Streetbeat News

Analyst Ratings

ZUO

Goldman Sachs analyst Adam Hotchkiss has reaffirmed a Buy rating on Zuora (NYSE:ZUO) and increased the price target from $10 to $12.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 6:51 pm

VINP

Goldman Sachs analyst Tito Labarta has maintained a Buy rating on Vinci Partners Investments (VINP) but has reduced the price target from $17 to $15.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 6:49 pm

STEM

Goldman Sachs analyst Brian Lee has maintained a Buy rating on Stem, Inc. (NYSE:STEM) but has reduced the price target from $7 to $6. This adjustment reflects a change in valuation while still indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 6:47 pm

SPT

Goldman Sachs analyst Chris Merwin has reaffirmed a Buy rating on Sprout Social (NASDAQ:SPT) and increased the price target from $65 to $81. This adjustment reflects a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 6:45 pm

SEDG

Goldman Sachs analyst Brian Lee has reiterated a Sell rating on SolarEdge Technologies (NASDAQ:SEDG) and reduced the price target from $83 to $71.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 6:43 pm

BTCUSD

Arthur Hayes, CEO of BitMex, predicts Bitcoin will find a local bottom between $30,000 and $35,000 before the BTFP renewal decision on March 12th. He supports his prediction with a technical analysis, indicating a 30% correction from the ETF approval high of $48,000. Hayes has acted on his prediction by purchasing $35,000 strike puts for March 2024 and selling his positions in Solana and Bonk. The Bank Term Funding Program's renewal is seen as a significant factor for Bitcoin's price, with potential market tightening if not renewed. Hayes' comments have drawn skepticism on social media, with comparisons to Jim Cramer.

Portfolio Pulse from Khyathi Dalal

January 24, 2024 | 6:38 pm

ARKK

ARKW

MMM

SPY

TXN

Cathie Wood, the investor behind ARK Invest, predicts that the Federal Reserve will cut interest rates to stop a 'rolling recession' and counter deflationary pressures. She believes that interest rates will drop sooner and more sharply than anticipated, which will support company valuations. Wood mentioned 3M Co and Texas Instruments as examples of companies facing macroeconomic challenges. Her ETFs, ARKK and ARKW, have outperformed the SPY over the past year.

Portfolio Pulse from Chris Katje

January 24, 2024 | 6:26 pm

DHI

LEN

PHM

D.R. Horton Inc's (NYSE:DHI) Q4 results showed revenue growth but lower net earnings and margins due to sales incentives. Analysts gave mixed reviews, with Keefe, Bruyette and Woods maintaining an Outperform rating and Wedbush rating it Neutral with a $115 price target. D.R. Horton's stock dropped over 10%, affecting other homebuilders like Lennar (NYSE:LEN) and Pulte Group (NYSE:PHM). Consumer credit is stretched, with higher credit card spending reported by major banks. Mortgage rates have decreased, and further rate cuts by the Fed could lead to a modest housing recovery, but the outlook remains uncertain.

Portfolio Pulse from Neil Dennis

January 24, 2024 | 6:19 pm

SEMR

Goldman Sachs analyst Christopher Merwin has maintained a Neutral rating on SEMrush Holdings (SEMR) and increased the price target from $10 to $12.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 6:18 pm

QTWO

Goldman Sachs analyst Adam Hotchkiss has reaffirmed a Buy rating on Q2 Holdings (NYSE:QTWO) and increased the price target from $39 to $51, signaling confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 6:16 pm