Streetbeat News

Analyst Ratings

MNDY

Keybanc analyst Jason Celino has maintained an Overweight rating on Monday.Com (NASDAQ:MNDY) and increased the price target from $238 to $242.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 10:15 am

TRMB

Piper Sandler analyst Clarke Jeffries upgraded Trimble (NASDAQ:TRMB) from Neutral to Overweight and increased the price target from $51 to $68. This upgrade reflects a positive outlook on Trimble's future performance.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 10:11 am

ZI

Piper Sandler analyst Brent Bracelin has maintained an Overweight rating on ZoomInfo Technologies (NASDAQ:ZI) and increased the price target from $23 to $24.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 10:09 am

BIG

Telsey Advisory Group analyst Joseph Feldman has maintained a 'Market Perform' rating on Big Lots (NYSE:BIG) but has lowered the price target from $7 to $5.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 10:02 am

CDNS

Keybanc analyst Jason Celino has maintained an Overweight rating on Cadence Design Systems (CDNS) and increased the price target from $325 to $335.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 10:00 am

KO

Coca-Cola (NYSE:KO) is anticipated to report higher Q4 earnings on Feb. 13, 2024, with expected earnings of 49 cents per share, up from 45 cents a year ago, and projected revenue of $10.68 billion, up from $10.2 billion. The company is also entering India's ready-to-drink tea market with 'Honest Tea'. Shares slightly fell by 0.1% to $59.55 recently. Analysts from Barclays, JP Morgan, Morgan Stanley, and B of A Securities have provided updated ratings and price targets for Coca-Cola.

Portfolio Pulse from Avi Kapoor

February 13, 2024 | 9:32 am

TSLA

Tesla, Inc. (NASDAQ:TSLA) shares fell by 2.81% to close at $188.13, losing $17.33 billion in market capitalization, following a $1,000 price cut for the Model Y in the U.S. Analysts debated the impact, with Gary Black suggesting the market reaction was excessive compared to the estimated $65 million loss in profits for 2024. Conversely, Gordon Johnson provided a bearish view, calculating a $298 million impact from the price cut, justifying the stock's decline. The debate highlights differing perspectives on Tesla's short-term promotional strategy and its broader challenges.

Portfolio Pulse from Shanthi Rexaline

February 13, 2024 | 9:22 am

LLY

PEP

Jim Cramer, host of CNBC's 'Mad Money,' warned investors about the potential negative impact of weight loss drugs like Ozempic and Wegovy on the food and beverage industry. He advised caution with food and beverage stocks, suggesting that the popularity of GLP-1s drugs could lead to a significant industry decline. Cramer also noted other factors such as reduced consumer disposable income and a shift towards cannabis products could be affecting sales, with companies like PepsiCo Inc (NASDAQ:PEP) already seeing a decline. Eli Lilly and Co (NYSE:LLY) is mentioned as expanding market share with drugs like Tirzepatide.

Portfolio Pulse from Benzinga Neuro

February 13, 2024 | 6:46 am

NVDA

Evercore ISI's Julian Emanuel warns of a potential market correction due to FOMO sparked by NVIDIA Corp's (NASDAQ:NVDA) stock surge. Emanuel observes parallels to the Y2K phenomenon, with current excitement around AI. Despite a predicted 13% pullback, he remains optimistic about certain sectors. Nvidia's stock has risen 46% this year, with a 239% increase over the past year, raising valuation concerns despite its AI growth potential.

Portfolio Pulse from Benzinga Neuro

February 13, 2024 | 6:13 am

BTCUSD

ETHUSD

SEIUSD

Sei Network's token, SEI, surged 13% today, outperforming Bitcoin and Ethereum. Operating on the Cosmos blockchain, Sei aims to revolutionize decentralized exchanges with its parallelized EVM technology. Despite a quieter trading period after its initial $400 million market cap, renewed interest in alternative blockchains has spotlighted Sei. Analyst Bluntz predicts SEI could surpass $1, citing its potential for a 'fifth-wave' rally.

Portfolio Pulse from Mehab Qureshi

February 13, 2024 | 5:34 am