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Analyst Ratings

RIVN

Needham analyst Chris Pierce maintains a Buy rating on Rivian Automotive (NASDAQ:RIVN) but lowers the price target from $18 to $13, citing concerns over electric vehicle demand but noting better than feared demand for the R1S. Pierce updates delivery estimates for Rivian, with figures for 2024 and 2025 below consensus but 2026 and 2027 above. The R2 vehicle launch is seen as a long-term positive, though not a near-term catalyst. Rivian's strategy includes reducing planned capex by delaying the build-out of its Georgia plant. The analyst's bull case for Rivian is a $24 price target, with a bear case at $7.50. Rivian shares are up 2% to $8.93, with a 52-week range of $8.26 to $28.06, and a year-to-date decrease of 63% in 2024.

Portfolio Pulse from Chris Katje

April 18, 2024 | 4:49 pm

CSX

CSX Corp (NASDAQ:CSX) reported Q1 results, with earnings slightly declining by 2% year-over-year but still surpassing expectations. Despite disruptions from weather and the Baltimore Key Bridge collapse, CSX reaffirmed its 2024 growth targets. Analysts from BofA Securities, Goldman Sachs, Benchmark, BMO Capital Markets, and Baird provided insights, generally maintaining Buy or Outperform ratings with slight adjustments to price targets. The company's shares rose by 1.48% following the announcement.

Portfolio Pulse from Priya Nigam

April 18, 2024 | 4:49 pm

KHC

Deutsche Bank analyst Stephen Powers maintains a Buy rating on Kraft Heinz (NASDAQ:KHC) and raises the price target from $42 to $43.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:48 pm

JD

Morgan Stanley analyst Eddy Wang has reiterated an Equal-Weight rating on JD.com (NASDAQ:JD) and maintained a $27 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:47 pm

HTZ

Deutsche Bank analyst Chris Woronka has maintained a Hold rating on Hertz Global Holdings (NASDAQ:HTZ) but lowered the price target from $10 to $6.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:40 pm

AMC

Wedbush analyst Alicia Reese lowered the price target for AMC Entertainment Holdings Inc (NYSE:AMC) from $6 to $4 while maintaining a Neutral rating. Despite this, Reese raised first-quarter revenue estimates for AMC due to better box office trends and potential for market share expansion. AMC's heavy debt load and future share issuance plans are concerns. AMC shares are trading lower, down 1.5% at $2.93.

Portfolio Pulse from Adam Eckert

April 18, 2024 | 4:39 pm

CAR

Deutsche Bank analyst Chris Woronka has maintained a Buy rating on Avis Budget Group (NASDAQ:CAR) but lowered the price target from $202 to $183.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:38 pm

NFLX

Netflix Inc (NASDAQ:NFLX) is anticipated to report Q1 earnings with an EPS of $4.52 and revenues of $9.28 billion. Despite a year-to-date increase of 27% and a yearly rise of 84.45%, technical analysis shows mixed sentiments with a slight bearish bias ahead of the earnings. Indicators like the SMA and MACD suggest bullish momentum, while the RSI and Bollinger Bands indicate potential bearish movements. Analyst consensus rates NFLX as a Buy with a target price of $546.97, though recent assessments suggest a higher average target of $612.67, with a slight potential downside.

Portfolio Pulse from Surbhi Jain

April 18, 2024 | 4:38 pm

PYPL

Bernstein analyst Harshita Rawat maintains a Market Perform rating on PayPal Holdings (NASDAQ:PYPL) and raises the price target from $66 to $68.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:34 pm

SNA

Barrington Research analyst Gary Prestopino maintains an Outperform rating on Snap-on (NYSE:SNA) with a $325 price target, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 18, 2024 | 4:32 pm