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Analyst Ratings

NFLX

ROKU

Roku Inc (NASDAQ:ROKU) is set to report its Q3 financial results. Analysts expect a revenue of $855.16 million, up from $761.37 million in the prior year. Roku has beaten revenue estimates in four of the last five quarters. The company is expected to report a loss of $2.04 per share. KeyBanc analyst Justin Patterson anticipates a mixed print from the company and expects shares to remain rangebound until the macro improves. Investors will be watching for updates on the Roku Channel, a potential Netflix Inc (NASDAQ:NFLX) advertising plan bundle, and the impact of the Hollywood Strike.

Portfolio Pulse from Chris Katje

October 31, 2023 | 7:06 pm

ROKU

Roku's stock is trading higher following an upgrade from Sell to Neutral by MoffettNathanson, who also set a price target of $55.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 7:05 pm

BIDU

A significant bearish stance on Baidu (NASDAQ:BIDU) has been observed through unusual options activity. The sentiment among big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $105.0 to $140.0 for Baidu over the last 3 months. Currently, BIDU's price is down -1.99% at $104.06. Benchmark has downgraded its action to Buy with a price target of $210, while JP Morgan maintains their Overweight rating with a price target of $185.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 7:02 pm

APO

A significant investor has taken a bearish stance on Apollo Global Management (NYSE:APO), with 54% of recent trades being bearish and 45% bullish. The total amount for put options is $558,805 and for call options is $361,200. The targeted price range for APO over the last 3 months is $47.5 to $85.0. The current price of APO is down -3.32% at $77.5, and RSI indicators suggest the stock may be oversold.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 7:02 pm

AMD

NVDS

Advanced Micro Devices, Inc (AMD) is expected to report Q3 earnings after the market closes. Ahead of the event, Rosenblatt analyst Hans Mosesmann reiterated a Buy rating on AMD and a price target of $200. From a technical analysis perspective, AMD's stock looks bearish heading into the event. If AMD trades bearishly on Wednesday, Nvidia Corporation is likely to fall in tandem, and traders can play the possible downside of Nvidia using the AXS 1.25x NVDA Bear Daily ETF (NVDS).

Portfolio Pulse from Melanie Schaffer

October 31, 2023 | 7:00 pm

TRML

Guggenheim has initiated coverage on Tourmaline Bio with a Buy rating and a price target of $50. This has led to an increase in the trading of Tourmaline Bio shares.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:53 pm

META

Citi analyst Ronald Josey reiterated a Buy rating on Meta Platforms, Inc (NASDAQ:META) with a price target of $425. Meta announced advertising-free subscription tiers for users in the EU, EEA, and Switzerland, effective in November. The subscription service is expected to be revenue-neutral as Meta plans to continue offering its core ad-supported service to most EU users. The subscription tiers are priced at €9.99/month on the web or €12.99/month on mobile.

Portfolio Pulse from Anusuya Lahiri

October 31, 2023 | 6:45 pm

CLSK

MARA

RIOT

Bernstein analyst Gautam Chhugani initiated coverage on U.S. Bitcoin miners with an Outperform rating on Riot Platforms, Inc (NASDAQ:RIOT) and CleanSpark, Inc (NASDAQ:CLSK), and a Market-Perform rating on Marathon Digital Holdings, Inc (NASDAQ: MARA). Chhugani prefers RIOT and CLSK due to their strong operational edge, low cost of production, high liquidity, and unlevered balance sheets. He projects FY23 revenue of $276.595 million for Riot, $347.108 million for Marathon, and $170.601 million for CleanSpark.

Portfolio Pulse from Anusuya Lahiri

October 31, 2023 | 6:39 pm

AVB

CPT

MAA

UDR

Piper Sandler analyst Alexander Goldfarb revised ratings on several real estate REITs amid higher interest rates and increased supply pressures. AvalonBay Communities Inc (AVB) was upgraded to Overweight from Neutral with a lowered price target of $194. Mid-America Apartment Communities Inc (MAA) was downgraded to Neutral from Overweight with a reduced price target of $130. Camden Property Trust (CPT) was downgraded to Underweight from Neutral with a price target cut to $80. UDR Inc (UDR) was also downgraded to Underweight from Neutral with a decreased price target of $30.

Portfolio Pulse from Lekha Gupta

October 31, 2023 | 6:38 pm

WOLF

Roth MKM analyst Craig Irwin maintains a 'Buy' rating on Wolfspeed (NYSE:WOLF) but has lowered the price target from $65 to $50.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:37 pm