Streetbeat News

Analyst Ratings

PSTG

Keybanc analyst Thomas Blakey maintains an Overweight rating on Pure Storage (NYSE:PSTG) and raises the price target from $55 to $64.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:42 am

TRMB

Piper Sandler analyst Clarke Jeffries maintains an Overweight rating on Trimble (TRMB) and raises the price target from $68 to $73.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 8:39 am

META

Jefferies analyst Brent Thill contradicts Trump's negative view on Meta Platforms Inc (NASDAQ:META), advocating buying the stock amidst its recent drop. Despite Trump's criticism, Thill highlights Facebook's value to small businesses and predicts a 40-50% increase in ad spend. Meta's shares fell over 4% following Trump's comments but are up 37% this year. Thill maintains a buy rating with a 12-month target of $550, a 14% gain.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 8:00 am

FFND

TSLA

Deutsche Bank lowered its Q1 and 2024 delivery estimates for Tesla (TSLA), prompting Future Fund's Gary Black to predict a domino effect of estimate cuts. Black's Future Fund Active ETF (FFND) reduced its Tesla holding due to these anticipated cuts. Tesla's stock remains volatile, with recent price movements noted.

Portfolio Pulse from Shanthi Rexaline

March 12, 2024 | 7:59 am

RXT

Rackspace Technology, Inc. (NASDAQ:RXT) is anticipated to report a Q4 loss of 4 cents per share, contrasting with a profit of 6 cents per share a year ago. Expected revenue is $714.72 million, down from $787 million. The company recently appointed Mark Gross to its Board of Directors. Shares rose 3.5% to $2.10. Analyst ratings vary, with Citigroup and Barclays giving negative outlooks, while BMO Capital has a more neutral stance.

Portfolio Pulse from Avi Kapoor

March 12, 2024 | 6:21 am

ETHUSD

Crypto analyst Ali Martinez predicts Ethereum (ETH) will reach $5,000, citing a supply zone between $4,522-$4,646 as the main obstacle. Ethereum has recently surged nearly 10%, trading above $4,000, and is 17.2% below its all-time high. The increase is attributed to the upcoming Dencun upgrade and potential approval of an Ether spot ETF in May, similar to the impact seen with Bitcoin ETF approvals.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 3:54 am

AAPL

AMZN

GOOG

GOOGL

META

MSFT

NVDA

TSLA

JPMorgan analysts have identified the 'Magnificent Seven' tech stocks - Alphabet Inc (GOOG/GOOGL), Amazon.com Inc (AMZN), Apple Inc. (AAPL), Meta Platforms Inc (META), Microsoft Corp (MSFT), NVIDIA Corp (NVDA), and Tesla Inc (TSLA) - as undervalued compared to the wider stock market. Despite concerns of an AI bubble and market concentration, these stocks, making up almost 30% of the S&P 500 market cap, are seen as having reasonable valuations and potential for outperformance.

Portfolio Pulse from Benzinga Neuro

March 12, 2024 | 3:01 am

CRWD

PANW

CrowdStrike Holdings Inc (CRWD) and Palo Alto Networks Inc (PANW) are compared in a cybersecurity stock face-off. CrowdStrike's cloud-native AI platform and rapid market expansion are highlighted, while Palo Alto's diverse product portfolio and acquisition strategy are noted. Despite both stocks trading at high multiples, CrowdStrike's PEG ratio and analyst upside potential suggest it may be the better buy.

Portfolio Pulse from Surbhi Jain

March 11, 2024 | 9:20 pm

PSFE

UBS analyst Timothy Chiodo maintains a Sell rating on Paysafe (NYSE:PSFE) and lowers the price target from $12 to $11.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:10 pm

FIHL

Citigroup analyst Michael Ward has maintained a Buy rating on Fidelis Insurance Holdings (FIHL) and increased the price target from $17 to $21.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:05 pm