Streetbeat News

Analyst Ratings

NFLX

Macquarie analyst Tim Nollen upgraded Netflix (NASDAQ:NFLX) from Neutral to Outperform and increased the price target from $410 to $595, indicating a positive outlook on the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:30 pm

COIN

GLD

JPMorgan downgraded Coinbase (NASDAQ:COIN) to 'Underweight' with a maintained price target of $80, citing regulatory risks and disappointing performance of Spot Bitcoin ETFs. The report acknowledges Coinbase's efforts to diversify with derivative platforms and the Layer-2 Base chain but highlights challenges from a competitive market, Binance's dominance, and ongoing SEC litigation. The analysts have adopted a 'normalized earnings' valuation approach based on cryptocurrency market capitalization.

Portfolio Pulse from Ivan Crnogatić

January 24, 2024 | 2:25 pm

TME

UBS analyst Kenneth Fong has upgraded Tencent Music Entertainment Group (TME) from Neutral to Buy and set a price target of $10.5.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:22 pm

ISRG

Piper Sandler analyst Adam Maeder has maintained an Overweight rating on Intuitive Surgical (NASDAQ:ISRG) and increased the price target from $325 to $425.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:19 pm

IPAR

Piper Sandler analyst Korinne Wolfmeyer has maintained an Overweight rating on Inter Parfums (NASDAQ:IPAR) and increased the price target from $175 to $176.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:15 pm

GSBC

Piper Sandler analyst Andrew Liesch has maintained a Neutral rating on Great Southern Bancorp (NASDAQ:GSBC) but has lowered the price target from $58 to $57.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:07 pm

FANG

Piper Sandler analyst Mark Lear has maintained an Overweight rating on Diamondback Energy (NASDAQ:FANG) but reduced the price target from $206 to $201.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:05 pm

PLUG

Roth MKM analyst Craig Irwin has maintained a Neutral rating on Plug Power (NASDAQ:PLUG) and increased the price target from $4 to $4.5.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:04 pm

EWBC

Piper Sandler analyst Matthew Clark has maintained a Neutral rating on East West Bancorp (NASDAQ:EWBC) and increased the price target from $72 to $76.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 2:03 pm

BBY

Best Buy Co (NYSE:BBY) was analyzed by 10 analysts, showing a consensus towards an 'Indifferent' rating with 9 out of 10 analysts giving such a rating in the last 30 days. The average 12-month price target is $73.8, down from $77.78, with a high estimate of $89.00 and a low of $65.00. Recent analyst actions include both raised and lowered price targets and ratings, reflecting mixed perceptions of Best Buy's current state. Best Buy reported $46.3 billion in fiscal 2023 sales and has seen a revenue decline of -7.85% as of October 31, 2023. The company's financial health is strong with a net margin of 2.7%, ROE of 9.31%, and ROA of 1.63%, and a debt-to-equity ratio of 1.43.

Portfolio Pulse from Benzinga Insights

January 24, 2024 | 2:00 pm