Streetbeat News

Analyst Ratings

TXRH

Wedbush analyst Nick Setyan maintains an Outperform rating on Texas Roadhouse (NASDAQ:TXRH) and raises the price target from $130 to $145.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:20 pm

CMG

Citigroup analyst Jon Tower has maintained a Buy rating on Chipotle Mexican Grill (CMG) and increased the price target from $2699 to $3016.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:19 pm

CMG

Wedbush analyst Nick Setyan reiterates a Neutral rating on Chipotle Mexican Grill (CMG) and maintains a $2400 price target.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:17 pm

COHR

Benchmark analyst Mark Miller maintains a Buy rating on Coherent (NYSE:COHR) and raises the price target from $40 to $65, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:11 pm

AMD

NVDA

SMCI

Morgan Stanley analyst Joseph Moore has reiterated an Overweight rating on Nvidia Corp (NVDA) and increased the price target to $750 from $603, citing significant growth and robust near-term results. Despite initial concerns, Nvidia's valuation and demand for GPU cloud instances indicate exceptional results in the coming quarters. Advanced Micro Devices, Inc (AMD) and Super Micro Computer, Inc (SMCI) also contributed to Nvidia's strong performance. Moore projects FY24 revenue and EPS significantly higher than previous estimates.

Portfolio Pulse from Anusuya Lahiri

February 07, 2024 | 7:10 pm

SPOT

Benchmark analyst Matthew Harrigan has maintained a Buy rating on Spotify Technology (NYSE:SPOT) and increased the price target from $260 to $290.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:09 pm

APTV

Morgan Stanley downgraded Aptiv PLC (NYSE:APTV) to Underweight from Equal-Weight and lowered its price target to $74 from $90, following Aptiv's Q4 FY23 results. The company reported a 6% year-over-year net sales growth to $4.92 billion, missing the consensus of $5.07 billion, but its adjusted EPS of $1.40 beat the consensus of $1.33. Aptiv's FY24 net sales forecast is $21.3 billion-$21.9 billion versus the consensus of $21.61 billion, with adjusted EPS of $5.55 – $6.05 against the consensus of $5.78. The downgrade reflects concerns over slowing EV demand and OEMs' willingness to produce them, impacting Aptiv's growth-over-market assumption.

Portfolio Pulse from Lekha Gupta

February 07, 2024 | 7:08 pm

ARWR

Citigroup analyst Shawn Egan has maintained a Neutral rating on Arrowhead Pharma (NASDAQ:ARWR) and increased the price target from $33 to $34.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:07 pm

FTNT

Scotiabank analyst Patrick Colville has maintained a Sector Outperform rating on Fortinet (NASDAQ:FTNT) and increased the price target from $70 to $90.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 7:02 pm

AZPN

In the latest quarter, Aspen Technology (NASDAQ:AZPN) received mixed analyst ratings, with a total of 4 analysts providing their perspectives. The average 12-month price target for AZPN is $201.75, marking a 6.18% increase from the previous target of $190.00. Analyst actions included maintaining, raising, and announcing ratings with price targets ranging from $196.00 to $213.00. Aspen Technology's financials show challenges, including a -0.6% revenue growth and a net margin of -13.85%, indicating potential difficulties in profitability and cost control.

Portfolio Pulse from Benzinga Insights

February 07, 2024 | 7:00 pm