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MSTR

Berenberg Capital Market has set a price target of $430 for MicroStrategy Inc (NASDAQ:MSTR), citing the company's extensive Bitcoin holdings as a key value driver. The firm anticipates that the upcoming Bitcoin halving event in 2024, which reduces the rate of new coin issuance by 50%, will likely boost MicroStrategy's prospects. However, the halving could negatively impact Bitcoin miners, particularly those operating with suboptimal efficiency or high costs.

Portfolio Pulse from Mehab Qureshi

July 11, 2023 | 7:35 am

SYF

Synchrony Financial (NYSE:SYF) has received various analyst ratings in the last quarter, with 3 bullish, 3 somewhat bullish, and 2 indifferent. Over the past 3 months, 8 analysts have offered 12-month price targets for the company, with an average price target of $40.25, a decrease of 3.18% from the previous average price target of $41.57.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 8:00 pm

SAP

SAP Inc.'s share price has increased by 1.15% in the current market session, reaching $134.79. Despite a 0.37% fall over the past month, the stock has risen by 56.12% over the past year. SAP's P/E ratio of 86.46 is lower than the Software industry average of 301.56, which could indicate that the stock is undervalued or that shareholders do not expect future growth.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 7:31 pm

NIO

RIVN

TAN

TSLA

Despite an upgraded price target from Jeffries analyst Phillipe Houchois, Tesla Inc’s (NASDAQ:TSLA) stock was trading down nearly 2% on Monday. Other electric-vehicle companies, like Rivian Automotive Inc (NASDAQ:RIVN) and Nio Inc - ADR (NYSE:NIO) traded up by about 3% and 7% respectively. The Invesco Solar ETF (NYSE:TAN) was also trading up by about 2% on Monday. Tesla is preparing to release its Q2 earnings next week.

Portfolio Pulse from Aaron Bry

July 10, 2023 | 7:23 pm

BLK

Keefe, Bruyette & Woods analyst Michael Brown has upgraded BlackRock Inc (NYSE:BLK) to Outperform from Market Perform, raising the price target from $770 to $835. Brown is bullish on BLK's organic growth and profitability, and believes the high-interest rate environment and the shift to outsourcing will benefit the company. He also sees opportunities for international expansion and enhancement of the private asset platform.

Portfolio Pulse from Lekha Gupta

July 10, 2023 | 7:07 pm

INTA

BTIG has initiated coverage on Intapp with a Buy rating and a price target of $55. This has led to an increase in Intapp's stock price.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 7:05 pm

LGIH

JMP Securities analyst Aaron Hecht has reiterated a Market Outperform rating on LGI Homes Inc (LGIH) and raised the price target from $130 to $150. This follows LGIH's announcement of its June home closings, which exceeded expectations at 1,854 homes. The analyst also increased the diluted EPS estimates for 2023 and 2024. LGIH shares are currently trading higher by 3.6% at $127.92.

Portfolio Pulse from Shivani Kumaresan

July 10, 2023 | 6:27 pm

PANW

ZS

Needham analyst Alex Henderson reiterated a Strong Buy rating on Zscaler, Inc. (NASDAQ:ZS) with a price target of $210. The analyst is optimistic about the company's robust pipeline, new features and products, particularly the AI-driven Risk360. Zscaler's multi-tenancy architecture is seen as a significant advantage. The company is growing 50% faster than its closest competitor, Palo Alto Networks, Inc. (NASDAQ:PANW). ZS shares are trading higher by 6.12% to $151.94.

Portfolio Pulse from Nabaparna Bhattacharya

July 10, 2023 | 6:24 pm

PRI

Truist Securities analyst Mark Hughes has reiterated a Buy rating on Primerica, Inc. (NYSE:PRI), raising the price target to $240 from $220. Hughes sees a meaningful acceleration in transaction volume for Primerica, which is a positive indicator of the company's Q2 fundamentals. The analyst also raised the 2023 and 2024 EPS estimates and the Q2 EPS estimate. The upswing is based on the stronger performance of the S&P 500 impacting the Investment & Savings Product (ISP) segment. Hughes remains optimistic about Primerica's highly-recurring Term Life revenue model and potential to benefit from increased policy demand.

Portfolio Pulse from Nabaparna Bhattacharya

July 10, 2023 | 6:15 pm

VLRS

Analysts have provided bullish ratings for Controladora Vuela (NYSE:VLRS) in the last quarter. In the last 3 months, 4 analysts have offered 12-month price targets for Controladora Vuela, with an average price target of $21.2, an increase of 15.34% from the previous average price target of $18.38.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 6:00 pm