Streetbeat News

Analyst Ratings

ANET

Arista Networks (NYSE:ANET) received mixed analyst ratings with an average 12-month price target of $243.3, a 15.13% increase from the previous target. Analysts from Keybanc, Melius Research, Morgan Stanley, Piper Sandler, Goldman Sachs, Needham, and JMP Securities have raised their price targets, indicating a positive outlook. Arista Networks, a provider of networking equipment, has shown strong financial performance with significant revenue growth, high net margin, and excellent ROE and ROA, while maintaining low debt.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 6:00 pm

IONS

Ionis Pharmaceuticals (NASDAQ:IONS) has received mixed evaluations from 8 analysts over the last three months, with ratings ranging from bullish to bearish. The average 12-month price target is $52.75, up 21.74% from the previous $43.33, with a high estimate of $62.00 and a low of $28.00. Analysts from firms including Piper Sandler, B of A Securities, Needham, Stifel, Goldman Sachs, and Morgan Stanley have updated their ratings and price targets, reflecting changes in market conditions and company performance. Ionis Pharmaceuticals specializes in antisense technology and has launched several drugs, including Spinraza and Qalsody. Despite a strong market position indicated by its market capitalization, the company has seen a -9.74% decline in revenue growth and has challenges with net margin, ROE, ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 6:00 pm

ABBV

ADSK

PFE

On CNBC's Halftime Report, the final trades segment featured recommendations for Pfizer (PFE), Autodesk (ADSK), and AbbVie (ABBV). These companies were highlighted as potential investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 6:00 pm

NFLX

Piper Sandler analyst Matt Farrell has maintained a Neutral rating on Netflix (NASDAQ:NFLX) and increased the price target from $400 to $475.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 5:56 pm

NEOG

Piper Sandler analyst David Westenberg has maintained a Neutral rating on Neogen Corporation (NASDAQ:NEOG) and increased the price target from $17.5 to $19.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 5:54 pm

IONS

Piper Sandler analyst Do Kim has maintained an Overweight rating on Ionis Pharmaceuticals (NASDAQ:IONS) and increased the price target from $60 to $62, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 5:51 pm

BFC

Piper Sandler analyst Nathan Rice has maintained a Neutral rating on Bank First (NASDAQ:BFC) and increased the price target from $88 to $93.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 5:47 pm

ARGX

Piper Sandler analyst Allison Bratzel has maintained an Overweight rating on argenx (NASDAQ:ARGX) and increased the price target from $515 to $518.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 5:45 pm

TPX

Piper Sandler analyst Peter Keith upgraded Tempur Sealy International Inc (NYSE:TPX) from Neutral to Overweight and raised the price target from $41 to $61, citing four reasons for bullishness ahead of the Mattress Firm acquisition. These reasons include expected earnings above consensus for 2024, industry demand stabilization/improvement, a strong product lineup entering 2024, and potential synergies from the acquisition. TPX shares rose 2.08% to $50.11 following the upgrade.

Portfolio Pulse from Priya Nigam

January 18, 2024 | 5:36 pm

AA

Alcoa Corp (NYSE:AA) shares fell after reporting mixed Q4 results. BMO Capital Markets analyst Katja Jancic maintained a Market Perform rating but lowered the price target from $30 to $29. The EBITDA miss was attributed to 'other corporate items,' but segment EBITDA was slightly above estimates. Despite a disappointing Q1 outlook, Alcoa outlined actions that could improve EBITDA by $645 million annually in 2024-25. Jancic revised down EBITDA and earnings estimates for Q1 and 2024.

Portfolio Pulse from Priya Nigam

January 18, 2024 | 5:35 pm