Streetbeat News

Analyst Ratings

RPM

BMO Capital analyst John McNulty has maintained an Outperform rating on RPM International Inc. (NYSE:RPM) and increased the price target from $125 to $127.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:44 pm

JPM

BMO Capital analyst James Fotheringham has maintained a 'Market Perform' rating on JPMorgan Chase (JPM) and increased the price target from $192 to $194.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:43 pm

FLNC

BMO Capital analyst Ameet Thakkar has upgraded Fluence Energy (NASDAQ:FLNC) from Market Perform to Outperform and set a price target of $27.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:35 pm

DDOG

BMO Capital analyst Keith Bachman has initiated coverage on Datadog (NASDAQ:DDOG) with an Outperform rating and set a price target of $140 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:32 pm

AAPL

AMZN

GOOGL

IWM

META

MSFT

NVDA

SPY

TSLA

Institutional investors are optimistic about the U.S. economy avoiding a recession in 2024, with a majority expecting a soft or no landing. The 'Magnificent Seven' tech giants (Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla) are seen as a crowded but promising trade, especially with anticipated rate cuts by the Federal Reserve. Investors are also favoring U.S. equities, particularly small caps, as evidenced by the Russell 2000's outperformance compared to the S&P 500. The BofA survey shows a low expectation of a hard landing, with the Federal Reserve and corporate earnings being key market drivers for 2024.

Portfolio Pulse from Neil Dennis

January 16, 2024 | 1:25 pm

TSLA

Wedbush analyst Daniel Ives has reiterated an Outperform rating on Tesla (NASDAQ:TSLA) and maintained a price target of $350.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:19 pm

WIT

Wedbush analyst Moshe Katri has maintained an Underperform rating on Wipro (NYSE:WIT) but increased the price target from $4 to $6. The adjustment in the price target suggests a slightly more positive outlook on the company's future performance, although the Underperform rating indicates that the analyst still expects the company to underperform the broader market.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:16 pm

INFY

Wedbush analyst Moshe Katri has reiterated an Outperform rating on Infosys (NYSE:INFY) and maintained a price target of $22.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:15 pm

XOS

Wedbush analyst Daniel Ives has maintained an Outperform rating on Xos (NASDAQ:XOS) and increased the price target from $4 to $13, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 1:10 pm