Streetbeat News

Analyst Ratings

PYPL

Canaccord Genuity analyst Joseph Vafi maintains a 'Buy' rating on PayPal Holdings (NASDAQ:PYPL) but has lowered the price target from $110 to $100.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 8:14 am

TIP

Fund manager Cathie Wood has highlighted a deflationary trend, stating that commodity prices are at the same level as they were 40 years ago. She believes that long-term stocks and bonds are the best investments in such an environment. This comes after Federal Reserve Chairman Jerome Powell stated that progress has been made on inflation. Wood's view is in contrast to increasing short bets against large-cap tech stocks. The iShares TIPS Bond ETF (NYSE:TIP) ended Wednesday’s session up 0.87% at $103.24.

Portfolio Pulse from Shanthi Rexaline

November 02, 2023 | 8:13 am

PTC

Piper Sandler analyst Clarke Jeffries has reiterated a Neutral rating on PTC (NASDAQ:PTC) and raised the price target from $150 to $155.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 8:09 am

QTWO

Piper Sandler analyst Arvind Ramnani has reiterated an Underweight rating on Q2 Holdings (NYSE:QTWO) and maintained a $30 price target.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 8:01 am

CDAY

Needham analyst Scott Berg has reiterated a 'Buy' rating on Ceridian HCM Holding (NYSE:CDAY) and maintained a price target of $82.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 7:58 am

EXTR

Needham analyst Alex Henderson maintains a Buy rating on Extreme Networks (NASDAQ:EXTR) but has lowered the price target from $35 to $23.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 7:56 am

JPM

TIP

JPMorgan Chase & Co CEO Jamie Dimon has commented on the potential impact of rate hikes and quantitative tightening on the economy. He believes that inflation is stickier than people think and there is a higher chance of rates going up. He also sees potential for a double whammy for borrowers, as credit spreads may also rise. The Fed hikes and the quantitative tightening have affected home sales but not home prices, as well as auto sales and credit card loans. Over time, it will affect businesses at the refinance and floating rates. The iShares TIPS Bond ETF ended Wednesday’s session up 0.87% at $103.24.

Portfolio Pulse from Shanthi Rexaline

November 02, 2023 | 7:46 am

SHEL

Shell (NYSE:SHEL) reported Q3 adjusted earnings of $1.86 per share, missing the analyst consensus estimate of $1.87 by 0.53 percent. This represents a 28.46 percent decrease from the same period last year. Quarterly sales were $76.35 billion, missing the analyst consensus estimate of $82.96 billion by 7.97 percent, a 20.26 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 7:11 am

TSLA

Billionaire investor and Baron Capital CEO Ron Baron predicts Tesla Inc (NASDAQ:TSLA) could reach a $4 trillion market capitalization in a decade, a sentiment shared by Tesla CEO Elon Musk. Baron, who invested approximately $400 million in Tesla between 2014 and 2016, likened the future of Tesla to 'Intel inside computers', suggesting the company will expand beyond automotive manufacturing to become a major supplier of autonomous driving software. However, Tesla recently reported third-quarter revenue of $23.35 billion, missing a Street consensus estimate of $24.38 billion, and production and vehicle delivery numbers below second-quarter numbers.

Portfolio Pulse from Anan Ashraf

November 02, 2023 | 7:07 am

BTCUSD

DOGEUSD

Elon Musk, in an interview with Joe Rogan, criticized non-fungible tokens (NFTs) for not being on the blockchain and being just a URL to the JPEG. He suggested that the JPEG should be encoded in the blockchain. Musk's comments led to increased activity in on-chain NFTs like Bitcoin Punks, OnChainMonkey, and Bitcoin Frogs. Musk has previously shown support for cryptocurrencies like Bitcoin and Dogecoin.

Portfolio Pulse from Chris Katje

November 01, 2023 | 11:05 pm