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Analyst Ratings

SPOT

Spotify Technology SA (NYSE:SPOT) reported a strong fiscal first quarter 2024, with revenue growing 20% year-on-year to $3.95 billion, surpassing the consensus of $3.85 billion. EPS was $1.05, beating the 70 cents consensus. Premium Revenue and MAUs saw significant growth, although MAUs slightly missed guidance. Spotify expects Q2 revenue of 3.8 billion euros and 631 million MAUs. Following the earnings report, shares rose 11.4%, and analysts from Pivotal Research, Benchmark, and Rosenblatt raised their price targets on Spotify.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 11:57 am

SMCI

Wedbush analyst Matt Bryson reiterated a Neutral rating on Super Micro Computer (NASDAQ:SMCI) and maintained a $530 price target.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:55 am

TXN

Mizuho analyst Vijay Rakesh maintains a Neutral rating on Texas Instruments (NASDAQ:TXN) and raises the price target from $164 to $170.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:55 am

DGX

Mizuho analyst Ann Hynes maintains a Buy rating on Quest Diagnostics (NYSE:DGX) and increases the price target from $150 to $155.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:53 am

MANH

Rosenblatt analyst Blair Abernethy has maintained a Neutral rating on Manhattan Associates (NASDAQ:MANH) and kept the price target unchanged at $225.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:53 am

ARE

Wedbush analyst Richard Anderson reiterates an Outperform rating on Alexandria Real Estate (NYSE:ARE) and maintains a $140 price target.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:53 am

HAFC

Wedbush analyst David Chiaverini reiterates a Neutral rating on Hanmi Financial (HAFC) and maintains a $17 price target.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:51 am

ALCPF

INTC

TSM

WICOF

Morgan Stanley predicts significant benefits for TSMC, Alchip, and Wistron from Intel's new AI chip, Gaudi 3. TSMC will fabricate the chip, Alchip will provide design services, and Wistron will supply baseboards. The demand for AI chips is expected to drive revenue growth for these companies, with Intel's Gaudi shipments potentially reaching 300-400k units in 2025, generating $2-3bn in revenue. TSMC and Alchip are considered long-term winners in the AI semiconductor market.

Portfolio Pulse from Benzinga Neuro

April 24, 2024 | 11:51 am

MSCI

MSCI Inc reported a 14.8% year-on-year revenue growth to $679.97 million, missing consensus estimates. Adjusted EPS was $3.52, above the consensus of $3.45. Despite upbeat earnings, shares fell 13.4% after the report. Deutsche Bank and Morgan Stanley adjusted their price targets on MSCI, with Deutsche Bank upgrading the stock to Buy.

Portfolio Pulse from Avi Kapoor

April 24, 2024 | 11:51 am

SPOT

Rosenblatt analyst Barton Crockett maintains a Buy rating on Spotify Technology (SPOT) and raises the price target from $315 to $396.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 11:51 am