Streetbeat News

Analyst Ratings

HAL

Susquehanna analyst Charles Minervino has maintained a Positive rating on Halliburton (NYSE:HAL) but has reduced the price target from $51 to $49.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 7:28 pm

MMM

Citigroup analyst Andrew Kaplowitz has maintained a Neutral rating on 3M (NYSE:MMM) and reduced the price target from $117 to $104.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 7:24 pm

PLUG

Plug Power shares are trading lower due to profit-taking following a 30% rally the previous day. Additionally, BMO Capital downgraded Plug Power from Market Perform to Underperform and reduced the price target from $3.5 to $2.5.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 7:21 pm

LMT

Citigroup analyst Jason Gursky has maintained a Buy rating on Lockheed Martin (NYSE:LMT) but has reduced the price target from $540 to $508.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 7:16 pm

AAPL

AMZN

GOOG

GOOGL

META

MSFT

NVDA

TSLA

TSM

The 'Magnificent Seven' tech stocks, including Alphabet (GOOG, GOOGL), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA), are leading a stock market surge, outperforming the S&P 500 with a 4.4% return this month. Investors have injected $4 billion into tech funds recently, the largest inflow since August. In 2023, these stocks doubled in value, adding $5.1 trillion to their market cap. Nvidia, in particular, is highlighted for its role in the AI-driven rally, with analysts bullish on its prospects in various tech markets. Taiwan Semiconductor (TSM) expects a 20% revenue growth, benefiting semiconductor companies like Nvidia. Despite not reaching last January's performance levels, analysts project an 8.6% average return for these stocks over the next 12 months.

Portfolio Pulse from Anusuya Lahiri

January 24, 2024 | 7:15 pm

MSFT

Citi analyst Tyler Radke has reiterated a Buy rating on Microsoft Corp (NASDAQ:MSFT) with a price target of $470, citing strong growth in Azure and AI. Radke's fieldwork suggests a solid fiscal second quarter, with high quota achievement levels from resellers. He expects Microsoft to outperform consensus estimates with projected Q2 revenue of $61.597 billion and EPS of $2.80. Microsoft's dividend yield is 0.9% as of Jan. 24, 2024. MSFT shares were up 1.07% at $403.16.

Portfolio Pulse from Anusuya Lahiri

January 24, 2024 | 7:07 pm

CMG

Citigroup analyst Jon Tower has reaffirmed a Buy rating on Chipotle Mexican Grill (NYSE:CMG) and increased the price target from $2292 to $2699, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 7:06 pm

PCAR

Four analysts have recently updated their ratings and price targets for PACCAR (NASDAQ:PCAR), with two maintaining a 'Neutral' stance and two rating it 'Overweight'. The average 12-month price target is now $110.25, up from the previous $94.67, indicating a potential upside of 16.46%. Analysts from Goldman Sachs, B of A Securities, JP Morgan, and Morgan Stanley have raised their price targets, reflecting positive sentiment towards PACCAR's financial performance, including strong revenue growth, net margin, ROE, and ROA, as well as a conservative debt management approach.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 7:00 pm

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