Streetbeat News

Analyst Ratings

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

TYL

JMP Securities analyst Trevor Walsh has reiterated a 'Market Outperform' rating on Tyler Technologies (TYL) and maintained a price target of $490.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 6:18 pm

TWLO

JMP Securities analyst Patrick Walravens has reiterated a 'Market Outperform' rating on Twilio (TWLO) and maintained a price target of $110.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 6:15 pm

KNSL

Kinsale Capital Group's (NYSE:KNSL) short interest has increased by 9.34% since the last report, with 1.18 million shares sold short, representing 6.09% of its float. This indicates a bearish market sentiment compared to its peers, where the average short interest as a percentage of float is 1.63%. However, an increase in short interest can sometimes be bullish for a stock.

Portfolio Pulse from Benzinga Insights

March 08, 2024 | 6:15 pm

MDB

MongoDB Inc (NASDAQ:MDB) shares fell after reporting strong Q4 results but weak fiscal 2025 guidance, missing consensus estimates for growth and operating margins. Analysts from DA Davidson, Truist Securities, KeyBanc Capital Markets, Goldman Sachs, Mizuho Securities, Needham, and JMP Securities provided mixed reactions, adjusting their price targets and ratings based on the guidance and the company's performance. The guidance reflects challenges including a $80M headwind from non-recurring revenues and increased hiring impacting operating margins.

Portfolio Pulse from Priya Nigam

March 08, 2024 | 6:14 pm

LCID

TSLA

RBC Capital Markets analyst Tom Narayan has halved Lucid Group's price forecast from $6 to $3 despite its technology being 12%-23% more efficient than Tesla's. The downgrade is due to reactive discussions with OEMs, lower expected licensing penetration, and demand concerns for its sedans. Lucid's Gravity and Mid-size offerings aim to reverse these woes, and its tech could benefit PHEVs amidst the EV slowdown in the U.S. Lucid also adjusted the price of its Lucid Air Pure model to compete with luxury sedans from Mercedes and BMW.

Portfolio Pulse from Nabaparna Bhattacharya

March 08, 2024 | 6:08 pm

MDB

JMP Securities analyst Patrick Walravens has reiterated a 'Market Outperform' rating on MongoDB (MDB) and maintained a price target of $440.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 6:08 pm