Streetbeat News

Analyst Ratings

META

Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg discussed the company's new Orion AR Glasses, which are in the prototype stage and aim to be the next major computing platform after phones. Analysts have re-rated Meta positively following the unveiling of these glasses at the Meta Connect 2024 event.

Portfolio Pulse from Ananya Gairola

September 30, 2024 | 3:12 am

AFRM

FCNCA

FTI

GPN

MEDP

MMYT

NOW

REGN

SMCI

SMMT

Several large-cap stocks experienced significant declines last week, with notable downgrades and investigations impacting their performance. Key companies affected include Summit Therapeutics, MakeMyTrip, Medpace Holdings, Regeneron Pharmaceuticals, Global Payments, Affirm Holdings, Super Micro Computer, TechnipFMC, First Citizens BancShares, and ServiceNow.

Portfolio Pulse from Lekha Gupta

September 29, 2024 | 5:25 pm

GOEV

KARS

NIO

RIVN

TSLA

The EV sector saw significant movements this week, with Tesla leading the charge due to strong sales in China and upcoming catalysts. Rivian faced a downgrade from Morgan Stanley, while Canoo expanded to the UK amidst internal challenges. Nio began deliveries of its new low-end EV, and GM announced a partnership for fast-charging batteries. The KraneShares Electric Vehicles and Future Mobility Index ETF saw a notable rise.

Portfolio Pulse from Shanthi Rexaline

September 28, 2024 | 2:35 pm

AAPL

CRWD

NVO

TSLA

Benzinga highlights key stock stories, including Apple's projected revenue from iPhones, Shiba Inu's stablecoin update, Novo Nordisk's drug benefits, and Tesla's Robotaxi event skepticism. The Dow hit a record high amid inflation progress and a Fed rate cut.

Portfolio Pulse from Michael Cohen

September 28, 2024 | 12:42 pm

INTU

Intuit (NASDAQ:INTU) has received mixed analyst ratings over the past three months, with a majority being somewhat bullish. The average 12-month price target has increased by 2.51% to $746.92. Despite strong revenue growth, Intuit faces challenges with profitability metrics like net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

September 27, 2024 | 9:01 pm

Impinj (NASDAQ:PI) has received varied analyst ratings, with a majority being somewhat bullish. Analysts have set a 12-month average price target of $200, reflecting a 15.61% increase from the previous target. Impinj's financial performance shows strong net margins and ROE, but a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

September 27, 2024 | 9:00 pm

VBNK

Roth MKM analyst Craig Irwin initiated coverage on VersaBank (NASDAQ:VBNK) with a price target of $18, following its acquisition of Stearns Bank Holdings. The bank plans to expand its point-of-sale lending model in the U.S. and anticipates modest net interest margin expansion. VBNK shares closed at $13.03, down 2.03%.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2024 | 8:22 pm

UDMY

Morgan Stanley analyst Josh Baer downgraded Udemy, Inc. (NASDAQ:UDMY) to Underweight, citing a negative risk/reward profile due to weak demand and strategic shifts. The price target was lowered to $7.50. Udemy's recent workforce changes and strategic focus may lead to disruptions.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2024 | 8:13 pm

BUYZ

IYT

UBER

Oppenheimer analyst raises Uber's price target to $95, citing increased food delivery penetration and potential for new user acquisition. Uber's partnership with Spirit Halloween and favorable delivery trends contribute to the positive outlook.

Portfolio Pulse from Lekha Gupta

September 27, 2024 | 8:11 pm

BMBL

MTCH

KeyBanc Capital Markets analyst Justin Patterson downgraded Bumble Inc. (BMBL) due to weak app store data and financial outlook concerns. Despite potential acquisition interest, regulatory challenges could arise if Match Group (MTCH) attempts to acquire Bumble. Bumble's new features may disrupt its unique approach, and the company faces significant challenges in stabilizing its business.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2024 | 8:02 pm