Streetbeat News

Analyst Ratings

GOOGL

Wedbush analyst Scott Devitt has reiterated an Outperform rating on Alphabet Inc. (NASDAQ:GOOGL) and maintained a price target of $160. The reaffirmation of the positive outlook suggests confidence in Alphabet's future performance.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 2:02 pm

MSFT

Microsoft Corp (NASDAQ:MSFT) reported strong fiscal second-quarter results, surpassing revenue and EPS estimates. Revenue was up 18% year-over-year, with significant growth across various segments, including a 61% increase in Xbox Content and Services due to the Activision takeover. CEO Satya Nadella highlighted the application of AI at scale as a key driver. Analysts responded positively, with several raising their price targets for MSFT. Despite the positive report, MSFT shares dipped but have since partially recovered.

Portfolio Pulse from Adam Eckert

January 31, 2024 | 2:01 pm

ARE

Four analysts have recently updated their ratings on Alexandria Real Estate Equities Inc (NYSE:ARE), with two maintaining a bullish stance and two somewhat bullish. The average 12-month price target is now $143.5, down from $152.50, with a high estimate of $154.00 and a low of $140.00. Analysts from Wedbush, Deutsche Bank, Mizuho, and JMP Securities have provided their latest evaluations and price targets. Alexandria Real Estate, an urban office REIT, has shown strong financial performance with a revenue growth rate of 15.81% as of December 31, 2023, and a net margin of -11.7%. The company's debt-to-equity ratio is 0.63, below the industry average.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 2:00 pm

HOPE

Wedbush analyst David Chiaverini has maintained a Neutral rating on Hope Bancorp (NASDAQ:HOPE) but has lowered the price target from $13 to $12.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:58 pm

AX

Wedbush analyst David Chiaverini has maintained a Neutral rating on Axos Financial (NYSE:AX) and increased the price target from $59 to $62.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:54 pm

LC

Wedbush analyst David Chiaverini has reiterated an Outperform rating on LendingClub (NYSE:LC) and maintained a price target of $11. This reaffirmation of the positive outlook for LendingClub suggests confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:49 pm

MBUU

Malibu Boats, Inc. (NASDAQ:MBUU) reported Q2 earnings of $0.57 per share, surpassing estimates of $0.47, but missed revenue expectations with $211.07 million against the forecasted $219.70 million. CEO Jack Springer cited weak retail demand and elevated inventory levels due to seasonality and interest rate pressures. The company is adjusting production to match demand. Post-results, MBUU shares dropped 18.6%. Analysts at Keybanc and Raymond James lowered their price targets for MBUU, maintaining Overweight and Outperform ratings respectively.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 1:45 pm

ARE

Wedbush analyst Richard Anderson has reiterated an Outperform rating on Alexandria Real Estate (NYSE:ARE) and maintained a $140 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:45 pm

PHM

Wedbush analyst Jay McCanless has reiterated a Neutral rating on PulteGroup (NYSE:PHM) and maintained the price target of $85.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:41 pm

HNI

RGP

SWK

The article discusses three high-yielding dividend stocks in the industrials sector recommended by Wall Street's most accurate analysts. HNI Corporation (HNI) has a dividend yield of 3.03% and received a Buy rating with a price target increase from Benchmark analyst Reuben Garner. Stanley Black & Decker, Inc. (SWK) has a dividend yield of 3.40% but was downgraded to Underweight by JP Morgan analyst Michael Rehaut. Resources Connection, Inc. (RGP) offers a dividend yield of 4.14% and maintained an Underweight rating from JP Morgan analyst Andrew Steinerman. All companies have recent news affecting their performance, with HNI and RGP reporting better-than-expected earnings, while SWK reported a sales decline.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 1:39 pm