Streetbeat News

Analyst Ratings

APPF

Keybanc analyst Jason Celino has maintained an Overweight rating on AppFolio (NASDAQ:APPF) and increased the price target from $240 to $254.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:59 am

AMC

JBT

NOC

On CNBC's 'Mad Money,' Jim Cramer advised against investing in AMC Entertainment Holdings Inc. (NYSE:AMC), citing a decline in moviegoers and the stock's poor performance. Instead, he recommended Northrop Grumman Corporation (NYSE:NOC) and John Bean Technologies Corporation (NYSE:JBT), praising NOC's current price and JBT's position in the industrial food sector. AMC's short percent of float has increased, indicating bearish sentiment, despite a revenue increase in Q3.

Portfolio Pulse from Benzinga Neuro

January 30, 2024 | 7:03 am

AAPL

AMZN

GOOG

GOOGL

META

MSFT

NVDA

TSLA

Market strategist Jon Wolfenbarger predicts a significant stock market crash and a year-long recession, citing economic indicators like The Conference Board's Leading Economic Index and an inverted yield curve. Despite strong earnings from tech giants, he warns of overvaluation and potential new bear market lows. His view contrasts with BlackRock's recent upgrade of U.S. stocks and other analysts' mixed outlooks.

Portfolio Pulse from Benzinga Neuro

January 30, 2024 | 7:00 am

General Motors Company (NYSE:GM) is anticipated to report Q4 earnings of $1.16 per share, down from $2.12 per share a year ago, with projected revenue of $38.97 billion, a decrease from $43.11 billion. Cadillac is increasing production of the Lyriq EV. GM's stock closed up 0.3% at $35.28. Analysts have recently adjusted GM's price targets, with the most accurate analysts giving ratings ranging from Buy to Outperform and price targets between $40 and $60.

Portfolio Pulse from Avi Kapoor

January 30, 2024 | 6:56 am

MSFT

Microsoft Corp (NASDAQ:MSFT) is set to report Q2 financial results after market close on January 30. Analysts expect revenue of $61.10 billion and EPS of $2.78, with potential beats on both. Wedbush analyst Daniel Ives highlights the importance of AI and cloud growth, particularly Azure, for Microsoft's future, calling it Microsoft's 'iPhone Moment'. Other analysts also maintain positive ratings with high price targets. AI infusion in tech and concerns over deepfake AI are key topics, alongside the impact of layoffs in Microsoft's gaming division.

Portfolio Pulse from Chris Katje

January 29, 2024 | 10:39 pm

CMG

Chipotle Mexican Grill, Inc. (NYSE:CMG) shares reached a new all-time high of $2,407.15 on Monday, with the stock up nearly 50% over the past year and 5,400% overall. The surge comes ahead of the company's fourth-quarter earnings report on Feb. 6, where it is estimated to report earnings of $9.73 per share and revenue of $2.48 billion. Analysts have recently updated price targets for CMG, ranging from $2,226 to $2,800.

Portfolio Pulse from Ryan Gustafson

January 29, 2024 | 9:41 pm

ABAT

PLL

UAMY

TD Cowen downgraded Piedmont Lithium Inc. (PLL) from Outperform to Market Perform. President Biden's advisors support union jobs and U.S. steel manufacturing, affecting U.S. Steel Corporation's (X) deal with Nippon Steel. An investigation into the fairness of the deal's terms for U.S. Steel shareholders is underway. United States Antimony Corporation (UAMY) appointed Jeffrey Fink as VP and General Manager of its Bear River Zeolite operation, anticipating production improvements. American Battery Technology Company (ABAT) will discuss battery recycling at the Bloomberg New Energy Finance Summit.

Portfolio Pulse from Austin DeNoce

January 29, 2024 | 9:34 pm

AXP

Analysts have diverse opinions on American Express Co (AXP) following its 2024 guidance, with price targets ranging from $159 to $226. UBS and BMO Capital raised their price targets but maintained Neutral and Underperform ratings, respectively. Oppenheimer, Baird, Citi, Barclays, and RBC Capital provided various outlooks, with some raising price targets and others maintaining ratings. Concerns include credit quality, valuation gap, and spending growth, while positives include revenue growth from loans and card fees, and potential for mid-teens EPS growth. AXP shares closed slightly lower at $200.86.

Portfolio Pulse from Anusuya Lahiri

January 29, 2024 | 9:29 pm

YUM

Citigroup analyst Jon Tower has reaffirmed a Buy rating on Yum Brands (NYSE:YUM) and increased the price target from $155 to $164.

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 9:15 pm

General Motors Company (NYSE:GM) is set to report Q4 financial results on Jan. 30. Analysts estimate Q4 revenue at $38.97 billion and earnings per share of $1.16. GM has surpassed revenue and earnings estimates for six and five consecutive quarters, respectively. Mizuho Securities upgraded GM from Neutral to Buy with a price target increase from $38 to $42, citing cost reductions and a strategic EV ramp-up. Barclays and Wolfe Research also provided positive ratings, while Redbush Atlantic initiated with a Neutral rating. The UAW strike's impact, cost-saving measures, and EV strategy will be key topics during the earnings call. GM's Bolt was the third bestselling EV in the U.S., with sales up 65.2% year-over-year. GM has opted out of a Super Bowl ad this year, reflecting a cost-saving decision.

Portfolio Pulse from Chris Katje

January 29, 2024 | 9:11 pm