Streetbeat News

Analyst Ratings

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

DVN

Financial analysts have observed a bearish trend in options trading for Devon Energy (NYSE:DVN), with a mix of bullish and bearish sentiments among traders. The analysis highlighted unusual trades, predicting a price range for DVN between $37.5 and $52.5. Devon Energy, a major North American exploration and production company, has seen its stock price slightly increase, with professional analysts maintaining optimistic target prices despite the bearish options sentiment.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 7:30 pm

ALGN

Piper Sandler analyst Jason Bednar maintains an Overweight rating on Align Technology (ALGN) and raises the price target from $290 to $335 as of 31 January 2024.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 7:22 pm

ZG

Piper Sandler analyst Thomas Champion maintains an Overweight rating on Zillow Group (ZG) and raises the price target from $58 to $70.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 7:19 pm