Streetbeat News

Analyst Ratings

EQIX

Equinix (NASDAQ:EQIX) has received mixed analyst ratings over the past three months, with a shift towards a more positive outlook in recent evaluations. The average 12-month price target for EQIX has increased by 4.32% to $825.2. Analyst actions include both upgrades and downgrades, reflecting dynamic market conditions and company performance. Equinix operates a global network of data centers and has shown notable revenue growth, although it faces challenges in net margin and ROE. Its prudent debt management and strong ROA are highlighted as financial strengths.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 2:01 pm

CRK

Comstock Resources (NYSE:CRK) has received mixed analyst ratings in the last three months, with a shift towards a more indifferent stance in the last 30 days. The average 12-month price target for CRK has been lowered to $9.75 from $11.75, indicating a 17.02% decrease. Analysts from Truist Securities, Piper Sandler, and Stifel have adjusted their price targets and ratings, reflecting changes in market dynamics and company performance. Comstock Resources, an independent energy company, has shown a solid revenue growth rate of 8.98% as of December 31, 2023, but faces challenges in profitability, asset utilization, and debt management.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 2:01 pm

SKX

Analysts have recently updated their ratings and price targets for Skechers USA (NYSE:SKX), showing a positive shift in sentiment. The average 12-month price target has increased to $69.25, up 6.77% from the previous $64.86. Recent actions include both upgrades and downgrades in ratings and adjustments to price targets by analysts from Evercore ISI Group, Raymond James, Stifel, and Wedbush. Skechers USA's financial overview highlights a below-average market capitalization, strong revenue growth of 7.8%, a high net margin of 7.18%, but lower ROE and ROA compared to industry standards, and a conservative debt management approach.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 2:00 pm

AVTR

Avantor (NYSE:AVTR) has received diverse analyst ratings over the last three months, with a shift towards more bullish sentiments. The average 12-month price target for AVTR has increased to $25.88, up from $21.67, indicating a 19.43% rise. Analysts from firms like Barclays, Raymond James, and Deutsche Bank have adjusted their ratings and price targets, reflecting evolving market conditions and Avantor's performance. Despite facing revenue challenges and a high debt-to-equity ratio, Avantor's net margin and ROA outperform industry benchmarks.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 2:00 pm

COIN

Coinbase shares are trading higher following an upgrade from JP Morgan, moving from Underweight to Neutral, with a new price target set at $80.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 2:00 pm

BTCUSD

Gareth Soloway, known for his bearish stance on Bitcoin, recently went viral for shorting Bitcoin at $50,000, a move criticized by many in the Bitcoin community. Despite Soloway's reputation as a 'permabear', Bitcoin's price surged past $52,000, driven by strong ETF inflows and market optimism. This has led to significant criticism from Bitcoin enthusiasts and analysts, highlighting the risky nature of shorting a major cryptocurrency like Bitcoin, especially given its backing by financial giants such as BlackRock.

Portfolio Pulse from Ivan Crnogatić

February 15, 2024 | 1:59 pm

TRIP

Wedbush analyst Scott Devitt has reiterated a Neutral rating on TripAdvisor (NASDAQ:TRIP) and maintained a $20 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:59 pm

SMCI

Super Micro Computer's stock (SMCI) is trading higher following a Buy rating and a $1,040 price target initiation by B of A Securities.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:58 pm

PEGA

Wedbush analyst Daniel Ives reiterates an Outperform rating on Pegasystems (NASDAQ:PEGA) and maintains a $58 price target.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:56 pm

APP

Wedbush analyst Nick McKay has maintained an Outperform rating on AppLovin (NASDAQ:APP) and increased the price target from $58.5 to $67.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 1:54 pm