Streetbeat News

Analyst Ratings

CNK

Over the past 3 months, 17 analysts have published their opinion on Cinemark Hldgs (NYSE:CNK) stock, with an average price target of $17.56, implying an upside from the current price of $16.7899. The current average has increased by 9.75% from the previous average price target of $16.00.

Portfolio Pulse from Benzinga Insights

May 26, 2023 | 6:02 pm

WCC

In the last 3 months, 5 analysts have offered 12-month price targets for WESCO Intl (NYSE:WCC), with an average price target of $187.4, a decrease of 4.71% from the previous average of $196.67.

Portfolio Pulse from Benzinga Insights

May 26, 2023 | 6:02 pm

KKR

In the last 3 months, 19 analysts have provided 12-month price targets for KKR & Co (NYSE:KKR), with an average price target of $68.24, a decrease of 0.84% from the previous average of $68.82. The ratings include 3 bullish, 13 somewhat bullish, and 3 indifferent.

Portfolio Pulse from Benzinga Insights

May 26, 2023 | 6:02 pm

RNG

In the last 3 months, 15 analysts have offered 12-month price targets for RingCentral (NYSE:RNG), with an average price target of $42.07, representing a 14.4% decrease from the previous average price target of $49.15.

Portfolio Pulse from Benzinga Insights

May 26, 2023 | 6:00 pm

DM

Analysts have provided various ratings for Desktop Metal (NYSE:DM) within the last quarter, with an average price target of $2.77, implying an upside compared to the current price of $1.755. The average price target has increased by 39.9% over the past month.

Portfolio Pulse from Benzinga Insights

May 26, 2023 | 6:00 pm

LULU

Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating on Lululemon Athletica Inc. (NASDAQ:LULU) with a price target of $425. Lower air freight costs are expected to drive gross margin expansion in 1Q23. The company's inventory growth is expected to moderate, and 45-50 net new stores are anticipated to open in FY23.

Portfolio Pulse from Nabaparna Bhattacharya

May 26, 2023 | 5:49 pm

NXPI

A whale has taken a bullish stance on NXP Semiconductors (NASDAQ:NXPI), with 60% of investors opening trades with bullish expectations and 40% with bearish. Whales have been targeting a price range of $180 to $220 for NXPI over the last 3 months. The stock is currently up 5.67% at $181.06.

Portfolio Pulse from Benzinga Insights

May 26, 2023 | 5:48 pm

CHWY

WOOF

Needham analyst Anna Andreeva reiterated a Buy rating on Chewy Inc (NYSE:CHWY) with a price target of $55. The company is set to report 1Q earnings on May 31. The analyst expects sales growth of +12%, but has lowered assumptions for net ads and Hardgoods after Petco Health and Wellness Company (NASDAQ:WOOF) earnings. The pet space is defensive, and demand is inelastic, with headwinds from last year dissipating.

Portfolio Pulse from Shivani Kumaresan

May 26, 2023 | 5:30 pm

NVDA

Cameron Dawson, CIO at New Edge Wealth, discussed the bond market's sensitivity to the Federal Reserve's actions and the shift in investor behavior from small-cap stocks to tech giants. She pointed to the hotter-than-expected PCE data as an indicator of a possible June rate hike and warned of stretched valuations in tech stocks.

Portfolio Pulse from AJ Fabino

May 26, 2023 | 5:24 pm

GPS

Gap Inc. reported Q1 revenue of $3.28 billion, missing estimates of $3.29 billion, but adjusted EPS of $0.01 beat estimates for a loss of $(0.16). Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating and lowered the price target to $11 from $13. All three major brands witnessed lower sales, with double-digit declines at Gap, BR, and Athleta.

Portfolio Pulse from Nabaparna Bhattacharya

May 26, 2023 | 5:12 pm