Streetbeat News

Analyst Ratings

ADTN

Needham analyst Ryan Koontz has reiterated a Buy rating on Adtran (NASDAQ:ADTN) and maintained a $9 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 11:15 am

SATS

JP Morgan analyst Philip Cusick has initiated coverage on EchoStar (NASDAQ:SATS) with a Neutral rating and set a price target of $18 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 11:13 am

ETWO

Morgan Stanley analyst Chris Quintero has initiated coverage on E2open Parent Holdings (NYSE:ETWO) with an Equal-Weight rating and set a price target of $4.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 11:11 am

SEDG

Barclays analyst Christine Cho downgraded SolarEdge Technologies (NASDAQ:SEDG) from Equal-Weight to Underweight and reduced the price target from $74 to $50, indicating a bearish outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 11:07 am

AMD

CAMT

COHR

MRVL

NVDA

NXPI

SOXX

WDC

Barclays analyst Tom O'Malley remains positive on semiconductor stocks levered to the '2nd Wave of AI' despite viewing the sector as expensive on 2024 estimates. He prefers names like AMD, Camtek, Coherent, Marvell Technology, NXP Semiconductor, and Western Digital, upgrading ratings and price targets. AMD is expected to lead in AI revenue, potentially overcoming Nvidia's software barrier. The iShares Semiconductor ETF (SOXX) also saw a recent uptick.

Portfolio Pulse from Shanthi Rexaline

January 17, 2024 | 11:07 am

AXL

UBS analyst Joseph Spak has downgraded American Axle & Mfg Hldgs (NYSE:AXL) from Neutral to Sell and reduced the price target from $8 to $6.5.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 11:05 am

ANSS

Wolfe Research analyst Joshua Tilton has downgraded Ansys (NASDAQ:ANSS) from Outperform to Peer Perform, indicating a change in the firm's view of the stock's expected performance relative to its peers.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 11:01 am

AXNX

Needham analyst Mike Matson has downgraded Axonics (NASDAQ:AXNX) from Buy to Hold, indicating a shift in the firm's outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 11:01 am

ANSS

Rosenblatt analyst Blair Abernethy has downgraded Ansys (NASDAQ:ANSS) from Buy to Neutral, while increasing the price target from $332 to $345. This reflects a more cautious stance on the stock despite a slight increase in the expected share price.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 11:00 am

ALLK

Jefferies analyst Kevin Strang has downgraded Allakos (NASDAQ:ALLK) from Buy to Hold and reduced the price target from $6 to $1.5, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 17, 2024 | 10:56 am