Streetbeat News

Analyst Ratings

AAP

JP Morgan has maintained a Neutral rating on Advance Auto Parts (NYSE:AAP) but lowered its price target from $78.00 to $55.00. Advance Auto Parts' shares have fallen 7.17% to $51.68. The new price target suggests a potential upside of 6.42% from the current price. Advance Auto Parts operates 5,086 stores and services 1,311 Carquest stores, with 59% of 2022 sales from commercial clients.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 5:00 pm

GLBE

Raymond James has maintained its Outperform rating for Global E Online (NASDAQ:GLBE) but reduced its price target from $45.00 to $41.00. Despite the reduction, the new target suggests a significant upside of 40.31% from the current price of $29.22. Global E Online provides e-commerce solutions aimed at facilitating cross-border transactions with a focus on international shopper experience.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 5:00 pm

SOFI

THTA

SoFi Technologies, Inc. (NASDAQ:SOFI) stock is trading lower today after a 7% rise the previous day. Over the last month, SOFI shares have declined by over 17%. The company announced the launch of the SoFi Enhanced Yield ETF (NYSE:THTA), which is managed by ZEGA Financial and will distribute monthly distributions from a portfolio of short-term Treasury Bills with an options overlay strategy. Barclays analyst Terry Ma initiated coverage on SoFi with an Equal-Weight rating and a price target of $8. High trading volume is observed with shares down 8% at $6.78.

Portfolio Pulse from Erica Kollmann

November 16, 2023 | 4:54 pm

GDX

Imaru Casanova, Portfolio Manager for Gold & Precious Metals at VanEck, stated at Benzinga's 'Metals & Mining' Conference that gold mining companies are currently trading at a significant discount compared to other sectors. Casanova predicts that the valuations of these companies should be higher next year.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 4:48 pm

AMD

INTC

NVDA

Mizuho analyst Vijay Rakesh upgraded Intel Corp (INTC) from Neutral to Buy and increased the price target from $37 to $50, citing upcoming server product launches, foundry customer announcements, and the potential value from the Altera FPGA spinoff. The analyst also raised FY24E and FY25E revenue and EPS estimates above consensus, noting Intel's discount compared to AMD and Nvidia and its idiosyncratic tailwinds.

Portfolio Pulse from Anusuya Lahiri

November 16, 2023 | 4:42 pm

PANW

BMO Capital analyst Keith Bachman has maintained an Outperform rating on Palo Alto Networks (NASDAQ:PANW) but has reduced the price target from $300 to $283.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 4:38 pm

TGT

BMO Capital analyst Kelly Bania has maintained a Market Perform rating on Target Corporation (NYSE:TGT) and increased the price target from $120 to $130.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 4:35 pm

DVN

Devon Energy Corporation's stock (DVN) is trading lower after Piper Sandler maintained an Overweight rating but reduced the price target from $67 to $61.

Portfolio Pulse from Benzinga Newsdesk

November 16, 2023 | 4:31 pm