Streetbeat News

Earnings

MSFT

BofA Securities analyst Brad Sills maintains a Buy rating on Microsoft (NASDAQ:MSFT) and raises the price target to $510. Sills sees a 1% upside to Q4 revenue estimates due to Azure strength, Office E3/E5 premium mix, and early traction with Microsoft Copilot. The analyst also projects a $100 million upside to the PBP segment revenue estimate and forecasts double-digit revenue growth with a slight margin decline due to increased capex.

Portfolio Pulse from Nabaparna Bhattacharya

July 17, 2024 | 6:04 pm

CRWD

CrowdStrike Holdings (NASDAQ:CRWD) has been analyzed by 21 analysts over the past three months, revealing a range of perspectives from bullish to bearish. The average 12-month price target is $405.52, with a high of $440.00 and a low of $370.00. Recent analyst actions include both raises and lowers in price targets, reflecting diverse opinions on the company's future performance. CrowdStrike has shown a positive revenue trend with a 32.99% growth rate but faces challenges in profitability and returns on equity and assets.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 6:00 pm

DAL

UAL

United Airlines Holdings, Inc. (NASDAQ:UAL) is set to release its second-quarter earnings after the market close on Wednesday. The stock dipped 6.07% last week in sympathy with Delta Air Lines, Inc. (NYSE:DAL), which reported mixed results and weak guidance. Analysts expect UAL to report earnings of $3.95 per share and revenue of $15.096 billion. UAL's flight attendants are preparing for a strike authorization vote, demanding better pay and working conditions. TD Cowen analyst Helane Becker maintained a Buy rating on UAL and raised the price target from $65 to $80.

Portfolio Pulse from Erica Kollmann

July 17, 2024 | 5:57 pm

SAVE

Spirit Airlines (NYSE:SAVE) shares are trading lower after issuing soft Q2 2024 revenue guidance, with total revenue expected at $1.28 billion versus analyst estimates of $1.33 billion. Non-ticket revenue underperformed due to market shifts, leading to several analyst downgrades and price target reductions.

Portfolio Pulse from Dylan Berman

July 17, 2024 | 5:46 pm

DIS

NFLX

Disney is developing new technology to enhance user engagement on its streaming platforms, aiming to rival Netflix. The company is introducing personalized algorithms, customized promotional art, and pop-up live channels. Disney reported a slight revenue miss but beat EPS estimates in Q2, while Netflix reported strong revenue and subscriber growth.

Portfolio Pulse from Anusuya Lahiri

July 17, 2024 | 5:45 pm

FOVL

IBKR

RUFF

Piper Sandler analyst Patrick Moley has raised estimates for Interactive Brokers Group, Inc. (NASDAQ:IBKR) following strong Q2 FY24 results. The company reported sales of $1.29 billion and EPS of $1.76, both beating analyst estimates. Moley projects 26% account growth in FY24 and increased EPS estimates. The analyst maintains an Overweight rating with a $140 price target. Barclays also raised its price target to $147. Investors can gain exposure via Alpha Dog ETF (NYSE:RUFF) and IShares Focused Value Factor ETF (NYSE:FOVL).

Portfolio Pulse from Lekha Gupta

July 17, 2024 | 5:41 pm

STT

State Street Corporation (NYSE:STT) reported strong Q2 earnings, beating revenue and EPS estimates. Analysts have raised their price targets for the stock following the results.

Portfolio Pulse from Avi Kapoor

July 17, 2024 | 5:31 pm

APVO

ASLN

SAVA

SHIM

ASLAN Pharmaceuticals shares dropped over 38% after announcing the voluntary liquidation of its sole operating subsidiary. Other notable stock movements include Aptevo Therapeutics climbing 84% following a $2.75 million offering, and Shimmick Corporation rising 49% after securing a $27.6 million subcontract. Cassava Sciences fell nearly 30% due to executive leadership changes.

Portfolio Pulse from Avi Kapoor

July 17, 2024 | 5:28 pm

STT

RBC Capital analyst Gerard Cassidy reiterated a Sector Perform rating on State Street Corp (NYSE:STT) and raised the price target from $85 to $91. STT reported strong 2Q24 EPS of $2.15, driven by better-than-expected net interest income and fee revenues. The company's tangible book value per share and core return metrics also showed improvement. STT continues to win new mandates and has a strong pipeline for the next 12 months.

Portfolio Pulse from Shivani Kumaresan

July 17, 2024 | 5:27 pm

JNJ

Johnson & Johnson shares are trading higher following better-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 5:23 pm