Streetbeat News

Analyst Ratings

CTVA

Berenberg analyst Aron Ceccarelli has downgraded Corteva (NYSE:CTVA) from Buy to Hold and reduced the price target from $63 to $52.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 9:53 am

SPLK

Jefferies analyst Brent Thill has downgraded Splunk (NASDAQ:SPLK) from Buy to Hold and set a price target of $157. This change reflects a more cautious stance on the company's stock by the analyst.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 9:50 am

YPF

Goldman Sachs analyst Bruno Amorim has upgraded YPF (NYSE:YPF) from Sell to Neutral and increased the price target from $8.5 to $17.1.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 9:46 am

SNPS

Keybanc analyst Jason Celino has maintained an Overweight rating on Synopsys (NASDAQ:SNPS) and increased the price target from $540 to $600.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 9:40 am

IAC

Keybanc analyst Justin Patterson has maintained an Overweight rating on IAC (NASDAQ:IAC) but reduced the price target from $72 to $68.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 9:37 am

BE

Keybanc analyst Sophie Karp has maintained an Overweight rating on Bloom Energy (NYSE:BE) and increased the price target from $19 to $20.

Portfolio Pulse from Benzinga Newsdesk

November 27, 2023 | 9:32 am

NTAP

NetApp, Inc. (NASDAQ:NTAP) is expected to report lower Q2 earnings of $1.39 per share compared to $1.48 per share a year ago, with revenue estimated at $1.53 billion. The company has renewed its collaboration with Microsoft. Ahead of the earnings call, analysts have revised their price targets and ratings for NetApp. TD Cowen and Stifel analysts maintain positive outlooks with increased price targets, while UBS, Wedbush, and Citigroup analysts remain neutral with slight price target adjustments.

Portfolio Pulse from Lisa Levin

November 27, 2023 | 9:08 am

SPY

RBC Capital Markets predicts the S&P 500 will reach a milestone of 5,000 points in 2024, a 10% increase from its last closing. This bullish outlook is supported by five models analyzing sentiment, valuation and earnings, the economy, politics, and stock-bond interrelation. The forecast aligns with other optimistic views from Wall Street, despite potential volatility from the 2024 presidential election.

Portfolio Pulse from Benzinga Neuro

November 27, 2023 | 3:31 am

JD

Brian Arcese, a portfolio manager at Foord Asset Management, remains bullish on JD.com (NASDAQ:JD) despite its share price dropping by 50% this year. On CNBC Pro Talks, he praised JD.com's growth and free cash flow yield, expressing the most conviction in it over other Chinese tech stocks like Alibaba, Baidu, and Tencent. Analysts also maintain a positive outlook, with a majority recommending a buy or overweight rating, suggesting a potential upside of around 48-54.4% from its current price.

Portfolio Pulse from Benzinga Neuro

November 27, 2023 | 2:23 am

HOUS

RDFN

RMAX

Z

Experts predict a decline in home prices due to a significant slowdown in housing activity, influenced by the Federal Reserve's anti-inflation measures leading to high mortgage rates. Mark Zandi of Moody's and Glenn Kelman of Redfin foresee a potential drop in prices, with Zandi not expecting a market recovery until 2025 or 2026. Kelman notes an increase in housing inventory and price adjustments, suggesting a possible spur in sales. ETFs like iShares U.S. Real Estate ETF and Vanguard Real Estate ETF, and stocks such as Zillow Group, Inc (Z), Redfin Corporation (RDFN), Anywhere Real Estate Inc. (HOUS), and RE/MAX Holdings, Inc. (RMAX) offer investment opportunities in the real estate sector.

Portfolio Pulse from Bibhu Pattnaik

November 25, 2023 | 7:57 pm