Streetbeat News

Analyst Ratings

AAPL

Apple Inc's 'Scary Fast' event, which showcased new products and company announcements, has received mixed reactions from analysts. Goldman Sachs analyst Michael Ng maintains a Buy rating and a price target of $213, citing the attractive price points of the new products and potential for growth in the PC industry. However, Oppenheimer’s Martin Yang found the event underwhelming and was disappointed by the lack of information on Apple's plans for mainstream gaming. Needham analyst Laura Martin expressed concern about the timing of the event, just three days before earnings, suggesting weak laptop and iMac sales in Q3.

Portfolio Pulse from Chris Katje

October 31, 2023 | 5:12 pm

ARKF

SOFI

SoFi Technologies reported better-than-expected Q3 results, beating analyst consensus estimates for both losses per share and sales. The company also raised its fiscal year 2023 adjusted net revenue guidance. Ark Invest purchased 473,225 shares of SoFi Technologies, and Morgan Stanley upgraded the company from Underweight to Equal-Weight with a $7 price target. SoFi Technologies shares are trading higher.

Portfolio Pulse from Erica Kollmann

October 31, 2023 | 5:05 pm

INTC

A significant number of investors have taken a bearish stance on Intel (NASDAQ:INTC), with 51% of trades being bearish and 48% bullish. The targeted price range for Intel over the last 3 months has been $32.0 to $37.5. The current price of INTC is $35.68, down -0.03%. Analysts have mixed opinions, with Rosenblatt downgrading to Sell with a price target of $17, while Northland Capital Markets maintains an Outperform rating with a price target of $56.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 5:02 pm

AMD

A whale investor has taken a bearish stance on Advanced Micro Devices (NASDAQ:AMD), with 51% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $60.0 to $120.0 for AMD over the last 3 months. The price of AMD is up 1.17% at $97.31, with RSI indicators suggesting the stock is currently neutral.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 5:02 pm

LEN

A significant bullish stance on Lennar (NYSE:LEN) has been observed, with unusual options activity noted. The overall sentiment of these big-money traders is split between 54% bullish and 45% bearish. Whales have been targeting a price range from $80.0 to $115.0 for Lennar over the last 3 months. Wells Fargo downgraded its action to Overweight with a price target of $123, while Barclays maintained their Overweight rating with a price target of $132.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 5:02 pm

THC

RBC Capital has maintained its Outperform rating for Tenet Healthcare (NYSE:THC) but lowered its price target from $87.00 to $72.00. Tenet Healthcare's shares are currently trading down 4.11% at $51.06 per share. A move to $72.00 would represent a 41.01% increase from the current share price.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 5:00 pm

LUV

Morgan Stanley has maintained its Overweight rating for Southwest Airlines (NYSE:LUV) but lowered its price target from $50.00 to $47.00. Southwest Airlines' shares are currently trading down 0.71% at $22.35 per share. A move to $47.00 would account for a 110.29% increase from the current share price.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 5:00 pm

RCL

Susquehanna has maintained its Positive rating for Royal Caribbean Gr (NYSE:RCL) but lowered its price target from $127.00 to $120.00. The new price target represents a potential 38.65% increase from the current share price. Royal Caribbean's shares are trading up 0.8% over the last 24 hours.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 5:00 pm

V

Mizuho has maintained its Neutral rating for Visa (NYSE:V) and increased its price target from $240.00 to $243.00. Visa's shares are currently trading up 0.65% at $234.60 per share. A move to $243.00 would represent a 3.58% increase from the current share price.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 5:00 pm

LOCL

Deutsche Bank has downgraded its rating of Local Bounti (NYSE:LOCL) to Hold with a new price target of $1.00, a significant decrease from the previous target of $6.00. Local Bounti's shares are currently trading at $1.26, up 1.82% over the last 24 hours.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 5:00 pm