Streetbeat News

Analyst Ratings

AMAT

The options market shows a bearish stance on Applied Materials (NASDAQ:AMAT) with 44% of trades being bearish. Significant trades include both puts and calls, with a price range target of $110 to $300. Analysts have mixed ratings, with price targets ranging from $225 to $300.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 7:31 pm

META

Meta Platforms Inc. (NASDAQ:META) shares are in focus due to a price target upgrade from KeyBanc and reports suggesting a potential U.S. ban on TikTok. KeyBanc raised its price target for Meta from $475 to $540, while other analysts also adjusted their targets. A TikTok ban could benefit Meta's competing products like Instagram Reels and Facebook.

Portfolio Pulse from Vaishali Prayag

June 20, 2024 | 7:14 pm

COST

Costco Wholesale Corp (NASDAQ:COST) has reached a 52-week high, trading at $870 per share. The stock has gained 71.22% over the past year and 31.81% year-to-date. Technical indicators suggest a strong bullish trend, with the stock trading above its 5-, 20-, and 50-day EMAs. Analysts have an average price target of $911.67, indicating further upside potential. However, the RSI of 74.87 suggests the stock is overbought, which could lead to short-term corrections.

Portfolio Pulse from Surbhi Jain

June 20, 2024 | 6:48 pm

CMG

Chipotle shares are trading lower after gaining recently on positive analyst commentary.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 6:27 pm

SBUX

Financial giants have shown bullish interest in Starbucks (NASDAQ:SBUX) through unusual options activity, with 57% of traders being bullish. The price target for SBUX is between $75.0 and $90.0. The stock is currently trading at $79.8, down by 0.5%. Analysts have mixed ratings with an average price target of $98.5.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 6:16 pm

ISRG

Deep-pocketed investors have shown a bullish stance towards Intuitive Surgical (NASDAQ:ISRG) with significant options activity. The majority of the options are calls, indicating a positive outlook. The projected price targets range from $350 to $435. Despite a recent price drop, expert opinions remain optimistic with a target price of $500.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 6:16 pm

AMD

INTC

NVDA

Nvidia Corp (NASDAQ:NVDA) is expected to maintain its 80%+ market share in the AI hardware market as the AI sector is projected to triple in the coming years, according to BofA Securities analyst Vivek Arya. Despite a significant surge in its stock price, Nvidia is still considered 'quite inexpensive' based on certain metrics. Competitors like AMD and Intel hold smaller market shares.

Portfolio Pulse from Adam Eckert

June 20, 2024 | 6:09 pm

ARDX

Analysts have mixed ratings for Ardelyx (NASDAQ: ARDX) with a range of bullish to bearish sentiments. The average 12-month price target has increased to $14.5. Ardelyx has shown significant revenue growth but faces challenges with profitability and debt management.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 6:00 pm

LYRA

Lyra Therapeutics (NASDAQ:LYRA) has received mixed ratings from analysts, with a notable decrease in the average 12-month price target by 43.69%. Analysts have provided a range of price targets from $0.50 to $12.00, reflecting varied expectations. The company's financial metrics show positive revenue growth but challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 6:00 pm

ACN

Piper Sandler analyst Arvind Ramnani maintains a Neutral rating on Accenture (NYSE:ACN) with a $320 price target.

Portfolio Pulse from Benzinga Newsdesk

June 20, 2024 | 5:57 pm