Streetbeat News

Analyst Ratings

QCOM

Options market activity indicates a bullish sentiment towards Qualcomm (NASDAQ:QCOM), with a significant portion of trades showing expectations for the stock price to range between $120 and $220. Analysis of options trading volume and open interest highlights notable activity, particularly in calls, suggesting liquidity and interest at specific strike prices. Qualcomm's current market status shows a slight increase in stock price to $162.14, with a neutral RSI indicator and an upcoming earnings announcement. Analyst opinions on Qualcomm are mixed but lean towards a positive outlook, with an average price target of $195.4.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 7:00 pm

VERX

Vertex Inc (NASDAQ:VERX) received mixed analyst ratings over the past three months, with a shift towards more positive evaluations in the last 30 days. The average 12-month price target for VERX has been raised to $38.3, reflecting a 20.52% increase from the previous target. Analysts from firms including Citigroup, JMP Securities, B of A Securities, Goldman Sachs, BMO Capital, Needham, and Jefferies have updated their ratings and price targets, indicating a varied outlook on the company's performance. Vertex's financial metrics such as revenue growth, net margin, ROE, ROA, and debt management are highlighted, showcasing its market position and operational efficiency.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 7:00 pm

AFRM

Analyst evaluations of Affirm Holdings (NASDAQ:AFRM) show mixed sentiments with a recent upward trend in price targets, indicating an average target of $33.57, a 12.54% increase from the previous average. The company's financial overview reveals a notable revenue growth of 47.94% but challenges in profitability and debt management. Affirm Holdings operates a digital and mobile-first commerce platform, primarily in the U.S., facing below-industry benchmarks in market capitalization, net margin, ROE, and ROA.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 7:00 pm

IGT

Analyst ratings for Intl Game Tech (NYSE:IGT) show a mix of bullish and bearish perspectives with a recent average price target of $28.14, down from $30.17. The company's financial overview indicates a market capitalization challenge, a revenue growth of 3.39%, a net margin of -0.71%, an ROE of -0.55%, an impressive ROA of -0.08%, and a prudent debt management with a debt-to-equity ratio of 4.11.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 7:00 pm

CRK

Analyst evaluations of Comstock Resources (NYSE:CRK) over the last three months show a mix of opinions, with recent actions including both upgrades and downgrades. The average 12-month price target is now $9.5, a decrease from $9.86. The company faces challenges such as a significant revenue decline of -55.49% as of December 31, 2023, below-average net margin and ROE, and a high debt-to-equity ratio, indicating potential financial difficulties.

Portfolio Pulse from Benzinga Insights

April 23, 2024 | 7:00 pm

GM

General Motors Company (NYSE:GM) shares rose after the company raised its FY24 earnings outlook following a Q1 earnings beat, signaling a strong focus on profitability and EV transformation. Analysts from Wedbush, BofA Securities, and Goldman Sachs have reiterated their positive ratings on GM, with price forecasts ranging from $45 to $75. The company's emphasis on EV margin improvement and benefits from clean energy tax credits were highlighted as key factors.

Portfolio Pulse from Nabaparna Bhattacharya

April 23, 2024 | 6:44 pm

DIS

PENN

PENN Entertainment was upgraded from Hold to Buy by Truist analyst Barry Jonas, with a price target of $23, based on the valuation of sportsbook ESPN Bet, launched in November 2023 through a licensing deal with The Walt Disney Company. Jonas believes the market has not assigned any value to ESPN Bet in its valuation of PENN, despite its potential and the value of PENN's other Interactive businesses. The first-quarter results expected on May 2 could surpass low market expectations. PENN's online licenses and iGaming business are also highlighted as valuable assets.

Portfolio Pulse from Chris Katje

April 23, 2024 | 6:42 pm

PEP

PepsiCo Inc (NASDAQ:PEP) reported Q1 FY24 sales growth of 2.3% year-on-year to $18.25 billion, surpassing analyst estimates of $18.079 billion. Adjusted EPS was $1.61, beating the consensus of $1.52. BofA Securities and Goldman Sachs both reiterated their Buy ratings, with price targets of $210 and $200, respectively. Analysts highlighted PepsiCo's pricing power, volume performance across regions, and strong brand portfolio as key strengths. Despite positive analyst outlooks, PEP shares dropped 2.36% to $172.30.

Portfolio Pulse from Shivani Kumaresan

April 23, 2024 | 6:39 pm

UBS

Citigroup analyst Andrew Coombs downgrades UBS Group (NYSE:UBS) from Buy to Neutral.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 6:33 pm

DOGEUSD

Dogecoin (DOGE) experienced a 6% increase over the past week, with a video hinting at DOGE payments on X and suggestions from an analyst to short DOGE between $0.18 and $0.20. The video featured Elon Musk and implied the integration of Dogecoin as a payment method on X, Tesla, and SpaceX. However, analyst CrediBULL Crypto plans to short Dogecoin, predicting a drop to $0.04 to $0.05 as Bitcoin approaches $100,000. DOGE's large transaction volume and daily active addresses have also seen significant increases.

Portfolio Pulse from Khyathi Dalal

April 23, 2024 | 6:24 pm