Streetbeat News

Analyst Ratings

KR

Over the past 3 months, 7 analysts have published their opinion on Kroger (NYSE:KR) stock, with an average 12-month price target of $53.57, up 4.36% from the previous average of $51.33. The ratings include 1 bullish, 4 somewhat bullish, and 2 indifferent.

Portfolio Pulse from Benzinga Insights

June 16, 2023 | 7:01 pm

BIO

Bio-Rad Laboratories (NYSE:BIO) has received 1 bullish and 3 somewhat bullish ratings from analysts in the last quarter, with an average price target of $546.5, representing a potential upside from the current price of $376.035. The current average price target is a 9.52% decrease from the previous average of $604.00.

Portfolio Pulse from Benzinga Insights

June 16, 2023 | 7:01 pm

AXTI

Over the past 3 months, 5 analysts have published their opinion on AXT (NASDAQ:AXTI) stock, with 2 bullish, 1 somewhat bullish, and 2 indifferent ratings. The company has an average 12-month price target of $5.49, down 17.07% from the previous average of $6.62.

Portfolio Pulse from Benzinga Insights

June 16, 2023 | 7:01 pm

CRVS

Over the past 3 months, 4 analysts have published their opinion on Corvus Pharma (NASDAQ:CRVS) stock, with an average 12-month price target of $5.25, up 75% from the previous average of $3.00. The ratings include 1 bullish, 1 somewhat bullish, and 2 indifferent.

Portfolio Pulse from Benzinga Insights

June 16, 2023 | 7:00 pm

AXTI

Needham analyst Charles Shi reiterated a Buy rating on AXT Inc (NASDAQ:AXTI) but lowered the price target to $5 from $8. Shi believes the stock is undervalued, trading at 0.6x its book value, which is an anomaly in the semiconductor sector. AXTI's revenue is expected to recover in 2024 after a decline in the InP business segment.

Portfolio Pulse from Nabaparna Bhattacharya

June 16, 2023 | 6:50 pm

ABCM

Abcam shares are trading higher following strategic inquiries from multiple parties and an upgrade from B of A Securities to Buy with a $25 price target.

Portfolio Pulse from Benzinga Newsdesk

June 16, 2023 | 6:47 pm

LEN

JMP Securities analyst Aaron Hecht reiterated a Market Outperform rating on Lennar Corp (NYSE:LEN) and raised the price target from $115 to $135. The company's 2Q23 normalized EPS of $2.94 beat the analyst consensus, and the revenue of $8.04 billion beat the consensus of $7.18 billion. The analyst believes that the resale inventory drought and millennial demographics will benefit builders for multiple years.

Portfolio Pulse from Shivani Kumaresan

June 16, 2023 | 6:39 pm

AMD

INTC

NVDA

Nvidia Corp (NVDA) shares are trading higher after Morgan Stanley raised its price target from $450 to $500 and moved Nvidia to Top Pick over Advanced Micro Devices (AMD). Oppenheimer analyst Rick Schafer reiterated an Outperform rating on the stock, citing optimism on the Data Center (DC) inflection point led by accelerated computing and generative AI.

Portfolio Pulse from Anusuya Lahiri

June 16, 2023 | 6:29 pm

DV

META

Needham analyst Laura Martin reiterated a Buy rating on DoubleVerify Holdings (NYSE:DV) and raised the price target to $45 from $35. Martin believes Meta Platforms (NASDAQ:META) and TikTok will drive DV's social media revenues, with META's contribution potentially doubling in the next 12-24 months. Instagram Reels and YouTube shorts are expected to add measurement revenues in 2024.

Portfolio Pulse from Nabaparna Bhattacharya

June 16, 2023 | 6:27 pm

AMZN

Credit Suisse analyst Stephen Ju reiterates an Outperform rating on Amazon (NASDAQ:AMZN) with a price target of $142.00. Ju's analysis suggests Amazon's US GMV growth is accelerating share gains, with potential upside to U.S. GMV estimates for the balance of 2023.

Portfolio Pulse from Anusuya Lahiri

June 16, 2023 | 6:25 pm