Streetbeat News

Analyst Ratings

ULTA

Telsey Advisory analyst Dana Telsey reiterated an Outperform rating on Ulta Beauty Inc (NASDAQ: ULTA) with a price target of $600. The company is expected to report 1Q23 earnings on May 25, with a sales growth of 12.8% Y/Y to $2.646 billion. ULTA plans to open 25-30 net new stores, reflecting project delays and supply chain disruptions.

Portfolio Pulse from Shivani Kumaresan

May 22, 2023 | 6:55 pm

ATVI

MSFT

Benchmark Company analyst Mike Hickey named Activision Blizzard (ATVI) as a top pick in the Entertainment & Digital Media sector and set a price target of $90. Hickey sees upside in Microsoft's (MSFT) proposed acquisition of ATVI, with investors potentially rewarded with a 21% upside to MSFT's $95 bid or a 15% upside to the FY23 $90 price target if the deal is abandoned.

Portfolio Pulse from Franca Quarneti

May 22, 2023 | 6:54 pm

BIG

TGT

WMT

Telsey Advisory Group analyst Joseph Feldman has reiterated a Market Perform rating on Big Lots Inc (NYSE:BIG) and lowered the price target from $15 to $9. The analyst forecasts a total sales decline of 13.6% to $1.19 billion, with comparable sales decline of 14.0% due to softer consumer spending and the closing of Big Lots's top furniture vendor, United Furniture Industries.

Portfolio Pulse from Shivani Kumaresan

May 22, 2023 | 6:49 pm

COST

Unusual options activity has been detected for Costco Wholesale (NASDAQ:COST), with 21 strange trades observed. Whales have been targeting a price range of $410 to $600 for Costco over the last 3 months. The stock is currently down 0.76% at $492.74, with a neutral RSI indicator. Morgan Stanley maintains an Overweight rating with a price target of $535, while Telsey Advisory Group downgraded to Outperform with a price target of $540.

Portfolio Pulse from Benzinga Insights

May 22, 2023 | 6:46 pm

DKNG

DraftKings Inc (NASDAQ:DKNG) shares rally after UBS analyst Robin Farley upgrades the stock from Neutral to Buy and raises the price target from $19 to $30, following the company's impressive quarterly report. The analyst sees potential for a +20% revenue CAGR from 2023E to 2026E.

Portfolio Pulse from Chris Katje

May 22, 2023 | 6:36 pm

DHI

A large bearish position on D.R. Horton (NYSE:DHI) has been spotted, with 58% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $60 to $115 for D.R. Horton over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 22, 2023 | 6:16 pm

AZO

A large investor has taken a bullish stance on AutoZone (NYSE:AZO), with 75% of big-money traders being bullish and 25% bearish. Whales have been targeting a price range of $2560 to $3200 for AutoZone over the last 3 months.

Portfolio Pulse from Benzinga Insights

May 22, 2023 | 6:16 pm

TMUS

KeyBanc analyst reports that T-Mobile CEO EO has guided W2 postpaid phone net adds to be equal to or higher year-over-year, indicating potential growth for the company.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2023 | 6:14 pm

FL

NKE

Foot Locker (FL) shares dropped after reporting disappointing Q1 earnings. Analysts from Telsey Advisory Group, Morgan Stanley, and Oppenheimer weighed in on the results, with some attributing the issues to company-specific and self-inflicted factors.

Portfolio Pulse from Priya Nigam

May 22, 2023 | 6:13 pm

ATVI

In the last 3 months, 7 analysts have offered 12-month price targets for Activision Blizzard (NASDAQ:ATVI), with an average price target of $92.0, down 1.34% from the previous average of $93.25. The company has received 4 bullish, 3 somewhat bullish, and no bearish ratings.

Portfolio Pulse from Benzinga Insights

May 22, 2023 | 6:02 pm