Streetbeat News

Analyst Ratings

BMRN

BMO Capital analyst Kostas Biliouris has upgraded Biomarin Pharmaceutical (NASDAQ:BMRN) from Market Perform to Outperform and set a price target of $102.

Portfolio Pulse from richadhand@benzinga.com

July 05, 2023 | 9:03 am

NFLX

Goldman Sachs analyst Eric Sheridan has upgraded Netflix from Sell to Neutral and raised the price target from $230 to $400.

Portfolio Pulse from richadhand@benzinga.com

July 05, 2023 | 9:00 am

F

GM

TSLA

Craig Irwin, an analyst at Roth Capital Partners, has warned that Tesla's stock may be 'egregiously overvalued'. He attributes the recent surge in Tesla's stock price to excitement about the company's price cuts and the adoption of its North American Charging Standard (NACS) by leading OEMs. However, he also highlighted the increasing competition from traditional automakers like Ford and General Motors, and a weak demand environment that has led Tesla to cut prices aggressively. Irwin also mentioned potential concerns about Tesla users having to wait behind other vehicle brands to charge, which may impact the Tesla brand but still result in profits.

Portfolio Pulse from Shanthi Rexaline

July 05, 2023 | 8:47 am

USEG

EF Hutton analyst Edward Reilly has assumed US Energy (NASDAQ:USEG) with a Buy rating and announced a price target of $3.

Portfolio Pulse from richadhand@benzinga.com

July 05, 2023 | 8:31 am

PED

EF Hutton analyst Ignacio Bernaldez has assumed PEDEVCO (AMEX:PED) with a Buy rating and set a price target of $2.4.

Portfolio Pulse from richadhand@benzinga.com

July 05, 2023 | 8:30 am

ENVX

EF Hutton analyst Chip Moore has assumed Enovix (NASDAQ:ENVX) with a Buy rating and announced a price target of $21.

Portfolio Pulse from richadhand@benzinga.com

July 05, 2023 | 8:29 am

AMPX

EF Hutton analyst Chip Moore has assumed Amprius Technologies (NYSE:AMPX) with a Buy rating and announced a price target of $14.

Portfolio Pulse from richadhand@benzinga.com

July 05, 2023 | 8:28 am

NPO

Keybanc analyst Jeffrey Hammond maintains an Overweight rating on EnPro Indus (NYSE:NPO) and raises the price target from $145 to $158.

Portfolio Pulse from richadhand@benzinga.com

July 05, 2023 | 8:24 am

TSLA

Gary Black, co-founder and Managing Partner of Future Fund, predicts that the launch of Tesla's Cybertruck will significantly boost the company's growth. He believes the Cybertruck will expand Tesla's total addressable market and attract potential customers who may end up purchasing other Tesla models. Contrary to the Street’s volume forecast, Black anticipates a 53% surge in volume for Tesla in 2024.

Portfolio Pulse from Shanthi Rexaline

July 05, 2023 | 5:41 am

BTCUSD

DOGEUSD

ETHUSD

Major cryptocurrencies traded mixed on Tuesday with Bitcoin dominance level reaching its highest point since April 2021, surpassing 50%. The price of Bitcoin surged to $31,371, its highest level since June 2022, driven by optimism surrounding the spot Bitcoin exchange-traded fund (ETF) applications filed by influential Wall Street players, including Blackrock. Crypto analyst Michael Van de Poppe suggests that Bitcoin dominance may be close to its peak. Another analyst, Inmortal, suggests that Solana could soon skyrocket back to all-time highs after breaching the resistance of $60.

Portfolio Pulse from Mehab Qureshi

July 05, 2023 | 2:46 am