Streetbeat News

Analyst Ratings

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

AAL

NFLX

NVDA

ROKU

TSLA

US stocks traded lower with the S&P 500, Dow, and NASDAQ all falling. Tesla, Netflix, American Airlines, Nvidia, and Roku were the top stocks that gained attention. Tesla reported a revenue miss in Q3 due to fluctuations in vehicle deliveries and other business lines. Netflix reported a 7.8% YoY increase in Q3 revenue, beating estimates. American Airlines' stock was affected by uncertain guidance from United Airlines. Nvidia is engaged in multiple endeavors to boost its revenue stream, but analysts estimate a near-term to long-term impact due to the additional US embargo on China. Roku's stock slid after a Wall Street analyst warned of continued softness in the ad market.

Portfolio Pulse from Benzinga Neuro

October 19, 2023 | 1:07 am

PARA

PARAA

A weekly poll shows a potential matchup between President Biden and Donald Trump in the 2024 election is fairly even. Biden's lead in the Democratic Party is likely to grow with Robert F. Kennedy Jr. choosing to run as a third-party or independent candidate. Biden received 43% of the vote compared to 41% for Trump in the latest poll. Biden also led Florida Gov. Ron DeSantis with a 42% to 39% advantage. Biden's interview on '60 Minutes', which aired on Paramount Global owned CBS, could influence his support in the next poll.

Portfolio Pulse from Chris Katje

October 18, 2023 | 10:39 pm