Streetbeat News

Analyst Ratings

TPX

Tempur Sealy International, Inc. (NYSE:TPX) is set to release its Q4 earnings on Feb. 8, 2024, with analysts forecasting earnings of 54 cents per share and revenue of $1.18 billion, slightly down from the previous year. Following weaker-than-expected Q3 results, TPX shares rose 1.1% recently. Analysts from Raymond James, Piper Sandler, Keybanc, Wedbush, and Truist Securities have provided updates on their ratings and price targets for TPX, with most showing optimism by raising their price targets.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 6:41 am

AMZN

GOOGL

META

MSFT

NVDA

NYCB

Major cryptocurrencies including Bitcoin, Ethereum, and Dogecoin surged amid a backdrop of strong corporate profits and increased accumulation by large holders. The surge coincides with the Nasdaq Composite and Dow Jones Industrial Average experiencing gains, driven by tech giants like Nvidia, Microsoft, and Meta Platforms. New York Community Bancorp's shares rose despite a Moody's downgrade, amidst concerns over its exposure to troubled commercial real estate loans. Analysts suggest the correction for Bitcoin may be over, indicating a potential pre-halving rally.

Portfolio Pulse from Mehab Qureshi

February 08, 2024 | 3:49 am

AAPL

AMZN

GOOGL

META

MSFT

NVDA

TSLA

Brian Belski, chief investment strategist at BMO Capital Markets, downplays the risk posed by the significant concentration of mega-cap tech stocks, including the 'Magnificent 7'. He argues that the market has historically performed well even when these stocks' outperformance begins to wane, citing the resilience of the broader market and improving earnings among the other S&P 500 stocks. Belski remains bullish on the market's prospects, setting a 2024 year-end S&P 500 price target of 5,100.

Portfolio Pulse from Benzinga Neuro

February 08, 2024 | 2:45 am

ANET

COHR

CSCO

DELL

FN

LITE

Amid concerns of a slowdown in AI projects, JP Morgan analyst Samik Chatterjee highlights a market rotation favoring Coherent Corp, Lumentum Holdings, and Cisco Systems as potential growth stocks, despite dips in Dell Technologies, Arista Networks, and Fabrinet. The shift is attributed to market share dynamics in the optics industry and strategic partnerships, like Cisco's with NVIDIA, rather than a decline in AI infrastructure deployments. Fabrinet's unique position in NVLink/InfiniBand connectivity and optimism in the Telecom sector are also noted.

Portfolio Pulse from Surbhi Jain

February 07, 2024 | 10:47 pm

FCX

IE

The global copper market is expected to see a balance in 2024 with demand recovery and supply tightening, according to JPMorgan. Key indicators include a 1.2% increase in global output and a significant drop in spot treatment charges, indicating a tight market. JPMorgan's bullish outlook is supported by a 3.5% growth in China's demand and recovery in the Rest of the World. Freeport-McMoRan Inc (FCX) and Ivanhoe Electric Inc (IE) are highlighted as U.S. traded stocks with significant upside potential.

Portfolio Pulse from Surbhi Jain

February 07, 2024 | 10:37 pm

BILL

Piper Sandler analyst Brent Bracelin has reiterated an Overweight rating on BILL Holdings (NYSE:BILL), maintaining a price target of $95.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 10:00 pm

ELF

DA Davidson analyst Linda Bolton Weiser maintains a Buy rating on e.l.f. Beauty (ELF) and raises the price target from $178 to $220 as of 6th February 2024.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:57 pm

SBH

DA Davidson analyst Linda Bolton Weiser maintains a Neutral rating on Sally Beauty Holdings (SBH) and raises the price target from $12 to $13 as of 6th February 2024.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:53 pm

ELF

Truist Securities analyst Bill Chappell has maintained a Buy rating on e.l.f. Beauty (NYSE:ELF) and increased the price target from $150 to $200 as of 6th February 2024.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:49 pm

ELF

Truist Securities analyst Bill Chappell has maintained a Buy rating on e.l.f. Beauty (NYSE:ELF) and increased the price target from $150 to $200.

Portfolio Pulse from Benzinga Newsdesk

February 07, 2024 | 9:48 pm