Streetbeat News

Analyst Ratings

DPZ

UBER

J.P Morgan analyst John Ivankoe downgraded Domino's Pizza Inc (DPZ) to Neutral from Overweight, despite raising the forecast to $430 from $420, citing the stock is now fully priced. Meanwhile, BMO Capital Markets analyst Andrew Strelzik reiterated an Outperform rating on Domino's, raising the price target to $535 from $475, highlighting January promotions, weather benefits, and contributions from Uber Eats. Domino's is seen as a beneficiary of food cost deflation and is expected to see restaurant margin improvements and unit growth acceleration in 2024.

Portfolio Pulse from Nabaparna Bhattacharya

February 27, 2024 | 7:12 pm

EVER

EverQuote (NASDAQ:EVER) has received 8 analyst ratings in the last three months, showing a positive shift with 6 bullish and 2 somewhat bullish ratings. The average 12-month price target is $18.88, marking a 45.23% increase from the previous target of $13.00. Analysts from firms like JP Morgan, Needham, B. Riley Securities, Raymond James, and Craig-Hallum have raised their price targets, reflecting optimism about EverQuote's future performance despite its recent revenue decline of -46.71% and challenges in market capitalization, revenue growth, and returns on equity and assets.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 7:00 pm

PARA

PARAA

Paramount Global (NASDAQ:PARA)(NASDAQ:PARAA) is set to report Q4 financial results, with analysts expecting a revenue of $7.85 billion, a decrease from the previous year but the highest of the fiscal year. The company is anticipated to report a loss per share, contrasting with the prior year's profit. Analysts have mixed ratings on Paramount, with concerns over television revenue and potential mergers. Paramount is considering ventures or buyouts with several companies and is expected to undergo layoffs. The company's streaming platform, Paramount+, gained 2.7 million subscribers in Q3. The first quarter included Super Bowl LVIII, which had record viewership and ad revenue potential.

Portfolio Pulse from Chris Katje

February 27, 2024 | 6:46 pm

CPRT

JP Morgan analyst Jash Patwa reinstates Copart (NASDAQ:CPRT) with a Neutral rating and sets a $48 price target.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:39 pm

VZIO

Wells Fargo analyst Steven Cahall downgraded VIZIO Holding (VZIO) from Overweight to Equal-Weight but raised the price target from $10 to $11.5.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:35 pm

KO

Deep-pocketed investors show a divided sentiment on Coca-Cola (NYSE:KO), with options trading data revealing an equal split between bullish and bearish positions. The trading activity suggests a price target range of $40.0 to $62.5 for the next three months. Notable trades include both calls and puts with significant total trade prices. Coca-Cola's current market position shows a slight decrease in stock price, with an RSI indicating it may be approaching overbought territory. Analysts, including one from JP Morgan, maintain an optimistic outlook with a target price of $66.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 6:30 pm

ZM

JP Morgan analyst Mark Murphy has maintained a Neutral rating on Zoom Video Communications (ZM) and reduced the price target from $83 to $80.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:27 pm

FND

Floor & Decor Holdings' stock price is on the rise following Guggenheim's decision to maintain a Buy rating and increase the price target from $115 to $130.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:27 pm

RCKT

JP Morgan analyst Eric Joseph maintains an Overweight rating on Rocket Pharmaceuticals (NASDAQ:RCKT) but lowers the price target from $55 to $50.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:25 pm

OPAD

JP Morgan analyst Dae Lee maintains a Neutral rating on Offerpad Solutions (NYSE:OPAD) and lowers the price target from $10 to $9.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 6:19 pm