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Analyst Ratings

BTCUSD

ETHUSD

Crypto analyst Guy Turner from Coin Bureau has highlighted a trend of diminishing returns for Bitcoin (BTC) and Ethereum (ETH). His analysis is based on historical gains through key zones of support and resistance. Turner suggests that BTC has diminishing returns over time, which is typical for any asset as it matures. He forecasts a potential 3x gain from Bitcoin's current key zone to its next peak, suggesting a Bitcoin price of around $120,000 in the next cycle. Similarly, Ethereum is predicted to have a 7x gain from its current zone, hinting at a possible price of $15,000.

Portfolio Pulse from Murtuza Merchant

October 27, 2023 | 3:10 pm

CHDN

Truist Securities analyst Barry Jonas maintains a 'Buy' rating on Churchill Downs (NASDAQ:CHDN) but lowers the price target from $148 to $140.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 3:08 pm

VRRM

Zacks Home Run Investor Newsletter has picked Verra Mobility (VRRM) as a stock to watch. No specific reasons were given in the article.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 3:08 pm

TXRH

Truist Securities analyst Jake Bartlett maintains a 'Buy' rating on Texas Roadhouse (NASDAQ:TXRH) but lowers the price target from $129 to $124.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 3:06 pm

AMZN

Amazon.com, Inc. (NASDAQ:AMZN) reported strong Q3 results, with shares continuing to climb. Analysts from Telsey Advisory Group, Goldman Sachs, Needham, Oppenheimer, Morgan Stanley, and William Blair all maintained positive ratings, with several raising their price targets. Key takeaways include double-digit sales growth in the U.S. and internationally, stabilization of AWS, and a shift towards generative AI. Amazon's Q3 operating income of $11 billion exceeded expectations.

Portfolio Pulse from Priya Nigam

October 27, 2023 | 3:06 pm

STX

Seagate Technology's stock is trading higher after Rosenblatt maintained a Buy rating and raised its price target from $68 to $78. Morgan Stanley also maintained an Equal-Weight rating and raised its price target from $60 to $67.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 3:01 pm

TSCO

Truist Securities analyst Scot Ciccarelli has maintained a 'Buy' rating on Tractor Supply (NASDAQ:TSCO) but lowered the price target from $235 to $210.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 3:01 pm

ENPH

Enphase Energy, Inc. (NASDAQ:ENPH) shares dropped by 12.8% after the company issued weak Q4 guidance and received several analyst rating updates. The company reported Q3 earnings per share of $1.02, missing the estimated $1.03, and revenue of $551.1 million, falling short of the $566.02 million estimate. The disappointing results were attributed to high inventory levels and reduced demand in key European markets. The company expects Q4 revenue to range from $300 million to $350 million, below the estimated $601.24 million. Higher yields on safer investments like Treasury bonds may also be attracting investors away from riskier growth stocks like Enphase.

Portfolio Pulse from Henry Khederian

October 27, 2023 | 2:55 pm

WTW

Truist Securities analyst Mark Hughes has maintained a 'Buy' rating on Willis Towers Watson (NASDAQ:WTW) and raised the price target from $265 to $275.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 2:49 pm

ORLY

RBC Capital analyst Steven Shemesh has maintained an Outperform rating on O'Reilly Automotive (NASDAQ:ORLY) and raised the price target from $988 to $1003.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 2:47 pm