Streetbeat News

Stock Prices

CSGP

Needham analyst Mayank Tandon reiterated a Buy rating on CoStar Group, Inc. (CSGP), raising the price target to $100 from $90. Despite mixed 2Q23 results and a lower FY23 revenue outlook due to weaker CRE market conditions, the analyst remains bullish on CSGP due to its careful cost management and strong growth in areas like Apartments.com and Suite. However, CSGP shares are trading lower by 8% to $84.46.

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2023 | 7:15 pm

BEKE

Shares of KE Holdings are trading higher, following a general trend of strength in Chinese stocks.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 7:12 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that the Fed would stop raising interest rates before reaching a 2% inflation rate, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 7:09 pm

CMG

Chipotle Mexican Grill, Inc (NYSE:CMG) is expected to release its Q2 earnings report after the market closes. Analysts estimate earnings per share of $12.31 on revenues of $2.53 billion. BofA Securities and Baird have maintained positive ratings on the stock and raised their price targets. The stock has been trading in a bearish downtrend but is consolidating under its all-time high, suggesting potential for a positive run.

Portfolio Pulse from Melanie Schaffer

July 26, 2023 | 7:09 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that he does not foresee a return to 2% inflation until around 2025. This could potentially impact the overall market and the SPY ETF.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 7:09 pm

META

Meta Platforms, Inc (NASDAQ:META) is set to release its Q2 financial results. Analysts estimate earnings per share of $2.91 on revenues of $31.12 billion. Mizuho analyst James Lee maintained a Buy rating on Meta and raised a price target from $280 to $350. New Street Research analyst Dan Salmon upgraded the stock from Neutral to Buy and announced a $350 price target. From a technical analysis perspective, Meta’s stock is trading within a falling channel pattern that is bullish for the short term but could be bearish down the road.

Portfolio Pulse from Melanie Schaffer

July 26, 2023 | 7:09 pm

LOGI

Logitech International SA (NASDAQ:LOGI) has seen its price target raised by several analysts following strong Q4 FY23 earnings. The company reported Q1 FY24 revenue of $974.5 million, exceeding consensus estimates. Logitech also revised its H1 FY24 sales guidance upwards. However, analysts from Wedbush and Citigroup have lowered their revenue and EPS estimates for FY24 and beyond. LOGI shares are currently trading higher by 0.85% at $72.13.

Portfolio Pulse from Lekha Gupta

July 26, 2023 | 7:07 pm

SPY

Federal Reserve Chair Jerome Powell has announced that the Fed will not be cutting rates this year. This decision could impact the overall market and particularly the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 7:07 pm

DHR

Danaher shares are trading higher after a drop on Tuesday due to weak FY23 guidance. Several analysts have raised their price targets on the stock.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 7:06 pm

WM

Waste Management's shares are trading lower following the company's Q2 results, which were below expectations.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 7:05 pm