Streetbeat News

Analyst Ratings

UDMY

Cantor Fitzgerald analyst Brett Knoblauch maintains an Overweight rating on Udemy (NASDAQ:UDMY) and raises the price target from $15 to $20.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 4:47 pm

SQ

Block, Inc. (NYSE:SQ) reported better-than-expected Q3 earnings, with revenue increasing 24% YoY to $5.62 billion. Excluding Bitcoin revenues, total revenue was $3.19 billion, up 16% YoY. The company reported Q3 adjusted earnings of 55 cents per share. Following the earnings announcement, Canaccord Genuity and Goldman Sachs cut their price targets on Block, but maintained a Buy rating.

Portfolio Pulse from Lisa Levin

November 03, 2023 | 4:45 pm

GNRC

Generac Holdings Inc's (NYSE:GNRC) Q3 earnings surpassed analyst expectations, leading to an upgrade in the company's stock rating from Neutral to Buy by Guggenheim Securities. The company is nearing the end of the home standby inventory workdown, which has been a business headwind since mid-2022. Analyst Joseph Osha established a price target of $142 for the stock, citing an attractive current valuation.

Portfolio Pulse from Priya Nigam

November 03, 2023 | 4:45 pm

CI

Cantor Fitzgerald analyst Sarah James has maintained a Neutral rating on Cigna Group (NYSE:CI) and raised the price target from $310 to $334.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 4:43 pm

WERN

Stephens & Co. analyst Jack Atkins has maintained an Overweight rating on Werner Enterprises (NASDAQ:WERN) but lowered the price target from $52 to $48.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 4:36 pm

CYBR

CyberArk Software Ltd (NASDAQ:CYBR) posted better-than-expected Q3 results, with a YoY revenue growth of 25% to $191.2 million, beating the consensus of $184.7 million. The company also raised its FY23 revenue and EPS outlook. Following the earnings announcement, several analysts including Keybanc, Morgan Stanley, Wedbush, and Stephens & Co. increased their price targets on CyberArk.

Portfolio Pulse from Lisa Levin

November 03, 2023 | 4:33 pm

AAPL

Apple Inc (NASDAQ:AAPL) reported strong Q4 results, with analysts highlighting the strength of iPhone sales and the acceleration in Apple's Services revenue. However, concerns were raised about the deceleration of iPad, Wearables and Accessories due to product launch timing, and the potential for a weak iPhone cycle impacting revenues for the December quarter. Analysts from Goldman Sachs, Oppenheimer, Wedbush, Rosenblatt, Raymond James, Needham, and Bernstein provided their ratings and price targets for Apple.

Portfolio Pulse from Chris Katje

November 03, 2023 | 4:33 pm

ROK

Stephens & Co. analyst Tommy Moll has reiterated an Equal-Weight rating on Rockwell Automation (NYSE:ROK) and maintained a price target of $350.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 4:32 pm

SPG

Unusual options activity has been observed for Simon Property Group (NYSE:SPG), with a large bullish position appearing on publicly available options history. The overall sentiment of these big-money traders is split between 66% bullish and 33% bearish. The price range targeted by these traders for SPG over the last 3 months is from $105.0 to $130.0. Stifel has maintained their Buy rating on SPG, with a price target of $130.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 4:30 pm

WFC

A significant bearish stance on Wells Fargo (NYSE:WFC) has been observed through unusual options activity. The sentiment among big-money traders is split between 37% bullish and 62% bearish. The whales have been targeting a price range from $40.0 to $52.5 for Wells Fargo over the last 3 months. The price of WFC is up 2.78% at $41.63. BMO Capital maintains their Market Perform rating on Wells Fargo, with a price target of $54.

Portfolio Pulse from Benzinga Insights

November 03, 2023 | 4:30 pm