Streetbeat News

Analyst Ratings

NOC

A significant investor has taken a bearish stance on Northrop Grumman (NYSE:NOC), with 61% of recent trades being bearish and 38% bullish. The targeted price range for the company over the last three months has been $440.0 to $490.0. The current price of NOC is down -0.94% at $473.29. UBS and Deutsche Bank have both downgraded their actions to Buy with price targets of $555 and $502 respectively.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 7:02 pm

MDXG

Craig-Hallum analyst Chase Knickerbocker has initiated coverage on MiMedx Group (NASDAQ:MDXG) with a Buy rating and a price target of $12.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 6:55 pm

AAPL

MASI

The International Trade Commission (ITC) has upheld a decision that Apple Inc. infringed on Masimo Corporation's patent rights related to a light-based technology used in blood-oxygen-level monitoring. If Masimo is successful, Apple might be forced to pay royalties, potentially generating $50 million-$100 million of annual revenue for Masimo. However, Apple is expected to appeal the decision, which could delay any potential royalty payments. Masimo's recent acquisition of Sound United and its potential for growth in the medical business were also highlighted.

Portfolio Pulse from Nabaparna Bhattacharya

October 27, 2023 | 6:44 pm

IDA

Guggenheim analyst Shahriar Pourreza has initiated coverage on Idacorp (NYSE:IDA) with a Buy rating and a price target of $104.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 6:42 pm

SWK

Citigroup analyst Eric Lau has upgraded Stanley Black & Decker (NYSE:SWK) from Neutral to Buy and raised the price target from $110 to $118.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 6:33 pm

APH

A large bearish position has been taken on Amphenol (NYSE:APH), as observed in publicly available options history. Benzinga's options scanner spotted 10 uncommon options trades for Amphenol, with 80% being bearish. Whales have been targeting a price range from $65.0 to $80.0 for Amphenol over the last 3 months. The price of APH is currently down -1.09% at $79.33. Truist Securities maintains their Buy rating on Amphenol with a price target of $97.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 6:32 pm

TGT

A significant bearish stance has been taken on Target (NYSE:TGT) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 33% bullish and 66% bearish. The whales have been targeting a price range from $85.0 to $140.0 for Target over the last 3 months. Analysts' ratings on Target vary, with price targets ranging from $116 to $180.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 6:31 pm

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