Streetbeat News

Analyst Ratings

UVSP

Piper Sandler analyst Frank Schiraldi maintains a Neutral rating on Univest Financial (UVSP) and raises the price target from $18 to $19 as of 31 January 2024.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 7:57 pm

WOLF

Piper Sandler analyst Harsh Kumar has maintained an Overweight rating on Wolfspeed (WOLF) but lowered the price target from $55 to $45 as of 31 January 2024.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 7:53 pm

BTCUSD

Macro investor Raoul Pal predicts a 60% chance that Bitcoin could reach $150,000, with a 20% chance of peaking more rapidly and then declining, and another 20% chance of reaching $250,000. This analysis follows the approval of a Bitcoin ETF, which saw an initial price drop in Bitcoin. Pal attributes this to the market needing time to absorb new capital and highlights the millennial cohort as significant, stable investors in Bitcoin. He also notes a shift in the investor base towards a more finance-oriented crowd, which could reduce Bitcoin's volatility.

Portfolio Pulse from Murtuza Merchant

February 01, 2024 | 7:50 pm

BDX

Becton, Dickinson and Company (NYSE:BDX) reported Q1 2024 earnings with an adjusted EPS of $2.68, surpassing the consensus of $2.40, but slightly missed revenue expectations with $4.71 billion against a consensus of $4.73 billion. The company's medical and interventional segments saw growth, while life sciences revenue declined. BD raised its fiscal year 2024 revenue and EPS guidance, with William Blair maintaining an Outperform rating due to confidence in BD's long-term margin expansion and achievement of its 2025 goals. BDX shares rose 1.01% to $241.23.

Portfolio Pulse from Vandana Singh

February 01, 2024 | 7:49 pm

QCOM

Piper Sandler analyst Harsh Kumar maintains an Overweight rating on Qualcomm (NASDAQ:QCOM) and raises the price target from $140 to $165 as of 31 January 2024.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 7:45 pm

NDAQ

Piper Sandler analyst Richard Repetto maintains an Overweight rating on Nasdaq (NDAQ) and raises the price target from $70 to $71 as of 31 January 2024.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 7:40 pm

AMD

Goldman Sachs analyst Toshiya Hari maintained a Buy rating on Advanced Micro Devices Inc (AMD) and raised the price target from $157 to $180, citing a near-term correction as a buying opportunity. AMD reported Q4 revenue of $6.2 billion, slightly above consensus, but adjusted EPS was below Hari's estimates. Despite expected weakness in the Gaming business, strong customer traction in the Data Center GPU business and positive revenue guidance revision are seen as positives. AMD's exposure to generative AI, server CPU market share growth, and margin expansion are highlighted as key drivers.

Portfolio Pulse from Anusuya Lahiri

February 01, 2024 | 7:39 pm

NXT

Piper Sandler analyst Kashy Harrison maintains an Overweight rating on NEXTracker (NASDAQ:NXT) and raises the price target from $60 to $63 as of 31 January 2024.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 7:38 pm

SBUX

Guggenheim analyst Gregory Francfort downgraded Starbucks' price target to $100 from $101, maintaining a Neutral rating. The downgrade follows Starbucks' Q1 revenue of $9.4 billion, missing estimates of $9.59 billion, and earnings per share of 90 cents, below the expected 93 cents. Francfort cited increased U.S. competition and slower top-line growth as reasons for lowering the 2024 adjusted EPS forecast to $4.00 from $4.05. Despite this, Starbucks shares are considered not particularly expensive at 23x C'24 EPS.

Portfolio Pulse from Nabaparna Bhattacharya

February 01, 2024 | 7:31 pm

MCHP

Smart money investors have shown a bearish stance on Microchip Technology (NASDAQ:MCHP), with unusual options activity detected. The sentiment among these investors is split, with 36% bullish and 63% bearish. Notable options trades include both puts and calls, targeting a price range of $72.5 to $110.0 for MCHP. The company, known for its microcontrollers and analog chips, has seen a recent price increase of 0.32%, with an earnings announcement expected imminently. Analyst opinions on MCHP are mixed, with price targets ranging from $80 to $105.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 7:30 pm