Streetbeat News

Analyst Ratings

NVDA

Gene Munster of Deepwater Asset Management predicts Nvidia (NVDA) will surpass Wall Street's Q4 expectations and continue to grow due to improving supply and AI advancements, despite challenges from China's chip ban. Munster expects upward revisions to Nvidia's earnings growth estimates post-Q4 results, highlighting the company's potential for sustained growth driven by AI developments across various sectors.

Portfolio Pulse from Shanthi Rexaline

February 16, 2024 | 9:05 am

DTM

DT Midstream, Inc. (NYSE:DTM) is set to release its Q4 earnings on Feb. 16, 2024, with analysts forecasting a slight decrease in earnings per share from 93 cents to 92 cents year-over-year, and a revenue drop from $243 million to $234.45 million. The company announced the early mechanical completion of its Phase 2 LEAP expansion. Shares rose 1.3% to $52.43 recently. Analyst ratings vary, with Wolfe Research downgrading to Underperform, Raymond James maintaining Outperform, Goldman Sachs rating as Sell, Stifel initiating coverage with Buy, and Morgan Stanley maintaining Underweight.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 7:27 am

CNK

Cinemark Holdings, Inc. (NYSE:CNK) is anticipated to report a narrower Q4 loss of 13 cents per share compared to last year's 82 cents, with revenue expected at $619.68 million versus $599.7 million. The company previously reported a 34.5% year-on-year sales growth for Q3 FY23. Analysts from JP Morgan, Goldman Sachs, B. Riley Securities, Benchmark, and Roth MKM have provided varied ratings and price targets for CNK, reflecting differing outlooks on the company's financial health.

Portfolio Pulse from Avi Kapoor

February 16, 2024 | 6:35 am

PANW

Wedbush's Dan Ives has raised the price target for Palo Alto Networks (NASDAQ:PANW) to $425, indicating a 16% upside, based on strong cybersecurity market dynamics and increasing cloud deal momentum. Ives highlights the 'golden age of cybersecurity' with PANW at the forefront, supported by solid field checks and a favorable position in the federal sector. The recent SEC guidelines are expected to further benefit PANW and its peers. Despite a recent patent lawsuit verdict against PANW, the company's stock is seen as resilient with significant growth potential.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 6:17 am

NVDA

Sarah Kunst, managing director at Cleo Capital, expressed concerns about the sustainability of NVIDIA Corp's (NASDAQ:NVDA) stock price, citing its high price-to-earnings ratio of 97 as indicative of a potential bubble. Despite the AI boom driving Nvidia's stock up, Kunst believes the valuation is unsustainable. Nvidia's market cap has surpassed that of Alphabet and Amazon, but experts like Josh Brown and investor Cathie Wood show caution, with Wood reducing Ark Invest's stake in Nvidia.

Portfolio Pulse from Benzinga Neuro

February 16, 2024 | 4:50 am

BTCUSD

DOGEUSD

ETHUSD

VETUSD

Major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) surged, driven by strong U.S. demand for BTC. The Coinbase Premium Index hit a 9-month high, indicating strong buying pressure from U.S. investors. The global cryptocurrency market cap increased by 3.61% to $1.94 trillion. Meanwhile, U.S. stock markets recovered, with the S&P 500, Nasdaq, and Dow Jones showing gains. Analysts issued warnings and advice regarding entering the cryptocurrency market, highlighting a sell signal on the BTC daily chart.

Portfolio Pulse from Mehab Qureshi

February 16, 2024 | 3:19 am

ADAUSD

Cardano (ADA) experienced a 4.4% increase, surpassing the $0.60 mark, with analysts predicting a future breakout. The Messari report highlighted a significant growth in Cardano's total value locked (TVL) and daily transactions. Charles Hoskinson discussed bullish factors for Cardano, including liquid staking and growth without venture capital. Analysts predict a potential rise to $0.80, with strong holder belief in the ecosystem and technical indicators suggesting an explosive rally.

Portfolio Pulse from Khyathi Dalal

February 16, 2024 | 12:03 am

COIN

FTNT

IT

NVDA

SMCI

Marc Chaikin, founder of Chaikin Analytics, differentiates between the investment potential of AI and crypto sectors. He favors AI, particularly semiconductor stocks like NVIDIA Corp (NVDA) and Super Micro Computer Inc (SMCI), over crypto stocks. Chaikin suggests taking profits in SMCI around $1,000 a share. Despite the recent surge in Coinbase Global Inc (COIN) due to crypto highs, Chaikin prefers AI, which benefits various tech industries. He also mentions Gartner Inc (IT) and Fortinet Inc (FTNT) as part of the AI boom.

Portfolio Pulse from Aaron Bry

February 15, 2024 | 10:31 pm

CSCO

Cisco Systems, Inc (NASDAQ:CSCO) received mixed reviews from analysts, with an Outperform rating from Oppenheimer and Market Perform from JMP and William Blair, among others. Despite facing challenges such as a slower pace of inventory digestion and pressure on fiscal 2024 revenue outlook, analysts remain optimistic about Cisco's long-term prospects, particularly in AI and security following the Splunk acquisition. Third-quarter revenue and EPS estimates vary slightly among analysts, with a general expectation of a downturn compared to previous forecasts.

Portfolio Pulse from Anusuya Lahiri

February 15, 2024 | 10:14 pm

ALB

In the last three months, 11 analysts have rated Albemarle (NYSE:ALB), with a shift towards more neutral stances recently. The average 12-month price target is now $144.18, down from $169.30. Analysts' actions, ranging from lowering to maintaining ratings, reflect adjustments to market dynamics and company performance. Albemarle, a leading lithium producer, has shown strong financials, including a revenue growth rate of 10.46% and a net margin of 13.09%, outperforming industry benchmarks.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 9:00 pm