Streetbeat News

Analyst Ratings

VZ

Citigroup analyst Michael Rollins has reaffirmed a Buy rating on Verizon Communications (NYSE:VZ) and increased the price target from $45 to $47.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 3:21 pm

FFIV

RBC Capital analyst Matthew Hedberg has maintained a 'Sector Perform' rating on F5 Networks, Inc. (NASDAQ: FFIV) and increased the price target from $185 to $204.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 3:21 pm

INTC

QCOM

TXN

Qualcomm Inc (NASDAQ:QCOM) is set to report Q1 earnings on Jan. 31 with expectations of $2.37 EPS and $9.51 billion in revenues. Analysts are focusing on Qualcomm's growth in the automotive sector, AI capabilities, and stock valuation. The company's Snapdragon 8 Gen 3 chips and Oryon series for laptops show its competitive edge. Qualcomm's automotive business grew 23% sequentially in fiscal Q4, and its AI technology is expected to drive demand for semiconductor chips. Despite a forward P/E of 14.21, lower than peers Intel (NASDAQ:INTC) and Texas Instruments (NASDAQ:TXN), Qualcomm is seen as undervalued. Analysts maintain a Buy rating with a price target of $135.97, with recent targets up to $175. Qualcomm's stock closed at $150.44 on Jan. 29.

Portfolio Pulse from Surbhi Jain

January 30, 2024 | 3:20 pm

HOOK

RBC Capital analyst Brian Abrahams has maintained an Outperform rating on HOOKIPA Pharma (NASDAQ:HOOK) but has reduced the price target from $6 to $5.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 3:15 pm

CMCSA

Citigroup analyst Michael Rollins has reaffirmed a Buy rating on Comcast (NASDAQ:CMCSA) and increased the price target from $51 to $53, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 3:14 pm

C

Citigroup's stock (C) is trading higher following an upgrade by Morgan Stanley from Underweight to Overweight, with a price target increase from $46 to $65.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 3:14 pm

AAOI

Applied Optoelectronics Inc (NASDAQ:AAOI) is expected to see significant growth in AI optical technology sales by 2025, according to Rosenblatt Securities analyst Mike Genovese. Genovese initiated coverage with a Buy rating and a $23 price target, citing the potential for AAOI to capture over 10% of the AI 800+G Optical transceiver market, which is projected to reach $7.5 billion. He also forecasts a revenue of $485 million for AAOI in 2025, which may be conservative given the expected 40% growth rate. The company's gross margins have already expanded by more than 1,000 basis points to around 30% in 2023 and are expected to continue growing. Genovese's EPS forecast for 2025 is $1.15, which is 23% above consensus. AAOI shares were up 8.2% to $17.36 following the coverage initiation.

Portfolio Pulse from Priya Nigam

January 30, 2024 | 3:13 pm

NEE

RBC Capital analyst Shelby Tucker has reiterated an Outperform rating on NextEra Energy (NYSE:NEE) and maintained a price target of $74.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 3:11 pm

MSFT

Microsoft Corporation (NASDAQ:MSFT) is anticipated to report an increase in Q2 earnings with an expected $2.78 per share, up from $2.32 the previous year, and projected revenue of $61.10 billion. CEO Satya Nadella plans to visit India to explore AI opportunities. Shares rose 1.4% to $409.72. Analysts from Wedbush, Piper Sandler, BMO Capital, Mizuho, and Argus Research have reiterated positive ratings with price targets ranging from $420 to $455.

Portfolio Pulse from Avi Kapoor

January 30, 2024 | 3:09 pm

XEL

RBC Capital analyst Shelby Tucker has maintained a 'Sector Perform' rating on Xcel Energy (NASDAQ:XEL) and increased the price target from $67 to $68.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 3:08 pm