Streetbeat News

Earnings

KKR

In the past three months, 9 analysts have provided ratings for KKR (NYSE:KKR), with a mix of bullish and somewhat bullish sentiments. The average 12-month price target is $125.67, reflecting a slight increase from the previous target. Analysts have adjusted their ratings and price targets based on recent market conditions and company performance. KKR, a major alternative asset manager, has shown significant revenue growth but faces challenges in profitability, return on equity, return on assets, and debt management.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 7:00 pm

PYCR

Analysts have provided mixed ratings for Paycor HCM (NASDAQ:PYCR) over the past three months, with a blend of bullish and bearish perspectives. The average 12-month price target is $26.58, reflecting a slight increase from the previous target. Despite positive revenue growth, the company faces challenges in profitability and financial returns.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 7:00 pm

PNC

PNC Financial Services Group Inc. (NYSE:PNC) shares are trading at $152.31, down 0.25% in the current session. The stock has decreased by 5.25% over the past month but increased by 19.37% over the past year. The company's P/E ratio of 12.82 is slightly lower than the Banks industry average of 12.9, suggesting potential undervaluation or weaker growth prospects.

Portfolio Pulse from Benzinga Insights

June 11, 2024 | 7:00 pm

TSLA

Tesla Inc (NASDAQ:TSLA) shares are trading lower ahead of the company’s annual shareholder meeting, which includes a proposal regarding CEO Elon Musk’s 2018 pay package. The outcome of the vote, which is expected to be close, could impact Musk's focus on Tesla and the company's share count. Analyst Tony Sacconaghi predicts a 5% drop in Tesla stock if the proposal fails.

Portfolio Pulse from Adam Eckert

June 11, 2024 | 6:57 pm

AXP

EBAY

Citigroup analyst Keith Horowitz initiated coverage on American Express (AXP) with a Neutral rating and a $250 price target, citing limited near-term upside despite a positive long-term outlook. AXP shares are trading lower by 2.78% at $225.98. EBay (EBAY) plans to stop using American Express cards due to high fees.

Portfolio Pulse from Anusuya Lahiri

June 11, 2024 | 6:45 pm

CLF

JP Morgan has downgraded Cleveland-Cliffs Inc. (NYSE:CLF) from Overweight to Neutral, lowering the price target to $17 due to rising capex needs and modest auto demand. The analyst also reduced EPS estimates for FY24 and FY25.

Portfolio Pulse from Lekha Gupta

June 11, 2024 | 6:41 pm

GME

Keith Gill, aka Roaring Kitty, has reignited interest in GameStop (NYSE:GME) with his large holdings and options set to expire soon. Gill's return to social media and his significant stake in GameStop have boosted the stock, but recent earnings and a new share offering have caused volatility. Gill faces a decision to either sell or exercise his options, both of which carry risks.

Portfolio Pulse from Chris Katje

June 11, 2024 | 6:32 pm

AISP

BNED

CURI

CVGW

CXW

TH

TPET

U.S. stocks traded mixed with the Nasdaq Composite gaining around 100 points. CoreCivic shares plummeted after receiving a termination notice from ICE. Calavo Growers reported strong Q2 results, boosting its stock. Trio Petroleum, CuriosityStream, and Airship AI saw significant gains, while Target Hospitality and Barnes & Noble Education experienced sharp declines.

Portfolio Pulse from Avi Kapoor

June 11, 2024 | 6:31 pm

AAPL

NVDA

Brad Gerstner, founder and CEO of Altimeter Capital, has become more bullish on Apple Inc (NASDAQ:AAPL) as the company unveils new AI-powered features at its annual developers conference. Gerstner announced on CNBC that he bought Apple stock ahead of the 2024 WWDC, citing Apple's positioning in the premium consumer space and its partnership with OpenAI. He believes Apple will be a key player in the AI race. Gerstner also continues to be bullish on Nvidia Corp (NASDAQ:NVDA), which he has been buying since late 2022, predicting an 'AI supercycle.'

Portfolio Pulse from Adam Eckert

June 11, 2024 | 6:31 pm

ADSK

Autodesk, Inc. (NASDAQ:ADSK) shares are trading lower after the company reported better-than-expected first-quarter earnings and sales. However, a stockholder derivative complaint was filed against the company's directors and Chief Strategy Officer, alleging various violations. Despite the positive earnings, the legal issues may be contributing to the stock's decline.

Portfolio Pulse from Erica Kollmann

June 11, 2024 | 6:26 pm