Streetbeat News

Analyst Ratings

USAP

Keybanc analyst Philip Gibbs has maintained an Overweight rating on Universal Stainless (NASDAQ:USAP) and increased the price target from $21 to $22.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 9:30 am

TSLA

Li Auto (NASDAQ:LI) has showcased the performance of its Li Mega MPV against Tesla's (NASDAQ:TSLA) Model X in a range test, where the Li Mega demonstrated superior range and charging speed. This comes after Tesla mocked Li Auto's focus on comfort features over technology. The test, conducted by automobile bloggers in China, showed the Li Mega with a real-world range of 636 kilometers, outperforming the Model X which achieved 570 kilometers. The rivalry intensifies as Chinese automakers aim to grow the NEV industry and expand globally. Goldman Sachs recently predicted a 50% increase in Li Auto's stock value.

Portfolio Pulse from Benzinga Neuro

January 25, 2024 | 9:13 am

AAPL

GOOG

GOOGL

NFLX

SPOT

Apple Vision Pro's initial sales exceeded expectations, with estimates of 180,000 units sold in the first weekend, doubling the consensus forecast of 70,000 to 80,000 units. Wedbush analysts have upgraded their 2024 sales prediction for the headset to 600,000 units, a 30% increase from the previous estimate of 460,000 units. Despite the absence of major apps like Netflix, YouTube, and Spotify, the brokerage is bullish on the product's future, expecting a broader range of more affordable models. Wedbush maintains an 'Outperform' rating on Apple with a target price of $250.

Portfolio Pulse from Rounak Jain

January 25, 2024 | 8:56 am

NOC

Northrop Grumman Corporation (NYSE:NOC) is anticipated to report lower Q4 earnings at $5.80 per share compared to $7.50 per share in the previous year. Revenue is expected to be $10.44 billion, up from $10.03 billion. The company recently tested a new rocket motor. NOC shares dropped 0.9% to $463.92. Analysts have revised price targets and ratings, with the most accurate analysts suggesting a neutral to negative outlook.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 6:40 am

AAPL

AMZN

CAT

DAL

FLR

GOOGL

LEN

META

MSFT

NVDA

PHM

TOL

TSLA

Jim Cramer, host of CNBC's 'Mad Money,' recommends investors to adapt their strategies to capitalize on market anomalies. He notes that the market has not behaved as expected in the past two years, citing the strong performance of homebuilders like Lennar Corp, Toll Brothers Inc, and PulteGroup Inc despite rate hikes, and Boeing Co's recovery amid aircraft shortages. He also mentions the 'Magnificent Seven' tech giants, including Apple, Amazon, Alphabet, Microsoft, Meta Platforms, NVIDIA, and Tesla, as driving market performance. Cramer advises buying stocks like Caterpillar Inc and Micron Technology, but suggests avoiding Delta Air Lines and Fluor Corp.

Portfolio Pulse from Benzinga Neuro

January 25, 2024 | 5:16 am

TSLA

Morgan Stanley analyst Adam Jonas maintains an overweight rating on Tesla Inc (TSLA) with a $345 price target. Despite Tesla's warning of lower volume growth in 2024, Jonas did not find new information in the Q4 call to change the bearish sentiment. He expects delivery growth to drop to 15% in 2024, down from 38% in 2023. Jonas cites potential AI developments and higher than expected capex as reasons not to bet against Tesla's shares. He adjusted revenue estimates for FY24 to $106 billion with a higher automotive gross profit and operating margin. Tesla shares closed down 0.6% and fell about 6% after hours.

Portfolio Pulse from Anan Ashraf

January 25, 2024 | 3:36 am

IBM

PLTR

RIVN

TSLA

Tesla missed Q4 revenue estimates with slower growth expected in 2024, Rivian downgraded by Deutsche Bank amid production concerns, IBM stock rose after-hours ahead of earnings report focusing on AI and cloud services, Boeing faced FAA production halt for 737 Max, and Palantir's stock declined due to competition and data privacy issues in Europe.

Portfolio Pulse from Benzinga Neuro

January 25, 2024 | 2:21 am

TMUS

Analysts from Keybanc, Oppenheimer, Raymond James, and Morgan Stanley have updated their outlook on Verizon Communications Inc (VZ) following its Q4 results and 2024 guidance. Keybanc raised its price target to $46, noting mixed Q4 results but encouraging guidance. Oppenheimer increased its price target to $48, highlighting strong momentum and positive outlook for 2024. Raymond James maintained a $46 price target, emphasizing Verizon's defensive nature and total return potential. Morgan Stanley also maintained an Overweight rating with a $44 price target, pointing to a significant beat on postpaid phone adds and positive revenue trends. The analysts' views suggest a positive impact on Verizon's stock, with a neutral to positive outlook for AT&T (T) and neutral for T-Mobile US (TMUS). Verizon's shares closed lower by 2.25% at $41.28.

Portfolio Pulse from Anusuya Lahiri

January 24, 2024 | 10:31 pm

Barclays analyst Raimo Lenschow has maintained an Equal-Weight rating on Visteon (NASDAQ:VC) but reduced the price target from $158 to $140. This adjustment reflects a more conservative valuation of Visteon's stock by Barclays.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:26 pm

TWLO

Barclays analyst Ryan Macwilliams has maintained an Equal-Weight rating on Twilio (NYSE:TWLO) and increased the price target from $60 to $70.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 9:23 pm