Streetbeat News

Analyst Ratings

LRCX

Mizuho analyst Vijay Rakesh has maintained a Buy rating on Lam Research (NASDAQ:LRCX) and increased the price target from $900 to $935.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 6:38 pm

AAL

ALK

URI

VERA

XRX

Alaska Air Group, Inc. (ALK) reported Q4 operating revenue of $2.55 billion, a 3% increase Y/Y, and an adjusted EPS of $0.30, beating consensus estimates. Shares rose 5.5%. Other stocks also saw gains, including Vera Therapeutics (VERA), AlTi Global (ALTI), and United Rentals (URI), following positive news such as earnings beats, analyst upgrades, and trial data. Xerox (XRX) and American Airlines (AAL) also moved higher after reporting their financial results.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 6:26 pm

COLB

Seven analysts have recently provided their opinions on Columbia Banking System (NASDAQ:COLB), with sentiments ranging from bullish to bearish. Over the past three months, there have been 2 somewhat bullish and 5 indifferent ratings, with no bullish or bearish ratings. The 12-month price targets show an average of $25.14, down from the previous $31.50. Analysts from firms like RBC Capital, DA Davidson, and others have adjusted their ratings and price targets, generally lowering them. Columbia Banking System is a bank holding company with a subsidiary, Columbia State Bank, offering a range of banking services. The company has shown a revenue growth of 65.54% as of September 30, 2023, a net margin of 25.88%, an ROE of 2.87%, and an ROA of 0.26%, but has a high debt-to-equity ratio of 0.98.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 6:01 pm

SCCO

TSLA

UBER

On CNBC's Halftime Report, Steve Weiss shared his final trades, which included a short position on Tesla (TSLA), and long positions on Uber Technologies (UBER) and Southern Copper (SCCO).

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 6:01 pm

INTU

Financial analysts have provided varying ratings for Intuit (NASDAQ:INTU) over the last quarter, with an average 12-month price target of $623.58, reflecting an 11.35% increase from the previous target. Recent actions by analysts mostly involve raising price targets and maintaining positive ratings. Intuit's financial performance shows a 14.67% revenue growth rate but below-average net margin, ROE, and ROA. The company has a lower debt-to-equity ratio compared to industry norms.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 6:01 pm

RMD

Analysts have updated their ratings and price targets for ResMed (NYSE:RMD) over the past three months, with a mix of bullish and indifferent stances. The average 12-month price target is now $188.0, up from $175.25, with a high estimate of $215.00 and a low of $160.00. ResMed's financial performance is strong, with a revenue growth rate of 16.0%, a net margin of 19.91%, an ROE of 5.24%, an ROA of 3.25%, and a low debt-to-equity ratio of 0.35. The company is well-positioned in the respiratory care device market, with a focus on digital health and a growing market due to increasing diagnoses of sleep apnea.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 6:00 pm

CTAS

Seven financial analysts have recently updated their ratings on Cintas (NASDAQ:CTAS), with a mix of bullish and indifferent stances. The average 12-month price target for CTAS has increased to $627.14, up from $568.67, with individual targets ranging from $585.00 to $660.00. Analysts from firms including Truist Securities, Stifel, JP Morgan, RBC Capital, and Deutsche Bank have raised their price targets, reflecting a positive outlook on the company's performance. Cintas, known for its uniform rental programs and facility services, has shown a revenue growth rate of 9.3%, a net margin of 15.7%, an ROE of 9.25%, and an ROA of 4.26%, with a debt-to-equity ratio of 0.72.

Portfolio Pulse from Benzinga Insights

January 25, 2024 | 6:00 pm

F

GM

TSLA

VWAGY

Analyst Gordon Johnson from GLJ Research criticized Tesla Inc (NASDAQ:TSLA) following their earnings report, calling the Optimus humanoid robot a 'fake' and questioning Elon Musk's ability to deliver on promises. Johnson highlighted weaker demand for EVs, Tesla's reduced growth forecast from 50% to 37%, and concerns over profitability due to falling margins, increased tax rates, and price cuts. He also mentioned that traditional carmakers like Ford (NYSE:F), General Motors (NYSE:GM), and Volkswagen (OTC:VWAGY) are scaling back EV investments due to lack of profitability.

Portfolio Pulse from Neil Dennis

January 25, 2024 | 5:50 pm

IBM

IBM's Q4 results exceeded expectations, driving its stock price up by 10.86% to $192.82. Analysts from BMO Capital Markets, Stifel, RBC Capital Markets, and BofA Securities provided insights, with some raising their price targets due to strong free cash flow guidance and revenue growth. However, concerns were noted about software weakness. IBM's guidance suggests an acceleration in FY24 compared to FY23.

Portfolio Pulse from Priya Nigam

January 25, 2024 | 5:44 pm

ISRG

Mizuho analyst Anthony Petrone has maintained a Neutral rating on Intuitive Surgical (NASDAQ:ISRG) and increased the price target from $350 to $390.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 5:15 pm