Streetbeat News

Analyst Ratings

ARM

NVDA

Arm Holdings Plc (NASDAQ:ARM) stock surged over 30% on Monday, following a 117% increase last week, adding close to $100 billion in market cap. This comes after the company reported quarterly sales of $824 million, surpassing analyst expectations, and an EPS of $0.29. The growth is attributed to the success of Armv9-based chips and strong demand for advanced Arm CPUs, particularly in AI investments. Nvidia Corp (NASDAQ:NVDA) also saw a 7% increase last week. Morgan Stanley analyst Lee Simpson raised ARM's price target to $107 from $55, highlighting ARM's leadership in silicon IP and potential growth in cloud and autos with the adoption of ARMv9 architecture.

Portfolio Pulse from Anusuya Lahiri

February 12, 2024 | 6:22 pm

CHPT

ENVX

EVGO

PLUG

Clean tech companies are expected to adopt a defensive stance in Q4 earnings amid liquidity concerns and weaker demand, according to JPMorgan. Enovix Corp (ENVX) is highlighted as an exception with a potential over 50% upside. ChargePoint Holdings (CHPT), EVgo Inc (EVGO), and Plug Power Inc (PLUG) face challenges, with the sector underperforming and investors showing skepticism. JPMorgan remains optimistic about Enovix, expecting modest revenue in Q4 2023 and significant growth in 2024.

Portfolio Pulse from Surbhi Jain

February 12, 2024 | 6:18 pm

NEM

Newmont (NYSE:NEM) has seen unusual options activity, with a bullish sentiment prevailing among financial giants. Analysis of options history revealed 9 unusual trades, with 55% bullish and 44% bearish. Significant trades include both calls and puts, aiming for a price range of $27.5 to $45.0. Newmont, the world's largest gold miner, recently acquired Newcrest, expecting to produce 7.3 million ounces of gold in 2023. Current stock price is $32.72, with analysts setting an average price target of $49.5.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 6:16 pm

ANTX

BIG

MGIH

Big Lots, Inc. shares plummeted by 31.3% after reporting disappointing preliminary Q4 results and a downgrade by Loop Capital. Other stocks showed significant movement, with notable gainers including Millennium Group International Holdings Limited, Beamr Imaging Ltd., and DIH Holdings US, Inc. Losers included AN2 Therapeutics, Inc., AirTouch Communications, Inc., and TOP Financial Group Limited.

Portfolio Pulse from Avi Kapoor

February 12, 2024 | 6:07 pm

LNC

Lincoln National's stock (LNC) experienced a price increase following an upgrade by Jefferies from Underperform to Hold, along with a raise in the price target from $22 to $26.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 6:01 pm

FANG

NXPI

On CNBC's Halftime Report, analysts shared their final trades, highlighting Diamondback Energy and NXP Semiconductors N.V. as their top picks.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 6:01 pm

PFE

Deep-pocketed investors have shown a bearish sentiment towards Pfizer (NYSE:PFE), with a significant move in options trading detected by Benzinga. The analysis of options activities suggests a price target window of $22.5 to $26.0 for Pfizer. Despite this bearish outlook, Pfizer's current stock price is $27.62, indicating a neutral position between overbought and oversold territories. Analysts have set an average price target of $45.0 for Pfizer, with Cantor Fitzgerald downgrading its action to Overweight.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 6:01 pm

MRVL

Marvell Tech (NASDAQ:MRVL) has seen significant options trading activity, with a bullish sentiment from big-money investors. Benzinga's options scanner revealed 53 unusual trades, with 56% bullish and 43% bearish sentiment. The trades suggest a target price range of $37.5 to $85.0. The volume and open interest in MRVL options have increased, with notable trades focusing on bullish call options. Marvell Tech's stock is up 4.29% at $71.78, with RSI indicators suggesting it may be approaching overbought territory. Analysts have set an average target price of $77.67, with varying ratings from Overweight to Outperform.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 6:01 pm

WU

Analyst ratings for Western Union (NYSE:WU) have varied over the last quarter, with a recent shift towards a somewhat bearish stance. The average 12-month price target has been raised to $13.00, up from $11.00, indicating an 18.18% increase. Western Union's financial performance shows a revenue decline of -4.14% over the last 3 months, but it maintains strong profitability with a net margin of 12.07% and an impressive ROE of 23.25%. However, the company faces challenges in debt management with a high debt-to-equity ratio of 5.23.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 6:01 pm

DD

In the last three months, 8 financial analysts have published diverse ratings on DuPont de Nemours (NYSE:DD), with a shift towards a more cautious stance in the last 30 days. The average 12-month price target is now $75.25, down 5.64% from the previous target. Analyst actions include both downgrades and upgrades, reflecting dynamic market conditions and DuPont's performance. Despite challenges such as a -5.23% decline in revenue growth and below-industry benchmarks in ROE and ROA, DuPont maintains a strong market presence with a superior market capitalization and efficient cost management.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 6:00 pm