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AMZN

META

MSFT

SOXX

TSLA

The stock market saw gains for the third consecutive week, with major indexes rising. U.S. inflation slowed in October, and retail sales contracted slightly. Benzinga's event discussed fintech and digital assets. Bullish views included Amazon's blockchain head discussing a Bitcoin ETF, Microsoft's raised target price due to AI and custom chips, and Dogecoin's potential rally. Bearish perspectives involved Tesla's struggles in China, Michael Burry's short bet against the semiconductor sector, and a developer favoring Apple's Vision Pro over Meta's Quest.

Portfolio Pulse from Michael Cohen

November 18, 2023 | 5:22 pm

EOG

EOG Resources Inc. (NYSE:EOG) saw a 2.50% increase in its stock price to $123.72 in the current market session, despite a 7.14% decrease over the past month and an 11.54% drop over the past year. The P/E ratio analysis suggests that EOG Resources, with a lower P/E than the industry average, may be undervalued or may not be expected to grow as much as its peers. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative factors when evaluating the company's stock.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 8:30 pm

DKS

NKE

ONON

Truist Securities analyst Joseph Civello initiated coverage on Dick's Sporting Goods Inc (DKS) with a Buy rating and a price target of $134, citing strong ties with Nike (NKE) and On Holding AG (ONON). Despite a 22% drop in DKS shares since 2Q23 EPS, the analyst sees a buying opportunity, highlighting the company's structural improvements and partnerships with major sports apparel/footwear vendors. The EPS estimates for FY23 and FY24 are $11.95 and $12.45, respectively. DKS shares rose 2.91% to $118.71 recently.

Portfolio Pulse from Nabaparna Bhattacharya

November 17, 2023 | 8:27 pm

ADI

Morgan Stanley analyst Joseph Moore upgraded Analog Devices Inc (ADI) from Equal-Weight to Overweight and increased the price target from $176 to $225. Moore's analysis suggests that ADI outperforms during down cycles and is setting a positive outlook despite challenging conditions. He expects the current cycle to bottom in May 2024 and sees improved visibility for a base in the semiconductor group. ADI's high ASP products and guidance for lower forward earnings contribute to its resilience. ADI shares rose 1.69% to $182.88 following the upgrade.

Portfolio Pulse from Anusuya Lahiri

November 17, 2023 | 8:08 pm

PSN

Parsons Corp (NYSE:PSN) has received positive analyst ratings in the last quarter, with 3 bullish and 1 somewhat bullish ratings. The average 12-month price target for PSN is $74.00, with a high of $80.00 and a low of $69.00. This target has increased by 8.42% over the past month. Analyst ratings are determined by forecasting a company's future earnings and revenue, and are subject to human error.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 8:00 pm

ADSK

Autodesk (NASDAQ:ADSK) has received predominantly bullish analyst ratings in the last quarter, with 8 bullish, 6 somewhat bullish, and 3 indifferent ratings. No bearish ratings were reported. The average 12-month price target among 17 analysts is $243.94, with a high of $261.00 and a low of $214.00. This target has increased by 3.85% over the past month, indicating a positive sentiment among analysts.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 8:00 pm

FOXF

Fox Factory Hldg (NASDAQ:FOXF) has received 7 analyst ratings in the last quarter, with 5 being bullish and 2 indifferent. The average price target is $105.71, which is significantly higher than the current price of $61.45, suggesting an implied upside. However, this target is a 13.17% decrease from the previous target of $121.75. Analysts typically review stocks each quarter, and their ratings are based on company performance, financial statements, and insider communications.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 8:00 pm

JNJ

In the last quarter, 21 analysts have rated Johnson & Johnson (NYSE:JNJ) with 15 somewhat bullish and 6 indifferent ratings. The average 12-month price target for JNJ is $194.86, with a high of $215.00 and a low of $158.00. This target has increased by 9.47% over the past month. Analysts typically review stocks quarterly or after major company updates, basing their ratings on financial forecasts, company performance, and market conditions.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 8:00 pm

KMB

KVUE

PRGO

Piper Sandler analyst Korinne Wolfmeyer initiated coverage on personal care stocks, highlighting the industry's potential for growth due to consumer spending resilience. Perrigo Co PLC (PRGO) received an Overweight rating with a $37 price target, while Kimberly-Clark Corp. (KMB) also got an Overweight rating with a $146 target. Kenvue Inc (KVUE) was rated Neutral with a $20 target. PRGO's sales strength, new products, and EPS forecasts are positive, while KMB's focus on innovation and margin improvement are seen as growth drivers. KVUE's reliance on branded products and potential litigation are concerns. PRGO's stock rose by 3.01%, KVUE's by 0.59%, and KMB's fell by 0.12% on the last check Friday.

Portfolio Pulse from Lekha Gupta

November 17, 2023 | 7:54 pm

TWOU

Needham analyst Ryan MacDonald has reiterated a Buy rating on 2U (NASDAQ:TWOU) and maintained a $3 price target for the company's stock.

Portfolio Pulse from Benzinga Newsdesk

November 17, 2023 | 7:41 pm