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Analyst Ratings

NVDA

Jim Cramer views the recent 6.7% drop in Nvidia's stock as a potential buying opportunity for new investors, especially ahead of the company's earnings report. Despite the decline, Nvidia's stock has significantly increased by 47% since the start of the year, with expectations of strong Q4 results driven by AI and gaming demand. Analysts anticipate robust earnings but warn of a possible post-earnings pullback.

Portfolio Pulse from Benzinga Neuro

February 21, 2024 | 2:54 am

GOOG

GOOGL

MSFT

NET

NVDA

PLTR

A Reddit post highlighted NVIDIA Corp (NVDA) and Alphabet Inc (GOOG, GOOGL) as top tech stock picks for the next five years, according to user consensus. Nvidia was praised for its long-term growth prospects, while Alphabet was noted for its diverse ecosystem and potential as a low-risk, high-reward investment. Other stocks mentioned included Palantir Technologies (PLTR), Microsoft Corp (MSFT), and Cloudflare Inc (NET), each recognized for unique strengths and growth potential.

Portfolio Pulse from Surbhi Jain

February 20, 2024 | 11:01 pm

HD

Home Depot, Inc (NYSE:HD) reported mixed Q4 fiscal 2023 results with an EPS of $2.82, surpassing estimates but with a 2.9% Y/Y decrease in net sales to $34.8 billion. Comparable sales also fell by 3.5% Y/Y. The company's operating margin decreased to 11.9%. For fiscal 2024, Home Depot provided cautious guidance, including a 1.0% sales growth and a 1.0% decline in comparable sales, both below consensus estimates. Goldman Sachs analyst Kate McShane reiterated a Buy rating on HD with a $393 price target, expecting an adverse reaction to the guidance.

Portfolio Pulse from Anusuya Lahiri

February 20, 2024 | 9:14 pm

NVDA

Josh Brown of Ritholtz Wealth Management highlighted the critical importance of the market's reaction to Nvidia's upcoming Q4 earnings report. Nvidia, having led market gains in 2023 with a 239% increase due to optimism around AI, faces high expectations. Despite potential strong earnings, Brown warns that an underwhelming market reaction could negatively impact the Nasdaq. He referred to Nvidia as 'the most crowded trade on Earth' and suggested that even a great report resulting in a modest share price increase could psychologically damage tech sector sentiment. Nvidia shares and the Nasdaq have already seen declines since Brown expressed concerns about market tops.

Portfolio Pulse from Adam Eckert

February 20, 2024 | 8:37 pm

MRVL

Recent options trading activity for Marvell Tech (NASDAQ:MRVL) shows a bullish sentiment among investors, with 60% of trades being bullish and 40% bearish. The trading activity suggests a target price range of $42.5 to $77.5 for the next three months. The largest options trades indicate a mix of bullish and bearish sentiments for different expiration dates and strike prices. Marvell Technology, a leading fabless chip designer, currently has its stock price at $65.45, down by -1.27%, with an upcoming earnings report in 16 days. An analyst from Cantor Fitzgerald recently downgraded the stock to Overweight with a target price of $80.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 8:15 pm

VMC

Vulcan Materials (NYSE:VMC) has received mixed analyst ratings over the past three months, with a recent shift towards more bullish perspectives. The average 12-month price target for VMC has been raised to $260.57, indicating a 5.64% increase from the previous target. Analysts from firms like RBC Capital, Goldman Sachs, and Morgan Stanley have adjusted their ratings and price targets, reflecting evolving market conditions and Vulcan Materials' performance. Despite challenges in revenue growth and financial metrics such as ROE and ROA, Vulcan Materials remains the largest U.S. producer of construction aggregates.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 8:01 pm

VRTX

Vertex Pharmaceuticals (NASDAQ: VRTX) has received diverse analyst ratings over the last three months, with a shift towards more bullish sentiments in recent evaluations. The average 12-month price target for VRTX has increased to $438.1, up 5.86% from the previous target. Analysts from firms like Cantor Fitzgerald, JP Morgan, and Goldman Sachs have adjusted their price targets and ratings, reflecting optimism about Vertex's market performance and its portfolio of treatments for diseases like cystic fibrosis and beta thalassemia.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 8:00 pm

FRFHF

RBC Capital analyst Scott Heleniak has maintained an Outperform rating on Fairfax Financial Holdings (FRFHF) and increased the price target from $1085 to $1200.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 7:42 pm

EVTL

Canaccord Genuity analyst Austin Moeller upgraded Vertical Aerospace (NYSE:EVTL) from Hold to Buy and increased the price target from $1 to $1.5.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 7:38 pm

SQ

J.P.Morgan analyst Tien-tsin Huang maintains an Overweight rating on Block, Inc. (NYSE:SQ) with a $90 target. Block's Q4 earnings are anticipated on February 22, 2024. The focus is on CEO Jack Dorsey's efforts to boost Square's GPV growth and management's commitment to cost management. Huang expects Block to set Rule of 40 targets by 2026, earlier than consensus. U.S. network volumes are expected to decelerate ~1ppt sequentially in Q4, aligning with the forecast. Severe weather in January may affect Q1 outlook, with Square GPV growth projected in the low-double digits for 2024. SQ shares dropped 0.91% to $65.04.

Portfolio Pulse from Nabaparna Bhattacharya

February 20, 2024 | 7:29 pm