Streetbeat News

Analyst Ratings

JPM

JPMorgan Chase & Co. reported better-than-expected Q1 earnings with net revenue of $42.5 billion and EPS of $4.63, surpassing consensus estimates. Despite positive results, shares fell 6.5% after the announcement. Analysts from Oppenheimer and BMO Capital adjusted their price targets slightly downwards. The company remains cautious about future economic uncertainties, including geopolitical tensions and inflationary pressures.

Portfolio Pulse from Avi Kapoor

April 15, 2024 | 1:07 pm

ACDC

B of A Securities analyst Chase Mulvehill maintains a Neutral rating on ProFrac Holding (NASDAQ:ACDC) and raises the price target from $8.5 to $9.5.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:06 pm

MDB

MSFT

SNOW

Wedbush Securities analyst Daniel Ives predicts a significant increase in IT spending on AI technologies, estimating 8%-10% of IT budgets in 2024, up from less than 1% in 2023. This surge is expected to benefit major tech companies like Microsoft, Salesforce, Palantir, MongoDB, Oracle, Snowflake, and Elastic, with Microsoft and MongoDB receiving Outperform ratings and high price targets, while Snowflake has a Neutral rating.

Portfolio Pulse from Surbhi Jain

April 15, 2024 | 1:04 pm

TDC

Barclays analyst Raimo Lenschow maintains an Underweight rating on Teradata (NYSE:TDC) and lowers the price target from $43 to $39.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:03 pm

ALAB

Astera Labs' stock price has increased following positive analyst coverage, with multiple analysts giving bullish ratings.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:03 pm

LNT

BMO Capital analyst James Thalacker maintains a Market Perform rating on Alliant Energy (LNT) and raises the price target from $51 to $53.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:02 pm

PEGA

Barclays analyst Raimo Lenschow maintains an Equal-Weight rating on Pegasystems (NASDAQ:PEGA) and lowers the price target from $68 to $66.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:01 pm

APPN

In the last three months, 5 analysts have updated their ratings on Appian (NASDAQ:APPN), showing a mix of views from bullish to bearish. The average 12-month price target is now $47.0, up from $46.60, with actions including both raises and lowers in ratings and price targets by firms like Barclays, Citigroup, DA Davidson, and Keybanc. Appian's financials show a revenue growth of 15.53% but lag behind industry peers, with challenges in profitability, asset utilization, and high debt levels.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 1:01 pm

JPM

BMO Capital analyst James Fotheringham maintains a Market Perform rating on JPMorgan Chase (JPM) and lowers the price target from $196 to $195.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 1:00 pm

ROL

Four analysts have recently updated their ratings on Rollins (NYSE:ROL), showing a mix of bullish and indifferent sentiments. The average 12-month price target is now $50.5, reflecting a slight increase from the previous target. Rollins, a global leader in pest-control services, has demonstrated strong financial performance with a 14.02% revenue growth rate, impressive net margin, and exceptional ROE and ROA. The company's debt management is also noted positively, with a debt-to-equity ratio below industry average.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 1:00 pm