Streetbeat News

Analyst Ratings

VERX

Analysts have mixed views on Vertex (NASDAQ:VERX), with 6 recent ratings ranging from bullish to indifferent. The average 12-month price target is $30.33, up 19.74% from the previous $25.33. Analysts from Citigroup, BMO Capital, Goldman Sachs, Morgan Stanley, Raymond James, and Needham have updated their ratings and price targets, reflecting their latest views on the company's performance. Vertex's financials show a positive revenue trend with a growth rate of 14.88%, a net margin of -2.34%, an ROE of -1.52%, an ROA of -0.47%, and a low debt-to-equity ratio of 0.31.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 9:01 pm

EW

Edwards Lifesciences (NYSE:EW) has been rated by 14 analysts in the last three months, with a diverse range of opinions. The average 12-month price target is now $76.71, down from the previous $85.58. Recent analyst actions include both upgrades and downgrades, with price targets ranging from $57.00 to $85.00. Edwards Lifesciences, known for its medical devices for structural heart disease, shows strong financial performance with a high net margin and ROE, but its revenue growth lags behind the Health Care sector average.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 9:00 pm

MRVL

Marvell Tech (NASDAQ:MRVL) has been analyzed by 13 analysts, showing a range of opinions. The average 12-month price target is $72.69, up from the previous $70.62. Analysts from firms like Citigroup, Barclays, and UBS have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Marvell Tech, a fabless chip designer, faces challenges with a -7.72% revenue decline, a net margin of -11.58%, and an ROE of -1.07%. Despite this, its debt-to-equity ratio of 0.29 suggests a balanced approach to debt management.

Portfolio Pulse from Benzinga Insights

January 12, 2024 | 9:00 pm

CHK

SWN

Chesapeake Energy Corp (CHK) shares rose after Citigroup and Mizuho upgraded the stock post its merger with Southwestern Energy Co (SWN). The all-stock deal is valued at $7.4 billion and is expected to yield $400 million in annual synergies, being accretive to financial metrics. Mizuho upgraded CHK to Buy with a $104 target, citing the creation of a shale gas leader and significant cost synergies. Citigroup also upgraded to Buy with a $95 target, highlighting scale and efficiency benefits. B of A Securities maintained a Buy rating with a $120 target, considering the synergies conservative and expecting outperformance due to market changes and competitive scale. CHK's stock is up 3.25% at $82.21.

Portfolio Pulse from Lekha Gupta

January 12, 2024 | 8:34 pm

NFLX

Oppenheimer analyst Jason Helfstein upgraded Netflix Inc's (NASDAQ:NFLX) price target from $475 to $600, a 26% increase, due to surging ad Monthly Active Users (MAUs). MAUs have grown to over 23 million, up from 15 million in November and 5 million in May. This growth suggests higher than expected 4Q net adds and potential for continued subscriber growth into 2024. Helfstein raised his 4Q and FY24 net adds estimates and increased revenue and EBITDA forecasts for FY24 and FY25. He also introduced FY26 estimates and maintained an Outperform rating for NFLX.

Portfolio Pulse from Anusuya Lahiri

January 12, 2024 | 8:31 pm

AXNX

Truist Securities analyst David Rescott has downgraded Axonics (NASDAQ:AXNX) from Buy to Hold and reduced the price target from $73 to $71.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 8:29 pm

VERX

Citigroup analyst Steven Enders has maintained a Neutral rating on Vertex (NASDAQ:VERX) but has lowered the price target from $29 to $27.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 8:26 pm

SWN

Citigroup analyst Paul Diamond has reaffirmed a Buy rating on Southwestern Energy (NYSE:SWN) and increased the price target from $8.00 to $8.24.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 8:24 pm

SIRI

Citigroup analyst Jason Bazinet has maintained a Sell rating on Sirius XM Holdings (NASDAQ:SIRI) but increased the price target from $3.6 to $4.1.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 8:22 pm

NRDS

Citigroup analyst Peter Christiansen has maintained a Neutral rating on Nerdwallet (NASDAQ:NRDS) and increased the price target from $11 to $16.

Portfolio Pulse from Benzinga Newsdesk

January 12, 2024 | 8:20 pm