Streetbeat News

Analyst Ratings

CLH

BMO Capital analyst Devin Dodge has maintained an Outperform rating on Clean Harbors (NYSE:CLH), but lowered the price target from $186 to $176.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 7:07 pm

QCOM

Morgan Stanley analyst Joseph Moore has maintained an Overweight rating on Qualcomm (NASDAQ:QCOM) but lowered the price target from $129 to $119.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 7:06 pm

QRVO

Morgan Stanley analyst Joseph Moore has maintained an Equal-Weight rating on Qorvo (NASDAQ:QRVO) and raised the price target from $116 to $120.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 7:04 pm

DLR

A significant bearish stance has been taken on Digital Realty Trust (NYSE:DLR) by a large investor or institution, as indicated by a large position in options. The sentiment among these big-money traders is 100% bearish, with 8 puts and 3 calls identified. The targeted price range for DLR over the last 3 months is $70.0 to $145.0. The current price of DLR is up 3.8% at $131.27. Morgan Stanley has maintained their Equal-Weight rating on DLR with a price target of $98.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 7:04 pm

BTCUSD

Fidelity's director of global macro, Jurrien Timmer, has reiterated his view of Bitcoin as a 'commodity currency', likening it to gold. He suggests that Bitcoin could outperform in the current economic climate of negative real interest rates and unchecked money supply expansion. This view adds to the growing discourse around Bitcoin's role in the global financial system, with the upcoming Benzinga's Future of Digital Assets conference expected to further this discussion.

Portfolio Pulse from Murtuza Merchant

November 02, 2023 | 7:02 pm

QTWO

Morgan Stanley analyst James Faucette has maintained an Equal-Weight rating on Q2 Holdings (NYSE:QTWO) and raised the price target from $28 to $29.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 7:02 pm

AAPD

AAPL

AAPU

Apple Inc (AAPL) is set to release its Q4 financial results, with analysts estimating earnings per share of $1.31 on revenues of $84.18 billion. Wedbush analyst Daniel Ives reiterated an Outperform rating on the stock and maintained a price target of $240. Traders bullish on Apple may choose to take a position in Direxion Daily Apple Bull 1.5X Shares (AAPU), while bearish traders could opt for Direxion Daily Apple Bear 1X Shares (AAPD).

Portfolio Pulse from Melanie Schaffer

November 02, 2023 | 7:02 pm

ARKK

COIN

TARK

Coinbase Global, Inc (NASDAQ:COIN) is set to release its Q3 financial results, with analysts estimating earnings of 54 cents per share on revenues of $650.78 million. The company's stock was up over 8% ahead of the report. Citigroup analyst Peter Christiansen maintained a Neutral rating on Coinbase and lowered a price target from $105 to $90. Investors are keen to see how much of Coinbase's revenue was brought in through Bitcoin and Ethereum trading. The AXS 2X Innovation ETF (NASDAQ:TARK), which aims to return 200% of the daily performance of ARK Innovation ETF (NYSE:ARKK) and has Coinbase as its top holding, may be a diversified approach for bullish traders.

Portfolio Pulse from Melanie Schaffer

November 02, 2023 | 7:01 pm

AMGN

JNJ

The FDA has approved Amgen's biosimilar version of Johnson & Johnson's psoriasis treatment, Stelara, for multiple inflammatory diseases. This has led to a rise in Amgen's shares. Truist Securities analyst Robyn Karnauskas has upgraded Amgen's rating from Hold to Buy and raised the price target from $260 to $320.

Portfolio Pulse from Priya Nigam

November 02, 2023 | 7:01 pm

EXEL

Analysts have provided various ratings for Exelixis (NASDAQ:EXEL) within the last quarter, with 4 bullish, 2 somewhat bullish, and 3 indifferent. In the last 3 months, 9 analysts have offered 12-month price targets for Exelixis, with an average price target of $26.67. This average price target has increased by 8.86% over the past month.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 7:00 pm