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Stock Prices

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

AAPL

Apple Inc's shares are trading lower by 1.19% to $188.42, potentially due to investors awaiting Wednesday’s inflation report. The company has seen a year-to-date increase in its trading value of approximately 50.65%, attributed to interest in technology and AI-related stocks. Apple's integration of AI technology into its products and services could attract investors. The June CPI inflation report is anticipated as a significant economic event, with traders awaiting its release for insights into the Fed's future policy decisions.

Portfolio Pulse from Henry Khederian

July 10, 2023 | 7:06 pm

SNOW

A significant bullish stance has been taken on Snowflake (NYSE:SNOW) by a large investor or institution, as indicated by a large position in the company's options. The sentiment among these big-money traders is split, with 55% bullish and 44% bearish. The price target for Snowflake, based on the volume and open interest of these contracts, ranges from $120 to $250. Several financial institutions, including Goldman Sachs, JMP Securities, Mizuho, Needham, and Barclays, have maintained their positive ratings on Snowflake.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 7:06 pm

SQ

A significant investor has taken a bearish stance on Block (NYSE:SQ), with 57% of the detected trades being bearish. The trades include 8 puts amounting to $349,996 and 13 calls amounting to $806,596. The whales have been targeting a price range from $55.0 to $80.0 for Block over the last 3 months. The price of SQ is currently up 2.32% at $68.83, and the next earnings are expected in 24 days.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 7:06 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

ADBE

ADSK

APP

BILL

DDOG

RNG

TEAM

ZM

Shares of software stocks are trading higher amid overall market strength. The stocks mentioned include ADBE, ADSK, APP, BILL, DDOG, RNG, TEAM, ZM.

Portfolio Pulse from Benzinga Newsdesk

July 10, 2023 | 7:05 pm

BECN

Beacon Roofing Supply, Inc. (NASDAQ:BECN) has released its Q2 preliminary results, expecting net sales of around $2.5 billion and gross margins of about 25.4%. The company plans to buy back 400,000 outstanding shares of Series A Preferred stock from CD&R for $804.5 million, which is expected to raise leverage to 2.9x. The repurchase will reduce the diluted share count by 9.69 million shares and discontinue preferred dividends of $24 million per year. BECN shares are trading higher by 1.66% to $83.95.

Portfolio Pulse from Nabaparna Bhattacharya

July 10, 2023 | 7:02 pm

LAZ

Over the past 3 months, 4 analysts have published their opinion on Lazard (NYSE:LAZ) stock. The average price target for Lazard has increased by 11.84% from the previous average price target of $38.67 to $43.25. The analysts' ratings are mixed with 2 somewhat bullish, 1 indifferent, and 1 somewhat bearish.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 7:01 pm

DISH

Over the past 3 months, 6 analysts have published their opinion on DISH Network (NASDAQ:DISH) stock. The average price target is $15.67, representing a 25.38% decrease from the previous average price target of $21.00. The ratings include 2 bullish, 1 somewhat bullish, 2 indifferent, and 1 somewhat bearish.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 7:01 pm

OWL

Analysts have provided various ratings for Blue Owl Cap (NYSE:OWL) within the last quarter, with 2 bullish, 5 somewhat bullish, and 2 indifferent. The average price target is $15.56, implying an upside from the current price of $11.36. This average has increased by 7.31% from the previous average price target of $14.50.

Portfolio Pulse from Benzinga Insights

July 10, 2023 | 7:01 pm