Streetbeat News

Analyst Ratings

ALT

B. Riley Securities analyst Mayank Mamtani maintains a Buy rating on Altimmune (NASDAQ:ALT) and sets a price target of $20.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 11:04 pm

ES

Eversource Energy has projected its adjusted earnings per share (EPS) for 2024 to be in the range of $4.50 to $4.67, slightly above the analyst estimate of $4.49.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 10:53 pm

OXY

Occidental Petroleum Corp (NYSE:OXY) is set to report its Q4 earnings on Feb. 14, with expectations of 71 cents in EPS and $6.95 billion in revenues. The company, a significant holding in Warren Buffett's portfolio, has faced recent underperformance but shows potential for growth and carbon neutrality. Analysts focus on revenue, earnings, debt management, and carbon neutrality initiatives. The consensus rating is Neutral with a price target of $64.04, while the stock was trading at $57.62.

Portfolio Pulse from Surbhi Jain

February 13, 2024 | 9:04 pm

SUM

Summit Materials (NYSE:SUM) received mixed analyst ratings in the last quarter, with a shift towards a more cautious stance in the last 30 days. The average 12-month price target was adjusted to $41.5 from $43.00, indicating a 3.49% decrease. The company's financial performance shows strong profitability with a notable net margin of 28.94% and ROE of 10.57%, despite a high debt-to-equity ratio of 0.67. Revenue growth was 5.59% for the last quarter, slightly lagging behind industry peers.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 9:00 pm

HD

Analysts have recently updated their ratings and price targets for Home Depot (NYSE:HD), showing a positive trend with most analysts raising their price targets. The average 12-month price target is now $380.38, up from $337.50, indicating a bullish outlook. Home Depot's financial performance shows a slight revenue decline but strong profitability and financial health, with a notable ROE of 275.59% and ROA of 5.01%. The company's debt-to-equity ratio is higher than the industry average, suggesting a higher financial risk.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 9:00 pm

AAPL

QCOM

Piper Sandler analyst Harsh V. Kumar reaffirmed an Overweight rating on Qualcomm Inc (QCOM) with a $165 price target, highlighting its growth in IoT and automotive sectors. Qualcomm's IoT revenues are expected to rise, with potential quarterly revenues of $1.5 billion+ in the future. The automotive segment is projected to reach $3 billion in annual revenues by fiscal 2025. Qualcomm also secured 100% of the iPhone 15 modem share for 2023 and a 3-year deal with Apple, assuming a 20% share in the 2026 iPhone release. Despite current trading at a ~15x P/E multiple, Kumar suggests Qualcomm should trade at a premium (18x-20x P/E) due to its diversification and growth prospects.

Portfolio Pulse from Anusuya Lahiri

February 13, 2024 | 8:57 pm

AKAM

DBX

DDOG

HUBS

TWLO

ZI

JPMorgan's analysis by Mark R. Murphy provides a cautious yet optimistic outlook on the enterprise software industry, highlighting the impact of GenAI and macro uncertainties. ZoomInfo, Datadog, Akamai, HubSpot, Twilio, and Dropbox are evaluated with varying ratings based on their current challenges, market positioning, and future revenue guidance amidst a complex macroeconomic environment.

Portfolio Pulse from Surbhi Jain

February 13, 2024 | 8:36 pm

BLK

A significant bearish sentiment has been observed in BlackRock (NYSE:BLK) through unusual options trading activity, with a split sentiment of 27% bullish and 72% bearish among big-money traders. The trading volume and open interest suggest a price band focus between $380.0 and $830.0 for BLK. The company, being the largest asset manager with $9.101 trillion in AUM, shows a diverse product mix and a strong institutional client base. Currently, BLK's stock price is down by -1.88%, trading at $786.66, with an RSI indicating a neutral position. An analyst from TD Cowen has upgraded BLK to Outperform with a price target of $938.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 8:30 pm

ARM

Jim Cramer labeled Arm Holdings plc (NASDAQ:ARM) as 'dramatically overvalued' despite its strong quarterly performance, suggesting its stock price should be around $80-$85, far below its current level. Arm's shares had tripled since its IPO before a recent pullback. The stock's surge was attributed to a low-float dynamic due to SoftBank's 90% ownership and possibly high short interest. Arm beat analyst estimates and issued strong guidance, with potential for price increases and new market entries due to AI demand.

Portfolio Pulse from Adam Eckert

February 13, 2024 | 8:18 pm

F

Ford Motor (NYSE:F) received mixed analyst ratings with 7 analysts offering their perspectives, showing a shift towards a more cautious outlook over the past 30 days. The average 12-month price target for Ford is now $13.19, down 10.09% from the previous $14.67. Analysts from firms like Morgan Stanley and Citigroup have adjusted their price targets and ratings, reflecting varied expectations for Ford's stock performance. Ford's market position is analyzed, noting its market share, revenue growth, and financial metrics such as net margin and debt management.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 8:00 pm