Streetbeat News

Analyst Ratings

VECO

Benchmark analyst Mark Miller maintains a Buy rating on Veeco Instruments (NASDAQ:VECO) and raises the price target from $34 to $40.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:28 pm

LSPD

Piper Sandler analyst Clarke Jeffries has reiterated a Neutral rating on Lightspeed Commerce (NYSE:LSPD) and maintained an $18 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:23 pm

WAB

Keybanc analyst Steve Barger maintains an Overweight rating on Westinghouse Air Brake (WAB) and raises the price target from $133 to $155.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:20 pm

TDG

Keybanc has maintained its Overweight rating on TransDigm Group (TDG) and increased the price target from $1180 to $1220.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:17 pm

RGEN

Keybanc analyst Paul Knight has maintained an Overweight rating on Repligen (NASDAQ:RGEN) and increased the price target from $210 to $220.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:14 pm

PSN

Keybanc analyst Sangita Jain maintains an Overweight rating on Parsons Corp (NYSE:PSN) and raises the price target from $74 to $79.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:12 pm

PLUG

Truist Securities analyst Jordan Levy maintained a Hold rating on Plug Power Inc. (NASDAQ:PLUG) with a price target of $3, following the company's announcement of a plan to reduce annual operational expenses by $75 million through layoffs, supply chain optimizations, and other measures. The plan aims to address liquidity concerns and reduce cash burn, with a target of a 70% YoY reduction in FY24. However, Levy expressed uncertainty about the impact of these cost-saving measures on the startup timing for green hydrogen production facilities, which are crucial for improving fuel margins. PLUG shares dropped 3.43% to $4.08.

Portfolio Pulse from Nabaparna Bhattacharya

February 15, 2024 | 7:11 pm

NRDS

Keybanc analyst Justin Patterson has maintained an Overweight rating on Nerdwallet (NASDAQ:NRDS) and increased the price target from $20 to $22.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:10 pm

FSLY

Fastly, Inc. (NYSE:FSLY) shares dropped after reporting mixed Q4 financial results and guidance. Earnings per share were at 1 cent, beating estimates, but quarterly sales of $137.78 million missed expectations. Analyst Jeff Van Rhee downgraded Fastly from Buy to Hold with a $20 price target. The stock's heavy trading volume was noted, and its FY23 revenue growth was 16.93%. Economic conditions and comparisons with peers were discussed, highlighting Fastly's underperformance in the Information Technology sector.

Portfolio Pulse from Erica Kollmann

February 15, 2024 | 7:08 pm

ENTG

Keybanc analyst Aleksey Yefremov has maintained an Overweight rating on Entegris (NASDAQ:ENTG) and increased the price target from $136 to $164.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 7:07 pm