Streetbeat News

Analyst Ratings

AMD

A whale has taken a bullish stance on Advanced Micro Devices (AMD), with 50% of investors opening trades with bullish expectations and 50% with bearish. Whales have been targeting a price range of $108 to $116 for AMD over the last 3 months. Analysts maintain various Buy and Overweight ratings with price targets ranging from $137 to $200.

Portfolio Pulse from Benzinga Insights

June 26, 2023 | 3:17 pm

CIBR

TLT

VTI

XLK

Neil Dutta, head of economics at Renaissance Macro Research, challenges the constant recession predictions, arguing that current economic indicators do not support the pessimistic outlook. Dutta suggests that investors maintain exposure to equities through broad market funds like VTI, while those with a bullish view on the labor market can consider ETFs like CIBR and XLK. For a more cautious stance, the TLT ETF could provide a safer haven.

Portfolio Pulse from AJ Fabino

June 26, 2023 | 3:07 pm

FDS

BMO Capital analyst Jeffrey Silber maintains a Market Perform rating on FactSet Research Systems (NYSE:FDS) and lowers the price target from $424 to $419.

Portfolio Pulse from richadhand@benzinga.com

June 26, 2023 | 3:06 pm

CAMP

CalAmp shares are trading lower after Jefferies downgraded the stock from Buy to Hold and lowered its price target from $5 to $2.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2023 | 3:03 pm

MRVL

A whale investor has taken a bullish stance on Marvell Tech (NASDAQ: MRVL), with options history showing 10 strange trades. 50% of the investors opened trades with bullish expectations and 50% with bearish. Whales have been targeting a price range of $50 to $70 for Marvell Tech over the last 3 months. Stifel downgraded its action to Buy with a price target of $65, while Goldman Sachs and Morgan Stanley maintained their Buy and Equal-Weight ratings with price targets of $60 and $68, respectively.

Portfolio Pulse from Benzinga Insights

June 26, 2023 | 3:02 pm

IONQ

In the last quarter, IonQ (NYSE:IONQ) received 4 bullish and 1 indifferent analyst ratings. The company has an average 12-month price target of $8.8, representing a 2.22% decrease from the previous average of $9.00.

Portfolio Pulse from Benzinga Insights

June 26, 2023 | 3:02 pm

BURL

In the last quarter, Burlington Stores (NYSE:BURL) received 5 bullish and 11 somewhat bullish ratings from 16 analysts. The average 12-month price target is $224.38, a 6.95% decrease from the previous average of $241.14.

Portfolio Pulse from Benzinga Insights

June 26, 2023 | 3:01 pm

WBA

In the last quarter, Walgreens Boots Alliance (NASDAQ:WBA) received 1 bullish, 5 indifferent, and 1 somewhat bearish analyst rating. The average 12-month price target is $39.86, down 2.78% from the previous average of $41.00.

Portfolio Pulse from Benzinga Insights

June 26, 2023 | 3:01 pm

MRNA

In the last quarter, Moderna (NASDAQ:MRNA) received 1 bullish rating, 3 indifferent ratings, and no bearish ratings from analysts. The company's average 12-month price target is $167.25, down 1.33% from the previous average of $169.50.

Portfolio Pulse from Benzinga Insights

June 26, 2023 | 3:00 pm

TAP

Molson Coors Beverage (NYSE:TAP) has received 16 analyst ratings in the last quarter, with 3 bullish, 2 somewhat bullish, and 11 indifferent. The average 12-month price target is $66.69, up 11.5% from the previous average of $59.81.

Portfolio Pulse from Benzinga Insights

June 26, 2023 | 3:00 pm