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NVRO

Oppenheimer analyst Suraj Kalia has reiterated an Outperform rating on Nevro Corp. (NYSE:NVRO) with a price target of $40, despite lowering FY23 and FY24 revenue and EPS estimates due to uncertainties in the company's core business. Nevro's 2Q revenue guidance was also reduced to $106 million-$108 million.

Portfolio Pulse from Nabaparna Bhattacharya

June 06, 2023 | 6:56 pm

EPAM

EPAM Systems has been downgraded by multiple analysts after cutting its Q2 and FY23 financial outlook due to weak near-term demand. Analysts from Citigroup, Stifel, Barclays, Piper Sandler, and Keybanc have lowered their price targets for the company. Despite the downgrades, EPAM shares traded higher by 2.49% to $208.31.

Portfolio Pulse from Anusuya Lahiri

June 06, 2023 | 6:54 pm

VALE

RBC Capital Markets analyst Tyler Broda upgraded Vale SA (NYSE: VALE) to Outperform from Sector Perform and increased the price target to $15 from $13. Broda believes higher iron ore prices and positive expectations on stimulus can boost share price, and foresees a potential IPO for Vale's base metals business.

Portfolio Pulse from Lekha Gupta

June 06, 2023 | 6:52 pm

CHS

Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on Chico's FAS Inc (NYSE:CHS) with a price target of $6. CHS reported 1Q23 EPS of $0.32, beating consensus and guidance. However, the analyst expressed disappointment in the moderated annual outlook and sales coming in slightly below guidance.

Portfolio Pulse from Shivani Kumaresan

June 06, 2023 | 6:50 pm

MSFT

MSTR

MicroStrategy announced a partnership with Microsoft to expand the availability of its products powered by Microsoft Azure, leading to higher trading of MicroStrategy shares.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 6:49 pm

GT

Goodyear Tire & Rubber Co (NASDAQ:GT) has introduced the Urban Max BSA tire, designed in partnership with GILLIG, for electric buses and transit fleets. The tire offers low rolling resistance, increased load capacity, and extended range for EV transit and metro buses.

Portfolio Pulse from Shivani Kumaresan

June 06, 2023 | 6:48 pm

HQY

HealthEquity (HQY) reported better-than-expected Q1 results and issued guidance above estimates, leading to a surge in its share price.

Portfolio Pulse from Benzinga Newsdesk

June 06, 2023 | 6:47 pm

COST

Unusual options activity has been observed for Costco Wholesale (NASDAQ:COST), with a large bearish position appearing on Benzinga's options scanner. The overall sentiment of these big-money traders is split between 47% bullish and 52% bearish. Whales have been targeting a price range from $250 to $700 for Costco Wholesale over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 6:46 pm

GOOGL

A large bullish position on Alphabet (NASDAQ:GOOGL) has been spotted, with 81 uncommon options trades identified. The sentiment of these big-money traders is 59% bullish and 40% bearish. Whales have been targeting a price range of $90 to $160 for Alphabet over the last 3 months.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 6:46 pm

ENPH

A large bullish position on Enphase Energy (NASDAQ:ENPH) has been observed, with 18 options trades spotted, 55% bullish and 44% bearish. Whales have been targeting a price range of $150 to $230 for Enphase Energy over the last 3 months. Barclays maintains an Equal-Weight rating with a price target of $226.

Portfolio Pulse from Benzinga Insights

June 06, 2023 | 6:46 pm