Streetbeat News

Analyst Ratings

COIN

Coinbase shares are trading lower after the SEC prosecuted Binance over U.S. securities violations. Needham analyst John Todaro reiterated a Buy rating for Coinbase with a $70 price target. He believes that retail percentage of total volume will be lower in Q2 FY23 than in Q1 FY23 and that decentralized exchanges (DEXs) pose a real threat to Coinbase.

Portfolio Pulse from Anusuya Lahiri

June 05, 2023 | 7:31 pm

JD

A large bearish position on JD.com (NASDAQ:JD) has been spotted, with 58% of big-money traders being bearish and 41% bullish. Whales have been targeting a price range of $32.5 to $42.5 for JD.com over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 7:30 pm

PRG

Loop Capital Markets analyst Anthony Chukumba downgraded PROG Holdings, Inc. (NYSE:PRG) to Hold from Buy, with a price target of $34, due to concerns over declining gross merchandise volume (GMV) and potential macroeconomic pressures on the company's core low-income customer base.

Portfolio Pulse from Nabaparna Bhattacharya

June 05, 2023 | 7:27 pm

AMZN

EBAY

ETSY

META

Oppenheimer analyst Jason Helfstein maintains Meta Platforms Inc (NASDAQ:META) with an Outperform rating, raising the price target from $285 to $350. Helfstein believes META's AI investments will drive higher pricing and engagement. META's AI tools could also compete more directly with marketplaces like eBay, Etsy, and Amazon, offering a $1.2 trillion revenue opportunity.

Portfolio Pulse from Anusuya Lahiri

June 05, 2023 | 7:04 pm

HLTH

In the last quarter, Cue Health (NASDAQ:HLTH) received 2 bullish and 2 indifferent analyst ratings, with an average price target of $1.88, representing an upside from the current price of $0.5298. This is a 46.29% decrease from the previous average price target of $3.50.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 7:03 pm

SIG

Signet Jewelers (NYSE:SIG) has received 6 indifferent analyst ratings in the last quarter, with an average 12-month price target of $79.5, a high of $85.00, and a low of $75.00. The average price target has increased by 4.61% over the past month.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 7:03 pm

IMAB

In the last 3 months, 5 analysts have offered 12-month price targets for I-MAB (NASDAQ: IMAB), with an average price target of $24.4, a decrease of 32.22% from the previous average of $36.00.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 7:03 pm

DLR

Analysts have provided various ratings for Digital Realty Trust (NYSE:DLR) within the last quarter, with an average price target of $101.44, implying a downside compared to the current price of $104.27. The current average has increased by 2.12% from the previous average price target of $99.33.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 7:03 pm

SPOT

A whale investor has taken a bearish stance on Spotify Technology (NYSE:SPOT), with 69% of detected trades having bearish expectations. Whales have been targeting a price range of $95 to $200 for Spotify over the last 3 months. Guggenheim maintains a Buy rating with a price target of $180, while Baird maintains an Outperform rating with a price target of $175.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 7:02 pm

DIS

In the last quarter, Walt Disney (NYSE:DIS) received 7 bullish, 5 somewhat bullish, and 2 indifferent analyst ratings. The average 12-month price target for the company is $121.36, a 4.0% decrease from the previous average of $126.42.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 7:02 pm