Streetbeat News

Analyst Ratings

CMCSA

Comcast Corp (NASDAQ:CMCSA) has received mixed reactions from analysts following its Q3 results. Oppenheimer analyst Timothy Horan maintained an Outperform rating with a price target of $55, praising the company's focus on FCF growth over subscriber numbers. However, Raymond James analyst Frank G. Louthan, IV gave a Market Perform rating, noting the company's loss of market share. Rosenblatt analyst Barton Crockett reiterated a Neutral rating with a $44 price target, while Scotiabank analyst Jeff Fan downgraded Comcast from Sector Outperform to Sector Perform with a $49 price target.

Portfolio Pulse from Anusuya Lahiri

October 27, 2023 | 6:26 pm

RBLX

Raymond James analyst Andrew Marok has initiated coverage on Roblox Corp (RBLX) with a Strong Buy rating and a price target of $41. Marok sees potential for long-term growth due to a shift towards video gaming among young people, expansion opportunities in international markets and older age groups, and the early stage of on-platform economy sophistication. He also expects margins to increase as the company's current investment cycle nears its end. RBLX shares are currently trading higher by 1.55% at $31.03.

Portfolio Pulse from Lekha Gupta

October 27, 2023 | 6:21 pm

ATGE

Adtalem Global Education Inc's stock is soaring after reporting better-than-expected Q1 FY24 results and issuing FY24 guidance. The company reported a 4.1% Y/Y revenue growth to $368.8 million, beating the consensus of $357.3 million. Student enrollment rose 1.9% Y/Y to 81,073. The company also repurchased shares worth $92 million. Baird upgraded the stock to Outperform from Neutral and raised its price target to $55 from $47.

Portfolio Pulse from Lekha Gupta

October 27, 2023 | 6:18 pm

EL

A significant amount of unusual options activity has been observed for Estee Lauder Cos (NYSE:EL), indicating a bullish stance by a large investor or institution. The options trades are split 50% bullish and 50% bearish, with 5 puts and 7 calls. The price target for Estee Lauder Cos over the last 3 months has been between $100.0 to $170.0. The company's stock price is currently down by 4.34% at $128.4. Several financial institutions have maintained their ratings on Estee Lauder, with price targets ranging from $148 to $185.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 6:16 pm

PG

A significant investor has taken a bearish stance on Procter & Gamble (NYSE:PG), with 70% of recent trades being bearish. The targeted price range for the company over the last three months has been $140.0 to $180.0. The current price of PG is down -1.79% at $147.12. Analysts from Stifel, DZ Bank, Bernstein, and Wells Fargo have maintained their ratings on the company, with price targets ranging from $151 to $162.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 6:16 pm

ABT

DXCM

Oppenheimer analyst Steven Lichtman has reiterated an Outperform rating on DexCom, Inc. (DXCM), with a reduced price target of $122 from $150. Lichtman forecasts a 22% sales growth for DexCom in 2024, driven by the G7 U.S. launch, expanded CMS T2 coverage, and OUS expansion. DexCom's Q3 earnings beat estimates, and the company has raised its 2023 sales guidance to +23–24% y/y. DexCom also announced a $500 million share repurchase program.

Portfolio Pulse from Nabaparna Bhattacharya

October 27, 2023 | 6:15 pm

COUR

Needham analyst Ryan MacDonald reiterated a Buy rating on Coursera Inc (NYSE:COUR) and raised the price target from $19 to $21. Coursera reported a stronger-than-expected 3Q23 with revenue growing 21.4% Y/Y. The company added 6.5 million registered learners in 3Q23, ending the quarter with 136 million on the platform. The strength in 3Q was driven by Coursera's consumer segment, which delivered its 3rd straight quarter of revenue growth acceleration.

Portfolio Pulse from Shivani Kumaresan

October 27, 2023 | 6:11 pm

GM

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating on General Motors Company (GM) but lowered the price target from $41 to $40. Despite GM's Q3 FY23 sales growth and better-than-expected results, concerns are raised about the profitability of its EV business and setbacks in its autonomous vehicle business, Cruise. The analyst expects GM's EV business profit data to show negative margins and sees challenges in the execution of the go-to-market strategy for Cruise.

Portfolio Pulse from Shivani Kumaresan

October 27, 2023 | 6:08 pm

MS

A significant bullish stance has been taken on Morgan Stanley (NYSE:MS) by an unknown entity, possibly an institution or wealthy individual. This was noticed through publicly available options history. The overall sentiment of these big-money traders is split between 55% bullish and 44% bearish. The whales have been targeting a price range from $67.5 to $87.5 for Morgan Stanley over the last 3 months.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 6:01 pm

HSY

Hershey Company reported Q3 FY23 sales growth of 11.1% YoY to $3.03 billion, beating the analyst consensus estimate. However, following the earnings announcement, TD Cowen and Morgan Stanley analysts lowered their price targets on Hershey, leading to a 2.2% fall in Hershey shares.

Portfolio Pulse from Lisa Levin

October 27, 2023 | 6:00 pm