Streetbeat News

Analyst Ratings

ARM

Rosenblatt analyst Hans Mosesmann maintained a Buy rating on ARM Holdings Plc (NASDAQ:ARM) and increased the price target from $85 to $110, citing growth potential from generative AI design and licensing momentum. The analyst's optimism is based on recent findings from an Asia trip and SoC IP checks, expecting ARM to benefit from improved licensing and royalty dynamics. Key drivers for ARM's growth include the v9 architecture shift, AI advancements, CPU share gains in PCs and servers, and the new ARM CSS program. The analyst suggests a mid-40s P/E multiple on FY26 EPS of ~$2.50, leading to the revised price target. ARM shares were trading up by 0.82% at $72.89.

Portfolio Pulse from Anusuya Lahiri

December 26, 2023 | 7:09 pm

MPWR

NVDA

TSLA

Rosenblatt Securities analyst Hans Mosesmann reiterated a Buy rating on Monolithic Power Systems, Inc. (MPWR), raising the price target to $750 from $550 due to a strong AI roadmap and partnership with NVIDIA Corporation (NVDA). The company is expected to benefit from the power analog AI sector, sophisticated power analog and liquid cooling techniques, and its relationship with NVIDIA and other AI accelerator chip players. Additionally, Monolithic Power is likely to see dollar content expansion in automotive platforms, chasing Tesla, Inc. (TSLA) EV/autonomous driving innovation. Revenue and EPS projections for FY23, FY24, and FY25 were provided, with a price target based on a high-30's P/E multiple and a 20%+ sales CAGR.

Portfolio Pulse from Nabaparna Bhattacharya

December 26, 2023 | 6:59 pm

FPI

Raymond James analyst Buck Horne has reiterated an Outperform rating on Farmland Partners Inc (FPI) and increased the price target from $14 to $15. Despite a 10% year-over-year drop in agricultural commodity prices, U.S. farmers are experiencing strong profitability, with 2023 expected to be the third-highest year for farm income in a decade. FPI has repurchased over 11% of its shares year-to-date at $11/share and announced a special dividend of $0.21/share. The company has also completed property dispositions worth $71.1 million this quarter, with a year-to-date total of $122 million. FPI is executing a $190 million capital recycling program to leverage the difference between public valuation and private market value. Lease renewals in 2023 have seen an 18% increase year-to-date. With $163.1 million in available liquidity, FPI is well-positioned to maintain its dividend. The analyst estimates FPI's Net Asset Value/share at $16, indicating a 20% discount on the current share price, with the target price reflecting a 10% discount to NAV. FPI shares are up 1.65% at $12.97.

Portfolio Pulse from Shivani Kumaresan

December 26, 2023 | 6:51 pm

LLY

Options market analysis shows a bullish sentiment towards Eli Lilly (NYSE:LLY), with 56% of traders being bullish. Significant options trades have been observed, with a focus on strike prices ranging from $300 to $630. Eli Lilly's stock is slightly down at $568.35 with potential oversold conditions. Analysts have set an average price target of $630, with Truist Securities giving a 'Buy' rating with a $650 target and Daiwa Capital rating it 'Outperform' with a $610 target.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 6:00 pm

GRCL

BTIG analyst Justin Zelin has downgraded Gracell Biotechnologies (NASDAQ:GRCL) from Buy to Neutral, indicating a shift in the firm's outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

December 26, 2023 | 5:17 pm

ARM

Rosenblatt has reaffirmed its Buy rating on ARM Holdings (NASDAQ:ARM) and increased its price target from $85.00 to $110.00. ARM Holdings' shares are currently up 1.42% at $73.32. The new price target suggests a potential upside of 50.03%. ARM Holdings is a leading IP owner in smartphone CPUs and other battery-powered devices, licensing its ARM architecture to companies like Apple and Qualcomm.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 5:00 pm

SKWD

BMO Capital has maintained its Market Perform rating for Skyward Specialty (NASDAQ:SKWD) and increased its price target from $29.00 to $31.00. Despite the upgrade, the new target suggests a potential downside of 8.15% from the current trading price of $33.75. Skyward Specialty is a specialty insurance company offering a range of commercial property and casualty products.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 5:00 pm

ARM

Analysts have provided mixed ratings for ARM Holdings (NASDAQ:ARM) with a shift towards a more bearish sentiment over the past three months. The average 12-month price target has been decreased by 7.93% to $66.75. ARM Holdings has shown strong revenue growth of 27.94% as of September 30, 2023, but struggles with profitability and efficiency, as indicated by below industry benchmarks for net margin, ROE, and ROA. The company has a low debt-to-equity ratio, suggesting a healthy balance between debt and equity.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 5:00 pm

WGO

DA Davidson has maintained a Neutral rating for Winnebago Industries (NYSE:WGO) but raised its price target from $60.00 to $64.00. Despite the increase in the price target, it still represents an 11.37% decrease from the current trading price of $72.21. Winnebago, known for manufacturing recreational vehicles, has seen significant growth and diversification, with towables comprising 79% of RV unit volume in fiscal 2023.

Portfolio Pulse from Benzinga Insights

December 26, 2023 | 5:00 pm

AMD

INTC

NVDA

QQQ

SSNLF

TSM

AMD stock is trading higher despite production delays from suppliers Samsung and TSMC. Analysts predict a slight revenue decline for AMD in FY23. Analysts from Rosenblatt, Goldman Sachs, and B of A Securities remain bullish on AMD, citing its MI300 Data Center GPU and potential market share gains in server CPUs and the accelerator market. AMD's stock has seen a significant year-to-date increase, outperforming the Invesco QQQ Trust but trailing behind Nvidia's gains.

Portfolio Pulse from Anusuya Lahiri

December 26, 2023 | 4:28 pm