Streetbeat News

Analyst Ratings

AXP

Recent unusual options activity on American Express (NYSE:AXP) indicates a bearish stance by big-money investors, with a split sentiment of 46% bullish and 53% bearish. A total of 28 uncommon options trades were spotted, with puts totaling $1,043,273 and calls at $571,557. The focus is on a price band between $160.0 and $260.0. The current stock price is $227.41, with a slight decrease of -0.12%, and an RSI suggesting a potential overbought condition. An analyst from Evercore ISI Group maintains an In-Line rating with a target price of $243.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 7:16 pm

NKE

Deep-pocketed investors show a bearish trend towards Nike (NKE) based on options market activity, with a notable division in sentiment: 48% bullish and 51% bearish. The options scanner revealed 27 extraordinary activities, with puts totaling $733,720 and calls at $600,136. The price band focus is between $60.0 and $140.0. Noteworthy options activities include both bullish and bearish sentiments with varying expiration dates and strike prices. Nike's current stock price is down -1.57% at $92.5, with analysts giving mixed reviews and an average price target of $114.0.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 7:16 pm

UBER

Options market activity for Uber Technologies (NYSE:UBER) shows a bearish sentiment with 61% of investors holding bearish expectations. Notable trades include a mix of bullish, neutral, and bearish calls with strike prices ranging from $75.00 to $120.00. Uber's current market position is slightly down by -0.96% at $76.25, with analysts maintaining positive ratings, projecting a consensus target price of $91.5. The options market predicts a price range of $25.0 to $120.0 for Uber in the next three months.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 7:15 pm

ANAB

AnaptysBio (NASDAQ:ANAB) has received mixed ratings from 4 analysts in the past three months, with a shift towards a neutral stance in the last 30 days. The average 12-month price target has been raised to $53.25 from $30.00, indicating a 77.5% increase. Analysts from JP Morgan, BTIG, Stifel, and Piper Sandler have adjusted their ratings and price targets, reflecting changing market conditions and AnaptysBio's performance. The company, focusing on antibody product candidates for inflammation and immuno-oncology, shows strong market confidence with a significant market capitalization and a solid revenue growth rate of 32.27% as of December 31, 2023.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 7:01 pm

GTLB

GitLab (NASDAQ:GTLB) received mixed analyst ratings in the latest quarter with 18 analysts providing their insights, showing a range of bullish to bearish perspectives. The average 12-month price target for GTLB is $75.44, with a high estimate of $85.00 and a low estimate of $65.00, marking a slight decline from the previous average. Analyst actions include maintaining, raising, and lowering ratings and price targets, reflecting their response to market conditions and GitLab's performance. GitLab operates as a DevSecOps platform and competes directly with Microsoft Corporation's GitHub. Financially, GitLab has shown notable revenue growth but faces challenges in profitability and efficiency metrics.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 7:01 pm

SKWD

Skyward Specialty (NASDAQ:SKWD) has seen a positive shift in analyst sentiment over the past three months, with an average 12-month price target now at $41.00, up 7.89% from the previous $38.00. Analysts from firms like Piper Sandler and BMO Capital have raised their price targets, reflecting optimism about the company's future performance. Skyward Specialty, a specialty insurance company, has shown strong financial metrics including a net margin of 11.88% and an ROE of 4.89%, despite a lower market capitalization and revenue growth rate compared to industry peers.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 7:00 pm

VBTX

Veritex Holdings (NASDAQ:VBTX) has been analyzed by 4 analysts over the past three months, showing a mix of opinions. Recent ratings indicate a shift towards a more cautious stance, with 2 somewhat bullish and 2 indifferent ratings currently. Analysts have adjusted their 12-month price targets for VBTX, resulting in an average target of $25.00, down 4.47% from previous estimates. The company faces challenges in revenue growth, net margin, ROE, and ROA, indicating potential difficulties ahead.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 7:00 pm

INFN

Infinera (NASDAQ:INFN) has received mixed analyst ratings over the past three months, with a recent trend towards more bullish perspectives. The average 12-month price target for INFN has been raised to $7.25, indicating a 17.5% increase from the previous target. Analysts from Stifel, Jefferies, B. Riley Securities, and Needham have provided updates, with actions ranging from maintaining to raising their ratings and price targets. Infinera's financial overview shows positive revenue growth, a strong net margin, but challenges in ROE, ROA, and high debt levels.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 7:00 pm

PTEN

Patterson-UTI Energy (NASDAQ:PTEN) has received mixed reviews from 4 financial analysts over the past three months, with ratings ranging from bullish to bearish. The average 12-month price target is $16.25, down 4.41% from the previous $17.00. Analysts from Susquehanna, Evercore ISI Group, RBC Capital, and Raymond James have adjusted their price targets and ratings, reflecting dynamic market conditions and company performance. Patterson-UTI Energy, a major land rig drilling contractor in the U.S., has shown significant revenue growth but faces challenges in profitability and efficiency.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 7:00 pm

SMTC

Semtech Corporation (NASDAQ:SMTC) reported a Q4 loss but saw its shares rise 6.6% after analysts upgraded their price targets. Despite missing earnings and sales estimates, the company's CEO remains optimistic about growth, particularly in the infrastructure market. Analysts from Needham, Susquehanna, Piper Sandler, Stifel, Baird, Craig-Hallum, and Northland Capital Markets raised their price targets on Semtech, citing positive outlooks.

Portfolio Pulse from Avi Kapoor

April 01, 2024 | 6:59 pm