Streetbeat News

Analyst Ratings

AKAM

Guggenheim analyst Raymond McDonough has upgraded Akamai Technologies Inc (AKAM) to Neutral from Sell. McDonough sees risk to Q3 and Q4 FY23 top-line estimates, with potential downside to the Compute business. However, he also sees a 2%-3% potential upside to FY24 estimates, even if H2 FY23 results come slightly below expectations. The analyst is bullish on expected new business growth in the Security business, the utilization of incremental data center additions to drive Compute results, and the Delivery segment benefiting from H2 FY24 events.

Portfolio Pulse from Lekha Gupta

October 26, 2023 | 7:06 pm

SEIC

Piper Sandler analyst Sumeet Mody maintains a Neutral rating on SEI Inv (NASDAQ:SEIC) and lowers the price target from $64 to $58.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 7:05 pm

SE

A whale investor has taken a bullish stance on Sea (NYSE:SE), with 51% of investors opening trades with bullish expectations and 48% with bearish. The whale has been targeting a price range from $25.0 to $310.0 for Sea over the last 3 months. The price of SE is currently down -5.62% at $41.5. The stock is currently neutral between overbought and oversold according to RSI indicators. Next earnings are expected to be released in 19 days.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 7:04 pm

TEAM

A significant bearish stance has been taken on Atlassian (NASDAQ:TEAM) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 28% bullish and 71% bearish. The price of TEAM is up 0.6% at $179.67. UBS has downgraded its action to Neutral with a price target of $225.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 7:04 pm

NOW

A significant investor has taken a bearish stance on ServiceNow (NYSE:NOW), with 63% of recent trades being bearish. The targeted price range for ServiceNow over the last 3 months is $300.0 to $690.0. The current price of NOW is up 4.39% at $553.45. Citigroup, Piper Sandler, and BMO Capital maintain positive ratings on ServiceNow, while Needham and Stifel have downgraded their actions to Buy.

Portfolio Pulse from Benzinga Insights

October 26, 2023 | 7:04 pm

GSHD

Piper Sandler analyst Paul Newsome maintains an Overweight rating on Goosehead Insurance (NASDAQ:GSHD) and raises the price target from $76 to $89.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 7:03 pm

MAT

Morgan Stanley analyst Megan Alexander reiterated an Overweight rating on Mattel Inc (NASDAQ:MAT) but lowered the price target from $27 to $25. The analyst noted that Mattel posted a strong Q3 but the full-year guide was disappointing. The Q4 sales guidance is seen as reasonable and the company maintained its guidance for flat sales growth. The analyst estimates $5.56 billion in sales, a 49.1% gross margin, and $1.45 in EPS for FY24. Mattel shares are trading lower by 6.79% at $18.75.

Portfolio Pulse from Shivani Kumaresan

October 26, 2023 | 7:01 pm

COOP

Piper Sandler analyst Kevin Barker has maintained an Overweight rating on Mr. Cooper Gr (NASDAQ:COOP) and raised the price target from $77 to $79.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 6:56 pm

CNMD

Piper Sandler analyst Matt O'Brien has maintained an Overweight rating on Conmed (NYSE:CNMD) but lowered the price target from $145 to $130.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 6:54 pm

BA

Boeing Co (NYSE:BA) reported its Q3 results, with a narrowed loss and FCF usage of ($310M). The company lowered its 2023 737 delivery guidance to 375-400. Analysts from RBC Capital Markets, Morgan Stanley, and Goldman Sachs have maintained their ratings but adjusted their price targets. Boeing's shares rose by 2.69% to $182.51 after the announcement.

Portfolio Pulse from Priya Nigam

October 26, 2023 | 6:53 pm