Streetbeat News

Analyst Ratings

GLOB

Piper Sandler analyst Arvind Ramnani maintains an Overweight rating on Globant (GLOB) and raises the price target from $257 to $290.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 10:07 am

TYL

Needham analyst Joshua Reilly has reiterated a Buy rating on Tyler Technologies (NYSE:TYL) and maintained a $500 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 10:04 am

TOST

Piper Sandler analyst Clarke Jeffries maintains a Neutral rating on Toast (TOST) and raises the price target from $18 to $20.

Portfolio Pulse from Benzinga Newsdesk

February 16, 2024 | 10:01 am

TSM

Taiwan Semiconductor Manufacturing Co Ltd (TSM) experienced a significant surge in its market value, adding $42 billion on Thursday, driven by optimism about artificial intelligence (AI). This increase pushed TSM's market value to $575 billion, nearing the top 10 most valuable companies globally. The surge is attributed to TSMC's role as a crucial supplier for AI processors, particularly for Nvidia, and optimism surrounding AI's future growth. Despite concerns of being overbought, analysts remain bullish, with Morgan Stanley raising its target price for TSMC.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 9:17 am

NVDA

Gene Munster of Deepwater Asset Management predicts Nvidia (NVDA) will surpass Wall Street's Q4 expectations and continue to grow due to improving supply and AI advancements, despite challenges from China's chip ban. Munster expects upward revisions to Nvidia's earnings growth estimates post-Q4 results, highlighting the company's potential for sustained growth driven by AI developments across various sectors.

Portfolio Pulse from Shanthi Rexaline

February 16, 2024 | 9:05 am

DTM

DT Midstream, Inc. (NYSE:DTM) is set to release its Q4 earnings on Feb. 16, 2024, with analysts forecasting a slight decrease in earnings per share from 93 cents to 92 cents year-over-year, and a revenue drop from $243 million to $234.45 million. The company announced the early mechanical completion of its Phase 2 LEAP expansion. Shares rose 1.3% to $52.43 recently. Analyst ratings vary, with Wolfe Research downgrading to Underperform, Raymond James maintaining Outperform, Goldman Sachs rating as Sell, Stifel initiating coverage with Buy, and Morgan Stanley maintaining Underweight.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 7:27 am

CNK

Cinemark Holdings, Inc. (NYSE:CNK) is anticipated to report a narrower Q4 loss of 13 cents per share compared to last year's 82 cents, with revenue expected at $619.68 million versus $599.7 million. The company previously reported a 34.5% year-on-year sales growth for Q3 FY23. Analysts from JP Morgan, Goldman Sachs, B. Riley Securities, Benchmark, and Roth MKM have provided varied ratings and price targets for CNK, reflecting differing outlooks on the company's financial health.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 6:35 am

PANW

Wedbush's Dan Ives has raised the price target for Palo Alto Networks (NASDAQ:PANW) to $425, indicating a 16% upside, based on strong cybersecurity market dynamics and increasing cloud deal momentum. Ives highlights the 'golden age of cybersecurity' with PANW at the forefront, supported by solid field checks and a favorable position in the federal sector. The recent SEC guidelines are expected to further benefit PANW and its peers. Despite a recent patent lawsuit verdict against PANW, the company's stock is seen as resilient with significant growth potential.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 6:17 am

NVDA

Sarah Kunst, managing director at Cleo Capital, expressed concerns about the sustainability of NVIDIA Corp's (NASDAQ:NVDA) stock price, citing its high price-to-earnings ratio of 97 as indicative of a potential bubble. Despite the AI boom driving Nvidia's stock up, Kunst believes the valuation is unsustainable. Nvidia's market cap has surpassed that of Alphabet and Amazon, but experts like Josh Brown and investor Cathie Wood show caution, with Wood reducing Ark Invest's stake in Nvidia.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 4:50 am

BTCUSD

DOGEUSD

ETHUSD

VETUSD

Major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) surged, driven by strong U.S. demand for BTC. The Coinbase Premium Index hit a 9-month high, indicating strong buying pressure from U.S. investors. The global cryptocurrency market cap increased by 3.61% to $1.94 trillion. Meanwhile, U.S. stock markets recovered, with the S&P 500, Nasdaq, and Dow Jones showing gains. Analysts issued warnings and advice regarding entering the cryptocurrency market, highlighting a sell signal on the BTC daily chart.

Portfolio Pulse from Mehab Qureshi

February 16, 2024 | 3:19 am