Streetbeat News

Analyst Ratings

PSNY

Bernstein analyst Daniel Roeska suggests that Polestar Automotive (PSNY) should go private, as it would be more beneficial within the Volvo Cars-Geely ecosystem. Bernstein initiated coverage with an 'underperform' rating and a target price of $1.15, a 44% downside. Polestar missed its delivery target for 2023 and expects break-even gross profit margins. The company reported a $735 million operating loss for the first nine months of 2023. Despite challenges, the CEO remains optimistic for 2024. Polestar's stock has fallen nearly 63% over the past year.

Portfolio Pulse from Anan Ashraf

January 24, 2024 | 11:10 am

PLUG

BMO Capital analyst Ameet Thakkar has downgraded Plug Power (NASDAQ:PLUG) from Market Perform to Underperform and reduced the price target from $3.5 to $2.5, indicating a bearish outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 11:06 am

SUN

Citigroup analyst Spiro Dounis upgraded Sunoco (NYSE:SUN) from Neutral to Buy and increased the price target from $54 to $65, indicating a positive outlook for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 11:03 am

WBS

JP Morgan analyst Steven Alexopoulos upgraded Webster Financial Corporation (NYSE:WBS) from Neutral to Overweight and increased the price target from $60 to $65.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 11:00 am

AMD

NVDA

Shares of Advanced Micro Devices, Inc. (AMD) experienced a strong premarket rally on Wednesday, approaching the all-time high set on the previous Friday. The surge is attributed to a positive analyst action by New Street Research analyst Pierre Ferragu, who upgraded AMD from Neutral to Buy with a $215 price target. Ferragu also commented on the potential growth in AI chip spending, which could benefit Nvidia, Inc. (NVDA) and other silicon suppliers. AMD is expected to report Q4 results soon, with analysts predicting non-GAAP EPS of 77 cents and revenue of $6.12 billion. AMD's stock rose 2.11% to $171.98 in premarket trading.

Portfolio Pulse from Shanthi Rexaline

January 24, 2024 | 10:54 am

SQSP

JMP Securities analyst Andrew Boone has upgraded Squarespace (NYSE:SQSP) from Market Perform to Market Outperform and set a price target of $40.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:53 am

FIGS

Barclays analyst Adrienne Yih has upgraded FIGS (NYSE:FIGS) from Underweight to Equal-Weight and set a price target of $7. This upgrade reflects a change in Barclays' view of FIGS' stock, suggesting a neutral stance.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:51 am

APLS

Needham analyst Joseph Stringer has reaffirmed a Buy rating on Apellis Pharmaceuticals (NASDAQ:APLS) and increased the price target from $70 to $75.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:46 am

GTHX

Needham analyst Gil Blum has reiterated a Buy rating on G1 Therapeutics (NASDAQ:GTHX) and maintained a $14 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:41 am

AMEH

Stifel analyst Craig Jones has initiated coverage on Apollo Medical Holdings (AMEH) with a Buy rating and set a price target of $45.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 10:36 am