Streetbeat News

Analyst Ratings

GBTC

Jim Cramer, host of CNBC's 'Mad Money,' has expressed a bearish view on Bitcoin, coining the term 'Number Go Down' to describe its price trend. Bitcoin has fallen 20% since the launch of its spot ETFs and is currently trading below $39,000, the lowest since December 2023. Cramer doubts Bitcoin's ability to hold at $40,000 and sees further downside. The potential release of 200,000 BTC from Mt. Gox and 100,000 BTC from Silk Road seizures could add to the supply, potentially driving prices down further. This comes in contrast to the upcoming Bitcoin halving in April, which is expected to reduce supply.

Portfolio Pulse from Khyathi Dalal

January 23, 2024 | 5:14 pm

RUN

Truist Securities analyst Jordan Levy has maintained a Hold rating on Sunrun (NASDAQ:RUN) and increased the price target from $10 to $15.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 5:10 pm

SPWR

Truist Securities analyst Jordan Levy has maintained a Hold rating on SunPower (NASDAQ:SPWR) but has reduced the price target from $5 to $3.5.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 5:08 pm

SEDG

Truist Securities analyst Jordan Levy has maintained a Hold rating on SolarEdge Technologies (NASDAQ:SEDG) and increased the price target from $70 to $80.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 5:07 pm

TSLA

Tesla Inc (NASDAQ:TSLA) is set to report Q4 earnings with a focus on margin and demand guidance. Wedbush analysts support Tesla's price cuts to sustain demand but question future cost-cutting and pricing strategies. They maintain an outperform rating and a $350 price target. Tesla's stock doubled in 2023 but fell 15% since the year's start. It's the third-most shorted stock on the S&P 500. The upcoming earnings call is expected to clarify margin targets and address uncertainties affecting the stock.

Portfolio Pulse from Neil Dennis

January 23, 2024 | 5:07 pm

PLUG

Truist Securities analyst Jordan Levy has maintained a Hold rating on Plug Power (NASDAQ:PLUG) but reduced the price target from $6 to $3.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 5:05 pm

NXT

Truist Securities analyst Jordan Levy has reaffirmed a Buy rating on NEXTracker (NASDAQ:NXT) and increased the price target from $52 to $60.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 5:03 pm

GPRE

Truist Securities analyst Jordan Levy has maintained a Buy rating on Green Plains (NASDAQ:GPRE) but has reduced the price target from $40 to $35.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 5:02 pm

GBDC

Raymond James has reaffirmed its Outperform rating on Golub Capital BDC (NASDAQ:GBDC) and increased its price target from $16.00 to $16.50. GBDC's shares are currently trading at $15.53, and the new price target suggests a potential upside of 6.25%. Golub Capital BDC is an investment company focusing on income and capital appreciation through investments in U.S. middle-market companies.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 5:00 pm

BG

Barclays has reaffirmed its Overweight rating on Bunge Global (NYSE:BG) but reduced its price target from $125.00 to $115.00. Despite the lowered target, the new price still suggests a significant upside of 26.76% from the current share price of $90.72. Bunge Global is a major agribusiness and food company, with its primary revenue coming from the Agribusiness segment.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 5:00 pm