Streetbeat News

Analyst Ratings

FRSH

Piper Sandler analyst Brent Bracelin has maintained an Overweight rating on Freshworks (NASDAQ:FRSH), but lowered the price target from $28 to $24.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 6:56 pm

EXFY

Piper Sandler analyst Brent Bracelin has maintained a Neutral rating on Expensify (NASDAQ:EXFY) and lowered the price target from $7 to $4.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 6:52 pm

AVDX

Piper Sandler analyst Brent Bracelin has maintained an Overweight rating on AvidXchange Holdings (NASDAQ:AVDX) but lowered the price target from $15 to $12.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 6:49 pm

WFC

A whale investor has taken a bullish stance on Wells Fargo (NYSE:WFC), with options history showing 10 strange trades. Half of the investors opened trades with bullish expectations and half with bearish. The total amount for puts is $391,121 and for calls is $236,400. Whales have been targeting a price range from $35.0 to $47.5 for Wells Fargo over the last 3 months. BMO Capital maintains their Market Perform rating on Wells Fargo, with a price target of $54.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 6:46 pm

MRK

A large investor has taken a bearish stance on Merck & Co (NYSE:MRK), with 66% of big-money traders also showing bearish sentiment. The overall sentiment is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $70.0 to $125.0 for Merck & Co over the last 3 months. The price of MRK is up 0.78% at $103.47. Next earnings are expected to be released in 3 days.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 6:46 pm

RNG

Rosenblatt has downgraded RingCentral's stock from Buy to Neutral and lowered its price target from $52 to $35. This has led to a decrease in RingCentral's share price.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2023 | 6:33 pm

CHD

CLX

Raymond James analyst Olivia Tong has upgraded Church & Dwight Co Inc (CHD) to Market Perform from Underperform, citing strong cash flow generation and growth potential from acquired businesses. Tong also sees CHD benefiting from Clorox Company's (CLX) recent cyberattack. Morgan Stanley analyst Dara Mohsenian maintained an Overweight rating on CHD, expecting above-peers and above-consensus organic sales and EPS growth.

Portfolio Pulse from Lekha Gupta

October 23, 2023 | 6:25 pm

LOW

A significant investor has taken a bearish stance on Lowe's Companies (NYSE:LOW), with 90% of detected trades showing bearish expectations. The trades include 5 puts and 5 calls, with a total amount of $286,766 and $188,609 respectively. The targeted price range for Lowe's over the last 3 months is from $105.0 to $230.0. The current price of LOW is down -0.54% at $189.47. Telsey Advisory Group and Truist Securities maintain their Market Perform and Buy ratings on Lowe's respectively, with price targets of $225 and $235.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 6:15 pm

AZO

A significant amount of unusual options activity has been detected for AutoZone (NYSE:AZO), with a bearish stance being taken by a 'whale' investor. Of the 13 strange trades detected, 46% were bullish and 53% were bearish. The price target range for AutoZone over the last 3 months has been $1830.0 to $2750.0. The current price of AZO is down -1.3% at $2456.3. Truist Securities maintains a Buy rating on AutoZone with a price target of $2863, while TD Cowen and Oppenheimer have downgraded their actions with price targets of $2975 and $2600 respectively.

Portfolio Pulse from Benzinga Insights

October 23, 2023 | 6:15 pm

ETSY

Wedbush analyst Seth Basham reiterates a neutral rating on Etsy Inc (NASDAQ:ETSY) with a price target of $70. The analyst sees downside risk to Q3 consolidated GMS guidance and consensus forecasts based on decelerating core website traffic trends. The analyst also notes potential macro and competitive pressures, including the restart of Federal student loan payments, exhausted pandemic savings, rising interest rates, and geopolitical tensions.

Portfolio Pulse from Shivani Kumaresan

October 23, 2023 | 6:03 pm