Streetbeat News

Analyst Ratings

NET

Cloudflare Inc (NYSE:NET) has been maintained with an Outperform rating by Baird analyst Shrenik Kothari, who raised the price target from $59 to $64. The company showcased its commitment to speed and network efficiency at the recently concluded Speed Week. Cloudflare's strategy focuses on leveraging its efficient network to foster customer loyalty, minimize churn, and compete against security market leaders. The company also launched new products and demonstrated advancements in AI/ML.

Portfolio Pulse from Anusuya Lahiri

June 28, 2023 | 6:47 pm

MRNA

A significant bullish stance on Moderna (NASDAQ:MRNA) has been observed, with unusual options activity involving large amounts of money. The overall sentiment of these big-money traders is split between 68% bullish and 31% bearish. Whales have been targeting a price range from $110.0 to $150.0 for Moderna over the last 3 months. UBS upgraded its action to Buy with a price target of $191.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 6:47 pm

FMCXF

Scotiabank analyst Eric Winmill has maintained an Outperform rating on Foran Mining (OTC:FMCXF) but lowered the price target from C$4.25 to C$4.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 6:44 pm

FQVLF

Scotiabank analyst Orest Wowkodaw has maintained an Outperform rating on First Quantum Minerals (OTC:FQVLF) but lowered the price target from C$41 to C$40.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 6:42 pm

CCJ

Scotiabank has maintained its Outperform rating on Cameco (NYSE:CCJ) but lowered the price target from C$50 to C$49.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 6:37 pm

RBLX

Needham analyst Bernie McTernan reiterated a Buy rating for Roblox Corp (RBLX) with a $48 price target. He spoke with 11 RBLX developers who indicated a more positive monetization environment compared to a year ago, with opportunities from immersive advertising, engagement-based payouts, and better analytics. However, they also noted challenges in building an audience for lower-quality games and standing out among older, more established games. None of the developers currently use AI tools, but two believe it will eventually play a significant role in game creation.

Portfolio Pulse from Anusuya Lahiri

June 28, 2023 | 6:37 pm

TGB

Scotiabank analyst Orest Wowkodaw has maintained a 'Sector Perform' rating on Taseko Mines (AMEX:TGB), but lowered the price target from $2.5 to $2.4.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 6:35 pm

AZMCF

Scotiabank analyst Eric Winmill has maintained an Outperform rating on Arizona Metals (OTC:AZMCF) but lowered the price target from C$8 to C$6.75.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 6:35 pm

TOST

Stephens & Co. analyst Charles Nabhan has reiterated an Equal-Weight rating and a $22 price target for Toast Inc (NYSE:TOST). The analyst believes that the company's $0.99 surcharge on orders over $10 could potentially increase its gross profit by ~4% annually and EBITDA, assuming the fees are not re-invested. However, the surcharge could also deter further adoption of online ordering and favor non-Toast platforms. The surcharge will be rolled out nationwide on July 10.

Portfolio Pulse from Anusuya Lahiri

June 28, 2023 | 6:32 pm

LEVI

Telsey Advisory Group analyst Dana Telsey has reiterated an Outperform rating on Levi Strauss & Co (NYSE:LEVI) with a price target of $24. The analyst expects short-term pressure on LEVI due to a decrease in sales and the impact of the enterprise resource planning system (ERP) implementation on shipping product within the U.S. However, she predicts long-term outperformance as gross margins are expected to improve over the year.

Portfolio Pulse from Shivani Kumaresan

June 28, 2023 | 6:32 pm