Streetbeat News

Analyst Ratings

BABA

Alibaba Group Holding Ltd (NYSE:BABA) reported its fiscal fourth-quarter results, showing double-digit year-on-year growth in gross merchandise value (GMV) but a decline in consolidated EBITA due to higher investments. Analysts from Mizuho, Truist, and Benchmark maintained Buy ratings but reduced their price targets. The Cloud business is expected to see double-digit growth in fiscal 2025.

Portfolio Pulse from Priya Nigam

May 15, 2024 | 3:39 pm

IOBT

HC Wainwright & Co. analyst Emily Bodnar maintains a Buy rating on IO Biotech (NASDAQ:IOBT) and raises the price target from $8 to $12.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 3:39 pm

VECO

Oppenheimer analyst Rick Schafer has reiterated an Outperform rating on Veeco Instruments (NASDAQ:VECO) and raised the price target from $40 to $45.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 3:37 pm

CARA

HC Wainwright & Co. has reiterated its Buy rating on Cara Therapeutics (NASDAQ:CARA) and maintained a price target of $3.6.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 3:36 pm

STRO

Oppenheimer analyst Jay Olson maintains an Outperform rating on Sutro Biopharma (NASDAQ:STRO) with a $10 price target.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 3:36 pm

PACS

Oppenheimer analyst Michael Wiederhorn maintains an Outperform rating on PACS Group (NYSE:PACS) and raises the price target from $31 to $32.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 3:35 pm

NYXH

Oppenheimer analyst Suraj Kalia maintains an Outperform rating on Nyxoah (NASDAQ:NYXH) but lowers the price target from $20 to $15.

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 3:33 pm

CDNA

HC Wainwright & Co. analyst Yi Chen has reiterated a Neutral rating on CareDx (NASDAQ:CDNA).

Portfolio Pulse from Benzinga Newsdesk

May 15, 2024 | 3:32 pm

WFC

Recent unusual options activity for Wells Fargo (NYSE:WFC) shows a bullish stance among large investors, with 53% of trades being bullish. The trades indicate a price range of $30.0 to $67.5 for WFC. The stock is currently up 0.36% at $62.12, with RSI indicators suggesting it may be overbought. An analyst from JP Morgan maintains a Neutral rating with a target price of $61.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 3:32 pm

RIOT

Financial giants have shown a bearish sentiment towards Riot Platforms (NASDAQ:RIOT) with a significant surge in options activity. Analysis reveals 60% bearish and 30% bullish trades, with major market movers focusing on a price band between $8.0 and $20.0. Riot Platforms is currently trading at $10.02, up by 2.4%, with analysts maintaining a Buy rating and an average target price of $16.8.

Portfolio Pulse from Benzinga Insights

May 15, 2024 | 3:32 pm