Streetbeat News

Analyst Ratings

RIVN

Rivian Automotive, Inc. (NASDAQ:RIVN) stock rallied in premarket trading following its Q3 results, which exceeded consensus estimates. The company reported a non-GAAP loss of $1.19 per share, narrower than the year-ago loss of $1.57 per share, and revenue climbed 150% to $1.34 billion. Rivian also raised its 2023 production guidance from 52,000 units to 54,000 units and ended its exclusivity agreement with Amazon for electric delivery vans. Needham analyst Chris Pierce reiterated a Buy rating on Rivian stock but reduced the price target from $31 to $25.

Portfolio Pulse from Shanthi Rexaline

November 08, 2023 | 12:31 pm

LPRO

Canaccord Genuity analyst Joseph Vafi has downgraded Open Lending (NASDAQ:LPRO) from Buy to Hold and lowered the price target from $20 to $5.5.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:28 pm

REAL

Needham analyst Anna Andreeva has reiterated a 'Buy' rating on RealReal (NASDAQ:REAL) and maintained a $6 price target.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:25 pm

CARG

Needham analyst Chris Pierce has reiterated a 'Buy' rating on CarGurus (NASDAQ:CARG) and maintained a price target of $22.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:23 pm

CGEM

Cullinan Oncology (NASDAQ:CGEM) reported Q3 losses of $(0.91) per share, beating the analyst consensus estimate of $(0.92) by 1.09 percent. This is a 10.98 percent decrease over losses of $(0.82) per share from the same period last year. The company's cash and investment position of $482M is expected to provide a runway into the second half of 2026.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:21 pm

LCID

Needham analyst Chris Pierce maintains a Buy rating on Lucid Group (NASDAQ:LCID) but lowers the price target from $9 to $5.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:19 pm

OLPX

Telsey Advisory Group has maintained a 'Market Perform' rating on Olaplex Holdings (NASDAQ:OLPX) but has lowered the price target from $4 to $2.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:13 pm

MASI

Raymond James analyst Jayson Bedford has downgraded Masimo (NASDAQ:MASI) from Outperform to Market Perform.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:13 pm

SKT

Compass Point analyst Floris Van Dijkum has downgraded Tanger Factory Outlet (NYSE:SKT) from Buy to Neutral and set a price target of $26.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 12:12 pm

DIS

QQQ

SPY

US stock futures indicate a flat opening after several consecutive gains. Traders are awaiting Federal Reserve Chair Jerome Powell’s speech for insights into possible rate cuts. Media earnings, including Walt Disney Co., are in focus. Bond yields remain stable, reflecting dovish messages from Fed officials. The S&P 500 and the Nasdaq Composite had their longest winning streak since November 2021. In premarket trading, the SPDR S&P 500 ETF Trust ticked up 0.04% and the Invesco QQQ ETF edged down 0.01%. Several companies including Rivian Automotive, Lucid Group, Akamai Technologies, eBay, GoPro, H&R Block, IAC Inc., and Upstart Holdings reported earnings.

Portfolio Pulse from Shanthi Rexaline

November 08, 2023 | 12:12 pm