Streetbeat News

Analyst Ratings

TMUS

T-Mobile US's (NYSE:TMUS) short percent of float has risen 6.2% since its last report, with 27.77 million shares sold short, which is 4.97% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. T-Mobile US's peer group average for short interest as a percentage of float is 4.17%, indicating the company has more short interest than most of its peers.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 4:30 pm

LRCX

Lam Research's (NYSE:LRCX) short percent of float has fallen 5.69% since its last report, with 2.63 million shares sold short, which is 1.99% of all regular shares available for trading. It would take traders 2.39 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 6.33%.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 4:30 pm

BTCUSD

MS

Morgan Stanley has detailed indicators that investors should look for to gauge the end of 'crypto winter', a period of severe market downturns in the cryptocurrency space. The firm highlights the role of Bitcoin's halving event in dictating these market cycles, with the next halving estimated to occur around April 2024. The firm breaks down the cryptocurrency market's behavior into four phases: Summer, Fall, Winter, and Spring, and provides indicators that might signal the end of crypto winter.

Portfolio Pulse from Murtuza Merchant

October 19, 2023 | 4:29 pm

EFX

Needham analyst Kyle Peterson has maintained a 'Buy' rating on Equifax (NYSE:EFX) but lowered the price target from $250 to $230.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:24 pm

CHTR

DIS

Needham analyst Laura Martin has reiterated a Hold rating on Walt Disney Co (NYSE:DIS) due to concerns over high consensus estimates, DTC losses, and weak earnings from linear TV and box office. Martin also highlighted the potential downside risk to Disney's valuation due to $60 billion of capital spending at Parks & Resorts. Despite these concerns, Martin believes Disney's asset mix and benefits from generative AI make it a potential takeover target. Disney recently disclosed ESPN's revenue and operating income, with the latter representing a significant portion of DMED's revenue and operating income. Martin projected FY23 and FY24 revenues and EPS slightly above consensus.

Portfolio Pulse from Anusuya Lahiri

October 19, 2023 | 4:22 pm

IHRT

B. Riley Securities analyst Daniel Day has maintained a 'Buy' rating on iHeartMedia (NASDAQ:IHRT) but lowered the price target from $12 to $7.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:18 pm

BBY

Goldman Sachs analyst Kate McShane has upgraded Best Buy Co., Inc (NYSE:BBY) to Buy from Neutral, raising the price target to $85 from $79. McShane sees potential for a positive demand inflection to drive upside for Best Buy, primarily through multiple expansions. The analyst believes the company’s current valuation is not considering this potential inflection and is most likely factoring in broader concerns regarding consumer health and potential near-term demand headwinds.

Portfolio Pulse from Nabaparna Bhattacharya

October 19, 2023 | 4:17 pm

OMC

Citigroup analyst Jason Bazinet has maintained a 'Buy' rating on Omnicom Group (NYSE:OMC) but lowered the price target from $113 to $112.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:16 pm

TTD

Trade Desk Inc.'s (NASDAQ:TTD) stock has increased by 1.44% over the past month and by 34.92% over the past year. The company's P/E ratio of 295.27 is higher than the Media industry's aggregate P/E ratio of 107.03, indicating that the stock might be overvalued. However, a high P/E ratio could also suggest that investors expect the company to perform better in the future.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 4:15 pm

TSLA

Citigroup analyst Itay Michaeli has maintained a Neutral rating on Tesla (NASDAQ:TSLA) and lowered the price target from $271 to $255.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:14 pm