Streetbeat News

Analyst Ratings

TENB

Needham analyst Mike Cikos reiterates a Buy rating on Tenable Holdings (TENB) with a maintained price target of $62.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 9:30 am

Piper Sandler analyst Brent Bracelin upgraded BlackLine (NASDAQ:BL) from Underweight to Neutral and increased the price target from $55 to $62.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 9:10 am

Morgan Stanley analyst Jorge Kuri downgraded XP Inc. (NASDAQ:XP) from Overweight to Equal-Weight and reduced the price target from $31 to $24.

Portfolio Pulse from Benzinga Newsdesk

April 23, 2024 | 9:09 am

CHD

EBAY

FMC

LIN

TSLA

WFC

WMT

Shares of Tesla Inc. (NASDAQ:TSLA) have experienced a significant decline, while six S&P 500 stocks, including Linde (NASDAQ:LIN), FMC (NYSE:FMC), eBay Inc. (NASDAQ:EBAY), Church & Dwight (NYSE:CHD), Walmart Inc. (NYSE:WMT), and Wells Fargo (NYSE:WFC), have shown an inverse correlation, rising as Tesla falls. This trend is highlighted amidst Tesla's focus shift towards self-driving technology and a recent price cut in its Full Self-Driving software. Analyst Emmanuel Rosner of Deutsche Bank has lowered Tesla's price target, suggesting a potential downside in the near future.

Portfolio Pulse from Benzinga Neuro

April 23, 2024 | 8:46 am

BTCUSD

Cathie Wood's Ark Invest predicts a potential over 3,000% rally for Bitcoin in the next 12 months following the recent halving event, which reduced Bitcoin's supply growth rate to below that of gold. The halving, a feature of Bitcoin's design to ensure scarcity, has historically been followed by bull market runs. Despite a recent lackluster sentiment post-halving, Ark's analysis suggests Bitcoin could become a less inflationary asset than gold, potentially influencing its value positively.

Portfolio Pulse from Shanthi Rexaline

April 23, 2024 | 8:31 am

BTCUSD

ETHUSD

Standard Chartered analyst Geoff Kendrick forecasts Bitcoin (BTC) to more than double its value to $150,000 by the end of 2024, a 127% increase from current levels. Despite a recent 11% slide, inflows into Bitcoin ETFs and a recent halving event could drive prices higher. Kendrick anticipates investor funds could reach $50 billion to $100 billion in the next two years. Other analysts offer mixed views on Bitcoin's future, with some seeing potential gains and others cautioning against it as a risk asset.

Portfolio Pulse from Benzinga Neuro

April 23, 2024 | 4:59 am

GOOG

GOOGL

META

MSFT

NVDA

TSLA

Jim Cramer highlighted the stock market's positive performance but warned that upcoming Big Tech earnings from Tesla, Meta Platforms, Microsoft, and Alphabet could significantly impact the market's direction. NVIDIA saw a 4% rise after a 10% drop, with Cramer noting its shift from a market leader to underperformer. Despite the volatility and concerns over inflation and geopolitical tensions, some Wall Street veterans remain optimistic about the bull market's continuation.

Portfolio Pulse from Benzinga Neuro

April 23, 2024 | 3:17 am

BTCUSD

ETHUSD

Cryptocurrency analyst Michael van de Poppe predicts a market upswing following the conclusion of the Bitcoin halving, noting a decline in Bitcoin dominance and the start of market rotation. The halving event is expected to impact Bitcoin miners significantly by nearly doubling production costs. Bitcoin and Ethereum have shown increases in their trading prices over the last seven days.

Portfolio Pulse from Benzinga Neuro

April 23, 2024 | 1:43 am

TSLA

Tesla Inc (NASDAQ:TSLA) is set to report its Q1 financial results, with analysts expecting revenue of $22.34 billion and earnings per share of 51 cents. The focus is on demand, future growth plans, and updates on Robotaxis and Model 2. Analysts have mixed views, with some seeing potential for stock support from future growth drivers, while others caution about the company's growth status and recent performance challenges. Price targets vary significantly among analysts. Key concerns include demand, production and delivery figures, the status of the Model 2 and Cybertruck, and recent layoffs.

Portfolio Pulse from Chris Katje

April 22, 2024 | 10:32 pm

PEP

PepsiCo Inc (NASDAQ:PEP) is anticipated to report Q1 financial results with expected revenue of $18.08 billion and EPS of $1.52, aiming to continue its streak of beating estimates. However, a Quaker recall and a slowdown in salty snacks sales may impact results. Analysts have mixed views, with Wedbush slightly trimming revenue estimates but maintaining an Outperform rating and a $195 price target. Other analysts from Barclays, Jefferies, and Morgan Stanley have provided optimistic ratings and price targets. Pepsi shares have risen 4% YTD ahead of the earnings report.

Portfolio Pulse from Chris Katje

April 22, 2024 | 9:44 pm