Streetbeat News

Analyst Ratings

DPZ

MCD

PZZA

QSR

YUM

Oppenheimer analyst Brian Bittner has provided his top picks for 2024 in the quick service restaurant sector, upgrading Yum! Brands (YUM) to Outperform with a $154 price target (PT) and highlighting its digital sales growth and diversified business model. McDonald's (MCD) was downgraded to Perform due to a lack of identifiable catalysts for 2024. Papa John's (PZZA) was also downgraded to Perform, with the analyst expecting lower FY24 EPS than consensus. Domino's Pizza (DPZ) is a top pick with an Outperform rating and a $470 PT, expected to outperform due to a revival story and new partnerships. Restaurant Brands International (QSR) maintains an Outperform rating and an $89 PT, with anticipated EPS growth. Sweetgreen (SG) is rated Outperform with a $15 PT, as the analyst sees a transition to sustainable EBITDA profitability starting in 2024.

Portfolio Pulse from Shivani Kumaresan

January 05, 2024 | 6:25 pm

DENN

Oppenheimer analyst Michael Tames has maintained an Outperform rating on Denny's (NASDAQ:DENN) and increased the price target from $12 to $13.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 6:23 pm

DRI

Oppenheimer analyst Brian Bittner has maintained an Outperform rating on Darden Restaurants (NYSE:DRI) and increased the price target from $185 to $186.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 6:22 pm

CRWD

Oppenheimer analyst Ittai Kidron has maintained an Outperform rating on CrowdStrike Holdings (NASDAQ:CRWD) and increased the price target from $240 to $300.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 6:20 pm

COST

Oppenheimer analyst Rupesh Parikh has maintained an Outperform rating on Costco Wholesale (NASDAQ:COST) and increased the price target from $675 to $695. This adjustment reflects a positive outlook on the company's stock performance.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 6:18 pm

CMG

Oppenheimer analyst Brian Bittner has maintained an Outperform rating on Chipotle Mexican Grill (NYSE:CMG) and increased the price target from $2225 to $2525.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 6:16 pm

AAPL

ADBE

AMZN

GOOGL

INTC

MDB

MNDY

MSFT

NVDA

Ivan Feinseth of Tigress Financial predicts AI will be the next goldrush, with every company needing to deploy AI for various business efficiencies. He quotes Tom Siebel of C3.ai, a company Feinseth invests in. Feinseth holds stocks in 'hyperscalers' like Amazon, Alphabet, and Microsoft, as well as smaller companies like MongoDB, Monday.Com, and C3.ai. He doesn't see AI as a job threat but as a tool for increased efficiency and creativity. Feinseth also sees growth potential in Intel due to its investment in new foundries and interest from companies like Apple and Nvidia.

Portfolio Pulse from Neil Dennis

January 05, 2024 | 6:14 pm

BJRI

Oppenheimer analyst Brian Bittner has maintained an Outperform rating on BJ's Restaurants (NASDAQ:BJRI) and increased the price target from $37 to $42.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 6:14 pm

AGL

ANGO

APLT

ELAN

MPW

Applied Therapeutics, Inc. (NASDAQ:APLT) shares plummeted by over 35% after announcing topline results from the ARISE-HF Phase 3 trial of AT-001, which did not meet its primary endpoint. Other stocks experienced significant movement in Friday's mid-day session, with various companies reporting gains due to positive updates, acquisitions, and earnings, while some faced declines due to negative guidance, downgrades, and public offerings.

Portfolio Pulse from Avi Kapoor

January 05, 2024 | 6:13 pm

CTO

EF Hutton analyst Michael Albanese has reiterated a Buy rating on CTO Realty Growth (NYSE:CTO) and maintained a $20 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 6:11 pm