Streetbeat News

Analyst Ratings

LSCC

Susquehanna analyst Christopher Rolland maintains a Positive rating on Lattice Semiconductor (LSCC) but lowers the price target from $80 to $78.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 4:34 pm

TDC

Teradata Corporation (NYSE:TDC) reported Q4 earnings of 56 cents per share, surpassing the consensus estimate of 51 cents, and a 60% increase from the previous year. Quarterly sales were $457 million, slightly above estimates. Despite the positive results, Teradata issued weak earnings guidance for Q1 and FY 2024, leading to a 23.8% drop in its share price. Following the report, RBC Capital, B of A Securities, and Morgan Stanley adjusted their price targets and ratings for Teradata.

Portfolio Pulse from Avi Kapoor

February 13, 2024 | 4:32 pm

FANG

Susquehanna analyst Biju Perincheril maintains a Positive rating on Diamondback Energy (NASDAQ:FANG) and raises the price target from $190 to $195.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 4:30 pm

LRMR

Larimar Therapeutics' stock price increased following JMP Securities' decision to maintain a Market Outperform rating and raise its price target from $17 to $25.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 4:29 pm

ZI

ZoomInfo Technologies Inc. (NASDAQ:ZI) reported Q4 earnings surpassing analyst expectations with earnings of 26 cents per share and sales of $316.4 million. The company forecasts FY 2024 adjusted operating income between $492 million and $502 million, with earnings between 99 cents and $1.01 per share. Following the report, ZoomInfo shares rose 12.5% to $18.01. Analysts from Piper Sandler, DA Davidson, RBC Capital, and Needham updated their price targets and ratings on ZoomInfo.

Portfolio Pulse from Avi Kapoor

February 13, 2024 | 4:25 pm

BTBT

Northland Capital Markets has initiated coverage on Bit Digital (NASDAQ:BTBT) with an Outperform rating and set a price target of $6.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 4:25 pm

TDC

Morgan Stanley analyst Erik Woodring downgraded Teradata (NYSE:TDC) from Overweight to Equal-Weight and reduced the price target from $74 to $48.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 4:21 pm

LOW

JPMorgan analyst Christopher Horvers upgraded Lowe's Companies Inc (NYSE:LOW) from Neutral to Overweight and raised the price target from $210 to $265, citing a potential rebound in the home improvement sector and the company's strong position in appliances. Despite a recent 2.3% drop in share price, Lowe's is added to JPMorgan's Analyst Focus List as a Value stock idea. The expected Federal Reserve rate cuts could further spur growth, although the rebound may be partly muted by the locked-in mortgage rate dynamic.

Portfolio Pulse from Priya Nigam

February 13, 2024 | 4:18 pm

ABNB

Airbnb Inc (NASDAQ:ABNB) is experiencing increased attention ahead of its Q4 earnings report, expected to post earnings of 62 cents per share and $2.164 billion in revenue. Last quarter, Airbnb anticipated record-high Q4 adjusted EBITDA and noted potential impacts from macroeconomic trends and geopolitical conflicts on travel demand. Analysts from Oppenheimer and BofA have highlighted strong consumer demand and bookings for Airbnb, with BofA expecting the company to surpass average daily rates and room nights booked expectations. The average one-year price target for ABNB shares is $136.60, indicating a potential downside, with mixed analyst ratings.

Portfolio Pulse from Adam Eckert

February 13, 2024 | 4:18 pm

ALT

Altimmune shares are trading lower following a short report issued by Kerrisdale Capital.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 4:17 pm