Streetbeat News

Analyst Ratings

MU

Despite a decline in Micron Technology Inc's (NASDAQ:MU) shares, four analysts remain bullish on the company's outlook. The analysts from Needham, Raymond James, Rosenblatt Securities, and Bernstein maintained their positive ratings and raised their price targets. They believe that the company's strong fiscal third-quarter results and solid guidance outweigh the potential negative impact of a decision by the Cyberspace Administration of China (CAC) that could hurt sales by ~12%.

Portfolio Pulse from Priya Nigam

June 29, 2023 | 2:59 pm

CWCO

Zacks Home Run Newsletter has reportedly purchased stock in Consolidated Water Co. (CWCO).

Portfolio Pulse from Happy Mohamed

June 29, 2023 | 2:55 pm

ARLO

Arlo Technologies' shares are trading higher after Craig-Hallum initiated coverage on the stock with a Buy rating and a $17 price target.

Portfolio Pulse from Benzinga Newsdesk

June 29, 2023 | 2:55 pm

PLUG

Plug Power, Inc. (NASDAQ:PLUG) shares are trading higher, continuing the stock's upward trend with gains of over 20% for June. Catalysts include the company's analyst day, increased revenue diversification, and a clear path to positive operational cash flow. The company also received a $21.8 million grant from the European Commission for an offshore hydrogen production plant. The stock has high short interest with 19.39% of available shares currently sold short.

Portfolio Pulse from Erica Kollmann

June 29, 2023 | 2:54 pm

WFC

A significant investor has taken a bullish stance on Wells Fargo (NYSE:WFC), with 76% of the investors opening trades with bullish expectations. The whales have been targeting a price range from $37.5 to $50.0 for Wells Fargo over the last 3 months. The price of WFC is up 3.06% at $41.87. RBC Capital, Morgan Stanley, and Citigroup have given price targets of $42, $44, and $50 respectively.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 2:53 pm

V

A significant investor has taken a bullish stance on Visa (NYSE:V), with 60% of the investors opening trades with bullish expectations and 40% with bearish. The whales have been targeting a price range from $210.0 to $245.0 for Visa over the last 3 months. The price of Visa is up 2.0% at $232.52. Wedbush downgraded its action to Outperform with a price target of $270.

Portfolio Pulse from Benzinga Insights

June 29, 2023 | 2:53 pm

FREY

Shares of Freyr Battery SA (NYSE:FREY) rose in premarket trading following an upgrade from Morgan Stanley analyst Adam Jonas. Jonas upgraded the rating from Equal-Weight to Overweight, maintaining a price target of $13. He anticipates the company will make 'meaningful progress on commercial milestones', which could unlock funding events. Jonas also noted that more than 10 strategic and industrial partners are currently evaluating the investment opportunity.

Portfolio Pulse from Priya Nigam

June 29, 2023 | 2:50 pm

GBCI

Truist Securities analyst Brandon King has maintained a 'Buy' rating on Glacier Bancorp (NYSE:GBCI) but lowered the price target from $40 to $34.

Portfolio Pulse from richadhand@benzinga.com

June 29, 2023 | 2:49 pm

AAPL

MSFT

NVDA

QQQ

SPY

TSLA

U

The Market Clubhouse Morning Memo discusses the trade strategy for SPY, QQQ, AAPL, NVDA, TSLA, MSFT, and U. The memo provides key support levels and potential targets for each stock, based on a proprietary formula that takes into account price, volume, and options flow. The memo also mentions the impact of Federal Reserve Chair Powell's Sintra panel discussion and the stronger-than-expected GDP data and unemployment claims.

Portfolio Pulse from RIPS

June 29, 2023 | 2:48 pm

FFIN

Truist Securities analyst Jennifer Demba maintains a 'Hold' rating on First Financial Bankshares (NASDAQ:FFIN) and lowers the price target from $31 to $30.

Portfolio Pulse from richadhand@benzinga.com

June 29, 2023 | 2:48 pm