Streetbeat News

Analyst Ratings

JNJ

A significant bearish stance has been taken on Johnson & Johnson (NYSE:JNJ) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is 21% bullish and 78% bearish. The whales have been targeting a price range from $150.0 to $175.0 for JNJ over the last 3 months. The current price of JNJ is up 1.04% at $165.8. Mizuho maintains a Buy rating on JNJ.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 5:47 pm

ISRG

A large bearish position has been taken on Intuitive Surgical (NASDAQ:ISRG), as noticed by Benzinga's options scanner. The overall sentiment of these big-money traders is split between 47% bullish and 52% bearish. Whales have been targeting a price range from $173.33 to $450.0 for Intuitive Surgical over the last 3 months. BTIG has decided to maintain their Buy rating on Intuitive Surgical, which currently sits at a price target of $326.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 5:47 pm

EIGR

Eiger BioPharmaceuticals' stock price is trading higher following Baird's decision to raise its price target from $3 to $5. This comes after the company announced a reorganization and portfolio prioritization.

Portfolio Pulse from Benzinga Newsdesk

June 30, 2023 | 5:40 pm

BRCC

Telsey Advisory Group analyst Sarang Vora reiterated an Outperform rating on BRC Inc (NYSE:BRCC) with a price target of $10. The company announced senior management changes and the analyst believes these changes will strengthen the company's operations. The 2Q23 pre-announced results were in line with expectations and the 2023 outlook remains unchanged. The company's shift to an omni-channel model and the success of its RTD products are expected to drive growth.

Portfolio Pulse from Shivani Kumaresan

June 30, 2023 | 5:35 pm

MA

A significant bullish stance has been taken on Mastercard (NYSE:MA) by a large investor or institution, as evidenced by unusual options activity. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The whales have been targeting a price range from $210.0 to $420.0 for Mastercard over the last 3 months. Susquehanna and Baird have downgraded their actions to Positive and Outperform with price targets of $433 and $435 respectively.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 5:32 pm

NIO

XPEV

Shares of NIO, Inc. (NYSE:NIO) and XPeng, Inc. (NYSE:XPEV) are trading higher amid strength in Chinese EV names. CLSA upgraded XPeng from a Buy rating to an Outperform rating and raised the price target from $10 to $13.10. XPeng also launched its G6 Ultra Smart Coupe SUV with deliveries expected to begin in July. Nio's shares have gained over 15% in the last week and nearly 30% over the last month after launching its first smart electric tourer, the ET5T.

Portfolio Pulse from Erica Kollmann

June 30, 2023 | 5:25 pm

AMD

NVDA

Nvidia Corp's stock is trading higher after an upgrade from Daiwa Capital from Neutral to Outperform and a raised price target from $408 to $475. Analysts expect Nvidia to outperform its rivals, including Advanced Micro Devices, Inc. Despite U.S. export controls and a preexisting embargo restricting sales of some AI chips to China, Nvidia is expected to continue strong growth due to Gen AI adoption. The company's management does not expect a significant impact from potential new China export controls in the near term.

Portfolio Pulse from Anusuya Lahiri

June 30, 2023 | 5:20 pm

SMPL

Mizuho analyst John J. Baumgartner reiterated a Buy rating on The Simply Good Foods Company (NASDAQ:SMPL), but lowered the price target from $45 to $42. The company's Q3 FY23 sales increased 2.6% YoY to $324.79 million, beating the consensus. Adjusted EPS of $0.44 surpassed the consensus of $0.41. The analyst sees limited risk of growth breaking down in the short term as marketing spending increases. CEO-elect Geoff Tanner is aggressively focused on growth.

Portfolio Pulse from Nabaparna Bhattacharya

June 30, 2023 | 5:19 pm

WMT

A 'whale' investor has taken a bullish stance on Walmart (NYSE:WMT), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $150.0 to $160.0 for Walmart over the last 3 months. The price of WMT is up 1.48% at $156.56. Morgan Stanley, Telsey Advisory Group, and Credit Suisse have downgraded their actions on Walmart, while Tigress Financial maintains their Buy rating.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 5:16 pm

DAL

A significant bullish stance has been taken on Delta Air Lines (NYSE:DAL) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split evenly between bullish and bearish. The price target for Delta Air Lines, based on the volume and open interest of these contracts, ranges from $35.0 to $55.0. The company's stock price is currently up 1.94% at $47.21. Several financial institutions have maintained their positive ratings on Delta, with price targets ranging from $48 to $70.

Portfolio Pulse from Benzinga Insights

June 30, 2023 | 5:16 pm