Streetbeat News

Analyst Ratings

ADTN

ERIC

HPQ

Wall Street's most accurate analysts recommend holding three tech stocks with over 3% dividend yields: ADTRAN Holdings, Inc. (ADTN), Telefonaktiebolaget LM Ericsson (ERIC), and HP Inc. (HPQ). These recommendations come during a period of market turbulence, highlighting the value of high-yield dividend stocks. ADTN announced its Q4 financial results release date, ERIC secured funding agreements with the EIB, and HP reported a 6.5% Y/Y decrease in Q4 net revenue but still beat consensus.

Portfolio Pulse from Avi Kapoor

February 01, 2024 | 12:31 pm

EXTR

Extreme Networks, Inc. (NASDAQ:EXTR) reported mixed Q2 FY24 results with a revenue decline of 6.9% Y/Y to $296.37 million, slightly above consensus but with an adjusted EPS miss. The company forecasts lower than expected revenue and EPS for Q3 and Q4, attributing challenges to the final stages of COVID-induced supply chain constraints. Shares fell 18.8% following the announcement. Analysts from UBS and Needham revised their price targets and ratings for EXTR.

Portfolio Pulse from Avi Kapoor

February 01, 2024 | 12:28 pm

AAPL

AMZN

META

QQQ

SPY

Nasdaq futures rebounded as traders anticipate strong earnings from tech giants Meta, Amazon, and Apple. The market reacted negatively to disappointing earnings from Alphabet, Microsoft, and AMD, and a hawkish Fed stance. The S&P 500 and Nasdaq Composite hit two-week lows. Analysts highlight the 'January Barometer' predicting a positive market trend for the year. SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket gains. Several companies, including Qorvo and Lucid Group, showed significant premarket movements.

Portfolio Pulse from Shanthi Rexaline

February 01, 2024 | 12:27 pm

CFLT

Needham analyst Mike Cikos has reiterated a Buy rating on Confluent (NASDAQ:CFLT) and maintained a $30 price target on the stock.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:27 pm

BHE

Needham analyst James Ricchiuti maintains a Buy rating on Benchmark Electronics (NYSE:BHE) and raises the price target from $30 to $31.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:25 pm

CNMD

Needham analyst Mike Matson maintains a Buy rating on Conmed (NYSE:CNMD) and raises the price target from $119 to $129.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:22 pm

NYCB

New York Community Bancorp (NYSE:NYCB) reported Q4 financial results below expectations, with a revenue of $740 million against an estimate of $811.07 million and an adjusted loss of 27 cents per share versus expected earnings of 28 cents per share. The company also announced a $552 million provision for loan losses and reduced its quarterly dividend to 5 cents per share. Following the report, NYCB shares dropped 37.7% to $6.47. Analysts from RBC Capital, Jefferies, and Raymond James subsequently downgraded the stock and lowered their price targets.

Portfolio Pulse from Avi Kapoor

February 01, 2024 | 12:16 pm

MXL

Needham analyst Quinn Bolton maintains a Buy rating on MaxLinear (NASDAQ:MXL) but lowers the price target from $28 to $25.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:10 pm

QRVO

Needham analyst Quinn Bolton has reiterated a Buy rating on Qorvo (NASDAQ:QRVO) and maintained a $125 price target.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:09 pm

MAMA

Roth MKM analyst George Kelly initiates coverage on Mama's Creations (NASDAQ:MAMA) with a Buy rating and a price target of $6.

Portfolio Pulse from Benzinga Newsdesk

February 01, 2024 | 12:05 pm