Streetbeat News

Analyst Ratings

AAN

FMC

JUPW

MOB

NSTG

TIVC

US stocks traded higher with the Nasdaq Composite slightly up. Mobilicom Limited (NASDAQ:MOB) shares rose 85% after receiving a commercial scale purchase order from Teledyne-FLIR for drone production for the US Department of Defense. Jupiter Wellness, Inc. (NASDAQ:JUPW) shares rose 42% after announcing an Asset Purchase Agreement with GBB Drink Lab. NanoString Technologies, Inc. (NASDAQ:NSTG) shares rose 37% after the company raised its Q2 revenue guidance. Tivic Health Systems, Inc. (NASDAQ:TIVC) shares dropped 37% after pricing a public offering of 32.5 million shares. The Aaron's Company, Inc. (NYSE:AAN) shares fell 11% after Loop Capital downgraded the stock. FMC Corporation (NYSE:FMC) shares fell 11% after the company cut its Q2 and 2023 guidance.

Portfolio Pulse from Lisa Levin

July 10, 2023 | 6:43 pm

GS

Societe Generale analyst Andrew Lim has downgraded Goldman Sachs Gr (NYSE:GS) from Buy to Hold.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 6:42 pm

JPM

Societe Generale analyst Andrew Lim has downgraded JPMorgan Chase (NYSE:JPM) from Buy to Hold.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 6:38 pm

PLTR

A significant bullish stance has been taken on Palantir Technologies (NYSE:PLTR) with 33 uncommon options trades spotted. The sentiment of these big-money traders is split between 51% bullish and 48% bearish. Whales have been targeting a price range from $10.0 to $30.0 for Palantir Technologies over the last 3 months. The price of PLTR is up 5.48% at $16.18. B of A Securities maintains their Buy rating on Palantir Technologies with a price target of $18. Raymond James downgraded its action to Outperform with a price target of $18.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 6:31 pm

NOW

A significant bearish stance has been taken on ServiceNow (NYSE:NOW) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $480.0 to $820.0 for ServiceNow over the last 3 months. Needham has downgraded its action to Buy with a price target of $660.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 6:31 pm

LGIH

JMP Securities analyst Aaron Hecht has reiterated a Market Outperform rating on LGI Homes Inc (LGIH) and raised the price target from $130 to $150. This follows LGIH's announcement of its June home closings, which exceeded expectations at 1,854 homes. The analyst also increased the diluted EPS estimates for 2023 and 2024. LGIH shares are currently trading higher by 3.6% at $127.92.

Portfolio Pulse from Shivani Kumaresan

July 10, 2023 | 6:27 pm

PANW

ZS

Needham analyst Alex Henderson reiterated a Strong Buy rating on Zscaler, Inc. (NASDAQ:ZS) with a price target of $210. The analyst is optimistic about the company's robust pipeline, new features and products, particularly the AI-driven Risk360. Zscaler's multi-tenancy architecture is seen as a significant advantage. The company is growing 50% faster than its closest competitor, Palo Alto Networks, Inc. (NASDAQ:PANW). ZS shares are trading higher by 6.12% to $151.94.

Portfolio Pulse from Nabaparna Bhattacharya

July 10, 2023 | 6:24 pm

CAVA

Shares of CAVA Group, Inc. (NYSE:CAVA) rose after several firms initiated coverage on the stock with bullish ratings and price targets. Analysts from Citigroup, JP Morgan, Jefferies, Stifel, Morgan Stanley, Piper Sandler, and William Blair initiated coverage with ratings ranging from Neutral to Buy and price targets between $42 and $48.

Portfolio Pulse from Ryan Gustafson

July 10, 2023 | 6:20 pm

HP

RBC Capital Markets analyst Keith Mackey has downgraded Helmerich & Payne Inc (NYSE:HP) to 'Sector Perform' from 'Outperform' and reduced the price target to $45 from $53. The downgrade is due to a reduced forecast for the U.S. land rig count, which impacts HP's growth and margin expansion. The majority of HP's earnings come from U.S. onshore land rigs. The analyst expects EBITDA margins to peak at 32.8% in 2023 and decline by around 110bps in 2024.

Portfolio Pulse from Lekha Gupta

July 10, 2023 | 6:20 pm

MRVL

A significant amount of unusual options activity has been observed for Marvell Tech (NASDAQ:MRVL), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $25.0 and $75.0. Stifel has downgraded its action to Buy with a price target of $65, while Morgan Stanley maintains an Equal-Weight rating with a price target of $68.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 6:16 pm