Streetbeat News

Analyst Ratings

BAC

A significant amount of unusual options activity has been observed for Bank of America (NYSE:BAC), with a majority of investors taking a bearish stance. The targeted price range for BAC over the last 3 months has been between $25.0 and $32.0. The current price of BAC is up 0.68% at $27.5. Analysts from Oppenheimer, Morgan Stanley, and BMO Capital have maintained their ratings on BAC, with price targets of $48, $32, and $40 respectively.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:18 pm

AMZN

Amazon's Sarab Narang has highlighted a Goldman Sachs analysis that predicts generative AI will add $7 trillion to the world economy. The analysis suggests that this technology could have a significant impact on various sectors, potentially boosting Amazon's AI initiatives.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 3:04 pm

TWO

Analysts have provided mixed ratings for Two Harbors Inv (NYSE:TWO) within the last quarter, with one somewhat bullish and three indifferent. The average 12-month price target for the company, according to four analysts, is $13.88, an increase of 0.36% from the previous average price target of $13.83.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:01 pm

EGHT

8x8 (NASDAQ:EGHT) has received 5 bullish, 3 indifferent, and no bearish ratings from analysts in the last quarter. The average 12-month price target for the stock is $4.76, representing a 17.93% decrease from the previous average price target of $5.80.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:01 pm

RNG

RingCentral (NYSE:RNG) has received a mix of bullish and indifferent analyst ratings in the last quarter. The average price target from these 12 analysts is $43.83, which is higher than the current price of $30.15, implying an upside. However, this average represents a 5.23% decrease from the previous average price target of $46.25.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:01 pm

MXL

Over the past 3 months, 6 analysts have published their opinion on MaxLinear (NASDAQ:MXL) stock. The average price target for MaxLinear has decreased by 23.24% from the previous average price target of $38.00 to $29.17. The analysts' ratings are divided with 3 being bullish and 3 being indifferent.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:01 pm

RELX

RELX's short percent of float has fallen 28.57% since its last report, with 1.03 million shares sold short, which is 0.05% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, RELX has less short interest as a percentage of float, with an average of 3.11%.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:01 pm

SHW

Sherwin-Williams's (NYSE:SHW) short percent of float has risen 5.47% since its last report, with 3.19 million shares sold short, which is 1.35% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Sherwin-Williams has less short interest as a percentage of float, which is 4.06% on average.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:01 pm

RCM

In the last quarter, R1 RCM (NASDAQ:RCM) received 5 analyst ratings, with 4 being bullish and 1 indifferent. The average 12-month price target for the company is $19.8, an increase of 16.47% from the previous average of $17.00.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:01 pm

MRK

Merck & Co's (NYSE:MRK) short percent of float has fallen 5.17% since its last report, with 13.88 million shares sold short, which is 0.55% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Merck & Co has less short interest.

Portfolio Pulse from Benzinga Insights

October 19, 2023 | 3:01 pm