Streetbeat News

Analyst Ratings

AMZN

DISH

T

AT&T shares are trading higher by 1.15% despite recent volatility due to rumors of DISH Network selling wireless plans through Amazon. However, leading U.S. wireless carriers announced they are not in discussions with Amazon for budget-friendly wireless services. HSBC analyst Adam Fox-Rumley maintained a Buy rating for AT&T and lowered the price target from $21 to $19.

Portfolio Pulse from Henry Khederian

June 05, 2023 | 3:18 pm

CDNS

In the last quarter, Cadence Design Sys (NASDAQ:CDNS) received 2 bullish and 4 somewhat bullish ratings from analysts. The average 12-month price target for the stock is $235.5, up 5.69% from the previous average of $222.83.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 3:05 pm

JBHT

In the last 3 months, 13 analysts have provided 12-month price targets for JB Hunt Transport Servs (NASDAQ:JBHT), with an average price target of $194.92, down 2.5% from the previous average of $199.91.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 3:04 pm

LRCX

Lam Research (NASDAQ:LRCX) has received 2 bullish and 3 indifferent analyst ratings in the last quarter. The average 12-month price target for the stock is $574.0, with a high of $725.00 and a low of $500.00, increasing by 11.89% over the past month.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 3:04 pm

RAPT

In the last quarter, RAPT Therapeutics (NASDAQ:RAPT) received 7 bullish and 1 somewhat bullish analyst ratings. The company has an average 12-month price target of $40.5, representing a 9.19% decrease from the previous average price target of $44.60.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 3:03 pm

C

A whale investor has taken a bearish stance on Citigroup (NYSE:C), with 60% of detected trades having bearish expectations. Whales have been targeting a price range of $22.5 to $65.0 for Citigroup over the last 3 months. The stock is currently down 0.3% at $46.18, with a neutral RSI indicator.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 3:02 pm

LPLA

Over the past 3 months, 10 analysts have published their opinion on LPL Financial Holdings (NASDAQ:LPLA) stock, with an average price target of $237.7, implying upside potential. The current average has decreased by 4.35% from the previous average price target of $248.50.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 3:02 pm

SNPS

Synopsys (NASDAQ:SNPS) has received 3 bullish and 4 somewhat bullish ratings from analysts in the last quarter, with an average price target of $451.43, representing a potential upside from the current price of $447.9. The average price target has increased by 5.72% over the past month.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 3:01 pm

GM

A large bearish position on General Motors (NYSE:GM) has been spotted, with 75% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $33.0 to $39.0 for GM over the last 3 months. Citigroup maintains a Buy rating on GM with a price target of $85.

Portfolio Pulse from Benzinga Insights

June 05, 2023 | 2:48 pm

CPE

HPK

MRO

OXY

VLO

US oil stocks are set to benefit from a tightening global crude market due to recent OPEC+ summit outcomes. Saudi Arabia's commitment to additional output cuts and the extension of voluntary cutbacks by OPEC+ nations have created a favorable outlook for oil prices. Goldman Sachs reiterates its December 2023 price projection of $95 per barrel. Five US oil stocks poised for growth are Valero Energy Corp. (VLO), Marathon Oil Corp. (MRO), Occidental Petroleum Corporation (OXY), Callon Petroleum Corp. (CPE), and HighPeak Energy, Inc. (HPK).

Portfolio Pulse from Piero Cingari

June 05, 2023 | 2:35 pm