Streetbeat News

Analyst Ratings

BCOV

Rosenblatt analyst Steve Frankel maintains a Buy rating on Brightcove (NASDAQ:BCOV) but lowers the price target from $7.5 to $5.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 12:56 pm

AAOI

Applied Optoelectronics, Inc. (NASDAQ:AAOI) reported Q4 results with adjusted earnings of 4 cents per share and sales of $60.45 million, missing market estimates. The company forecasts a Q1 adjusted loss of 33 to 28 cents per share, with revenue expectations significantly below market estimates. Despite this, shares rose 6% to close at $20.35. Analysts from B. Riley Securities and Rosenblatt adjusted their price targets and ratings post-results.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 12:48 pm

LYV

Rosenblatt analyst Barton Crockett maintains a Buy rating on Live Nation Entertainment (LYV) and raises the price target from $118 to $124.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 12:38 pm

NVDA

QQQ

RSP

SMH

SPY

XLI

XLV

U.S. stocks are set for a mixed open after Thursday's rally, driven by Nvidia's strong quarterly results and Federal Reserve Governor Lisa Cook's comments on interest rates. The Nasdaq Composite and S&P 500 reached new highs, with IT stocks leading gains. Analysts suggest earnings will be a major market catalyst this year, with mixed views on the economy's direction and the Federal Reserve's actions. Premarket trading saw movements in several stocks due to earnings reports, with notable rises and falls.

Portfolio Pulse from Shanthi Rexaline

February 23, 2024 | 12:34 pm

AAOI

Rosenblatt analyst Mike Genovese maintains a Buy rating on Applied Optoelectronics (NASDAQ:AAOI) but lowers the price target from $23 to $20.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 12:34 pm

MODV

ModivCare Inc. (NASDAQ:MODV) reported Q4 earnings above market expectations but provided a weaker sales forecast for Q1, leading to a 2.8% drop in its shares. The company's adjusted earnings were $1.29 per share, with sales of $702.83 million, surpassing estimates. However, its Q1 revenue forecast of $650 million to $700 million falls short of the expected $702.031 million. Analysts from Deutsche Bank and Jefferies have subsequently lowered their price targets and downgraded the stock.

Portfolio Pulse from Avi Kapoor

February 23, 2024 | 12:32 pm

AXTI

Needham analyst Charles Shi reiterates a Buy rating on AXT (NASDAQ:AXTI) and maintains a $5 price target.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 12:24 pm

KLTR

Needham analyst Ryan Koontz has reiterated a Buy rating on Kaltura (NASDAQ:KLTR) and maintained a $5 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 12:22 pm

IIIV

Benchmark analyst Mark Palmer initiates coverage on i3 Verticals (NASDAQ:IIIV) with a Buy rating and a price target of $28.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 12:15 pm

CTLP

Benchmark analyst Mark Palmer initiates coverage on Cantaloupe (NASDAQ:CTLP) with a Buy rating and sets a price target of $10.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 12:13 pm