Streetbeat News

Analyst Ratings

GDDY

SQSP

WIX

Seaport analyst Aaron Kessler initiated coverage of GoDaddy Inc (GDDY), Wix.Com Ltd (WIX), and Squarespace, Inc (SQSP) with a Buy rating. Kessler expects continued momentum in Applications & Commerce for GoDaddy, Creative Subscriptions strength for Wix, and Presence momentum from new customers for Squarespace. He also projected Q3 revenues and EPS for all three companies.

Portfolio Pulse from Anusuya Lahiri

October 24, 2023 | 6:46 pm

TRU

Needham analyst Kyle Peterson has maintained a 'Buy' rating on TransUnion (NYSE:TRU) but lowered the price target from $92 to $75.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 6:44 pm

FSV

Veritas Research has initiated coverage on FirstService (NASDAQ:FSV) with a Buy rating.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 6:41 pm

MDT

Medtronic plc (NYSE:MDT) announced four-year results from the Evolut Low Risk Trial, demonstrating exceptional outcomes and sustained valve performance of its Evolut transcatheter aortic valve replacement (TAVR) system. The system showed significantly better hemodynamics than surgical aortic valve replacement (SAVR) and reported consistently lower and diverging rates of death or disabling stroke versus state-of-the-art surgery, at four years.

Portfolio Pulse from Charles Gross

October 24, 2023 | 6:25 pm

RBLX

Stifel analyst Drew E. Crum has reiterated a Buy rating on Roblox Corporation (RBLX) with a price target of $41. The company is set to report its Q3 2023 financial results on November 8, 2023. Despite losing nearly 20% of its market cap since Q2 results, the analyst sees potential catalysts in Q3 earnings and an upcoming investor day. Crum expects a 17% YoY increase in Q3 revenue to $824 million, with higher DAUs and lower monetization. The analyst also predicts an AEBITDA margin of 4.8%, which would be the lowest for Roblox as a public company, but anticipates improvement going forward.

Portfolio Pulse from Nabaparna Bhattacharya

October 24, 2023 | 6:21 pm

GOOG

META

PINS

Seaport analyst Aaron Kessler initiated coverage of Alphabet Inc (GOOG), Meta Platforms Inc (META), and Pinterest, Inc (PINS). He gave a Neutral rating to Alphabet, a Buy rating to Meta with a price target of $365, and a Buy rating to Pinterest with a target of $33. He expects modestly improving ad growth for Alphabet in the second half of 2024, accelerating ad growth for Meta and Pinterest in the same period.

Portfolio Pulse from Anusuya Lahiri

October 24, 2023 | 6:17 pm

AAPL

The article discusses the use of leading and lagging indicators in technical analysis, using Apple Inc. (NASDAQ:AAPL) as an example. The author notes that AAPL has entered a downtrend since July, with the Relative Strength Index (RSI) indicating a potential change in trend. However, the author remains on the sidelines due to the clearly defined downtrend in price on weak momentum.

Portfolio Pulse from David Keller

October 24, 2023 | 6:13 pm

EXR

Raymond James analyst Jonathan Hughes has maintained a 'Strong Buy' rating on Extra Space Storage (NYSE:EXR), but lowered the price target from $165 to $145.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 6:02 pm

IBM

BMO Capital Markets analyst Keith Bachman reiterated a Market Perform rating on International Business Machines Corporation (IBM) with a price target of $152. Bachman notes steady software demand and potential for IBM to meet or exceed estimates in 2HFY23, helped by M&A. The early closure of the Apptio deal could provide a slight upside. However, Bachman remains skeptical about IBM's consulting estimates in 2HFY23 and expects margin challenges to persist.

Portfolio Pulse from Nabaparna Bhattacharya

October 24, 2023 | 6:02 pm

CUBE

Raymond James analyst Jonathan Hughes has maintained an 'Outperform' rating on CubeSmart (NYSE:CUBE) but lowered the price target from $50 to $45.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 6:01 pm