Streetbeat News

Analyst Ratings

PERF

Piper Sandler analyst Clarke Jeffries has maintained a Neutral rating on Perfect (NYSE:PERF) and lowered the price target from $5 to $3.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 4:13 pm

RUN

Short seller Muddy Waters has issued a bearish report on Sunrun Inc (NASDAQ:RUN), accusing the company of exaggerating its Subscriber Values and Earning Assets. The report alleges that Sunrun has overstated its (non-GAAP) Subscribers for years, potentially leading to excess tax credits of around $200 million for 2022. The report also claims that Sunrun's reported Subscribers are consistently higher than the U.S. Energy Information Agency's figures. Following the report, Sunrun's shares fell by 8.48%.

Portfolio Pulse from Anusuya Lahiri

October 25, 2023 | 4:13 pm

MSFT

NVDA

Microsoft Corp (MSFT) is in the early stages of its major AI opportunity, with its cloud service Azure growing by 29% due to demand for AI tech stack. The company's acquisition of Activision is expected to strengthen its position in video gaming. Microsoft and Nvidia are currently the best two stocks for artificial intelligence among the 'magnificent seven' stocks, which also include Apple, Amazon, Alphabet, Meta Platforms, and Tesla.

Portfolio Pulse from The Arora Report

October 25, 2023 | 4:12 pm

LRN

Barrington Research analyst Alexander Paris maintains an Outperform rating on Stride (NYSE:LRN) and raises the price target from $50 to $60.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 4:10 pm

MMM

RBC Capital analyst Deane Dray has maintained an 'Underperform' rating on 3M (NYSE:MMM) and lowered the price target from $85 to $83.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 4:09 pm

TFII

RBC Capital analyst Walter Spracklin has maintained an 'Outperform' rating on TFI International (NYSE:TFII), but lowered the price target from $153 to $133.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 4:05 pm

AMZN

Amazon.com, Inc (NASDAQ:AMZN) is set to report its Q3 financial results on October 26, 2023. Analysts expect the company to report a revenue of $141.44 billion and earnings per share of 58 cents. The company's previous guidance calls for Q3 revenue to be in the range of $138 billion to $143 billion. Analysts are mostly bullish on Amazon, expecting retail growth, margin improvement, and strong AWS growth. Key items to watch include the company's AWS platform, the 2023 holiday season, the growth of Prime Video subscription, and the company's future AI plans.

Portfolio Pulse from Chris Katje

October 25, 2023 | 4:02 pm

ADP

Automatic Data Processing (ADP) has been evaluated against its peers in the Professional Services industry. The company's P/E ratio of 29.29 is significantly below the industry average, suggesting potential undervaluation. However, its P/B ratio of 28.23 and P/S ratio of 5.81 are above the industry average, indicating potential overvaluation. ADP's ROE of 21.57%, EBITDA of $1.25 billion, gross profit of $1.76 billion, and revenue growth of 6.03% are all higher than the industry average, indicating strong financial performance.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 4:00 pm

ADI

An analysis of Analog Devices (NASDAQ:ADI) compared to its competitors in the Semiconductors & Semiconductor Equipment industry reveals that the company's stock is potentially undervalued. The company's Price to Earnings (P/E), Price to Book (P/B), and Price to Sales (P/S) ratios are all lower than the industry average. However, the company's Return on Equity (ROE), EBITDA, gross profit, and revenue growth are also lower than the industry average, indicating potential inefficiencies and challenges. The company's debt-to-equity ratio is lower than its top 4 peers, indicating a stronger financial position.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 4:00 pm

CNI

RBC Capital analyst Walter Spracklin has maintained a 'Sector Perform' rating on Canadian National Railway (TSX:CNR), but lowered the price target from C$163 to C$158.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2023 | 4:00 pm