Streetbeat News

Analyst Ratings

SNX

Barrington Research analyst Vincent Colicchio has maintained an Outperform rating on TD Synnex (NYSE:SNX), but lowered the price target from $120 to $115.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 3:42 pm

AMG

Barrington Research analyst Alexander Paris has reiterated an 'Outperform' rating on Affiliated Managers Group (NYSE:AMG) and maintained a price target of $195.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 3:37 pm

ZI

Shares of ZoomInfo Technologies Inc (NASDAQ:ZI) climbed after the company released new product features based on Generative AI. Needham analyst Joshua Reilly initiated coverage of ZoomInfo with a Buy rating and a price target of $35, citing the company's potential for accelerated growth and attractive unit economics. The stock's current valuation offers an attractive entry point, especially for those who can wait for a recovery in demand for the company's solutions.

Portfolio Pulse from Priya Nigam

June 28, 2023 | 3:35 pm

AMZN

Amazon's cloud subsidiary, AWS, has launched AppFabric, a no-code service that integrates SaaS apps. The product is expected to reduce customer churn by increasing exit costs. AWS plans to launch an AI assistant by the end of the year, which will be able to convert email threads or Slack conversations into an Asana task list. Needham analyst Laura Martin maintains a Buy rating on Amazon, raising the price target from $120 to $150.

Portfolio Pulse from Anusuya Lahiri

June 28, 2023 | 3:34 pm

NFLX

Netflix Inc (NASDAQ:NFLX) plans to phase out the “Basic” option from its price plans for Canada, which is expected to increase revenue per subscriber. Analyst Jason Helfstein from Oppenheimer maintains an Outperform rating for Netflix and raises the price target from $450 to $500. The shift from the lowest-priced ad-free tier could generate an incremental $4.4B for NFLX over a 12-month period.

Portfolio Pulse from Priya Nigam

June 28, 2023 | 3:33 pm

ADI

Analog Devices (NASDAQ:ADI) has seen a rise in its short percent of float by 28.21% since its last report, with 7.48 million shares sold short. This represents 1.5% of all regular shares available for trading. The short interest for Analog Devices is less than its peer group average of 4.78%. Short interest can act as an indicator of market sentiment towards a stock.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 3:30 pm

ADBE

Adobe's (NASDAQ:ADBE) short percent of float has fallen 3.1% since its last report, with 5.70 million shares sold short, which is 1.25% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Adobe. Compared to its peers, Adobe has less short interest as a percentage of float, with an average of 3.51%.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 3:30 pm

ACGL

Arch Capital Group's (NASDAQ:ACGL) short percent of float has fallen 26.38% since its last report, with 3.83 million shares sold short, which is 1.2% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Arch Capital Group has less short interest.

Portfolio Pulse from Benzinga Insights

June 28, 2023 | 3:30 pm

SIRI

Sirius XM holding shares are trading higher after Benchmark reiterated a Buy rating and a $6 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 3:28 pm

NET

Cloudflare's stock is trading higher following Baird's decision to maintain an Outperform rating on the stock and increase its price target from $59 to $64.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2023 | 3:24 pm