Streetbeat News

Analyst Ratings

SUM

RBC Capital analyst Mike Dahl has reiterated a 'Sector Perform' rating on Summit Materials (NYSE:SUM) and maintained a $38 price target.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 3:28 pm

HOOD

Robinhood Markets Inc (NASDAQ:HOOD) is set to report its Q4 earnings with expectations of a negative 1 cent EPS and $453.46 million in revenues. The stock has shown bullish technical indicators such as being above its exponential moving averages and a bullish MACD indicator, despite nearing overbought conditions according to the RSI. Analyst consensus rates HOOD as Neutral with a price target of $14.05, amidst recent upgrades. Shares were down 2.6% at $11.70 ahead of the earnings report.

Portfolio Pulse from Surbhi Jain

February 13, 2024 | 3:27 pm

ZI

RBC Capital analyst Rishi Jaluria has reiterated an Underperform rating on ZoomInfo Technologies (NASDAQ:ZI) and maintained a $14 price target. This suggests a bearish outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 3:25 pm

TDC

RBC Capital analyst Matthew Hedberg has maintained a Sector Perform rating on Teradata (NYSE:TDC) but lowered the price target from $59 to $48.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 3:23 pm

RENB

Renovaro Biosciences' stock price has declined following a report by Hindenburg Research, which disclosed a short position in RENB.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 3:22 pm

VCTR

RBC Capital analyst Kenneth Lee maintains an Outperform rating on Victory Capital Holdings (NASDAQ:VCTR) and raises the price target from $40 to $43.

Portfolio Pulse from Benzinga Newsdesk

February 13, 2024 | 3:18 pm

MU

Financial giants have shown a bearish sentiment towards Micron Technology (NASDAQ:MU), with 65% of unusual trades being bearish. The trading activity suggests a target price range of $72.5 to $95.0. The largest trades include both bearish and bullish positions, with significant open interest and volume in options. Micron, a major semiconductor company, has seen its stock price decrease by -3.92%, with a neutral RSI indicator and an earnings announcement expected in 42 days.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 3:15 pm

COST

Recent options activity for Costco Wholesale (NASDAQ:COST) shows a bearish sentiment among investors, with 63% of trades being bearish. The trading volume and open interest suggest a focus on a price range between $635.0 and $825.0. Despite this, professional analysts have issued ratings with a consensus target price of $736.8, indicating a potential upside. Costco's current stock price is $716.25, with an RSI indicating it may be approaching overbought territory. The company's next earnings are expected in 16 days.

Portfolio Pulse from Benzinga Insights

February 13, 2024 | 3:15 pm

LYFT

Lyft, Inc. (NASDAQ:LYFT) is anticipated to release its Q4 earnings on Feb. 13, 2024, with analysts expecting a decrease in earnings per share from 29 cents a year ago to 8 cents. Revenue is projected to rise slightly from $1.18 billion to $1.22 billion. The company's shares dropped 4.8% to $12.40 following a Q3 loss report. Analysts from Goldman Sachs, BMO Capital, Wedbush, Truist Securities, and Wells Fargo have recently updated their ratings and price targets for Lyft, with adjustments reflecting a cautious but slightly improved outlook.

Portfolio Pulse from Avi Kapoor

February 13, 2024 | 3:09 pm

ECL

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JBLU

Ecolab Inc. reported better-than-expected Q4 financial results, leading to a 6.4% rise in its shares. Other stocks like Whole Earth Brands, Larimar Therapeutics, and JetBlue Airways also saw significant gains due to various positive developments. The overall market, however, was down with the Dow Jones index dropping over 500 points.

Portfolio Pulse from Avi Kapoor

February 13, 2024 | 3:09 pm