Streetbeat News

Analyst Ratings

SPY

Jeremy Siegel, a well-known market analyst, has expressed a positive outlook on the market, predicting an 8-10% gain in the S&P 500 index for the current year.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 8:21 pm

GBTC

Oliver Renick from Schwab Network suggests Bitcoin ETFs are being used by 'whales' as an exit strategy rather than an entry point for traditional investors. Market dynamics have shifted, with strong cash flow, profits, and dividends driving outperformance. Bitcoin, lacking these fundamentals, stands out as a risky asset. Despite the introduction of Spot ETFs, Bitcoin's integration into the financial system hasn't led to widespread adoption by traditional investors. The price of Bitcoin has declined despite substantial inflows into ETFs like Grayscale's Bitcoin Trust (GBTC), indicating a disconnect. Technical and market challenges make a bullish case for Bitcoin difficult.

Portfolio Pulse from Murtuza Merchant

January 26, 2024 | 8:16 pm

PINS

Evercore ISI Group analyst Mark Mahaney has maintained an Outperform rating on Pinterest (NYSE:PINS) and increased the price target from $45 to $50.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 8:14 pm

SHW

Evercore ISI Group analyst Greg Melich has maintained an Outperform rating on Sherwin-Williams (NYSE:SHW) and increased the price target from $355 to $360. This adjustment reflects a positive outlook on the company's stock performance.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 8:11 pm

PANW

Evercore ISI Group analyst Peter Levine has maintained an Outperform rating on Palo Alto Networks (NASDAQ:PANW) and increased the price target from $315 to $405.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 8:08 pm

LMT

Lockheed Martin (NYSE:LMT) has seen significant options trading activity, with a mix of bearish and bullish sentiment among investors. Analysis of 14 trades shows 42% bullish and 57% bearish positions, with an equal number of puts and calls traded. Whales target a price range of $400 to $660 for LMT over the next 3 months. The stock is currently trading at $429, down 0.47%, with neutral RSI indicators. Analysts have varying ratings on LMT, with a consensus target price of $499.2. Notable ratings include RBC Capital's Sector Perform at $470, Susquehanna's Positive at $540, Citigroup's Buy at $508, Morgan Stanley's Equal-Weight at $503, and UBS's Neutral at $475.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 8:00 pm

HFWA

DA Davidson analyst Jeff Rulis has maintained a Buy rating on Heritage Financial (NASDAQ:HFWA) but has reduced the price target from $24 to $23.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 8:00 pm

SAP

SAP (NYSE:SAP) has been analyzed by 4 analysts, showing a positive sentiment shift with 2 bullish, 1 somewhat bullish, and 1 indifferent rating. The average 12-month price target for SAP is now $194.0, up 18.29% from the previous $164.0. Analysts from Barclays, Goldman Sachs, and BMO Capital have raised their price targets, reflecting optimism in SAP's market performance. Financial insights reveal SAP's strong net margin and ROA, but lower ROE compared to industry benchmarks, and a healthy debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 26, 2024 | 8:00 pm

TCBK

DA Davidson analyst Jeff Rulis has maintained a Buy rating on TriCo Bancshares (NASDAQ: TCBK) but has reduced the price target from $49 to $45.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 7:58 pm

BWB

DA Davidson analyst Jeff Rulis has reaffirmed a Buy rating on Bridgewater Bancshares (NASDAQ:BWB) and increased the price target from $15 to $16.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 7:55 pm