Streetbeat News

Analyst Ratings

PODC

PodcastOne Inc (NASDAQ:PODC) saw its shares rise after Roth Capital Partners initiated coverage with a Buy rating and a $4.50 price target. The company is highlighted for its unique position as the only pure-play podcast stock in the U.S., expected to see 23%-25% annual revenue growth over the next several years. Adjusted EBITDA is projected to be positive by fiscal 2024, reaching approximately $6 million by 2027. Growth is anticipated from new podcast launches, increased ad revenue, and acquisitions.

Portfolio Pulse from Priya Nigam

February 26, 2024 | 6:03 pm

PHR

Phreesia (NYSE:PHR) has received mixed reviews from 7 financial analysts over the past quarter, with recent ratings ranging from bullish to bearish. The average 12-month price target for PHR has been adjusted to $29.29, down from $37.25, indicating a 21.37% decrease. Analysts have adjusted their ratings and price targets in response to market dynamics and Phreesia's performance, with some maintaining their positive outlook while others have lowered their expectations. Phreesia's financials show a positive revenue trend with a 25.33% growth rate as of October 31, 2023, but its net margin and ROA lag behind industry averages, despite a strong ROE and prudent debt management.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 6:01 pm

CAT

Deep-pocketed investors have shown a bearish sentiment towards Caterpillar (NYSE:CAT), with options activity indicating a divided mood: 33% bullish and 66% bearish. Notable options trades include both puts and calls with a price target range of $280.0 to $340.0. Caterpillar, a leading manufacturer of heavy equipment, shows a current stock price of $327.03, up by 0.97%. Analyst ratings vary, with an average target price of $332.4, ranging from $257 to $385.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 6:00 pm

ALGN

Five analysts have recently updated their ratings on Align Technology (NASDAQ:ALGN), with a mix of bullish, indifferent, and bearish perspectives. The average 12-month price target for ALGN has been raised to $265.4, up 15.9% from the previous $229.00. Analysts from firms including Leerink Partners, Goldman Sachs, Piper Sandler, and UBS have adjusted their price targets and ratings, reflecting a nuanced view of the company's prospects. Align Technology, known for its Invisalign product, dominates the clear aligner market and has shown strong financial health indicators despite a slight revenue decline.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 6:00 pm

CPE

Callon Petroleum (NYSE:CPE) has received mixed analyst ratings over the past three months, with a shift towards a more neutral stance in the last 30 days. The average 12-month price target has been adjusted downwards to $38.8 from $44.75, reflecting a 13.3% decline. Analysts from Mizuho, Stifel, and Morgan Stanley have adjusted their ratings and price targets, indicating a cautious outlook on the company's performance. Callon Petroleum, engaged in oil and natural gas exploration and production, faces challenges such as a significant revenue decline of -25.91% and below-average profitability metrics.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 6:00 pm

ENPH

Recent options trading activity indicates a bullish stance on Enphase Energy (NASDAQ:ENPH) by big-money investors, with a mix of bullish and bearish sentiments. Benzinga's options scanner revealed 12 unusual options trades, split between calls and puts, targeting a price window of $100.0 to $280.0. The current market status shows ENPH's price up by 0.69% at $119.0, with expert opinions varying, including an upgraded rating to Outperform by Oppenheimer with a target price of $133.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 6:00 pm

COR

Cencora (NYSE:COR) has been analyzed by 4 analysts, showing a shift towards a more bullish outlook with recent ratings and an increased average 12-month price target of $235.0, up 22.4% from the previous $192.00. The company, a major player in the pharmaceutical wholesale industry, has shown strong financial health with significant revenue growth, high ROE, and ROA, despite a high debt-to-equity ratio. Analysts from Leerink Partners, Mizuho, Barclays, and Wells Fargo have provided updated ratings and price targets, reflecting evolving market conditions and Cencora's performance.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 6:00 pm

LEA

Analysts have diverse opinions on Lear Corporation (NYSE:LEA), with recent evaluations showing a mix of bullish to bearish sentiments. Over the last three months, 5 analysts provided ratings, with a shift towards a more indifferent stance in the last 30 days. The average 12-month price target for LEA is $166.6, reflecting a slight increase from the previous target. Analyst actions include both upgrades and downgrades, with price targets ranging from $134.00 to $200.00. Lear, a leader in automotive seating and electrical systems, shows strong market positioning with a significant market capitalization and revenue growth, despite challenges in profitability and asset utilization.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 6:00 pm

CVNA

Kerrisdale Capital released a short report on Carvana Co (NYSE:CVNA), criticizing its valuation and growth prospects. Despite recent gains, Kerrisdale views Carvana's stock as overvalued, citing a 'muted growth outlook' and unrealistic valuation metrics. Carvana's recent Q4 earnings missed expectations, but the company remains optimistic about its future, expecting increased retail units sold and adjusted EBITDA above $100 million in the next quarter. Analysts have mixed views on Carvana, with ratings ranging from 'Underweight' to 'Outperform'.

Portfolio Pulse from Chris Katje

February 26, 2024 | 5:59 pm

WMT

Oppenheimer analyst Rupesh Parikh maintains an Outperform rating on Walmart Inc (NYSE:WMT) with a new price target of $67, adjusted for a 3-for-1 stock split. The split-adjusted shares will begin trading on February 26. Parikh is optimistic about Walmart's potential for grocery share gains, alternative revenue streams, e-commerce investments, and international expansion, projecting ~4% sales and operating income growth. The $67 price target is based on a ~27x P/E multiple of the fiscal 2025 EPS forecast of $2.50. Walmart's shares rose 1.9% to $59.63.

Portfolio Pulse from Anusuya Lahiri

February 26, 2024 | 5:57 pm