Streetbeat News

Analyst Ratings

WDAY

Workday's (NYSE:WDAY) short percent of float has fallen 10.31% since its last report, indicating a decrease in short interest. The company has 3.59 million shares sold short, which is 1.74% of all regular shares available for trading. Compared to its peers, Workday has less short interest as a percentage of float, with an average of 3.31%.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:30 pm

NVO

Argus Research has initiated coverage on Novo Nordisk (NYSE:NVO) with a Buy rating and a price target of $110.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:30 pm

FDX

UPS

HSBC analysts have initiated coverage on FedEx Corp (FDX) with a Buy rating and a price target of $330. They are optimistic about FedEx's cost-cutting initiatives, which they believe could boost adjusted operating margins to 8.4% by FY26. They also expect FedEx to decrease the EBIT margin gap with its peer, United Parcel Service Inc (UPS), by integrating ground and express delivery networks. The analysts predict a decline in capital expenditure intensity and strong growth in small parcels and freight business.

Portfolio Pulse from Lekha Gupta

October 02, 2023 | 2:24 pm

AMZN

NEGG

NVDA

Nvidia Corp's stock is trading higher amid reports that EU antitrust regulators have not formally investigated chips used for AI. This comes after the French competition authority raided Nvidia for alleged anti-competitive practices. Meanwhile, PC hardware stores in Tokyo have raised concerns over a potential crisis of Nvidia GeForce RTX 40 series graphics cards. In the U.S., retailers like Amazon and Newegg Commerce currently have a significant stock of GeForce RTX 4090 models. Goldman Sachs analyst Steven Kron added Nvidia to the bank's 'Americas Conviction List' with a price target of $605.

Portfolio Pulse from Anusuya Lahiri

October 02, 2023 | 2:19 pm

JPM

SPY

Jamie Dimon, CEO of JPMorgan Chase, stated in an interview with Bloomberg TV that America has the best financial system in the world.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:17 pm

PYPL

A significant bearish stance has been taken on PayPal Holdings (NASDAQ:PYPL) by a large investor, as indicated by a big position in the company's publicly available options history. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $52.5 to $100.0 for PayPal Holdings over the last 3 months. Mizuho, MoffettNathanson, and Piper Sandler have downgraded their ratings on PayPal.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:16 pm

WFC

A significant bullish stance has been taken on Wells Fargo (NYSE:WFC) by a large investor or institution, as indicated by a large position in the company's options. The sentiment among these big-money traders is 70% bullish and 30% bearish. The whales have been targeting a price range from $37.5 to $45.0 for Wells Fargo over the last 3 months. Deutsche Bank and HSBC have downgraded their actions to Buy and Hold respectively, with price targets of $44 and $45.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:16 pm

SUI

B of A Securities analyst Joshua Dennerlein has downgraded Sun Communities (NYSE:SUI) from Buy to Neutral.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:13 pm

SPY

Wharton's Jeremy Siegel stated on CNBC that the Federal Reserve will not raise rates in November. This could potentially impact the performance of the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:11 pm

NCNO

Stephens & Co. analyst Charles Nabhan has downgraded Ncino (NASDAQ:NCNO) from Overweight to Equal-Weight and set a price target of $34.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 2:10 pm