Streetbeat News

Analyst Ratings

VRSK

Raymond James analyst C. Gregory Peters maintains an Outperform rating on Verisk Analytics (NASDAQ:VRSK) and raises the price target from $255 to $260.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:45 pm

JNJ

Johnson & Johnson's (NYSE:JNJ) short percent of float has fallen 12.16% since its last report, with 15.68 million shares sold short, which is 0.65% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Johnson & Johnson has less short interest.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 4:45 pm

KLAC

KLA's (NYSE:KLAC) short percent of float has risen 14.72% since its last report, with 2.54 million shares sold short, which is 1.87% of all regular shares available for trading. It would take traders 2.83 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, KLA's peer group average for short interest as a percentage of float is 6.57%, which means the company has less short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 4:45 pm

FTNT

Fortinet's (NYSE:FTNT) short percent of float has risen 13.56% since its last report, with 13.23 million shares sold short, which is 2.01% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment towards a stock. However, Fortinet's short interest as a percentage of float is less than its peer group average of 4.85%.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 4:45 pm

MLNK

Raymond James analyst Brian Peterson has maintained an 'Outperform' rating on MeridianLink (NYSE:MLNK), but lowered the price target from $26 to $21.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:42 pm

QDEL

Raymond James analyst Andrew Cooper maintains a Strong Buy on QuidelOrtho (NASDAQ:QDEL) but lowers the price target from $110 to $100.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:35 pm

SQ

Block, Inc (NYSE:SQ) is heading into its Q3 earnings print after a 5% increase in its stock. The company beat Q2 earnings with a revenue of $5.54 billion and earnings per share of 39 cents. Analysts estimate Q3 earnings per share of 45 cents on revenues of $5.43 billion. Wells Fargo analyst Jeff Cantwell initiated an Equal-Weight rating on Block with a price target of $45. Block's stock is currently in a downtrend but shows signs of bullish divergence.

Portfolio Pulse from Melanie Schaffer

November 02, 2023 | 4:33 pm

COP

A significant amount of unusual options activity has been observed for ConocoPhillips (NYSE:COP), with a majority of investors taking a bullish stance. Whales have been targeting a price range from $75.0 to $125.0 for ConocoPhillips over the last 3 months. The price of COP is currently up 1.16% at $118.02. Susquehanna and UBS have maintained their Positive and Buy ratings on ConocoPhillips, with price targets of $152 and $149 respectively.

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 4:33 pm

QRVO

Raymond James analyst Srini Pajjuri has maintained an Outperform rating on Qorvo (NASDAQ:QRVO), but lowered the price target from $125 to $105.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:32 pm

PSN

Raymond James analyst Brian Gesuale maintains an Outperform rating on Parsons Corp (NYSE:PSN) and raises the price target from $62 to $69.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 4:28 pm