Streetbeat News

Analyst Ratings

ZI

Citigroup downgraded ZoomInfo Technologies (NASDAQ:ZI) from its previous rating to Sell, adjusting the price target from $20.00 to $13.00. Following this downgrade, ZoomInfo's shares dropped 3.53% to $14.77. A further decline to the new target would represent an 11.98% decrease. ZoomInfo provides a cloud-based intelligence platform mainly for sales and marketing teams, with most revenue coming from the U.S.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 5:00 pm

BBD

Goldman Sachs has reaffirmed its Sell rating on Bank Bradesco (NYSE:BBD), reducing the price target from $3.20 to $2.80. Despite this, Bank Bradesco's shares remained stable over the last 24 hours at $2.83. The new price target suggests a slight potential decline of 1.06% from the current price. Bank Bradesco, Brazil's second-largest private bank and leading insurance provider, acquired HSBC's Brazilian operations in 2016.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 5:00 pm

CURV

B. Riley Securities analyst Jeff Lick initiates coverage on Torrid Holdings (NYSE:CURV) with a Buy rating and a price target of $7.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:57 pm

YTEN

Lake Street analyst Ben Klieve downgrades Yield10 Bioscience (YTEN) from Buy to Hold and sets a new price target of $0.5.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:50 pm

ARM

Arm Holdings PLC (NASDAQ:ARM) shares surged following strong fiscal third-quarter results, driven by accelerated AI and royalty revenue growth. Analysts from Mizuho Securities, JPMorgan, BofA Securities, KeyBanc Capital Markets, Goldman Sachs, and Needham provided positive outlooks, with several raising their price targets. The company's royalty revenues exceeded expectations, and the adoption of its next-generation v9 platform along with strong cloud growth contributed to the positive performance. The transition from ARMv8 to ARMv9 is expected to drive higher royalty rates and expand ARM's reach across various applications.

Portfolio Pulse from Priya Nigam

February 08, 2024 | 4:44 pm

CLF

Argus Research analyst David Coleman has downgraded Cleveland-Cliffs (NYSE:CLF) from Buy to Hold, indicating a shift in the firm's outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:39 pm

NYCB

DA Davidson analyst Peter Winter downgrades New York Community (NYSE:NYCB) from Buy to Neutral and lowers the price target from $8.5 to $5.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:38 pm

NLY

JonesTrading analyst Matthew Erdner maintains a Buy rating on Annaly Capital Management (NLY) and raises the price target from $18 to $21.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:33 pm

WBD

Financial analysts have observed a bullish trend in options trading for Warner Bros. Discovery (NASDAQ:WBD), with 80% of trades showing bullish sentiment. The trading activity focuses on a price range between $2.5 and $15.0. Warner Bros. Discovery, formed from the merger of WarnerMedia and Discovery Communications, operates in studios, networks, and direct-to-consumer segments. The stock is currently trading at $9.88, up 1.33%, with an anticipated earnings release in 15 days. Analysts have set an average target price of $12.33, with varying ratings from Neutral to Outperform.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 4:32 pm

TMUS

Tigress Financial analyst Ivan Feinseth maintains a Buy rating on T-Mobile US (TMUS) and raises the price target from $204 to $205.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 4:31 pm