Streetbeat News

Analyst Ratings

AVGO

Rosenblatt analyst Hans Mosesmann reiterates a Buy rating on Broadcom (NASDAQ:AVGO) and maintains a $1500 price target.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 6:43 pm

NYCB

New York Community Bancorp (NYSE:NYCB) faces volatility after announcing a $1 billion equity infusion and management changes. Analysts offer mixed views, with concerns about the dilutive impact of the deal and the uncertain path ahead despite the potential for a turnaround under new CEO Joseph Otting. The bank's shares are down 8% to $3.36, reflecting a 64% year-to-date decline in 2024.

Portfolio Pulse from Chris Katje

March 08, 2024 | 6:42 pm

BILI

GAMR

HERO

Bilibili Inc (NASDAQ:BILI) received positive analyst reviews from Benchmark and Mizuho, with both maintaining a Buy rating but lowering their price targets to $15 due to challenges in the gaming sector and live streaming competition. Despite these headwinds, Bilibili's advertising growth is highlighted as a strong point, with expectations for continued robust ad growth in fiscal 2024. The company's unique user base and content ecosystem are seen as key drivers for its transition to a mass-market advertising powerhouse. Investors can also gain exposure to Bilibili through ETFs like Global X Video Games & Esports ETF (NASDAQ:HERO) and Amplify ETF Trust Amplify Video Game Tech ETF (NYSE:GAMR).

Portfolio Pulse from Anusuya Lahiri

March 08, 2024 | 6:40 pm

SWBI

Smith & Wesson Brands, Inc. (NASDAQ:SWBI) shares rose after reporting Q3 earnings of 19 cents per share, surpassing the 10 cents estimate, with sales of $137.5 million beating the $133.548 million estimate. The company announced a 12 cent per share dividend and gained market share. Lake Street analyst raised the price target from $14.50 to $16. Despite a 28.6% increase in share price to $17.28, the average 1-year price target suggests a -6.76% downside in 2025.

Portfolio Pulse from Erica Kollmann

March 08, 2024 | 6:40 pm

AVGO

GOOG

META

Broadcom Inc (NASDAQ:AVGO) shares fell despite reporting strong Q4 results, with analysts highlighting its AI, dividends, and M&A benefits. JPMorgan, Goldman Sachs, BofA Securities, Truist Securities, Mizuho Securities, and Oppenheimer all maintained or upgraded their ratings, citing robust AI demand and the VMware acquisition's synergy. AI-related sales expectations for FY24 were increased from $7.5B to $10B, notably with significant orders from Alphabet (NASDAQ:GOOG) and Meta Platforms Inc (NASDAQ:META).

Portfolio Pulse from Priya Nigam

March 08, 2024 | 6:40 pm

MRVL

Rosenblatt analyst Hans Mosesmann has reiterated a Buy rating on Marvell Tech (NASDAQ:MRVL) and maintained a $100 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 6:39 pm

CIEN

Rosenblatt analyst Mike Genovese has reiterated a Buy rating on Ciena (NYSE:CIEN) and maintained a $65 price target.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 6:37 pm

EBAY

Argus Research analyst Joseph Bonner maintains a Buy rating on eBay (NASDAQ:EBAY) and raises the price target from $53 to $58.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 6:32 pm

AKA

A.K.A. Brands Holding (NYSE:AKA) shares fell after Truist Securities analyst Youssef Squali downgraded the stock to Hold from Buy, lowering the price target to $10 from $12. The downgrade followed weaker-than-expected Q4 FY23 results and below-consensus FY24 guidance, attributed to challenges in Australia and operational issues. Despite a loss in adjusted EPS, the company saw growth in the U.S. and improvements in inventory turnover and FCF, aiding debt reduction. However, expansion efforts are delayed to FY25.

Portfolio Pulse from Lekha Gupta

March 08, 2024 | 6:29 pm

VEL

JMP Securities analyst Chris McGinnis has maintained a Market Outperform rating on Velocity Financial (NYSE:VEL) and increased the price target from $13.5 to $17.5.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 6:21 pm