Streetbeat News

Analyst Ratings

ADI

Cantor Fitzgerald analyst C J Muse has initiated coverage on Analog Devices (NASDAQ:ADI) with a Neutral rating and set a price target of $205.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:43 am

SLNO

Stifel analyst Dae Gon Ha has initiated coverage on Soleno Therapeutics (NASDAQ:SLNO) with a Buy rating and set a price target of $63.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:39 am

INBX

JMP Securities analyst Reni Benjamin has downgraded Inhibrx (NASDAQ:INBX) from Market Outperform to Market Perform, indicating a change in the firm's outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:34 am

PWSC

Piper Sandler analyst Arvind Ramnani has reiterated an Overweight rating on PowerSchool Holdings (NYSE:PWSC) and maintained a price target of $28. This reaffirmation of the stock's potential could influence investor sentiment and stock performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 9:31 am

AMD

FB

MSFT

NVDA

AMD's stock surged by nearly 130% in 2023 due to demand for AI GPUs, but faces uncertainty after a downgrade by Northland Capital Markets analyst Gus Richard. The downgrade reflects concerns over inflated expectations for AI chip market growth, with Richard skeptical of the high revenue forecasts and noting market distortions from Nvidia's dominance and U.S. chip export bans to China. Despite recent highs, AMD's future in the AI chip market is now less certain.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 8:03 am

MSTR

Jim Cramer, CNBC host, expressed a bearish view on Bitcoin, calling it a 'tough own' and doubting its price recovery. MicroStrategy CEO Michael Saylor responded, defending Bitcoin's resilience. Bitcoin's price fell below $40,000, impacting the wider crypto market. Ethereum also saw a downturn. The market corrections follow the launch of spot Bitcoin ETFs in the U.S. Cramer had previously acknowledged Bitcoin's endurance when its price surged past $45,000.

Portfolio Pulse from Mehab Qureshi

January 23, 2024 | 7:22 am

FFND

TSLA

Morgan Stanley analyst Adam Jonas lowered his 2024 adjusted EPS estimate for Tesla from $2.41 to $1.98, below the consensus estimate of $3.82, and reduced the price target from $380 to $345. Gary Black of Future Fund, who is bullish on Tesla and holds it in the Future Fund Active ETF (FFND), criticized Jonas' estimates as being inconsistent with his second-highest price target among analysts. Tesla is expected to report Q4 earnings soon, and its performance may influence its current trading range.

Portfolio Pulse from Shanthi Rexaline

January 23, 2024 | 7:13 am

AAPL

J.P. Morgan analysts have advised investors to focus on customer feedback and future supply chain plans for Apple Inc.'s (NASDAQ:AAPL) new product, the Apple Vision Pro, rather than lead times. Despite the device's pre-orders pushing shipping dates to March and April, analysts believe that the early demand may not accurately reflect the device's popularity. They emphasize the importance of consumer experience and supply chain feedback for the Vision Pro 2. The Apple Vision Pro, priced at $3,499, has seen a surge in pre-orders and is considered a significant step for Apple into virtual reality.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 6:51 am

NVDA

Analysts at Melius Research suggest that Nvidia (NASDAQ:NVDA) could experience an Apple-like transformation by focusing more on software and services. They note that Nvidia's software business, including the AI supercomputer DGX Cloud, is expected to generate significant revenue and provide long-term margin support. This shift could lead to a higher valuation for Nvidia's stock due to the premium typically assigned to software earnings. The company's strategic positioning in AI and partnerships with cloud service providers like Microsoft and Oracle are contributing to its growth and market leadership.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 6:06 am

GE

General Electric Company (NYSE:GE) is anticipated to report lower Q4 earnings at 90 cents per share, down from $1.24 per share year-over-year, with projected revenue of $17.42 billion compared to $21.79 billion. GE is also involved in investigations related to a Boeing 747 engine malfunction. The stock closed up 1.1% at $131.23. Analysts from JP Morgan, RBC Capital, Citigroup, Barclays, and Morgan Stanley have provided ratings and adjusted price targets for GE.

Portfolio Pulse from Avi Kapoor

January 23, 2024 | 5:56 am