Streetbeat News

Analyst Ratings

SYY

Stephens & Co. analyst Joshua Long has maintained an Overweight rating on Sysco (NYSE:SYY) but lowered the price target from $90 to $80.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:35 am

FRSH

Piper Sandler analyst Brent Bracelin has reiterated an Overweight rating on Freshworks (NASDAQ:FRSH) and maintained a $24 price target.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 8:32 am

QCOM

QUALCOMM Incorporated (NASDAQ:QCOM) is expected to report lower Q4 earnings at $1.8 per share, down from $3.13 per share in the previous year. The company's revenue is also expected to decrease to $8.03 billion from $11.39 billion. Despite this, the company has recently announced several new product launches and initiatives, particularly in artificial intelligence. The company's shares gained 1.1% to close at $108.99 on Tuesday. Several analysts have given their ratings and price targets for the company, with most maintaining a positive outlook.

Portfolio Pulse from Lisa Levin

November 01, 2023 | 6:15 am

TSLA

Tesla shares fell below $200 before recovering slightly, but are still well off their intraday high of $299.29 on July 19. Analyst Gordon Johnson of GLJ Research suggests that Tesla's poor results are causing a potential mass exodus by big institutional investors, who account for about 42.74% of the total outstanding shares. Johnson points to Tesla's missed consensus estimate in Q2 2022, which led to a 50% drop in the stock over the next six months. He warns that the situation could repeat itself given the company's worsening results.

Portfolio Pulse from Shanthi Rexaline

November 01, 2023 | 5:53 am

BMY

Bristol Myers Squibb (NYSE:BMY) has announced Christopher Boerner as their new Chair of the Board of Directors and CEO. Boerner will take over as Chair in April 2024 and as CEO from November 1. He succeeds Giovanni Caforio, who is retiring after 23 years of service. The company recently reported its Q3 2023 financial results, with revenues of $11 billion and GAAP EPS of $0.93. However, U.S. revenues fell 4% due to lower sales of Revlimid.

Portfolio Pulse from Benzinga Neuro

November 01, 2023 | 1:09 am

GTE

Gran Tierra Energy (AMEX:GTE) reported Q3 2023 earnings of $0.20 per share, beating the analyst consensus estimate of $(0.45) by 144.44%. This is a 80% decrease from the same period last year. The company also reported quarterly sales of $179.92 million, beating the analyst consensus estimate of $60.00 thousand by 299.77K%. This is a 6.84% increase from the same period last year.

Portfolio Pulse from vinayak@benzinga.com

October 31, 2023 | 9:44 pm

BTCUSD

Thomas Braziel, CEO of 117 Partners and CIO at 507 Capital, will share his insights at Benzinga's Future of Digital Assets event. Braziel has a history of dealing with distressed crypto assets, including purchasing claims from Mt.Gox customers. Recently, the market for FTX distressed credit has been active, with a $20 million claim selling for 52 to 53 cents on the dollar. Braziel sees a positive development due to the recent settlement and plan support announced by the ad hoc committee of non-U.S. FTX customers, which could see over 90% of assets returned by the end of Q2 2024.

Portfolio Pulse from Stjepan Kalinic

October 31, 2023 | 9:13 pm

OKE

ONEOK (NYSE:OKE) reported Q3 earnings of $0.99 per share, missing the analyst consensus estimate of $1.08 by 8.33 percent. This is a 3.13 percent increase from last year. The company also reported quarterly sales of $4.19 billion, missing the analyst consensus estimate of $5.76 billion by 27.27 percent, a 29.17 percent decrease from last year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:46 pm

PRFT

Needham analyst Mayank Tandon has maintained a 'Buy' rating on Perficient (NASDAQ:PRFT) but lowered the price target from $85 to $73.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:46 pm

LBTYA

LBTYB

Liberty Global reported Q3 earnings of $1.57 per share, beating the analyst consensus estimate of $(0.07) by 2342.86 percent, but a decrease of 67.76 percent from last year. The company's quarterly sales of $1.85 billion missed the analyst consensus estimate of $1.90 billion by 2.37 percent, but increased by 6.24 percent from last year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:41 pm