Streetbeat News

Analyst Ratings

STVN

Jefferies analyst David Windley has downgraded Stevanato Gr (NYSE:STVN) from Buy to Hold and lowered the price target from $39 to $29.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 12:29 pm

BTCUSD

Cryptocurrency trader Jason A. Williams predicts that Bitcoin (CRYPTO: BTC) could potentially reach $789,000 if it breaks the $35,000 mark. However, other analysts expect a temporary dip in Bitcoin’s price before a bullish breakout. At the time of writing, BTC was trading at $34,318.16.

Portfolio Pulse from Mehab Qureshi

November 01, 2023 | 12:22 pm

PAYC

TD Cowen analyst Bryan Bergin has downgraded Paycom Software (NYSE:PAYC) from Outperform to Market Perform and lowered the price target from $331 to $202.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 12:21 pm

PAYC

Paycom Software, Inc. (NYSE:PAYC) reported lower-than-expected Q3 sales and issued FY23 revenue guidance below estimates. Despite beating earnings per share estimates, the company's shares dipped 38.2% in pre-market trading. Several analysts, including those from Piper Sandler, Deutsche Bank, Oppenheimer, Keybanc, and Needham, downgraded the stock and lowered their price targets.

Portfolio Pulse from Lisa Levin

November 01, 2023 | 12:20 pm

CELH

KNSL

NATL

NFE

Jim Cramer on CNBC's 'Mad Money Lightning Round' recommended Celsius Holdings, Inc. (CELH), which has gained 51% year-to-date, and expressed belief in New Fortress Energy Inc. (NFE). He also mentioned he will look into NCR Atleos Corporation (NATL). Regarding Kinsale Capital Group, Inc. (KNSL), he stated he doesn't usually recommend insurers, except for Chubb Limited (CB).

Portfolio Pulse from Lisa Levin

November 01, 2023 | 12:18 pm

AAPL

AMZN

GOOGL

META

MSFT

NFLX

NVDA

TSLA

Despite impressive returns from eight mega-cap stocks, CNBC Mad Money host Jim Cramer advises caution. The stocks, referred to as 'The Enormous Eight', include Apple, Microsoft, Amazon, Alphabet, Netflix, Nvidia, Tesla, and Meta Platforms. These stocks have generated significant returns in 2023, outperforming the Invesco S&P 500 Equal Weight ETF and the iShares Core S&P Small-Cap ETF. However, Cramer warns of the risk of these stocks dropping due to any negative news, and notes the high number of shares held as short for Tesla and Apple.

Portfolio Pulse from Shanthi Rexaline

November 01, 2023 | 12:13 pm

NRG

Guggenheim analyst Shahriar Pourreza has upgraded NRG Energy from Neutral to Buy and set a price target of $50.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 12:11 pm

PYPL

UPS

PayPal Holdings, Inc. (NASDAQ:PYPL) is set to release its Q3 financial results on Nov. 1, 2023. Analysts predict an EPS of $1.16, up from $1.08 last year, and revenue of $6.96 billion, slightly higher than last year's $6.85 billion. Recently, UPS (NYSE:UPS) agreed to acquire Happy Returns from PayPal. Ahead of the earnings call, several analysts have revised their price targets for PayPal.

Portfolio Pulse from Lisa Levin

November 01, 2023 | 12:11 pm

ANET

CLF

GEHC

On CNBC's 'Halftime Report Final Trades', Josh Brown of Ritholtz Wealth Management recommended Arista Networks, Inc. (ANET) due to its strong Q3 results and Q4 guidance. Stephanie Link of Hightower recommended GE HealthCare Technologies Inc. (GEHC) following its impressive Q3 results. Jim Lebenthal of Cerity Partners recommended Cleveland-Cliffs Inc. (CLF) after its Q3 earnings beat analyst estimates. ANET shares gained 14%, GEHC shares gained 5.4%, and CLF shares climbed 3.7% on Tuesday.

Portfolio Pulse from Lisa Levin

November 01, 2023 | 12:09 pm

CRUS

Loop Capital analyst Ananda Baruah has upgraded Cirrus Logic (NASDAQ:CRUS) from Hold to Buy and raised the price target from $83 to $100.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 12:07 pm