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Analyst Ratings

DKNG

PENN

DraftKings' Q3 earnings have exceeded expectations, leading to analysts raising their price targets. Stifel analyst Jeffrey A. Stantial raised the price target from $33 to $36, Truist analyst Barry Jonas from $44 to $45, and Needham analyst Bernie McTernan from $44 to $50. Despite potential competition from ESPN Bet, launched by PENN Entertainment, analysts believe DraftKings can maintain its market share due to its strong product execution.

Portfolio Pulse from Chris Katje

November 06, 2023 | 4:53 pm

MGA

RBC Capital analyst Tom Narayan has maintained a 'Sector Perform' rating on Magna International (NYSE:MGA) and raised the price target from $57 to $58.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 4:53 pm

TSX:FFH

RBC Capital analyst Scott Heleniak maintains an Outperform rating on Fairfax Financial Holdings (TSX:FFH) and raises the price target from C$980 to C$1020.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 4:50 pm

BLTE

HC Wainwright & Co. analyst Yi Chen maintains a 'Buy' rating on Belite Bio (NASDAQ:BLTE) and raises the price target from $55 to $59.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 4:46 pm

MELI

A whale investor has taken a bullish stance on MercadoLibre (NASDAQ:MELI), with 54% of investors opening trades with bullish expectations and 45% with bearish. The whale has been targeting a price range from $1200.0 to $1430.0 for MercadoLibre over the last 3 months. The price of MELI is up 0.51% at $1394.92. Wedbush has downgraded its action to Outperform with a price target of $1500.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 4:46 pm

XOM

Exxon Mobil (NYSE:XOM) has seen unusual options activity, with a majority of investors taking a bearish stance. The trades include 4 puts and 6 calls, with a total amount of $215,440 and $359,539 respectively. The price target range for Exxon Mobil over the last 3 months has been $100.0 to $110.0. The current price of XOM is up 0.3% at $108.1. Several experts have given their ratings and price targets, with Bernstein and RBC Capital downgrading their actions, while Jefferies, JP Morgan, and Truist Securities maintain or upgrade their ratings.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 4:45 pm

ERF

RBC Capital analyst Greg Pardy has maintained an 'Outperform' rating on Enerplus (NYSE:ERF) and raised the price target from $21 to $22.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 4:44 pm

ENB

RBC Capital analyst Maurice Choy has maintained an 'Outperform' rating on Enbridge (TSX:ENB), but lowered the price target from C$60 to C$55.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 4:43 pm

DELL

Analyst Ming-Chi Kuo predicts that Dell's total server shipments will see significant growth of about 15% YoY in 2024, driven by strong AI server demand. This is well above the industry average of 3–5% YoY. Dell is planning a production expansion of about 200% for AI server bottleneck components to meet future enterprise customer needs. Dell's collaboration with Meta and the launch of PowerEdge servers with Nvidia AI chips ahead of competitors are contributing to the expected growth.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 4:42 pm