Streetbeat News

Analyst Ratings

ARKB

MSTR

Cathie Wood, CEO of Ark Invest, remains bullish on Bitcoin despite its recent 5% decline, citing the cryptocurrency's backing by the world's largest computer network. Yassine Elmandjra of ARK Investment Management supports this view, noting Bitcoin's hash rate and performance compared to supercomputers. Wood's firm has invested in the ARK 21Shares Bitcoin ETF (ARKB), and she shares a similar sentiment to Michael Saylor of MicroStrategy (MSTR) regarding Bitcoin's value as a secure digital asset. Despite potential short-term sell pressure, the upcoming halving event is anticipated to be bullish for Bitcoin.

Portfolio Pulse from Khyathi Dalal

January 19, 2024 | 9:20 pm

ZIP

Goldman Sachs analyst Sheridan downgraded ZipRecruiter (NYSE:ZIP) from Buy to Neutral with a $15 price target, citing limited visibility into the hiring environment and expecting short-term headwinds to persist into 2024. Despite a >20% share price increase since Q3 earnings, Sheridan cut revenue assumptions and projected Q4 revenue and EPS below consensus. He acknowledged long-term positives but sees balanced risk-reward in the near term. ZIP shares fell by 2% to $14.25.

Portfolio Pulse from Mohit Manghnani

January 19, 2024 | 8:52 pm

BEN

Morgan Stanley analyst Michael Cyprys has maintained an Underweight rating on Franklin Resources (NYSE:BEN) while raising the price target from $22 to $24.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 8:45 pm

FVRR

Goldman Sachs analyst Eric Sheridan upgraded Fiverr International Ltd (NYSE:FVRR) from Neutral to Buy with a $43 price target, citing revenue re-acceleration in 2024, macro stabilization, spend per buyer growth, international progress, and adoption of Promoted Listing & Seller Plus. Sheridan also noted improvements in profitability, marketing efficiency, and AI-driven product innovation. He projected Q4 revenue and EPS above consensus at $94.8 million and $(0.06) respectively. FVRR shares rose 5.36% to $26.03.

Portfolio Pulse from Anusuya Lahiri

January 19, 2024 | 8:41 pm

QCOM

QUALCOMM Inc. shares are experiencing an uptick due to overall strength in the semiconductor sector. Canaccord Genuity has reaffirmed its Buy rating on QUALCOMM and increased the price target from $152 to $175.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 8:39 pm

IVZ

Morgan Stanley analyst Michael Cyprys has maintained an Equal-Weight rating on Invesco (NYSE:IVZ) and increased the price target from $15 to $17.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 8:36 pm

DAL

UAL

United Airlines Holdings Inc (NASDAQ:UAL) is set to report Q4 earnings on Jan. 22 with an expected EPS of $1.70 and revenues of $13.53 billion. Analysts are focusing on United's cash balance impacts from network expansion investments. The company's strategic resilience during the pandemic and aggressive growth plans for 2024 are notable. Analyst ratings are generally positive, with recent upgrades from Susquehanna and BofA Securities. UAL shares were down 2.4% at $38.78 ahead of the earnings report. Delta Air Lines Inc (NYSE:DAL) is also mentioned in relation to capacity expansion and its recent Q4 results.

Portfolio Pulse from Surbhi Jain

January 19, 2024 | 8:35 pm

JHG

Morgan Stanley analyst Andrei Stadnik has maintained an Equal-Weight rating on Janus Henderson Group (NYSE:JHG) and increased the price target from $27 to $28.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 8:30 pm

BSIG

Morgan Stanley analyst Michael Cyprys has maintained an Equal-Weight rating on BrightSphere Investment (NYSE:BSIG) and increased the price target from $20 to $22.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 8:28 pm

TROW

Morgan Stanley analyst Michael Cyprys has maintained an Equal-Weight rating on T. Rowe Price Group (TROW) and increased the price target from $101 to $106.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 8:26 pm