Streetbeat News

Analyst Ratings

SOFI

SoFi Technologies, Inc. (NASDAQ:SOFI) shares are trading higher due to overall market strength, with the S&P 500 at all-time highs. Deutsche Bank initiated coverage with a Hold rating and a price target of $11, while Mizuho maintained a Buy rating but lowered the price target from $15 to $12. SoFi's stock is down 17% year-to-date and trades below its 50-day moving average. The company is expected to report Q4 financial results on Jan. 29 with an earnings estimate of 0 cents per share and revenue of $571.489 million. SoFi does not pay dividends or have a current buyback program.

Portfolio Pulse from Erica Kollmann

January 22, 2024 | 4:47 pm

JBT

Baird analyst Mircea Dobre has reiterated an Outperform rating on John Bean Technologies (JBT) and maintained a price target of $121.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 4:46 pm

PPG

Baird analyst Ghansham Panjabi has maintained an Outperform rating on PPG Industries (NYSE:PPG) and increased the price target from $150 to $160.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 4:43 pm

CMG

Baird analyst David Tarantino has reiterated an Outperform rating on Chipotle Mexican Grill (NYSE:CMG) and maintained a price target of $2650 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 4:38 pm

BRK.A

BRK.B

C

Top analyst Mike Mayo has changed his stance on Citigroup to bullish, citing the influence of Warren Buffett as a significant investor. Buffett's involvement is seen as a positive signal for Citigroup's future prospects.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 4:36 pm

CHH

Baird analyst Michael Bellisario has reiterated an Outperform rating on Choice Hotels Intl (NYSE:CHH) and maintained a price target of $138.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 4:32 pm

AMD

INTC

NVDA

SOXX

KeyBanc Capital Markets analyst John Vinh predicts that Nvidia (NVDA) and AMD (AMD) will outperform in Q4 despite market weakness, driven by strong AI and server demand. AMD is expected to post higher results and guidance, with positive sentiment around its AI accelerator chipset MI300x and server processor Genoa. Nvidia is also anticipated to beat Q4 expectations and issue higher guidance, despite China data center GPU sales decline, due to its position in generative AI demand. Both companies have Overweight ratings from KeyBanc, with price targets of $195 for AMD and $740 for Nvidia. The iShares Semiconductor ETF (SOXX) saw a slight decline.

Portfolio Pulse from Shanthi Rexaline

January 22, 2024 | 4:26 pm

ADM

Barclays analyst Benjamin Theurer has downgraded Archer-Daniels Midland (ADM) from Overweight to Underweight and set a price target of $60. This change in rating could influence ADM's stock performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 4:11 pm

NFLX

Netflix Inc (NASDAQ:NFLX) is set to report Q4 earnings on Jan. 23 with expectations of $2.22 EPS and $8.71 billion in revenues. Analysts will focus on the impact of reduced per-member revenue and higher costs, as well as the effectiveness of 2023 strategies like password sharing crackdown and ad-based subscriptions. The stock is currently rated a Buy with a target price of $452.11, and it was trading at $488.25.

Portfolio Pulse from Surbhi Jain

January 22, 2024 | 4:08 pm

TCN

Citigroup analyst Michael Bilerman downgraded Tricon Residential (NYSE:TCN) from Buy to Neutral but increased the price target from $10.5 to $11.25.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 4:01 pm