Streetbeat News

Analyst Ratings

SCWO

Maxim Group analyst Tate Sullivan has initiated coverage on 374Water (NASDAQ:SCWO) with a Buy rating and set a price target of $3. This new coverage could influence investor sentiment and potentially impact the stock's performance in the short term.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 4:14 pm

RKT

Rocket Companies' stock (RKT) trades lower following downgrades by Keefe, Bruyette & Woods and Wells Fargo. Keefe, Bruyette & Woods downgraded RKT from Market Perform to Underperform with a $10.75 price target, while Wells Fargo shifted from Overweight to Equal-Weight.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 4:13 pm

PCT

Craig-Hallum analyst Eric Stine has downgraded PureCycle Technologies (NASDAQ:PCT) from Buy to Hold and set a new price target of $4. The downgrade reflects a more cautious stance on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 4:10 pm

ACR

DHC

HPP

MAC

OPI

PKST

RMR

December saw a significant rally in REITs, attributed to the Federal Reserve's pause on interest rate hikes and anticipated rate cuts in 2024. Office REITs and mortgage REITs (mREITs) performed exceptionally well, with some experiencing over 20% gains. Hudson Pacific Properties (HPP) led the surge with a 53.66% return, followed by Macerich Co. (MAC), Peakstone Realty Trust (PKST), Acres Commercial Realty Corp. (ACR), and Office Properties Income Trust (OPI). Analyst upgrades and internal corporate actions, such as share repurchase programs and management changes, contributed to the positive performance of these REITs.

Portfolio Pulse from Ethan Roberts

January 03, 2024 | 4:05 pm

GOTU

Gaotu Techedu's stock (GOTU) is trading higher following an upgrade from Citigroup, changing its rating from Sell to Buy and increasing the price target from $2.48 to $4.5.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 4:03 pm

SHOP

Benzinga's options scanner detected 23 unusual options trades for Shopify (NYSE:SHOP), indicating a predominantly bullish sentiment among big-money investors, with 69% bullish and 30% bearish. The trades suggest a target price range of $35.0 to $81.0 for the next three months. The volume and open interest for these options trades are also notably high. Currently, SHOP's stock price is down by -1.82%, with a neutral RSI and the next earnings report due in 42 days.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 4:01 pm

CPE

Callon Petroleum (NYSE:CPE) has been analyzed by 4 financial analysts, showing a shift towards a more bearish sentiment with a decrease in the average price target by 14.13% to $41.5. The company faces challenges in revenue growth, profitability, and returns, with a recent revenue decline of -25.91% and below-average net margin, ROE, and ROA. Despite this, Callon maintains a balanced debt approach with a debt-to-equity ratio of 0.5. Analysts' ratings range from 'Neutral' to 'Outperform' with price targets between $40.00 and $44.00.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 4:01 pm

HCAT

Health Catalyst (NASDAQ:HCAT) received mixed analyst ratings over the past three months, with 4 somewhat bullish and 2 indifferent ratings. The average 12-month price target is $10.83, down from $12.33, with a high estimate of $12.00 and a low of $8.00. Analysts from Evercore ISI Group, Piper Sandler, JP Morgan, Stifel, and RBC Capital have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Health Catalyst's financial performance shows a revenue growth rate of 7.93%, a net margin of -29.86%, an ROE of -5.71%, an ROA of -3.07%, and a debt-to-equity ratio of 0.65.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 4:00 pm

BJRI

BJ's Restaurants (NASDAQ:BJRI) received mixed analyst ratings in the latest quarter, with 10 analysts providing various stances. The average 12-month price target is $31.6, with a high of $41.00 and a low of $23.00, marking a slight decrease from the previous average of $32.17. Analysts from firms like Barclays, Piper Sandler, Stephens & Co., Wedbush, Benchmark, and Citigroup have made adjustments to their ratings and price targets. BJ's Restaurants has shown a revenue growth of 2.34% as of September 30, 2023, but lags behind industry peers. The company has a net margin of -1.19%, an ROE of -1.05%, an ROA of -0.37%, and a debt-to-equity ratio of 1.26.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 4:00 pm

MXL

MaxLinear (NASDAQ:MXL) has been evaluated by 10 analysts over the last three months, with a mix of bullish to bearish sentiments. The average 12-month price target for MXL is now $26.5, down from the previous $36.11, indicating a 26.61% decline. Several analysts from firms like Wells Fargo, Stifel, Benchmark, Susquehanna, Roth MKM, and Deutsche Bank have lowered their price targets for MXL. MaxLinear faces revenue challenges with a -52.57% decline over 3 months and has a net margin of -29.39%, but a relatively healthy debt-to-equity ratio of 0.23.

Portfolio Pulse from Benzinga Insights

January 03, 2024 | 4:00 pm