Streetbeat News

Analyst Ratings

LLY

Barclays analyst Geoff Meacham maintains an Overweight rating on Eli Lilly (LLY) and raises the price target from $680 to $810.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:57 pm

AMZN

GOOG

GOOGL

META

SNAP

Snap Inc's Q4 revenue missed estimates, causing its stock to plummet over 35%. Despite beating earnings per share estimates, analysts remain cautious, awaiting consistent execution. The company faces challenges from infrastructure investments, rising marketing expenses, and competition from larger platforms like Alphabet, Meta Platforms, and Amazon.com. Analysts from JPMorgan, Stifel, Truist Securities, and Oppenheimer provided mixed outlooks, highlighting the need for improved execution and market share recovery.

Portfolio Pulse from Surbhi Jain

February 07, 2024 | 7:55 pm

CMG

Barclays analyst Jeffrey Bernstein has maintained an Equal-Weight rating on Chipotle Mexican Grill (CMG) and increased the price target from $2246 to $2400.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:52 pm

XYL

Citigroup analyst Andrew Kaplowitz maintains a Neutral rating on Xylem (NYSE:XYL) and raises the price target from $122 to $126.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:50 pm

CMG

TD Cowen analyst Andrew Charles has maintained an Outperform rating on Chipotle Mexican Grill (CMG) and increased the price target from $2650 to $2900.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:49 pm

LLY

Eli Lilly (NYSE:LLY) reported a Q4 2023 revenue of $9.35 billion, a 28% increase Y/Y, surpassing the consensus of $8.93 billion. This growth was driven by higher prices, increased volume, and favorable foreign exchange rates. New Products revenue, led by Mounjaro and Zepbound, grew to $2.49 billion. The company also announced positive results from the SYNERGY-NASH Phase 2 study of tirzepatide. However, Verzenio did not meet its primary endpoint in the CYCLONE-2 study. Analysts from BMO Capital, Morgan Stanley, BofA Securities, and Truist have raised their price targets for LLY, citing strong growth potential and recent successes.

Portfolio Pulse from Vandana Singh

February 07, 2024 | 7:49 pm

LBRDK

Citigroup analyst Michael Rollins has maintained a Buy rating on Liberty Broadband (NASDAQ:LBRDK) but has lowered the price target from $108 to $83.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:45 pm

SPOT

Pivotal Research analyst Jeffrey Wlodarczak maintains a Buy rating on Spotify Technology (SPOT) and raises the price target from $265 to $330.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:44 pm

PERI

Needham analyst Laura Martin has reiterated a Buy rating on Perion Network (NASDAQ:PERI), maintaining a $35 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:41 pm

IHG

Societe Generale analyst Sabrina Blanc downgraded InterContinental Hotels (NYSE:IHG) from Buy to Hold, indicating a more cautious outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:38 pm