Streetbeat News

Analyst Ratings

CRM

JMP Securities analyst Patrick Walravens has reiterated a 'Market Outperform' rating on Salesforce (NYSE:CRM) and maintained a price target of $293.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 8:13 pm

FWRD

Stifel analyst J. Bruce Chan has maintained a Hold rating on Forward Air (NASDAQ:FWRD) but has reduced the price target from $80 to $55.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 8:09 pm

SGMT

JMP Securities analyst Jonathan Wolleben has maintained a Market Outperform rating on Sagimet Biosciences (NASDAQ:SGMT) and increased the price target from $31 to $47.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 8:06 pm

AAPL

AMZN

GOOG

META

MSFT

NVDA

TSLA

Jim Cramer has suggested removing Tesla Inc (TSLA) from the 'Magnificent Seven', a group of mega-cap tech stocks, renaming it the 'Super Six'. This comes as Tesla shares have dropped approximately 16% in 2024 and are in a downtrend since late 2021. Morgan Stanley analyst Adam Jonas cut Tesla's earnings, margins, and free cash flow estimates ahead of its quarterly results. Tesla's operating margins have also decreased significantly year-over-year. Investors are awaiting Tesla's earnings report, with expectations of 74 cents per share on $25.547 billion in revenue.

Portfolio Pulse from Adam Eckert

January 22, 2024 | 8:05 pm

TCBI

Texas Capital Bancshares (NASDAQ:TCBI) received mixed ratings from 10 analysts in the past three months, with an average 12-month price target of $68.3, a slight decline from the previous average. Ratings range from 'Overweight' to 'Neutral', with recent actions including both raised and lowered price targets. The company faces challenges with a negative revenue trend, below-average net margin, ROE, and ROA, and a high debt-to-equity ratio. Analysts' ratings are based on in-depth financial analysis and market conditions.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 8:01 pm

ALTM

Arcadium Lithium (NYSE:ALTM) has received mixed analyst ratings in the last three months, with 2 somewhat bullish and 2 indifferent ratings. The average 12-month price target is now $8.32, significantly lower than the previous $30.00, indicating a bearish sentiment shift. Arcadium Lithium, a lithium producer from the Allkem-Livent merger, faces revenue challenges but has strong profitability indicators like net margin and ROE.

Portfolio Pulse from Benzinga Insights

January 22, 2024 | 8:01 pm

ALTM

Macquarie analyst Austin Yun has initiated coverage on Arcadium Lithium (NYSE:ALTM) with an Outperform rating and set a price target of $7.3.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 7:55 pm

ADM

Archer-Daniels-Midland Company (NYSE:ADM) placed its CFO on leave amid an investigation into accounting practices. The company updated its FY23 EPS outlook to above $6.90, below consensus of $7.28, and withdrew its nutrition segment outlook. ADM delayed its earnings release due to the investigation. Baird downgraded ADM from Outperform to Neutral with a price target of $61, citing the current financial figures as too high and noting potential downside risks. ADM shares are down 23.40% at $52.22.

Portfolio Pulse from Vandana Singh

January 22, 2024 | 7:52 pm

DNUT

Capital One analyst Dan Guglielmo has initiated coverage on Krispy Kreme (NASDAQ:DNUT) with an Equal-Weight rating and set a price target of $16 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 7:51 pm

TSLA

Tesla Inc (NASDAQ: TSLA) is set to report Q4 financial results after market close on Jan. 24. Analysts expect $25.547 billion in revenue and 74 cents EPS. Tesla missed Q3 estimates but beat Q4 delivery estimates. Key focuses include margins, Cybertruck, FSD updates, and U.S. EV market share. Gene Munster predicts Cybertruck deliveries at 35,000 units in 2024. Adam Jonas lowered Tesla's price target from $380 to $345, citing an unfavorable EV market. Daniel Ives praised Q4 deliveries and predicts a sub-$30k Tesla vehicle by end of 2024. Shareholders are interested in the next-gen vehicle launch, Cybertruck orders, FSD V12 timeline, and Tesla Semi production. Musk's AI initiatives and potential increased ownership in Tesla are also in focus.

Portfolio Pulse from Chris Katje

January 22, 2024 | 7:50 pm