Streetbeat News

Analyst Ratings

CAH

RSPG

SHAK

On CNBC's Halftime Report, analysts shared their final trades, highlighting Cardinal Health, Shake Shack, and the Invesco S&P 500 Equal Weight Energy ETF as their top picks. These recommendations provide insight into the analysts' views on the potential performance of these stocks and ETF in the near term.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 6:00 pm

SMCI

BofA Securities analyst Ruplu Bhattacharya initiated coverage of Super Micro Computer Inc (NASDAQ:SMCI) with a Buy rating and a price target of $1,040, citing strong revenue growth potential driven by AI demand. Over 50% of the company's revenues are tied to accelerators like GPUs, and the AI server market could grow at a 50% CAGR over the next three years. Shares of SMCI rose by 9.27% to $962.17.

Portfolio Pulse from Priya Nigam

February 15, 2024 | 5:46 pm

CLBT

Needham analyst Mike Cikos maintains a Buy rating on Cellebrite DI (NASDAQ:CLBT) and raises the price target from $10 to $13.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 5:46 pm

VALN

HC Wainwright & Co. analyst Edward White has reiterated a Buy rating on Valneva (NASDAQ:VALN) and maintained a $26 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 5:44 pm

CYBN

HC Wainwright & Co. analyst Patrick Trucchio has reiterated a Buy rating on Cybin (AMEX:CYBN) and maintained a $5 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 5:41 pm

COIN

JPMorgan Chase upgraded Coinbase Global Inc. (NASDAQ:COIN) from Underweight to Neutral, citing the surge in Bitcoin prices and the positive impact of U.S. spot Bitcoin ETFs on Coinbase's earnings. The bank maintained an $80 price target on COIN. The inflows into Bitcoin ETFs and the rise in cryptocurrency prices have bolstered the market, benefiting Coinbase's transaction-based revenue model. Despite the upgrade, JPMorgan remains cautious about Coinbase's valuation and competitive risks from ETFs. COIN shares were up 3.4% to $165.83 following the announcement.

Portfolio Pulse from Murtuza Merchant

February 15, 2024 | 5:40 pm

PTN

HC Wainwright & Co. analyst Joseph Pantginis reiterates a Buy rating on Palatin Techs (AMEX:PTN) and maintains a $70 price target.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 5:39 pm

COIN

Coinbase Global, Inc. (NASDAQ:COIN) shares rose after JP Morgan upgraded the stock from Underweight to Neutral with an $80 price target, citing significant price appreciation of Bitcoin and Ethereum. However, concerns were raised about new spot Bitcoin ETFs as potential competition. Coinbase shares have gained 25% in the past five days, with investors eyeing the Bitcoin halving event. The company is expected to report a Q4 loss of 1 cent per share and revenue of $822.364 million.

Portfolio Pulse from Erica Kollmann

February 15, 2024 | 5:37 pm

EPAM

EPAM Systems, Inc. (NYSE:EPAM) reported Q4 FY23 sales of $1.16 billion, surpassing analyst estimates and showing a 6.0% year-on-year decline. Adjusted EPS was $2.75, beating the consensus of $2.50. The company is focusing on Generative AI growth after restructuring its delivery platforms. For Q1, EPAM forecasts revenues between $1.155 billion and $1.165 billion, with adjusted EPS of $2.26 to $2.34, slightly below the estimated $2.39. 2024 revenue growth is expected to be 1% to 4%, with adjusted EPS projected at $10.00 to $10.40. Needham and Piper Sandler have maintained positive ratings on EPAM, raising their price targets to $350 and $369, respectively. EPAM shares rose 7.77% to $299.75.

Portfolio Pulse from Anusuya Lahiri

February 15, 2024 | 5:36 pm