Streetbeat News

Analyst Ratings

AAPL

BofA Securities analyst Wamsi Mohan upgraded Apple Inc (AAPL) from Neutral to Buy and increased the price target from $208 to $225, citing a robust multi-year iPhone upgrade cycle, potential for Generative AI features, higher service growth, and strong capital returns. Mohan expects new AI-driven features to boost iPhone sales and services revenue, with higher than expected unit estimates for FY24-FY26 and raised services estimates for FY25 and FY26. He also anticipates that Apple's gross margin will remain stable or increase over time.

Portfolio Pulse from Anusuya Lahiri

January 18, 2024 | 4:21 pm

CHDN

JMP Securities analyst Jordan Bender has maintained a Market Outperform rating on Churchill Downs (NASDAQ:CHDN) and increased the price target from $146 to $148.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 4:20 pm

PSTG

Pure Storage (PSTG) shares have risen following an Overweight rating reaffirmation by Keybanc, which also increased its price target for the stock from $40 to $43.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 4:19 pm

ALNY

Cantor Fitzgerald analyst Olivia Brayer has reiterated a Neutral rating on Alnylam Pharmaceuticals (NASDAQ:ALNY) and maintained a price target of $165.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 4:17 pm

ARKK

ARKQ

ARKW

TSLA

Cathie Wood of Ark Invest has set a new price target for Tesla Inc (TSLA) at $2,000 by 2027, with a market cap of $4.4 trillion. The bear and bull cases are $1,400 and $2,500, respectively. Wood emphasizes Tesla's AI and autonomous driving technology, not just its automotive aspect. Tesla is a significant holding in ARKQ, ARKK, and ARKW ETFs. A $1,000 investment in TSLA could yield returns between 551% and 1,062.5% if Ark's targets are met.

Portfolio Pulse from Chris Katje

January 18, 2024 | 4:17 pm

ENVX

Cantor Fitzgerald analyst Derek Soderberg has reiterated an Overweight rating on Enovix (NASDAQ:ENVX) and maintained a price target of $30.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 4:16 pm

AMD

INTC

NVDA

TSM

Nvidia (NVDA) and AMD (AMD) stocks are trading higher after Taiwan Semiconductor Manufacturing Company (TSM) reported strong Q4 results, with revenue and EPS beating consensus estimates. TSMC's positive FY24 revenue growth forecast and capital budget also contributed to the optimism. Analysts highlighted Nvidia's value in the AI sector and both Nvidia and AMD's strong positioning due to their AI moat. Meetings at CES with Nvidia executives were optimistic, and the focus on AI and gaming technology at the event aligns with the companies' strategies. Nvidia plans to launch a China-specific chip by 2Q24, and India's Yotta intends to deploy Nvidia's H100s and H200s by 2025. Over the last 12 months, Nvidia's stock has surged over 228%, while AMD's has gained 134%. Wall Street analysts generally view AMD as a Buy, with Barclays' Tom O'Malley being the most optimistic.

Portfolio Pulse from Anusuya Lahiri

January 18, 2024 | 4:12 pm

QCOM

Rosenblatt analyst Kevin Cassidy has reiterated a Buy rating on Qualcomm (NASDAQ:QCOM) and maintained a price target of $160. This endorsement from a respected analyst could influence investor sentiment and potentially impact Qualcomm's stock price in the short term.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 4:07 pm

SCHW

Charles Schwab Corp (NYSE:SCHW) reported Q4 earnings that exceeded expectations with an adjusted EPS of 68 cents, surpassing the consensus of 64 cents. Analysts from JMP Securities and Keefe, Bruyette & Woods provided their perspectives, with JMP reiterating a Market Outperform rating and a $77 price target, while Keefe downgraded the stock from Outperform to Market Perform and reduced the price target from $75 to $70. The company is undergoing a balance sheet repositioning in anticipation of a 'transition year' in 2024, with expectations of long-term positive outcomes including potential share repurchase program reinstatement by end of 2024 and significant net interest margin (NIM) expansion.

Portfolio Pulse from Surbhi Jain

January 18, 2024 | 4:07 pm

BLNK

Blink Charging (NASDAQ:BLNK) has been rated by 4 analysts in the last three months, with all maintaining a bullish stance. The average 12-month price target is now $16.00, down from the previous $50.00, with a high estimate of $25.00 and a low of $7.00. The company has seen a significant revenue growth rate of 152.45% as of September 30, 2023, but struggles with a high net margin of -260.15% and low ROE and ROA figures. Blink Charging's market capitalization is below the industry average, and it has a conservative debt-to-equity ratio of 0.07.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 4:00 pm