Streetbeat News

Analyst Ratings

FFIV

Needham analyst Alex Henderson has reaffirmed a Buy rating on F5 Networks, Inc. (NASDAQ:FFIV) and increased the price target from $200 to $220.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:13 am

AMD

INTC

NVDA

Ahead of AMD's Q4 earnings report, analysts have raised expectations due to the company's AI prospects, potentially challenging Nvidia. AMD's stock rose 20.6% in January, but questions remain if it can sustain this growth. KeyBanc expects higher Q4 results based on strong server demand, while Intel's recent revenue miss and weak guidance caused its shares to drop. AMD's MI300X AI accelerator chips are gaining traction, but there's potential weakness in the Client segment. Susquehanna revised AMD's price target from $170 to $210, focusing on the MI300 narrative. AMD's premarket shares were down 0.90% at $176.23.

Portfolio Pulse from Shanthi Rexaline

January 30, 2024 | 11:13 am

ENVB

HC Wainwright & Co. analyst Vernon Bernardino has initiated coverage on Enveric Biosciences (NASDAQ:ENVB) with a Buy rating and set a price target of $10.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:11 am

G

Mizuho analyst Dan Dolev has initiated coverage on Genpact (NYSE:G) with a Neutral rating and set a price target of $40 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:03 am

GLOB

Mizuho analyst Dan Dolev has initiated coverage on Globant (NYSE:GLOB) with a Buy rating and set a price target of $283.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:01 am

ACN

Mizuho analyst Dan Dolev has initiated coverage on Accenture (NYSE:ACN) with a Buy rating and set a price target of $426.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 11:00 am

WAL

Wells Fargo analyst Jared Shaw has downgraded Western Alliance (NYSE:WAL) from Overweight to Equal-Weight while raising the price target from $62 to $72.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 10:53 am

AAPL

META

KeyBanc Capital Markets analyst Justin Patterson has reiterated an Overweight rating on Meta Platforms, Inc. (META) and increased the price target by 22% from $380 to $465 ahead of Q4 results. The optimism is based on the strength of Meta's ad products, particularly Reels, and a potential recovery in the ad market. KeyBanc expects Q4 revenue of $39.9 billion, a 24% year-over-year growth, and earnings per share of $5.30. Patterson also provided forward-looking estimates and areas of focus for the earnings call, including AI ambitions, Reels, Facebook Reality Labs (FRL) division, and efforts to boost Threads engagement. Meta shares saw a slight increase in premarket trading.

Portfolio Pulse from Shanthi Rexaline

January 30, 2024 | 10:53 am

ENFN

JP Morgan analyst Alexei Gogolev has downgraded Enfusion (NYSE:ENFN) from Neutral to Underweight and reduced the price target from $11 to $9.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 10:47 am

RTX

Barclays analyst David Strauss has maintained an Equal-Weight rating on Raytheon Technologies Corporation (RTX) and increased the price target from $75 to $90.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 10:43 am