Streetbeat News

Analyst Ratings

SPOT

Truist Securities analyst Matthew Thornton has reiterated a Buy rating on Spotify Technology SA (NYSE:SPOT), raising the price target to $170 from $154. The company is expected to post its Q2 2023 financial results on July 25, 2023. The analyst expects 530 million monthly active users for the quarter, up from 515 million in Q1 2023. The analyst also expects FX to be a modest tailwind to revenue due to the weakness of the EUR versus other currencies. The analyst views 2Q-3Q expectations as very reasonable and sees the risk as being to the upside.

Portfolio Pulse from Nabaparna Bhattacharya

June 27, 2023 | 6:58 pm

XPOF

Raymond James analyst Joseph Altobello has maintained a Strong Buy rating on Xponential Fitness (NYSE:XPOF) and kept the price target at $40.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 6:42 pm

ABT

GEHC

ISRG

PHG

SMMNY

Morgan Stanley analyst Patrick Wood initiated coverage on GE HealthCare Technologies Inc (GEHC) with an Equal-Weight rating and a price target of $76. The analyst noted strong Q1 trends across the board for GEHC and its peers, including Abbott Laboratories (ABT), Koninklijke Philips N.V. (PHG), Siemens Healthineers AG (SMMNY), and Intuitive Surgical Inc (ISRG). The analyst sees potential upside for GEHC due to solid demand, sensible margin targets, and a shift in CT technology towards photon counting.

Portfolio Pulse from Shivani Kumaresan

June 27, 2023 | 6:25 pm

PLNT

D.A. Davidson analyst Linda Bolton Weiser reiterated a Hold rating on Planet Fitness Inc (NYSE:PLNT) with a price target of $67. Despite high operating costs post-COVID, Planet Fitness' development has not slowed down. The key metrics for the franchisee have bounced back to 2019 levels. However, potential risks include struggles of the 2019 cohort, achieving adequate membership levels in markets with smaller populations, and saturation in the more developed markets.

Portfolio Pulse from Shivani Kumaresan

June 27, 2023 | 6:21 pm

ABNB

BKNG

EXPE

Travel stocks are trading higher due to strong consumer confidence data and positive guidance from Delta Airlines, which may be improving the travel sector outlook.

Portfolio Pulse from Benzinga Newsdesk

June 27, 2023 | 6:21 pm

PYPL

A significant bearish stance has been taken on PayPal Holdings (NASDAQ:PYPL) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $52.5 to $140.0 for PayPal Holdings over the last 3 months. RBC Capital, BTIG, Atlantic Equities, and Stephens & Co. have all downgraded their ratings on PayPal, with price targets ranging from $72 to $86.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 6:18 pm

MO

A significant amount of unusual options activity has been observed for Altria Group (NYSE:MO), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is between $40.0 and $45.0. Morgan Stanley has maintained their Equal-Weight rating on Altria Group, with a price target of $45.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 6:18 pm

REGN

Regeneron Pharmaceuticals (NASDAQ:REGN) has received a mix of bullish and indifferent ratings from analysts in the last quarter. The average 12-month price target for the company, according to 13 analysts, is $887.92, with a high of $1050.00 and a low of $811.00. This average price target has increased by 1.69% over the past month.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 6:01 pm

MODV

In the last quarter, 4 analysts have given somewhat bullish ratings for ModivCare (NASDAQ:MODV) with no bearish or indifferent ratings. The average 12-month price target for the company is $94.25, a decrease of 34.55% from the previous average of $144.00.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 6:01 pm

EWTX

Edgewise Therapeutics (NASDAQ:EWTX) has received positive analyst ratings in the last quarter, with 4 bullish ratings and no bearish or indifferent ratings. The company's average 12-month price target is $25.25, which has increased by 1.0% over the past month.

Portfolio Pulse from Benzinga Insights

June 27, 2023 | 6:00 pm