Streetbeat News

Analyst Ratings

IBKR

PNC

PRGS

QQQ

SPY

TSLA

Stock market sentiment is subdued due to bank earnings concerns and upcoming economic data. The S&P 500 is close to all-time highs, and analyst Tom Lee predicts new highs in January based on historical patterns. Futures are down in premarket trading, with SPY and QQQ ETFs declining. Boeing faces a setback with China Southern Airlines delaying a purchase, and Tesla shares are also down. Goldman Sachs, Morgan Stanley, PNC Financial Services, Interactive Brokers, and Progress Software are set to report earnings. Economic data and Fed speeches are anticipated to influence markets.

Portfolio Pulse from Shanthi Rexaline

January 16, 2024 | 12:27 pm

VCEL

HC Wainwright & Co. analyst Swayampakula Ramakanth has reaffirmed a Buy rating on Vericel (NASDAQ:VCEL) and increased the price target from $44.5 to $46.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 12:20 pm

UBER

Needham analyst Bernie McTernan has reiterated a Buy rating on Uber Technologies (NYSE:UBER) and maintained a price target of $63.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 12:17 pm

RXRX

Needham analyst Gil Blum has reiterated a Buy rating on Recursion Pharmaceuticals (NASDAQ:RXRX) and maintained a $15 price target on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 12:15 pm

GIII

Wells Fargo analyst Matthew Gulmi has downgraded G-III Apparel Group (NASDAQ:GIII) from Equal-Weight to Underweight and set a price target of $24.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 12:14 pm

RENT

Wells Fargo analyst Ike Boruchow has downgraded Rent the Runway (NASDAQ:RENT) from Overweight to Equal-Weight and set a new price target of $0.6. This reflects a more cautious stance on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 12:10 pm

LEVI

Wells Fargo analyst Ike Boruchow has downgraded Levi Strauss (NYSE:LEVI) from Overweight to Equal-Weight and set a price target of $18.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 12:06 pm

AMZN

GDDY

LHX

PZZA

SGH

Wall Street analysts have varying success rates in predicting market movements, but Benzinga's Analyst Ratings API curates high-quality stock ratings. Toggle.ai found these ratings can be used as trading indicators. The article highlights five recent stock picks from the most accurate analysts, including upgrades and maintained ratings for GoDaddy (GDDY), Amazon (AMZN), Papa John's (PZZA), L3Harris Technologies (LHX), and SMART Global Holdings (SGH), with expected upsides ranging from 11% to over 13%.

Portfolio Pulse from Avi Kapoor

January 16, 2024 | 12:06 pm

DTE

Wolfe Research analyst Steve Fleishman has downgraded DTE Energy (NYSE:DTE) from Outperform to Peer Perform, indicating a change in the firm's outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 12:04 pm

SAM

Boston Beer Co (NYSE:SAM) has been reviewed by 5 analysts in the past three months, with a consensus of indifference and a slight bearish tilt. The average 12-month price target for SAM has increased by 6.2% to $352.6. Analysts from Bernstein, Jefferies, UBS, Morgan Stanley, and Wedbush have updated their ratings and price targets, reflecting changes in market dynamics and company performance. Boston Beer has a strong market position in the U.S. beverage industry, with over 95% of sales in the U.S. Despite positive revenue growth and strong ROE and ROA, the company's net margin and market capitalization are below industry averages, and it has a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 12:01 pm