Streetbeat News

Analyst Ratings

COIN

Coinbase Global, Inc. (NASDAQ:COIN) CEO Brian Armstrong discussed the impact of Bitcoin ETF approvals on the company, stating it's a positive development. Despite a recent 16% drop in COIN shares post-approval, the stock is still up over 77% in the last three months. Armstrong highlighted Coinbase's role as custodian for 10 of the 13 Bitcoin ETF applications, which could bring modest custody fees. Ark Invest sold 31,281 shares of Coinbase, while Wedbush analyst Moshe Katri upgraded COIN's price target from $110 to $180, maintaining an Outperform rating.

Portfolio Pulse from Erica Kollmann

January 16, 2024 | 9:07 pm

EYPT

HC Wainwright & Co. analyst Yi Chen has maintained a Buy rating on EyePoint Pharmaceuticals (NASDAQ:EYPT) but has reduced the price target from $35 to $33.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 9:05 pm

NKTX

HC Wainwright & Co. analyst Emily Bodnar has reaffirmed a Buy rating on Nkarta (NASDAQ:NKTX) and increased the price target from $10 to $22.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 9:01 pm

LNW

Light & Wonder (NASDAQ: LNW) has been analyzed by 4 analysts, with ratings ranging from bullish to indifferent. The average 12-month price target is $90.75, up 8.04% from the previous $84.00. Analysts from Benchmark, Susquehanna, Stifel, and Truist Securities have updated their ratings and price targets, reflecting positive sentiment and market conditions. Light & Wonder, a gaming machine manufacturer and mobile game developer, shows strong financial health with a market cap above industry average, notable revenue growth, high net margin, ROE, and ROA, and a low debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 9:01 pm

EGP

EastGroup Props (NYSE:EGP) received mixed analyst ratings in the latest quarter with 1 somewhat bullish and 3 indifferent ratings. The average 12-month price target for EGP is $181.5, up 3.71% from the previous target of $175. The company has shown strong financial performance with a revenue growth of 16.61%, a net margin of 33.37%, an ROE of 2.13%, and an ROA of 1.14%. Its debt-to-equity ratio of 0.71 is below the industry average, indicating a healthy balance between debt and equity.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 9:01 pm

TEAM

Atlassian (NASDAQ:TEAM) has received mixed analyst ratings over the past three months, with 1 bullish and 4 indifferent ratings. The average 12-month price target is $206.00, slightly up from the previous $205.00. Analysts from Mizuho and Truist Securities have raised their price targets, while Scotiabank announced a new target and Piper Sandler lowered theirs. Atlassian's financial performance shows strong revenue growth but below-average net margin, ROE, ROA, and a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 9:01 pm

SPG

Simon Property Group (NYSE:SPG) has been analyzed by 6 analysts, showing a mix of ratings from bullish to indifferent. The average 12-month price target is $145.5, up 6.99% from the previous $136.00. Analysts from firms like Truist Securities, Goldman Sachs, Morgan Stanley, Piper Sandler, and Stifel have adjusted their ratings and price targets, reflecting their views on the company's market position and financial performance. Simon Property Group has a strong market cap, revenue growth, net margin, ROE, and ROA, but a high debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 9:00 pm

QLYS

Four analysts have updated their ratings and price targets on Qualys (NASDAQ:QLYS), with a mix of 'Hold' and 'Underweight' ratings. The average 12-month price target is now $149.75, up 15.64% from the previous $129.50. Qualys is a cloud security provider with a strong financial performance, including a 13.09% revenue growth, high net margin of 32.76%, and ROE of 15.51%. The company's debt-to-equity ratio is low at 0.1, indicating less reliance on debt financing.

Portfolio Pulse from Benzinga Insights

January 16, 2024 | 9:00 pm

ASPN

HC Wainwright & Co. analyst Amit Dayal has maintained a Buy rating on Aspen Aerogels (NYSE:ASPN) but reduced the price target from $30 to $20. This adjustment reflects a change in valuation while still indicating a positive outlook on the stock.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 8:59 pm

TAST

Stephens & Co. analyst Joshua Long downgraded Carrols Restaurant Group (NASDAQ:TAST) from Overweight to Equal-Weight and reduced the price target from $13 to $9.55.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 8:53 pm