Streetbeat News

Analyst Ratings

META

Meta Platforms, Inc. (NASDAQ:META) shares fell in premarket trading despite surpassing Q3 expectations with a revenue of $34.15 billion and earnings per share of $4.39. The drop is linked to CFO Susan Li's comments about geopolitical tensions in the Middle East affecting ad revenue. However, Future Fund's Gary Black and KeyBanc analyst Justin Patterson believe the selloff is unjustified, highlighting positive aspects such as Reels breaking even earlier than expected and AI as a growth driver.

Portfolio Pulse from Shanthi Rexaline

October 26, 2023 | 10:28 am

ALGN

ANET

DKNG

GGR

LAAC

MAT

META

MXL

PSTG

TSLA

Several US stocks traded lower in Thursday's pre-market session. Align Technology, MaxLinear, Mattel, Pure Storage, Gogoro, Arista Networks, DraftKings, Lithium Americas, Meta Platforms, and Tesla all recorded losses. This was largely due to worse-than-expected Q3 results and downgraded ratings.

Portfolio Pulse from Lisa Levin

October 26, 2023 | 10:10 am

BCS

B of A Securities analyst Rohith Chandra Rajan has downgraded Barclays (NYSE:BCS) from Neutral to Underperform and lowered the price target from $8.77 to $7.31.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:10 am

BOKF

Wells Fargo analyst Jared Shaw has downgraded BOK Financial from Overweight to Equal-Weight and lowered the price target from $90 to $70.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:06 am

EXLS

ExlService Holdings (NASDAQ:EXLS) reported Q3 adjusted earnings of $0.37 per share, beating the analyst consensus estimate of $0.34 by 8.82%. This is a 19.35% increase from the same period last year. The company also reported quarterly sales of $410.97 million, beating the analyst consensus estimate of $405.90 million by 1.25%, a 13.73% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 10:04 am

BBWI

Jefferies analyst Ashley Helgans has downgraded Bath & Body Works (NYSE:BBWI) from Buy to Hold and lowered the price target from $45 to $30.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 9:56 am

OKTA

Daiwa Capital analyst Shigemichi Yoshizu has upgraded Okta (NASDAQ:OKTA) from Outperform to Buy and announced a price target of $87.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 9:52 am

SAVE

Spirit Airlines reported Q3 adjusted losses of $(1.37) per share, beating the analyst consensus estimate of $(1.48) by 7.43 percent. However, the company's quarterly sales of $1.26 billion missed the analyst consensus estimate by 0.08 percent, marking a 6.25 percent decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 9:49 am

LYV

Evercore ISI Group has upgraded Live Nation Entertainment (NYSE:LYV) from In-Line to Outperform and set a new price target of $100.

Portfolio Pulse from Benzinga Newsdesk

October 26, 2023 | 9:48 am

BTCUSD

Former BitMEX CEO, Arthur Hayes, predicts that Bitcoin (BTC) could reach a price of $1 million due to escalating geopolitical tensions and persistent inflation. He believes that the ongoing wars involving the U.S and the stagnation of interest rate hikes by the Federal Reserve create a 'trigger moment' for Bitcoin. Hayes suggests that the surge in Bitcoin's value is not due to speculation about an ETF approval, but rather a reflection of a forthcoming 'very inflationary global world war situation'.

Portfolio Pulse from Benzinga Neuro

October 26, 2023 | 9:47 am