Streetbeat News

Analyst Ratings

CHPT

ChargePoint Holdings Inc's shares are trading higher by 3.9% despite a recent 23.7% decrease over the past five trading sessions. The drop followed an announcement that the company had secured commitments from institutional investors, including the lead investor of their $300 million convertible notes issued in April 2022. The company has also raised $57 million in the third fiscal quarter of 2024 and is planning to modify the terms of their notes with the lead investor. However, these actions might lead to a continued negative sentiment and a decline in the stock price.

Portfolio Pulse from Henry Khederian

October 17, 2023 | 5:44 pm

VRSK

Truist Securities analyst Andrew Jeffrey maintains a 'Buy' rating on Verisk Analytics (NASDAQ:VRSK) and raises the price target from $275 to $285.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 5:42 pm

ZLAB

JP Morgan analyst Anupam Rama maintains an Overweight rating on Zai Lab (NASDAQ:ZLAB) but lowers the price target from $67 to $64.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 5:41 pm

TREX

Truist Securities analyst Keith Hughes has maintained a 'Buy' rating on Trex Co (NYSE:TREX) but lowered the price target from $80 to $70.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 5:40 pm

WAT

JP Morgan analyst Tycho Peterson has maintained a Neutral rating on Waters Corporation (NYSE:WAT) and lowered the price target from $290 to $260.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 5:40 pm

SNAP

Benchmark analyst Mark Zgutowicz reiterated a Hold rating on Snap Inc. (NYSE:SNAP) following the company's announcement of its 2024 goals. The goals include a +20% YoY full-year Ads revenue growth, which implies a ~$5.4 billion '24E revenue. However, the analyst raised questions about the viability of these targets and the need for additional headcount cuts. The analyst increased the FY24 EBITDA estimate from $220.2 million to $275.6 million and the FY24 revenue estimate from $5.002 billion to $5.096 billion.

Portfolio Pulse from Nabaparna Bhattacharya

October 17, 2023 | 5:40 pm

TRU

Truist Securities analyst Andrew Jeffrey maintains a 'Hold' rating on TransUnion (NYSE:TRU) and lowers the price target from $85 to $75.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 5:39 pm

AZEK

Truist Securities analyst Keith Hughes has maintained a 'Buy' rating on AZEK Co (NYSE:AZEK) but lowered the price target from $40 to $35.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 5:37 pm

TMO

JP Morgan analyst Tycho Peterson has maintained an Overweight rating on Thermo Fisher Scientific (NYSE:TMO) but lowered the price target from $670 to $630.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 5:37 pm

TPX

Truist Securities analyst Keith Hughes has maintained a 'Buy' rating on Tempur Sealy Intl (NYSE:TPX), but lowered the price target from $55 to $50.

Portfolio Pulse from Benzinga Newsdesk

October 17, 2023 | 5:36 pm