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Analyst Ratings

RKLB

SPIR

Rocket Lab USA, Inc (NASDAQ:RKLB) stock surged over 9% after Citigroup analyst Jason Gursky reinstated the stock with a Buy rating and a $6 price target, citing recent capital transactions and a significant U.S. government award as positive indicators. The company's liquidity, product development, and customer adoption are highlighted as strengths. Rocket Lab expects Q4 revenues of $59 million to $61 million, with an average 1-year price target of $6.67 among analysts. Spire Global, Inc (NYSE:SPIR) was mentioned in relation to Rocket Lab's first Electron mission of 2024.

Portfolio Pulse from Anusuya Lahiri

February 12, 2024 | 7:26 pm

AZN

AstraZeneca Plc (NASDAQ:AZN) reported Q4 2023 sales of $12.02 billion, slightly below consensus, with core EPS of $1.45 missing expectations. Despite this, BMO Capital Markets remains bullish, slightly lowering its forecast but still optimistic about future growth, adjusting the target price from $82 to $80.

Portfolio Pulse from Vandana Singh

February 12, 2024 | 7:18 pm

SOFI

Deep-pocketed investors have shown a bullish sentiment towards SoFi Technologies (NASDAQ:SOFI), with a notable increase in options activity. Benzinga's tracking revealed 20 extraordinary options activities, with a 60% bullish and 40% bearish sentiment among investors. The targeted price range for SOFI over the last 3 months is between $6.0 to $17.0. The company, known for its wide range of financial services, has seen its stock price slightly decrease by -0.12%, reaching $8.12. Analyst ratings in the last month have varied, with an average target price of $8.83, but opinions range from Underweight to Buy.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 7:01 pm

RIVN

Barclays analyst Dan Levy downgraded Rivian Automotive Inc (NASDAQ:RIVN) from Overweight to Equal-Weight and lowered the price target from $25 to $16 due to broader EV market trends and specific challenges Rivian faces, including supply constraints and weak demand for its products. Despite Rivian's potential as a long-term winner in the EV space, Levy believes these issues will likely cause Rivian to miss its 2024 target of reaching gross margin profitability.

Portfolio Pulse from Adam Eckert

February 12, 2024 | 6:48 pm

LOW

Lowe's Companies, Inc. (LOW) shares are experiencing an uptick following an upgrade by JP Morgan from Neutral to Overweight, indicating a positive outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 6:37 pm

WTW

BMO Capital Markets analyst Michael Zaremski upgraded Willis Towers Watson PLC (NASDAQ:WTW) to Market Perform from Underperform, maintaining a target price of $298. The company reported Q4 adjusted EPS of $7.44, surpassing consensus but slightly missed sales expectations. Zaremski predicts Willis Towers' Risk & Broking segment will continue outperforming consensus in organic growth through the first half of FY24. Despite a shrinking market for defined benefit plans, Willis is expected to benefit from increased 'buy-out/in' activity. The analyst forecasts adjusted EPS of $16.87 in FY24 and $20.39 in FY25. WTW shares slightly dropped to $271.84.

Portfolio Pulse from Lekha Gupta

February 12, 2024 | 6:34 pm

HUBS

Whales have shown a predominantly bearish stance on HubSpot (NYSE:HUBS), with 87% of detected trades being bearish. The trading activity suggests a target price range of $540.0 to $660.0 for the next three months. Currently, HUBS is trading at $648.0, slightly up by 0.21%, with an anticipated earnings release in 2 days. Analyst opinions vary, with an average price target of $645.0, ranging from $600 to $710.

Portfolio Pulse from Benzinga Insights

February 12, 2024 | 6:31 pm

MQ

B of A Securities analyst Cassie Chan upgraded Marqeta (NASDAQ:MQ) from Neutral to Buy and set a price target of $7. This upgrade reflects a positive outlook on Marqeta's stock by the analyst.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 6:30 pm

WMT

Oppenheimer analyst Rupesh Parikh maintained an Outperform rating on Walmart Inc (NYSE:WMT) and raised the price target from $175 to $185, citing optimism for the company's future performance and potential value from the IPOs of PhonePe and Flipkart. Despite a potential below-consensus fiscal 2024 guide, Walmart remains a top pick for Parikh, with shares outperforming peers and the S&P 500. The analyst expects Q4 EPS sales to be at least in line with Street figures and projected a fiscal 2024 EPS of $6.85.

Portfolio Pulse from Anusuya Lahiri

February 12, 2024 | 6:25 pm

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