Streetbeat News

Analyst Ratings

T

A whale has taken a bearish stance on AT&T (NYSE:T) with 65% of detected unusual options activity being bearish. Whales have been targeting a price range of $10.0 to $17.0 for AT&T over the last 3 months. RBC Capital downgraded its action to Sector Perform with a price target of $19.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 6:45 pm

LULU

ONON

Morgan Stanley analyst Alex Straton reiterated an Overweight rating on Lululemon Athletica Inc (NASDAQ:LULU) and raised the price target from $405 to $424. LULU's Q1 results show broad-based momentum across channels, geographies, and categories, making it one of the few stocks to deliver an across-the-board beat & raise this earnings season, along with On Holding AG (NYSE:ONON).

Portfolio Pulse from Shivani Kumaresan

June 02, 2023 | 6:39 pm

ZS

Stifel analyst Adam C. Borg reiterated a Buy rating on Zscaler, Inc. (NASDAQ:ZS) and raised the price target to $150 from $135. The analyst praised Zscaler's Q3 earnings, which surpassed estimates, and noted the company's potential for 25%-30%+ growth and margin expansion in the coming years.

Portfolio Pulse from Nabaparna Bhattacharya

June 02, 2023 | 6:35 pm

VMW

Recent unusual options activity shows a bearish stance on VMware (NYSE: VMW), with 60% of investors having bearish expectations. Whales have been targeting a price range of $110 to $140 for VMware over the last 3 months. Analysts from Piper Sandler, Mizuho, and UBS maintain a Neutral rating on the stock.

Portfolio Pulse from Benzinga Insights

June 02, 2023 | 6:30 pm

ETSY

Needham analyst Anna Andreeva reiterated a Buy rating on Etsy, Inc. (NASDAQ:ETSY) but lowered the price target to $130 from $160. The analyst warns of EBITDA margin compression as Etsy invests in buyer stickiness and expects a decline in Habitual buyers. However, Repeat buyer numbers remain steady at 40% of the base.

Portfolio Pulse from Nabaparna Bhattacharya

June 02, 2023 | 6:30 pm

ASAN

Asana reported Q1 FY24 revenue growth of 26% Y/Y to $152.4 million, beating consensus estimates. Analysts maintain a cautious outlook due to future moderation, despite the revenue beat and margin improvement. Price targets have been raised by JMP Securities, Oppenheimer, and Piper Sandler.

Portfolio Pulse from Anusuya Lahiri

June 02, 2023 | 6:29 pm

PKST

Truist Securities analyst Anthony Hau initiated coverage on Peakstone Realty Trust (NYSE:PKST) with a Hold rating and a price target of $24. Hau is bullish on PKST's valuation but believes the company's transition into an industrial REIT may take years and lead to earnings dilution. He also expects near-term cash flow growth to be challenging due to lower leverage and high general & administrative expenses.

Portfolio Pulse from Lekha Gupta

June 02, 2023 | 6:22 pm

FDX

Morgan Stanley analyst Ravi Shanker reiterated an Equal Weight rating on FedEx Corp (NYSE:FDX) with a price target of $180. The analyst expects future earnings risk for FedEx to come from the revenue line, with revenues being crucial to offset inflation headwinds.

Portfolio Pulse from Shivani Kumaresan

June 02, 2023 | 6:19 pm

AAPL

Morgan Stanley analyst Erik Woodring maintains Apple Inc (NASDAQ:AAPL) with an Overweight, raising the price target from $185 to $190. Woodring predicts growth for Apple's 'Reality Pro' AR/VR headset, anticipating a $100 billion TAM by 2030 and over $500 billion by 2037. Jefferies analyst Andrew Uerkwitz maintains Apple with a Buy and raises the price target from $195 to $210.

Portfolio Pulse from Anusuya Lahiri

June 02, 2023 | 6:15 pm

OXM

Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on Oxford Industries (NYSE:OXM) with a price target of $125. The company is expected to benefit from the return to in-store shopping, favorable operating environment, and mid-single-digit increase across its existing brands. Q1 EPS is forecasted at $3.75, with sales growth of 19.1% YoY to $420 million.

Portfolio Pulse from Nabaparna Bhattacharya

June 02, 2023 | 6:14 pm