Streetbeat News

Analyst Ratings

ANET

Arista Networks (NYSE:ANET) reported better-than-expected Q3 results and issued strong Q4 revenue guidance. Revenue grew 28.3% Y/Y to $1.509 billion, beating the consensus of $1.480 billion. Adjusted EPS of $1.83 surpassed the consensus of $1.58. For Q4, Arista expects revenues of $1.500 billion-$1.550 billion vs. consensus of $1.47 billion. Following the earnings announcement, several analysts raised their price targets on Arista Networks.

Portfolio Pulse from Lisa Levin

October 31, 2023 | 6:22 pm

WOLF

Canaccord Genuity analyst George Gianarikas has maintained a 'Buy' rating on Wolfspeed (NYSE:WOLF), but lowered the price target from $63 to $50.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:22 pm

PACB

Canaccord Genuity analyst Kyle Mikson maintains a 'Buy' rating on Pacific Biosciences (NASDAQ:PACB) but has lowered the price target from $17 to $15.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:20 pm

LUNG

Canaccord Genuity analyst William Plovanic has maintained a 'Buy' rating on Pulmonx (NASDAQ:LUNG) but lowered the price target from $20 to $12.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:18 pm

DOCN

Canaccord Genuity analyst Kingsley Crane has maintained a 'Buy' rating on DigitalOcean Holdings (NYSE:DOCN) but lowered the price target from $52 to $33.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:17 pm

VFC

V.F. Corp (NYSE:VFC) reported mixed Q2 results and withdrew its full-year guidance. The company reported quarterly sales of $3.03 billion, slightly beating estimates, but earnings per share of 63 cents missed estimates of 66 cents. Full-year free cash flow is expected to be around $600 million, down from previous guidance of $900 million. Following the announcement, VF Corp shares dipped 13.7% and several analysts lowered their price targets.

Portfolio Pulse from Lisa Levin

October 31, 2023 | 6:16 pm

MPWR

Stifel analyst Tore Svanberg has reiterated a 'Buy' rating on Monolithic Power Systems (NASDAQ:MPWR) and maintained a price target of $600.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:12 pm

ZI

Stifel analyst Parker Lane maintains a 'Buy' rating on ZoomInfo Technologies (NASDAQ:ZI) but has lowered the price target from $27 to $20.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:10 pm

CHGG

Chegg Inc reported better-than-expected Q3 results with revenue of $157.9 million, beating the consensus estimate of $152.67 million. However, the company's shares dipped 16% to trade at $7.45 on Tuesday. Following the earnings announcement, analysts from Piper Sandler, BMO Capital, and Goldman Sachs lowered their price targets on Chegg.

Portfolio Pulse from Lisa Levin

October 31, 2023 | 6:09 pm

WK

Stifel analyst Brad Reback has maintained a 'Hold' rating on Workiva (NYSE:WK) and lowered the price target from $97 to $92.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 6:09 pm