Streetbeat News

Analyst Ratings

ANET

Keybanc analyst Thomas Blakey has maintained an Overweight rating on Arista Networks (NYSE:ANET) and increased the price target from $232 to $287.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:21 pm

PINS

Argus Research analyst Jim Kelleher has upgraded Pinterest (NYSE:PINS) from Hold to Buy and set a price target of $45.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:15 pm

NAMS

Guggenheim analyst Debjit Chattopadhyay has initiated coverage on NewAmsterdam Pharma (NASDAQ:NAMS) with a Buy rating and set a price target of $30.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:11 pm

CART

UBER

Uber Technologies Inc (NYSE:UBER) is rumored to be considering an acquisition of Instacart (NASDAQ:CART), as per Wolfe Research analyst Deepak Mathivanan. Instacart's stock spiked by 6.7% to $25.48 after the analyst upgraded its rating to Outperform with a target price of $35, citing the company's attractive valuation and potential synergies with Uber. The acquisition could help Uber quickly enter the $1 trillion grocery sector with minimal regulatory risk. Instacart, which went public as Maplebear, has been under pressure but is expected to remain a key industry player.

Portfolio Pulse from Benzinga Neuro

January 18, 2024 | 12:09 pm

JKHY

Citigroup analyst Andrew Schmidt has initiated coverage on Jack Henry & Associates (JKHY) with a Neutral rating and set a price target of $177.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:07 pm

WFC

Odeon Capital analyst Dick Bove has downgraded Wells Fargo (NYSE:WFC) from Buy to Hold and set a price target of $48.8.

Portfolio Pulse from Benzinga Newsdesk

January 18, 2024 | 12:00 pm

TPX

Analysts have provided diverse opinions on Tempur Sealy Intl (NYSE:TPX) with 5 somewhat bullish ratings in the past quarter. The average 12-month price target is $53.00, with a high of $61.00 and a low of $48.00, reflecting a 9.28% increase from the previous target of $48.50. Analysts from Piper Sandler and Keybanc have raised their price targets, while Wedbush has both maintained and lowered theirs. Tempur Sealy faces revenue challenges with a slight decline but shows strong profitability and financial health with high net margin and ROE, despite a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 12:00 pm

ADBE

Adobe (NASDAQ:ADBE) received mixed analyst ratings with 13 analysts offering their perspectives in the past three months. The average 12-month price target for Adobe is $654.54, marking a 5.21% increase from the previous target of $622.14. Analysts from firms like Exane BNP Paribas, Piper Sandler, Barclays, RBC Capital, Stifel, Citigroup, BMO Capital, KGI Securities, Oppenheimer, and DA Davidson have provided various ratings and adjusted their price targets. Adobe's financial performance shows a market cap above industry average, a revenue growth rate of 3.23%, a net margin of 29.38%, an ROE of 9.18%, an ROA of 5.04%, and a low debt-to-equity ratio of 0.25.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 12:00 pm

HTZ

Analysts have provided mixed ratings for Hertz Global Holdings (NASDAQ:HTZ) with 2 somewhat bullish and 2 indifferent ratings. The average 12-month price target is $14.00, with a high of $16.00 and a low of $10.00, marking a 19.22% decrease from the previous average. Adam Jonas of Morgan Stanley lowered his rating and price target, while Lizzie Dove of Goldman Sachs announced a neutral rating with a $10.00 price target. Hertz's financials show strong revenue growth, net margin, ROE, and ROA, but a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 18, 2024 | 12:00 pm

GBTC

Peter Schiff, a gold advocate, agrees with JP Morgan CEO Jamie Dimon's view that Bitcoin has no value. Dimon, speaking at a CNBC event in Switzerland, expressed his intention to stop discussing Bitcoin, which he associates with illegal activities, but acknowledged the validity of blockchain technology. Schiff predicts a decline in Bitcoin's price, citing that sales of Bitcoin and outflows from Grayscale's Bitcoin Trust (GBTC) exceed the inflows from new Bitcoin ETFs. Schiff also expects stringent regulations from SEC Chairman Gary Gensler, which could increase Bitcoin transaction costs and negatively impact its price.

Portfolio Pulse from Mehab Qureshi

January 18, 2024 | 11:56 am