Streetbeat News

Analyst Ratings

GM

Wedbush analyst Daniel Ives has maintained an Outperform rating on General Motors (NYSE:GM) and increased the price target from $40 to $45.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:16 pm

TSLA

Wedbush analyst Daniel Ives has reiterated an Outperform rating on Tesla (NASDAQ:TSLA) and maintained a price target of $315.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:15 pm

WASH

Seaport Global analyst Laurie Havener has downgraded Washington Trust Bancorp (NASDAQ:WASH) from Buy to Neutral, indicating a change in the firm's outlook on the bank's stock.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:14 pm

AMD

Wedbush analyst Matt Bryson has reiterated an Outperform rating on Advanced Micro Devices (NASDAQ:AMD) and maintained a price target of $200.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:11 pm

VFC

Wedbush analyst Tom Nikic has maintained a Neutral rating on VF Corporation (NYSE:VFC) and increased the price target from $15 to $16.5.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:08 pm

GOOGL

Wedbush analyst Scott Devitt has reiterated an Outperform rating on Alphabet Inc. (NASDAQ:GOOGL) and maintained a price target of $160. The reaffirmation of the positive outlook suggests confidence in Alphabet's future performance.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:02 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) reported strong fiscal second-quarter results, surpassing revenue and EPS estimates. Revenue was up 18% year-over-year, with significant growth across various segments, including a 61% increase in Xbox Content and Services due to the Activision takeover. CEO Satya Nadella highlighted the application of AI at scale as a key driver. Analysts responded positively, with several raising their price targets for MSFT. Despite the positive report, MSFT shares dipped but have since partially recovered.

Portfolio Pulse from Adam Eckert

January 31, 2024 | 2:01 pm

ARE

Four analysts have recently updated their ratings on Alexandria Real Estate Equities Inc (NYSE:ARE), with two maintaining a bullish stance and two somewhat bullish. The average 12-month price target is now $143.5, down from $152.50, with a high estimate of $154.00 and a low of $140.00. Analysts from Wedbush, Deutsche Bank, Mizuho, and JMP Securities have provided their latest evaluations and price targets. Alexandria Real Estate, an urban office REIT, has shown strong financial performance with a revenue growth rate of 15.81% as of December 31, 2023, and a net margin of -11.7%. The company's debt-to-equity ratio is 0.63, below the industry average.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 2:00 pm

HOPE

Wedbush analyst David Chiaverini has maintained a Neutral rating on Hope Bancorp (NASDAQ:HOPE) but has lowered the price target from $13 to $12.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:58 pm

AX

Wedbush analyst David Chiaverini has maintained a Neutral rating on Axos Financial (NYSE:AX) and increased the price target from $59 to $62.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:54 pm