3 months, 6 analysts have published their opinion on DISH Network (NASDAQ:DISH) stock. The average price target is $15.67, representing a 25.38% decrease from the previous average price target of $21.00. The ratings include 2 bullish, 1 somewhat bullish, 2 indifferent, and 1 somewhat bearish.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 7:01 pm