Streetbeat News

Analyst Ratings

CHDN

Churchill Downs (NASDAQ:CHDN) has been analyzed by 6 analysts, showing a shift from bullish to indifferent sentiment over the last three months. The average 12-month price target is now $142.17, down from $149.33. Analysts from Wells Fargo, Truist Securities, Susquehanna, JMP Securities, and Capital One have provided various ratings and price target adjustments. Churchill Downs operates in gaming, online wagering, and racing, with strong financials including a 49.44% revenue growth rate, a net margin of 10.66%, and an ROE of 7.0%, but a high debt-to-equity ratio of 5.31.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 4:00 pm

ELAN

Elanco Animal Health's stock (ELAN) is trading higher following an upgrade from Stifel, moving from a Hold to a Buy rating, with an increased price target from $13 to $20.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 3:56 pm

DT

Jefferies analyst Brent Thill has upgraded Dynatrace (NYSE:DT) from Hold to Buy and increased the price target from $50 to $70.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 3:52 pm

BAC

JPM

JPMorgan Chase & Co (JPM) stock hit a new 52-week high of $173.35, reflecting a 25% increase over the past year, largely gained in the last two months. Positive trends and a rising OBV indicator suggest further potential growth. Bank of America Corp. (BAC) Securities sees U.S. banking stocks, especially mega-cap banks, as undervalued with a 50% P/E discount to the S&P 500. Analysts are bullish on JPM with price targets of $188 and $212. JPMorgan's market share growth and operational efficiencies are expected to continue driving its stock value up.

Portfolio Pulse from Surbhi Jain

January 05, 2024 | 3:49 pm

LDTC

TD Cowen analyst Joshua Buchalter has initiated coverage on LeddarTech Holdings (NASDAQ:LDTC) with a Market Perform rating. This rating suggests that the analyst believes LDTC's stock performance will be in line with the average returns of the companies in the sector.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 3:47 pm

MPW

Medical Properties Trust (MPW) shares dropped following the announcement of its intent to recover uncollected rents and outstanding loan obligations from Steward Health Care System. Additionally, Keybanc downgraded MPW from Overweight to Sector Weight.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 3:46 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo provides daily trading levels for SPY, QQQ, AAPL, MSFT, TSLA, GOOGL, META, and NVDA based on a proprietary formula considering price, volume, and options flow. The memo outlines potential bullish and bearish price targets for each asset and advises traders to monitor these stocks closely for breakouts or reversals. The release of the Non-Farm Payrolls report is expected to significantly influence market sentiment and volatility. The memo is part of the Market Clubhouse membership, which offers daily market analysis, a watch list, and real-time trading mentorship by a professional trader known as RIPS.

Portfolio Pulse from RIPS

January 05, 2024 | 3:46 pm

KNF

B of A Securities analyst Sherif El-Sabbahy has initiated coverage on Knife River Holding (NYSE:KNF) with a Buy rating and set a price target of $81.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 3:46 pm

CRWD

CrowdStrike Holdings Inc (NASDAQ:CRWD) is named as the 'Top Pick For 2024' in cybersecurity by Oppenheimer analyst Ittai Kidron, who maintains an Outperform rating and raises the price target from $240 to $300. The company benefits from high cybersecurity spending, attractive cross-sell opportunities with Falcon Data Protection, ARR/NRR expansion, and leveraging partnerships. Despite a strong performance in 2023, further upside is expected in fiscal 2025.

Portfolio Pulse from Priya Nigam

January 05, 2024 | 3:41 pm

ADSK

Hedge funds and asset managers, including Amundi, D.E. Shaw, and Woodline Partners LP, have increased their holdings in Autodesk Inc. (NASDAQ:ADSK), with D.E. Shaw notably raising their stake by 73.96%. Autodesk reported a 10% YoY increase in Q3 FY24 revenue and raised FY24 guidance. The company is recognized for its 3D design software and operates with high margins and ROE. Management aligns with shareholder interests through share repurchases and performance-based compensation. Autodesk's financial health is solid with a strong cash position and manageable debt. However, a reverse discounted cash flow analysis suggests the current valuation may be high, with a potential 35% downside in share price.

Portfolio Pulse from Quiver Quantitative

January 05, 2024 | 3:41 pm