Streetbeat News

Analyst Ratings

ARRY

Mizuho analyst Maheep Mandloi has initiated coverage on Array Technologies (NASDAQ: ARRY) with a Neutral rating and set a price target of $19 for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 9:05 am

SRPT

Wedbush analyst Andreas Argyrides has initiated coverage on Sarepta Therapeutics (NASDAQ:SRPT) with an Outperform rating and set a price target of $224.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 9:02 am

ZION

Citigroup analyst Keith Horowitz has downgraded Zions Bancorp (NASDAQ:ZION) from Buy to Neutral and set a price target of $37.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 8:57 am

PLTK

Citigroup analyst Jason Bazinet has upgraded Playtika Holding (NASDAQ:PLTK) from Neutral to Buy and set a price target of $11.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 8:54 am

XYL

Deutsche Bank analyst Andy Krill has upgraded Xylem (NYSE:XYL) from Hold to Buy and increased the price target from $104 to $120, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 8:50 am

PPBI

Raymond James analyst David Feaster has maintained a Strong Buy rating on Pacific Premier Bancorp (NASDAQ:PPBI) and increased the price target from $23 to $26.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 8:45 am

AAPL

KeyBanc Capital Markets analyst Brandon Nispel maintains a Sector Weight rating on Apple Inc. (AAPL), expressing concerns over Apple's hardware sales growth in its fiscal first quarter of 2024. Despite a 6% month-over-month drop in indexed spending in October, which is better than the three-year average, Nispel believes that lower upgrade rates and softer customer demand will pressure hardware revenues. KeyBanc maintains its below-consensus estimates and a fair value of $182 for Apple stock, which is currently trading at overbought levels with a relative strength index around 70.

Portfolio Pulse from Shanthi Rexaline

November 21, 2023 | 6:59 am

TSLA

Tesla CEO Elon Musk responded with a clown emoji to Jefferies analyst Philippe Houchois' recommendation to shelve the Cybertruck, calling it an 'off-mission product'. Houchois sees 2024 as a 'lost year' for Tesla's growth and suggests canceling the Cybertruck could help Tesla refocus. Despite this, Houchois maintains a Neutral rating on Tesla stock but lowered the price target from $250 to $210. Tesla is set to launch the Cybertruck on November 30, with reports indicating only a few units may be delivered at the event. Tesla's stock closed up 0.55% at $235.60.

Portfolio Pulse from Shanthi Rexaline

November 21, 2023 | 5:27 am

DIS

DKNG

PDYPY

PENN

DraftKings Inc (NASDAQ:DKNG) maintains a Buy rating and a $50 price target from Needham analyst Bernie McTernan, despite the launch of ESPN Bet by PENN Entertainment (NASDAQ:PENN), which licenses the ESPN brand from The Walt Disney Company (NYSE:DIS). McTernan believes the promotions by ESPN Bet are in line with the industry and unlikely to significantly alter the competitive landscape. DraftKings' market share is not expected to be heavily impacted, and the company is seen as a leader in the North America online gambling market. DraftKings' stock has recently hit a new 52-week high and is up over 250% year-to-date.

Portfolio Pulse from Chris Katje

November 20, 2023 | 10:10 pm

ARKK

BLK

Bernstein analysts predict Bitcoin's market cap could exceed $3 trillion by mid-2025, citing low churn rates, the upcoming Bitcoin halving, new FASB accounting guidelines, potential approval of a U.S.-listed spot Bitcoin ETF, and its use as a hedge against currency debasement. The SEC is engaging with asset managers like BlackRock and Ark Invest on ETF applications.

Portfolio Pulse from Murtuza Merchant

November 20, 2023 | 9:52 pm