Streetbeat News

Analyst Ratings

CLPT

Stifel analyst Mathew Blackman has initiated coverage on ClearPoint Neuro (NASDAQ:CLPT) with a Buy rating and a price target of $8.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 8:46 am

FMC

Goldman Sachs analyst Adam Samuelson has downgraded FMC (NYSE:FMC) from Buy to Neutral and lowered the price target from $135 to $59.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 8:41 am

FMC

B of A Securities analyst Steve Byrne has downgraded FMC (NYSE:FMC) from Buy to Neutral and announced a price target of $63.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 8:38 am

BRZE

DA Davidson analyst Gil Luria has upgraded Braze (NASDAQ:BRZE) from Neutral to Buy and set a price target of $53.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 8:32 am

AXP

Piper Sandler analyst Kevin Barker has upgraded American Express (NYSE:AXP) from Underweight to Neutral and set a price target of $151.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 8:29 am

AMZN

WMT

Over the past year, Walmart (NYSE:WMT) has outperformed Amazon (NASDAQ:AMZN) with a 17.26% jump compared to Amazon's 5.63%. However, year-to-date, Amazon has risen a solid 50.67% compared to Walmart’s 14.86%. Walmart is a consistent dividend payer, while Amazon does not have a dividend policy. Analysts are bullish on both stocks, with consensus recommendations of “Buy” for both. The relative attractiveness of these stocks largely depends on how the economic environment plays out.

Portfolio Pulse from Shanthi Rexaline

October 24, 2023 | 8:05 am

NVS

Novartis (NYSE:NVS) reported Q3 earnings of $1.74 per share, beating the analyst consensus estimate of $1.70 by 2.35%. This is a 10.13% increase from the same period last year. The company also reported quarterly sales of $11.78 billion, beating the analyst consensus estimate of $11.40 billion by 3.33%. However, this is a 6.08% decrease from the same period last year. Novartis also announced key innovation milestones, including positive Phase 3 data for multiple pipeline assets with blockbuster potential.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 7:14 am

PAC

Grupo Aeroportuario del (NYSE:PAC) reported Q3 earnings of $3.00 per share, beating the analyst consensus estimate of $2.93 by 2.39%. This is a 15.38% increase from the same period last year. However, the company's quarterly sales of $395.74 million missed the analyst consensus estimate of $450.60 million by 12.17%, but still represented an 18.55% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 6:51 am

AAPL

META

MSFT

NVDA

Apple Inc. (AAPL) is lagging behind competitors Meta Platforms Inc. (META) and Microsoft Corporation (MSFT) in the generative AI race, according to analyst Ming-Chi Kuo. Apple's plans to procure 2,000 to 3,000 AI servers in 2023 and 18,000 to 20,000 units in 2024 represent only 1.3% and 5% of global AI server shipments respectively, falling short compared to Meta's planned purchase of 40,000 AI servers next year. Kuo suggests that Apple would need to invest several billion dollars annually to catch up with its competitors.

Portfolio Pulse from Ananya Gairola

October 24, 2023 | 5:49 am

ARKK

ARKQ

ARKW

TSLA

Despite Tesla's recent price cuts and economic uncertainty leading to cautious investor sentiment, Ark Investment Management remains optimistic about the company. Concerns have been raised about the production ramp-up of the Cybertruck and the impact of rising interest rates on consumer purchasing power. However, Ark believes Tesla is 'years ahead' of competition in producing cost-effective, high-performance electric vehicles. Tesla remains the top holding of two of Ark's major ETFs, ARK Innovation ETF and the ARK Autonomous Technology & Robotics ETF, and the fifth biggest holding in the ARK Next Generation Internet ETF.

Portfolio Pulse from Shanthi Rexaline

October 24, 2023 | 5:35 am