Streetbeat News

Analyst Ratings

ROK

Mizuho analyst Brett Linzey has maintained a Neutral rating on Rockwell Automation (NYSE:ROK) and lowered the price target from $300 to $265 as reported on 31 January 2024.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 3:57 pm

QCOM

Mizuho analyst Vijay Rakesh maintains a Buy rating on Qualcomm (NASDAQ:QCOM) and raises the price target from $155 to $160 as of 31 January 2024.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 3:56 pm

QRVO

Qorvo Inc (NASDAQ:QRVO) shares rose after reporting better-than-expected Q3 results, driven by content gains at major customers and strong demand from China Android OEMs. Analysts from Needham, KeyBanc, and Oppenheimer provided insights, with expectations of margin contraction in the fiscal fourth quarter due to higher cost inventories and underutilization, particularly impacting WiFi. Despite this, Qorvo's guidance for Q4 sales and earnings aligns with expectations, but gross margins are anticipated to be lower.

Portfolio Pulse from Priya Nigam

February 01, 2024 | 3:54 pm

PTC

Mizuho analyst Matthew Broome maintains a Buy rating on PTC (NASDAQ:PTC) and raises the price target from $200 to $210.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 3:54 pm

QQQ

SPY

Goldman Sachs has revised its forecast for the first Federal Reserve interest rate cut from March to May following the January FOMC meeting, where Fed Chair Jerome Powell indicated a more hawkish stance on monetary policy. This shift in expectations led to significant losses on Wall Street, with the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ) experiencing their worst trading days since September and October 2023, respectively.

Portfolio Pulse from Piero Cingari

February 01, 2024 | 3:53 pm

HUBS

RBC Capital analyst Rishi Jaluria reiterates an Outperform rating on HubSpot (HUBS) and maintains a $625 price target.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 3:52 pm

NXT

Mizuho analyst Anthony Crowdell maintains a Buy rating on NEXTracker (NASDAQ:NXT) and raises the price target from $56 to $64.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 3:52 pm

MA

Mizuho analyst Dan Dolev has maintained a Buy rating on Mastercard (NYSE:MA) and increased the price target from $462 to $480.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 3:50 pm

NXT

Nextracker Inc. (NASDAQ:NXT) shares surged after reporting Q3 earnings that doubled analyst estimates and raising its full-year 2024 revenue outlook. Earnings per share were 96 cents, surpassing the expected 48 cents. Revenue increased by 38.38% year-over-year to $710.43 million. The company now expects 2024 revenue between $2.425 billion and $2.475 billion. Following the earnings release, analysts from Goldman Sachs, Wells Fargo, and JP Morgan raised their price targets for NXT. The stock hit a 52-week high of $54.95, trading above its 50-day moving average of $43.29.

Portfolio Pulse from Erica Kollmann

February 01, 2024 | 3:49 pm

FTV

RBC Capital analyst Deane Dray has maintained a 'Sector Perform' rating on Fortive (NYSE:FTV) and increased the price target from $75 to $80.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 3:49 pm