Streetbeat News

Analyst Ratings

DG

DLTR

WMT

BMO Capital Markets analyst Kelly Bania reiterated an Outperform rating on Dollar Tree, Inc. (DLTR) with a price target of $170. Despite a 26% fall in DLTR's share price since F2Q24, Bania sees potential for long-term growth, citing management's strategies, plans for Family Dollar, and opportunities to improve the Dollar Tree format. Bania also notes that 60% of DLTR's customers' spending still goes to Walmart Inc. (WMT). The analyst also sees potential for $2+ in EPS due to a reversal of freight headwinds and nearly $1 in one-time price investments and charges at Family Dollar.

Portfolio Pulse from Nabaparna Bhattacharya

October 06, 2023 | 6:44 pm

ADBE

BMO Capital Markets analyst Keith Bachman reiterated an Outperform rating on Adobe Inc. (NASDAQ:ADBE) with a price target of $645. Bachman believes Adobe's Creative Cloud's competitive differentiation and growth opportunities, aided by generative AI capabilities, will be the focus at the upcoming MAX conference. He also expects discussions on Document Cloud and Experience Cloud, highlighting future growth opportunities. Bachman sees Adobe's FY23 Adjusted EPS at $15.91 with revenues of $19.361 billion, and FY24 Adjusted EPS at $17.67 with revenues of $21.482 billion.

Portfolio Pulse from Nabaparna Bhattacharya

October 06, 2023 | 6:41 pm

WTW

Jefferies analyst Yaron Kinar maintains a Hold rating on Willis Towers Watson (NASDAQ:WTW) and raises the price target from $218 to $226.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 6:40 pm

FIHL

Jefferies analyst Yaron Kinar maintains a 'Hold' rating on Fidelis Insurance Hldgs (NYSE:FIHL) and raises the price target from $15 to $16.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 6:36 pm

APLD

Applied Digital Corporation (NASDAQ:APLD) is expected to report a narrower Q1 loss of 2 cents per share, compared to a year-ago loss of 5 cents per share. The company's revenue is projected to be $35.16 million, a significant increase from $6.64 million in the year-ago period. Several analysts have maintained a 'Buy' rating on the company, with price targets ranging from $12 to $17.5.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 6:32 pm

SCCO

Southern Copper Inc.'s (NYSE:SCCO) share price increased by 0.86% in the current market session to $72.31, despite a 5.96% fall over the past month. However, the stock has spiked by 55.95% over the past year. The company's P/E ratio is lower than the aggregate P/E of 21.47 of the Metals & Mining industry, indicating that the stock might be undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 6:30 pm

STZ

Constellation Brands Inc (NYSE:STZ) reported a 7% YoY net sales growth of $2.84 billion for Q2 FY24, beating the consensus estimate of $2.82 billion. The company also raised its FY24 Comparable EPS outlook from $11.70 - $12 to $12 - $12.20. Despite the positive earnings, the company's shares fell 1.3% to trade at $238.18. Post earnings, several analysts including HSBC, JP Morgan, Truist Securities, Roth MKM, and Wedbush increased their price targets on Constellation Brands.

Portfolio Pulse from Lisa Levin

October 06, 2023 | 6:21 pm

LULU

A significant amount of unusual options activity has been observed for Lululemon Athletica (NASDAQ:LULU), with a bearish stance being taken by a majority of investors. The price target for Lululemon Athletica over the last 3 months has been between $350.0 to $390.0. The current price of LULU is down -0.25% at $359.46. HSBC, Needham, and Telsey Advisory Group have all downgraded their actions to Buy or Outperform with price targets ranging from $450 to $500.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 6:17 pm

ORCL

A significant investor has taken a bearish stance on Oracle (NYSE:ORCL), with 61% of recent trades being bearish and 38% bullish. The trades have targeted a price range of $70.0 to $115.0 for Oracle over the last 3 months. The current price of ORCL is down -0.32% at $108.0. Analysts from Berenberg, Evercore ISI Group, Citigroup, UBS, and Mizuho have maintained their ratings on Oracle, with price targets ranging from $110 to $150.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 6:17 pm

MA

A significant number of investors have taken a bearish stance on Mastercard (NYSE:MA), with 68% of the detected trades being bearish and 31% bullish. The total amount for puts is $639,360 and for calls is $104,970. Whales have been targeting a price range from $330.0 to $440.0 for Mastercard over the last 3 months. The current price of MA is down -0.81% at $391.0. Truist Securities and Jefferies have maintained their Buy rating on Mastercard with a price target of $475.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 6:17 pm