Streetbeat News

Analyst Ratings

BTCUSD

Chris Burniske, former crypto lead at Ark Invest, predicts Bitcoin could drop to $30,000-$36,000 and possibly mid-high $20,000s before reaching new highs. Despite a recent surge, Bitcoin had fallen nearly 20% after the debut of spot bitcoin ETFs. Analysts like Justin Bennett suggest Bitcoin could fall to $10,000-$15,000. The Bitcoin halving in April may affect profitability for Bitcoin miners. An Ethereum advocate criticized the crypto market as an 'unhinged casino'. Bitcoin trades at $41,787, up 3.99%.

Portfolio Pulse from Rounak Jain

January 27, 2024 | 8:44 am

TSLA

Fund manager David Baron predicts a 550% increase in Tesla Inc.'s (NASDAQ:TSLA) stock value by 2030, with an interim target of $300 within the next 12 months from its current price of $183.25. Despite Tesla's lower growth rate outlook for 2024 and a 13.6% stock fall since Monday, Baron remains optimistic, citing Elon Musk's leadership. Baron's fund, which holds Tesla and SpaceX as its largest assets, outperformed the S&P 500 in 2023. He also forecasts significant valuation increases for SpaceX over the next five years.

Portfolio Pulse from Anan Ashraf

January 27, 2024 | 7:35 am

NVDA

Billionaire investor Jeffrey Gundlach warns of an inevitable recession and advises investors to hold cash over overvalued stocks. He expresses skepticism about current market valuations, particularly the S&P 500 and tech stocks like Nvidia Corp. (NVDA), which have seen significant increases. Gundlach cites the inverted yield curve and the Leading Economic Index's downward trend as indicators of a looming recession and suggests the Federal Reserve should cut interest rates.

Portfolio Pulse from Rounak Jain

January 27, 2024 | 7:09 am

BTCUSD

Bitcoin (BTC) surged over 5.6% to cross the $42,000 mark, with technical analysts predicting further gains. Liquidations in the past 24 hours reached $43.35 million, with a put-to-call ratio indicating bullish sentiment. Analyst Ali Martinez noted a buy signal and a potential rise to $43,000, while Michaël van de Poppe suggested the crypto market cap could reach $2 trillion. However, some analysts, like CryptoCon and Altcoin Sherpa, remain cautious, suggesting a possible decline to the low $30,000s or further downside in the mid-term.

Portfolio Pulse from Khyathi Dalal

January 26, 2024 | 9:35 pm

BABA

MSFT

NFLX

TSLA

U.S. stock indices hit record highs, driven by AI investment enthusiasm and Fed rate cut expectations. The economy shows strong growth and easing inflation. Netflix soared after exceeding revenue expectations and announcing a WWE deal, while Tesla tumbled following disappointing quarterly results and analyst downgrades. Microsoft reached a $3-trillion valuation amid AI optimism. Alibaba surged on co-founders' share purchases and China's market support. Trump-linked stocks rose with his political momentum.

Portfolio Pulse from Piero Cingari

January 26, 2024 | 9:23 pm

ASML

ASML Holding (NASDAQ:ASML) has received mixed analyst ratings over the past three months, with 4 analysts offering bullish and somewhat bullish perspectives. The average 12-month price target is $957.0, a significant increase from the previous $782.75, indicating a positive sentiment shift. Analysts from Susquehanna, Raymond James, and JP Morgan have raised their price targets, reflecting confidence in ASML's market performance and financial health. ASML, a leader in photolithography systems for semiconductor manufacturing, shows strong financial indicators such as revenue growth, net margin, ROE, and ROA, and maintains a conservative debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 9:01 pm

HES

In the last three months, 4 analysts have published diverse ratings on Hess Corporation (NYSE:HES), with 2 bullish and 2 indifferent ratings. The average 12-month price target is $171.0, down 8.23% from previous estimates. Analysts from Susquehanna, UBS, Argus Research, and Bernstein have adjusted their price targets and ratings, reflecting changes in market conditions and company performance. Hess, an independent oil and gas producer, reported net proved reserves of 1.3 billion barrels and an average net production of 344 thousand barrels per day in 2022. The company's financials show a market cap above industry average, a revenue decline of -10.31%, a net margin of 18.0%, an ROE of 5.96%, an ROA of 2.22%, and a debt-to-equity ratio of 1.08.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 9:00 pm

V

Susquehanna analyst James Friedman has maintained a Positive rating on Visa (NYSE:V) and increased the price target from $300 to $326.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 8:49 pm

PXD

Susquehanna analyst Biju Perincheril has maintained a Neutral rating on Pioneer Natural Resources (PXD) but lowered the price target from $250 to $237.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 8:47 pm

NOC

Susquehanna analyst Charles Minervino has maintained a Positive rating on Northrop Grumman (NYSE:NOC) but has reduced the price target from $560 to $540.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 8:46 pm