Streetbeat News

Analyst Ratings

PPBT

HC Wainwright & Co. analyst Emily Bodnar reiterated a Buy rating on Purple Biotech (NASDAQ:PPBT) and maintained a $10 price target.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 5:46 pm

SE

Market whales have shown a mixed sentiment on Sea (NYSE:SE) with a bearish lean, as evidenced by recent options trading activity. Benzinga's options scanner revealed 19 unusual trades, with a split sentiment of 42% bullish and 57% bearish. The trades focus on a price band between $22.5 and $100.0 for Sea. The largest trades include both calls and puts with varying sentiments and strike prices. Sea, known for its e-commerce platform Shopee and gaming business Garena, has seen its stock price increase by 0.9% to $45.77. An analyst from Citigroup has upgraded Sea to Buy with a target price of $50.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:46 pm

MRVL

Deep-pocketed investors have shown a bullish trend in options trading for Marvell Tech (NASDAQ:MRVL), with a significant move detected by Benzinga's options scanner. The activity includes 24 extraordinary options activities, with a bullish sentiment from 58% of investors. The focus is on a price band between $55.0 and $90.0. The volume of MRVL is up 1.43% at $69.6, with RSI indicators suggesting it may be approaching overbought. An analyst from UBS maintains a Buy rating with a target price of $83.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:45 pm

TWKS

Piper Sandler analyst Arvind Ramnani has maintained a Neutral rating on Thoughtworks Holding (TWKS) but has lowered the price target from $5 to $3.4.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 5:44 pm

CMLS

Barrington Research analyst James Goss has reiterated an Outperform rating on Cumulus Media (NASDAQ:CMLS) and maintained an $8 price target.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 5:41 pm

MSFT

SNOW

Snowflake Inc (SNOW) is set to report its Q4 earnings with expectations of 18 cents EPS and $759.10 million in revenues. Analyst Mike Cikos of Needham has a Buy rating on SNOW, with a price target raised to $265, citing an 'outsized benefit' from AI growth and cloud migrations. Snowflake's cloud-native data platform is disrupting the market, with a 21% exposure to Azure, indicating a strategic advantage. The company's focus on unstructured data and the Applica acquisition further positions it against competitors like Databricks.

Portfolio Pulse from Surbhi Jain

February 27, 2024 | 5:40 pm

DORM

Barrington Research analyst Gary Prestopino has reiterated an Outperform rating on Dorman Products (DORM) and maintained a price target of $90.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 5:40 pm

CVNA

Carvana Co. (NYSE:CVNA) shares surged over 50% following its first-ever annual profit report last week. Analysts have revised price targets, with Morgan Stanley raising its target from $32 to $45. Despite a high short interest of 42.04%, the stock's significant movement is attributed to its earnings report. The average 1-year price target is $49.33, indicating a potential downside. Shares are currently trading up 18% at $82.45.

Portfolio Pulse from Erica Kollmann

February 27, 2024 | 5:39 pm

CTV

Needham analyst Laura Martin reiterates a Buy rating on Innovid (NYSE:CTV) and maintains a $2.25 price target.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 5:38 pm

WDAY

Citigroup analyst Steven Enders has maintained a Neutral rating on Workday (NASDAQ:WDAY) and increased the price target from $270 to $293.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 5:37 pm