Streetbeat News

Analyst Ratings

CDNS

Over the last quarter, Cadence Design Systems (NASDAQ:CDNS) received 7 analyst ratings, with 5 being bullish, 1 somewhat bullish, and 1 indifferent. There were no bearish or somewhat bearish ratings. The average 12-month price target for CDNS is $264.00, with a high of $290.00 and a low of $250.00. This target has increased by 1.54% over the past month. Analyst ratings are based on information from company activities, financial statements, and insider conversations, and they provide guidance on stock performance.

Portfolio Pulse from Benzinga Insights

November 10, 2023 | 9:00 pm

OMER

Cantor Fitzgerald analyst Brandon Folkes has downgraded Omeros Corporation (NASDAQ:OMER) from Overweight to Neutral.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 8:45 pm

VTYX

Evercore ISI Group analyst Josh Schimmer has downgraded Ventyx Biosciences (VTYX) from Outperform to In-Line and significantly reduced the price target from $43 to $5.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 8:43 pm

WYNN

Stifel analyst Steve Wieczynski has maintained a Buy rating on Wynn Resorts (NASDAQ:WYNN) but has reduced the price target from $135 to $125.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 8:38 pm

SONY

Benchmark analyst Mike Hickey reiterated a Buy rating on Sony Group Corp (NYSE:SONY) with a price target of J¥14500. Sony's Game & Network Services segment saw a 32% increase in Q2 sales YoY, leading to an upward revision of the FY23 sales forecast by ¥190 billion. Adjusted OIBDA for the segment also increased by ¥18.9 billion YoY. A new PS5 model and PS Portal are expected to contribute to a strong year-end performance. Sony's updated FY23 forecast anticipates sales of 12 trillion ¥400 billion and operating income of ¥1.17 trillion. The operating cash flow forecast is ¥1.16 trillion, with a projected Q3 revenue of J¥3.499 trillion. Sony's shares rose by 5.46% to $86.19.

Portfolio Pulse from Anusuya Lahiri

November 10, 2023 | 8:36 pm

U

Stifel analyst Parker Lane has maintained a Buy rating on Unity Software (NYSE:U) but has reduced the price target from $40 to $28.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 8:36 pm

TMCI

Stifel analyst Rick Wise has maintained a Buy rating on Treace Medical Concepts (NASDAQ:TMCI) but has reduced the price target from $28 to $11.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 8:34 pm

PCT

Stifel analyst Michael Hoffman has maintained a Buy rating on PureCycle Technologies (NASDAQ:PCT) but has reduced the price target from $15 to $6.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 8:33 pm

ONTO

Stifel analyst Brian Chin has reaffirmed a Buy rating on Onto Innovation (NYSE:ONTO) and increased the price target from $135 to $150.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 8:31 pm

MTSI

Stifel analyst Tore Svanberg has maintained a Buy rating on MACOM Technology Solutions (MTSI) and increased the price target from $88 to $90, indicating a positive outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 8:29 pm