Streetbeat News

Equity Actions

TROW

T. Rowe Price Gr Inc. (NASDAQ:TROW) shares are trading at $111.22, with a recent 0.52% increase. Over the past month, the stock slightly rose by 0.10%, but it has fallen by 6.72% over the past year. The P/E ratio of TROW is lower than the Capital Markets industry average, which could suggest that the stock is undervalued or that shareholders have lower growth expectations.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 8:00 pm

HOOD

Mizuho analyst Dan Dolev reiterated a Buy rating on Robinhood Markets, Inc (NASDAQ:HOOD) with a price target of $15, citing the potential boost to 2024 adjusted EBITDA from a new 3-cent pass-through charge per option contract. Despite a decline in FY24 EBITDA estimates from over $660 million to $560 million since Q3 reporting, Dolev believes the market has not fully accounted for the impact of the pass-through charge. He raised his EBITDA estimate to $562 million from $533 million and projected Q4 revenue and EBITDA at $484 million and $117 million, respectively. HOOD's stock was slightly down at $10.98.

Portfolio Pulse from Anusuya Lahiri

January 23, 2024 | 7:22 pm

NUE

Nucor Inc. (NYSE:NUE) has seen a 0.62% increase in its share price to $171.49 in the current market session. Despite a 3.40% decrease over the past month, the stock has risen by 9.91% over the past year. Nucor's P/E ratio of 8.62 is lower than the Metals & Mining industry average of 15.03, which could suggest that the stock is undervalued or expected to perform worse than its industry peers.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 6:45 pm

WMT

Options trading activity for Walmart (NYSE:WMT) indicates a bullish sentiment among investors, with 56% of the trades being bullish and 43% bearish. The trading volume and open interest suggest that the market expects Walmart's stock to trade between $135.0 and $170.0. The largest options trades include bullish calls with expiration dates in 2024 and bearish puts expiring in 2024. Walmart is a leading retailer in the US, operating over 4,700 stores and generating over $420 billion in domestic sales. The stock price is slightly down with a current price of $162.22, and the RSI indicators suggest it may be approaching overbought territory. Walmart's next earnings report is expected in 28 days.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 6:16 pm

ALB

APTV

BIO

FSLR

HAL

MRO

NEM

UAL

WBD

The S&P 500 index has seen a 20% gain in the past three months, driven by AI, earnings optimism, and expected rate cuts. Investors are evaluating S&P 500 stocks for upside potential based on Wall Street analysts' price targets. Warner Bros. Discovery (WBD), First Solar (FSLR), and Marathon Oil (MRO) are among the top stocks with over 40% projected upside. Other notable mentions include United Airlines (UAL), Bunge Global (BG), Albemarle Corporation (ALB), Newmont Corporation (NEM), Aptiv PLC (APTV), Bio-Rad Laboratories (BIO), and Halliburton Company (HAL).

Portfolio Pulse from Piero Cingari

January 23, 2024 | 6:12 pm

BABA

Alibaba shares are experiencing an uptick due to positive sentiment around Chinese stocks, following reports that China may introduce a stock market rescue package. Additionally, the company's co-founders are reported to be purchasing Alibaba stock, which could be further fueling the rise.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 6:06 pm

RUN

Sunrun (NASDAQ:RUN) has been the subject of diverse analyst ratings over the past three months, with 13 analysts offering a range of opinions. The average 12-month price target is $21.46, with a high of $35.00 and a low of $12.00, marking an 8.91% decrease in the average target. Recent actions include both raised and lowered price targets and ratings, reflecting dynamic market conditions and company performance. Sunrun's financials show a -10.88% revenue decline over 3 months, a net margin of -189.9%, an ROE of -17.52%, an ROA of -5.28%, and a high debt-to-equity ratio of 1.9.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 6:01 pm

ZUO

In the last three months, 4 analysts have provided ratings on Zuora (NYSE:ZUO), with all maintaining a bullish stance. The average 12-month price target is $14.5, representing a 45% increase from the previous target of $10. Zuora's financial performance shows positive revenue growth, a strong net margin, and an excellent ROE and ROA, but a high debt-to-equity ratio. Analysts from Goldman Sachs, Needham, and Canaccord Genuity have recently updated their ratings and price targets for ZUO.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 6:01 pm

ADM

Archer-Daniels Midland (NYSE:ADM) has been the subject of 10 analyst ratings over the past three months, with a shift towards a more bearish sentiment. The average 12-month price target has been reduced by 27.15%, with the current average at $70.3. Analysts from firms including Goldman Sachs, Stifel, Barclays, Roth MKM, BMO Capital, Baird, UBS, and Morgan Stanley have lowered their price targets. ADM's financial performance shows a decline in revenue growth by -12.11% over the past 3 months, but it maintains strong net margin, ROE, and ROA figures, and a conservative debt-to-equity ratio.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 6:00 pm

SEDG

SolarEdge Technologies (NASDAQ:SEDG) has received mixed ratings from 21 financial analysts, with a current average 12-month price target of $79.28, down 32.82% from the previous $118.01. Ratings range from 'Buy' to 'Sell', with recent actions including both upgrades and downgrades. The company's financial performance shows a -13.32% decline in revenue growth, a net margin of -8.43%, ROE of -2.44%, ROA of -1.31%, and a debt-to-equity ratio of 0.29.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 6:00 pm