Streetbeat News

Analyst Ratings

APGE

Apogee Therapeutics' stock price is on the rise following an upgrade from Jefferies, which maintained a Buy rating and increased the price target from $37 to $75.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 7:33 pm

AZO

Whales have shown a predominantly bearish stance on AutoZone (NYSE:AZO), with 76% of detected trades being bearish. The trading activity suggests a focus on a price band between $2300.0 and $3100.0. AutoZone, a leading retailer of aftermarket automotive parts, is currently trading at $3102.86 with neutral RSI readings. Analysts have given mixed reviews, with an average target price of $3127.6. The most notable options trades include both calls and puts with varying sentiments and strike prices.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 7:31 pm

NKE

Significant bearish options activity has been detected for Nike (NYSE:NKE), with a notable volume of puts compared to calls. The activity suggests that large investors anticipate a price range of $80 to $140 for Nike in the short term. The company, a global leader in athletic footwear and apparel, has seen its stock price increase by 2.32% recently, with an upcoming earnings report in 15 days. An analyst from Oppenheimer has downgraded Nike to Perform with a target price of $110.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 7:30 pm

BTCUSD

ETHUSD

Bitcoin (BTC) soared past $69,000 before experiencing an 11% drop, yet remained above $65,000, indicating strong investor interest. Ethereum (ETH) also saw a surge but didn't reach a new high. Experts predict a positive outlook for Bitcoin, citing the upcoming halving event, increasing institutional and retail interest, and the approval of spot Bitcoin ETFs as key drivers. They recommend strategies like focusing on the long term, dollar-cost averaging, thorough research, diversification, and seeking professional guidance for investors.

Portfolio Pulse from Murtuza Merchant

March 06, 2024 | 7:27 pm

GRFS

Grifols shares are trading lower following a negative report issued by Gotham City Research.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 7:26 pm

NEXN

Needham analyst Laura Martin reiterates a Buy rating on Nexxen International (NASDAQ:NEXN) and maintains a $6.5 price target.

Portfolio Pulse from Benzinga Newsdesk

March 06, 2024 | 7:06 pm

IRT

Independence Realty Trust (NYSE:IRT) has been evaluated by 4 analysts over the last three months, with ratings ranging from bullish to bearish. The average 12-month price target is now $16.75, down 5.21% from $17.67. Analyst actions include adjustments to ratings and price targets, reflecting changes in market conditions and company performance. Independence Realty Trust, a REIT focusing on multifamily apartment communities in non-gateway U.S. markets, has shown a revenue growth of 2.61% as of December 31, 2023, but faces challenges in net margin and ROA.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 7:01 pm

CECO

CECO Environmental (NASDAQ:CECO) received diverse analyst ratings in the last three months, with a shift towards bullish perspectives. Four analysts have updated their ratings, all raising their price targets, leading to an average 12-month price target of $26.5, up 13.98% from the previous $23.25. The company's financial performance shows strong growth, with a revenue increase of 37.8% as of September 30, 2023, and surpasses industry standards in net margin, ROE, and ROA, while maintaining a lower debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 7:01 pm

CVX

Recent unusual options activity in Chevron (NYSE:CVX) indicates a bearish sentiment among deep-pocketed investors, with a significant volume of puts and calls suggesting a targeted price range of $140.0 to $180.0. The largest trades include both bearish and bullish sentiments, with notable trades in calls and puts. Chevron, a major integrated energy company, has seen its stock price increase by 0.95% to $151.01, with a neutral RSI and an upcoming earnings report in 51 days. An analyst from DZ Bank downgraded Chevron to Hold with a price target of $160.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 7:00 pm

ROST

16 analysts have recently shared mixed evaluations of Ross Stores (NASDAQ:ROST), with a shift towards more bullish sentiments in the last 30 days. The average 12-month price target for ROST has increased to $160.12, up 13.16% from the previous target. Analysts from firms like Loop Capital, UBS, and Morgan Stanley have raised their price targets, reflecting optimism about Ross Stores' market position, revenue growth, and financial health.

Portfolio Pulse from Benzinga Insights

March 06, 2024 | 7:00 pm