Streetbeat News

Analyst Ratings

AMZN

Amazon.com, Inc. (NASDAQ:AMZN) reported strong Q3 results, with shares continuing to climb. Analysts from Telsey Advisory Group, Goldman Sachs, Needham, Oppenheimer, Morgan Stanley, and William Blair all maintained positive ratings, with several raising their price targets. Key takeaways include double-digit sales growth in the U.S. and internationally, stabilization of AWS, and a shift towards generative AI. Amazon's Q3 operating income of $11 billion exceeded expectations.

Portfolio Pulse from Priya Nigam

October 27, 2023 | 3:06 pm

STX

Seagate Technology's stock is trading higher after Rosenblatt maintained a Buy rating and raised its price target from $68 to $78. Morgan Stanley also maintained an Equal-Weight rating and raised its price target from $60 to $67.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 3:01 pm

TSCO

Truist Securities analyst Scot Ciccarelli has maintained a 'Buy' rating on Tractor Supply (NASDAQ:TSCO) but lowered the price target from $235 to $210.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 3:01 pm

ENPH

Enphase Energy, Inc. (NASDAQ:ENPH) shares dropped by 12.8% after the company issued weak Q4 guidance and received several analyst rating updates. The company reported Q3 earnings per share of $1.02, missing the estimated $1.03, and revenue of $551.1 million, falling short of the $566.02 million estimate. The disappointing results were attributed to high inventory levels and reduced demand in key European markets. The company expects Q4 revenue to range from $300 million to $350 million, below the estimated $601.24 million. Higher yields on safer investments like Treasury bonds may also be attracting investors away from riskier growth stocks like Enphase.

Portfolio Pulse from Henry Khederian

October 27, 2023 | 2:55 pm

WTW

Truist Securities analyst Mark Hughes has maintained a 'Buy' rating on Willis Towers Watson (NASDAQ:WTW) and raised the price target from $265 to $275.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 2:49 pm

ORLY

RBC Capital analyst Steven Shemesh has maintained an Outperform rating on O'Reilly Automotive (NASDAQ:ORLY) and raised the price target from $988 to $1003.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 2:47 pm

COF

Capital One Financial (COF) has seen unusual options activity, with a significant number of bullish trades. Whales have been targeting a price range from $90.0 to $115.0 for COF over the last 3 months. The price of COF is up 7.99% at $96.66. Analysts have mixed opinions, with JP Morgan maintaining an Overweight rating and a price target of $109, while HSBC downgraded its action to Reduce with a price target of $84.

Portfolio Pulse from Benzinga Insights

October 27, 2023 | 2:46 pm

NBR

RBC Capital analyst Keith Mackey has maintained a 'Sector Perform' rating on Nabors Industries (NYSE:NBR) but lowered the price target from $140 to $130.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 2:44 pm

CMG

Chipotle Mexican Grill, Inc. (NYSE:CMG) shares continued to rise after reporting higher than expected Q3 earnings, same-store sales growth, and store-level margins. Analysts from KeyBanc Capital Markets, Goldman Sachs, Oppenheimer, Stephens, Wedbush, and William Blair maintained positive ratings and raised price targets. The company's Q4 same-store sales growth is projected to accelerate to the mid-to high-single-digit range, supported by recent price increases and successful menu items.

Portfolio Pulse from Priya Nigam

October 27, 2023 | 2:43 pm

CMG

TD Cowen analyst Andrew Charles has reiterated an 'Outperform' rating on Chipotle Mexican Grill (NYSE:CMG) and maintained a price target of $2200.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 2:42 pm