Streetbeat News

Analyst Ratings

OM

B of A Securities analyst Travis Steed has downgraded Outset Medical (NASDAQ:OM) from Buy to Underperform and lowered the price target from $32 to $3.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:19 pm

BTCUSD

DOGEUSD

Crypto analyst Nicholas Merten predicts a significant correction for Dogecoin (CRYPTO: DOGE), projecting a potential decline of nearly 90%. He emphasized the importance of price action and stated that the downward trend might persist if the price isn't garnering interest and there's a scarcity of buyers. At the time of writing, DOGE was trading at $0.058, down 0.56% in the last 24 hours.

Portfolio Pulse from Mehab Qureshi

October 13, 2023 | 12:19 pm

DAL

JP Morgan analyst Jamie Baker maintains an Overweight rating on Delta Air Lines (NYSE:DAL) but has lowered the price target from $71 to $68.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:15 pm

GRPN

Groupon shares are trading higher after Roth MKM initiated coverage on the stock with a Buy rating and a $30 price target.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:12 pm

VNRX

VolitionRx Limited (NYSE:VNRX) has published a report summarizing key themes from its recent Key Opinion Leader roundtable on sepsis management. The panel discussed the potential of using Volition's Nu.Q® NETs technology effectively in clinical practice for early diagnosis, treatment guidance, monitoring, and personalized medicine in sepsis patients. The company is developing simple, easy-to-use, cost-effective blood tests to help diagnose and monitor a range of life-altering diseases including cancer.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:10 pm

EGLX

HC Wainwright & Co. analyst Scott Buck maintains a 'Buy' rating on Enthusiast Gaming Hldgs (NASDAQ:EGLX), but has lowered the price target from $3 to $2.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:08 pm

TKR

Citigroup analyst Timothy Thein has maintained a Neutral rating on Timken (NYSE:TKR) and lowered the price target from $85 to $80.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:06 pm

DPZ

DUOL

FTNT

GOOGL

HL

IMXI

INMD

JD

MOR

PANW

Several Wall Street analysts have updated their outlooks on various stocks. Citigroup cut Domino's Pizza's price target from $398 to $396, while Needham lowered the price target for International Money Express from $27 to $21. Canaccord Genuity slashed InMode's price target from $55 to $22, and Macquarie cut JD.com's price target from $52 to $32. Barclays slashed Fortinet's price target from $71 to $63. Morgan Stanley increased MorphoSys's price target from $3.7 to $9.2, and Roth MKM raised Hecla Mining's price target from $4 to $4.4. Keybanc increased Palo Alto Networks' price target from $300 to $315 and Alphabet's from $145 to $155. Piper Sandler raised Duolingo's price target from $170 to $191.

Portfolio Pulse from Lisa Levin

October 13, 2023 | 12:05 pm

JD

JD.com shares are trading lower following rumors of an arrest of a businessman with the same surname as the company's chairman. Additionally, multiple analysts have downgraded the stock and lowered their price targets.

Portfolio Pulse from Benzinga Newsdesk

October 13, 2023 | 12:04 pm

GOOG

GOOGL

Ahead of Alphabet Inc.'s Q3 results release on Oct. 24, KeyBanc Capital Markets analyst Justin Patterson has raised his price target for the company's stock from $145 to $155. Patterson predicts a Q3 beat for Alphabet, with healthy Search trends and strong retail and travel verticals. He also forecasts a 13% YoY overall revenue growth for Q4, driven by Search strength and improving YouTube performance.

Portfolio Pulse from Shanthi Rexaline

October 13, 2023 | 12:04 pm