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Analyst Ratings

CVKD

Cadrenal Therapeutics, Inc. (NASDAQ:CVKD) reported Q4 2023 operating expenses of $1.16M and used $694,000 in operating activities. With a cash balance of $8.5M as of December 31, 2023, the company is developing tecarfarin, targeting rare cardiovascular conditions. The expansion of tecarfarin's potential market, strategic partnerships, and new COO appointment highlight its progress. Noble Capital Markets initiated coverage with an 'Outperform' rating and a $4.00 price target.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 1:02 pm

PRCH

Keefe, Bruyette & Woods analyst Ryan Tomasello maintains a Market Perform rating on Porch Group (NASDAQ:PRCH) and raises the price target from $2 to $3.5.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 1:01 pm

LI

Li Auto (NASDAQ:LI) has seen varied analyst ratings over the past three months, with a recent shift towards more bullish sentiments. The average 12-month price target for LI has increased to $57.75, up from $53.75. Analysts from Morgan Stanley, B of A Securities, Barclays, and Deutsche Bank have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Li Auto, a Chinese NEV manufacturer, reported over 376,000 NEV sales in 2023, with a revenue growth rate of 20.34%, a net margin of 13.56%, and an ROE of 9.95%. The company's financials indicate strong profitability, effective cost management, and efficient use of equity capital.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 1:01 pm

RIVN

23 financial analysts have recently provided diverse ratings on Rivian Automotive (NASDAQ:RIVN), with a downward trend in the 12-month price target to $17.13 from $23.67. The company's market position is analyzed, highlighting a notable revenue growth of 98.34% and a net margin of -115.67%. Despite challenges in ROA and a below-average market capitalization, Rivian's financial management and debt ratio are considered sound.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 1:00 pm

GTLS

Analysts have mixed views on Chart Industries (NYSE:GTLS), with recent ratings ranging from bullish to bearish. The average 12-month price target has been raised to $162.25, reflecting a 10.0% increase from the previous target. The company, known for its cryogenic equipment and recent acquisition of Howden, shows strong revenue growth but faces challenges in profitability, debt management, and efficiency metrics.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 1:00 pm

CHD

In the last three months, 15 analysts have published diverse ratings on Church & Dwight Co (NYSE:CHD), with recent shifts showing a mix of bullish to bearish sentiments. The average 12-month price target for CHD has increased to $101.07, up 7.35% from $94.15, with actions ranging from 'Raises' to 'Lowers' across various analysts. Church & Dwight, known for its broad product portfolio including Arm & Hammer, has shown a revenue growth of 6.41% as of December 31, 2023, and a net margin of 10.06%, outperforming industry benchmarks. However, its ROE and ROA are below industry averages, indicating potential efficiency challenges.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 1:00 pm

NRDS

Six financial analysts have recently updated their ratings on Nerdwallet (NASDAQ:NRDS), showing a mix of bullish to bearish sentiments. The average 12-month price target for NRDS has been raised to $18.33, indicating a 12.25% increase from the previous target. Analysts from firms like Morgan Stanley, Keybanc, Barclays, Truist Securities, and Citigroup have adjusted their ratings and price targets, reflecting their latest views on the company's performance and market position. Despite these updates, Nerdwallet faces challenges with a decline in revenue growth, below industry benchmarks in net margin, ROE, and ROA, but maintains a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 1:00 pm

ENPH

Enphase Energy (NASDAQ:ENPH) has received diverse analyst ratings over the last three months, with a total of 12 analysts offering perspectives ranging from bullish to bearish. The average 12-month price target for ENPH has been raised to $129.33, indicating a 15.25% increase from the previous target of $112.22. Analyst actions include adjustments to ratings and price targets, reflecting changing market conditions and company performance. Despite facing challenges such as a significant revenue decline of -58.25% and below-average ROE and ROA, ENPH maintains a strong net margin of 6.91%. The company's debt-to-equity ratio of 1.32 suggests high debt levels.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 1:00 pm

GVA

DA Davidson analyst Brent Thielman has maintained a Buy rating on Granite Construction (NYSE:GVA) with a $64 price target, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 12:58 pm

CTOS

DA Davidson analyst Michael Shlisky maintains a Buy rating on Custom Truck One Source (NYSE:CTOS) with a maintained price target of $12.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 12:57 pm