Streetbeat News

Analyst Ratings

LYFT

Argus Research analyst Bill Selesky has upgraded Lyft (NASDAQ:LYFT) from Hold to Buy and set a new price target of $20.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:08 pm

FANG

Mizuho analyst Nitin Kumar has maintained a Buy rating on Diamondback Energy (NASDAQ:FANG) and increased the price target from $177 to $200.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:07 pm

GTLB

Mizuho analyst Gregg Moskowitz maintains a Buy rating on GitLab (GTLB) but lowers the price target from $87 to $75.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:06 pm

DSP

Viant Technology (NASDAQ:DSP) exceeded Q4 adjusted earnings expectations and provided Q1 revenue guidance above estimates. Despite missing Q4 sales estimates, the company's adjusted earnings were 14 cents per share against expected losses. Q1 revenue is forecasted between $49 million to $52 million, surpassing the $48.224 million estimate. The company's focus on cookie-free advertising solutions and AI product suite has driven growth. Following the report, Viant's shares rose 1.3%, and analysts from Needham and Canaccord Genuity adjusted their price targets upwards.

Portfolio Pulse from Avi Kapoor

March 05, 2024 | 1:05 pm

IDA

Mizuho analyst Anthony Crowdell maintains a Neutral rating on Idacorp (NYSE:IDA) and lowers the price target from $99 to $88.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 1:03 pm

CASY

Casey's General Stores (NASDAQ:CASY) has received mixed analyst ratings over the past three months, with an average 12-month price target of $315.6, indicating a 5.08% increase from the previous target. Analysts from Wells Fargo, Benchmark, Stephens & Co., RBC Capital, and BMO Capital have provided updates, with most raising their price targets. The company's financial performance shows positive revenue growth, a strong net margin, and effective debt management, positioning it well in the market.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:02 pm

ANSS

Analyst ratings for Ansys (NASDAQ:ANSS) have shown a mix of neutrality and slight bearishness over the last quarter, with a recent shift towards a more neutral stance in the last 30 days. The average 12-month price target for ANSS has been raised to $340.0, indicating a 2.41% increase from the previous target. Ansys's financial performance showcases strong revenue growth and net margin, but a below-average Return on Equity (ROE).

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:02 pm

CARA

Cara Therapeutics (NASDAQ:CARA) has received mixed analyst ratings over the past three months, with a total of 4 bullish ratings. The 12-month price targets show an average of $4.62, with a high of $6.00 and a low of $2.50, marking a significant decline from the previous average. The company's financial performance indicates challenges in revenue growth and efficiency, with a notable revenue decline of -55.0% as of September 30, 2023, and below-average ROE and ROA. However, it maintains a strong net margin and a prudent debt management strategy.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:01 pm

GFS

GLOBALFOUNDRIES (NASDAQ:GFS) received mixed analyst ratings over the past three months, with a shift towards a more cautious stance in the last 30 days. The average 12-month price target is $63.43, down 5.33% from the previous target. The company, a top-five contract semiconductor manufacturer, has shown a revenue growth rate of 0.11% as of December 31, 2023, but faces challenges in market capitalization, net margin, ROE, and ROA compared to industry benchmarks. Its debt-to-equity ratio is below the industry average, indicating less reliance on debt financing.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:01 pm

DSP

Viant Technology (NASDAQ:DSP) received mixed analyst ratings, with a recent shift towards more positive evaluations. The average 12-month price target is $10.5, reflecting a 29.31% increase from the previous target. The company's financial performance shows strong revenue growth and profitability metrics, outperforming industry averages. Analysts from Canaccord Genuity, Needham, and Raymond James have raised their price targets and ratings, indicating a positive outlook on the company's future.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 1:00 pm