Streetbeat News

Analyst Ratings

PYXS

Valentios, the Chairman and CEO of Pyxis Tankers, expects the demand for product tankers to remain solid at least through 2024. However, he also anticipates continued short-term volatility due to weather conditions and geopolitical developments.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:46 am

NFLX

Netflix, Inc. (NASDAQ:NFLX) shares surged following robust Q3 results. Analyst Justin Patterson at KeyBanc Capital Markets upgraded Netflix shares from “Sector Weight” and set a $510 price target, implying a 47% upside potential. Patterson anticipates 13 million net additions in both 2024 and 2025, leading to outsized earnings per share growth. He raised his earnings per share estimates for 2023, 2024, and 2025 by 6%, 8%, and 12%, respectively.

Portfolio Pulse from Shanthi Rexaline

October 19, 2023 | 8:45 am

MXL

Deutsche Bank analyst Ross Seymore has downgraded MaxLinear (NASDAQ:MXL) from Buy to Hold and set a price target of $23.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:44 am

DADA

Morgan Stanley analyst Qianlei Fan has downgraded Dada Nexus (NASDAQ:DADA) from Overweight to Equal-Weight and lowered the price target from $12.3 to $4.78.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:41 am

GBIO

TD Cowen analyst Yaron Werber has downgraded Generation Bio (NASDAQ:GBIO) from Outperform to Market Perform.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:36 am

UCBI

Piper Sandler analyst Stephen Scouten has downgraded United Community Banks (NASDAQ:UCBI) from Overweight to Neutral.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:30 am

NTRS

Wells Fargo analyst Mike Mayo has downgraded Northern Trust (NASDAQ:NTRS) from Overweight to Equal-Weight and lowered the price target from $90 to $71.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 8:22 am

FFND

TSLA

Tesla, Inc. (NASDAQ:TSLA) reported its first double miss in over four years, leading to a 5% drop in after-hours trading. The company's Q3 earnings per share and auto gross margin fell short of estimates. Tesla's earnings quality was also questioned due to higher than expected regulatory credits and a lower tax rate. Despite the disappointing results, Future Fund's Managing Partner, Gary Black, expressed continued interest in the stock, citing the attractive 2024 P/E multiple, the imminent start of Cybertruck deliveries, and the likelihood of a full self-driving licensing deal. Future Fund has set a $300 price target for Tesla.

Portfolio Pulse from Shanthi Rexaline

October 19, 2023 | 8:16 am

ALK

Alaska Air Group, Inc. (NYSE:ALK) is expected to report lower Q3 earnings at $1.86 per share, down from $2.53 per share a year ago. The company's revenue might be $2.87 billion, compared to $2.82 billion in the year-ago period. The company's shares fell 5.2% to close at $32.66 on Wednesday. Several analysts have recently lowered their price targets for the company.

Portfolio Pulse from Lisa Levin

October 19, 2023 | 6:18 am

INTC

Intel CEO Pat Gelsinger has emphasized the need for a concerted effort from industry and government to secure victory in the chip war. He criticized the U.S. industrial policy of the past three decades, which led to the outsourcing of the U.S. manufacturing base to Asia. Gelsinger revealed that the U.S. and Europe currently hold only 20% of the global share of advanced chip factories, a significant drop from the 80% they controlled in the 1990s. He urged for quicker disbursement of Chips Act funds and increased investment in scientific research, as well as a change in immigration laws to address the talent shortage in the U.S. chip industry.

Portfolio Pulse from Benzinga Neuro

October 19, 2023 | 4:10 am