Streetbeat News

Analyst Ratings

TSX:ATD

Raymond James analyst Bobby Griffin maintains a Strong Buy rating on Alimentation Couche-Tard (TSX:ATD) and raises the price target from C$75 to C$78.

Portfolio Pulse from richadhand@benzinga.com

June 30, 2023 | 8:26 am

GMDA

Needham analyst Gil Blum has reiterated a 'Buy' rating on Gamida Cell (NASDAQ:GMDA) and maintained a price target of $6.

Portfolio Pulse from richadhand@benzinga.com

June 30, 2023 | 8:22 am

BTCY

GS

JPM

STZ

Bank stocks, including JPMorgan Chase & Co. (NYSE:JPM) and The Goldman Sachs Group, Inc. (NYSE:GS), rose following the Fed's stress test results, which showed all 23 banks tested remained above their minimum capital requirements during a hypothetical recession. The U.S. economy expanded by an annualized rate of 2% in Q1, higher than expected. Investors are awaiting earnings results from Constellation Brands, Inc. (NYSE:STZ) and Biotricity, Inc. (NASDAQ:BTCY). The CNN Money Fear and Greed index showed an increase in overall sentiment among U.S. investors.

Portfolio Pulse from Lisa Levin

June 30, 2023 | 6:35 am

AMZN

NVDA

Anthony Scaramucci, founder of SkyBridge Capital, suggests that despite AI stocks potentially being in a bubble, they are still worth owning for long-term investors. He cites Nvidia Corp. as an example of a high-quality AI stock that may be overvalued currently but could be a good investment over the next 15 years. He also draws parallels with early internet winners like Amazon.com Inc, which despite fluctuations, has proven to be a great investment in the long run.

Portfolio Pulse from Benzinga Newsbot

June 30, 2023 | 5:57 am

AAPL

AMZN

GOOG

GOOGL

MSFT

Citigroup analyst Atif Malik has initiated coverage of Apple Inc (AAPL) with a 'Buy' rating and a $240 price target, indicating a potential 30% upside. Malik believes that the market is underestimating Apple's potential for gross margin expansion, driven by a shift towards higher-end iPhones and market share gains in China and India. Apple's stock has gained over 51% since the start of 2023. Other tech giants such as Microsoft (MSFT), Alphabet (GOOG, GOOGL), and Amazon (AMZN) also have high buy ratings from analysts.

Portfolio Pulse from Bhavik Nair

June 30, 2023 | 1:58 am

SNV

Synovus Financial Corp. (NYSE:SNV) has received a mix of bullish and indifferent ratings from analysts in the last quarter. The average price target is $37.57, which is higher than the current price of $30.47. However, this average has decreased by 13.97% from the previous average price target of $43.67.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 9:01 pm

CNXC

In the last quarter, Concentrix (NASDAQ:CNXC) received 1 bullish, 2 somewhat bullish, and 1 indifferent rating from analysts. The company's average 12-month price target is $127.0, a decrease of 23.03% from the previous average of $165.00.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 9:01 pm

EWBC

East West Bancorp (NASDAQ:EWBC) has received various analyst ratings in the last quarter, with 1 bullish, 2 somewhat bullish, and 4 indifferent. Over the past 3 months, 7 analysts have offered 12-month price targets for the company, with an average price target of $66.0, a decrease of 9.23% from the previous average price target of $72.71.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 9:01 pm

ASO

In the last quarter, Academy Sports (NASDAQ:ASO) received 13 analyst ratings, with 12 being bullish or somewhat bullish, and one being indifferent. The average 12-month price target for the company is $68.54, a decrease of 8.37% from the previous average of $74.80.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 9:00 pm

ZION

Zions Bancorp (NASDAQ:ZION) has received various analyst ratings in the last quarter, with 2 bullish, 5 somewhat bullish, 11 indifferent, 1 somewhat bearish, and no bearish ratings. The average price target is $39.16, representing an upside from the current price of $27.28. However, this average is a 16.31% decrease from the previous average price target of $46.79.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 9:00 pm