Streetbeat News

Analyst Ratings

RBLX

Wedbush analyst Nick McKay has reiterated an Outperform rating on Roblox Corporation (NYSE:RBLX) and maintained a price target of $53.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:40 pm

TRNS

HC Wainwright & Co. analyst Scott Buck has reaffirmed a Buy rating on Transcat (NASDAQ:TRNS) and increased the price target from $108 to $124, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:34 pm

EA

Wedbush analyst Nick McKay has reiterated an Outperform rating on Electronic Arts (NASDAQ:EA) and maintained a price target of $162. This suggests continued confidence in the company's performance and potential for stock price growth.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:34 pm

SPY

Investors are focused on the Federal Open Market Committee (FOMC) meeting, with expectations that the Fed will maintain interest rates but may shift to a more neutral stance. Goldman Sachs predicts a rate cut in March and a total of five in 2024, while Bank of America expects a neutral guidance shift. Ed Yardeni warns against too many rate cuts, suggesting two or three would suffice. John Lynch believes a dovish Fed could lead the S&P 500 to new highs. The SPDR S&P 500 ETF Trust (SPY) is being watched closely as it trades near record levels.

Portfolio Pulse from Piero Cingari

January 31, 2024 | 2:33 pm

META

Meta Platforms Inc (NASDAQ:META) stock closed above $400 for the first time, reaching a new all-time and 52-week high of $406.36. The stock shows technical strength with a rising on-balance volume, indicating positive momentum. Meta is recognized for its social media platform, Facebook, and its ventures into augmented reality and AI, with AI being a significant investment area in 2024. Ahead of its Q4 earnings report on Feb. 1, analysts have a consensus Buy rating with a price target of $364, but recent ratings suggest higher targets, with Raymond James setting the highest at $450.

Portfolio Pulse from Surbhi Jain

January 31, 2024 | 2:31 pm

MSFT

Wedbush analyst Daniel Ives has maintained an Outperform rating on Microsoft (NASDAQ:MSFT) and increased the price target from $450 to $475.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:31 pm

SBUX

Starbucks Corp (NASDAQ:SBUX) shares rose after reporting Q1 financial results, despite missing revenue and EPS estimates. Revenue grew 8% YOY to $9.4 billion, below the $9.59 billion estimate. EPS was 90 cents, under the 93 cents forecast. Global comparable store sales increased 5%, with membership growth of 13% YOY. The company opened 549 new stores, ending with 38,587 locations. Full-year 2024 revenue growth is expected at 7-10%, with same-store sales guidance revised down to 4-6%. Analysts adjusted price targets with mixed changes.

Portfolio Pulse from Adam Eckert

January 31, 2024 | 2:22 pm

GM

Wedbush analyst Daniel Ives has maintained an Outperform rating on General Motors (NYSE:GM) and increased the price target from $40 to $45.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:16 pm

TSLA

Wedbush analyst Daniel Ives has reiterated an Outperform rating on Tesla (NASDAQ:TSLA) and maintained a price target of $315.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:15 pm

WASH

Seaport Global analyst Laurie Havener has downgraded Washington Trust Bancorp (NASDAQ:WASH) from Buy to Neutral, indicating a change in the firm's outlook on the bank's stock.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:14 pm