Streetbeat News

Analyst Ratings

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TSLA

Despite strong weekly insurance data from China and rumors of a price hike, Tesla, Inc. (NASDAQ:TSLA) shares traded down in premarket trading on Tuesday. The insurance registrations for Tesla EVs in China were reported at 14,000 units for the week ended Nov. 5. There are also rumors that Tesla China is planning price increases for Model Y SR and LR in the coming weeks. However, the decline in Tesla's stock could be due to the decline in the U.S. stock futures. Separately, Morgan Stanley’s Adam Jonas suggested that Tesla’s stock price might not increase unless the company avoids earnings disappointment, expands EVs beyond the current lineup, and shifts focus to capital-light revenue avenues.

Portfolio Pulse from Shanthi Rexaline

November 07, 2023 | 1:17 pm

VRTX

HC Wainwright & Co. analyst Andrew Fein maintains a 'Buy' rating on Vertex Pharmaceuticals (NASDAQ:VRTX) and raises the price target from $380 to $390.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:15 pm

OLO

William Blair analyst Bhavan Suri has downgraded Olo (NYSE:OLO) from Outperform to Market Perform.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:15 pm

AMRC

William Blair analyst Tim Mulrooney has downgraded Ameresco (NYSE:AMRC) from Outperform to Market Perform.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:13 pm

MRTX

Leerink Partners analyst Andrew Berens has downgraded Mirati Therapeutics (NASDAQ:MRTX) from Outperform to Market Perform and lowered the price target from $78 to $58.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:12 pm

CDXS

Benchmark analyst Robert Wasserman has downgraded Codexis (NASDAQ:CDXS) from Buy to Hold.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:10 pm

CLNN

Clene (NASDAQ:CLNN) reported Q3 earnings per share (EPS) of $(0.02), beating the analyst consensus estimate of $(0.09) by 77.78%. However, the company's quarterly sales of $108.00K missed the analyst consensus estimate of $120.00K by 10.00%. This represents a 37.93% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:09 pm

GOL

Seaport Global analyst Daniel Mckenzie has downgraded Gol Linhas Aereas (NYSE:GOL) from Buy to Neutral.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:08 pm

GTBIF

Zuanic & Associates has initiated coverage on Green Thumb Industries (OTC:GTBIF) with an Overweight rating.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:07 pm

GLDD

Great Lakes Dredge & Dock (NASDAQ:GLDD) reported Q3 losses of $(0.09) per share, beating the analyst consensus estimate of $(0.11) by 18.18%. However, the company's quarterly sales of $117.19 million missed the analyst consensus estimate of $136.83 million by 14.36%. This represents a 25.99% decrease over sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:06 pm