Streetbeat News

Analyst Ratings

SHOO

Piper Sandler analyst Abbie Zvejnieks initiated coverage on Steven Madden, Ltd. (NASDAQ:SHOO) with a Neutral rating and a price target of $45, highlighting the brand's resilience and growth potential despite shifting trends. The acquisition of Almost Famous is expected to boost the apparel and accessories business, with low-teens earnings growth anticipated in 2024. However, increasing freight rates and delays due to the Red Sea crisis could pressure margins.

Portfolio Pulse from Nabaparna Bhattacharya

February 14, 2024 | 7:18 pm

KAI

Barrington Research analyst Gary Prestopino has reiterated an Outperform rating on Kadant (NYSE:KAI) and maintained a $300 price target.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 7:02 pm

MCO

RBC Capital analyst Ashish Sabadra has reiterated an Outperform rating on Moody's (NYSE:MCO) and maintained a price target of $450.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 6:58 pm

LAD

Stephens & Co. analyst Daniel Imbro has reiterated an Overweight rating on Lithia Motors (NYSE:LAD) and maintained a $375 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 6:53 pm

QQQ

Gene Munster of Deepwater Asset Management predicts a multi-year bull run for the Nasdaq, driven by AI, potentially doubling or tripling its value in 2 years. The Nasdaq Composite and Nasdaq 100, tracked by Invesco QQQ Trust (QQQ), have seen significant gains, attributed to AI adoption. Munster ranks AI's impact near that of electricity, suggesting a transformative effect on the market. He anticipates a bubble similar to the dot-com era but driven by AI, with QQQ currently trading around 28 times earnings.

Portfolio Pulse from Adam Eckert

February 14, 2024 | 6:48 pm

ONCY

HC Wainwright & Co. analyst Patrick Trucchio has reiterated a Buy rating on Oncolytics Biotech (NASDAQ:ONCY), maintaining a $5 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 6:45 pm

DTIL

HC Wainwright & Co. analyst Patrick Trucchio has reiterated a Buy rating on Precision BioSciences (NASDAQ:DTIL) and maintained a $3 price target.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 6:42 pm

STNG

Jefferies analyst Omar Nokta has reiterated a Buy rating on Scorpio Tankers (NYSE:STNG) and maintained a $90 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 6:39 pm

CTXR

HC Wainwright & Co. analyst Vernon Bernardino has reiterated a Buy rating on Citius Pharma (NASDAQ:CTXR) and maintained a $4 price target.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 6:37 pm

BTCUSD

WhaleWire, a prominent account on X with over 519,000 followers, predicts a 99.99% chance that Bitcoin (BTC) will fall below $10,000, citing unsustainable rally due to fraud and price manipulation. The account also mentions a 'Tether money printing spree' as a cause for the current rally, leading them to increase their short position. Despite WhaleWire's bearish stance, Bitcoin recently surpassed $51,000, casting doubt on the prediction's accuracy. The article also references skepticism towards such predictions, quoting ETF Store president Nate Geraci's remark, 'Nobody knows anything.'

Portfolio Pulse from Ivan Crnogatić

February 14, 2024 | 6:32 pm