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Stock Prices

BABA

Susquehanna analyst Shyam Patil maintains a Positive rating on Alibaba Group Holding Ltd (NYSE:BABA) but lowers the price target from $175 to $160. Alibaba faces pressure from macro and pandemic impacts, but cost discipline continues to pay off. The company's restructuring is seen as a potential long-term value driver.

Portfolio Pulse from Anusuya Lahiri

May 23, 2023 | 6:33 pm

MDT

A whale investor has taken a bearish stance on Medtronic (NYSE:MDT), with 72% of detected trades having bearish expectations. Whales have been targeting a price range of $83.0 to $97.5 for Medtronic over the last 3 months. Wells Fargo and Barclays have upgraded their ratings to Overweight with price targets of $100 and $104, respectively, while Truist Securities maintains a Hold rating with a $93 price target.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 6:31 pm

ADM

Archer-Daniels Midland (NYSE:ADM) has outperformed the market over the past 20 years, producing an average annual return of 9.63%. If an investor had bought $100 of ADM stock 20 years ago, it would be worth $647.07 today.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 6:30 pm

ACN

Accenture (NYSE:ACN) has outperformed the market over the past 20 years, producing an average annual return of 15.04%. A $1000 investment in ACN 20 years ago would be worth $17,084.02 today.

Portfolio Pulse from Benzinga Insights

May 23, 2023 | 6:30 pm

DIS

GLBE

SHOP

Analysts are bullish on Global E Online's (GLBE) long-term potential, with Needham's Scott Berg reiterating a Buy rating and a $44 price target. GLBE reported better than expected 1Q results, with GMV growth of 54% Y/Y. Raymond James' Brian Peterson maintains an Outperform rating, raising the price target from $35 to $40. JMP Securities' Patrick Walravens reiterates a Market Outperform rating and a $46 price target.

Portfolio Pulse from Anusuya Lahiri

May 23, 2023 | 6:30 pm

DKS

Telsey Advisory analyst Joseph Feldman reiterated an Outperform rating on Dick's Sporting Goods (NYSE: DKS) with a price target of $160. The company had a solid 1Q23 with inline sales and better-than-anticipated gross margin. However, the macroeconomic environment and higher costs remain potential headwinds.

Portfolio Pulse from Shivani Kumaresan

May 23, 2023 | 6:29 pm

F

RIVN

SPY

TSLA

Tesla's Cybertruck, set to launch in 2023, has garnered significant attention and is expected to compete with legacy automakers in the pickup truck market. Since its unveiling in November 2019, a $1,000 investment in Tesla stock would have grown to $8,425.75, a 742.6% increase.

Portfolio Pulse from Chris Katje

May 23, 2023 | 6:27 pm

WSM

Telsey Advisory analyst Cristina Fernandez reiterated an Outperform rating on Williams-Sonoma Inc (NYSE:WSM) with a price target of $135. Despite sluggish 1Q23 sales, the company managed SG&A costs tightly through lower advertising and workforce reduction, exceeding operating margin and EPS expectations.

Portfolio Pulse from Shivani Kumaresan

May 23, 2023 | 6:26 pm

WH

Wyndham Hotels & Resorts shares are trading higher following a report suggesting Choice Hotels is seeking to buy the company.

Portfolio Pulse from Bill Haddad

May 23, 2023 | 6:25 pm

AZN

AstraZeneca presented positive data on its BREZTRI treatment for chronic obstructive pulmonary disease (COPD) at the ATS 2023 conference. The results show improved lung function and reduced exacerbations in patients.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2023 | 6:21 pm