Streetbeat News

Analyst Ratings

RIVN

Rivian Automotive Inc's shares have been volatile, with a 20% increase over the last week and nearly 75% over the last month. The rally was driven by the company's Q2 production and delivery numbers, which were in line with expectations. Several analysts raised price targets on the stock following the announcement. Rivian will report Q2 financial results on Aug. 8.

Portfolio Pulse from Adam Eckert

July 10, 2023 | 2:37 pm

XP

Goldman Sachs analyst Tito Labarta maintains a Buy rating on XP (NASDAQ:XP) and raises the price target from $22 to $29.

Portfolio Pulse from richadhand@benzinga.com

July 10, 2023 | 2:37 pm

GOL

Barclays analyst Pablo Monsivais maintains an Equal-Weight rating on Gol Intelligent Airlines (NYSE:GOL) and raises the price target from $3.5 to $5.5.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 2:36 pm

ROK

Goldman Sachs analyst Joe Ritchie maintains a 'Sell' rating on Rockwell Automation (NYSE:ROK) and raises the price target from $290 to $320.

Portfolio Pulse from richadhand@benzinga.com

July 10, 2023 | 2:36 pm

PH

Goldman Sachs analyst Joe Ritchie maintains a Buy rating on Parker Hannifin (NYSE:PH) and raises the price target from $389 to $430.

Portfolio Pulse from richadhand@benzinga.com

July 10, 2023 | 2:35 pm

TSLA

Tesla, Inc (NASDAQ:TSLA) was trading slightly lower on Monday with far-below-average volume, contrasting with the rising S&P 500. The company is set to release earnings soon, which will set the tone for the trading season. Analysts from Mizuho and Jefferies have maintained their ratings and raised price targets for Tesla. The stock is currently trading in a bull flag pattern, but continued downward momentum could negate this. Tesla has resistance above at $271.71 and $285.83 and support below at $254.98 and $234.35.

Portfolio Pulse from Melanie Schaffer

July 10, 2023 | 2:35 pm

GGG

Goldman Sachs analyst Joe Ritchie maintains a Neutral rating on Graco (NYSE:GGG) and raises the price target from $79 to $87.

Portfolio Pulse from richadhand@benzinga.com

July 10, 2023 | 2:34 pm

CAVA

Shares of Cava Group Inc (NYSE:CAVA) rose by almost 10% during early trading on Monday, following its successful IPO last month. The company has high average unit volumes and a 44% revenue CAGR in the five years through 2022. Analyst Sharon Zackfia from William Blair initiated coverage of Cava Group with an Outperform rating, predicting that the company could triple its number of locations by 2023.

Portfolio Pulse from Priya Nigam

July 10, 2023 | 2:34 pm

CNM

Goldman Sachs analyst Joe Ritchie maintains a Neutral rating on Core & Main (NYSE:CNM) and raises the price target from $30 to $33.

Portfolio Pulse from richadhand@benzinga.com

July 10, 2023 | 2:33 pm

AAPL

A significant bearish stance on Apple (NASDAQ:AAPL) has been observed through unusual options activity. The sentiment among these big-money traders is split between 43% bullish and 56% bearish. The whales have been targeting a price range from $185.0 to $225.0 for Apple over the last 3 months. The price of AAPL is currently down -1.01% at $188.76. Several financial institutions have downgraded their ratings on Apple, with price targets ranging from $175 to $240.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 2:33 pm