Streetbeat News

Analyst Ratings

ARM

Wells Fargo analyst Gary Mobley initiated coverage on Arm Holdings Plc (NASDAQ:ARM) with an Overweight rating and a $70 price target. The positive outlook is based on the company's growth potential, with revenue and adjusted EPS CAGR rates of 18% and 35% to 2027, respectively, and expected operating margin expansion to 54%. As a result, ARM shares saw an increase of 5.73% to $58.14.

Portfolio Pulse from Anusuya Lahiri

November 20, 2023 | 6:44 pm

ARGT

BA

C

MSFT

NVDA

PARA

PENN

USO

XLE

XLK

U.S. stocks are trading higher, with major indices in the green. The U.S. dollar index has fallen to its lowest since August. Oil prices have rallied, with WTI surpassing $78 per barrel ahead of an OPEC+ meeting. The Energy Select Sector SPDR Fund (XLE) is up 0.5%. Treasury yields are flat. Tech stocks lead gains, with the Technology Select Sector SPDR Fund (XLK) up 1%. Microsoft hired former OpenAI executives, boosting its shares by 2%. Nvidia (NVDA) is up 1% before its earnings release. Citigroup (C) rose after announcing layoffs. Boeing (BA) surged 4% after an upgrade from Deutsche Bank. Paramount Global (PARA) soared 6.5% after selling Bellator MMA. PENN Entertainment (PENN) rallied 7% after an upgrade from Bank of America. The United States Oil Fund (USO) increased by 3.1%. European and emerging market ETFs saw mixed results, with ARGT up 12% after Argentina's presidential elections. Cryptocurrencies Bitcoin and Ethereum are up.

Portfolio Pulse from Piero Cingari

November 20, 2023 | 6:35 pm

NVDA

TSM

KeyBanc analyst John Vinh maintains an Overweight rating on Nvidia Corp (NVDA) with a price target of $650, anticipating solid results and guidance above consensus. Despite export restrictions to China and supply constraints, demand for AI GPUs, especially the new L40S and H100 models, is expected to drive strong performance. Vinh predicts minimal impact from China export restrictions in the near term and estimates a potential 20% headwind if compliant GPUs for China are not performant. NVDA's FY25 Data Center revenue is projected at $82 billion, with total revenue and EPS at $96.8 billion and $20.84, respectively. NVDA shares saw a 1.04% increase to $498.10.

Portfolio Pulse from Anusuya Lahiri

November 20, 2023 | 6:04 pm

INVH

SBRA

On CNBC's Halftime Report, the final trades segment featured stock recommendations for Invitation Homes (INVH) and Sabra Health Care REIT (SBRA). Analysts provided their insights and suggested these stocks as potential investment opportunities.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 6:02 pm

BA

Analysts have provided ratings for Boeing (NYSE:BA) in the last quarter, with 5 bullish, 4 somewhat bullish, 3 indifferent, and no bearish ratings. Over the past 3 months, 12 analysts set a 12-month price target for Boeing with an average of $247.67, a high of $285.00, and a low of $200.00. This average price target represents a 3.51% decrease from the previous average of $256.67. Analysts use various methods and metrics to determine their ratings and predictions for stocks.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 6:00 pm

PFE

Pfizer (NYSE:PFE) has received various analyst ratings over the last quarter, with 3 bullish, 6 somewhat bullish, 9 indifferent, and no bearish ratings. The average price target for Pfizer is $48.33, which is significantly higher than its current price of $29.8, suggesting a substantial upside. This target has increased by 18.6% over the past month. Analysts typically review stocks quarterly, considering financial statements, meetings, and insider information to provide these ratings.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 6:00 pm

JD

Analysts have provided various ratings for JD.com (NASDAQ:JD) in the last quarter, with 5 bullish, 1 somewhat bullish, 7 indifferent, and no bearish ratings. Over the past 3 months, 13 analysts have set a 12-month price target for JD.com, averaging $42.15, which is a 13.98% decrease from the previous target of $49.00. The high target is $67.00 and the low is $30.00.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 6:00 pm

ROVR

Rover Group (NASDAQ:ROVR) has been rated by 4 analysts in the last quarter, with 1 somewhat bullish and 3 indifferent ratings. The average price target is now $7.69, up 16.16% from the previous target of $6.62, but still implies a downside from the current price of $8.4. Analysts' ratings are a mix of predictions and beliefs about a company's performance and are updated quarterly.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 6:00 pm

ZION

In the last quarter, Zions Bancorp (NASDAQ:ZION) received 12 analyst ratings with an average 12-month price target of $37.42, a slight increase from the previous target of $37.25. The ratings include 5 bullish, 1 somewhat bullish, 5 indifferent, and 1 somewhat bearish, with no bearish ratings. The high price target is $42.00 and the low is $29.00. Analysts typically review stocks quarterly or after major company updates, considering factors like earnings, revenue, and growth estimates.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 6:00 pm

WING

Wingstop (NASDAQ:WING) has received 17 analyst ratings in the last quarter, with 1 bullish, 7 somewhat bullish, and 9 indifferent. The average 12-month price target for Wingstop is $206.88, ranging from $170.00 to $240.00. This target has increased by 10.22% from the previous average of $187.69. Analyst ratings are updated quarterly and can include forecasts for company metrics like growth, earnings, and revenue.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 6:00 pm