Streetbeat News

Analyst Ratings

MCHP

Goldman Sachs analyst Toshiya Hari maintains a Neutral rating on Microchip Technology (MCHP) and lowers the price target from $87 to $77.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:48 pm

SM

RBC Capital analyst Scott Hanold has reiterated a 'Sector Perform' rating on SM Energy (NYSE:SM) and maintained a $45 price target.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:46 pm

UBER

Recent options trading activity indicates a bearish sentiment towards Uber Technologies (NYSE:UBER), with 66% of trades being bearish. The trading volume and open interest analysis suggest a targeted price range of $40.0 to $80.0 for UBER over the last 3 months. The company, a major player in ridesharing and food delivery, operates in over 63 countries. Despite the bearish options sentiment, UBER's stock is slightly up by 0.31%, trading at $68.28. Analysts have set an average price target of $73.0, with ratings ranging from Outperform to Buy.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 3:46 pm

ASML

Financial analysts have observed a bullish trend in options trading for ASML Holding (NASDAQ:ASML), with a significant number of trades indicating a positive outlook. The analysis of 24 unusual trades showed a majority bullish sentiment, with 15 calls valued at $975,946 outperforming 9 puts worth $670,685. The price target for ASML is set between $580.0 and $1250.0, based on trading volumes and open interest. Notable options activity includes both bullish and bearish sentiments with varying strike prices and expiration dates. ASML, a leader in photolithography systems for semiconductor manufacturing, is currently trading at $884.0, down by -0.75%, with an RSI suggesting potential overbought conditions. Analysts from Susquehanna and Raymond James have issued positive ratings, with target prices ranging from $850 to $1100. The company's anticipated earnings release is in 72 days.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 3:45 pm

GWW

RBC Capital analyst Deane Dray maintains a Sector Perform rating on W.W. Grainger (NYSE:GWW) and raises the price target from $809 to $907.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:43 pm

PLRX

Pliant Therapeutics' stock price is trading lower following HC Wainwright's decision to maintain a Buy rating but reduce its price target from $52 to $48.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:39 pm

REGN

RBC Capital analyst Brian Abrahams has maintained an Outperform rating on Regeneron Pharmaceuticals (NASDAQ:REGN) and increased the price target from $1076 to $1110.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:35 pm

ANET

Arista Networks (NYSE:ANET) has seen a significant surge in options activity, with an unusual split of 50% bullish and 50% bearish sentiment among big-money traders. The options scanner revealed 16 uncommon trades, with a focus on a price band between $220.0 and $300.0. The largest trades include both puts and calls, with varying sentiments and strike prices. Arista Networks, a provider of networking equipment, has its stock price slightly up by 0.93% at $275.64, with an earnings announcement expected in 7 days. Market experts have issued positive ratings, with a consensus target price of approximately $297.67.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 3:31 pm

AVGO

Deep-pocketed investors are showing a bearish sentiment towards Broadcom (NASDAQ:AVGO), with a significant move detected by Benzinga's options scanner. The scanner revealed 38 unusual options activities, with a bearish majority of 63%. The focus is on a price band between $660.0 and $1480.0. Despite this, the current market status shows AVGO's price slightly down by -0.19% at $1222.0, with potential overbought signals. Analysts have recently downgraded their ratings but still maintain a target price around $1308.33.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 3:31 pm

RGA

RBC Capital analyst Scott Heleniak has maintained an Outperform rating on Reinsurance Group of America (RGA) and increased the price target from $170 to $185.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 3:30 pm