Streetbeat News

Analyst Ratings

PLUG

Oppenheimer analyst Colin Rusch reiterated an Outperform rating on Plug Power Inc (NASDAQ:PLUG) after the company's analyst day. Plug Power highlighted its ramp to 100MW/month production, traction in stationary backup power and EV charging markets, and plans to double production in 2H. The company is also expanding internationally, targeting 25% of FY23 revenue from Europe.

Portfolio Pulse from Shivani Kumaresan

June 15, 2023 | 5:59 pm

KR

Kroger Co (NYSE:KR) reported strong 1Q23 earnings, maintaining its 2023 adjusted EPS guidance. Telsey Advisory Group analyst Joseph Feldman reiterated an Outperform rating with a price target of $55. The strong performance was driven by a higher-than-anticipated operating margin of 3.5% and strategic initiatives.

Portfolio Pulse from Shivani Kumaresan

June 15, 2023 | 5:57 pm

TRUE

Needham analyst Chris Pierce reiterates a Buy rating and a $3.5 price target for TrueCar Inc (NASDAQ: TRUE) following the company's announcement of internal restructuring, CEO transition, and guidance for breakeven or positive adjusted EBITDA in 4Q FY23. The analyst is confident in TRUE's ability to achieve profitability and is bullish on the macro tailwinds behind the company.

Portfolio Pulse from Anusuya Lahiri

June 15, 2023 | 5:54 pm

CRWD

CrowdStrike Holdings Inc (NASDAQ:CRWD) shares spiked higher after Ritholtz Wealth Management's Josh Brown made a bullish call on the stock on CNBC's 'Fast Money Halftime Report.' Brown issued a golden cross alert, noting the 50-day moving average crossed above the 200-day moving average. Mizuho analyst Gregg Moskowitz maintained a Buy rating and raised the price target from $175 to $180.

Portfolio Pulse from Adam Eckert

June 15, 2023 | 5:48 pm

CRWD

CrowdStrike shares are trading higher after Ritholtz Wealth Management's Josh Brown made a bullish call on the stock.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 5:47 pm

DPZ

Domino's Pizza (DPZ) stock is rising after Stifel upgraded its rating from Hold to Buy and raised its price target from $320 to $350 per share. The upgrade is based on Domino's plans to enhance its ordering app and loyalty program, lower commodity costs, and growth opportunities in the customer carry-out channel.

Portfolio Pulse from Erica Kollmann

June 15, 2023 | 5:38 pm

SPSC

Needham analyst Scott Berg reiterated a Buy rating on SPS Commerce, Inc. (NASDAQ:SPSC) and raised the price target to $205 from $160. Berg is optimistic about the company's ability to meet or exceed its 15%+ annual revenue growth targets, even amid a slower macroeconomic environment. The analyst also believes that SPS could be more acquisitive for products, providing cross-sell opportunities and boosting functionality in a customer's value chain.

Portfolio Pulse from Nabaparna Bhattacharya

June 15, 2023 | 5:35 pm

M

SFIX

Stitch Fix recently appointed former Macy's executive Matt Baer as its CEO, effective June 26, 2023. Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on Stitch Fix with a price target of $5, noting Baer's significant digital and merchandising experience.

Portfolio Pulse from Nabaparna Bhattacharya

June 15, 2023 | 5:18 pm

TGLS

Stifel Research analyst Stanley S. Elliott initiated coverage on Tecnoglass Inc (NYSE:TGLS) with a Buy rating and a price target of $60. Elliott is bullish on TGLS' consistent market share growth and expects the company to generate an FCF of $180 million in 2023.

Portfolio Pulse from Lekha Gupta

June 15, 2023 | 5:15 pm

MSFT

Microsoft's stock is trading higher as analysts from Mizuho and JP Morgan raise their price targets. The company's multi-cloud security capabilities are considered underrated, and it is well-positioned to capitalize on the growing demand for security technologies and Generative AI.

Portfolio Pulse from Anusuya Lahiri

June 15, 2023 | 5:14 pm